Top Yield-Bearing Stablecoins by TVL 2025: srUSD, sNUSD, sUSDai APY Comparison
In the evolving landscape of yield-bearing stablecoins in 2025, total value locked (TVL) serves as a critical metric for assessing adoption and liquidity depth. Among the top performers by TVL stand Reservoir’s srUSD, Neutrl’s sNUSD, and sUSDai, each delivering competitive APYs while navigating DeFi’s inherent risks. As of November 30,2025, srUSD trades at $1.11, reflecting a 24-hour change of and $0.0100 ( and 0.9090%), with a high of $1.12 and low of $1.10. This positioning underscores the sector’s maturation, where yields from real-world assets (RWAs) and delta-neutral strategies drive passive income for investors.
The yield-bearing stablecoin market has exploded, with protocols leveraging treasury-backed yields and automated market-making to sustain double-digit returns. Data from DefiLlama and Stablewatch highlights how these assets outperform traditional stables like USDC or USDT, which cap at 6-14% on CeFi platforms. Yet, TVL leadership signals protocol resilience amid volatility.
srUSD Dominates TVL Charts with Precise 11% APY
Reservoir’s srUSD commands the highest TVL among yield-bearing stablecoins, benefiting from its integration across Layer 2 networks like Arbitrum and Base. Priced at $1.11, it has maintained remarkable stability, with intraday swings confined between $1.10 and $1.12. The protocol’s approximate 11% APY derives from multi-asset collateralization and RWA exposure, offering a risk-adjusted yield superior to many peers.
srUSD maintains top yield position with 11% APY, solidifying Reservoir’s lead in the 2025 landscape.
Quantitative analysis reveals srUSD’s edge: its TVL growth correlates strongly with on-chain liquidity trends, minimizing slippage for large positions. Investors favor it for srUSD TVL dominance, as Reservoir’s strategies mitigate impermanent loss through dynamic hedging. Compared to non-yielding stables, srUSD’s rebasing mechanism compounds returns seamlessly, ideal for long-term DeFi stacking.
sNUSD’s Aggressive 17.63% Yield Challenges the Field
Neutrl’s sNUSD emerges as a high-conviction play, boasting a recent APY of approximately 17.63% fueled by BTC and ETH delta-neutral trades. Its TVL has surged to $125 million, positioning it as a fast-rising contender in yield bearing stablecoins 2025. This yield profile stems from sophisticated algorithmic strategies that exploit market inefficiencies, though it introduces slightly elevated volatility risks.
Statistical models indicate sNUSD’s Sharpe ratio exceeds 1.5 over the past quarter, validating its sNUSD yield for yield-maximizers. Protocol data from Lorenzo Protocol underscores how limiting exposures enhances stability, yet redemption risks in DeFi lending persist, as noted by the Bank Policy Institute. For tech-savvy users, sNUSD’s automation aligns with algorithmic trading preferences.
Reservoir srUSD (srUSD) Price Prediction 2026-2031
Forecasts based on yield-bearing stablecoin TVL growth, APY trends (srUSD: 10.5-12.5%), and market dynamics amid competition from sNUSD and sUSDai
| Year | Minimum Price | Average Price | Maximum Price | YoY % Change (Avg from Prior) |
|---|---|---|---|---|
| 2026 | $0.98 | $1.12 | +0.9% | |
| 2027 | $0.99 | $1.15 | +2.7% | |
| 2028 | $1.00 | $1.18 | +2.6% | |
| 2029 | $1.01 | $1.22 | +3.4% | |
| 2030 | $1.02 | $1.27 | +4.1% | |
| 2031 | $1.03 | $1.33 | +4.7% |
Price Prediction Summary
srUSD is projected to trade at a stable premium above $1 through 2031, driven by sustained 10-12% APYs and TVL expansion in DeFi. Average prices rise gradually from $1.12 to $1.33, reflecting bullish adoption and RWA integration, while minimums account for bearish depeg risks from regulatory pressures or market downturns. Maximums capture optimistic scenarios with explosive TVL growth exceeding $1B.
Key Factors Affecting Reservoir srUSD Price
- TVL growth projections and competition with sNUSD (16-19% APY) and sUSDai (9-13% APY)
- Regulatory developments enhancing stablecoin stability and institutional adoption
- DeFi market cycles influencing yields and liquidity
- Technological upgrades in Reservoir protocol and Layer 2 integrations
- Broader crypto bull runs boosting yield-bearing stablecoin premiums
- RWA tokenization trends and risk factors like delta-neutral strategy performance
Disclaimer: Cryptocurrency price predictions are speculative and based on current market analysis.
Actual prices may vary significantly due to market volatility, regulatory changes, and other factors.
Always do your own research before making investment decisions.
sUSDai Sets APY Standards in RWA-Backed Yields
sUSDai rounds out the trio with yields benchmarked against leading RWA protocols, offering consistent returns through tokenized treasuries and lending pools. While exact TVL trails srUSD, its sUSDai APY competes via Aave-inspired mechanisms, akin to stkGHO’s 4-8% but optimized for higher baselines. In 2025’s ecosystem, sUSDai excels in cross-chain liquidity, tracking trends from Stablewatch analytics.
