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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
$203.81B
▲+0.94%from 30d ago
% of M2 Money Supply
0.98%
▲+0.94%from 30d ago
Monthly Transfer Volume
$4.87T
▲+110.2%from 30d ago
Monthly Active Addresses
25.10M
▲+24.27%from 30d ago
Holders
142.61M
▲+4.23%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 01/13/2025
Top Entities
# | Issuer | # RWAs | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 18 | $136,805.41M | ▼2.21% | 67.12% ▼ |
2 |  Circle | 23 | $44,700.66M | ▲8.86% | 21.93% ▲ |
3 |  Ethena | 2 | $5,781.27M | ▼0.45% | 2.84% ▼ |
4 |  Sky | 3 | $5,140.75M | ▲14.54% | 2.52% ▲ |
5 |  Binance | 2 | $4,651.65M | ▲0.01% | 2.28% ▼ |
6 |  First Digital Labs | 2 | $1,795.43M | ▼12.13% | 0.88% ▼ |
7 |  Usual | 1 | $1,539.33M | ▲83.45% | 0.76% ▲ |
8 |  USDD Protocol | 1 | $739.00M | ▼0.24% | 0.36% ▼ |
9 |  Paxos | 5 | $685.34M | ▲2.03% | 0.34% ▲ |
10 |  Frax Finance | 2 | $650.96M | ▼0.07% | 0.32% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 01/13/2025
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 |          | $136,767,905,493 ▼ | $0.9998 ▲ | 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 | 12,733,328 ▲ | $974,505,032,495 ▼ | 189,692,216 ▲ | 87,012,927 ▲ | 13 Addresses | ||||
 USDCCircle | USDC |      | $44,621,168,390 ▲ | $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 | 5,205,012 ▲ | $3,661,688,168,397 ▲ | 221,112,754 ▲ | 19,991,979 ▲ | 19 Addresses | ||||
 Ethena USDeEthena | USDe | | $5,781,273,055 ▼ | $0.9985 ▼ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | — | — | — | — | 14,215 ▲ | $9,060,268,664 ▼ | 116,329 ▲ | 25,104 ▲ | 2 Addresses |
| USDSSky | USDS | | $5,140,747,040 ▲ | $1.0000 ▲ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 29,466 ▼ | $88,638,857,837 ▼ | 210,795 ▼ | 648,860 ▲ | 3 Addresses | |||
 Binance-Peg USDBinance | BSC-USD | $4,286,008,900 ▲ | $1.0002 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 6,962,607 ▲ | $104,781,185,491 ▲ | 60,223,198 ▲ | 28,039,564 ▲ | ||
 First Digital USDFirst Digital Labs | FDUSD | | $1,795,425,858 ▼ | $0.9989 ▲ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 9,242 ▲ | $8,802,695,307 ▼ | 157,420 ▲ | 50,426 ▲ | 2 Addresses | ||||
 Usual USDUsual | USD0 | $1,539,328,164 ▲ | $0.9988 ▼ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 5,417 ▲ | $9,195,165,248 ▲ | 61,063 ▲ | 7,410 ▼ | |||||
 USDDUSDD Protocol | USDD | $738,999,172 ▼ | $0.9932 ▼ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 1,223 ▼ | $438,808,865 ▼ | 28,462 ▼ | 135,012 ▲ | ||||||
 FRAXFrax Finance | FRAX | | $650,956,806 ▼ | $0.9947 ▼ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 1,162 ▼ | $902,005,862 ▼ | 25,408 ▼ | 16,078 ▲ | 2 Addresses | |||
 Paypal USDPaxos | PYUSD | | $533,910,138 ▲ | $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 | 44,083 ▲ | $3,516,285,274 ▼ | 1,666,759 ▲ | 46,160 ▲ | 2 Addresses | ||||
 Binance-Peg BUSDBinance | BSC-BUSD | $365,644,511 ▼ | $1.0001 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 61,572 ▼ | $672,359,480 ▼ | 3,157,381 ▲ | 6,223,617 ▲ | ||
 Elixir deUSDElixir | deUSD | $245,234,067 ▲ | $0.9988 ▼ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 9,665 ▲ | $649,451,569 ▲ | 62,665 ▲ | 2,107 ▲ | ||||
 GHOAave | GHO | $145,562,190 ▼ | $0.9986 ▼ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 1,603 ▼ | $480,429,921 ▼ | 10,673 ▼ | 3,036 ▲ | |||||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $138,967,385 ▲ | $0.9995 ▼ | US Dollar | Corporate Bonds+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 115 ▼ | $312,767,595 ▲ | 402 ▼ | 139 ▲ | |||||
