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

Group By

Market Caps

Group By

as of 07/11/2025

Top Entities

#
Issuer
RWA Count
Market Cap
30D%
Market Share
1
Tether Holdings LogoTether Holdings
19
$155,786.8M
2.52%
64.33%
2
Circle LogoCircle
29
$60,140.8M
2.07%
24.84%
3
Sky LogoSky
4
$7,982.4M
4.26%
3.30%
4
Ethena LogoEthena
2
$5,410.6M
9.33%
2.23%
5
Binance LogoBinance
2
$4,596.2M
0.13%
1.90%
6
Pallas Fund LogoPallas Fund
4
$1,457.0M
0.10%
0.60%
7
First Digital Labs LogoFirst Digital Labs
3
$1,439.9M
4.52%
0.59%
8
Paxos LogoPaxos
5
$1,038.5M
8.93%
0.43%
9
USDD Protocol LogoUSDD Protocol
1
$746.8M
0.17%
0.31%
10
Usual LogoUsual
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 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
Protocol
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 LogoPlume LogoOptimism LogoNEAR LogoEthereum LogoCelo LogoAvalanche LogoArbitrum LogoAptos Logo
$155,772,280,154
$1.0001

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
14,376,363
$1,033,334,797,679
271,013,408
102,800,768
14 Addresses
USDC IconUSDCCircle
USDC
ZKsync Era LogoXRP Ledger LogoTRON LogoStellar LogoSolana LogoPolygon LogoPlume LogoOptimism LogoNoble LogoNEAR LogoMANTRA LogoEthereum LogoCelo LogoBinance Smart Chain LogoBase LogoAvalanche LogoArbitrum LogoAptos Logo
$59,886,564,226
$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
6,991,556
$845,972,765,772
291,983,045
25,342,292
24 Addresses
USDS IconUSDSSky
USDS
Solana LogoNEAR LogoEthereum Logo
$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
USDe
Solana LogoEthereum Logo
$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
BSC-USD
$4,285,756,300
$1.0002

US Dollar

11,396,437
$517,770,008,759
384,090,962
34,715,963
USDtb IconUSDtbPallas Fund
USDtb
Solana LogoEthereum LogoBase LogoArbitrum Logo
$1,457,015,250
$0.9998

US Dollar

US Treasury Debt - BUIDL
British Virgin Islands Flag

British Virgin Islands

315
$520,799,293
2,910
212
4 Addresses
First Digital USD IconFirst Digital USDFirst Digital Labs
FDUSD
Solana LogoEthereum LogoBinance Smart Chain Logo
$1,439,867,089
$0.9984

US Dollar

Money Market - RRP+ 2 More
Hong Kong Flag

Hong Kong

Non-Regulated

4 - Constrained
First Digital Trust
Prescient Assurance LLC.
7,794
$4,078,019,988
205,811
59,301
3 Addresses
PYUSD
Solana LogoEthereum Logo
$910,732,204
$0.9998

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
97,519
$3,586,456,942
1,552,064
74,398
2 Addresses
USDD IconUSDDUSDD Protocol
USDD
$746,808,451
$1.0001

US Dollar

CryptocurrenciesStablecoins

Non-Regulated

Huobi Exchange
199
$40,272,025
7,495
135,168
USD0
$585,440,090
$0.9978

US Dollar

Money Market - USYC
France Flag

France

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

2,928
$844,760,461
27,758
13,041
Ripple USD IconRipple USDStandard Custody & Trust Company
RLUSD
XRP Ledger LogoEthereum Logo
$472,663,618
$0.9998

US Dollar

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

BPM LLP
3,032
$2,804,930,720
112,953
33,030
2 Addresses
Global Dollar IconGlobal DollarPaxos Digital Singapore
USDG
Solana LogoEthereum Logo
$328,488,055
$0.9999

US Dollar

US Treasury Debt+ 2 More
Singapore Flag

Singapore

6,349
$1,970,042,436
925,799
2,615
2 Addresses
FRAX IconFRAXFrax Finance
FRAX
NEAR LogoEthereum Logo
$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
M IconMM0
M
Plume LogoEthereum Logo
$316,381,405
$1.0000