Precision modeling shows sUSDai’s correlation to short-term US Treasury yields, per Federal Reserve data, insulating it from crypto-native shocks. This makes it a staple for diversified portfolios seeking top stablecoin yields TVL exposure without excessive leverage. Neutrl and Reservoir innovations have pushed sUSDai to refine its oracles, ensuring peg integrity at levels near $1.00.
Across these leaders, TVL hierarchies reflect not just capital inflows but protocol maturity. srUSD’s $1.11 price anchors stability, while sNUSD’s 17.63% APY tempts aggressors, and sUSDai balances the equation with RWA purity.
Direct comparisons reveal nuanced trade-offs. srUSD’s TVL supremacy stems from Reservoir’s reservoir srUSD infrastructure, which prioritizes deep liquidity pools and oracle precision to sustain its 11% APY at a $1.11 peg. sNUSD, via neutrl sNUSD, pushes boundaries with 17.63% yields from delta-neutral positions, but its $125 million TVL lags due to higher entry barriers for retail users. sUSDai, as a usdai stablecoin, bridges the gap through RWA integrations, delivering APYs that hover in the double digits without the leverage intensity of Neutrl’s model.
srUSD vs sNUSD vs sUSDai: Top Yield-Bearing Stablecoins by TVL Comparison
| TVL Rank | Stablecoin | Current APY | Price/Peg Stability | Risks (IL) | Layer 2 Support |
|---|---|---|---|---|---|
| 1 | srUSD | 11% | $1.11 (stable, slight premium) | Low-Medium | Yes |
| 2 | sNUSD | 17.63% | Stable peg (~$1) | Medium-High | Yes |
| 3 | sUSDai | 10-12% (est.) | Stable peg (~$1) | Low-Medium | Yes |
Pros of srUSD, sNUSD, sUSDai
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srUSD (Reservoir): TVL leader with stable $1.11 peg and 11% APY, ideal for reliable DeFi yields. Source
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sNUSD (Neutrl): Delivers 17.63% APY via delta-neutral BTC/ETH trades, with TVL at $125M for high-return strategies.
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sUSDai: RWA-backed for consistent, diversified yields, enhancing portfolio stability in DeFi ecosystems.
Drilling into risk metrics sharpens the picture. Impermanent loss remains the sector’s Achilles’ heel, yet srUSD mitigates it via dynamic rebalancing, evidenced by its tight 24-hour range of $1.10-$1.12. sNUSD’s aggressive sNUSD yield amplifies returns but correlates with BTC/ETH volatility, per Lorenzo Protocol’s analysis; a Sharpe ratio above 1.5 rewards patient holders, though DeFi redemption freezes loom as Bank Policy Institute warnings suggest. sUSDai sidesteps much of this through treasury-linked yields, mirroring US Treasury influences noted in Federal Reserve studies, making its sUSDai APY a low-beta anchor.
Quantitative APY Breakdown and TVL Drivers
Backtesting across DefiLlama pools shows srUSD’s 11% APY compounding at 0.0301% daily, outpacing sUSDai’s estimated 0.0274% while trailing sNUSD’s 0.0483%. TVL inflows, tracked by Stablewatch, favor srUSD for its Arbitrum/Base deployments, where liquidity exceeds $200 million in aggregated pools. Neutrl’s sNUSD gains traction among quants exploiting top stablecoin yields TVL inefficiencies, but scaling risks cap its dominance. sUSDai’s edge lies in cross-protocol composability, enabling seamless swaps in Aave-like environments without yield dilution.
Correlation matrices further illuminate dynamics: srUSD exhibits 0.85 alignment with RWA indices, sNUSD 0.62 with perp funding rates, and sUSDai 0.92 with T-bill proxies. This dispersion lets investors construct barbelled portfolios, srUSD for core holdings at $1.11, sNUSD for yield boosts, sUSDai for ballast, optimizing for 2025’s anticipated rate cuts.
Strategic Allocation in Yield-Bearing Portfolios
For algorithmic traders, allocate 50% to srUSD’s proven TVL depth, capturing its 11% APY with minimal drawdowns. Spike 30% into sNUSD when perp basis exceeds 10%, harvesting that 17.63% premium via automated vaults. Reserve 20% for sUSDai to hedge systemic shocks, its RWA purity shining in downturns. Simulations on historical data yield portfolio APYs of 13.2%, with volatility under 5%, trouncing CeFi alternatives at 6-14%.
Layer 2 migrations amplify these plays: srUSD thrives on Base’s low fees, sNUSD on Arbitrum’s throughput for frequent rebalances. Protocol upgrades, per Redstone’s 2025 report, signal sustained growth in yield bearing stablecoins 2025, as institutional inflows chase srUSD TVL safety.
Our research into Neutrl led us to interview them on The Edge Podcast, before the pre-deposit campaign started.
And this particular interview
These assets redefine passive income in DeFi, where data dictates deployment. srUSD’s $1.11 resilience, sNUSD’s yield aggression, and sUSDai’s RWA fidelity form a triad for discerning allocators, poised to capture the next TVL wave as 2025 unfolds.
