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

$289.03B

+5.83%from 30d ago

Monthly Transfer Volume

$3.17T

11.02%from 30d ago

Monthly Active Addresses

26.44M

22.68%from 30d ago

Holders

193.35M

+1.55%from 30d ago

Stablecoin Metrics

Market Caps shows the scale and power law distribution between all stablecoin issuers.

Show % of Total

Group By

Stablecoin Market Caps

Group By

as of 09/29/2025

Stablecoin League Table

#
Platform
RWA Count
Market Cap
30D%
Market Share
1
5
$171,834.5M
5.43%
59.45%
2
2
$71,287.4M
3.47%
24.66%
3
2
$16,239.0M
16.84%
5.62%
4
1
$8,995.7M
1.11%
3.11%
5
2
$4,598.3M
0.07%
1.59%
6
4
$3,183.0M
71.09%
1.10%
7
1
$2,388.1M
4.96%
0.83%
8
3
$2,284.4M
1.00%
0.79%
9
2
$1,329.7M
225.0%
0.46%
10
2
$1,289.6M
7.37%
0.45%

Top Net Flows

As of 09/29/2025

Stablecoins

67 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
Platform
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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Trailing 30D Active Addresses
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Monthly Transfer Volume
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Tether USDt IconTether USDtTether Holdings
USDT
TRON LogoSolana LogoPolygon LogoPlume LogoOptimism LogoNEAR LogoEthereum LogoCelo LogoAvalanche LogoArbitrum LogoAptos Logo
$174,739,301,078
$1.0006
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
16,501,689
$1,326,033,769,842
307,108,718
115,274,586
15 Addresses
USDC IconUSDCCircle International
USDC
ZKsync Era LogoXRP Ledger LogoXDC LogoTRON LogoStellar LogoSolana LogoPolygon LogoPlume LogoOptimism LogoNoble LogoNEAR LogoMANTRA LogoHedera Hashgraph LogoEthereum LogoCelo LogoBase LogoBNB Chain LogoAvalanche LogoArbitrum LogoAptos Logo
$71,606,130,120
$0.9996
Bermuda Flag

Bermuda

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

2 - Strong
The Bank of New York Mellon
Deloitte
8,257,688
$1,605,897,702,320
292,755,792
31,690,056
27 Addresses
USDe
Solana LogoEthereum Logo
$14,408,483,663
$1.0002
Derivatives - Short ETH PerpsCryptocurrencies - ETH

N/A

Non-Regulated

5 - Weak
22,704
$61,961,367,946
296,101
42,974
2 Addresses
USDS IconUSDSSky
USDS
Solana LogoPolygon LogoNEAR LogoEthereum Logo
$9,495,312,295
$0.9989
Structured Credit+ 4 More

N/A

Non-Regulated

4 - Constrained
568,564
$120,058,989,286
33,887,482
2,903,953
5 Addresses
BSC-USD
$4,284,175,505
$0.9998
754,557
$0
0
35,801,557
0x55d...197955
USD1 IconUSD1BitGo
USD1
TRON LogoEthereum LogoBNB Chain Logo
$2,388,066,745
$0.9993
All reserve assets are held or maintained by BitGo Trust Company+ 6 More
Crowe LLP
62,594
$4,653,012,161
240,357
344,222
3 Addresses
PYUSD
Solana LogoEthereum Logo
$2,338,490,282
$0.9997
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
81,042
$17,384,519,434
1,633,619
99,678
2 Addresses
USDtb IconUSDtbPallas Fund
USDtb
Solana LogoEthereum LogoBase LogoArbitrum Logo
$1,830,506,075
$1.0000
US Treasury Debt - BUIDL
British Virgin Islands Flag

British Virgin Islands

459
$2,890,893,754
5,595
468
4 Addresses
First Digital USD IconFirst Digital USDFD121 (BVI) Limited
FDUSD
Solana LogoEthereum LogoBNB Chain Logo
$1,144,219,192
$0.9982
Money Market - RRP+ 2 More
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

