Asset Classes
Participants
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
$242.16B
▲+2.06%from 30d ago
Monthly Transfer Volume
$2.72T
▼5.75%from 30d ago
Monthly Active Addresses
33.25M
▲+7.35%from 30d ago
Holders
170.77M
▲+2.39%from 30d ago
Stablecoin Metrics
Market Caps shows the scale and power law distribution between all stablecoin issuers.
Show % of Total
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Market Caps
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as of 07/11/2025
Top Entities
# | Issuer | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 19 | $155,786.8M | ▲2.52% | 64.33% ▲ |
2 |  Circle | 29 | $60,140.8M | ▲2.07% | 24.84% ▲ |
3 |  Sky | 4 | $7,982.4M | ▲4.26% | 3.30% ▲ |
4 |  Ethena | 2 | $5,410.6M | ▼9.33% | 2.23% ▼ |
5 |  Binance | 2 | $4,596.2M | ▼0.13% | 1.90% ▼ |
6 |  Pallas Fund | 4 | $1,457.0M | ▲0.10% | 0.60% ▼ |
7 |  First Digital Labs | 3 | $1,439.9M | ▼4.52% | 0.59% ▼ |
8 |  Paxos | 5 | $1,038.5M | ▼8.93% | 0.43% ▼ |
9 |  USDD Protocol | 1 | $746.8M | ▲0.17% | 0.31% ▼ |
10 | Usual | 1 | $585.4M | ▼5.81% | 0.24% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 07/11/2025
Stablecoins
56 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 | Protocol | 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 | Protocol | 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 |           | $155,772,280,154 ▲ | $1.0001 ▼ | 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 | 14,376,363 ▲ | $1,033,334,797,679 ▼ | 271,013,408 ▲ | 102,800,768 ▲ | 14 Addresses | |||||
 USDCCircle | USDC |         | $59,886,564,226 ▲ | $0.9999 ▲ | 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 | 6,991,556 ▲ | $845,972,765,772 ▼ | 291,983,045 ▼ | 25,342,292 ▲ | 24 Addresses | |||||
| USDSSky | USDS | | $7,982,445,456 ▲ | $1.0001 ▲ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 49,253 ▲ | $251,477,042,712 ▼ | 1,325,630 ▼ | 680,074 ▲ | 4 Addresses | ||||
 Ethena USDeEthena | USDe | | $5,410,638,383 ▼ | $1.0009 ▲ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | 5 - Weak | — | — | — | — | — | — | 9,635 ▼ | $54,688,538,893 ▲ | 92,243 ▼ | 34,434 ▲ | 2 Addresses | |
 Binance-Peg USDBinance | BSC-USD | $4,285,756,300 ▼ | $1.0002 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 11,396,437 ▲ | $517,770,008,759 ▼ | 384,090,962 ▼ | 34,715,963 ▲ | |||
 USDtbPallas Fund | USDtb | | $1,457,015,250 ▲ | $0.9998 ▼ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 315 ▲ | $520,799,293 ▲ | 2,910 ▲ | 212 ▲ | 4 Addresses | ||
 First Digital USDFirst Digital Labs | FDUSD | | $1,439,867,089 ▼ | $0.9984 ▼ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 7,794 ▲ | $4,078,019,988 ▲ | 205,811 ▼ | 59,301 ▲ | 3 Addresses | |||||
 Paypal USDPaxos | PYUSD | | $910,732,204 ▼ | $0.9998 ▲ | 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 | 97,519 ▲ | $3,586,456,942 ▼ | 1,552,064 ▼ | 74,398 ▲ | 2 Addresses | |||||
 USDDUSDD Protocol | USDD | $746,808,451 ▲ | $1.0001 ▼ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 199 ▼ | $40,272,025 ▼ | 7,495 ▼ | 135,168 ▼ | |||||||
 Usual USDUsual | USD0 | $585,440,090 ▼ | $0.9978 ▲ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 2,928 ▼ | $844,760,461 ▲ | 27,758 ▲ | 13,041 ▼ | ||||||
 Ripple USDStandard Custody & Trust Company | RLUSD | | $472,663,618 ▲ | $0.9998 ▲ | US Dollar | — | United States of America | New York State, U.S. Virtual Currency Business NYDFS - New York State Department of Financial Services | — | — | — | BPM LLP | 3,032 ▲ | $2,804,930,720 ▲ | 112,953 ▼ | 33,030 ▲ | 2 Addresses | ||||
 Global DollarPaxos Digital Singapore | USDG | | $328,488,055 ▲ | $0.9999 ▲ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 6,349 ▼ | $1,970,042,436 ▲ | 925,799 ▼ | 2,615 ▲ | 2 Addresses | ||
 FRAXFrax Finance | FRAX | | $319,497,426 ▼ | $0.9990 ▼ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 738 ▼ | $207,235,182 ▼ | 17,819 ▼ | 16,904 ▲ | 2 Addresses | ||||
