Asset Classes
Participants
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
$236.68B
▲+2.61%from 30d ago
Monthly Transfer Volume
$2.79T
▲+35.43%from 30d ago
Monthly Active Addresses
29.95M
▲+26.31%from 30d ago
Holders
165.78M
▲+2.92%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 06/05/2025
Top Entities
# | Issuer | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 19 | $150,985.8M | ▲2.81% | 63.79% ▲ |
2 |  Circle | 28 | $59,433.2M | ▲0.08% | 25.11% ▼ |
3 |  Sky | 4 | $7,586.5M | ▲3.94% | 3.21% ▲ |
4 |  Ethena | 2 | $5,917.1M | ▲23.61% | 2.50% ▲ |
5 |  Binance | 2 | $4,596.4M | ▼0.20% | 1.94% ▼ |
6 |  First Digital Labs | 3 | $1,580.8M | ▲3.01% | 0.67% ▲ |
7 |  Pallas Fund | 4 | $1,455.5M | ▲1.15% | 0.61% ▼ |
8 |  Paxos | 5 | $1,115.9M | ▲10.13% | 0.47% ▲ |
9 |  USDD Protocol | 1 | $745.3M | ▼0.65% | 0.31% ▼ |
10 | Usual | 1 | $635.9M | ▼2.24% | 0.27% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 06/05/2025
Stablecoins
55 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 | Protocol | 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 | Protocol | 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 |           | $150,970,839,902 ▲ | $1.0005 ▲ | 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 | 13,539,742 ▲ | $1,084,302,674,569 ▲ | 265,806,883 ▲ | 100,808,359 ▲ | 14 Addresses | |||||
 USDCCircle | USDC |        | $59,199,385,573 ▲ | $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 | 6,210,556 ▲ | $1,002,935,287,831 ▲ | 313,749,623 ▲ | 24,186,099 ▲ | 23 Addresses | |||||
| USDSSky | USDS | | $7,586,473,259 ▲ | $1.0000 ▲ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 44,848 ▼ | $295,023,823,038 ▲ | 2,558,605 ▼ | 671,760 ▲ | 4 Addresses | ||||
 Ethena USDeEthena | USDe | | $5,917,114,353 ▲ | $1.0012 ▲ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | 5 - Weak | — | — | — | — | — | — | 14,486 ▼ | $14,420,682,631 ▲ | 137,371 ▼ | 33,288 ▲ | 2 Addresses | |
 Binance-Peg USDBinance | BSC-USD | $4,286,182,558 ▲ | $1.0003 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 9,962,447 ▲ | $375,488,278,481 ▲ | 318,306,357 ▲ | 32,878,316 ▲ | |||
 First Digital USDFirst Digital Labs | FDUSD | | $1,580,758,189 ▲ | $0.9983 ▲ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 8,020 ▼ | $3,143,381,571 ▼ | 281,846 ▼ | 57,623 ▲ | 3 Addresses | |||||
 USDtbPallas Fund | USDtb | | $1,455,521,796 ▲ | $1.0004 ▲ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 92 ▲ | $129,192,289 ▼ | 651 ▲ | 138 ▲ | 4 Addresses | ||
 Paypal USDPaxos | PYUSD | | $985,335,213 ▲ | $0.9996 ▲ | 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 | 44,005 ▲ | $3,987,473,303 ▲ | 2,530,104 ▲ | 66,809 ▲ | 2 Addresses | |||||
 USDDUSDD Protocol | USDD | $745,300,590 ▼ | $1.0005 ▲ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 469 ▼ | $385,920,226 ▼ | 14,982 ▲ | 135,165 ▲ | |||||||
 Usual USDUsual | USD0 | $635,916,483 ▼ | $0.9976 ▼ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 3,164 ▼ | $782,038,016 ▼ | 28,101 ▼ | 13,239 ▼ | ||||||
 Ripple USDStandard Custody & Trust Company | RLUSD |  | $336,213,515 ▲ | $0.9999 ▲ | US Dollar | — | United States of America | New York State, U.S. Virtual Currency Business NYDFS - New York State Department of Financial Services | — | — | — | BPM LLP | 2,754 ▼ | $1,651,647,401 ▲ | 240,279 ▼ | 31,982 ▲ | 2 Addresses | ||||
 FRAXFrax Finance | FRAX | | $320,229,195 ▼ | $0.9997 ▼ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 1,002 ▼ | $430,344,083 ▲ | 24,790 ▼ | 16,812 ▼ | 2 Addresses | ||||
 Global DollarPaxos Digital Singapore | USDG | | $318,058,801 ▲ | $1.0001 ▲ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 6,050 ▲ | $1,395,630,813 ▲ | 884,549 ▲ | 1,665 ▲ | 2 Addresses | ||
 Binance-Peg BUSDBinance | BSC-BUSD | $310,171,284 ▼ | $0.9992 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 52,471 ▲ | $281,188,858 ▲ | 4,250,779 ▲ | 6,232,057 ▼ | |||
