Stablecoins

Explore the activity and risks behind crypto and asset-backed stablecoins. View encumbent and new issuer on-chain traction, regulatory information, and structural data.

Market Cap

$267.44B

+4.66%from 30d ago

Monthly Transfer Volume

$3.53T

+15.40%from 30d ago

Monthly Active Addresses

36.06M

11.88%from 30d ago

Holders

189.82M

+2.11%from 30d ago

Stablecoin Metrics

Market Caps shows the scale and power law distribution between all stablecoin issuers.

Show % of Total

Group By

Market Caps

Group By

as of 08/23/2025

Top Entities

#
Issuer
RWA Count
Market Cap
30D%
Market Share
1
Tether Holdings LogoTether Holdings
5
$165,154.2M
2.39%
61.75%
2
Circle International LogoCircle International
1
$65,471.8M
3.17%
24.48%
3
Ethena LogoEthena
1
$11,939.4M
68.56%
4.46%
4
Sky LogoSky
1
$8,994.6M
5.59%
3.36%
5
Binance LogoBinance
2
$4,590.3M
0.17%
1.72%
6
BitGo LogoBitGo
1
$2,321.7M
10.36%
0.87%
7
Pallas Fund LogoPallas Fund
1
$1,449.8M
0.21%
0.54%
8
Paxos LogoPaxos
3
$1,340.6M
37.21%
0.50%
9
FD121 (BVI) Limited LogoFD121 (BVI) Limited
1
$1,223.9M
12.48%
0.46%
10
USDD Protocol LogoUSDD Protocol
1
$745.6M
0.09%
0.28%

Stablecoin Payment Corridors

View cross-border stablecoin payment corridors between different countries.

Get Access to Payment Corridor Metrics

as of 08/23/2025

Stablecoins

61 Total

Expand rows to view different networks supported by each stablecoin product.

📣 We now support asset reserves data for stablecoins. Learn more here.

Network

Pegged Asset

Is Yield Bearing?

Name
Ticker
Protocol
Networks
Market Cap
Price
Pegged Currency
Underlying Assets
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Domicile
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License or Regulatory Framework
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S&P Stability Assessment
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Rating
by Bluechip
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Account Segregation
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Bankruptcy Remote
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Custodians
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Auditor
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Transparency
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Monthly Active Addresses
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Monthly Transfer Volume
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Monthly Transfer Count
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Holders
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Contract Address
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Tether USDt IconTether USDtTether Holdings
USDT
TRON LogoSolana LogoPolygon LogoPlume LogoOptimism LogoNEAR LogoEthereum LogoCelo LogoAvalanche LogoArbitrum LogoAptos Logo
$165,139,026,171
$0.9998

US Dollar

Money Market - Fund+ 6 More
British Virgin Islands Flag

British Virgin Islands

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

4 - Constrained
Cantor Fitzgerald+ 6 More
BDO Italia
16,059,785
$1,417,791,569,775
328,369,651
112,791,139
15 Addresses
USDC IconUSDCCircle International
USDC
ZKsync Era LogoXRP Ledger LogoTRON LogoStellar LogoSolana LogoPolygon LogoPlume LogoOptimism LogoNoble LogoNEAR LogoMANTRA LogoEthereum LogoCelo LogoBase LogoBNB Chain LogoAvalanche LogoArbitrum LogoAptos Logo
$65,471,757,225
$0.9998

US Dollar

Money Market - Fund+ 3 More
Bermuda Flag

Bermuda

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

2 - Strong
The Bank of New York Mellon
Deloitte
8,708,696
$1,535,590,809,719
384,510,550
30,814,306
25 Addresses
USDe
Solana LogoEthereum Logo
$11,939,415,879
$1.0007

US Dollar

Derivatives - Short ETH PerpsCryptocurrencies - ETH

N/A

Non-Regulated

5 - Weak
20,962
$65,368,639,668
304,309
38,904
2 Addresses
USDS IconUSDSSky
USDS
Solana LogoPolygon LogoNEAR LogoEthereum Logo
$8,994,636,814
$0.9998

