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

$202.67B

+8.88%from 30d ago

% of M2 Money Supply

0.97%

+8.88%from 30d ago

Monthly Transfer Volume

$2.39T

+15.26%from 30d ago

Monthly Active Addresses

22.74M

2.41%from 30d ago

Holders

138.91M

+4.41%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 12/21/2024

Top Entities

#
Issuer
# RWAs
Market Cap
30D%
Market Share
1
Tether Holdings Logo

Tether Holdings

18
$139,303.59M
7.30%
68.74%
2
Circle Logo

Circle

23
$41,856.56M
11.03%
20.65%
3
Ethena Logo

Ethena

2
$5,923.50M
60.55%
2.92%
4
Binance Logo

Binance

2
$4,673.06M
0.05%
2.31%
5
Sky Logo

Sky

3
$4,503.35M
3.59%
2.22%
6
First Digital Labs Logo

First Digital Labs

2
$1,732.14M
24.05%
0.85%
7
Usual Logo

Usual

1
$1,371.57M
234.95%
0.68%
8
USDD Protocol Logo

USDD Protocol

1
$743.18M
1.82%
0.37%
9
Paxos Logo

Paxos

5
$711.06M
3.48%
0.35%
10
Frax Finance Logo

Frax Finance

2
$650.42M
0.31%
0.32%

Stablecoin Payment Corridors

View cross-border stablecoin payment corridors between different countries.

Get Access to Payment Corridor Metrics

as of 12/21/2024

Stablecoins

52 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
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Domicile
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License or Regulatory Framework
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S&P Stability Assessment
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Rating
by Bluechip
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Account Segregation
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Bankruptcy Remote
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Custodians
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Auditor
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Transparency
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Monthly Active Addresses
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Monthly Transfer Volume
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Tether USDt IconTether USDtTether Holdings
USDT
TRON LogoSolana LogoOptimism LogoNEAR LogoEthereum LogoCelo LogoAvalanche LogoArbitrum LogoAptos Logo
$139,249,797,065
$0.9992

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
11,928,165
$1,098,129,915,476
135,506,299
85,038,959
13 Addresses
USDC IconUSDCCircle
USDC
TRON LogoStellar LogoSolana LogoPolygon LogoOptimism LogoNoble LogoNEAR LogoEthereum LogoCelo LogoBinance Smart Chain LogoBase LogoAvalanche LogoArbitrum LogoAptos Logo
$41,774,678,680
$1.0000

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
4,670,296
$1,043,625,537,252
190,121,196
19,170,322
19 Addresses
USDe
Solana LogoEthereum Logo
$5,923,497,986
$0.9989

US Dollar

Derivatives - Short ETH PerpsCryptocurrencies - ETH

N/A

Non-Regulated

13,094
$13,531,062,638
89,709
23,050
2 Addresses
USDS IconUSDSSky
USDS
NEAR LogoEthereum Logo
$4,503,345,951
$1.0000

US Dollar

Structured Credit+ 4 More

N/A

Non-Regulated

4 - Constrained
34,699
$112,373,278,762
253,253
648,402
3 Addresses
BSC-USD
$4,306,023,466
$1.0049

US Dollar

5,935,656
$94,806,601,618
53,267,057
27,149,041
First Digital USD IconFirst Digital USDFirst Digital Labs
FDUSD
Ethereum LogoBinance Smart Chain Logo
$1,732,141,548
$0.9961

US Dollar

Money Market - RRP+ 2 More
Hong Kong Flag

Hong Kong

Non-Regulated

4 - Constrained
First Digital Trust
Prescient Assurance LLC.
6,907
$9,353,147,785
140,140
49,288
2 Addresses
USD0
$1,371,567,919
$1.0008

US Dollar

Money Market - USYC
France Flag

France

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

3,944
$4,249,433,072
34,425
7,922
USDD IconUSDDUSDD Protocol
USDD
$743,176,337
$0.9979

US Dollar

CryptocurrenciesStablecoins

Non-Regulated

Huobi Exchange
1,470
$563,222,876
39,373
134,907
FRAX IconFRAXFrax Finance
FRAX
NEAR LogoEthereum Logo
$650,415,417
$0.9932

US Dollar

Money Market - Fund+ 4 More

N/A

Non-Regulated

5 - Weak
Lead Bank
1,207
$1,148,217,814
27,605
15,869
2 Addresses
PYUSD
Solana LogoEthereum Logo
$549,824,135
$1.0005

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
39,918
$5,596,035,044
1,464,974
43,017
2 Addresses
BSC-BUSD
$367,039,014
$1.0039