 MM^0 | M | $105,229,435 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | — | — | 7 ▼ | $173,615,112 ▲ | 56 ▲ | 21 ▼ | ||
 Pax DollarPaxos | USDP | | $93,556,871 ▲ | $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 | 4,267 ▼ | $139,865,298 ▼ | 13,925 ▼ | 126,981 ▲ | 2 Addresses | ||||
 Anzen USDzAnzen | USDz |   | $93,549,365 ▼ | $0.9716 ▼ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 157 ▲ | $11,034,527 ▲ | 758 ▲ | 959 ▲ | 4 Addresses | ||
 USDtbPallas Fund | USDtb | | $89,334,278 △ | $0.9997 ▲ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 30 △ | $934,317 △ | 144 △ | 39 ▲ | 4 Addresses | |
 EURCCircle | EURC | | $79,488,383 ▼ | $1.0235 ▼ | 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 | 1,202 ▲ | $435,236,592 ▲ | 13,989 ▲ | 10,698 ▲ | 4 Addresses | |||
 Liquity LUSDLiquity Protocol | LUSD | $62,709,224 ▼ | $0.9977 ▼ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 541 ▼ | $53,678,983 ▼ | 2,340 ▼ | 11,667 ▲ | ||||||
 Ripple USDStandard Custody & Trust Company | RLUSD | $61,784,361 ▲ | $0.9994 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 230 △ | $98,893,970 △ | 1,439 ▲ | 841 ▲ | ||
 Binance USDPaxos | BUSD | $57,874,635 ▼ | $0.9568 ▼ | 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 | 970 ▼ | $17,069,979 ▼ | 2,828 ▼ | 152,612 ▼ | |||||
 Anchored Coins EURAnchored Coins | AEUR | | $56,201,941 ▼ | $0.9946 ▼ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 2 ▼ | $259 ▼ | 3 ▼ | 147 ▲ | 2 Addresses |
 Mountain USDMountain Protocol | USDM | | $50,036,830 ▼ | $0.9995 ▲ | US Dollar | Public Equity - Treasury ETF+ 4 More |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 3,437 ▲ | $49,073,943 ▼ | 18,267 ▲ | 4,938 ▲ | 5 Addresses | ||||
 AUSDAgora | AUSD |  | $44,666,900 ▼ | $0.9993 ▲ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 4,845 ▼ | $1,503,433,141 ▲ | 286,671 ▲ | 17,187 ▲ | 3 Addresses | ||
 EUR CoinVertibleSociete Generale | EURCV | $40,821,311 ▼ | $1.0241 ▼ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | — | — | — | — | 7 ▼ | $1,544,540 ▼ | 10 ▼ | 37 △ | |||||
 Global DollarPaxos Digital Singapore | USDG | $31,798,985 ▲ | $1.0003 ▼ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 12 ▲ | $7,679,020 ▼ | 51 ▲ | 27 ▲ | |||
 Tether EURtTether Holdings | EURT | $30,149,966 ▼ | $1.0191 ▼ | 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 | 257 ▼ | $15,547,985 ▼ | 943 ▼ | 1,808 ▲ | ||||||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | $21,138,036 ▼ | $0.7287 ▼ | Singapore Dollar | non-US Government Debt - Singaporean Treasury BillsBank Deposits - SGD | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | KK Yap & Associates | 313 ▼ | $17,626,200 ▼ | 1,484 ▼ | 3,055 ▲ | ||||||
 Stasis EuroStasis | EURS |  | $20,582,235 ▼ | $1.0262 ▼ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 163 ▼ | $5,152,532 ▼ | 15,442 ▲ | 5,985 ▲ | 2 Addresses | |
 Angle EuroAngle | AGEUR | $19,546,666 ▼ | $1.0211 ▼ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 126 ▼ | $17,493,582 ▼ | 1,323 ▲ | 2,890 ▼ | |||||
