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

$157.993 B

+0.37%from 7d ago

% of M2 Money Supply

0.76%

+0.41%from 7d ago

Weekly Transfer Volume

$496.534 B

+20.36%from 7d ago

Weekly Active Addresses

1,118,187

16.64%from 7d 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 04/30/2024

League Tables

Rank
Issuer
Market Cap
30D %
1
Tether
$114,447.54 M
5.54%
2
Circle
$30,719.11 M
2.78%
3
First Digital Labs
$4,415.95 M
72.06%
4
MakerDAO
$3,196.52 M
1.20%
5
Ethena
$2,349.73 M
52.74%
6
Paxos
$944.15 M
11.79%
7
USDD Protocol
$712.24 M
2.72%
8
Frax Finance
$649.07 M
0.28%
9
Techteryx
$271.34 M
5.85%
10
Liquity Protocol
$111.62 M
9.95%

Stablecoin Payment Corridors

View cross-border stablecoin payment corridors between different countries.

Get Access to Payment Corridor Metrics

as of 04/30/2024

Stablecoins

35 Total

Click a row 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
Governing Body & Regulatory Framework
S&P Stability Assessment
Rating
by Bluechip
Account Segregation
Bankruptcy Remote
Custodians
Login to Unlock
Auditor
Login to Unlock
Transparency
Weekly Active Addresses
Weekly Transfer Volume
Weekly Transfer Count
Holders
Contract Address
Tether USDt Icon
Tether USDt
Tether
$USDT
TRON LogoSolana LogoEthereum LogoBinance Smart Chain Logo
$114,398,607,225
$0.9997

US Dollar

Money Market - Fund+ 6 More
British Virgin Islands Flag

British Virgin Islands

FinCEN - Financial Crimes Enforcement Network

U.S. Money Services Business

4 - Constrained
Cantor Fitzgerald+ 6 More
BDO Italia
920,651
$134,816,531,841
25,575,475
76,732,001
4 Addresses
USD Coin Icon
USD Coin
Circle
$USDC
TRON LogoStellar LogoSolana LogoPolygon LogoOptimism LogoEthereum LogoBinance Smart Chain LogoArbitrum Logo
$30,690,477,513
$0.9994

US Dollar

Money Market - Fund+ 3 More
United States of America Flag

United States of America

FinCEN - Financial Crimes Enforcement Network

U.S. Money Services Business

1 - Very strong
The Bank of New York Mellon
Deloitte
186,945
$350,772,798,308
28,295,157
10,003,456
8 Addresses
First Digital USD Icon
First Digital USD
First Digital Labs
$FDUSD
Ethereum LogoBinance Smart Chain Logo
$4,415,950,852
$0.9989

US Dollar

Money Market - RRP+ 2 More
Hong Kong Flag

Hong Kong

3 - Adequate
First Digital Trust
Prescient Assurance LLC.
469
$3,972,495,047
27,916
28,961
2 Addresses
DAI Icon
DAI
MakerDAO
$DAI
Ethereum Logo

Ethereum

$3,196,521,224
$0.9982

US Dollar

Structured Credit+ 4 More
4 - Constrained
1,428
$3,982,571,357
41,615
620,825
Ethena USDe Icon
Ethena USDe
Ethena
$USDe
Ethereum Logo

Ethereum

$2,349,730,832
$0.9983

US Dollar

Derivatives - Short ETH PerpsCryptocurrencies - ETH
841
$1,467,062,218
17,949
15,771
USDD Icon
USDD
USDD Protocol
$USDD
TRON Logo

TRON

$712,241,063
$0.9804

US Dollar

CryptocurrenciesStablecoins
Huobi Exchange
106
$6,271,038
2,306
133,011
FRAX Icon
FRAX
Frax Finance
$FRAX
Ethereum Logo

Ethereum

$649,066,377
$0.9985

US Dollar

Money Market - Fund+ 4 More
5 - Weak
Lead Bank
134
$322,918,612
4,866
12,392
Binance USD Icon
Binance USD
Paxos
$BUSD
Ethereum LogoBinance Smart Chain Logo
$492,690,083
$0.9969

US Dollar

US Treasury Debt+ 2 More
United States of America Flag

United States of America

NYDFS - New York State Department of Financial Services

New York State, U.S. Virtual Currency Business

BMO Harris Bank N.A.+ 4 More
WithumSmith+Brown
6,903
$157,450,361
850,351
6,022,251
2 Addresses
Paypal USD Icon
Paypal USD
Paxos
$PYUSD
Ethereum Logo

Ethereum

$302,767,943
$0.9989

US Dollar

Money Market - RRP+ 2 More
United States of America Flag

United States of America

NYDFS - New York State Department of Financial Services

New York State, U.S. Virtual Currency Business

BMO Harris Bank N.A.+ 2 More
WithumSmith+Brown
249
$330,610,604
5,529
8,194
Pax Dollar Icon
Pax Dollar
Paxos
$USDP
Ethereum Logo

