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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
$226.51B
▲+0.63%from 30d ago
% of M2 Money Supply
1.08%
▲+0.63%from 30d ago
Monthly Transfer Volume
$2.00T
▼8.65%from 30d ago
Monthly Active Addresses
24.07M
▼10.22%from 30d ago
Holders
157.58M
▲+2.58%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 04/15/2025
Top Entities
# | Issuer | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 18 | $143,532.92M | ▲0.80% | 63.37% ▲ |
2 |  Circle | 27 | $58,740.28M | ▲2.19% | 25.93% ▲ |
3 |  Sky | 4 | $7,002.48M | ▼12.93% | 3.09% ▼ |
4 |  Ethena | 2 | $4,999.21M | ▼8.50% | 2.21% ▼ |
5 |  Binance | 2 | $4,606.64M | ▼0.07% | 2.03% ▼ |
6 |  First Digital Labs | 3 | $1,699.59M | ▼10.74% | 0.75% ▼ |
7 |  Pallas Fund | 4 | $1,436.00M | ▲81.28% | 0.63% ▲ |
8 |  Paxos | 5 | $980.15M | ▲7.88% | 0.43% ▲ |
9 |  USDD Protocol | 1 | $747.45M | ▲1.92% | 0.33% ▲ |
10 | Usual | 1 | $714.37M | ▼26.79% | 0.32% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 04/15/2025
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 |          | $143,495,449,037 ▲ | $0.9999 ▲ | 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 | 12,233,873 ▼ | $823,635,001,166 ▼ | 162,702,740 ▼ | 95,844,189 ▲ | 13 Addresses | ||||
 USDCCircle | USDC |        | $58,494,300,344 ▲ | $1.0000 ▲ | 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 | 4,518,523 ▼ | $833,405,223,000 ▼ | 191,184,206 ▼ | 22,652,546 ▲ | 22 Addresses | ||||
| USDSSky | USDS | | $7,002,481,874 ▼ | $1.0000 ▼ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 56,963 ▼ | $231,150,301,291 ▲ | 3,199,277 ▼ | 664,653 ▲ | 4 Addresses | |||
 Ethena USDeEthena | USDe | | $4,999,212,532 ▼ | $0.9991 ▲ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | — | — | — | — | 18,402 ▼ | $13,950,728,923 ▲ | 268,514 ▲ | 31,610 ▲ | 2 Addresses |
 Binance-Peg USDBinance | BSC-USD | $4,284,752,111 ▼ | $0.9999 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 7,066,546 ▼ | $67,443,911,370 ▼ | 57,750,540 ▼ | 31,245,286 ▲ | ||
 First Digital USDFirst Digital Labs | FDUSD | | $1,699,588,273 ▼ | $0.9987 ▲ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 13,225 ▲ | $11,697,295,778 ▲ | 702,524 ▲ | 54,374 ▲ | 3 Addresses | ||||
 USDtbPallas Fund | USDtb | | $1,436,004,418 ▲ | $1.0001 ▲ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 41 ▼ | $317,373,267 ▲ | 226 ▼ | 81 ▲ | 4 Addresses | |
 Paypal USDPaxos | PYUSD | | $842,841,716 ▲ | $0.9997 ▲ | 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 | 37,973 ▼ | $4,140,678,616 ▼ | 1,189,573 ▼ | 59,929 ▲ | 2 Addresses | ||||
 USDDUSDD Protocol | USDD | $747,452,539 ▲ | $0.9999 ▲ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 602 ▼ | $247,979,080 ▼ | 11,826 ▼ | 135,073 ▲ | ||||||
 Usual USDUsual | USD0 | $714,371,303 ▼ | $0.9979 ▲ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 4,219 ▼ | $2,584,062,438 ▲ | 59,790 ▲ | 14,126 ▼ | |||||
 FRAXFrax Finance | FRAX | | $325,303,645 ▼ | $0.9999 ▲ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 1,347 ▲ | $572,579,973 ▼ | 77,086 ▼ | 16,724 ▲ | 2 Addresses | |||
 Binance-Peg BUSDBinance | BSC-BUSD | $321,885,185 ▲ | $1.0015 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 39,257 ▼ | $245,156,220 ▼ | 1,924,422 ▼ | 6,231,249 ▲ | ||
 Ripple USDStandard Custody & Trust Company | RLUSD |  | $293,321,922 ▲ | $0.9987 ▲ | US Dollar | — | United States of America | New York State, U.S. Virtual Currency Business NYDFS - New York State Department of Financial Services | — | — | — | BPM LLP | 3,128 ▼ | $1,068,728,236 ▲ | 300,761 ▼ | 31,118 ▲ | 2 Addresses | |||
