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

$156.978 B

1.22%from 7d ago

% of M2 Money Supply

0.75%

1.23%from 7d ago

Weekly Transfer Volume

$575.356 B

3.1%from 7d ago

Weekly Active Addresses

5,742,824

12.98%from 7d ago

Stablecoin Metrics

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

Show % of Total

Group By

Market Caps by Network

as of 05/07/2024

League Tables

Rank
Issuer
Market Cap
30D %
1
Tether
$114,489 M
3.01%
2
Circle
$30,149.22 M
4.02%
3
First Digital Labs
$3,863.07 M
9.48%
4
MakerDAO
$3,251.23 M
35.90%
5
Ethena
$2,293.48 M
10.87%
6
Paxos
$988.47 M
18.71%
7
USDD Protocol
$731.78 M
0.76%
8
Frax Finance
$649.21 M
0.52%
9
Techteryx
$271.56 M
6.03%
10
Liquity Protocol
$109.91 M
6.25%

Stablecoin Payment Corridors

View cross-border stablecoin payment corridors between different countries.

Get Access to Payment Corridor Metrics

as of 05/07/2024

Stablecoins

36 Total

Click a row 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
Networks
Market Cap
Price
Pegged Currency
Underlying Assets
Incorporation Country
License or Regulatory Framework
S&P Stability Assessment
Rating
by Bluechip
Account Segregation
Bankruptcy Remote
Custodians
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Auditor
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Transparency
Weekly Active Addresses
Weekly Transfer Volume
Weekly Transfer Count
Holders
Contract Address
$USDT
TRON LogoSolana LogoEthereum LogoBinance Smart Chain Logo
$114,440,044,904
$0.9995

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
4,794,791
$164,194,918,954
32,787,916
77,309,501
4 Addresses
Circle
$USDC
TRON LogoStellar LogoSolana LogoPolygon LogoOptimism LogoEthereum LogoBinance Smart Chain LogoArbitrum Logo
$30,121,447,086
$0.9994

US Dollar

Money Market - Fund+ 3 More
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
894,428
$397,880,051,207
33,078,422
10,183,413
8 Addresses
First Digital Labs
$FDUSD
Ethereum LogoBinance Smart Chain Logo
$3,863,070,464
$1.0005

US Dollar

Money Market - RRP+ 2 More
Hong Kong Flag

Hong Kong

Non-Regulated

4 - Constrained
First Digital Trust
Prescient Assurance LLC.
4,169
$4,578,658,064
19,887
29,392
2 Addresses
MakerDAO
$DAI
Ethereum Logo

Ethereum

$3,251,230,412
$0.9984

US Dollar

Structured Credit+ 4 More

Non-Regulated

4 - Constrained
8,792
$6,118,474,866
55,613
621,397
$USDe
Ethereum Logo

Ethereum

$2,293,477,479
$0.9983

US Dollar

Derivatives - Short ETH PerpsCryptocurrencies - ETH
4,195
$1,425,919,004
16,516
15,769
USDD Protocol
$USDD
TRON Logo

TRON

$731,778,151
$0.9952

US Dollar

CryptocurrenciesStablecoins

Non-Regulated

Huobi Exchange
449
$14,226,440
3,240
133,025
Frax Finance
$FRAX
Ethereum Logo

Ethereum

$649,209,834
$0.9977

US Dollar

Money Market - Fund+ 4 More

Non-Regulated

5 - Weak
Lead Bank
580
$299,753,739
5,375
12,426
$BUSD
Ethereum LogoBinance Smart Chain Logo
$491,732,451
$1.0032

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
30,584
$177,557,272
1,227,185
6,024,317
2 Addresses
$PYUSD
Ethereum Logo

Ethereum

$353,277,434
$0.9991

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
1,443
$203,106,584
6,807
8,477
$USDP
Ethereum Logo

Ethereum

$143,458,985
$1.0005

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
324
$33,503,028
939
118,212
Liquity Protocol
$LUSD
Ethereum Logo

Ethereum

$109,910,740
$0.9986

US Dollar

Cryptocurrencies - ETH

Non-Regulated

289
$50,914,316
1,188
11,847
$GUSD
Ethereum Logo

Ethereum

$90,519,117
$0.9987

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
1,004
$84,058,004
3,698
23,802
Aave
$GHO
Ethereum Logo

Ethereum

$50,437,580
$0.9974

US Dollar

US Treasury Debt - TokenizedCryptocurrencies

Non-Regulated

BNY Mellon Pershing
357
$104,216,270
2,493
1,639
Beanstalk Protocol Governed by Beanstalk DAO
$BEAN
Ethereum Logo

Ethereum

$45,704,746
$0.9496

US Dollar

Cryptocurrencies - "Pods" Beanstalk Debt

Non-Regulated

29
$2,500,475
407
261
Mountain Protocol
4.94%
$USDM
Polygon LogoEthereum Logo
$43,828,750
$0.9965

