Global Dollar Staking

USDG is a US dollar stablecoin issued by Paxos, and the default dollar asset on Robinhood Chain, the Arbitrum-based Layer 2 Robinhood launched on 1 July 2026. Staking Rewards tracks every venue that currently pays a yield on USDG — Robinhood Earn, Morpho vaults on Robinhood Chain, Aave and Kraken — and publishes a DeFi risk rating on the vaults behind those rates. It is redeemable 1:1 from Paxos, which is regulated in Singapore by the MAS and in the EU under MiCA.

USDG has no native yield — the rate you earn is whichever venue you lend it to, and the live table on this page ranks them. The headline route is Robinhood Earn at an estimated ~7% APY, which is not a Robinhood-funded promotional rate: deposits route into Morpho lending markets on Robinhood Chain, so the number moves with real borrowing demand. Aave and Kraken pay separately and independently. Rates on this page refresh continuously; treat any number quoted elsewhere as stale.

The Robinhood Earn rate is produced by Morpho vaults curated by Steakhouse Financial on Robinhood Chain, and Staking Rewards rates those vaults on its 900-point DeFi framework. All three currently sit in CCC to CCC+ territory — high-risk — largely because Robinhood Chain and its lending markets are only weeks old, not because of a specific defect. The position carries insurance underwritten by Lloyd's of London and RELM against covered cyber and smart-contract exploits, which is unusual for a DeFi-sourced rate and does not cover market or depeg loss. The full rating breakdown is linked from each venue row.

All four are fiat-backed dollars with 1:1 redemption; the difference that matters is where each earns. USDG's yield is concentrated on Robinhood Chain and a small tracked venue set, so it currently pays above the large-cap stablecoins — a young-market premium, and it is reflected in the CCC-range grades on those vaults rather than in the rate. USDC and USDT have deeper, longer-lived venue sets at lower rates and higher grades. The cross-asset table compares all seven side by side, rate and grade together.

Four, and they are separable. Venue risk — the Morpho vaults behind the headline rate are rated CCC to CCC+ on our DeFi framework; that grade, not the APY, is the number to read first. Chain risk — Robinhood Chain launched on 1 July 2026, so it has a short live history and thin liquidity relative to Ethereum mainnet. Issuer risk — USDG is Paxos-issued and reserve-backed; redemption depends on Paxos, not on a protocol. Rate risk — ~7% is variable and set by borrowing demand, so it can fall without notice. Custodial routes such as Kraken add counterparty risk on top.

Robinhood Wallet bridges natively. From another wallet, Across is the fastest route for stablecoins (~2 seconds, USDC in and USDG out, from 13 chains), Jumper aggregates routes from 50+ chains, and the Arbitrum canonical bridge is the maximum-security option at roughly 10 minutes in and ~7 days out. Gas is paid in ETH, so keep some on the chain. There is no Robinhood Chain token and no official airdrop — treat any "claim" page as a scam.