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

$262.96B

+6.43%from 30d ago

Monthly Transfer Volume

$3.44T

+18.02%from 30d ago

Monthly Active Addresses

38.78M

4.61%from 30d ago

Holders

190.02M

+3.33%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 08/14/2025

Top Entities

#
Issuer
RWA Count
Market Cap
30D%
Market Share
1
Tether Holdings LogoTether Holdings
20
$162,861.0M
3.06%
61.93%
2
Circle International LogoCircle International
25
$64,756.7M
6.94%
24.63%
3
Ethena LogoEthena
2
$10,996.6M
102.8%
4.18%
4
Sky LogoSky
5
$8,940.9M
14.01%
3.40%
5
Binance LogoBinance
2
$4,596.0M
0.06%
1.75%
6
BitGo LogoBitGo
3
$2,103.6M
0.04%
0.80%
7
Pallas Fund LogoPallas Fund
4
$1,466.1M
0.95%
0.56%
8
FD121 (BVI) Limited LogoFD121 (BVI) Limited
3
$1,302.1M
9.94%
0.50%
9
Paxos LogoPaxos
5
$1,236.8M
25.96%
0.47%
10
USDD Protocol LogoUSDD Protocol
1
$745.8M
0.11%
0.28%

Stablecoin Payment Corridors

View cross-border stablecoin payment corridors between different countries.

Get Access to Payment Corridor Metrics

as of 08/14/2025

Stablecoins

60 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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Holders
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Contract Address
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Tether USDt IconTether USDtTether Holdings
USDT
TRON LogoSolana LogoPolygon LogoPlume LogoOptimism LogoNEAR LogoEthereum LogoCelo LogoAvalanche LogoArbitrum LogoAptos Logo
$162,847,223,726
$0.9998

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
15,919,561
$1,355,462,774,423
335,419,620
112,878,155
15 Addresses
USDC IconUSDCCircle International
USDC
ZKsync Era LogoXRP Ledger LogoTRON LogoStellar LogoSolana LogoPolygon LogoPlume LogoOptimism LogoNoble LogoNEAR LogoMANTRA LogoEthereum LogoCelo LogoBinance Smart Chain LogoBase LogoAvalanche LogoArbitrum LogoAptos Logo
$64,756,701,222
$0.9998

US Dollar

Money Market - Fund+ 3 More
Bermuda Flag

Bermuda

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

2 - Strong
The Bank of New York Mellon
Deloitte
9,415,458
$1,394,757,872,368
393,970,557
31,272,068
25 Addresses
USDe
Solana LogoEthereum Logo
$10,996,573,049
$1.0005

US Dollar

Derivatives - Short ETH PerpsCryptocurrencies - ETH

N/A

Non-Regulated

5 - Weak
18,815
$66,606,345,436
258,303
37,752
2 Addresses
USDS IconUSDSSky
USDS
Solana LogoPolygon LogoNEAR LogoEthereum Logo
$8,940,911,694
$0.9996

US Dollar

Structured Credit+ 4 More

N/A

Non-Regulated

4 - Constrained
691,458
$178,761,195,925
32,428,055
2,750,164
5 Addresses
BSC-USD
$4,285,094,083
$1.0000

US Dollar

11,587,934
$376,840,859,281
306,418,242
35,506,607
USD1 IconUSD1BitGo
USD1
TRON LogoEthereum LogoBinance Smart Chain Logo
$2,103,645,025
$0.9999

US Dollar

All reserve assets are held or maintained by BitGo Trust Company+ 6 More
Crowe LLP
648,122
$21,494,346,360
19,937,154
349,583
3 Addresses
USDtb IconUSDtbPallas Fund
USDtb
Solana LogoEthereum LogoBase LogoArbitrum Logo
$1,466,149,173
$0.9999

US Dollar

US Treasury Debt - BUIDL
British Virgin Islands Flag

British Virgin Islands

524
$914,597,454
7,742
345
4 Addresses
First Digital USD IconFirst Digital USDFD121 (BVI) Limited
FDUSD
Solana LogoEthereum LogoBinance Smart Chain Logo
$1,302,053,454
$0.9973

US Dollar

Money Market - RRP+ 2 More
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

4 - Constrained
First Digital Trust
Prescient Assurance LLC.
8,630
$3,642,525,110
170,656
62,413
3 Addresses
PYUSD
Solana LogoEthereum Logo
$1,114,892,416
$0.9997

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
178,883
$3,955,942,565
2,605,603
87,959
2 Addresses
USDD IconUSDDUSDD Protocol
USDD
$745,786,508
$0.9996

US Dollar

CryptocurrenciesStablecoins

Non-Regulated

Huobi Exchange
255
$14,184,768
7,857
135,167
Ripple USD IconRipple USDStandard Custody & Trust Company
RLUSD
XRP Ledger LogoEthereum Logo
$642,152,819
$0.9991

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
4,593
$3,429,197,185
367,007
35,062
2 Addresses
USD0
$577,883,752
$0.9977

