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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
$207.17B
▲+2.12%from 30d ago
% of M2 Money Supply
0.99%
▲+2.12%from 30d ago
Monthly Transfer Volume
$4.97T
▲+110.85%from 30d ago
Monthly Active Addresses
25.15M
▲+11.15%from 30d ago
Holders
144.30M
▲+4.07%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 01/20/2025
Top Entities
# | Issuer | # RWAs | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 18 | $137,596.56M | ▼1.23% | 66.42% ▼ |
2 |  Circle | 23 | $47,035.22M | ▲11.97% | 22.70% ▲ |
3 |  Ethena | 2 | $5,812.57M | ▼1.73% | 2.81% ▼ |
4 |  Sky | 3 | $5,425.50M | ▲19.58% | 2.62% ▲ |
5 |  Binance | 2 | $4,651.60M | ▲0.12% | 2.25% ▼ |
6 |  First Digital Labs | 2 | $1,875.58M | ▲8.07% | 0.91% ▲ |
7 |  Usual | 1 | $1,319.99M | ▼5.98% | 0.64% ▼ |
8 |  USDD Protocol | 1 | $750.61M | ▲0.34% | 0.36% ▼ |
9 |  Paxos | 5 | $718.73M | ▲1.28% | 0.35% ▼ |
10 |  Frax Finance | 2 | $652.21M | ▲0.03% | 0.31% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 01/20/2025
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 |          | $137,558,922,430 ▼ | $0.9989 ▼ | 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 | 12,760,930 ▲ | $960,789,524,206 ▼ | 212,785,368 ▲ | 87,966,361 ▲ | 13 Addresses | ||||
 USDCCircle | USDC |      | $46,949,203,259 ▲ | $1.0000 ▲ | 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 | 5,399,325 ▲ | $3,764,695,744,305 ▲ | 233,848,595 ▲ | 20,394,700 ▲ | 19 Addresses | ||||
 Ethena USDeEthena | USDe | | $5,812,565,614 ▼ | $0.9996 ▼ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | — | — | — | — | 16,392 ▲ | $8,291,322,297 ▼ | 136,173 ▲ | 24,711 ▲ | 2 Addresses |
| USDSSky | USDS | | $5,425,496,336 ▲ | $0.9998 ▲ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 29,201 ▼ | $106,546,841,122 ▼ | 212,088 ▼ | 649,078 ▲ | 3 Addresses | |||
 Binance-Peg USDBinance | BSC-USD | $4,285,137,003 ▲ | $1.0000 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 6,797,835 ▲ | $101,867,589,811 ▲ | 59,121,501 ▲ | 28,367,188 ▲ | ||
 First Digital USDFirst Digital Labs | FDUSD | | $1,875,582,891 ▲ | $0.9990 ▼ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 7,677 ▲ | $6,695,574,706 ▼ | 148,974 ▲ | 50,554 ▲ | 2 Addresses | ||||
 Usual USDUsual | USD0 | $1,319,988,019 ▼ | $0.9997 ▲ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 4,558 ▲ | $8,493,338,504 ▲ | 53,139 ▲ | 7,314 ▼ | |||||
 USDDUSDD Protocol | USDD | $750,608,351 ▲ | $0.9974 ▲ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 1,280 ▼ | $491,577,828 ▼ | 28,460 ▼ | 135,086 ▲ | ||||||
 FRAXFrax Finance | FRAX | | $652,210,548 ▲ | $0.9966 ▼ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 1,325 ▲ | $954,395,925 ▼ | 26,834 ▼ | 16,288 ▲ | 2 Addresses | |||
 Paypal USDPaxos | PYUSD | | $564,869,231 ▲ | $1.0002 ▲ | 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 | 44,952 ▲ | $2,996,977,256 ▼ | 1,835,850 ▲ | 47,346 ▲ | 2 Addresses | ||||
 Binance-Peg BUSDBinance | BSC-BUSD | $366,460,061 ▲ | $1.0024 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 62,462 ▲ | $529,229,424 ▼ | 2,960,853 ▼ | 6,224,086 ▲ | ||
 Elixir deUSDElixir | deUSD | $249,123,745 ▲ | $0.9998 ▼ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 9,460 ▲ | $602,817,579 ▼ | 64,430 ▲ | 2,377 ▲ | ||||
