sUSDe topped the list of dividend-paying tokens for 2025, followed by sUSDS, BUIDL, and others.

In 2025, the yield-paying token with the highest total dividend payout was sUSDe issued by Ethena, with a total payout of $253.6 million for the year. This was followed by sUSDS from the Sky ecosystem with $139.3 million, and BUIDL from Securitize ranked third with $85.5 million. The top five also included Maple's syrupUSDC ($43 million) and Circle's USYC ($28.4 million).