 EURCCircle | EURC | | $245,977,109 ▲ | $1.1346 ▲ | 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 | 22,138 ▲ | $2,511,898,293 ▲ | 1,318,684 ▲ | 50,624 ▲ | 5 Addresses | |||
 Global DollarPaxos Digital Singapore | USDG | | $245,730,280 ▲ | $1.0001 ▲ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 1,645 ▲ | $679,256,806 ▲ | 141,317 ▲ | 520 ▲ | 2 Addresses | |
 GHOAave | GHO | $211,112,730 ▲ | $0.9999 ▼ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 4,626 ▲ | $1,568,006,271 ▲ | 45,884 ▲ | 4,301 ▲ | |||||
 Elixir deUSDElixir | deUSD | | $200,954,704 ▼ | $0.9994 ▼ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 9,321 ▼ | $920,831,090 ▼ | 51,549 ▼ | 4,507 ▼ | 3 Addresses | ||
 MM^0 | M | $173,810,433 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | — | — | 18 ▼ | $225,353,999 ▲ | 203 ▲ | 41 ▲ | ||
 Anzen USDzAnzen | USDz |   | $123,536,655 ▲ | $0.9728 ▲ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 88 ▲ | $10,608,975 ▼ | 364 ▲ | 1,100 ▲ | 4 Addresses | ||
 Pax DollarPaxos | USDP | | $79,445,845 ▲ | $1.0000 ▼ | 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 | 16,825 ▼ | $148,283,514 ▲ | 89,717 ▼ | 240,091 ▲ | 2 Addresses | ||||
 AUSDAgora | AUSD |  | $77,135,509 ▼ | $1.0005 ▲ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 11,466 ▼ | $760,889,735 ▼ | 341,028 ▼ | 38,695 ▲ | 4 Addresses | ||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $76,646,856 ▲ | $1.0004 ▼ | US Dollar | Corporate Bonds+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 234 ▲ | $327,813,852 ▼ | 1,099 ▲ | 162 ▲ | |||||
 Anchored Coins EURAnchored Coins | AEUR | | $58,193,541 ▲ | $1.0299 ▲ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 4 ▼ | $3,127 ▼ | 6 ▼ | 152 ▲ | 2 Addresses |
 Binance USDPaxos | BUSD | $57,861,026 ▼ | $0.9994 ▲ | 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 | 1,234 ▲ | $11,897,758 ▲ | 3,840 ▲ | 150,585 ▼ | |||||
 Mountain USDMountain Protocol | USDM | | $49,248,088 ▼ | $0.9992 ▲ | US Dollar | Public Equity - Treasury ETF+ 4 More |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 2,113 ▼ | $50,514,002 ▼ | 45,047 ▲ | 8,736 ▲ | 7 Addresses | ||||
 EUR CoinVertibleSociete Generale | EURCV | $47,478,939 ▲ | $1.1347 ▲ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | — | — | — | — | 15 ▲ | $2,458,977 ▲ | 106 ▲ | 45 ▲ | |||||
 Liquity LUSDLiquity Protocol | LUSD | $43,993,953 ▼ | $1.0021 ▼ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 683 ▼ | $51,859,519 ▼ | 5,736 ▲ | 11,750 ▼ | ||||||
 Tether EURtTether Holdings | EURT | $33,408,342 ▲ | $1.1352 ▲ | 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 | 300 ▼ | $8,062,790 ▲ | 2,236 ▲ | 1,898 ▲ | ||||||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $21,041,275 ▲ | $0.9006 ▼ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 710 ▲ | $89,163,373 ▲ | 11,059 ▲ | 19,815 ▼ | |||
 Angle EuroAngle | AGEUR | $19,313,676 ▼ | $1.1353 ▲ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 282 ▲ | $68,019,316 ▲ | 8,671 ▲ | 2,936 ▲ | |||||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | | $15,389,910 ▲ | $0.7569 ▲ | Singapore Dollar | non-US Government Debt - Singaporean Treasury BillsBank Deposits - SGD | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | KK Yap & Associates | 526 ▼ | $84,369,818 ▼ | 19,489 ▼ | 3,635 ▲ | 2 Addresses | ||||
 Z.com USDGMO Trust | ZUSD | | $14,856,701 ▼ | $0.7854 ▼ | 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 | — | 68 ▲ | $3,379 ▲ | 158 ▲ | 649 ▼ | 3 Addresses | |||