 GHOAave | GHO | $172,561,281 ▲ | $0.9994 ▼ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 1,645 ▲ | $480,926,944 ▼ | 10,858 ▼ | 3,053 ▲ | |||||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $119,075,019 ▲ | $1.0003 ▼ | US Dollar | Corporate Bonds+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 116 ▼ | $352,690,815 ▲ | 422 ▼ | 143 ▲ | |||||
 MM^0 | M | $105,259,372 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | — | — | 9 △ | $194,184,583 ▲ | 57 ▲ | 19 ▼ | ||
 Anzen USDzAnzen | USDz |   | $96,386,956 ▲ | $0.9952 ▲ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 137 ▲ | $9,399,000 ▲ | 617 ▲ | 970 ▲ | 4 Addresses | ||
 Pax DollarPaxos | USDP | | $93,569,711 ▲ | $0.9992 ▼ | 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 | 2,985 ▼ | $152,819,157 ▼ | 10,838 ▼ | 127,071 ▲ | 2 Addresses | ||||
 USDtbPallas Fund | USDtb | | $89,354,403 ▲ | $0.9999 ▼ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 28 ▲ | $1,434,222 ▲ | 94 ▼ | 41 ▲ | 4 Addresses | |
 EURCCircle | EURC | | $86,015,193 ▲ | $1.0301 ▲ | 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 | 1,173 ▲ | $384,775,477 ▲ | 13,911 ▲ | 10,890 ▲ | 4 Addresses | |||
 Ripple USDStandard Custody & Trust Company | RLUSD | $67,008,214 ▲ | $1.0001 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 237 ▲ | $257,936,914 ▲ | 1,004 ▲ | 936 ▲ | ||
 Liquity LUSDLiquity Protocol | LUSD | $61,018,918 ▼ | $0.9988 ▲ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 527 ▼ | $51,681,590 ▼ | 2,490 ▼ | 11,668 ▲ | ||||||
 Binance USDPaxos | BUSD | $60,287,453 ▼ | $0.9966 ▲ | 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 | 983 ▼ | $6,692,287 ▼ | 2,714 ▼ | 152,599 ▼ | |||||
 Anchored Coins EURAnchored Coins | AEUR | | $54,467,934 ▼ | $0.9640 ▼ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 1 ▼ | $259 ▼ | 3 ▼ | 147 ▲ | 2 Addresses |
 Mountain USDMountain Protocol | USDM | | $50,113,179 ▼ | $0.9999 ▲ | US Dollar | Public Equity - Treasury ETF+ 4 More |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 2,818 ▼ | $62,448,828 ▲ | 21,432 ▲ | 5,647 ▲ | 5 Addresses | ||||
 AUSDAgora | AUSD |  | $44,719,893 ▼ | $1.0004 ▲ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 3,060 ▼ | $1,566,486,421 ▼ | 285,671 ▲ | 17,180 ▲ | 3 Addresses | ||
 EUR CoinVertibleSociete Generale | EURCV | $41,048,742 ▼ | $1.0285 ▲ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | — | — | — | — | 7 ▼ | $1,439,379 ▼ | 8 ▼ | 37 △ | |||||
 Global DollarPaxos Digital Singapore | USDG | $31,185,671 ▲ | $1.0002 ▲ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 11 ▼ | $9,144,720 ▲ | 42 ▲ | 27 ▲ | |||
 Tether EURtTether Holdings | EURT | $30,270,950 ▼ | $1.0232 ▼ | 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 | 205 ▼ | $3,133,683 ▼ | 835 ▼ | 1,818 ▲ | ||||||
 Stasis EuroStasis | EURS |  | $25,428,401 ▲ | $1.2679 ▲ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 180 ▲ | $5,217,614 ▼ | 17,988 ▲ | 5,991 ▲ | 2 Addresses | |
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | $21,167,791 ▼ | $0.7297 ▲ | Singapore Dollar | non-US Government Debt - Singaporean Treasury BillsBank Deposits - SGD | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | KK Yap & Associates | 298 ▼ | $19,611,420 ▼ | 1,558 △ | 3,081 ▲ | ||||||
 Angle EuroAngle | AGEUR | $19,543,010 ▼ | $1.0295 ▲ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 121 ▼ | $16,780,231 ▼ | 1,293 ▲ | 2,889 ▼ | |||||