 OpenEden OpenDollarOpenEden Digital | USDO | | $248,625,109 ▲ | $1.0005 ▼ | US Dollar | — |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | — | — | — | Harris And Trotter | — | 172 ▲ | $124,205,698 ▼ | 869 ▼ | 100 ▲ | 2 Addresses | |||
 Elixir deUSDElixir | deUSD | | $244,728,464 ▲ | $1.0002 ▲ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 2,060 ▼ | $807,263,166 ▲ | 29,078 ▲ | 5,055 ▲ | 3 Addresses | |||
 MM0 | M | $240,762,145 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | — | — | 26 ▲ | $192,763,097 ▲ | 354 ▲ | 53 ▲ | |||
 EURCCircle | EURC | | $233,850,700 ▼ | $1.1380 ▲ | Euro | Bank Deposits - EUR | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | 2 - Strong | — | The Bank of New York Mellon | Deloitte | 19,397 ▼ | $2,190,022,093 ▼ | 931,125 ▼ | 59,459 ▲ | 5 Addresses | ||||
 GHOAave | GHO | $227,579,642 ▼ | $0.9992 ▼ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 2,619 ▼ | $1,596,941,867 ▼ | 29,819 ▼ | 4,957 ▲ | ||||||
 Anzen USDzAnzen | USDz |   | $122,700,317 ▲ | $0.9942 ▲ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 39 ▼ | $2,434,709 ▼ | 109 ▼ | 1,150 ▲ | 4 Addresses | |||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $95,636,888 ▲ | $1.0003 ▼ | US Dollar | Corporate Bonds+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 165 ▼ | $479,660,269 ▲ | 3,565 ▲ | 200 ▲ | ||||||
 AUSDAgora | AUSD |  | $80,843,069 ▼ | $0.9990 ▼ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 8,653 ▲ | $1,192,378,869 ▲ | 827,897 ▲ | 42,835 ▲ | 4 Addresses | |||
 Pax DollarPaxos | USDP | | $73,219,499 ▲ | $0.9999 ▼ | 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 | 20,906 ▼ | $161,378,769 ▲ | 101,543 ▼ | 273,013 ▲ | 2 Addresses | |||||
 Avant USDAvant Technology Foundation | avUSD | $60,369,408 ▲ | $0.9984 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 313 ▼ | $128,640,815 ▲ | 58,970 ▲ | 839 ▲ | |||
 Anchored Coins EURAnchored Coins | AEUR | | $57,868,629 ▼ | $1.0241 ▼ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 3 ▼ | $738 ▲ | 10 ▲ | 156 ▲ | 2 Addresses | |
 Binance USDPaxos | BUSD | $57,309,654 ▲ | $0.9916 ▲ | 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 | 890 ▼ | $3,087,813 ▼ | 3,073 ▼ | 150,387 ▼ | ||||||
 EUR CoinVertibleSociete Generale | EURCV | $47,773,390 ▲ | $1.1427 ▲ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | 3 - Adequate | — | — | — | 46 ▲ | $3,266,919 ▲ | 164 ▲ | 54 ▲ | ||||||
 Liquity LUSDLiquity Protocol | LUSD | $41,246,697 ▼ | $0.9982 ▼ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 642 ▲ | $29,015,539 ▼ | 3,337 ▼ | 11,882 ▲ | |||||||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $29,131,506 ▲ | $0.9641 ▲ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 599 ▼ | $56,872,368 ▲ | 8,382 ▼ | 19,920 ▲ | ||||
 BiLira Turkish LiraBiLira | TRYB | $26,135,841 △ | $0.0255 ▼ | Turkish Lira | Bank Deposits - TRY |  Turkey | Non-Regulated | — | — | — | BiLira Teknoloji A.Ş. | Corpus Denetim ve Yeminili Mali Musavirlik AS | 36 ▼ | $1,409,379,520 ▲ | 949 ▲ | 899 ▲ | |||||
 Mountain USDMountain Protocol | USDM | | $22,330,488 ▼ | $0.9989 ▼ | US Dollar | Public Equity - Treasury ETF+ 4 More | Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 4,287 ▲ | $114,624,235 ▲ | 59,848 ▲ | 12,031 ▲ | 7 Addresses | |||||
 Angle EuroAngle | AGEUR | $22,197,923 ▲ | $1.1333 ▲ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 199 ▼ | $32,573,382 ▼ | 3,657 ▼ | 2,938 ▲ | ||||||
 Z.com USDGMO Trust | ZUSD | | $15,982,314 ▲ | $0.8449 ▲ | 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 | — | 46 ▼ | $28,224 ▼ | 110 ▼ | 652 ▼ | 3 Addresses | ||||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | | $15,757,701 ▼ | $0.7750 ▲ | Singapore Dollar | non-US Government Debt - Singaporean Treasury BillsBank Deposits - SGD | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | KK Yap & Associates | 128 △ | $0 △ | 0 △ | 3,635 △ | 2 Addresses | |||||