 BiLira Turkish LiraBiLira | TRYB | $17,559,514 ▲ | $0.0283 ▼ | Turkish Lira | Bank Deposits - TRY |  Turkey | Non-Regulated | — | — | — | BiLira Teknoloji A.Ş. | Corpus Denetim ve Yeminili Mali Musavirlik AS | 24 ▼ | $917,467,066 ▲ | 554 ▼ | 843 △ | ||||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $14,795,247 ▼ | $0.4428 ▼ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 3 ▲ | $78 ▼ | 4 △ | 236 ▲ | |||||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $14,030,925 ▲ | $0.9609 ▼ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 309 ▼ | $26,152,572 ▲ | 1,290 ▲ | 19,750 ▼ | |||
 Z.com USDGMO Trust | ZUSD | | $9,936,233 ▼ | $0.5253 ▼ | 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 | — | 16 ▲ | $335 ▼ | 73 ▲ | 689 ▼ | 3 Addresses | |||
 GMO JPYGMO Trust | GYEN | | $9,674,410 ▼ | $0.0063 ▲ | 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 ▼ | $1,349,954 ▲ | 376 ▼ | 11,175 ▲ | 3 Addresses | |||
 Gemini DollarGemini | GUSD | $8,205,181 ▼ | $0.9998 ▲ | 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 | 852 ▼ | $130,096,812 ▲ | 3,166 ▲ | 22,006 ▼ | ||||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,893,865 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 142 ▲ | $137,851,212 ▲ | 604 ▲ | 10,711 ▼ | 3 Addresses | |
 Alloy USDTTether Holdings | aUSDT | $3,604,017 ▼ | $1.0009 ▲ | US Dollar | Commodities - XAUT | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Swiss Custodian (undisclosed) | BDO Italia | 12 ▲ | $50,076,153 ▲ | 45 ▲ | 31 ▲ | ||||
| Fathom DollarFathom DAO | FXD | $2,927,320 ▲ | $1.0432 ▼ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 135 ▲ | $27,018,663 ▲ | 407,393 ▲ | 682 ▲ | |||
 Tether CNHtTether Holdings | CNHT | | $2,787,378 ▲ | $0.1359 ▲ | 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 | 2 △ | $0 ▼ | 0 ▼ | 56 △ | 2 Addresses | |||
 Forte AUDForte Securities Australia Pty Limited | AUDF | | $2,534,794 ▼ | $0.6145 ▼ | Australian Dollar | Bank Deposits - AUD |  Australia | Australian Financial Services License ASIC - Australian Securities & Investments Commission | — | — | — | — | — | MVA Bennett | 8 ▼ | $195,101,805 ▼ | 2,004 ▼ | 18 ▲ | 3 Addresses | |
 Transfero: BRZTransfero | BRZ | $2,289,821 ▼ | $0.1636 ▲ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 33 ▲ | $342,477 ▲ | 143 ▲ | 207 ▲ | ||||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $1,528,552 ▼ | $0.6094 ▼ | 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 | 13 ▼ | $17,010 ▼ | 51 ▼ | 528 ▼ | 2 Addresses | |
 Open Money USDOpen Money DAO | omUSD | $999,863 ▼ | $0.9999 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | 14 ▼ | $142,681 ▼ | 190 ▼ | 86 △ | |||
 Tether MXNtTether Holdings | MXNT | $967,741 ▼ | $0.0484 ▲ | 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 △ | $10 △ | 1 △ | 4 △ | |||||
 Synthetix sEURSynthentix Protocol Governed by Synthetix DAO | sEUR | $757,973 ▼ | $0.7618 ▼ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 10 ▼ | $92,903 ▲ | 68 ▲ | 790 ▼ | ||
 Glo DollarBrale | USDGLO | $597,016 ▼ | $1.0007 ▲ | US Dollar | US Treasury DebtBank Deposits - USD | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Abdo Solutions | 13 △ | $582,701 ▲ | 21 ▲ | 129 △ | |||||
 EUROeMembrane Finance | EUROe | $346,063 ▲ | $1.0229 ▼ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 10 ▼ | $245,998 ▼ | 63 ▼ | 147 ▲ | |||||
 Verified USDVerified USD | USDV | $145,814 ▼ | $0.9991 ▼ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 13 ▲ | $48,806 ▼ | 15 ▼ | 247 ▼ | |||||
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $121,116 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | — | — | KK Yap & Associates | — | 1 ▼ | $0 ▼ | 0 ▼ | 197 △ | |||
 PoundtokenBlackfridge SC Limited | 1GBP |