US Dollar

Structured Credit+ 4 More

N/A

Non-Regulated

4 - Constrained
657,261
$152,402,623,410
33,961,459
2,786,032
5 Addresses
BSC-USD
$4,280,472,643
$0.9989

US Dollar

9,622,206
$292,302,748,625
243,615,737
35,801,557
USD1 IconUSD1BitGo
USD1
TRON LogoEthereum LogoBNB Chain Logo
$2,321,727,298
$0.9991

US Dollar

All reserve assets are held or maintained by BitGo Trust Company+ 6 More
Crowe LLP
497,355
$19,474,659,660
15,122,028
352,967
3 Addresses
USDtb IconUSDtbPallas Fund
USDtb
Solana LogoEthereum LogoBase LogoArbitrum Logo
$1,449,824,079
$0.9998

US Dollar

US Treasury Debt - BUIDL
British Virgin Islands Flag

British Virgin Islands

513
$1,197,912,482
7,944
372
4 Addresses
First Digital USD IconFirst Digital USDFD121 (BVI) Limited
FDUSD
Solana LogoEthereum LogoBNB Chain Logo
$1,223,943,386
$0.9978

US Dollar

Money Market - RRP+ 2 More
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

4 - Constrained
First Digital Trust
Prescient Assurance LLC.
9,042
$3,587,164,899
147,424
63,242
3 Addresses
PYUSD
Solana LogoEthereum Logo
$1,218,732,030
$0.9996

US Dollar

Money Market - RRP+ 2 More
United States of America Flag

United States of America

New York State, U.S. Virtual Currency Business

NYDFS - New York State Department of Financial Services

BMO Harris Bank N.A.+ 2 More
WithumSmith+Brown
203,870
$6,325,038,336
3,043,408
93,033
2 Addresses
USDD IconUSDDUSDD Protocol
USDD
$745,620,342
$0.9996

US Dollar

CryptocurrenciesStablecoins

Non-Regulated

Huobi Exchange
225
$10,161,491
5,375
135,167
Ripple USD IconRipple USDStandard Custody & Trust Company
RLUSD
XRP Ledger LogoEthereum Logo
$686,476,824
$0.9996

US Dollar

United States of America Flag

United States of America

New York State, U.S. Virtual Currency Business

NYDFS - New York State Department of Financial Services

BPM LLP
4,427
$3,747,376,938
350,707
35,322
2 Addresses
USD0
$579,652,010
$0.9983

US Dollar

Money Market - USYC
France Flag

France

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

3,193
$294,436,786
17,348
11,635
Global Dollar IconGlobal DollarPaxos Digital Singapore
USDG
Solana LogoEthereum Logo
$550,530,959
$0.9995

US Dollar

US Treasury Debt+ 2 More
Singapore Flag

Singapore

6,211
$3,734,187,012
1,605,422
3,552
2 Addresses
GHO IconGHOAave
GHO
$338,286,726
$0.9990

US Dollar

US Treasury Debt - TokenizedCryptocurrencies

N/A

Non-Regulated

BNY Mellon Pershing
4,412
$3,833,023,451
52,133
6,439
BSC-BUSD
$309,817,441
$0.9981

US Dollar

45,582
$159,940,082
2,523,739
6,175,433
FRAX IconFRAXFrax Finance
FRAX
NEAR LogoEthereum Logo
$301,860,691
$0.9984

US Dollar

Money Market - Fund+ 4 More

N/A

Non-Regulated

5 - Weak
Lead Bank
832
$518,139,282
30,394
17,029
2 Addresses
OpenEden OpenDollar IconOpenEden OpenDollarOpenEden Digital
USDO
Ethereum LogoBase Logo
$291,717,423
$0.9987

US Dollar

Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

Agio iconAgio
247
$55,567,973
1,180
170
2 Addresses
EURC IconEURCCircle
EURC
Stellar LogoSolana LogoEthereum LogoBase LogoAvalanche Logo
$267,678,201
$1.1614