 MM0 | M | | $316,381,405 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | 19 ▼ | $422,422,623 ▲ | 741 ▲ | 55 ▼ | 2 Addresses | |||
 Binance-Peg BUSDBinance | BSC-BUSD | $310,417,538 ▼ | $1.0000 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 118,826 ▲ | $134,904,270 ▼ | 2,944,938 ▼ | 6,174,805 ▼ | |||
 GHOAave | GHO | $301,092,960 ▲ | $0.9996 ▲ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 3,538 ▲ | $2,178,392,317 ▲ | 35,844 ▲ | 5,834 ▲ | ||||||
 OpenEden OpenDollarOpenEden Digital | USDO | | $291,038,110 ▲ | $1.0003 ▼ | US Dollar | — |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | — | — | — | — | 214 ▲ | $100,406,782 ▲ | 1,290 ▲ | 133 ▲ | 2 Addresses | ||||
 EURCCircle | EURC | | $254,198,247 ▲ | $1.1718 ▲ | Euro | Bank Deposits - EUR | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | 2 - Strong | — | The Bank of New York Mellon | Deloitte | 104,244 ▲ | $1,420,570,102 ▼ | 849,619 ▲ | 41,756 ▼ | 5 Addresses | ||||
 Elixir deUSDElixir | deUSD | | $234,187,343 ▲ | $1.0000 ▲ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 3,077 ▲ | $444,602,294 ▼ | 33,048 ▲ | 6,066 ▲ | 4 Addresses | |||
 Anzen USDzAnzen | USDz |   | $121,279,534 ▼ | $0.9879 ▼ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 47 ▲ | $4,706,397 ▲ | 127 ▲ | 1,159 ▲ | 4 Addresses | |||
 Avant USDAvant Technology Foundation | avUSD | $87,473,020 ▲ | $1.0004 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 284 ▼ | $220,160,829 ▲ | 28,877 ▼ | 842 ▲ | |||
 AUSDAgora | AUSD |  | $78,753,862 ▼ | $0.9997 ▲ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 6,446 ▼ | $1,005,230,624 ▼ | 441,457 ▼ | 44,609 ▲ | 4 Addresses | |||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $77,350,759 ▼ | $0.9998 ▲ | US Dollar | Corporate Bonds+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 208 ▲ | $358,303,445 ▼ | 2,682 ▼ | 230 ▲ | ||||||
 Pax DollarPaxos | USDP | | $69,978,697 ▼ | $1.0004 ▲ | 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 | 3,308 ▼ | $222,850,301 ▲ | 45,442 ▼ | 273,336 ▼ | 2 Addresses | |||||
 Anchored Coins EURAnchored Coins | AEUR | | $64,006,431 ▲ | $1.1328 ▲ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 8 ▲ | $83,957 ▲ | 26 ▲ | 157 ▲ | 2 Addresses | |
 Binance USDPaxos | BUSD | $57,832,289 ▲ | $1.0007 ▲ | 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 | 1,073 ▲ | $9,055,335 ▲ | 4,749 ▲ | 150,141 ▼ | ||||||
 EUR CoinVertibleSociete Generale | EURCV | $48,976,972 ▲ | $1.1715 ▲ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | 3 - Adequate | — | — | — | 11 ▼ | $132,968 ▼ | 121 ▼ | 55 △ | ||||||
 Liquity LUSDLiquity Protocol | LUSD | $41,041,454 ▼ | $1.0013 ▼ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 513 ▼ | $17,748,537 ▼ | 3,590 ▲ | 12,011 ▲ | |||||||
 Plume USDNucleus | pUSD | $34,093,959 ▼ | $0.9998 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 62,734 ▲ | $330,145,125 ▲ | 3,004,352 ▲ | 61,034 ▲ | |||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $31,499,725 ▲ | $0.9223 ▼ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 518 ▼ | $21,831,474 ▼ | 5,767 ▼ | 19,947 ▲ | ||||
 Angle EuroAngle | AGEUR | $22,098,205 ▼ | $1.1718 ▲ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 190 ▲ | $22,915,151 ▼ | 4,566 ▲ | 2,936 ▲ | ||||||
 Mountain USDMountain Protocol | USDM | | $20,786,905 ▼ | $0.9945 ▼ | US Dollar | Public Equity - Treasury ETF+ 4 More | Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 1,114 ▼ | $5,367,373 ▼ | 15,671 ▼ | 9,453 ▲ | 7 Addresses | |||||
 Z.com USDGMO Trust | ZUSD | | $17,357,717 ▲ | $0.9176 ▲ | 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 | — | 26 ▼ | $319,661 ▲ | 59 ▼ | 656 ▼ | 3 Addresses | ||||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | | $15,890,574 ▲ | $0.7815 ▲ | Singapore Dollar | non-US Government Debt - Singaporean Treasury BillsBank Deposits - SGD | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | KK Yap & Associates | 128 △ | $0 △ | 0 △ | 3,635 △ | 2 Addresses | |||||
