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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
$227.01B
▲+0.83%from 30d ago
Monthly Transfer Volume
$2.09T
▼1%from 30d ago
Monthly Active Addresses
24.44M
▼7.74%from 30d ago
Holders
158.16M
▲+2.81%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 04/18/2025
Top Entities
# | Issuer | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 18 | $143,939.57M | ▲1.20% | 63.41% ▲ |
2 |  Circle | 27 | $58,959.46M | ▲2.70% | 25.97% ▲ |
3 |  Sky | 4 | $7,095.65M | ▼12.59% | 3.13% ▼ |
4 |  Ethena | 2 | $4,889.27M | ▼9.80% | 2.15% ▼ |
5 |  Binance | 2 | $4,604.23M | ▲0.04% | 2.03% ▼ |
6 |  First Digital Labs | 3 | $1,554.46M | ▼18.74% | 0.68% ▼ |
7 |  Pallas Fund | 4 | $1,436.15M | ▲46.20% | 0.63% ▲ |
8 |  Paxos | 5 | $979.44M | ▲7.63% | 0.43% ▲ |
9 |  USDD Protocol | 1 | $745.13M | ▲0.96% | 0.33% ▲ |
10 | Usual | 1 | $707.04M | ▼28.14% | 0.31% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 04/18/2025
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 |          | $143,901,962,599 ▲ | $0.9999 ▼ | 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 | 12,327,788 ▼ | $863,340,663,349 ▼ | 171,180,956 ▲ | 96,184,666 ▲ | 13 Addresses | ||||
 USDCCircle | USDC |        | $58,704,701,889 ▲ | $0.9999 ▲ | 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 | 4,671,109 ▼ | $864,728,147,217 ▲ | 196,998,961 ▼ | 22,719,657 ▲ | 22 Addresses | ||||
| USDSSky | USDS | | $7,095,652,523 ▼ | $1.0004 ▲ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 57,562 ▼ | $245,729,742,399 ▲ | 3,332,188 ▼ | 665,097 ▲ | 4 Addresses | |||
 Ethena USDeEthena | USDe | | $4,889,267,653 ▼ | $0.9989 ▼ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | — | — | — | — | 18,647 ▼ | $14,445,503,705 ▲ | 276,798 ▲ | 31,654 ▲ | 2 Addresses |
 Binance-Peg USDBinance | BSC-USD | $4,284,330,058 ▲ | $0.9998 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 7,192,126 ▼ | $67,129,120,614 ▼ | 56,641,749 ▼ | 31,412,053 ▲ | ||
 First Digital USDFirst Digital Labs | FDUSD | | $1,554,457,381 ▼ | $0.9966 ▼ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 13,274 ▲ | $12,122,703,561 ▲ | 745,639 ▲ | 54,515 ▲ | 3 Addresses | ||||
 USDtbPallas Fund | USDtb | | $1,436,149,692 ▲ | $1.0002 ▲ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 45 ▼ | $317,114,611 ▲ | 233 ▲ | 85 ▲ | 4 Addresses | |
 Paypal USDPaxos | PYUSD | | $845,196,027 ▲ | $0.9997 ▼ | 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 | 39,363 ▲ | $4,875,941,480 ▲ | 1,272,744 ▲ | 60,259 ▲ | 2 Addresses | ||||
 USDDUSDD Protocol | USDD | $745,132,363 ▲ | $1.0003 ▲ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 615 ▼ | $238,282,911 ▼ | 11,976 ▼ | 135,075 ▲ | ||||||
 Usual USDUsual | USD0 | $707,037,366 ▼ | $0.9981 ▲ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 4,377 ▲ | $2,591,314,819 ▲ | 62,138 ▼ | 14,072 ▼ | |||||
 FRAXFrax Finance | FRAX | | $325,289,711 ▼ | $0.9999 ▲ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 1,320 ▲ | $560,416,096 ▼ | 48,433 ▼ | 16,737 ▲ | 2 Addresses | |||
 Binance-Peg BUSDBinance | BSC-BUSD | $319,900,595 ▼ | $0.9953 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 39,152 ▼ | $211,118,593 ▼ | 1,900,090 ▼ | 6,231,460 ▲ | ||
 Ripple USDStandard Custody & Trust Company | RLUSD |  | $293,693,133 ▲ | $1.0000 ▼ | US Dollar | — | United States of America | New York State, U.S. Virtual Currency Business NYDFS - New York State Department of Financial Services | — | — | — | BPM LLP | 2,917 ▼ | $1,079,159,846 ▲ | 243,695 ▼ | 31,152 ▲ | 2 Addresses | |||
