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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
$226.11B
▲+2.09%from 30d ago
% of M2 Money Supply
1.08%
▲+2.09%from 30d ago
Monthly Transfer Volume
$2.12T
▲+0.82%from 30d ago
Monthly Active Addresses
25.86M
▲+8.82%from 30d ago
Holders
154.44M
▲+3.09%from 30d ago
Stablecoin Metrics
Market Caps shows the scale and power law distribution between all stablecoin issuers.
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Market Caps
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as of 03/24/2025
Top Entities
# | Issuer | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 18 | $142,220.86M | ▲0.63% | 62.90% ▼ |
2 |  Circle | 26 | $58,310.00M | ▲4.55% | 25.79% ▲ |
3 |  Sky | 3 | $7,723.49M | ▲5.46% | 3.42% ▲ |
4 |  Ethena | 2 | $5,395.55M | ▼8.14% | 2.39% ▼ |
5 |  Binance | 2 | $4,605.71M | ▼0.06% | 2.04% ▼ |
6 |  First Digital Labs | 2 | $2,203.17M | ▲20.81% | 0.97% ▲ |
7 |  Pallas Fund | 4 | $1,182.27M | ▲1,222.75% | 0.52% ▲ |
8 |  Paxos | 5 | $990.25M | ▲7.94% | 0.44% ▲ |
9 | Usual | 1 | $953.85M | ▼14.75% | 0.42% ▼ |
10 |  USDD Protocol | 1 | $741.48M | ▲0.92% | 0.33% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 03/24/2025
Stablecoins
53 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 | 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 | 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 |          | $142,180,772,621 ▲ | $0.9998 ▼ | 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 | 12,160,523 ▲ | $945,657,826,361 ▲ | 155,755,151 ▼ | 93,973,836 ▲ | 13 Addresses | ||||
 USDCCircle | USDC |        | $58,181,958,201 ▲ | $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 | 4,947,503 ▼ | $846,101,812,515 ▼ | 211,092,178 ▲ | 22,147,863 ▲ | 22 Addresses | ||||
| USDSSky | USDS | | $7,723,486,494 ▲ | $0.9998 ▲ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 38,458 ▲ | $208,302,848,794 ▲ | 432,699 ▲ | 654,627 ▲ | 3 Addresses | |||
 Ethena USDeEthena | USDe | | $5,395,551,957 ▼ | $0.9996 ▼ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | — | — | — | — | 23,259 ▼ | $12,670,892,717 ▲ | 188,948 ▲ | 30,061 ▲ | 2 Addresses |
 Binance-Peg USDBinance | BSC-USD | $4,283,705,938 ▲ | $0.9997 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 8,412,039 ▲ | $87,463,514,653 ▼ | 63,013,042 ▲ | 30,555,373 ▲ | ||
 First Digital USDFirst Digital Labs | FDUSD | | $2,203,166,184 ▲ | $0.9983 ▼ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 4,328 ▲ | $6,028,751,117 ▲ | 120,922 ▼ | 51,792 ▲ | 2 Addresses | ||||
 USDtbPallas Fund | USDtb | | $1,182,272,632 ▲ | $1.0000 ▲ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 46 ▲ | $153,690,381 ▲ | 243 ▲ | 71 ▲ | 4 Addresses | |
 Usual USDUsual | USD0 | $953,852,816 ▼ | $0.9980 ▼ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 3,958 ▼ | $2,150,715,256 ▲ | 61,546 ▲ | 14,217 ▲ | |||||
 Paypal USDPaxos | PYUSD | | $853,502,951 ▲ | $1.0003 ▲ | 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 | 37,530 ▲ | $3,598,883,310 ▼ | 1,192,450 ▼ | 56,897 ▲ | 2 Addresses | ||||
 USDDUSDD Protocol | USDD | $741,484,817 ▲ | $1.0011 ▲ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 751 ▼ | $423,525,068 ▼ | 17,888 ▼ | 134,967 ▲ | ||||||
 FRAXFrax Finance | FRAX | | $353,991,305 ▼ | $0.9994 ▲ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 1,230 ▲ | $934,783,953 ▲ | 264,348 ▲ | 16,551 ▲ | 2 Addresses | |||
 Binance-Peg BUSDBinance | BSC-BUSD | $322,000,191 ▼ | $1.0018 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 47,107 ▼ | $517,892,932 ▼ | 2,271,662 ▼ | 6,230,741 ▲ | ||
 Elixir deUSDElixir | deUSD | $237,767,274 ▼ | $0.9996 ▼ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 12,485 ▲ | $1,264,356,632 ▲ | 75,020 ▲ | 4,579 ▲ | ||||
