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

$166.19B

+1.64%from 30d ago

% of M2 Money Supply

0.8%

+1.64%from 30d ago

Monthly Transfer Volume

$1.20T

35.56%from 30d ago

Monthly Active Addresses

18.16M

1.8%from 30d ago

Holders

106.86M

+3.4%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 by Network

as of 07/27/2024

Top Entities

Rank
Issuer
Market Cap
30D%
1
Tether Logo

Tether

$114,094.87M
1.42%
2
Circle Logo

Circle

$34,495.05M
4.41%
3
MakerDAO Logo

MakerDAO

$4,984.96M
0.66%
4
Binance Logo

Binance

$4,408.84M
0.34%
5
Ethena Logo

Ethena

$3,245.45M
9.89%
6
First Digital Labs Logo

First Digital Labs

$2,051.56M
8.70%
7
Paxos Logo

Paxos

$770.97M
11.75%
8
USDD Protocol Logo

USDD Protocol

$732.35M
0.60%
9
Frax Finance Logo

Frax Finance

$647.96M
0.05%
10
Usual Logo

Usual

$128.06M
105.84%

Stablecoin Payment Corridors

View cross-border stablecoin payment corridors between different countries.

Get Access to Payment Corridor Metrics

as of 07/27/2024

Stablecoins

43 Total

Expand rows 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
Login to Unlock
Auditor
Login to Unlock
Transparency
Monthly Active Addresses
Monthly Transfer Volume
Monthly Transfer Count
Holders
Contract Address
$USDT
TRON LogoSolana LogoNEAR LogoEthereum LogoAvalanche Logo
$114,032,344,235
$1.0001

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
11,181,897
$638,771,761,942
83,864,417
66,433,451
5 Addresses
USDC IconUSDCCircle
$USDC
TRON LogoStellar LogoSolana LogoPolygon LogoOptimism LogoNoble LogoNEAR LogoEthereum LogoBinance Smart Chain LogoBase LogoAvalanche LogoArbitrum Logo
$34,464,379,919
$0.9988

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
2,501,817
$486,743,701,792
100,828,277
12,267,648
12 Addresses
DAI IconDAIMakerDAO
$DAI
Ethereum Logo

Ethereum

$4,984,958,169
$1.0001

US Dollar

Structured Credit+ 4 More

Non-Regulated

4 - Constrained
26,417
$15,075,523,397
195,920
627,058
$BSC-USD
Binance Smart Chain Logo

Binance Smart Chain

$3,987,524,663
$1.0008

US Dollar

4,324,780
$42,239,874,860
63,025,507
21,045,518
$USDe
Ethereum Logo

Ethereum

$3,245,446,316
$0.9992

US Dollar

Derivatives - Short ETH PerpsCryptocurrencies - ETH

Non-Regulated

9,246
$5,648,936,123
51,872
18,967
First Digital USD IconFirst Digital USDFirst Digital Labs
$FDUSD
Ethereum LogoBinance Smart Chain Logo
$2,051,556,824
$1.0001

US Dollar

Money Market - RRP+ 2 More
Hong Kong Flag

Hong Kong

Non-Regulated

4 - Constrained
First Digital Trust
Prescient Assurance LLC.
7,097
$3,452,893,512
45,436
42,825
2 Addresses
USDD IconUSDDUSDD Protocol
$USDD
TRON Logo

TRON

$732,348,338
$1.0000

US Dollar

CryptocurrenciesStablecoins

Non-Regulated

Huobi Exchange
1,768
$121,086,160
12,186
133,293
FRAX IconFRAXFrax Finance
$FRAX
Ethereum Logo

Ethereum

$647,955,691
$0.9957

US Dollar

Money Market - Fund+ 4 More

Non-Regulated

5 - Weak
Lead Bank
1,098
$790,654,705
20,982
12,696
$PYUSD
Solana LogoEthereum Logo
$586,954,686
$1.0007