 EURCCircle | EURC | | $254,760,640 ▲ | $1.1287 ▲ | 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 | 24,638 ▲ | $2,627,363,351 ▲ | 1,490,059 ▲ | 51,492 ▲ | 5 Addresses | |||
 Global DollarPaxos Digital Singapore | USDG | | $242,952,775 ▲ | $1.0000 ▲ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 1,734 ▲ | $648,796,857 ▲ | 167,175 ▲ | 552 ▲ | 2 Addresses | |
 GHOAave | GHO | $211,894,161 ▲ | $0.9999 ▲ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 5,259 ▲ | $1,675,004,544 ▲ | 50,296 ▲ | 4,453 ▲ | |||||
 Elixir deUSDElixir | deUSD | | $208,606,412 ▼ | $0.9994 ▼ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 7,752 ▼ | $776,558,674 ▼ | 48,330 ▼ | 4,800 ▼ | 3 Addresses | ||
 MM^0 | M | $178,317,730 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | — | — | 15 ▼ | $190,432,405 ▼ | 210 ▼ | 41 ▲ | ||
 Anzen USDzAnzen | USDz |   | $124,709,666 ▲ | $0.9821 ▲ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 91 ▲ | $11,277,206 ▼ | 363 ▲ | 1,105 ▲ | 4 Addresses | ||
 AUSDAgora | AUSD |  | $82,023,837 ▲ | $0.9993 ▲ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 9,640 ▼ | $891,224,791 ▲ | 366,707 ▲ | 38,708 ▲ | 4 Addresses | ||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $76,629,509 ▲ | $1.0001 ▲ | US Dollar | Corporate Bonds+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 239 ▲ | $333,767,474 ▲ | 1,109 ▲ | 162 ▲ | |||||
 Pax DollarPaxos | USDP | | $76,283,441 ▼ | $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 | 17,525 ▼ | $169,345,366 ▲ | 91,507 ▼ | 241,885 ▲ | 2 Addresses | ||||
 Binance USDPaxos | BUSD | $57,965,193 ▼ | $1.0030 ▲ | 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 | 1,171 ▲ | $12,002,908 ▲ | 3,962 ▲ | 150,571 ▼ | |||||
 Anchored Coins EURAnchored Coins | AEUR | | $57,361,346 ▲ | $1.0152 ▲ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 7 △ | $3,261 ▼ | 9 ▲ | 154 ▲ | 2 Addresses |
 Mountain USDMountain Protocol | USDM | | $49,355,789 ▼ | $1.0014 ▲ | US Dollar | Public Equity - Treasury ETF+ 4 More |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 2,289 ▼ | $57,620,348 ▼ | 47,758 ▲ | 9,024 ▲ | 7 Addresses | ||||
 EUR CoinVertibleSociete Generale | EURCV | $47,220,339 ▲ | $1.1377 ▲ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | — | — | — | — | 16 ▲ | $2,485,498 ▲ | 118 ▲ | 43 ▼ | |||||
 Liquity LUSDLiquity Protocol | LUSD | $43,992,611 ▼ | $1.0012 ▲ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 660 ▼ | $49,382,119 ▼ | 6,195 ▲ | 11,749 ▼ | ||||||
 BiLira Turkish LiraBiLira | TRYB | $42,773,008 ▲ | $0.0260 ▼ | Turkish Lira | Bank Deposits - TRY |  Turkey | Non-Regulated | — | — | — | BiLira Teknoloji A.Ş. | Corpus Denetim ve Yeminili Mali Musavirlik AS | 41 ▼ | $581,642,552 ▼ | 611 ▼ | 894 ▲ | ||||
 Tether EURtTether Holdings | EURT | $33,523,625 ▲ | $1.1391 ▲ | 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 | 313 ▼ | $8,333,048 ▲ | 2,311 ▲ | 1,907 ▲ | ||||||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $21,336,047 ▲ | $0.8613 ▼ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 734 ▲ | $82,953,018 ▼ | 11,753 ▲ | 19,814 ▼ | |||
 Angle EuroAngle | AGEUR | $19,522,636 ▼ | $1.1265 ▲ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 295 ▲ | $69,818,119 ▲ | 8,999 ▲ | 2,931 ▲ | |||||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | | $15,399,344 ▲ | $0.7574 ▲ | Singapore Dollar | non-US Government Debt - Singaporean Treasury BillsBank Deposits - SGD | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | KK Yap & Associates | 493 ▼ | $76,734,442 ▼ | 16,703 ▼ | 3,635 ▲ | 2 Addresses | ||||
