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.

Show % of Total

Group By

Market Caps

Group By

as of 01/13/2025

Top Entities

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

Tether Holdings

18
$136,805.41M
2.21%
67.12%
2
Circle Logo

Circle

23
$44,700.66M
8.86%
21.93%
3
Ethena Logo

Ethena

2
$5,781.27M
0.45%
2.84%
4
Sky Logo

Sky

3
$5,140.75M
14.54%
2.52%
5
Binance Logo

Binance

2
$4,651.65M
0.01%
2.28%
6
First Digital Labs Logo

First Digital Labs

2
$1,795.43M
12.13%
0.88%
7
Usual Logo

Usual

1
$1,539.33M
83.45%
0.76%
8
USDD Protocol Logo

USDD Protocol

1
$739.00M
0.24%
0.36%
9
Paxos Logo

Paxos

5
$685.34M
2.03%
0.34%
10
Frax Finance Logo

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 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
$136,767,905,493
$0.9998

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
12,733,328
$974,505,032,495
189,692,216
87,012,927
13 Addresses
USDC IconUSDCCircle
USDC
TRON LogoStellar LogoSolana LogoPolygon LogoOptimism LogoNoble LogoNEAR LogoEthereum LogoCelo LogoBinance Smart Chain LogoBase LogoAvalanche LogoArbitrum LogoAptos Logo
$44,621,168,390
$0.9999

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
5,205,012
$3,661,688,168,397
221,112,754
19,991,979
19 Addresses
USDe
Solana LogoEthereum Logo
$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
USDS IconUSDSSky
USDS
NEAR LogoEthereum Logo
$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
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 USD IconFirst Digital USDFirst Digital Labs
FDUSD
Ethereum LogoBinance Smart Chain Logo
$1,795,425,858
$0.9989

US Dollar

Money Market - RRP+ 2 More
Hong Kong Flag

Hong Kong

Non-Regulated

4 - Constrained
First Digital Trust
Prescient Assurance LLC.
9,242
$8,802,695,307
157,420
50,426
2 Addresses
USD0
$1,539,328,164
$0.9988

US Dollar

Money Market - USYC
France Flag

France

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

5,417
$9,195,165,248
61,063
7,410
USDD IconUSDDUSDD Protocol
USDD
$738,999,172
$0.9932

US Dollar

CryptocurrenciesStablecoins

Non-Regulated

Huobi Exchange
1,223
$438,808,865
28,462
135,012
FRAX IconFRAXFrax Finance
FRAX
NEAR LogoEthereum Logo
$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
PYUSD
Solana LogoEthereum Logo
$533,910,138
$0.9996

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
44,083
$3,516,285,274
1,666,759
46,160
2 Addresses
BSC-BUSD
$365,644,511
$1.0001

US Dollar

61,572
$672,359,480
3,157,381
6,223,617
deUSD
$245,234,067
$0.9988

US Dollar

Stablecoins - sDAI+ 3 More
British Virgin Islands Flag

British Virgin Islands

Ceffu Copper Clearloop
9,665
$649,451,569
62,665
2,107
GHO IconGHOAave
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 Dollar IconLift DollarPaxos Issuance MENA Ltd
4.5%
USDL
$138,967,385
$0.9995

US Dollar

Corporate Bonds+ 3 More
United Arab Emirates Flag

United Arab Emirates

Abu Dhabi Global Market

FSRA - Financial Services Regulatory Authority

Crowe Mak
115
$312,767,595
402
139
M IconMM^0
M
$105,229,435
$1.0000

US Dollar

N/A

7
$173,615,112
56
21
USDP
Solana LogoEthereum Logo
$93,556,871
$0.9999

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
4,267
$139,865,298
13,925
126,981
2 Addresses
USDz
Manta Pacific LogoEthereum LogoBlast LogoBase Logo
$93,549,365
$0.9716

US Dollar

Private Credit - sPCT
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

157
$11,034,527
758
959
4 Addresses
USDtb IconUSDtbPallas Fund
USDtb
Solana LogoEthereum LogoBase LogoArbitrum Logo
$89,334,278
$0.9997

US Dollar

US Treasury Debt - BUIDL
British Virgin Islands Flag

British Virgin Islands

30
$934,317
144
39
4 Addresses
EURC IconEURCCircle
EURC
Stellar LogoEthereum LogoBase LogoAvalanche Logo
$79,488,383
$1.0235

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
1,202
$435,236,592
13,989
10,698
4 Addresses
Liquity LUSD IconLiquity 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 USD IconRipple USDStandard Custody & Trust Company
RLUSD
$61,784,361
$0.9994

US Dollar

230
$98,893,970
1,439
841
BUSD
$57,874,635
$0.9568

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
970
$17,069,979
2,828
152,612
Anchored Coins EUR IconAnchored Coins EURAnchored Coins
AEUR
Ethereum LogoBinance Smart Chain Logo
$56,201,941
$0.9946

Euro

Switzerland Flag

Switzerland

2
$259
3
147
2 Addresses
Mountain USD IconMountain USDMountain Protocol
4.5%
USDM
Polygon LogoOptimism LogoEthereum LogoBase LogoArbitrum Logo
$50,036,830
$0.9995

