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

$185.92B

+8.99%from 30d ago

% of M2 Money Supply

0.89%

+8.99%from 30d ago

Monthly Transfer Volume

$1.96T

+28.9%from 30d ago

Monthly Active Addresses

21.73M

+6.83%from 30d ago

Holders

132.57M

+3.45%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 11/21/2024

Top Entities

#
Issuer
# RWAs
Market Cap
30D%
Market Share
1
Tether Holdings Logo

Tether Holdings

14
$130,174.89M
9.02%
70.02%
2
Circle Logo

Circle

20
$37,324.34M
8.47%
20.08%
3
Binance Logo

Binance

2
$4,661.51M
0.34%
2.51%
4
Sky Logo

Sky

3
$4,334.92M
30.87%
2.33%
5
Ethena Logo

Ethena

2
$3,567.14M
38.28%
1.92%
6
First Digital Labs Logo

First Digital Labs

2
$2,336.91M
12.78%
1.26%
7
USDD Protocol Logo

USDD Protocol

1
$762.59M
0.50%
0.41%
8
Paxos Logo

Paxos

5
$708.79M
13.83%
0.38%
9
Frax Finance Logo

Frax Finance

2
$652.73M
0.11%
0.35%
10
Usual Logo

Usual

1
$402.74M
14.03%
0.22%

Stablecoin Payment Corridors

View cross-border stablecoin payment corridors between different countries.

Get Access to Payment Corridor Metrics

as of 11/21/2024

Stablecoins

48 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
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 LogoOptimism LogoNEAR LogoEthereum LogoCelo LogoAvalanche LogoArbitrum Logo
$130,110,680,766
$1.0020

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
11,801,194
$941,360,382,402
125,592,671
81,383,976
9 Addresses
USDC IconUSDCCircle
$USDC
TRON LogoStellar LogoSolana LogoPolygon LogoOptimism LogoNoble LogoNEAR LogoEthereum LogoCelo LogoBinance Smart Chain LogoBase LogoAvalanche LogoArbitrum Logo
$37,244,114,554
$1.0007

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
4,429,121
$780,837,958,051
151,865,442
17,932,418
16 Addresses
USDS IconUSDSSky
$USDS
NEAR LogoEthereum Logo
$4,334,916,463
$1.0002

US Dollar

Structured Credit+ 4 More

N/A

Non-Regulated

4 - Constrained
27,301
$138,004,604,584
201,310
646,512
3 Addresses
$BSC-USD
$4,294,233,857
$1.0022

US Dollar

5,332,389
$67,884,744,166
48,193,936
25,727,121
$USDe
Solana LogoEthereum Logo
$3,567,140,534
$1.0025

US Dollar

Derivatives - Short ETH PerpsCryptocurrencies - ETH

N/A

Non-Regulated

10,825
$7,059,164,117
89,312
21,377
2 Addresses
First Digital USD IconFirst Digital USDFirst Digital Labs
$FDUSD
Ethereum LogoBinance Smart Chain Logo
$2,336,908,246
$0.9992

US Dollar

Money Market - RRP+ 2 More
Hong Kong Flag

Hong Kong

Non-Regulated

4 - Constrained
First Digital Trust
Prescient Assurance LLC.
5,108
$7,357,990,702
157,045
47,576
2 Addresses
USDD IconUSDDUSDD Protocol
$USDD
$762,585,344
$1.0020

US Dollar

CryptocurrenciesStablecoins

Non-Regulated

Huobi Exchange
1,719
$758,883,926
22,862
134,772
FRAX IconFRAXFrax Finance
$FRAX
NEAR LogoEthereum Logo
$652,733,401
$0.9969

US Dollar

Money Market - Fund+ 4 More

N/A

Non-Regulated

5 - Weak
Lead Bank
1,157
$736,554,162
26,131
15,738
2 Addresses
$PYUSD
Solana LogoEthereum Logo
$530,421,098
$1.0008

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
32,319
$7,079,831,462
1,394,471
40,508
2 Addresses
$USD0
$402,740,574
$1.0018