 Z.com USDGMO Trust | ZUSD | | $15,127,722 ▲ | $0.7997 ▲ | 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 | — | 63 ▲ | $3,176 ▼ | 146 ▲ | 652 ▲ | 3 Addresses | |||
 Stasis EuroStasis | EURS |  | $11,035,082 ▲ | $1.1140 ▲ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 222 ▼ | $5,137,204 ▲ | 5,722 ▲ | 5,982 ▲ | 2 Addresses | |
 GMO JPYGMO Trust | GYEN | | $9,958,099 ▲ | $0.0068 ▲ | 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 | 437 ▲ | $1,972,831 ▲ | 904 ▲ | 11,020 ▼ | 3 Addresses | |||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $6,577,624 ▼ | $0.1969 ▼ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 3 ▲ | $25 ▲ | 6 ▲ | 238 △ | |||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,759,555 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 141 ▼ | $112,094 ▼ | 615 ▼ | 11,044 ▲ | 3 Addresses | |
| Fathom DollarFathom DAO | FXD | $3,270,493 ▲ | $1.0004 ▲ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 110 ▼ | $2,636,852 ▲ | 26,974 ▲ | 725 ▲ | |||
 Tether CNHtTether Holdings | CNHT | | $2,778,220 ▼ | $0.1355 ▼ | 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 △ | $34 ▼ | 4 ▲ | 57 ▲ | 2 Addresses | |||
 Forte AUDForte Securities Australia Pty Limited | AUDF | | $2,615,373 ▼ | $0.6340 ▼ | Australian Dollar | Bank Deposits - AUD |  Australia | Australian Financial Services License ASIC - Australian Securities & Investments Commission | — | — | — | — | — | MVA Bennett | 43 ▼ | $305,623,349 ▲ | 4,071 ▲ | 90 ▲ | 3 Addresses | |
 Transfero: BRZTransfero | BRZ | $2,368,128 ▼ | $0.1692 ▼ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 27 ▼ | $146,743 ▼ | 79 ▼ | 269 ▲ | ||||
 Gemini DollarGemini | GUSD | $2,063,566 ▼ | $0.9984 ▼ | 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 | 632 △ | $119,670,614 ▲ | 3,142 ▼ | 21,842 ▼ | ||||||
 Tether MXNtTether Holdings | MXNT | $987,340 ▼ | $0.0494 ▼ | 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 △ | |||||
 Synthetix sEURSynthentix Protocol Governed by Synthetix DAO | sEUR | $784,443 ▲ | $0.7884 ▲ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 17 ▼ | $121,267 ▼ | 488 ▼ | 795 ▲ | ||
 Glo DollarBrale | USDGLO | $535,342 ▼ | $1.0001 ▼ | US Dollar | US Treasury DebtBank Deposits - USD | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Abdo Solutions | 25 ▲ | $128,224 ▼ | 60 ▼ | 149 ▲ | |||||
 Alloy USDTTether Holdings | aUSDT | $316,722 ▼ | $1.0001 ▲ | US Dollar | Commodities - XAUT | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Swiss Custodian (undisclosed) | BDO Italia | 8 ▼ | $7,038,993 ▲ | 24 ▼ | 33 △ | ||||
 EUROeMembrane Finance | EUROe | | $314,558 ▲ | $1.1287 ▲ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 161 ▼ | $384,903 ▼ | 6,610 ▼ | 1,595 ▲ | 2 Addresses | |||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $254,064 ▲ | $0.6239 ▼ | 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 | 32 ▲ | $123,958 ▲ | 434 ▼ | 556 ▲ | 2 Addresses | |
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $114,427 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | — | — | KK Yap & Associates | — | 5 ▲ | $591 ▲ | 7 ▲ | 195 ▼ | |||
 Open Money USDOpen Money DAO | omUSD | $112,753 ▼ | $0.9995 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | 21 ▼ | $840,383 ▲ | 51 ▼ | 75 ▼ | |||
 Verified USDVerified USD | USDV | $68,124 ▲ | $0.4581 ▲ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 21 ▲ | $5,673 ▲ | 54 ▲ | 258 ▲ | |||||
VCHF | $67,111 ▲ | $1.2168 ▲ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 6 ▲ | $227 ▼ | 8 ▲ | 40 △ | ||||||
 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 | 7 ▲ | $10,533 ▼ | 54 ▲ | 146 ▲ |
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