Best USDe interest rates (November 2026)
Right now 7 USDe pools pass our safety filters. The best 30-day average is 4.98% on Ethena USDe (Ethereum), and the middle of the pack earns about 4.81%.
Last updated · refreshes hourly · Data: DefiLlama ↗
New to this? Read the 30-second versionQuick explainer
- A stablecoin is a token built to stay worth $1. You can lend it out or deposit it in a protocol and earn interest, paid by borrowers or by what the protocol does with the money.
- We rank by the 30-day average (APY), not today's rate, because rates jump around. Tap + on any row for the risks and a link to the source.
- Higher rates usually mean more risk. None of this is insured like a bank account.
Guide: How stablecoin yields work →How to read these tablesGlossary
7 options match
- 1
Ethena USDe
SUSDE · Ethereum
4.98%30d avg
Now 5.09%TVL $1.17BSteadyDetails
- Note
- 7 days unstaking
- Source
- DefiLlama pool page ↗Ethena USDe website ↗
- 2
Aave V4
USDE · Ethereum
4.81%30d avg
Now 5.65%TVL $30.1MRisingDetails
- Note
- Plus
- Reward tokens
- 5.65% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Aave V4 website ↗
- 3
Morpho Blue
USDE · Base
4.81%30d avg
Now 5.00%TVL $351.9MSteadyDetails
- Reward tokens
- 5.00% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Morpho Blue website ↗
- 4
Morpho Blue
USDE · Robinhood Chain
4.81%30d avg
Now 5.00%TVL $360.9MSteadyDetails
- Reward tokens
- 5.00% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Morpho Blue website ↗
- 5
Aave V3
USDE · Monad
1.03%30d avg
Now 1.29%TVL $97.1MRisingDetails
- Reward tokens
- 1.00% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Aave V3 website ↗
- 6
Aave V3
USDE · Plasma
0.26%30d avg
Now 0.25%TVL $560.6MSteadyDetails
- 7
Aave V3
USDE · Ethereum
0.23%30d avg
Now 0.22%TVL $260.3MSteadyDetails
Is earning interest on USDe safe?
Safer is not safe. Every pool here is a smart contract that could have a bug, and USDe itself could lose its $1 peg if Ethena or its backing runs into trouble. Pools with very high rates often pay part of the yield in reward tokens or lend to riskier borrowers. Pools listed under "USDe" include vaults and wrapped versions built on USDe, which add their own manager or strategy risk. Read the full risk explainer.
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