 GHOAave | GHO | $211,175,586 ▲ | $0.9997 ▼ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 2,209 ▲ | $1,379,216,182 ▲ | 33,892 ▲ | 3,526 ▲ | |||||
 Ripple USDStandard Custody & Trust Company | RLUSD |  | $176,671,792 ▲ | $0.9999 ▲ | US Dollar | — | United States of America | New York State, U.S. Virtual Currency Business NYDFS - New York State Department of Financial Services | — | — | — | BPM LLP | 3,394 ▲ | $656,261,781 ▲ | 404,295 ▲ | 30,644 ▲ | 2 Addresses | |||
 MM^0 | M | $154,461,133 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | — | — | 21 ▲ | $239,116,276 ▲ | 224 ▲ | 38 ▲ | ||
 EURCCircle | EURC | | $128,043,905 ▲ | $1.0809 ▼ | Euro | Bank Deposits - EUR | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | The Bank of New York Mellon | Deloitte | 1,645 ▲ | $457,536,578 ▼ | 27,027 ▲ | 13,224 ▲ | 4 Addresses | |||
 Anzen USDzAnzen | USDz |   | $126,677,858 ▲ | $0.9825 ▲ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 71 △ | $15,835,451 ▲ | 254 ▲ | 1,063 ▲ | 4 Addresses | ||
 Global DollarPaxos Digital Singapore | USDG | $115,132,946 ▲ | $0.9998 ▼ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 52 ▲ | $184,114,233 ▲ | 170 ▲ | 82 ▲ | |||
 Pax DollarPaxos | USDP | | $79,260,098 ▼ | $1.0003 ▲ | 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 | 134,178 ▲ | $133,116,162 ▲ | 335,806 ▲ | 236,275 ▲ | 2 Addresses | ||||
 Binance USDPaxos | BUSD | $57,482,675 ▼ | $0.9929 ▼ | 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 | 977 ▼ | $10,493,314 ▲ | 3,597 ▼ | 150,937 ▼ | |||||
 Anchored Coins EURAnchored Coins | AEUR | | $56,382,033 ▼ | $0.9978 ▼ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 6 ▲ | $6,806 ▲ | 6 ▲ | 150 ▲ | 2 Addresses |
 Mountain USDMountain Protocol | USDM | | $51,949,290 ▼ | $0.9994 ▼ | US Dollar | Public Equity - Treasury ETF+ 4 More |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 3,485 ▼ | $113,147,801 ▼ | 23,829 ▼ | 7,040 ▲ | 6 Addresses | ||||
 AUSDAgora | AUSD |  | $49,106,487 ▲ | $0.9997 ▲ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 17,771 ▲ | $855,163,890 ▼ | 259,146 ▼ | 32,113 ▲ | 3 Addresses | ||
 Liquity LUSDLiquity Protocol | LUSD | $48,486,883 ▼ | $1.0015 ▼ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 726 ▼ | $57,240,777 ▼ | 4,986 ▲ | 11,759 ▼ | ||||||
 EUR CoinVertibleSociete Generale | EURCV | $45,122,526 ▲ | $1.0878 ▼ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | — | — | — | — | 9 ▼ | $1,210,527 ▲ | 70 ▼ | 44 ▲ | |||||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $41,045,825 ▼ | $1.0007 ▲ | US Dollar | Corporate Bonds+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 126 △ | $340,981,146 ▲ | 637 ▲ | 157 ▲ | |||||
 Tether EURtTether Holdings | EURT | $32,460,844 ▲ | $1.1030 ▲ | 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 | 288 ▲ | $3,108,127 ▼ | 1,299 ▼ | 1,850 ▲ | ||||||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $22,340,056 ▲ | $0.9828 ▼ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 559 ▲ | $106,381,934 ▲ | 8,747 ▲ | 19,823 ▲ | |||
 Angle EuroAngle | AGEUR | $19,823,669 ▲ | $1.0820 ▼ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 257 ▲ | $38,595,090 ▲ | 5,453 ▲ | 2,928 ▲ | |||||
 Z.com USDGMO Trust | ZUSD | | $11,546,190 ▼ | $0.6104 ▼ | 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 | — | 39 ▼ | $1,969 ▼ | 87 ▼ | 650 ▲ | 3 Addresses | |||
 Stasis EuroStasis | EURS |  | $10,798,071 ▲ | $1.0901 ▲ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 210 ▲ | $4,726,908 ▼ | 5,840 ▼ | 5,979 ▼ | 2 Addresses | |
