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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
$220.45B
▲+3.17%from 30d ago
% of M2 Money Supply
1.05%
▲+3.17%from 30d ago
Monthly Transfer Volume
$2.20T
▼36.61%from 30d ago
Monthly Active Addresses
25.38M
▼3.62%from 30d ago
Holders
150.91M
▲+3.24%from 30d ago
Stablecoin Metrics
Market Caps shows the scale and power law distribution between all stablecoin issuers.
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Market Caps
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as of 03/01/2025
Top Entities
# | Issuer | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 18 | $141,097.19M | ▲1.84% | 64.00% ▼ |
2 |  Circle | 26 | $55,120.95M | ▲6.00% | 25.00% ▲ |
3 |  Sky | 3 | $7,423.23M | ▲22.07% | 3.37% ▲ |
4 |  Ethena | 2 | $5,729.68M | ▼3.55% | 2.60% ▼ |
5 |  Binance | 2 | $4,599.01M | ▼1.09% | 2.09% ▼ |
6 |  First Digital Labs | 2 | $1,801.04M | ▼2.16% | 0.82% ▼ |
7 |  Usual | 1 | $1,088.84M | ▼9.12% | 0.49% ▼ |
8 |  Paxos | 5 | $903.01M | ▲34.30% | 0.41% ▲ |
9 |  USDD Protocol | 1 | $728.28M | ▼1.61% | 0.33% ▼ |
10 |  Frax Finance | 2 | $500.48M | ▼23.23% | 0.23% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 03/01/2025
Stablecoins
53 TotalExpand rows to view different networks supported by each stablecoin product.
📣 We now support asset reserves data for stablecoins. Learn more here.
Expand rows to view different networks supported by each stablecoin product.
Network
Pegged Asset
Is Yield Bearing?
Name | Ticker | Networks | Market Cap | Price | Pegged Currency | Underlying Assets Login to Unlock | Domicile Login to Unlock | License or Regulatory Framework Login to Unlock | S&P Stability Assessment Login to Unlock | Rating by Bluechip | Account Segregation Login to Unlock | Bankruptcy Remote Login to Unlock | Custodians Login to Unlock | Auditor Login to Unlock | Transparency Login to Unlock | Monthly Active Addresses Login to Unlock | Monthly Transfer Volume Login to Unlock | Monthly Transfer Count Login to Unlock | Holders Login to Unlock | Contract Address Login to Unlock |
|---|
Name | Ticker | Networks | Market Cap | Price | Pegged Currency | Underlying Assets Login to Unlock | Domicile Login to Unlock | License or Regulatory Framework Login to Unlock | S&P Stability Assessment Login to Unlock | Rating by Bluechip | Account Segregation Login to Unlock | Bankruptcy Remote Login to Unlock | Custodians Login to Unlock | Auditor Login to Unlock | Transparency Login to Unlock | Monthly Active Addresses Login to Unlock | Monthly Transfer Volume Login to Unlock | Monthly Transfer Count Login to Unlock | Holders Login to Unlock | Contract Address Login to Unlock |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Tether USDtTether Holdings | USDT |          | $141,059,398,446 ▲ | $0.9991 ▼ | US Dollar | Money Market - Fund+ 6 More |  British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | 4 - Constrained | Cantor Fitzgerald+ 6 More | BDO Italia | 12,577,495 ▼ | $966,909,330,767 ▼ | 169,645,240 ▼ | 91,905,248 ▲ | 13 Addresses | ||||
 USDCCircle | USDC |        | $55,013,638,866 ▲ | $0.9998 ▼ | US Dollar | Money Market - Fund+ 3 More |  United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | 2 - Strong | The Bank of New York Mellon | Deloitte | 5,177,707 ▼ | $921,600,482,560 ▼ | 207,890,364 ▼ | 21,709,757 ▲ | 22 Addresses | ||||