US Dollar

N/A

19
$422,422,623
741
55
2 Addresses
BSC-BUSD
$310,417,538
$1.0000

US Dollar

118,826
$134,904,270
2,944,938
6,174,805
GHO IconGHOAave
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 OpenDollar IconOpenEden OpenDollarOpenEden Digital
USDO
Ethereum LogoBase Logo
$291,038,110
$1.0003

US Dollar

Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

Agio iconAgio
214
$100,406,782
1,290
133
2 Addresses
EURC IconEURCCircle
EURC
Stellar LogoSolana LogoEthereum LogoBase LogoAvalanche Logo
$254,198,247
$1.1718

Euro

Bank Deposits - EUR
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
104,244
$1,420,570,102
849,619
41,756
5 Addresses
deUSD
Plume LogoEthereum LogoAvalanche Logo
$234,187,343
$1.0000

US Dollar

Stablecoins - sDAI+ 3 More
British Virgin Islands Flag

British Virgin Islands

Ceffu Copper Clearloop
3,077
$444,602,294
33,048
6,066
4 Addresses
USDz
Manta Pacific LogoEthereum LogoBlast LogoBase Logo
$121,279,534
$0.9879

US Dollar

Private Credit - sPCT
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

47
$4,706,397
127
1,159
4 Addresses
Avant USD IconAvant USDAvant Technology Foundation
avUSD
$87,473,020
$1.0004

US Dollar

284
$220,160,829
28,877
842
AUSD IconAUSDAgora
AUSD
Solana LogoMantle LogoEthereum LogoAvalanche Logo
$78,753,862
$0.9997

US Dollar

Bank Deposits - USD+ 2 More
British Virgin Islands Flag

British Virgin Islands

State Street
6,446
$1,005,230,624
441,457
44,609
4 Addresses
Lift Dollar IconLift DollarPaxos Issuance MENA Ltd
USDL
$77,350,759
$0.9998

US Dollar

Corporate Bonds+ 3 More
United Arab Emirates Flag

United Arab Emirates

Abu Dhabi Global Market

FSRA - Financial Services Regulatory Authority

Crowe Mak
208
$358,303,445
2,682
230
USDP
Solana LogoEthereum Logo
$69,978,697
$1.0004

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
3,308
$222,850,301
45,442
273,336
2 Addresses
Anchored Coins EUR IconAnchored Coins EURAnchored Coins
AEUR
Ethereum LogoBinance Smart Chain Logo
$64,006,431
$1.1328

Euro

Switzerland Flag

Switzerland

8
$83,957
26
157
2 Addresses
BUSD
$57,832,289
$1.0007

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
1,073
$9,055,335
4,749
150,141
EUR CoinVertible IconEUR CoinVertibleSociete Generale
EURCV
$48,976,972
$1.1715

Euro

Bank Deposits - EUR
France Flag

France

France Digital Asset Service Provider (DASP) under PACTE Law

AMF - French Autorité des Marchés Financiers

3 - Adequate
11
$132,968
121
55
Liquity LUSD IconLiquity 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 USD IconPlume USDNucleus
pUSD
$34,093,959
$0.9998

US Dollar

62,734
$330,145,125
3,004,352
61,034
Synthetix sUSD IconSynthetix 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
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 USD IconMountain USDMountain Protocol
USDM
ZKsync Era LogoPolygon LogoOptimism LogoEthereum LogoBase LogoAvalanche LogoArbitrum Logo
$20,786,905
$0.9945

US Dollar

Public Equity - Treasury ETF+ 4 More
Bermuda Flag

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 USD IconZ.com USDGMO Trust
ZUSD
Stellar LogoSolana LogoEthereum Logo
$17,357,717
$0.9176

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
26
$319,661
59
656
3 Addresses
XSGD
Ethereum LogoAvalanche Logo
$15,890,574
$0.7815

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
128
$0
0
3,635
2 Addresses
GUSD
$10,795,224
$0.9996

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
629
$107,268,463
2,547
21,707
EURS
XDC LogoEthereum Logo
$10,778,223
$1.1664

