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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
$221.55B
▲+4.79%from 30d ago
% of M2 Money Supply
1.06%
▲+4.79%from 30d ago
Monthly Transfer Volume
$2.17T
▼57.56%from 30d ago
Monthly Active Addresses
24.30M
▼7.28%from 30d ago
Holders
149.38M
▲+2.91%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 02/21/2025
Top Entities
# | Issuer | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 18 | $141,726.02M | ▲2.54% | 63.97% ▼ |
2 |  Circle | 26 | $54,994.79M | ▲8.87% | 24.82% ▲ |
3 |  Sky | 3 | $7,732.04M | ▲34.75% | 3.49% ▲ |
4 |  Ethena | 2 | $6,050.21M | ▲5.31% | 2.73% ▲ |
5 |  Binance | 2 | $4,608.28M | ▼0.88% | 2.08% ▼ |
6 |  First Digital Labs | 2 | $1,829.11M | ▼1.39% | 0.83% ▼ |
7 |  Usual | 1 | $1,110.02M | ▼10.79% | 0.50% ▼ |
8 |  Paxos | 5 | $840.11M | ▲26.04% | 0.38% ▲ |
9 |  USDD Protocol | 1 | $732.26M | ▼2.51% | 0.33% ▼ |
10 |  Frax Finance | 2 | $529.33M | ▼18.91% | 0.24% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 02/21/2025
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 |          | $141,687,770,098 ▲ | $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 | 12,031,065 ▼ | $921,789,557,168 ▼ | 173,362,891 ▼ | 90,885,863 ▲ | 13 Addresses | ||||
 USDCCircle | USDC | $54,895,082,770 ▲ | $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 | 5,305,349 ▼ | $983,179,817,871 ▼ | 218,308,252 ▼ | 21,479,944 ▲ | 22 Addresses | |||||
| USDSSky | USDS | | $7,732,037,741 ▲ | $0.9999 ▲ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 34,698 ▲ | $109,777,186,248 ▲ | 308,099 ▲ | 652,525 ▲ | 3 Addresses | |||
 Ethena USDeEthena | USDe | | $6,050,212,255 ▲ | $0.9989 ▼ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | — | — | — | — | 21,403 ▲ | $7,836,558,251 ▼ | 172,834 ▲ | 26,690 ▲ | 2 Addresses |
 Binance-Peg USDBinance | BSC-USD | $4,284,072,004 ▲ | $0.9998 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 6,775,443 ▼ | $129,449,844,267 ▲ | 56,943,933 ▼ | 29,418,227 ▲ | ||
 First Digital USDFirst Digital Labs | FDUSD |  | $1,829,106,256 ▼ | $0.9990 ▼ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 4,114 ▼ | $3,582,949,206 ▼ | 136,665 ▼ | 51,183 ▲ | 2 Addresses | ||||
 Usual USDUsual | USD0 | $1,110,023,072 ▼ | $0.9970 ▼ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 4,099 ▼ | $1,198,741,330 ▼ | 45,425 ▼ | 13,930 ▲ | |||||
 USDDUSDD Protocol | USDD | $732,256,959 ▼ | $1.0004 ▲ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 1,223 ▼ | $635,900,615 ▲ | 24,183 ▼ | 135,210 ▲ | ||||||
 Paypal USDPaxos | PYUSD | | $699,387,708 ▲ | $0.9999 ▼ | 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 | 37,381 ▼ | $4,184,580,612 ▲ | 1,701,104 ▼ | 51,416 ▲ | 2 Addresses | ||||
 FRAXFrax Finance | FRAX | | $529,326,033 ▼ | $0.9964 ▼ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 1,171 ▼ | $722,710,646 ▼ | 137,488 ▲ | 16,373 ▲ | 2 Addresses | |||
 Binance-Peg BUSDBinance | BSC-BUSD | $324,205,176 ▼ | $1.0087 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 53,691 ▼ | $623,080,877 ▲ | 2,772,112 ▼ | 6,227,312 ▲ | ||
 Elixir deUSDElixir | deUSD | $272,454,046 ▲ | $1.0007 ▼ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 9,174 ▲ | $628,345,983 ▲ | 44,571 ▼ | 2,580 ▲ | ||||
 GHOAave | GHO | $202,601,626 ▲ | $1.0000 ▼ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 2,135 ▲ | $870,979,778 ▲ | 21,521 ▲ | 3,195 ▲ | |||||