Euro

Bank Deposits - EUR
United States of America Flag

United States of America

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

2 - Strong
The Bank of New York Mellon
Deloitte
103,856
$1,941,958,426
1,347,361
49,807
5 Addresses
M IconMM0
M
Plume LogoEthereum Logo
$255,635,956
$1.0000

US Dollar

N/A

35
$464,032,837
528
61
2 Addresses
deUSD
Plume LogoEthereum LogoAvalanche Logo
$202,472,708
$0.9994

US Dollar

Stablecoins - sDAI+ 3 More
British Virgin Islands Flag

British Virgin Islands

Ceffu Copper Clearloop
3,181
$405,730,837
47,249
6,808
4 Addresses
AUSD IconAUSDAgora
AUSD
Solana LogoPolygon LogoMantle LogoEthereum LogoAvalanche Logo
$138,204,174
$0.9990

US Dollar

Bank Deposits - USD+ 2 More
British Virgin Islands Flag

British Virgin Islands

State Street
5,799
$1,169,226,334
413,958
46,423
5 Addresses
USDz
Manta Pacific LogoEthereum LogoBlast LogoBase Logo
$120,283,471
$0.9870

US Dollar

Private Credit - sPCT
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

34
$2,042,061
125
1,175
4 Addresses
Avant USD IconAvant USDAvant Technology Foundation
avUSD
$95,260,684
$0.9990

US Dollar

459
$90,221,269
34,937
881
USDP
Solana LogoEthereum Logo
$66,928,684
$0.9996

US Dollar

US Treasury Debt+ 2 More
United States of America Flag

United States of America

New York State, U.S. Virtual Currency Business

NYDFS - New York State Department of Financial Services

2 - Strong
BMO Harris Bank N.A.+ 4 More
WithumSmith+Brown
3,358
$165,233,648
48,580
273,338
2 Addresses
BUSD
$54,934,800
$0.9983

US Dollar

US Treasury Debt+ 2 More
United States of America Flag

United States of America

New York State, U.S. Virtual Currency Business

NYDFS - New York State Department of Financial Services

BMO Harris Bank N.A.+ 4 More
WithumSmith+Brown
31,011
$7,509,653
31,129
125,360
Anchored Coins EUR IconAnchored Coins EURAnchored Coins
AEUR
Ethereum LogoBNB Chain Logo
$53,010,633
$1.1178

Euro

Switzerland Flag

Switzerland

11
$5,994,886
73
160
2 Addresses
EUR CoinVertible IconEUR CoinVertibleSociete Generale
EURCV
$50,423,352
$1.1614

Euro

Bank Deposits - EUR
France Flag

France

France Digital Asset Service Provider (DASP) under PACTE Law

AMF - French Autorité des Marchés Financiers

3 - Adequate
32
$70,646,343
151
56
lvlUSD
$45,171,289
$0.9996

US Dollar

United States of America Flag

United States of America

944
$145,737,670
6,174
1,351
Liquity LUSD IconLiquity LUSDLiquity Protocol
LUSD
$38,766,531
$1.0027

US Dollar

Cryptocurrencies - ETH

N/A

Non-Regulated

559
$19,416,433
3,536
12,115
Synthetix sUSD IconSynthetix sUSDSynthentix Protocol Governed by Synthetix DAO
sUSD
$36,727,869
$0.9965

US Dollar

Cryptocurrencies - SNX

N/A

Non-Regulated

671
$20,100,859,162
10,204
19,889
Plume USD IconPlume USDNucleus
pUSD
$29,280,324
$0.9989

US Dollar

57,646
$827,972,986
5,413,274
80,054
AGEUR
$19,780,474
$1.1553

Euro

Corporate Bonds+ 2 More

N/A

Non-Regulated

WithumSmith+Brown
205
$27,616,191
5,139
2,953
Mountain USD IconMountain USDMountain Protocol
USDM
ZKsync Era LogoPolygon LogoOptimism LogoEthereum LogoBase LogoAvalanche LogoArbitrum Logo
$17,261,198
$0.9991

US Dollar

Public Equity - Treasury ETF+ 4 More
Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

