TheBlockBeats highlights eight promising stablecoin projects worth watching as innovation accelerates in the stablecoin space.
- cap: A dollar-pegged token ($cUSD) minted against USDC, with stcUSD for yield farming and a short-lived “Caps” staking campaign.
- USD.AI: A stablecoin designed for AI hardware lending—users collateralize GPUs to mint USDai and earn sUSDai through the “Allo” campaign.
- Level (lvlUSD): Fully backed by USDC/USDT, users can stake lvlUSD to receive slvlUSD, which integrates into DeFi platforms like Curve.
- OpenEden ($USDO/$TBILL): Combines tokenized Treasury bills and money market funds, with TBILL achieving Moody’s investment-grade rating.
- Falcon Finance: A synthetic USD protocol (USDf) created by DWF Labs with a TVL of $1.4B and a token-based “Miles” reward system.
- Perena: A Solana-based stablecoin infrastructure that mints USD* backed by USDC/USDT/PYUSD with “petals” incentive points.
- Noble ($USDN): A dedicated RWA chain issuing USDN; holders earn rewards via staking and a points system.
- Resolv ($USR): A dollar-pegged token fully collateralized by ETH using perpetual futures, with gamified incentives.
This diverse lineup illustrates how stablecoins are branching into new sectors—from DeFi yield and AI financing to tokenized securities. Also on the horizon: Tether’s Plasma L2 chain, Circle’s Arc, Stripe/Paradigm’s Tempo, and WLFI’s USD1 token from the Trump-aligned venture.
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