 Gemini DollarGemini | GUSD | $13,082,000 ▼ | $1.0001 ▲ | 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 | 583 ▼ | $175,970,486 ▲ | 2,742 ▲ | 21,832 ▲ | |||||||
 Stasis EuroStasis | EURS |  | $10,918,469 ▼ | $1.1444 ▲ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 198 ▼ | $7,637,758 ▲ | 2,065 ▼ | 6,068 ▲ | 2 Addresses | ||
 Tether EURtTether Holdings | EURT | $10,602,080 ▼ | $1.1279 ▲ | 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 | 277 ▲ | $28,095,760 ▼ | 1,589 ▼ | 1,965 ▲ | |||||||
 GMO JPYGMO Trust | GYEN | | $7,878,793 ▼ | $0.0054 ▼ | 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 | 156 ▼ | $1,422,980 ▼ | 700 ▼ | 11,204 ▲ | 3 Addresses | ||||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $7,823,987 ▲ | $0.2342 ▲ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 2 ▼ | $14 ▲ | 4 △ | 237 ▼ | ||||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,874,736 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 120 ▲ | $1,081,141 ▲ | 423 ▼ | 11,276 ▲ | 3 Addresses | ||
 Tether CNHtTether Holdings | CNHT | | $2,852,982 ▲ | $0.1391 ▲ | 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 | 3 ▼ | $10 ▼ | 2 ▼ | 56 ▼ | 2 Addresses | ||||
 Forte AUDForte Securities Australia Pty Limited | AUDF | | $2,585,882 ▼ | $0.6269 ▼ | Australian Dollar | Bank Deposits - AUD |  Australia | Australian Financial Services License ASIC - Australian Securities & Investments Commission | — | — | — | — | — | MVA Bennett | 32 ▼ | $235,234,389 ▼ | 1,934 ▼ | 97 △ | 3 Addresses | ||
 Transfero: BRZTransfero | BRZ | $2,464,168 ▲ | $0.1760 ▲ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 18 ▼ | $144,301 ▼ | 80 ▼ | 272 △ | |||||
| Fathom DollarFathom DAO | FXD | $1,843,703 ▼ | $1.0003 ▲ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 91 ▼ | $4,274,540 ▲ | 8,924 ▼ | 726 ▼ | ||||
 Tether MXNtTether Holdings | MXNT | $1,132,318 ▲ | $0.0566 ▲ | 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 △ | $525,131 ▲ | 1 ▼ | 4 △ | ||||||
 Synthetix sEURSynthentix Protocol Governed by Synthetix DAO | sEUR | $722,864 ▲ | $0.7265 ▲ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 17 ▲ | $176,814 ▲ | 269 ▼ | 794 ▼ | |||
 Glo DollarBrale | USDGLO | $535,472 ▲ | $1.0003 ▲ | US Dollar | US Treasury DebtBank Deposits - USD | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Abdo Solutions | 19 ▲ | $68,762 ▲ | 45 ▲ | 149 ▼ | ||||||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $408,356 ▲ | $0.6384 ▲ | 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 | 37 ▲ | $185,419 ▲ | 246 ▼ | 565 ▲ | 2 Addresses | ||
 Alloy USDTTether Holdings | aUSDT | $396,366 ▲ | $1.0004 ▲ | US Dollar | Commodities - XAUT | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Swiss Custodian (undisclosed) | BDO Italia | 8 ▼ | $426,576 ▲ | 10 ▼ | 34 ▲ | |||||
 EUROeMembrane Finance | EUROe | | $316,644 ▲ | $1.1378 ▲ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 33 ▼ | $2,446 ▲ | 7 ▼ | 1,596 △ | 2 Addresses | ||||
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $121,206 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | — | — | KK Yap & Associates | — | 1 △ | $0 ▼ | 0 ▼ | 195 △ | ||||
 Open Money USDOpen Money DAO | omUSD | $112,798 ▲ | $0.9999 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | 5 ▼ | $44 ▼ | 7 ▼ | 66 ▼ | ||||
VCHF | $103,833 ▲ | $1.2171 ▲ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 12 ▲ | $213,324 ▲ | 24 ▲ | 45 △ | |||||||
 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 | 1 ▼ | $0 ▼ | 0 ▼ | 146 △ | |||||
 Verified USDVerified USD | USDV | $28,138 ▼ | $0.1909 ▼ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 12 ▼ | $10,445 ▼ | 19 ▼ | 256 ▼ |
RWA.xyzAll Rights Reserved