 Gemini DollarGemini | GUSD | $10,795,224 ▼ | $0.9996 ▼ | 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 | 629 ▲ | $107,268,463 ▼ | 2,547 ▼ | 21,707 ▼ | |||||||
 Stasis EuroStasis | EURS |  | $10,778,223 ▼ | $1.1664 ▲ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 240 ▲ | $10,153,831 ▲ | 3,047 ▲ | 6,075 ▲ | 2 Addresses | ||
 Tether EURtTether Holdings | EURT | $10,387,927 ▼ | $1.1363 ▲ | 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 | 282 ▲ | $6,572,325 ▼ | 1,796 ▲ | 2,038 ▲ | |||||||
 GMO JPYGMO Trust | GYEN | | $7,733,881 ▼ | $0.0053 ▼ | 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 | 167 ▲ | $290,071 ▼ | 636 ▼ | 11,343 ▲ | 3 Addresses | ||||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $7,630,537 ▼ | $0.2284 ▼ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 2 △ | $0 ▼ | 0 ▼ | 237 △ | ||||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,631,234 ▼ | $0 ▲ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 250 ▲ | $1,655,005 ▲ | 716 ▲ | 11,318 ▲ | 3 Addresses | ||
 Tether CNHtTether Holdings | CNHT | | $2,646,115 ▼ | $0.1291 ▼ | 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 | 3 △ | $0 ▼ | 0 ▼ | 56 △ | 2 Addresses | ||||
 Forte AUDForte Securities Australia Pty Limited | AUDF | | $2,585,882 △ | $0.6269 △ | Australian Dollar | Bank Deposits - AUD |  Australia | Australian Financial Services License ASIC - Australian Securities & Investments Commission | — | — | — | — | — | MVA Bennett | 26 ▼ | $187,441,259 ▼ | 1,668 ▼ | 100 ▲ | 3 Addresses | ||
 Transfero: BRZTransfero | BRZ | $2,577,787 ▲ | $0.1841 ▲ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 9 ▼ | $11,850 ▼ | 20 ▼ | 276 △ | |||||
| Fathom DollarFathom DAO | FXD | $1,727,157 ▼ | $0.7121 ▼ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 124 ▲ | $2,937,179 ▼ | 12,814 ▲ | 747 ▲ | ||||
 Tether MXNtTether Holdings | MXNT | $1,110,645 ▲ | $0.0555 ▲ | 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 △ | $0 ▼ | 0 ▼ | 4 △ | ||||||
 Synthetix sEURSynthentix Protocol Governed by Synthetix DAO | sEUR | $668,636 ▼ | $0.6720 ▼ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 19 ▲ | $63,988 ▼ | 209 ▼ | 795 ▲ | |||
 Glo DollarBrale | USDGLO | $533,649 ▼ | $0.9981 ▼ | US Dollar | US Treasury DebtBank Deposits - USD | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Abdo Solutions | 19 ▲ | $2,032 ▼ | 26 ▼ | 152 ▲ | ||||||
 Alloy USDTTether Holdings | aUSDT | $396,595 ▲ | $1.0010 ▲ | US Dollar | Commodities - XAUT | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Swiss Custodian (undisclosed) | BDO Italia | 5 ▲ | $150 ▼ | 5 △ | 34 △ | |||||
| MXNB - Mexican Peso StablecoinJuno (a Bitso company) | MXNB | | $345,104 ▼ | $0.0537 ▲ | Mexican Peso | — |  Mexico | — | — | — | — | — | — | BDO | — | 80 ▲ | $236,309,487 ▲ | 18,491 ▼ | 147 ▲ | 3 Addresses | |
VCHF | $314,832 ▲ | $1.2592 ▲ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 8 ▼ | $886,763 ▲ | 24 ▼ | 49 ▲ | |||||||
 EUROeMembrane Finance | EUROe | | $274,438 ▼ | $1.1741 ▲ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 31 ▼ | $52,869 ▲ | 11 ▲ | 1,598 ▲ | 2 Addresses | ||||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $272,102 ▼ | $0.6498 ▼ | 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 | 66 ▲ | $680,940 ▲ | 434 ▲ | 606 ▲ | 2 Addresses | ||
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $120,958 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | — | — | KK Yap & Associates | — | 2 ▲ | $58,322 △ | 2 △ | 195 △ | ||||
 Open Money USDOpen Money DAO | omUSD | $112,784 ▼ | $0.9998 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | 4 ▼ | $73 ▲ | 5 ▼ | 65 ▼ | ||||
 Verified USDVerified USD | USDV | $75,551 ▲ | $0.5027 ▲ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 5 ▼ | $32 ▼ | 7 ▼ | 258 ▲ | ||||||
 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 | 1 △ | $3,505 ▲ | 2 ▲ | 146 △ |
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