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
14,660
$3,239,808,780
894,669
15,753
2 Addresses
$BSC-BUSD
Binance Smart Chain Logo

Binance Smart Chain

$421,313,714
$1.0002

US Dollar

74,645
$880,137,354
3,480,927
5,885,520
$USD0
Ethereum Logo

Ethereum

$128,057,719
$1.0000

US Dollar

Money Market - USYC
France Flag

France

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

6,713
$384,662,948
37,724
4,078
$USDP
Ethereum Logo

Ethereum

$114,499,523
$1.0004

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
896
$163,500,999
3,198
118,799
$GUSD
Ethereum Logo

Ethereum

$104,458,850
$1.0004

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
831
$176,104,902
3,953
23,636
GHO IconGHOAave
$GHO
Ethereum Logo

Ethereum

$99,916,456
$0.9948

US Dollar

US Treasury Debt - TokenizedCryptocurrencies

Non-Regulated

BNY Mellon Pershing
1,316
$246,328,950
8,999
2,234
Liquity IconLiquityLiquity Protocol
$LUSD
Ethereum Logo

Ethereum

$83,838,154
$0.9973

US Dollar

Cryptocurrencies - ETH

Non-Regulated

690
$90,508,156
4,800
11,848
$BUSD
Ethereum Logo

Ethereum

$69,519,104
$0.9956

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
1,315
$5,884,040
3,613
148,487
$EURS
Ethereum Logo

Ethereum

$45,174,059
$1.0865

Euro

Bank Deposits - EUR
Malta Flag

Malta

Malta Virtual Financial Assets (VFA) Framework

MFSA - Malta Financial Services Authority

EXT LTD+ 2 More
BDO Malta
164
$8,757,399
741
5,917
Bean IconBeanBeanstalk Protocol Governed by Beanstalk DAO
$BEAN
Ethereum Logo

Ethereum

$42,856,969
$0.8774

US Dollar

Cryptocurrencies - "Pods" Beanstalk Debt

Non-Regulated

92
$28,901,938
1,987
286
Mountain USD IconMountain USDMountain Protocol
4.94%
$USDM
Polygon LogoOptimism LogoEthereum LogoBase LogoArbitrum Logo
$41,894,754
$1.0001

US Dollar

Public Equity - Treasury ETF+ 4 More
Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

3 - Adequate
Nephos Group
943
$58,003,137
14,832
1,089
5 Addresses
AUSD IconAUSDAgora
$AUSD
Ethereum Logo

Ethereum

$40,144,686
$1.0000

US Dollar

3
$19,649,686
16
5
EUR CoinVertible IconEUR CoinVertibleSociete Generale
$EURCV
Ethereum Logo

Ethereum

$36,127,622
$1.0867

Euro

Bank Deposits - EUR
France Flag

France

France Digital Asset Service Provider (DASP) under PACTE Law

AMF - French Autorité des Marchés Financiers

17
$13,245,316
51
24
$EURT
Ethereum Logo

Ethereum

$35,188,963
$1.0542

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
288
$35,198,360
3,041
1,546
EURC IconEURCCircle
$EURC
Ethereum LogoAvalanche Logo
$30,671,959
$1.0864

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
662
$206,265,539
20,897
5,459
2 Addresses
$AGEUR
Ethereum Logo

Ethereum

$23,459,377
$1.0836

Euro

Corporate Bonds+ 2 More

Non-Regulated

WithumSmith+Brown
254
$31,776,577
3,990
2,938
$TRYB
Ethereum Logo

Ethereum

$19,816,627
$0.0301

Turkish Lira

Bank Deposits - TRY
Turkey Flag

Turkey

Non-Regulated

BiLira Teknoloji A.Ş.
Corpus Denetim ve Yeminili Mali Musavirlik AS
26
$237,151,379
252
919
$aUSDT
Ethereum Logo