Ethereum

$148,696,650
$1.0013

US Dollar

US Treasury Debt+ 2 More
United States of America Flag

United States of America

NYDFS - New York State Department of Financial Services

New York State, U.S. Virtual Currency Business

2 - Strong
BMO Harris Bank N.A.+ 4 More
WithumSmith+Brown
60
$190,012,135
1,187
118,144
Liquity Icon
Liquity
Liquity Protocol
$LUSD
Ethereum Logo

Ethereum

$111,621,387
$0.9985

US Dollar

Cryptocurrencies - ETH
55
$96,643,421
1,062
11,838
Gemini Dollar Icon
Gemini Dollar
Gemini
$GUSD
Ethereum Logo

Ethereum

$95,864,720
$0.9995

US Dollar

Money Market - Fund+ 2 More
United States of America Flag

United States of America

NYDFS - New York State Department of Financial Services

New York State, U.S. Virtual Currency Business

1 - Very Strong
State Street Bank and Trust Company+ 2 More
BPM LLP
66
$184,351,576
7,981
23,888
GHO Icon
GHO
Aave
$GHO
Ethereum Logo

Ethereum

$48,621,679
$0.9974

US Dollar

US Treasury Debt - TokenizedCryptocurrencies
BNY Mellon Pershing
57
$67,124,714
1,536
1,602
Bean Icon
Bean
Beanstalk Protocol Governed by Beanstalk DAO
$BEAN
Ethereum Logo

Ethereum

$46,021,702
$0.9919

US Dollar

Cryptocurrencies - "Pods" Beanstalk Debt
7
$2,010,310
413
267
Mountain USD Icon
Mountain USD
Mountain Protocol
4.94%
$USDM
Polygon LogoEthereum Logo
$43,751,076
$0.9984

US Dollar

Public Equity - Treasury ETF+ 4 More
Bermuda Flag

Bermuda

BMA - Bermuda Monetary Authority

Bermuda Digital Assets Issuance Act

2 - Strong
Nephos Group
13
$21,004,424
270
241
2 Addresses
Synthetix sUSD Icon
Synthetix sUSD
Synthentix Protocol Governed by Synthetix DAO
$sUSD
Ethereum Logo

Ethereum

$43,006,619
$0.9943

US Dollar

Cryptocurrencies - SNX
26
$15,639,573
521
18,375
Tether EURt Icon
Tether EURt
Tether
$EURT
Ethereum Logo

Ethereum

$42,640,662
$1.0583

Euro

Money Market - Fund+ 6 More
British Virgin Islands Flag

British Virgin Islands

FinCEN - Financial Crimes Enforcement Network

U.S. Money Services Business

Deltec Bank & Trust (Bahamas)+ 4 More
BDO Italia
26
$2,774,252
366
1,413
Stasis Euro Icon
Stasis Euro
Stasis
$EURS
Ethereum Logo

Ethereum

$38,089,168
$1.0740

Euro

Bank Deposits - EUR
Malta Flag

Malta

MFSA - Malta Financial Services Authority

Malta Virtual Financial Assets (VFA) Framework

EXT LTD+ 2 More
BDO Malta
15
$1,474,609
145
5,830
Euro Coin Icon
Euro Coin
Circle
$EURC
Ethereum Logo

Ethereum

$28,630,542
$1.0609

Euro

Bank Deposits - EUR
United States of America Flag

United States of America

FinCEN - Financial Crimes Enforcement Network

U.S. Money Services Business

The Bank of New York Mellon
Deloitte
26
$9,403,793
632
3,076
BiLira Turkish Lira Icon
BiLira Turkish Lira
BiLira
$TRYB
Ethereum Logo

Ethereum

$27,500,650
$0.0303

Turkish Lira

Bank Deposits - TRY
Turkey Flag

Turkey

BiLira Teknoloji A.Ş.
Corpus Denetim ve Yeminili Mali Musavirlik AS
3
$91,716,454
71
906
Angle Euro Icon
Angle Euro
Angle
$AGEUR
Ethereum Logo

Ethereum

$23,586,219
$1.0616

Euro

Corporate Bonds+ 2 More
WithumSmith+Brown
48
$17,097,669
952
2,918
StraitsX Singapore Dollar Icon
StraitsX Singapore Dollar
Xfers Pte Ltd
$XSGD
Ethereum Logo

Ethereum

$21,457,945
$0.7340

Singapore Dollar

non-US Government Debt - Singaporean Treasury BillsBank Deposits - SGD
Bermuda Flag

Bermuda

MAS - Monetary Authority of Singapore

Singapore Payment Services Act

KK Yap & Associates
17
$2,946,597
244
2,883
Z.com USD Icon
Z.com USD
GMO Trust
$ZUSD
Stellar LogoEthereum Logo
$17,442,274
$0.9300