Euro

Bank Deposits - EUR
Malta Flag

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 EURt IconTether EURtTether Holdings
EURT
$10,387,927
$1.1363

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
282
$6,572,325
1,796
2,038
GMO JPY IconGMO JPYGMO Trust
GYEN
Stellar LogoSolana LogoEthereum Logo
$7,733,881
$0.0053

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
167
$290,071
636
11,343
3 Addresses
Bean IconBeanBeanstalk Protocol Governed by Beanstalk DAO
BEAN
$7,630,537
$0.2284

US Dollar

Cryptocurrencies - "Pods" Beanstalk Debt

Non-Regulated

2
$0
0
237
RupiahToken IconRupiahTokenPT Rupiah Token Indonesia
IDRT
Polygon LogoEthereum LogoBinance Smart Chain Logo
$3,631,234
$0

Indonesian Rupiah

Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
250
$1,655,005
716
11,318
3 Addresses
Tether CNHt IconTether CNHtTether Holdings
CNHT
TRON LogoEthereum Logo
$2,646,115
$0.1291

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
3
$0
0
56
2 Addresses
Forte AUD IconForte AUDForte Securities Australia Pty Limited
AUDF
Polygon LogoEthereum LogoAvalanche Logo
$2,585,882
$0.6269

Australian Dollar

Bank Deposits - AUD
Australia Flag

Australia

Australian Financial Services License

ASIC - Australian Securities & Investments Commission

MVA Bennett
26
$187,441,259
1,668
100
3 Addresses
BRZ
$2,577,787
$0.1841

Brazilian Real

Bank Deposits - BRL+ 3 More
Switzerland Flag

Switzerland

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
9
$11,850
20
276
Fathom Dollar IconFathom DollarFathom DAO
FXD
$1,727,157
$0.7121

US Dollar

Cryptocurrencies - XDC

N/A

Non-Regulated

124
$2,937,179
12,814
747
Tether MXNt IconTether MXNtTether Holdings
MXNT
$1,110,645
$0.0555

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
$0
0
4
Synthetix sEUR IconSynthetix sEURSynthentix Protocol Governed by Synthetix DAO
sEUR
$668,636
$0.6720

Euro

Cryptocurrencies - SNX

N/A

Non-Regulated

19
$63,988
209
795
USDGLO
$533,649
$0.9981

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
19
$2,032
26
152
Alloy USDT IconAlloy USDTTether Holdings
aUSDT
$396,595
$1.0010

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
5
$150
5
34
MXNB - Mexican Peso Stablecoin IconMXNB - Mexican Peso StablecoinJuno (a Bitso company)
MXNB
Ethereum LogoAvalanche LogoArbitrum Logo
$345,104
$0.0537

Mexican Peso

Mexico Flag

Mexico

BDO
80
$236,309,487
18,491
147
3 Addresses
VCHF
$314,832
$1.2592

Swiss Franc

Commodities - Gold
Liechtenstein Flag

Liechtenstein

Liechtenstein Blockchain Act

FMA - Liechtenstein Financial Market Authority

Philoro Edelmetallhandel AG
AREVA AG
8
$886,763
24
49
EUROe IconEUROeMembrane Finance
EUROe
Solana LogoEthereum Logo
$274,438
$1.1741

Euro

Bank Deposits - EUR
Finland Flag

Finland

Finland Electronic Money Institution (EMI)

FSA - Finish Financial Supervisory Authority

Bank Frick
KPMG
31
$52,869
11
1,598
2 Addresses
AUDD
Stellar LogoEthereum Logo
$272,102
$0.6498

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
66
$680,940
434
606
2 Addresses
XIDR
$120,958
$0

Indonesian Rupiah

Bank Deposits - IDR
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
2
$58,322
2
195
Open Money USD IconOpen Money USDOpen Money DAO
omUSD
$112,784
$0.9998

US Dollar

4
$73
5
65
Verified USD IconVerified USDVerified USD
USDV
$75,551
$0.5027

US Dollar

British Virgin Islands Flag

British Virgin Islands

Singapore Securities and Futures Act Section 275 Exemption

MAS - Monetary Authority of Singapore

5
$32
7
258
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
1
$3,505
2
146