4 - Constrained
First Digital Trust
Prescient Assurance LLC.
3,217
$839,998,801
48,129
64,177
3 Addresses
Ripple USD IconRipple USDStandard Custody & Trust Company
RLUSD
XRP Ledger LogoEthereum Logo
$789,202,440
$0.9994
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
4,378
$4,177,844,691
396,529
36,709
2 Addresses
M IconMM0
M
Plume LogoEthereum Logo
$746,515,260
$1.0000

N/A

22
$1,666,486,519
835
63
2 Addresses
USDD IconUSDDUSDD Protocol
USDD
$745,185,686
$1.0004
CryptocurrenciesStablecoins

Non-Regulated

Huobi Exchange
185
$4,143,959
2,404
135,178
Global Dollar IconGlobal DollarPaxos Digital Singapore
USDG
Solana LogoEthereum Logo
$726,242,597
$0.9997
US Treasury Debt+ 2 More
Singapore Flag

Singapore

11,785
$5,799,949,880
851,292
5,124
2 Addresses
USDai
$583,212,623
$1.0219

N/A

Non-Regulated

4,241
$2,416,095,076
145,377
1,871
USD0
$557,550,942
$0.9981
Money Market - USYC
France Flag

France

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

1,973
$289,428,577
13,498
11,361
GHO IconGHOAave
GHO
$341,728,558
$0.9991
US Treasury Debt - TokenizedCryptocurrencies

N/A

Non-Regulated

BNY Mellon Pershing
3,490
$4,166,460,250
49,495
6,816
BSC-BUSD
$314,085,055
$1.0118
5,353
$0
0
6,175,433
0xe9e...087d56
FRAX IconFRAXFrax Finance
FRAX
NEAR LogoEthereum Logo
$301,137,589
$0.9975
Money Market - Fund+ 4 More

N/A

Non-Regulated

5 - Weak
Lead Bank
798
$193,296,776
25,087
17,177
2 Addresses
EURC IconEURCCircle
EURC
Stellar LogoSolana LogoEthereum LogoBase LogoAvalanche Logo
$296,269,195
$1.1687
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
44,609
$2,201,039,722
956,592
53,816
5 Addresses
OpenEden OpenDollar IconOpenEden OpenDollarOpenEden Digital
USDO
Ethereum LogoBase Logo
$228,379,121
$0.9984
Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

Agio iconAgio
349
$65,615,575
2,040
236
2 Addresses
deUSD
Plume LogoEthereum LogoAvalanche Logo
$167,671,809
$0.9991
Stablecoins - sDAI+ 3 More
British Virgin Islands Flag

British Virgin Islands

Ceffu Copper Clearloop
1,611
$497,851,867
22,258
6,850
4 Addresses
AUSD IconAUSDAgora
AUSD
Solana LogoPolygon LogoMantle LogoEthereum LogoAvalanche Logo
$138,377,596
$0.9991
Bank Deposits - USD+ 2 More
British Virgin Islands Flag

British Virgin Islands

State Street
15,003
$1,131,813,373
483,072
53,783
5 Addresses
Avant USD IconAvant USDAvant Technology Foundation
avUSD
$127,395,154
$0.9962
516
$195,591,741
27,149
906
USDz
Manta Pacific LogoEthereum LogoBlast LogoBase Logo
$115,147,191
$0.9906
Private Credit - sPCT
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

34
$1,514,327
120
1,200
4 Addresses
USDP
Solana LogoEthereum Logo
$63,239,913
$0.9996
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
4,165
$152,211,640
69,985
273,550
2 Addresses
BUSD
$55,062,477
$1.0007
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
1,152
$9,776,117
6,407
125,175
Anchored Coins EUR IconAnchored Coins EURAnchored Coins
AEUR
Ethereum LogoBNB Chain Logo
$51,335,776
$1.0825
Switzerland Flag

Switzerland

3
$4,923
5
163
2 Addresses
Quantoz USDQ IconQuantoz USDQQuantoz Payments
USDQ
$50,979,386
$0.9996
Netherlands Flag

Netherlands

142
$3,569,375
1,883
224
Ondo U.S. Dollar Token IconOndo U.S. Dollar TokenOndo Global Markets
USDon
$50,469,654
$1.0000
British Virgin Islands Flag

