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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
$231.49B
▲+2.06%from 30d ago
Monthly Transfer Volume
$2.15T
▲+5.07%from 30d ago
Monthly Active Addresses
25.04M
▲+0.08%from 30d ago
Holders
161.67M
▲+2.86%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 05/10/2025
Top Entities
# | Issuer | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 18 | $147,595.5M | ▲2.95% | 63.76% ▲ |
2 |  Circle | 27 | $58,996.6M | ▲0.74% | 25.49% ▼ |
3 |  Sky | 4 | $7,691.3M | ▲3.16% | 3.32% ▲ |
4 |  Ethena | 2 | $4,748.3M | ▼6.02% | 2.05% ▼ |
5 |  Binance | 2 | $4,607.3M | ▲0.03% | 1.99% ▼ |
6 |  First Digital Labs | 3 | $1,506.7M | ▼14.87% | 0.65% ▼ |
7 |  Pallas Fund | 4 | $1,440.2M | ▲0.31% | 0.62% ▼ |
8 |  Paxos | 5 | $1,072.6M | ▲12.62% | 0.46% ▲ |
9 |  USDD Protocol | 1 | $747.4M | ▲0.80% | 0.32% ▼ |
10 | Usual | 1 | $648.5M | ▼12.07% | 0.28% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 05/10/2025
Stablecoins
54 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 |          | $147,558,675,120 ▲ | $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 | 12,073,123 ▼ | $948,433,089,763 ▲ | 232,616,825 ▲ | 98,515,878 ▲ | 13 Addresses | ||||
 USDCCircle | USDC |        | $58,733,987,450 ▲ | $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 | 5,283,114 ▲ | $857,474,926,954 ▲ | 235,222,750 ▲ | 23,302,737 ▲ | 22 Addresses | ||||
| USDSSky | USDS | | $7,691,343,752 ▲ | $1.0002 ▲ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 45,837 ▼ | $243,415,821,811 ▲ | 2,783,436 ▼ | 668,234 ▲ | 4 Addresses | |||
 Ethena USDeEthena | USDe | | $4,748,261,951 ▼ | $0.9997 ▲ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | 5 - Weak | — | — | — | — | — | — | 14,445 ▼ | $6,706,370,469 ▼ | 161,666 ▼ | 32,569 ▲ | 2 Addresses |
 Binance-Peg USDBinance | BSC-USD | $4,285,628,855 ▲ | $1.0001 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 7,429,788 ▼ | $71,564,346,843 ▲ | 68,414,514 ▲ | 31,971,779 ▲ | ||
 First Digital USDFirst Digital Labs | FDUSD | | $1,506,732,773 ▼ | $0.9985 ▼ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 10,328 ▼ | $5,796,825,670 ▼ | 372,190 ▼ | 56,549 ▲ | 3 Addresses | ||||
 USDtbPallas Fund | USDtb | | $1,440,203,664 ▲ | $0.9999 ▼ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 54 ▲ | $204,204,730 ▼ | 320 ▲ | 98 ▲ | 4 Addresses | |
 Paypal USDPaxos | PYUSD | | $941,924,265 ▲ | $0.9995 ▲ | 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 | 43,224 ▲ | $3,432,774,878 ▼ | 2,051,678 ▲ | 63,360 ▲ | 2 Addresses | ||||
 USDDUSDD Protocol | USDD | $747,445,077 ▲ | $1.0005 ▲ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 612 ▼ | $437,332,152 ▲ | 11,704 ▼ | 135,136 ▲ | ||||||
 Usual USDUsual | USD0 | $648,498,540 ▼ | $0.9978 ▼ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 3,535 ▼ | $935,295,095 ▼ | 26,423 ▼ | 13,496 ▼ | |||||
 Binance-Peg BUSDBinance | BSC-BUSD | $321,621,913 ▼ | $1.0007 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 38,201 ▼ | $196,679,960 ▼ | 2,551,381 ▲ | 6,233,073 ▲ | ||
 FRAXFrax Finance | FRAX | | $320,593,676 ▼ | $1.0003 ▲ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 1,065 ▼ | $276,216,302 ▼ | 27,083 ▼ | 16,737 ▲ | 2 Addresses | |||
