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
$238.17B
▲+1.87%from 30d ago
Monthly Transfer Volume
$2.89T
▲+20.00%from 30d ago
Monthly Active Addresses
30.72M
▲+12.58%from 30d ago
Holders
168.20M
▲+2.67%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 06/21/2025
Top Entities
# | Issuer | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 19 | $152,667.9M | ▲1.97% | 64.10% ▲ |
2 |  Circle | 28 | $59,180.3M | ▲0.28% | 24.85% ▼ |
3 |  Sky | 4 | $7,838.7M | ▲8.11% | 3.29% ▲ |
4 |  Ethena | 2 | $5,689.5M | ▲9.52% | 2.39% ▲ |
5 |  Binance | 2 | $4,594.1M | ▼0.25% | 1.93% ▼ |
6 |  First Digital Labs | 3 | $1,489.1M | ▼5.50% | 0.63% ▼ |
7 |  Pallas Fund | 4 | $1,456.7M | ▲0.99% | 0.61% ▼ |
8 |  Paxos | 5 | $1,126.6M | ▲8.93% | 0.47% ▲ |
9 |  USDD Protocol | 1 | $747.1M | ▼0.27% | 0.31% ▼ |
10 | Usual | 1 | $612.0M | ▼4.47% | 0.26% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 06/21/2025
Stablecoins
56 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 |           | $152,653,599,063 ▲ | $1.0001 ▼ | 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 | 14,375,851 ▲ | $1,011,180,588,836 ▼ | 249,948,941 ▼ | 101,935,676 ▲ | 14 Addresses | |||||
 USDCCircle | USDC |        | $58,940,685,415 ▲ | $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 | 6,513,926 ▲ | $900,940,776,874 ▼ | 288,095,938 ▲ | 24,731,565 ▲ | 23 Addresses | |||||
| USDSSky | USDS | | $7,838,669,859 ▲ | $0.9995 ▼ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 44,571 ▲ | $303,861,301,553 ▲ | 1,700,491 ▼ | 675,506 ▲ | 4 Addresses | ||||
 Ethena USDeEthena | USDe | | $5,689,497,790 ▲ | $1.0003 ▲ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | 5 - Weak | — | — | — | — | — | — | 11,154 ▼ | $26,382,949,615 ▲ | 118,671 ▼ | 33,661 ▲ | 2 Addresses | |
 Binance-Peg USDBinance | BSC-USD | $4,283,868,781 ▲ | $0.9997 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 9,456,417 ▲ | $623,655,870,975 ▲ | 434,010,644 ▲ | 33,629,660 ▲ | |||
 First Digital USDFirst Digital Labs | FDUSD | | $1,489,072,754 ▼ | $0.9981 ▼ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 8,669 ▼ | $4,509,644,357 ▲ | 254,482 ▼ | 58,547 ▲ | 3 Addresses | |||||
 USDtbPallas Fund | USDtb | | $1,456,678,183 ▲ | $0.9995 ▼ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 195 ▲ | $280,654,710 ▲ | 1,742 ▲ | 174 ▲ | 4 Addresses | ||
 Paypal USDPaxos | PYUSD | | $1,001,912,798 ▲ | $0.9994 ▼ | 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 | 46,113 ▲ | $3,267,327,591 ▼ | 1,771,866 ▼ | 68,946 ▲ | 2 Addresses | |||||
 USDDUSDD Protocol | USDD | $747,141,835 ▼ | $1.0003 ▼ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 289 ▼ | $170,904,437 ▼ | 10,728 ▼ | 135,174 ▲ | |||||||
 Usual USDUsual | USD0 | $612,014,042 ▼ | $0.9975 ▼ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 3,033 ▼ | $846,416,495 ▲ | 26,020 ▲ | 13,076 ▼ | ||||||
 Ripple USDStandard Custody & Trust Company | RLUSD |  | $400,194,135 ▲ | $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 | 3,116 ▼ | $2,518,496,353 ▲ | 185,616 ▼ | 32,536 ▲ | 2 Addresses | ||||
 FRAXFrax Finance | FRAX | | $319,549,111 ▼ | $0.9992 ▼ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 747 ▼ | $298,151,087 ▼ | 19,311 ▼ | 16,826 ▲ | 2 Addresses | ||||
 Global DollarPaxos Digital Singapore | USDG | | $319,324,396 ▲ | $1.0000 ▲ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 8,695 ▲ | $1,089,121,963 ▼ | 790,066 ▲ | 2,063 ▲ | 2 Addresses | ||
 Binance-Peg BUSDBinance | BSC-BUSD | $310,272,561 ▼ | $0.9996 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 132,906 ▲ | $270,478,639 ▲ | 3,745,827 ▲ | 6,173,921 ▼ | |||