 Global DollarPaxos Digital Singapore | USDG | $107,458,480 ▲ | $0.9998 ▼ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 35 ▲ | $111,621,932 ▲ | 124 ▲ | 58 ▲ | |||
 MM^0 | M | $105,837,628 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | — | — | 17 ▲ | $14,710,316 ▼ | 44 ▼ | 27 ▲ | ||
 Anzen USDzAnzen | USDz |    | $103,653,381 ▲ | $0.9845 ▲ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 67 ▼ | $4,488,309 ▼ | 221 ▼ | 1,037 ▲ | 4 Addresses | ||
 EURCCircle | EURC |  | $99,710,807 ▲ | $1.0432 ▼ | 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 | 1,346 ▲ | $580,057,305 ▲ | 16,929 ▲ | 11,445 ▲ | 4 Addresses | |||
 USDtbPallas Fund | USDtb | | $89,435,479 ▲ | $0.9997 ▼ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 26 ▲ | $2,215,457 ▲ | 204 ▲ | 52 ▲ | 4 Addresses | |
 Ripple USDStandard Custody & Trust Company | RLUSD | $85,366,898 ▲ | $1.0003 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 471 ▲ | $542,027,430 ▲ | 3,926 ▲ | 1,586 ▲ | ||
 Pax DollarPaxos | USDP | | $80,286,389 ▼ | $1.0004 ▼ | 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 | 2,527 ▼ | $136,156,142 ▼ | 9,608 ▼ | 127,565 ▲ | 2 Addresses | ||||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $60,963,583 ▼ | $1.0000 ▼ | US Dollar | Corporate Bonds+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 126 ▲ | $413,367,947 ▼ | 581 ▲ | 154 ▲ | |||||
 Binance USDPaxos | BUSD | $60,433,510 ▲ | $0.9991 ▼ | 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 | 2,480 ▲ | $6,429,140 ▲ | 5,288 ▲ | 151,071 ▼ | |||||
 Anchored Coins EURAnchored Coins | AEUR | | $59,712,257 ▲ | $1.0568 ▲ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 4 ▲ | $215 ▼ | 4 ▲ | 145 ▼ | 2 Addresses |
 Liquity LUSDLiquity Protocol | LUSD | $57,091,706 ▼ | $0.9990 ▼ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 873 ▲ | $88,865,134 ▲ | 4,762 ▲ | 11,793 ▲ | ||||||
 Mountain USDMountain Protocol | USDM |   | $52,433,508 ▼ | $1.0002 ▼ | US Dollar | Public Equity - Treasury ETF+ 4 More |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 3,541 ▼ | $126,710,776 ▲ | 24,913 ▲ | 5,683 ▲ | 6 Addresses | ||||
 AUSDAgora | AUSD |  | $48,035,479 ▲ | $0.9993 ▼ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 7,681 ▲ | $1,451,104,820 ▼ | 291,928 ▲ | 17,987 ▲ | 3 Addresses | ||
 EUR CoinVertibleSociete Generale | EURCV | $43,046,834 ▲ | $1.0457 ▲ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | — | — | — | — | 15 ▲ | $769,208 ▼ | 63 ▲ | 42 ▲ | |||||
 Tether EURtTether Holdings | EURT | $30,682,641 ▲ | $1.0371 ▲ | 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 | 295 ▲ | $9,009,180 ▲ | 1,400 ▲ | 1,823 ▼ | ||||||
 Angle EuroAngle | AGEUR | $19,136,365 ▼ | $1.0426 ▼ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 176 ▲ | $21,029,837 ▲ | 2,450 ▲ | 2,910 ▲ | |||||
 Z.com USDGMO Trust | ZUSD | | $14,791,217 ▼ | $0.7819 ▼ | 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 | — | 100 ▲ | $2,525 ▲ | 148 ▲ | 648 ▼ | 3 Addresses | |||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $11,731,215 ▼ | $0.9777 ▼ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 497 ▲ | $54,944,059 ▲ | 3,599 ▲ | 19,807 ▲ | |||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $11,382,141 ▼ | $0.3407 ▲ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 3 △ | $5,237 ▲ | 6 ▲ | 238 ▲ | |||||
 Stasis EuroStasis | EURS |  | $10,363,878 ▼ | $1.0306 ▼ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 182 ▲ | $6,240,587 ▲ | 12,753 ▼ | 5,994 △ | 2 Addresses | |