US Dollar

Public Equity - Treasury ETF+ 4 More
Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

3 - Adequate
Nephos Group
43
$11,351,930
263
244
2 Addresses
$EURT
Ethereum Logo

Ethereum

$42,714,288
$1.0644

Euro

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
95
$3,974,018
579
1,430
Synthentix Protocol Governed by Synthetix DAO
$sUSD
Ethereum Logo

Ethereum

$42,630,170
$0.9906

US Dollar

Cryptocurrencies - SNX

Non-Regulated

138
$31,557,657
965
18,370
$EURS
Ethereum Logo

Ethereum

$37,860,811
$1.0731

Euro

Bank Deposits - EUR
Malta Flag

Malta

Malta Virtual Financial Assets (VFA) Framework

MFSA - Malta Financial Services Authority

EXT LTD+ 2 More
BDO Malta
80
$7,512,633
381
5,846
$TRYB
Ethereum Logo

Ethereum

$36,573,384
$0.0304

Turkish Lira

Bank Deposits - TRY
Turkey Flag

Turkey

Non-Regulated

BiLira Teknoloji A.Ş.
Corpus Denetim ve Yeminili Mali Musavirlik AS
29
$90,134,751
192
907
Circle
$EURC
Ethereum Logo

Ethereum

$27,774,870
$1.0717

Euro

Bank Deposits - EUR
United States of America Flag

United States of America

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

The Bank of New York Mellon
Deloitte
178
$19,366,368
919
3,156
$AGEUR
Ethereum Logo

Ethereum

$23,206,562
$1.0656

Euro

Corporate Bonds+ 2 More

Non-Regulated

WithumSmith+Brown
83
$10,215,309
942
2,927
$XSGD
Ethereum Logo

Ethereum

$20,674,091
$0.7401

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
414
$6,628,703
743
2,771
GMO Trust
$ZUSD
Stellar LogoEthereum Logo
$18,948,912
$1.0125

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
7
$207
10
681
2 Addresses
GMO Trust
$GYEN
Stellar LogoEthereum Logo
$13,934,341
$0.0064

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
54
$498,250
157
10,621
2 Addresses
Societe Generale
$EURCV
Ethereum Logo

Ethereum

$11,961,295
$1.0732

Euro

Bank Deposits - EUR
France Flag

France

France Digital Asset Service Provider (DASP) under PACTE Law

AMF - French Autorité des Marchés Financiers

1
$0
0
8
$CNHT
Ethereum Logo

Ethereum

$6,245,068
$0.1397

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
2
$0
0
54
Verified USD
$USDV
Ethereum Logo

Ethereum

$6,033,348
$1.0003

US Dollar

US Treasury Debt - Tokenized
British Virgin Islands Flag

British Virgin Islands

Singapore Securities and Futures Act Section 275 Exemption

MAS - Monetary Authority of Singapore

STBT Transparency Panel (VUSD Foundation, LayerZero, Michael Egorov)
30
$3,127,239
206
329
PT Rupiah Token Indonesia
$IDRT
Ethereum Logo

Ethereum

$2,875,724
$0

Indonesian Rupiah

Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
28
$1,229,995
70
10,353
$BRZ
Ethereum Logo

Ethereum

$2,744,724
$0.1970

Brazilian Real

Bank Deposits - BRL+ 3 More
Switzerland Flag

Switzerland

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
12
$667,735
73
109
Membrane Finance
$EUROe
Ethereum Logo

Ethereum

$1,174,156
$1.0774

Euro

Bank Deposits - EUR
Finland Flag

Finland

Finland Electronic Money Institution (EMI)

FSA - Finish Financial Supervisory Authority

Bank Frick
KPMG
11
$107,549
49
136
$AUDD
Stellar LogoEthereum Logo
$1,120,619
$0.6655

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
10
$276,087
40
412
2 Addresses
Synthentix Protocol Governed by Synthetix DAO
$sEUR
Ethereum Logo

Ethereum

$1,073,865
$1.0793

Euro

Cryptocurrencies - SNX

Non-Regulated

4
$711,886
35
777
$USDGLO
Ethereum Logo

Ethereum

$795,389
$0.9953

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
10
$2,723
8
96
$XIDR
Ethereum Logo

Ethereum

$319,607
$0

Indonesian Rupiah

Bank Deposits - IDR
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
7
$0
0
200
$VCHF
Ethereum Logo

Ethereum

$79,226
$1.1131

Swiss Franc

Commodities - Gold
Liechtenstein Flag

Liechtenstein

Liechtenstein Blockchain Act

FMA - Liechtenstein Financial Market Authority

OZL Offenes Zollager in Liechtenstein AG
AREVA AG
1
$0
0
24
Fathom DAO
$FXD
XDC Logo

XDC

$34,123
$0.9990
Cryptocurrencies - XDC

Non-Regulated

153
$1,061,461
11,518

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