US Dollar

Money Market - USYC
France Flag

France

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

3,326
$284,020,591
17,657
11,740
GHO IconGHOAave
GHO
$338,463,109
$0.9995

US Dollar

US Treasury Debt - TokenizedCryptocurrencies

N/A

Non-Regulated

BNY Mellon Pershing
4,398
$3,883,789,806
50,470
6,362
Global Dollar IconGlobal DollarPaxos Digital Singapore
USDG
Solana LogoEthereum Logo
$327,271,873
$0.9999

US Dollar

US Treasury Debt+ 2 More
Singapore Flag

Singapore

6,085
$3,175,939,829
1,529,996
3,458
2 Addresses
BSC-BUSD
$310,868,003
$1.0015

US Dollar

50,276
$182,897,967
2,886,101
6,175,452
FRAX IconFRAXFrax Finance
FRAX
NEAR LogoEthereum Logo
$301,894,724
$0.9984

US Dollar

Money Market - Fund+ 4 More

N/A

Non-Regulated

5 - Weak
Lead Bank
885
$552,329,735
32,941
17,003
2 Addresses
OpenEden OpenDollar IconOpenEden OpenDollarOpenEden Digital
USDO
Ethereum LogoBase Logo
$273,595,217
$0.9980

US Dollar

Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

Agio iconAgio
230
$31,416,965
1,009
158
2 Addresses
M IconMM0
M
Plume LogoEthereum Logo
$266,635,067
$1.0000

US Dollar

N/A

30
$426,024,320
609
60
2 Addresses
EURC IconEURCCircle
EURC
Stellar LogoSolana LogoEthereum LogoBase LogoAvalanche Logo
$259,176,985
$1.1683

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
133,150
$2,170,384,702
1,402,762
49,057
5 Addresses
deUSD
Plume LogoEthereum LogoAvalanche Logo
$212,257,565
$1.0003

US Dollar

Stablecoins - sDAI+ 3 More
British Virgin Islands Flag

British Virgin Islands

Ceffu Copper Clearloop
3,692
$428,097,851
55,826
6,776
4 Addresses
AUSD IconAUSDAgora
AUSD
Solana LogoPolygon LogoMantle LogoEthereum LogoAvalanche Logo
$147,697,682
$1.0000

US Dollar

Bank Deposits - USD+ 2 More
British Virgin Islands Flag

British Virgin Islands

State Street
5,237
$1,016,429,462
423,441
46,111
5 Addresses
USDz
Manta Pacific LogoEthereum LogoBlast LogoBase Logo
$120,706,087
$0.9860

US Dollar

Private Credit - sPCT
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

32
$2,058,894
94
1,172
4 Addresses
Avant USD IconAvant USDAvant Technology Foundation
avUSD
$97,443,892
$1.0011

US Dollar

435
$108,269,060
32,539
853
USDP
Solana LogoEthereum Logo
$66,959,330
$1.0001

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
3,059
$144,946,716
43,352
273,373
2 Addresses
BUSD
$54,981,334
$0.9992

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
31,414
$12,629,813
31,140
125,379
Anchored Coins EUR IconAnchored Coins EURAnchored Coins
AEUR
Ethereum LogoBinance Smart Chain Logo
$52,265,642
$1.1021

Euro

Switzerland Flag

Switzerland

12
$37,618,876
94
158
2 Addresses
EUR CoinVertible IconEUR CoinVertibleSociete Generale
EURCV
$49,144,205
$1.1669

Euro

Bank Deposits - EUR
France Flag

France

France Digital Asset Service Provider (DASP) under PACTE Law

AMF - French Autorité des Marchés Financiers

3 - Adequate
14
$55,618,003
105
57
lvlUSD
$48,384,379
$0.9998

US Dollar

United States of America Flag

United States of America

944
$168,009,644
6,228
1,349
Liquity LUSD IconLiquity LUSDLiquity Protocol
LUSD
$39,254,908
$1.0030

US Dollar

Cryptocurrencies - ETH

N/A

Non-Regulated

577
$23,727,046
3,418
12,105
Synthetix sUSD IconSynthetix sUSDSynthentix Protocol Governed by Synthetix DAO
sUSD
$36,264,498
$0.9907

US Dollar

Cryptocurrencies - SNX

N/A

Non-Regulated

612
$20,092,584,153
10,202
19,913
Plume USD IconPlume USDNucleus
pUSD
$28,793,534
$0.9972

US Dollar

58,186
$672,919,432
6,027,054
79,548
AGEUR
$20,129,750
$1.1723

Euro

Corporate Bonds+ 2 More

N/A

Non-Regulated

WithumSmith+Brown
219
$32,569,650
5,074
2,947
Mountain USD IconMountain USDMountain Protocol
USDM
ZKsync Era LogoPolygon LogoOptimism LogoEthereum LogoBase LogoAvalanche LogoArbitrum Logo
$19,211,645
$0.9997

US Dollar

Public Equity - Treasury ETF+ 4 More
Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

3 - Adequate
Nephos Group
308
$5,621,783
2,007
9,418
7 Addresses
Bean IconBeanBeanstalk Protocol Governed by Beanstalk DAO
BEAN
$16,579,183
$0.4962