3 - Adequate
Nephos Group
220
$11,026,686
1,230
9,420
7 Addresses
XSGD
Ethereum LogoAvalanche Logo
$15,743,015
$0.7743

Singapore Dollar

non-US Government Debt - Singaporean Treasury BillsBank Deposits - SGD
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
128
$0
0
3,635
2 Addresses
GUSD
$15,409,149
$0.9995

US Dollar

Money Market - Fund+ 2 More
United States of America Flag

United States of America

New York State, U.S. Virtual Currency Business

NYDFS - New York State Department of Financial Services

2 - Strong
State Street Bank and Trust Company+ 2 More
BPM LLP
622
$97,364,181
2,811
21,639
EURS
XDC LogoEthereum Logo
$10,684,969
$1.1601

Euro

Bank Deposits - EUR
Malta Flag

Malta

Malta Virtual Financial Assets (VFA) Framework

MFSA - Malta Financial Services Authority

EXT LTD+ 2 More
BDO Malta
245
$8,814,757
1,906
6,074
2 Addresses
Tether EURt IconTether EURtTether Holdings
EURT
$10,541,502
$1.1531

Euro

Money Market - RRP+ 6 More
British Virgin Islands Flag

British Virgin Islands

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

Deltec Bank & Trust (Bahamas)+ 4 More
BDO Italia
296
$3,931,943
1,477
2,131
Bean IconBeanBeanstalk Protocol Governed by Beanstalk DAO
BEAN
$9,750,680
$0.2918

US Dollar

Cryptocurrencies - "Pods" Beanstalk Debt

Non-Regulated

5
$21
6
237
Quantoz USDQ IconQuantoz USDQQuantoz Payments
USDQ
$6,758,875
$0.9996

US Dollar

Netherlands Flag

Netherlands

134
$1,516,491
2,254
192
GMO JPY IconGMO JPYGMO Trust
GYEN
Stellar LogoSolana LogoEthereum Logo
$6,181,387
$0.0057

Japanese Yen

Bank Deposits - JPY
United States of America Flag

United States of America

New York State, U.S. Virtual Currency Business

NYDFS - New York State Department of Financial Services

BankProv+ 2 More
WithumSmith+Brown
154
$2,107,881
707
11,539
3 Addresses
Quantoz EURQ IconQuantoz EURQQuantoz Payments
EURQ
$4,187,205
$1.1637

Euro

Netherlands Flag

Netherlands

119
$4,485,259
508
177
RupiahToken IconRupiahTokenPT Rupiah Token Indonesia
IDRT
Polygon LogoEthereum LogoBNB Chain Logo
$3,599,385
$0

Indonesian Rupiah

Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
97
$813,593
390
11,442
3 Addresses
EURØP IconEURØPSchuman Financial
EURØP
XRP Ledger LogoPolygon LogoEthereum LogoAvalanche Logo
$3,503,103
$1.1606

Euro

Switzerland Flag

Switzerland

KPMG
41
$4,605,713
3,228
92
4 Addresses
TRYB
$2,698,580
$0.0244

Turkish Lira

Bank Deposits - TRY
Turkey Flag

Turkey

Non-Regulated

BiLira Teknoloji A.Ş.
Corpus Denetim ve Yeminili Mali Musavirlik AS
37
$600,442,464
816
889
Forte AUD IconForte AUDForte Securities Australia Pty Limited
AUDF
Polygon LogoEthereum LogoAvalanche Logo
$2,585,882
$0.6269

Australian Dollar

Bank Deposits - AUD
Australia Flag

Australia

Australian Financial Services License

ASIC - Australian Securities & Investments Commission

MVA Bennett
29
$200,893,923
1,071
101
3 Addresses
BRZ
$2,546,575
$0.1819

Brazilian Real

Bank Deposits - BRL+ 3 More
Switzerland Flag

Switzerland

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
11
$1,609,140
65
282
AUDD
Stellar LogoEthereum Logo
$2,447,631
$0.6374

Australian Dollar

non-US Government Debt - Australian Treasury NotesBank Deposits - AUD
Australia Flag