US Dollar

61,166
$805,439,727
3,015,739
6,222,403
deUSD
$234,682,906
$0.9991

US Dollar

Stablecoins - sDAI+ 3 More
British Virgin Islands Flag

British Virgin Islands

Ceffu Copper Clearloop
2,433
$679,675,105
13,144
1,288
GHO IconGHOAave
GHO
$151,351,843
$0.9959

US Dollar

US Treasury Debt - TokenizedCryptocurrencies

N/A

Non-Regulated

BNY Mellon Pershing
1,648
$753,803,904
13,376
2,949
USDz
Manta Pacific LogoEthereum LogoBlast LogoBase Logo
$93,704,339
$0.9713

US Dollar

Private Credit - sPCT
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

130
$8,404,231
510
881
4 Addresses
USDP
Solana LogoEthereum Logo
$93,413,407
$0.9993

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
14,353
$199,397,978
38,017
126,734
2 Addresses
EURC IconEURCCircle
EURC
Stellar LogoEthereum LogoBase LogoAvalanche Logo
$81,877,608
$1.0359

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
1,093
$378,109,160
12,074
10,361
4 Addresses
USDtb IconUSDtbPallas Fund
USDtb
Solana LogoEthereum LogoBase LogoArbitrum Logo
$79,018,414
$0.9984

US Dollar

US Treasury Debt - BUIDL
British Virgin Islands Flag

British Virgin Islands

17
$543,604
94
34
4 Addresses
M IconMM^0
M
$69,870,666
$1.0000

US Dollar

N/A

9
$56,048,329
29
22
Lift Dollar IconLift DollarPaxos Issuance MENA Ltd
4.5%
USDL
$67,888,427
$1.0006

US Dollar

Corporate Bonds+ 3 More
United Arab Emirates Flag

United Arab Emirates

Abu Dhabi Global Market

FSRA - Financial Services Regulatory Authority

Crowe Mak
179
$201,409,357
552
136
BUSD
$67,818,497
$0.9941

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
1,253
$44,841,348
3,661
152,645
Liquity LUSD IconLiquity LUSDLiquity Protocol
LUSD
$61,942,846
$0.9976

US Dollar

Cryptocurrencies - ETH

N/A

Non-Regulated

605
$109,661,904
3,351
11,649
Mountain USD IconMountain USDMountain Protocol
4.5%
USDM
Polygon LogoOptimism LogoEthereum LogoBase LogoArbitrum Logo
$54,040,937
$0.9970

US Dollar

Public Equity - Treasury ETF+ 4 More
Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

3 - Adequate
Nephos Group
2,991
$62,072,625
12,250
3,379
5 Addresses
Anchored Coins EUR IconAnchored Coins EURAnchored Coins
AEUR
Ethereum LogoBinance Smart Chain Logo
$53,810,712
$0.9523

Euro

Switzerland Flag

Switzerland

5
$653
7
146
2 Addresses
Ripple USD IconRipple USDStandard Custody & Trust Company
RLUSD
$53,049,308
$0.9972

US Dollar

98
$15,619,329
913
619
AUSD IconAUSDAgora
AUSD
Mantle LogoEthereum LogoAvalanche Logo
$50,105,781
$0.9997

US Dollar

Bank Deposits - USD+ 2 More
British Virgin Islands Flag

British Virgin Islands

State Street
15,695
$1,638,653,144
269,488
14,181
3 Addresses
EUR CoinVertible IconEUR CoinVertibleSociete Generale
EURCV
$41,185,322
$1.0369

Euro

Bank Deposits - EUR
France Flag

France

France Digital Asset Service Provider (DASP) under PACTE Law

AMF - French Autorité des Marchés Financiers

11
$4,644,147
31
37
Tether EURt IconTether EURtTether Holdings
EURT
$30,630,324
$1.0353

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
426
$25,728,758
1,650
1,749
Global Dollar IconGlobal DollarPaxos Digital Singapore
USDG
$29,346,024
$1.0029

US Dollar

US Treasury Debt+ 2 More
Singapore Flag

Singapore

14
$7,925,539
44
21
XSGD
$23,064,224
$0.7320

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
355
$21,323,161
1,538
2,992
TRYB
$21,273,732
$0.0281

Turkish Lira

Bank Deposits - TRY
Turkey Flag

Turkey

Non-Regulated

BiLira Teknoloji A.Ş.
Corpus Denetim ve Yeminili Mali Musavirlik AS
26
$814,011,786
643
842
EURS
XDC LogoEthereum Logo
$20,787,046
$1.0365

Euro

Bank Deposits - EUR
Malta Flag

Malta

Malta Virtual Financial Assets (VFA) Framework

MFSA - Malta Financial Services Authority

EXT LTD+ 2 More
BDO Malta
169
$6,621,454
8,968
5,948
2 Addresses
AGEUR
$19,959,575
$1.0359