 MM0 | M | | $298,273,125 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | — | — | 28 ▲ | $345,327,324 ▲ | 692 ▲ | 58 ▲ | 2 Addresses | |
 OpenEden OpenDollarOpenEden Digital | USDO | | $279,522,230 ▲ | $0.9980 ▼ | US Dollar | — |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | — | — | — | Harris And Trotter | — | 195 ▲ | $111,331,172 ▼ | 1,009 ▼ | 123 ▲ | 2 Addresses | |||
 EURCCircle | EURC | | $239,616,708 ▼ | $1.1509 ▲ | 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 | 24,604 ▲ | $1,780,137,605 ▼ | 764,134 ▼ | 61,445 ▲ | 5 Addresses | ||||
 Elixir deUSDElixir | deUSD | | $231,856,450 ▼ | $0.9991 ▼ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 2,158 ▼ | $759,397,111 ▲ | 27,733 ▲ | 5,506 ▲ | 4 Addresses | |||
 GHOAave | GHO | $216,807,419 ▼ | $0.9993 ▲ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 2,699 ▼ | $1,715,927,434 ▼ | 30,973 ▼ | 5,163 ▲ | ||||||
 Anzen USDzAnzen | USDz |   | $122,478,629 ▲ | $0.9944 ▲ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 37 ▼ | $1,192,705 ▼ | 87 ▼ | 1,156 ▲ | 4 Addresses | |||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $89,546,960 ▼ | $0.9996 ▼ | US Dollar | Corporate Bonds+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 173 ▼ | $397,820,096 ▲ | 3,215 ▲ | 213 ▲ | ||||||
 AUSDAgora | AUSD |  | $79,104,693 ▼ | $0.9997 ▼ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 8,707 ▲ | $1,195,921,909 ▲ | 604,412 ▼ | 44,263 ▲ | 4 Addresses | |||
 Pax DollarPaxos | USDP | | $67,054,322 ▼ | $1.0000 ▲ | 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 | 8,991 ▼ | $210,162,138 ▲ | 55,843 ▼ | 273,351 ▲ | 2 Addresses | |||||
 Avant USDAvant Technology Foundation | avUSD | $64,570,038 ▲ | $0.9987 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 345 ▲ | $182,867,448 ▲ | 44,400 ▼ | 842 ▲ | |||
 Binance USDPaxos | BUSD | $57,624,245 ▼ | $0.9971 ▼ | 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 | 1,073 ▼ | $5,012,873 ▲ | 2,796 ▼ | 150,125 ▼ | ||||||
 Anchored Coins EURAnchored Coins | AEUR | | $56,689,130 ▼ | $1.0033 ▼ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 2 ▼ | $195 ▼ | 10 ▲ | 156 △ | 2 Addresses | |
 EUR CoinVertibleSociete Generale | EURCV | $48,279,464 ▲ | $1.1548 ▲ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | 3 - Adequate | — | — | — | 34 ▼ | $2,668,008 ▲ | 128 ▼ | 55 ▲ | ||||||
 Plume USDNucleus | pUSD | $43,879,091 ▲ | $1.0000 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 52,629 ▲ | $241,143,307 ▲ | 1,871,872 ▲ | 45,302 ▲ | |||
 Liquity LUSDLiquity Protocol | LUSD | $41,675,013 ▲ | $1.0025 ▲ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 577 ▼ | $24,966,412 ▲ | 3,320 ▼ | 11,924 ▲ | |||||||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $31,817,626 ▲ | $0.9618 ▼ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 618 ▼ | $36,469,366 ▼ | 7,343 ▼ | 19,932 ▲ | ||||
 Angle EuroAngle | AGEUR | $22,340,251 ▼ | $1.1485 ▲ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 211 ▼ | $22,069,834 ▼ | 3,141 ▼ | 2,934 ▼ | ||||||
 Mountain USDMountain Protocol | USDM | | $21,318,099 ▼ | $0.9971 ▼ | US Dollar | Public Equity - Treasury ETF+ 4 More | Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 7,262 ▲ | $77,295,216 ▲ | 39,597 ▼ | 8,618 ▼ | 7 Addresses | |||||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | | $15,847,840 ▲ | $0.7794 ▲ | 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 | $13,644,629 ▲ | $1.0000 ▼ | 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 | 635 ▲ | $93,652,134 ▼ | 2,444 ▼ | 21,737 ▼ | |||||||