| USDSSky | USDS | | $7,423,225,995 ▲ | $0.9996 ▲ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 38,301 ▲ | $158,896,004,851 ▲ | 375,285 ▲ | 653,283 ▲ | 3 Addresses | |||
 Ethena USDeEthena | USDe | | $5,729,684,919 ▼ | $0.9990 ▲ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | — | — | — | — | 26,404 ▲ | $12,047,464,856 ▲ | 202,761 ▲ | 27,751 ▲ | 2 Addresses |
 Binance-Peg USDBinance | BSC-USD | $4,277,530,097 ▼ | $0.9983 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 7,356,401 ▲ | $121,842,129,952 ▼ | 57,994,068 ▼ | 29,638,555 ▲ | ||
 First Digital USDFirst Digital Labs | FDUSD | | $1,801,041,489 ▼ | $1.0022 ▲ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 4,616 ▼ | $4,499,056,171 ▼ | 147,217 ▲ | 51,356 ▲ | 2 Addresses | ||||
 Usual USDUsual | USD0 | $1,088,835,304 ▼ | $0.9976 ▲ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 4,476 ▲ | $1,130,348,194 ▼ | 48,779 ▲ | 14,185 ▲ | |||||
 Paypal USDPaxos | PYUSD | | $762,007,169 ▲ | $1.0001 ▲ | US Dollar | Money Market - RRP+ 2 More | 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 | 34,411 ▼ | $4,665,786,207 ▲ | 1,497,840 ▼ | 52,707 ▲ | 2 Addresses | ||||
 USDDUSDD Protocol | USDD | $728,275,185 ▼ | $0.9992 ▼ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 1,399 ▲ | $601,341,986 ▲ | 23,215 ▼ | 134,913 ▼ | ||||||
 FRAXFrax Finance | FRAX | | $500,482,893 ▼ | $0.9963 ▲ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 1,211 ▼ | $907,950,587 ▲ | 205,028 ▲ | 16,405 ▲ | 2 Addresses | |||
 Binance-Peg BUSDBinance | BSC-BUSD | $321,482,068 ▼ | $1.0002 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 53,961 ▼ | $685,478,260 ▲ | 2,778,016 ▲ | 6,227,940 ▲ | ||
 Elixir deUSDElixir | deUSD | $288,714,601 ▲ | $1.0002 ▲ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 7,574 ▼ | $624,999,284 ▼ | 38,297 ▼ | 2,677 ▲ | ||||
 GHOAave | GHO | $206,976,446 ▲ | $0.9991 ▲ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 2,424 ▲ | $1,232,993,043 ▲ | 28,727 ▲ | 3,301 ▲ | |||||
 Ripple USDStandard Custody & Trust Company | RLUSD | $123,913,722 ▲ | $1.0002 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 2,910 ▲ | $597,278,234 ▲ | 326,768 ▲ | 5,922 ▲ | 2 Addresses | |
 Global DollarPaxos Digital Singapore | USDG | $117,551,338 ▲ | $1.0000 ▼ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 42 ▲ | $150,154,289 ▲ | 145 ▲ | 67 ▲ | |||
 EURCCircle | EURC | | $107,311,858 ▲ | $1.0401 ▼ | Euro | Bank Deposits - EUR | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | The Bank of New York Mellon | Deloitte | 1,284 ▲ | $614,627,855 ▲ | 19,945 ▲ | 12,067 ▲ | 4 Addresses | |||
 MM^0 | M | $105,856,591 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | — | — | 22 ▲ | $14,154,759 ▼ | 67 ▲ | 33 ▲ | ||
 Anzen USDzAnzen | USDz |   | $102,531,913 ▲ | $0.9758 ▼ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 66 ▼ | $8,037,013 ▲ | 224 ▼ | 1,042 ▲ | 4 Addresses | ||
 USDtbPallas Fund | USDtb | | $90,162,427 ▲ | $1.0000 ▲ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 33 ▲ | $3,812,785 ▲ | 236 ▲ | 56 ▲ | 4 Addresses | |
 Pax DollarPaxos | USDP | | $80,590,732 ▲ | $1.0002 ▲ | US Dollar | US Treasury Debt+ 2 More | 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 | 70,339 ▲ | $113,306,883 ▼ | 150,287 ▲ | 182,718 ▲ | 2 Addresses | ||||
 Binance USDPaxos | BUSD | $60,415,329 ▲ | $0.9988 ▲ | US Dollar | US Treasury Debt+ 2 More | 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 | 2,596 ▲ | $6,432,178 ▲ | 5,588 ▲ | 151,049 ▼ | |||||