US Dollar

Cryptocurrencies - "Pods" Beanstalk Debt

Non-Regulated

5
$29
8
237
XSGD
Ethereum LogoAvalanche Logo
$15,844,664
$0.7793

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
$14,652,499
$1.0001

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
605
$116,681,551
2,644
21,660
EURS
XDC LogoEthereum Logo
$10,627,900
$1.1697

Euro

Bank Deposits - EUR
Malta Flag

Malta

Malta Virtual Financial Assets (VFA) Framework

MFSA - Malta Financial Services Authority

EXT LTD+ 2 More
BDO Malta
254
$7,251,957
2,437
6,065
2 Addresses
Tether EURt IconTether EURtTether Holdings
EURT
$10,466,374
$1.1449

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
302
$3,564,794
1,405
2,114
Quantoz USDQ IconQuantoz USDQQuantoz Payments
USDQ
$6,758,872
$0.9997

US Dollar

Netherlands Flag

Netherlands

220
$5,919,295
2,062
191
GMO JPY IconGMO JPYGMO Trust
GYEN
Stellar LogoSolana LogoEthereum Logo
$6,056,458
$0.0056

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
$2,864,989
836
11,529
3 Addresses
Quantoz EURQ IconQuantoz EURQQuantoz Payments
EURQ
$4,441,227
$1.1695

Euro

Netherlands Flag

Netherlands

183
$6,414,744
642
171
RupiahToken IconRupiahTokenPT Rupiah Token Indonesia
IDRT
Polygon LogoEthereum LogoBinance Smart Chain Logo
$3,641,045
$0

Indonesian Rupiah

Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
85
$1,302,491
340
11,425
3 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
$231,063,784
1,271
101
3 Addresses
BRZ
$2,580,660
$0.1843

Brazilian Real

Bank Deposits - BRL+ 3 More
Switzerland Flag

Switzerland

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
10
$938,675
68
283
EURØP IconEURØPSchuman Financial
EURØP
XRP Ledger LogoPolygon LogoEthereum LogoAvalanche Logo
$2,265,736
$1.1691

Euro

Switzerland Flag

Switzerland

KPMG
44
$1,366,650
2,328
87
4 Addresses
Tether CNHt IconTether CNHtTether Holdings
CNHT
TRON LogoEthereum Logo
$2,216,321
$0.1081

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
Fathom Dollar IconFathom DollarFathom DAO
FXD
$1,825,358
$0.8225

US Dollar

Cryptocurrencies - XDC

N/A

Non-Regulated

75
$749,492
13,611
748
AUDD
Stellar LogoEthereum Logo
$1,734,842
$0.6423

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
47
$2,360,219
302
616
2 Addresses
Z.com USD IconZ.com USDGMO Trust
ZUSD
Stellar LogoSolana LogoEthereum Logo
$939,451
$0.8115

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
14
$15,703,324
19
659
3 Addresses
Synthetix sEUR IconSynthetix sEURSynthentix Protocol Governed by Synthetix DAO
sEUR
$795,899
$0.7999

Euro

Cryptocurrencies - SNX

N/A

Non-Regulated

20
$52,487
118
797
Tether MXNt IconTether MXNtTether Holdings
MXNT
$622,000
$0.0311

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
USDGLO
$534,153
$0.9991

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
15
$9,341
25
155
Alloy USDT IconAlloy USDTTether Holdings
aUSDT
$448,692
$0.9989

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
7
$160,531
8
35
VCHF
$427,708
$1.2399

Swiss Franc

Commodities - Gold
Liechtenstein Flag

Liechtenstein

Liechtenstein Blockchain Act

FMA - Liechtenstein Financial Market Authority

Philoro Edelmetallhandel AG
AREVA AG
15
$575,668
62
47
MXNB - Mexican Peso Stablecoin IconMXNB - Mexican Peso StablecoinJuno (a Bitso company)
MXNB
Ethereum LogoAvalanche LogoArbitrum Logo
$413,863
$0.0553

Mexican Peso

Mexico Flag

Mexico

BDO
85
$8,275,244
13,436
188
3 Addresses
EUROe IconEUROeMembrane Finance
EUROe
Solana LogoEthereum Logo
$262,971
$1.1669

Euro

Bank Deposits - EUR
Finland Flag

Finland

Finland Electronic Money Institution (EMI)

FSA - Finish Financial Supervisory Authority

Bank Frick
KPMG
33
$11,025
14
1,597
2 Addresses
XIDR
$124,518
$0

Indonesian Rupiah

Bank Deposits - IDR
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
2
$38
4
196
Open Money USD IconOpen Money USDOpen Money DAO
omUSD
$112,724
$0.9992

US Dollar

5
$215
11
65
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
3
$395
4
147
Verified USD IconVerified USDVerified USD
USDV
$44,038
$0.2899

US Dollar

British Virgin Islands Flag

British Virgin Islands

Singapore Securities and Futures Act Section 275 Exemption

MAS - Monetary Authority of Singapore

5
$122
9
257