Ethena's sUSDe has emerged as the top dividend-paying token for 2025, with a total payout of $253.6 million, according to Stablewatch data. Sky's sUSDS follows with $139.3 million, while Securitize's BUIDL ranks third with $85.5 million. Maple's syrupUSDC and Circle's USYC complete the top five, with payouts of $43 million and $28.4 million, respectively.