 Anchored Coins EURAnchored Coins | AEUR | | $56,732,907 ▲ | $1.0040 ▼ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 8 ▲ | $6,972 ▲ | 9 ▲ | 149 ▲ | 2 Addresses |
 Liquity LUSDLiquity Protocol | LUSD | $53,599,962 ▼ | $0.9998 ▲ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 902 ▲ | $87,256,049 ▲ | 5,048 ▲ | 11,787 ▲ | ||||||
 Mountain USDMountain Protocol | USDM | | $52,488,829 ▼ | $0.9998 ▲ | US Dollar | Public Equity - Treasury ETF+ 4 More |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 3,987 ▼ | $150,522,360 ▲ | 23,827 ▼ | 5,859 ▲ | 6 Addresses | ||||
 AUSDAgora | AUSD |  | $49,526,174 ▲ | $0.9993 ▼ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 7,785 ▲ | $1,221,307,645 ▼ | 271,511 ▼ | 17,391 ▼ | 3 Addresses | ||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $47,965,054 ▼ | $1.0001 ▲ | US Dollar | Corporate Bonds+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 141 ▲ | $429,351,800 ▲ | 661 ▲ | 150 ▲ | |||||
 EUR CoinVertibleSociete Generale | EURCV | $43,245,231 ▲ | $1.0505 ▲ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | — | — | — | — | 15 ▲ | $811,533 ▼ | 80 ▲ | 44 ▲ | |||||
 Tether EURtTether Holdings | EURT | $30,531,911 ▼ | $1.0374 ▼ | Euro | Money Market - Fund+ 6 More | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | Deltec Bank & Trust (Bahamas)+ 4 More | BDO Italia | 304 ▲ | $8,791,391 ▲ | 1,423 ▲ | 1,827 ▼ | ||||||
 Angle EuroAngle | AGEUR | $19,195,743 ▼ | $1.0424 ▼ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 193 ▲ | $21,072,047 ▲ | 3,187 ▲ | 2,912 ▲ | |||||
 BiLira Turkish LiraBiLira | TRYB | $14,126,266 ▲ | $0.0275 ▼ | Turkish Lira | Bank Deposits - TRY |  Turkey | Non-Regulated | — | — | — | BiLira Teknoloji A.Ş. | Corpus Denetim ve Yeminili Mali Musavirlik AS | 56 ▲ | $1,192,938,226 ▲ | 1,184 ▲ | 864 ▲ | ||||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $13,151,116 ▲ | $0.9858 ▲ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 559 ▲ | $61,547,273 ▲ | 4,888 ▲ | 19,809 ▲ | |||
 Z.com USDGMO Trust | ZUSD | | $13,065,462 ▼ | $0.6907 ▼ | US Dollar | US Treasury DebtBank Deposits - USD | United States of America | New York State, U.S. Virtual Currency Business NYDFS - New York State Department of Financial Services | — | — | BankProv+ 2 More | — | 95 ▲ | $2,355 ▲ | 147 ▲ | 648 ▼ | 3 Addresses | |||
 Stasis EuroStasis | EURS |  | $10,558,613 ▲ | $1.0500 ▲ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 203 ▲ | $6,877,001 ▲ | 9,227 ▼ | 5,990 ▼ | 2 Addresses | |
 GMO JPYGMO Trust | GYEN | | $9,873,382 ▲ | $0.0066 ▼ | Japanese Yen | Bank Deposits - JPY | 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 | 134 ▼ | $692,569 ▲ | 378 ▼ | 11,236 ▲ | 3 Addresses | |||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $9,610,012 ▼ | $0.2876 ▼ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 3 ▼ | $5,237 ▲ | 6 △ | 238 ▲ | |||||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | $9,572,267 ▼ | $0.7416 ▼ | Singapore Dollar | non-US Government Debt - Singaporean Treasury BillsBank Deposits - SGD | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | KK Yap & Associates | 382 ▲ | $28,459,951 ▲ | 2,422 ▲ | 3,164 ▲ | ||||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,867,739 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 81 ▲ | $70,611,870 ▼ | 549 ▼ | 10,871 ▲ | 3 Addresses | |