 Z.com USDGMO Trust | ZUSD | | $15,960,564 ▲ | $0.8437 ▲ | 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 | — | 18 ▲ | $395 ▼ | 66 ▲ | 690 ▼ | 3 Addresses | |||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $14,118,888 ▼ | $0.4226 ▼ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 3 ▲ | $78 ▼ | 4 △ | 236 ▲ | |||||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $13,008,435 ▲ | $0.9880 ▲ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 313 ▼ | $25,358,708 ▼ | 1,525 ▲ | 19,768 ▲ | |||
 Gemini DollarGemini | GUSD | $9,893,389 ▼ | $1.0004 ▼ | 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 | 783 ▼ | $108,724,706 ▼ | 3,222 ▲ | 21,985 ▼ | ||||||
 GMO JPYGMO Trust | GYEN | | $9,411,386 ▼ | $0.0061 ▲ | 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 | 145 ▼ | $96,642 ▼ | 407 ▼ | 11,186 ▲ | 3 Addresses | |||
 BiLira Turkish LiraBiLira | TRYB | $7,386,305 ▼ | $0.0282 ▼ | Turkish Lira | Bank Deposits - TRY |  Turkey | Non-Regulated | — | — | — | BiLira Teknoloji A.Ş. | Corpus Denetim ve Yeminili Mali Musavirlik AS | 27 ▲ | $816,987,779 ▲ | 506 ▼ | 845 ▲ | ||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,887,879 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 99 ▼ | $155,689,878 ▲ | 635 ▲ | 10,731 ▲ | 3 Addresses | |
 Alloy USDTTether Holdings | aUSDT | $3,603,500 ▼ | $1.0008 ▼ | US Dollar | Commodities - XAUT | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Swiss Custodian (undisclosed) | BDO Italia | 13 ▲ | $50,068,004 ▲ | 47 ▲ | 30 ▲ | ||||
| Fathom DollarFathom DAO | FXD | $2,975,185 ▲ | $1.0738 ▲ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 145 ▲ | $27,672,357 ▲ | 439,794 ▲ | 693 ▲ | |||
 Tether CNHtTether Holdings | CNHT | | $2,790,869 ▲ | $0.1361 ▲ | 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 | | $2,553,640 ▼ | $0.6191 ▲ | Australian Dollar | Bank Deposits - AUD |  Australia | Australian Financial Services License ASIC - Australian Securities & Investments Commission | — | — | — | — | — | MVA Bennett | 29 ▲ | $211,577,452 ▼ | 2,481 ▼ | 38 ▲ | 3 Addresses | |
 Transfero: BRZTransfero | BRZ | $2,416,866 ▲ | $0.1726 ▲ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 44 ▲ | $370,258 ▲ | 179 ▲ | 216 ▲ | ||||
 Open Money USDOpen Money DAO | omUSD | $998,772 ▼ | $0.9988 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | 14 ▼ | $130,138 ▼ | 173 ▼ | 86 △ | |||
 Tether MXNtTether Holdings | MXNT | $970,375 ▼ | $0.0485 ▲ | 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 | $708,929 ▼ | $0.7125 ▼ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 11 ▼ | $133,370 ▲ | 90 ▲ | 792 ▲ | ||
 Glo DollarBrale | USDGLO | $597,105 ▲ | $1.0008 ▼ | US Dollar | US Treasury DebtBank Deposits - USD | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Abdo Solutions | 10 ▼ | $227,638 ▼ | 20 ▼ | 129 ▲ | |||||
 EUROeMembrane Finance | EUROe | $348,230 ▲ | $1.0294 ▲ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 9 ▼ | $226,579 ▼ | 63 ▲ | 146 △ | |||||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $266,541 ▼ | $0.6197 ▲ | 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 | 17 ▼ | $543,586 ▼ | 76 ▼ | 530 △ | 2 Addresses | |
 Verified USDVerified USD | USDV | $145,783 ▼ | $0.9951 ▼ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 15 ▲ | $40,723 ▼ | 27 ▲ | 249 ▼ | |||||
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $120,468 ▼ | $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 | $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 △ | ||||
VCHF | $59,943 ▼ | $1.0916 ▲ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 4 ▲ | $88,433 ▲ | 5 ▲ | 38 ▼ |
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