 BiLira Turkish LiraBiLira | TRYB | $11,265,944 ▲ | $0.0259 ▲ | Turkish Lira | Bank Deposits - TRY |  Turkey | Non-Regulated | — | — | — | BiLira Teknoloji A.Ş. | Corpus Denetim ve Yeminili Mali Musavirlik AS | 33 ▼ | $458,400,393 ▼ | 577 ▼ | 895 ▲ | ||||
 Stasis EuroStasis | EURS |  | $11,171,696 ▲ | $1.1278 ▲ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 216 ▼ | $5,211,447 ▼ | 5,502 ▲ | 5,980 ▼ | 2 Addresses | |
 GMO JPYGMO Trust | GYEN | | $9,483,247 ▼ | $0.0065 ▼ | 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 | 131 ▲ | $1,401,142 ▲ | 552 ▲ | 11,302 ▲ | 3 Addresses | |||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $6,583,233 ▼ | $0.1970 ▲ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 3 ▲ | $33 ▼ | 8 ▲ | 238 △ | |||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,781,824 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 139 ▼ | $148,856 ▼ | 610 ▼ | 11,031 ▲ | 3 Addresses | |
| Fathom DollarFathom DAO | FXD | $3,261,249 ▲ | $1.0005 ▲ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 105 ▼ | $2,622,279 ▲ | 26,522 ▲ | 725 ▲ | |||
 Tether CNHtTether Holdings | CNHT | | $2,813,146 ▼ | $0.1372 ▲ | 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 | 4 △ | $29 ▼ | 3 △ | 56 △ | 2 Addresses | |||
 Forte AUDForte Securities Australia Pty Limited | AUDF | | $2,595,074 ▲ | $0.6291 ▲ | Australian Dollar | Bank Deposits - AUD |  Australia | Australian Financial Services License ASIC - Australian Securities & Investments Commission | — | — | — | — | — | MVA Bennett | 39 ▼ | $294,417,704 ▲ | 3,306 ▲ | 90 ▲ | 3 Addresses | |
 Transfero: BRZTransfero | BRZ | $2,372,723 ▼ | $0.1695 ▼ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 28 ▼ | $140,112 ▼ | 77 ▼ | 268 ▲ | ||||
 Gemini DollarGemini | GUSD | $2,349,394 ▼ | $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 | 605 ▼ | $116,647,606 ▲ | 3,091 ▼ | 21,851 ▼ | ||||||
 Tether MXNtTether Holdings | MXNT | $933,999 ▼ | $0.0467 ▼ | 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 | $791,972 ▲ | $0.7960 ▲ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 19 ▼ | $113,685 ▼ | 454 ▼ | 795 ▲ | ||
 Glo DollarBrale | USDGLO | $535,068 ▼ | $0.9998 ▲ | US Dollar | US Treasury DebtBank Deposits - USD | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Abdo Solutions | 25 ▲ | $126,551 ▼ | 63 ▼ | 147 ▲ | |||||
 Alloy USDTTether Holdings | aUSDT | $316,854 ▼ | $1.0005 ▲ | US Dollar | Commodities - XAUT | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Swiss Custodian (undisclosed) | BDO Italia | 9 ▼ | $7,038,993 ▲ | 24 ▼ | 33 △ | ||||
 EUROeMembrane Finance | EUROe | | $315,386 ▼ | $1.1317 ▲ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 181 ▼ | $778,372 ▼ | 7,550 ▼ | 1,595 ▲ | 2 Addresses | |||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $255,892 ▲ | $0.6284 ▲ | 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 | 32 ▲ | $126,715 ▼ | 434 ▲ | 553 ▲ | 2 Addresses | |
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $118,234 ▲ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | — | — | KK Yap & Associates | — | 5 ▲ | $917 ▲ | 12 ▲ | 195 ▼ | |||
 Open Money USDOpen Money DAO | omUSD | $112,783 ▼ | $0.9998 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | 21 ▼ | $840,872 ▲ | 44 ▼ | 74 ▼ | |||
 Verified USDVerified USD | USDV | $95,769 ▼ | $0.6440 ▲ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 15 ▼ | $2,679 ▲ | 29 ▼ | 257 ▲ | |||||
VCHF | $67,577 ▲ | $1.2253 ▲ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 6 ▲ | $339 ▼ | 9 ▲ | 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 | 7 ▲ | $11,408 ▼ | 54 ▲ | 146 ▲ |
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