 Alloy USDTTether Holdings | aUSDT | $3,768,139 ▲ | $1.0010 ▲ | US Dollar | Commodities - XAUT | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Swiss Custodian (undisclosed) | BDO Italia | 16 △ | $548,538 ▼ | 62 ▲ | 32 ▲ | ||||
 Gemini DollarGemini | GUSD | $3,179,657 ▼ | $1.0002 ▲ | US Dollar | Money Market - Fund+ 2 More | 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 | 596 ▼ | $106,873,792 ▼ | 3,312 ▼ | 21,904 ▼ | ||||||
| Fathom DollarFathom DAO | FXD | $2,827,060 ▼ | $1.0003 ▲ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 125 ▼ | $4,326,730 ▼ | 52,527 ▼ | 716 ▲ | |||
 Forte AUDForte Securities Australia Pty Limited | AUDF | | $2,534,631 ▼ | $0.6145 ▼ | Australian Dollar | Bank Deposits - AUD |  Australia | Australian Financial Services License ASIC - Australian Securities & Investments Commission | — | — | — | — | — | MVA Bennett | 79 ▲ | $224,605,687 ▼ | 3,622 ▼ | 81 ▲ | 3 Addresses | |
 Tether CNHtTether Holdings | CNHT | | $2,461,031 ▲ | $0.1200 ▼ | Chinese Yuan | Money Market - Fund+ 6 More | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | Deltec Bank & Trust (Bahamas)+ 4 More | BDO Italia | 4 ▲ | $773 △ | 3 △ | 56 △ | 2 Addresses | |||
 Transfero: BRZTransfero | BRZ | $2,397,524 ▲ | $0.1713 ▲ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 76 ▲ | $818,035 ▲ | 847 ▲ | 264 ▲ | ||||
 Tether MXNtTether Holdings | MXNT | $1,030,496 ▲ | $0.0515 ▲ | Mexican Peso | Money Market - Fund+ 6 More | 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 △ | |||||
 Open Money USDOpen Money DAO | omUSD | $997,046 ▼ | $0.9970 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | 33 ▲ | $170,907 ▲ | 152 ▲ | 76 ▼ | |||
 Synthetix sEURSynthentix Protocol Governed by Synthetix DAO | sEUR | $821,428 ▲ | $0.8256 ▲ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 19 ▲ | $349,582 ▲ | 413 ▲ | 795 ▲ | ||
 Glo DollarBrale | USDGLO | $573,301 ▼ | $1.0004 ▲ | US Dollar | US Treasury DebtBank Deposits - USD | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Abdo Solutions | 19 ▲ | $121,303 ▲ | 80 ▲ | 142 ▲ | |||||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $244,584 ▼ | $0.6280 ▼ | Australian Dollar | non-US Government Debt - Australian Treasury NotesBank Deposits - AUD | Australia | Australian Digital Currency Exchange AUSTRAC - Australian Transaction Reports and Analysis Centre | — | — | — | — | — | William Buck Australia | 31 ▲ | $133,729 ▼ | 282 ▲ | 544 ▲ | 2 Addresses | |
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $119,246 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | — | — | KK Yap & Associates | — | 2 ▲ | $971 △ | 2 △ | 196 ▼ | |||
 Verified USDVerified USD | USDV | $84,327 ▼ | $0.5719 ▲ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 20 ▲ | $1,120 ▼ | 41 ▲ | 253 ▲ | |||||
 EUROeMembrane Finance | EUROe | $72,991 ▼ | $1.0406 ▼ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 20 ▼ | $794,113 ▼ | 128 ▲ | 151 ▲ | |||||
VCHF | $61,062 ▲ | $1.1119 ▼ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 2 △ | $0 ▼ | 0 ▼ | 39 △ | ||||||
 PoundtokenBlackfridge SC Limited | 1GBP | $60,271 △ | $1.3172 △ | Great British Pound | Bank Deposits - GPT |  Isle of Man | Isle of Man Money Transmission Services License IMFSA - Isle of Man Financial Services Authority | — | — | — | Digivault | KPMG | 3 △ | $0 △ | 0 △ | 145 △ |
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