US Dollar

Public Equity - Treasury ETF+ 4 More
Bermuda Flag

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
AUSD IconAUSDAgora
AUSD
Mantle LogoEthereum LogoAvalanche Logo
$44,666,900
$0.9993

US Dollar

Bank Deposits - USD+ 2 More
British Virgin Islands Flag

British Virgin Islands

State Street
4,845
$1,503,433,141
286,671
17,187
3 Addresses
EUR CoinVertible IconEUR CoinVertibleSociete Generale
EURCV
$40,821,311
$1.0241

Euro

Bank Deposits - EUR
France Flag

France

France Digital Asset Service Provider (DASP) under PACTE Law

AMF - French Autorité des Marchés Financiers

7
$1,544,540
10
37
Global Dollar IconGlobal DollarPaxos Digital Singapore
USDG
$31,798,985
$1.0003

US Dollar

US Treasury Debt+ 2 More
Singapore Flag

Singapore

12
$7,679,020
51
27
Tether EURt IconTether EURtTether Holdings
EURT
$30,149,966
$1.0191

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
257
$15,547,985
943
1,808
XSGD
$21,138,036
$0.7287

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
313
$17,626,200
1,484
3,055
EURS
XDC LogoEthereum Logo
$20,582,235
$1.0262

Euro

Bank Deposits - EUR
Malta Flag

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
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
TRYB
$17,559,514
$0.0283

Turkish Lira

Bank Deposits - TRY
Turkey Flag

Turkey

Non-Regulated

BiLira Teknoloji A.Ş.
Corpus Denetim ve Yeminili Mali Musavirlik AS
24
$917,467,066
554
843
Bean IconBeanBeanstalk Protocol Governed by Beanstalk DAO
BEAN
$14,795,247
$0.4428

US Dollar

Cryptocurrencies - "Pods" Beanstalk Debt

Non-Regulated

3
$78
4
236
Synthetix sUSD IconSynthetix 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 USD IconZ.com USDGMO Trust
ZUSD
Stellar LogoSolana LogoEthereum Logo
$9,936,233
$0.5253

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
16
$335
73
689
3 Addresses
GMO JPY IconGMO JPYGMO Trust
GYEN
Stellar LogoSolana LogoEthereum Logo
$9,674,410
$0.0063

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
156
$1,349,954
376
11,175
3 Addresses
GUSD
$8,205,181
$0.9998

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
852
$130,096,812
3,166
22,006
RupiahToken IconRupiahTokenPT Rupiah Token Indonesia
IDRT
Polygon LogoEthereum LogoBinance Smart Chain Logo
$3,893,865
$0

Indonesian Rupiah

Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
142
$137,851,212
604
10,711
3 Addresses
Alloy USDT IconAlloy USDTTether Holdings
aUSDT
$3,604,017
$1.0009

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
$50,076,153
45
31
Fathom Dollar IconFathom DollarFathom DAO
FXD
$2,927,320
$1.0432

US Dollar

Cryptocurrencies - XDC

N/A

Non-Regulated

135
$27,018,663
407,393
682
Tether CNHt IconTether CNHtTether Holdings
CNHT
TRON LogoEthereum Logo
$2,787,378
$0.1359

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
56
2 Addresses
Forte AUD IconForte AUDForte Securities Australia Pty Limited
AUDF
Polygon LogoEthereum LogoAvalanche Logo
$2,534,794
$0.6145

Australian Dollar

Bank Deposits - AUD
Australia Flag

Australia

Australian Financial Services License

ASIC - Australian Securities & Investments Commission

MVA Bennett
8
$195,101,805
2,004
18
3 Addresses
BRZ
$2,289,821
$0.1636

Brazilian Real

Bank Deposits - BRL+ 3 More
Switzerland Flag

Switzerland

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
33
$342,477
143
207
AUDD
Stellar LogoEthereum Logo
$1,528,552
$0.6094

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
13
$17,010
51
528
2 Addresses
Open Money USD IconOpen Money USDOpen Money DAO
omUSD
$999,863
$0.9999

US Dollar

14
$142,681
190
86
Tether MXNt IconTether MXNtTether Holdings
MXNT
$967,741
$0.0484

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
$757,973
$0.7618

Euro

Cryptocurrencies - SNX

N/A

Non-Regulated

10
$92,903
68
790
USDGLO
$597,016
$1.0007

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
13
$582,701
21
129
EUROe IconEUROeMembrane Finance
EUROe
$346,063
$1.0229

Euro

Bank Deposits - EUR
Finland Flag

Finland

Finland Electronic Money Institution (EMI)

FSA - Finish Financial Supervisory Authority

Bank Frick
KPMG
10
$245,998
63
147
Verified USD IconVerified USDVerified USD
USDV
$145,814
$0.9991

US Dollar

British Virgin Islands Flag

British Virgin Islands

Singapore Securities and Futures Act Section 275 Exemption

MAS - Monetary Authority of Singapore

13
$48,806
15
247
XIDR
$121,116
$0

Indonesian Rupiah

Bank Deposits - IDR
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
1
$0
0
197
Poundtoken IconPoundtokenBlackfridge SC Limited
1GBP