Euro

Corporate Bonds+ 2 More

N/A

Non-Regulated

WithumSmith+Brown
125
$21,735,526
1,225
2,891
Alloy USDT IconAlloy USDTTether Holdings
aUSDT
$19,694,842
$1.0007

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
7
$308,715
10
29
Bean IconBeanBeanstalk Protocol Governed by Beanstalk DAO
BEAN
$16,547,033
$0.4953

US Dollar

Cryptocurrencies - "Pods" Beanstalk Debt

Non-Regulated

2
$2,062
4
234
GUSD
$11,305,187
$0.9989

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
963
$118,411,412
3,011
22,102
Z.com USD IconZ.com USDGMO Trust
ZUSD
Stellar LogoSolana LogoEthereum Logo
$10,995,489
$0.5812

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
10
$955
51
690
3 Addresses
GMO JPY IconGMO JPYGMO Trust
GYEN
Stellar LogoSolana LogoEthereum Logo
$9,645,957
$0.0062

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
245
$1,523,508
604
11,137
3 Addresses
Synthetix sUSD IconSynthetix sUSDSynthentix Protocol Governed by Synthetix DAO
sUSD
$6,179,331
$0.9880

US Dollar

Cryptocurrencies - SNX

N/A

Non-Regulated

414
$31,131,708
1,139
19,748
RupiahToken IconRupiahTokenPT Rupiah Token Indonesia
IDRT
Polygon LogoEthereum LogoBinance Smart Chain Logo
$4,678,011
$0

Indonesian Rupiah

Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
124
$106,602,064
479
10,681
3 Addresses
Forte AUD IconForte AUDForte Securities Australia Pty Limited
AUDF
Polygon LogoEthereum LogoAvalanche Logo
$4,077,717
$0.6657

Australian Dollar

Bank Deposits - AUD
Australia Flag

Australia

Australian Financial Services License

ASIC - Australian Securities & Investments Commission

MVA Bennett
9
$243,899,587
38,263
16
3 Addresses
Fathom Dollar IconFathom DollarFathom DAO
FXD
$2,898,232
$1.0451

US Dollar

Cryptocurrencies - XDC

N/A

Non-Regulated

97
$7,697,495
71,446
645
Tether CNHt IconTether CNHtTether Holdings
CNHT
TRON LogoEthereum Logo
$2,483,083
$0.1211

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
1
$5,468
1
56
2 Addresses
BRZ
$2,249,214
$0.1607

Brazilian Real

Bank Deposits - BRL+ 3 More
Switzerland Flag

Switzerland

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
25
$169,125
84
204
AUDD
Stellar LogoEthereum Logo
$1,700,110
$0.6022

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
42
$6,268,854
151
530
2 Addresses
Tether MXNt IconTether MXNtTether Holdings
MXNT
$983,417
$0.0492

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
$10
1
4
Synthetix sEUR IconSynthetix sEURSynthentix Protocol Governed by Synthetix DAO
sEUR
$796,000
$0.8000

Euro

Cryptocurrencies - SNX

N/A

Non-Regulated

14
$92,994
59
790
USDGLO
$596,435
$0.9997

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
18
$732,115
30
128
EUROe IconEUROeMembrane Finance
EUROe
$326,410
$1.0418

Euro

Bank Deposits - EUR
Finland Flag

Finland

Finland Electronic Money Institution (EMI)

FSA - Finish Financial Supervisory Authority

Bank Frick
KPMG
19
$817,338
54
146
Verified USD IconVerified USDVerified USD
USDV
$146,677
$0.9989

US Dollar

British Virgin Islands Flag

British Virgin Islands

Singapore Securities and Futures Act Section 275 Exemption

MAS - Monetary Authority of Singapore

6
$61,404
9
251
XIDR
$121,274
$0

Indonesian Rupiah

Bank Deposits - IDR
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
4
$32,915
4
197
VCHF
$61,250
$1.1153

Swiss Franc

Commodities - Gold
Liechtenstein Flag

Liechtenstein

Liechtenstein Blockchain Act

FMA - Liechtenstein Financial Market Authority

Philoro Edelmetallhandel AG
AREVA AG
2
$28,005
4
39
Poundtoken IconPoundtokenBlackfridge SC Limited
1GBP
$60,271
$1.3172

Great British Pound

Bank Deposits - GPT
Isle of Man Flag

Isle of Man

Isle of Man Money Transmission Services License

IMFSA - Isle of Man Financial Services Authority

Digivault
KPMG
5
$9,368
32
145

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