US Dollar

Money Market - USYC
France Flag

France

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

1,899
$1,018,629,504
17,987
8,150
$BSC-BUSD
$367,273,788
$1.0046

US Dollar

68,200
$587,626,886
2,845,682
6,223,132
GHO IconGHOAave
$GHO
$176,804,796
$0.9915

US Dollar

US Treasury Debt - TokenizedCryptocurrencies

N/A

Non-Regulated

BNY Mellon Pershing
1,866
$632,588,919
15,019
2,712
$deUSD
$153,041,255
$1.0011

US Dollar

Stablecoins - sDAI+ 3 More
British Virgin Islands Flag

British Virgin Islands

Ceffu Copper Clearloop
1,142
$249,534,203
5,418
994
$USDP
Solana LogoEthereum Logo
$110,373,584
$1.0025

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
1,755
$165,144,918
6,707
120,619
2 Addresses
$USDz
Manta Pacific LogoEthereum LogoBlast LogoBase Logo
$86,167,886
$0.9957

US Dollar

Private Credit - sPCT
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

115
$5,971,451
435
752
4 Addresses
EURC IconEURCCircle
$EURC
Stellar LogoEthereum LogoBase LogoAvalanche Logo
$80,224,392
$1.0611

Euro

Bank Deposits - EUR
United States of America Flag

United States of America

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

The Bank of New York Mellon
Deloitte
6,611
$545,239,294
31,098
9,722
4 Addresses
M IconMM^0
$M
$71,908,931
$1.0000

US Dollar

N/A

4
$39,000,341
7
23
Liquity LUSD IconLiquity LUSDLiquity Protocol
$LUSD
$69,726,424
$0.9959

US Dollar

Cryptocurrencies - ETH

N/A

Non-Regulated

541
$100,291,375
2,724
11,602
$BUSD
$67,996,117
$0.9967

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
778
$11,028,506
2,488
152,741
AUSD IconAUSDAgora
$AUSD
Mantle LogoEthereum LogoAvalanche Logo
$63,305,346
$0.9969

US Dollar

Bank Deposits - USD+ 2 More
British Virgin Islands Flag

British Virgin Islands

State Street
3,386
$906,515,441
128,028
2,018
3 Addresses
Anchored Coins EUR IconAnchored Coins EURAnchored Coins
$AEUR
Ethereum LogoBinance Smart Chain Logo
$59,997,120
$1.0618

Euro

Switzerland Flag

Switzerland

2
$471
2
140
2 Addresses
Mountain USD IconMountain USDMountain Protocol
4.5%
$USDM
Polygon LogoOptimism LogoEthereum LogoBase LogoArbitrum Logo
$57,568,014
$1.0022

US Dollar

Public Equity - Treasury ETF+ 4 More
Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

3 - Adequate
Nephos Group
602
$23,870,871
8,868
1,790
5 Addresses
Lift Dollar IconLift DollarPaxos Issuance MENA Ltd
4.5%
$USDL
$42,873,578
$1.0001

US Dollar

Corporate Bonds+ 3 More
United Arab Emirates Flag

United Arab Emirates

Abu Dhabi Global Market

FSRA - Financial Services Regulatory Authority

Crowe Mak
72
$40,523,888
255
156
EUR CoinVertible IconEUR CoinVertibleSociete Generale
$EURCV
$41,388,744
$1.0602

Euro

Bank Deposits - EUR
France Flag

France

France Digital Asset Service Provider (DASP) under PACTE Law

AMF - French Autorité des Marchés Financiers

20
$8,840,665
88
35
$TRYB
$37,306,452
$0.0289

Turkish Lira

Bank Deposits - TRY
Turkey Flag

Turkey

Non-Regulated

BiLira Teknoloji A.Ş.
Corpus Denetim ve Yeminili Mali Musavirlik AS
43
$433,272,042
544
841
Tether EURt IconTether EURtTether Holdings
$EURT
$31,119,365
$1.0519

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
272
$392,028,311
1,547
1,694
$EURS
XDC LogoEthereum Logo
$21,475,750
$1.0708

Euro

Bank Deposits - EUR
Malta Flag

Malta

Malta Virtual Financial Assets (VFA) Framework

MFSA - Malta Financial Services Authority

EXT LTD+ 2 More
BDO Malta
174
$98,145,443
1,399
5,910
2 Addresses
$AGEUR
$21,155,396
$1.0593