Ethereum

$18,988,839
$0.9994

US Dollar

Commodities - XAUT
British Virgin Islands Flag

British Virgin Islands

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

Swiss Custodian (undisclosed)
BDO Italia
12
$18,199,340
26
18
Synthetix sUSD IconSynthetix sUSDSynthentix Protocol Governed by Synthetix DAO
$sUSD
Ethereum Logo

Ethereum

$18,483,904
$1.0011

US Dollar

Cryptocurrencies - SNX

Non-Regulated

289
$177,518,597
2,804
18,446
Z.com USD IconZ.com USDGMO Trust
$ZUSD
Stellar LogoEthereum Logo
$18,195,550
$1.0068

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
44
$982
99
688
2 Addresses
$XSGD
Ethereum Logo

Ethereum

$13,973,808
$0.7447

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
349
$20,273,549
1,311
2,972
Lift Dollar IconLift DollarPaxos Issuance MENA Ltd
5%
$USDL
Ethereum Logo

Ethereum

$10,495,315
$1.0000

US Dollar

Corporate Bonds+ 3 More
United Arab Emirates Flag

United Arab Emirates

Abu Dhabi Global Market

FSRA - Financial Services Regulatory Authority

Crowe Mak
8
$6,485,325
26
26
GMO JPY IconGMO JPYGMO Trust
$GYEN
Stellar LogoEthereum Logo
$9,877,845
$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
109
$1,402,661
314
10,726
2 Addresses
$CNHT
TRON LogoEthereum Logo
$6,289,109
$0.1398

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
2 Addresses
RupiahToken IconRupiahTokenPT Rupiah Token Indonesia
$IDRT
Polygon LogoEthereum LogoBinance Smart Chain Logo
$5,231,007
$0

Indonesian Rupiah

Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
79
$9,827,565
243
10,522
3 Addresses
Verified USD IconVerified USDVerified USD
$USDV
Ethereum Logo

Ethereum

$3,670,944
$0.9981

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)
54
$670,348
185
286
$BRZ
Ethereum Logo

Ethereum

$2,580,806
$0.1766

Brazilian Real

Bank Deposits - BRL+ 3 More
Switzerland Flag

Switzerland

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
24
$670,652
161
132
Forte AUD IconForte AUDForte Securities Australia Pty Limited
$AUDF
Polygon LogoEthereum LogoAvalanche Logo
$2,236,919
$0.6657

Australian Dollar

Bank Deposits - AUD
Australia Flag

Australia

Australian Financial Services License

ASIC - Australian Securities & Investments Commission

MVA Bennett
7
$86,306,291
183
15
3 Addresses
$MXNT
Ethereum Logo

Ethereum

$2,057,692
$0.0541

Mexican Peso

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
1
$0
0
1
$AUDD
Stellar LogoEthereum Logo
$1,211,096
$0.6733

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
28
$858,337
188
496
2 Addresses
Synthetix sEUR IconSynthetix sEURSynthentix Protocol Governed by Synthetix DAO
$sEUR
Ethereum Logo

Ethereum

$1,016,490
$1.0219

Euro

Cryptocurrencies - SNX

Non-Regulated

18
$117,630
97
780
$USDGLO
Ethereum Logo

Ethereum

$822,465
$1.0029

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
14
$1,130,958
53
115
EUROe IconEUROeMembrane Finance
$EUROe
Ethereum Logo

Ethereum

$775,553
$1.0971

Euro

Bank Deposits - EUR
Finland Flag

Finland

Finland Electronic Money Institution (EMI)

FSA - Finish Financial Supervisory Authority

Bank Frick
KPMG
21
$769,512
111
152
$XIDR
Ethereum Logo

Ethereum

$314,496
$0

Indonesian Rupiah

Bank Deposits - IDR
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
5
$105,897
5
204
$VCHF
Ethereum Logo

Ethereum

$79,188
$1.1232

Swiss Franc

Commodities - Gold
Liechtenstein Flag

Liechtenstein

Liechtenstein Blockchain Act

FMA - Liechtenstein Financial Market Authority

Philoro Edelmetallhandel AG
AREVA AG
7
$69,609
13
32

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