Australia

Australian Digital Currency Exchange

AUSTRAC - Australian Transaction Reports and Analysis Centre

William Buck Australia
52
$2,644,938
285
621
2 Addresses
Tether CNHt IconTether CNHtTether Holdings
CNHT
TRON LogoEthereum Logo
$2,216,321
$0.1081

Chinese Yuan

Money Market - Fund+ 6 More
British Virgin Islands Flag

British Virgin Islands

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

Deltec Bank & Trust (Bahamas)+ 4 More
BDO Italia
3
$0
0
56
2 Addresses
Tether MXNt IconTether MXNtTether Holdings
MXNT
$1,900,000
$0.0950

Mexican Peso

Money Market - Fund+ 6 More
British Virgin Islands Flag

British Virgin Islands

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

Deltec Bank & Trust (Bahamas)+ 4 More
BDO Italia
1
$0
0
4
Fathom Dollar IconFathom DollarFathom DAO
FXD
$1,553,411
$0.6999

US Dollar

Cryptocurrencies - XDC

N/A

Non-Regulated

53
$423,272
6,186
748
Z.com USD IconZ.com USDGMO Trust
ZUSD
Stellar LogoSolana LogoEthereum Logo
$940,131
$0.8128

US Dollar

US Treasury DebtBank Deposits - USD
United States of America Flag

United States of America

New York State, U.S. Virtual Currency Business

NYDFS - New York State Department of Financial Services

BankProv+ 2 More
18
$15,703,386
28
662
3 Addresses
Synthetix sEUR IconSynthetix sEURSynthentix Protocol Governed by Synthetix DAO
sEUR
$781,955
$0.7859

Euro

Cryptocurrencies - SNX

N/A

Non-Regulated

18
$22,304
80
797
MXNB - Mexican Peso Stablecoin IconMXNB - Mexican Peso StablecoinJuno (a Bitso company)
MXNB
Ethereum LogoAvalanche LogoArbitrum Logo
$719,121
$0.0488

Mexican Peso

Mexico Flag

Mexico

BDO
125
$6,821,075
12,776
213
3 Addresses
USDGLO
$535,278
$1.0012

US Dollar

US Treasury DebtBank Deposits - USD
United States of America Flag

United States of America

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

Abdo Solutions
14
$20,304
19
156
Alloy USDT IconAlloy USDTTether Holdings
aUSDT
$524,030
$0.9997

US Dollar

Commodities - XAUT
British Virgin Islands Flag

British Virgin Islands

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

Swiss Custodian (undisclosed)
BDO Italia
7
$235,688
10
35
VCHF
$427,659
$1.2398

Swiss Franc

Commodities - Gold
Liechtenstein Flag

Liechtenstein

Liechtenstein Blockchain Act

FMA - Liechtenstein Financial Market Authority

Philoro Edelmetallhandel AG
AREVA AG
14
$127,569
32
48
EUROe IconEUROeMembrane Finance
EUROe
Solana LogoEthereum Logo
$262,971
$1.1669

Euro

Bank Deposits - EUR
Finland Flag

Finland

Finland Electronic Money Institution (EMI)

FSA - Finish Financial Supervisory Authority

Bank Frick
KPMG
34
$11,083
15
1,596
2 Addresses
XIDR
$122,792
$0

Indonesian Rupiah

Bank Deposits - IDR
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
1
$0
0
196
Open Money USD IconOpen Money USDOpen Money DAO
omUSD
$112,724
$0.9992

US Dollar

5
$215
11
65
Poundtoken IconPoundtokenBlackfridge SC Limited
1GBP
$60,271
$1.3172

Great British Pound

Bank Deposits - GPT
Isle of Man Flag

Isle of Man

Isle of Man Money Transmission Services License

IMFSA - Isle of Man Financial Services Authority

Digivault
KPMG
1
$0
0
147
Verified USD IconVerified USDVerified USD
USDV
$44,128
$0.2899

US Dollar

British Virgin Islands Flag

British Virgin Islands

Singapore Securities and Futures Act Section 275 Exemption

MAS - Monetary Authority of Singapore

7
$312
13
257