US Dollar

US Treasury DebtBank Deposits - USD
United States of America Flag

United States of America

NYDFS - New York State Department of Financial Services

New York State, U.S. Virtual Currency Business

BankProv+ 2 More
4
$25
1
678
2 Addresses
GMO JPY Icon
GMO JPY
GMO Trust
$GYEN
Stellar LogoEthereum Logo
$13,607,908
$0.0063

Japanese Yen

Bank Deposits - JPY
United States of America Flag

United States of America

NYDFS - New York State Department of Financial Services

New York State, U.S. Virtual Currency Business

BankProv+ 2 More
WithumSmith+Brown
5
$215,082
71
10,618
2 Addresses
EUR CoinVertible Icon
EUR CoinVertible
Societe Generale
$EURCV
Ethereum Logo

Ethereum

$11,915,269
$1.0691

Euro

Bank Deposits - EUR
France Flag

France

AMF - French Autorité des Marchés Financiers

France Digital Asset Service Provider (DASP) under PACTE Law

3
$0
0
8
Tether CNHt Icon
Tether CNHt
Tether
$CNHT
Ethereum Logo

Ethereum

$6,291,540
$0.1398

Chinese Yuan

Money Market - Fund+ 6 More
British Virgin Islands Flag

British Virgin Islands

FinCEN - Financial Crimes Enforcement Network

U.S. Money Services Business

Deltec Bank & Trust (Bahamas)+ 4 More
BDO Italia
2
$0
0
54
Verified USD Icon
Verified USD
Verified USD
$USDV
Ethereum Logo

Ethereum

$5,601,362
$0.9980

US Dollar

US Treasury Debt - Tokenized
British Virgin Islands Flag

British Virgin Islands

MAS - Monetary Authority of Singapore

Singapore Securities and Futures Act Section 275 Exemption

STBT Transparency Panel (VUSD Foundation, LayerZero, Michael Egorov)
10
$684,993
148
324
RupiahToken Icon
RupiahToken
PT Rupiah Token Indonesia
$IDRT
Ethereum Logo

Ethereum

$3,448,898
$0

Indonesian Rupiah

Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
2
$934,907
48
10,335
Transfero: BRZ Icon
Transfero: BRZ
Transfero
$BRZ
Ethereum Logo

Ethereum

$2,706,935
$0.1944

Brazilian Real

Bank Deposits - BRL+ 3 More
Switzerland Flag

Switzerland

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
3
$5,899
32
107
EUROe Icon
EUROe
Membrane Finance
$EUROe
Ethereum Logo

Ethereum

$1,173,293
$1.0651

Euro

Bank Deposits - EUR
Finland Flag

Finland

FSA - Finish Financial Supervisory Authority

Finland Electronic Money Institution (EMI)

Bank Frick
KPMG
2
$382,084
69
135
Australian Digital Dollar Icon
Australian Digital Dollar
AUDC Pty Ltd
$AUDD
Stellar LogoEthereum Logo
$1,089,533
$0.6583

Australian Dollar

non-US Government Debt - Australian Treasury NotesBank Deposits - AUD
Australia Flag

Australia

AUSTRAC - Australian Transaction Reports and Analysis Centre

Australian Digital Currency Exchange

William Buck Australia
1
$788
7
411
2 Addresses
Synthetix sEUR Icon
Synthetix sEUR
Synthentix Protocol Governed by Synthetix DAO
$sEUR
Ethereum Logo

Ethereum

$951,277
$1.0621

Euro

Cryptocurrencies - SNX
3
$257,086
41
779
Glo Dollar Icon
Glo Dollar
Brale
$USDGLO
Ethereum Logo

Ethereum

$799,112
$0.9979

US Dollar

US Treasury DebtBank Deposits - USD
United States of America Flag

United States of America

FinCEN - Financial Crimes Enforcement Network

U.S. Money Services Business

Abdo Solutions
3
$100,057
4
95
StraitsX Indonesian Rupiah Icon
StraitsX Indonesian Rupiah
Xfers Pte Ltd
$XIDR
Ethereum Logo

Ethereum

$316,432
$0

Indonesian Rupiah

Bank Deposits - IDR
Bermuda Flag

Bermuda

MAS - Monetary Authority of Singapore

Singapore Payment Services Act

KK Yap & Associates
3
$117,394
85
200
VNX Swiss Franc Icon
VNX Swiss Franc
VNX
$VCHF
Ethereum Logo

Ethereum

$78,553
$1.0952

Swiss Franc

Commodities - Gold

FMA - Liechtenstein Financial Market Authority

Liechtenstein Blockchain Act

OZL Offenes Zollager in Liechtenstein AG
AREVA AG
1
$99
3
24

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