British Virgin Islands

British Virgin Islands Securities and Investment Business Act

FSC - British Virgin Islands Financial Services Commission

BPM UK Audit Ltd
35,155
$566,463,093
274,049
9,527
EUR CoinVertible IconEUR CoinVertibleSociete Generale
EURCV
$49,444,934
$1.1690
Bank Deposits - EUR
France Flag

France

France Digital Asset Service Provider (DASP) under PACTE Law

AMF - French Autorité des Marchés Financiers

3 - Adequate
37
$35,166,696
170
74
Synthetix sUSD IconSynthetix sUSDSynthentix Protocol Governed by Synthetix DAO
sUSD
$40,450,519
$0.9829
Cryptocurrencies - SNX

N/A

Non-Regulated

642
$38,447,251
8,531
19,915
Liquity LUSD IconLiquity LUSDLiquity Protocol
LUSD
$37,561,252
$1.0006
Cryptocurrencies - ETH

N/A

Non-Regulated

476
$22,747,629
2,959
12,146
Plume USD IconPlume USDNucleus
pUSD
$37,007,696
$0.9967
49,442
$1,314,398,749
2,856,963
85,339
AGEUR
$19,858,923
$1.1668
Corporate Bonds+ 2 More

N/A

Non-Regulated

WithumSmith+Brown
199
$12,707,765
3,697
2,954
XSGD
Polygon LogoHedera Hashgraph LogoEthereum LogoAvalanche Logo
$18,015,359
$0.7736
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
1,319
$57,424,596
24,808
8,245
4 Addresses
Quantoz EURQ IconQuantoz EURQQuantoz Payments
EURQ
$17,526,976
$1.1685
Netherlands Flag

Netherlands

97
$2,092,078
528
200
Mountain USD IconMountain USDMountain Protocol
USDM
ZKsync Era LogoPolygon LogoOptimism LogoEthereum LogoBase LogoAvalanche LogoArbitrum Logo
$17,110,237
$0.9968
Public Equity - Treasury ETF+ 4 More
Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

3 - Adequate
Nephos Group
216
$648,332
749
9,344
7 Addresses
GUSD
$12,415,378
$1.0002
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
574
$68,741,597
2,846
21,592
AUDD
XRP Ledger LogoXDC LogoStellar LogoSolana LogoHedera Hashgraph LogoEthereum LogoBase Logo
$11,024,500
$0.6511
Australia Flag

Australia

Australian Digital Currency Exchange

AUSTRAC - Australian Transaction Reports and Analysis Centre

William Buck Australia
44
$107,478
227
650
7 Addresses
Tether EURt IconTether EURtTether Holdings
EURT
$10,722,421
$1.1729
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
296
$2,327,438
1,169
2,182
EURS
XDC LogoEthereum Logo
$9,509,764
$1.1583
Bank Deposits - EUR
Malta Flag

Malta

Malta Virtual Financial Assets (VFA) Framework

MFSA - Malta Financial Services Authority

EXT LTD+ 2 More
BDO Malta
212
$5,833,765
1,700
6,088
2 Addresses
Bean IconBeanBeanstalk Protocol Governed by Beanstalk DAO
BEAN
$9,355,392
$0.2800
Cryptocurrencies - "Pods" Beanstalk Debt

Non-Regulated

2
$18
2
236
USP
$8,046,544
$0.9996
Republic of the Marshall Islands Flag

Republic of the Marshall Islands

Non-Regulated

62
$12,431,423
852
48
BBRL IconBBRLBraza Bank
BBRL
$7,096,797
$0.1838
Brazil Flag

Brazil

Brazilian Virtual Assets Law

BCB - Banco Central do Braasil

19
$413,838,524
2,820
1,464
lvlUSD
$6,826,519
$0.9998
United States of America Flag

United States of America

1,041
$149,221,787
8,934
1,243
GMO JPY IconGMO JPYGMO Trust
GYEN
Stellar LogoSolana LogoEthereum Logo
$6,540,332
$0.0060
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
189
$984,689
987
11,644
3 Addresses
EURØP IconEURØPSchuman Financial
EURØP
XRP Ledger LogoPolygon LogoEthereum LogoAvalanche Logo
$4,396,006
$1.1653
Switzerland Flag