 GMO JPYGMO Trust | GYEN | | $9,899,707 ▼ | $0.0066 ▲ | 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 | 127 ▼ | $31,482 ▼ | 352 ▼ | 11,254 ▲ | 3 Addresses | |||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | $9,634,628 ▼ | $0.7464 ▼ | Singapore Dollar | non-US Government Debt - Singaporean Treasury BillsBank Deposits - SGD | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | KK Yap & Associates | 349 ▼ | $20,862,191 ▼ | 3,396 ▲ | 3,211 ▲ | ||||||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $8,072,523 ▼ | $0.2416 ▲ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 2 ▼ | $18 ▼ | 4 ▼ | 238 △ | |||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,834,632 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 172 ▲ | $30,299,160 ▼ | 733 ▲ | 10,950 ▲ | 3 Addresses | |
 Alloy USDTTether Holdings | aUSDT | $3,812,207 ▲ | $0.9943 ▼ | US Dollar | Commodities - XAUT | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Swiss Custodian (undisclosed) | BDO Italia | 17 ▲ | $504,206 ▼ | 40 ▼ | 34 ▲ | ||||
 BiLira Turkish LiraBiLira | TRYB | $3,694,504 ▲ | $0.0256 ▼ | Turkish Lira | Bank Deposits - TRY |  Turkey | Non-Regulated | — | — | — | BiLira Teknoloji A.Ş. | Corpus Denetim ve Yeminili Mali Musavirlik AS | 47 ▼ | $883,383,411 ▼ | 974 ▼ | 896 ▲ | ||||
| Fathom DollarFathom DAO | FXD | $3,103,600 ▲ | $1.0005 ▲ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 129 ▼ | $2,340,967 ▼ | 28,460 ▼ | 720 ▲ | |||
 Tether CNHtTether Holdings | CNHT | | $2,827,087 ▲ | $0.1379 △ | 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 | 2 ▼ | $11 ▼ | 1 ▼ | 56 ▲ | 2 Addresses | |||
 Forte AUDForte Securities Australia Pty Limited | AUDF | | $2,577,271 ▼ | $0.6248 ▼ | Australian Dollar | Bank Deposits - AUD |  Australia | Australian Financial Services License ASIC - Australian Securities & Investments Commission | — | — | — | — | — | MVA Bennett | 42 ▼ | $215,956,120 ▲ | 1,193 ▼ | 84 ▲ | 3 Addresses | |
 Gemini DollarGemini | GUSD | $2,430,854 ▼ | $1.0000 ▼ | 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 | 599 ▼ | $119,739,197 ▲ | 3,434 ▲ | 21,876 ▼ | ||||||
 Transfero: BRZTransfero | BRZ | $2,430,770 ▲ | $0.1736 ▲ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 67 ▲ | $545,594 ▼ | 304 ▼ | 265 ▲ | ||||
 Open Money USDOpen Money DAO | omUSD | $999,495 ▲ | $0.9995 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | 39 ▲ | $136,280 ▲ | 72 ▼ | 77 ▼ | |||
 Tether MXNtTether Holdings | MXNT | $992,171 ▲ | $0.0496 ▼ | 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 | $769,790 ▲ | $0.7737 ▲ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 24 ▲ | $407,379 ▲ | 713 ▲ | 795 ▲ | ||
 Glo DollarBrale | USDGLO | $545,427 ▼ | $1.0000 ▲ | US Dollar | US Treasury DebtBank Deposits - USD | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Abdo Solutions | 17 ▼ | $97,947 ▼ | 47 ▼ | 145 ▲ | |||||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $240,227 ▼ | $0.6252 ▲ | 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 | 27 ▼ | $135,129 ▲ | 453 ▲ | 551 ▲ | 2 Addresses | |
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $116,639 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | — | — | KK Yap & Associates | — | 3 ▲ | $326 ▼ | 5 ▲ | 196 △ | |||
 Verified USDVerified USD | USDV | $77,578 ▲ | $0.5237 ▲ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 20 ▲ | $488 ▼ | 34 ▲ | 253 △ | |||||
 EUROeMembrane Finance | EUROe | $76,378 ▼ | $1.0889 ▼ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 6 ▼ | $534,083 ▼ | 12 ▼ | 154 ▲ | |||||
VCHF | $62,274 ▲ | $1.1291 ▼ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 4 ▲ | $715 ▲ | 7 ▲ | 40 ▲ | ||||||
 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 | 6 ▲ | $23,047 △ | 20 △ | 145 △ |
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