 Stasis EuroStasis | EURS |  | $10,920,477 ▲ | $1.1446 ▲ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 192 ▲ | $5,737,001 ▼ | 1,966 ▼ | 6,071 ▲ | 2 Addresses | ||
 Tether EURtTether Holdings | EURT | $10,754,137 ▼ | $1.1441 ▲ | 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 ▲ | $26,653,119 ▼ | 1,332 ▼ | 1,996 ▲ | |||||||
 Z.com USDGMO Trust | ZUSD | | $9,868,527 ▼ | $0.5217 ▼ | 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 | — | 27 ▼ | $1,559 ▼ | 61 ▼ | 661 ▲ | 3 Addresses | ||||
 GMO JPYGMO Trust | GYEN | | $7,781,469 ▼ | $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 | 158 ▲ | $328,189 ▼ | 677 ▲ | 11,269 ▲ | 3 Addresses | ||||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $7,137,339 ▼ | $0.2136 ▼ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 2 △ | $0 ▼ | 0 ▼ | 237 △ | ||||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,894,148 ▼ | $0 ▲ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 119 ▲ | $382,668 ▼ | 436 ▲ | 11,335 ▲ | 3 Addresses | ||
 Tether CNHtTether Holdings | CNHT | | $2,726,961 ▲ | $0.1330 ▲ | 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 | 30 ▼ | $195,872,679 ▼ | 1,870 ▼ | 99 ▲ | 3 Addresses | ||
 Transfero: BRZTransfero | BRZ | $2,533,069 ▲ | $0.1809 ▲ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 17 ▼ | $107,761 ▼ | 70 ▼ | 276 ▲ | |||||
| Fathom DollarFathom DAO | FXD | $1,540,817 ▼ | $0.8300 ▼ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 95 ▲ | $4,567,776 ▲ | 9,129 ▲ | 737 ▲ | ||||
| MXNB - Mexican Peso StablecoinJuno (a Bitso company) | MXNB | | $1,217,662 ▲ | $0.0509 ▼ | Mexican Peso | — |  Mexico | — | — | — | — | — | — | BDO | — | 59 ▲ | $195,997,377 ▲ | 24,604 ▲ | 116 ▲ | 3 Addresses | |
 Synthetix sEURSynthentix Protocol Governed by Synthetix DAO | sEUR | $670,431 ▼ | $0.6738 ▼ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 14 ▼ | $128,719 ▼ | 211 ▼ | 795 ▲ | |||
 Glo DollarBrale | USDGLO | $535,324 ▼ | $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 | 13 ▼ | $1,635 ▼ | 22 ▼ | 151 ▲ | ||||||
 Tether MXNtTether Holdings | MXNT | $400,000 ▼ | $0.0200 ▼ | 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 △ | $526,022 △ | 3 △ | 4 △ | ||||||
 Alloy USDTTether Holdings | aUSDT | $396,351 ▲ | $1.0004 ▲ | US Dollar | Commodities - XAUT | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Swiss Custodian (undisclosed) | BDO Italia | 4 ▼ | $74,982 ▼ | 5 ▼ | 34 △ | |||||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $305,384 ▲ | $0.6406 ▼ | 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 | 57 ▲ | $344,308 ▲ | 313 ▲ | 580 ▲ | 2 Addresses | ||
 EUROeMembrane Finance | EUROe | | $267,000 ▼ | $1.1423 ▲ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 34 ▼ | $53,025 ▲ | 8 ▼ | 1,596 △ | 2 Addresses | ||||
VCHF | $184,163 ▲ | $1.2243 ▲ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 12 ▲ | $652,005 ▲ | 21 ▲ | 47 ▲ | |||||||
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $119,001 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | — | — | KK Yap & Associates | — | 2 ▲ | $58,322 ▲ | 2 ▲ | 195 △ | ||||
 Open Money USDOpen Money DAO | omUSD | $112,792 ▲ | $0.9998 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | 4 ▼ | $32 ▼ | 5 ▼ | 65 ▼ | ||||
 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 | 2 ▲ | $3,505 ▲ | 2 △ | 146 △ | |||||
 Verified USDVerified USD | USDV | $14,781 ▼ | $0.1003 ▼ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 10 ▼ | $1,168 ▼ | 11 ▼ | 256 ▼ |
RWA.xyzAll Rights Reserved