Euro

Corporate Bonds+ 2 More

N/A

Non-Regulated

WithumSmith+Brown
115
$23,166,888
1,454
2,883
Alloy USDT IconAlloy USDTTether Holdings
$aUSDT
$19,593,013
$0.9993

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
9
$2,281,885
19
26
$XSGD
$18,760,597
$0.7502

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
304
$15,802,170
1,297
2,896
Bean IconBeanBeanstalk Protocol Governed by Beanstalk DAO
$BEAN
$16,272,328
$0.4869

US Dollar

Cryptocurrencies - "Pods" Beanstalk Debt

Non-Regulated

3
$697
4
240
$GUSD
$15,609,584
$1.0005

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
919
$103,178,695
3,817
22,251
Z.com USD IconZ.com USDGMO Trust
$ZUSD
Stellar LogoSolana LogoEthereum Logo
$12,594,420
$0.6658

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
15
$7,279
59
686
3 Addresses
Tether CNHt IconTether CNHtTether Holdings
$CNHT
TRON LogoEthereum Logo
$12,506,894
$0.1250

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
1
$25,000
1
51
2 Addresses
GMO JPY IconGMO JPYGMO Trust
$GYEN
Stellar LogoSolana LogoEthereum Logo
$10,185,896
$0.0064

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
130
$134,672
332
10,967
3 Addresses
RupiahToken IconRupiahTokenPT Rupiah Token Indonesia
$IDRT
Polygon LogoEthereum LogoBinance Smart Chain Logo
$4,804,157
$0

Indonesian Rupiah

Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
57
$32,521,496
321
10,674
3 Addresses
Forte AUD IconForte AUDForte Securities Australia Pty Limited
$AUDF
Polygon LogoEthereum LogoAvalanche Logo
$3,378,680
$0.6657

Australian Dollar

Bank Deposits - AUD
Australia Flag

Australia

Australian Financial Services License

ASIC - Australian Securities & Investments Commission

MVA Bennett
13
$280,625,073
1,280
16
3 Addresses
Fathom Dollar IconFathom DollarFathom DAO
$FXD
$2,978,167
$1.0735

US Dollar

Cryptocurrencies - XDC

N/A

Non-Regulated

68
$906,966
11,608
632
$BRZ
$2,397,325
$0.1712

Brazilian Real

Bank Deposits - BRL+ 3 More
Switzerland Flag

Switzerland

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
35
$614,662
129
191
$AUDD
Stellar LogoEthereum Logo
$2,212,726
$0.6348

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
34
$1,794,663
211
530
2 Addresses
Synthetix sUSD IconSynthetix sUSDSynthentix Protocol Governed by Synthetix DAO
$sUSD
$2,186,579
$1.0035

US Dollar

Cryptocurrencies - SNX

N/A

Non-Regulated

211
$34,097,224
1,221
19,892
Tether MXNt IconTether MXNtTether Holdings
$MXNT
$988,010
$0.0494

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
$0
0
4
Synthetix sEUR IconSynthetix sEURSynthentix Protocol Governed by Synthetix DAO
$sEUR
$896,655
$0.9012

Euro

Cryptocurrencies - SNX

N/A

Non-Regulated

28
$797,107
157
790
$USDGLO
$665,213
$1.0022

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
4
$42,877
5
127
Verified USD IconVerified USDVerified USD
$USDV
$188,530
$1.0009

US Dollar

US Treasury Debt - Tokenized
British Virgin Islands Flag

British Virgin Islands

Singapore Securities and Futures Act Section 275 Exemption

MAS - Monetary Authority of Singapore

STBT Transparency Panel (VUSD Foundation, LayerZero, Michael Egorov)
17
$517,075
31
255
$XIDR
$124,912
$0

Indonesian Rupiah

Bank Deposits - IDR
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
1
$204,399
4
197
$VCHF
$62,298
$1.1344

Swiss Franc

Commodities - Gold
Liechtenstein Flag

Liechtenstein

Liechtenstein Blockchain Act

FMA - Liechtenstein Financial Market Authority

Philoro Edelmetallhandel AG
AREVA AG
15
$131,949
19
38
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
5
$2,264
16
145

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