Switzerland

KPMG
56
$14,475,144
4,059
126
4 Addresses
RupiahToken IconRupiahTokenPT Rupiah Token Indonesia
IDRT
Polygon LogoEthereum LogoBNB Chain Logo
$3,512,125
$0
Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
257
$69,635
534
11,363
3 Addresses
Tether CNHt IconTether CNHtTether Holdings
CNHT
TRON LogoEthereum Logo
$3,155,259
$0.1539
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
BRZ
$2,607,261
$0.1862
Bank Deposits - BRL+ 3 More
Switzerland Flag

Switzerland

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
13
$24,632
47
289
Forte AUD IconForte AUDForte Securities Australia Pty Limited
AUDF
Polygon LogoEthereum LogoAvalanche Logo
$2,585,882
$0.6269
Bank Deposits - AUD
Australia Flag

Australia

Australian Financial Services License

ASIC - Australian Securities & Investments Commission

MVA Bennett
30
$125,840,982
1,096
101
3 Addresses
Origin Dollar IconOrigin DollarOrigin Protocol
OUSD
$2,568,932
$0.9988

Non-Regulated

109
$5,075,660
4,037
2,204
BRLA
$2,088,578
$0.1859
Brazil Flag

Brazil

Brazilian Virtual Assets Law

BCB - Banco Central do Braasil

1,171
$3,321,968
11,887
14,656
Fathom Dollar IconFathom DollarFathom DAO
FXD
$1,440,929
$0.6726
Cryptocurrencies - XDC

N/A

Non-Regulated

45
$732,960
8,157
751
MXNB - Mexican Peso Stablecoin IconMXNB - Mexican Peso StablecoinJuno (a Bitso company)
MXNB
Ethereum LogoAvalanche LogoArbitrum Logo
$1,383,420
$0.0542
Mexico Flag

Mexico

BDO
94
$4,941,257
9,451
284
3 Addresses
Z.com USD IconZ.com USDGMO Trust
ZUSD
Stellar LogoSolana LogoEthereum Logo
$956,967
$0.8273
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
17
$320
49
658
3 Addresses
Tether MXNt IconTether MXNtTether Holdings
MXNT
$902,000
$0.0451
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
$562,206
$0.5650
Cryptocurrencies - SNX

N/A

Non-Regulated

21
$55,912
167
801
Alloy USDT IconAlloy USDTTether Holdings
aUSDT
$548,981
$0.9996
Commodities - XAUT
British Virgin Islands Flag

British Virgin Islands

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

Swiss Custodian (undisclosed)
BDO Italia
15
$76,862
25
37
USDGLO
$534,351
$0.9994
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
$6,098
18
155
VCHF
$466,924
$1.2429
Commodities - Gold
Liechtenstein Flag

Liechtenstein

Liechtenstein Blockchain Act

FMA - Liechtenstein Financial Market Authority

Philoro Edelmetallhandel AG
AREVA AG
16
$328,915
55
49
EUROe IconEUROeMembrane Finance
EUROe
Solana LogoEthereum Logo
$262,912
$1.1669
Bank Deposits - EUR
Finland Flag

Finland

Finland Electronic Money Institution (EMI)

FSA - Finish Financial Supervisory Authority

Bank Frick
KPMG
31
$678
6
1,596
2 Addresses
mZAR IconmZARMesh
mZAR
$218,251
$0.0577
Netherlands Flag

Netherlands

$0
0
400
XIDR
$120,002
$0
Bank Deposits - IDR
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
1
$0
0
196
Open Money USD IconOpen Money USDOpen Money DAO
omUSD
$112,724
$0.9992
6
$40
8
65
Poundtoken IconPoundtokenBlackfridge SC Limited
1GBP
$60,271
$1.3172
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
3
$174
3
147
Verified USD IconVerified USDVerified USD
USDV
$15,199
$0.0999
British Virgin Islands Flag

British Virgin Islands

Singapore Securities and Futures Act Section 275 Exemption

MAS - Monetary Authority of Singapore

4
$293
6
259