 GMO JPYGMO Trust | GYEN | | $9,814,921 ▲ | $0.0065 ▲ | 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 ▼ | $711,448 ▲ | 374 ▼ | 11,232 ▲ | 3 Addresses | |||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | $9,619,065 ▼ | $0.7452 ▲ | Singapore Dollar | non-US Government Debt - Singaporean Treasury BillsBank Deposits - SGD | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | KK Yap & Associates | 361 ▲ | $31,878,097 ▲ | 2,114 ▲ | 3,136 ▲ | ||||||
 Gemini DollarGemini | GUSD | $6,477,325 ▼ | $0.9997 ▼ | 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 | 690 ▼ | $109,773,041 ▼ | 3,468 ▲ | 21,920 ▼ | ||||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,873,085 ▲ | $0 ▲ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 79 ▼ | $62,022,968 ▼ | 488 ▼ | 10,845 ▲ | 3 Addresses | |
 Alloy USDTTether Holdings | aUSDT | $3,744,307 ▲ | $0.9947 ▼ | US Dollar | Commodities - XAUT | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Swiss Custodian (undisclosed) | BDO Italia | 17 ▲ | $1,301,368 ▼ | 51 ▲ | 31 ▲ | ||||
 Tether CNHtTether Holdings | CNHT | | $2,813,099 ▲ | $0.1372 ▲ | 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 ▲ | $761 △ | 2 △ | 55 ▼ | 2 Addresses | |||
| Fathom DollarFathom DAO | FXD | $2,652,533 ▼ | $0.9396 ▼ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 133 ▼ | $8,881,182 ▼ | 109,425 ▼ | 715 ▲ | |||
 Forte AUDForte Securities Australia Pty Limited | AUDF | | $2,610,905 ▲ | $0.6329 ▲ | Australian Dollar | Bank Deposits - AUD |  Australia | Australian Financial Services License ASIC - Australian Securities & Investments Commission | — | — | — | — | — | MVA Bennett | 79 ▲ | $203,617,452 ▼ | 4,516 ▲ | 80 ▲ | 3 Addresses | |
 BiLira Turkish LiraBiLira | TRYB | $2,530,268 ▼ | $0.0276 ▼ | Turkish Lira | Bank Deposits - TRY |  Turkey | Non-Regulated | — | — | — | BiLira Teknoloji A.Ş. | Corpus Denetim ve Yeminili Mali Musavirlik AS | 50 ▲ | $1,251,950,421 ▲ | 1,017 ▲ | 850 ▲ | ||||
 Transfero: BRZTransfero | BRZ | $2,443,472 ▲ | $0.1745 ▲ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 56 ▲ | $735,681 ▲ | 801 ▲ | 257 ▲ | ||||
 Tether MXNtTether Holdings | MXNT | $1,009,920 ▲ | $0.0505 ▲ | 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 | $1,000,079 ▲ | $1.0001 △ | US Dollar | — | — | — | — | — | — | — | — | — | 15 ▲ | $79,617 ▲ | 111 ▲ | 87 ▲ | |||
 Synthetix sEURSynthentix Protocol Governed by Synthetix DAO | sEUR | $711,410 ▼ | $0.7150 ▲ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 17 ▲ | $138,479 ▼ | 205 ▲ | 794 ▲ | ||
 Glo DollarBrale | USDGLO | $573,316 ▼ | $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 | 22 ▲ | $164,575 ▲ | 79 ▲ | 140 ▲ | |||||
 EUROeMembrane Finance | EUROe | $263,522 ▼ | $1.0409 ▼ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 33 ▲ | $962,927 ▲ | 192 ▲ | 150 ▲ | |||||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $254,242 ▼ | $0.6381 ▲ | 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 | 29 ▲ | $142,175 ▼ | 220 ▲ | 543 ▲ | 2 Addresses | |
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $120,892 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | — | — | KK Yap & Associates | — | 2 ▲ | $971 △ | 2 △ | 196 ▼ | |||
VCHF | $60,757 ▲ | $1.1064 ▲ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 2 △ | $4 ▼ | 3 ▼ | 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 △ | ||||
 Verified USDVerified USD | USDV | $15,042 ▼ | $0.1007 ▼ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 11 ▼ | $782 ▼ | 24 ▼ | 252 ▲ |
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