 Global DollarPaxos Digital Singapore | USDG | | $304,486,010 ▲ | $1.0000 ▼ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 3,448 ▲ | $1,138,277,856 ▲ | 273,136 ▲ | 1,104 ▲ | 2 Addresses | |
 Ripple USDStandard Custody & Trust Company | RLUSD |  | $289,721,487 ▼ | $1.0006 ▲ | US Dollar | — | United States of America | New York State, U.S. Virtual Currency Business NYDFS - New York State Department of Financial Services | — | — | — | BPM LLP | 3,962 ▼ | $1,567,375,064 ▲ | 303,645 ▼ | 31,391 ▲ | 2 Addresses | |||
 EURCCircle | EURC | | $262,631,494 ▲ | $1.1235 ▲ | Euro | Bank Deposits - EUR | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | 2 - Strong | — | The Bank of New York Mellon | Deloitte | 30,575 ▲ | $3,443,546,111 ▲ | 1,713,957 ▲ | 56,661 ▲ | 5 Addresses | |||
 GHOAave | GHO | $250,868,334 ▲ | $0.9995 ▼ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 4,976 ▲ | $1,860,500,385 ▲ | 47,421 ▲ | 4,752 ▲ | |||||
 MM0 | M | $213,217,195 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | — | — | 16 ▼ | $177,846,921 ▼ | 275 ▲ | 43 ▲ | ||
 OpenEden OpenDollarOpenEden Digital | USDO | | $204,455,970 ▲ | $1.0019 ▲ | US Dollar | — |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | — | — | — | Harris And Trotter | — | 150 ▲ | $189,181,841 ▲ | 2,042 ▲ | 88 ▲ | 2 Addresses | ||
 Elixir deUSDElixir | deUSD | | $197,834,284 ▼ | $0.9998 ▲ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 2,658 ▼ | $338,137,056 ▼ | 23,930 ▼ | 4,863 ▲ | 3 Addresses | ||
 Anzen USDzAnzen | USDz |   | $120,378,080 ▼ | $0.9652 ▼ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 71 ▼ | $4,726,063 ▼ | 256 ▼ | 1,128 ▲ | 4 Addresses | ||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $102,593,263 ▲ | $1.0005 ▼ | US Dollar | Corporate Bonds+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 189 ▼ | $177,039,427 ▼ | 2,001 ▲ | 179 ▲ | |||||
 AUSDAgora | AUSD |  | $82,356,266 ▲ | $0.9997 ▲ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 4,295 ▼ | $1,276,499,082 ▲ | 568,650 ▲ | 38,929 ▲ | 4 Addresses | ||
 Pax DollarPaxos | USDP | | $71,313,749 ▼ | $0.9999 ▼ | 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 | 35,573 ▲ | $147,856,394 ▲ | 135,593 ▲ | 264,516 ▲ | 2 Addresses | ||||
 Anchored Coins EURAnchored Coins | AEUR | | $59,506,258 ▲ | $1.0531 ▲ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 8 ▲ | $311 ▼ | 8 ▲ | 155 ▲ | 2 Addresses |
 Binance USDPaxos | BUSD | $59,391,274 ▲ | $1.0277 ▲ | 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 | 1,295 ▲ | $1,750,014 ▼ | 3,916 ▼ | 150,398 ▼ | |||||
 Mountain USDMountain Protocol | USDM | | $49,267,921 ▲ | $1.0007 ▲ | US Dollar | Public Equity - Treasury ETF+ 4 More | Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 3,001 ▲ | $57,920,728 ▲ | 45,427 ▲ | 10,668 ▲ | 7 Addresses | ||||
 EUR CoinVertibleSociete Generale | EURCV | $46,998,918 ▲ | $1.1323 ▲ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | 3 - Adequate | — | — | — | 17 ▲ | $1,446,430 ▼ | 114 ▲ | 44 ▼ | |||||
 Liquity LUSDLiquity Protocol | LUSD | $42,058,308 ▼ | $1.0024 ▲ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 535 ▼ | $23,438,821 ▼ | 6,000 ▲ | 11,761 ▲ | ||||||
 Tether EURtTether Holdings | EURT | $32,954,532 ▲ | $1.1198 ▲ | 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 | 267 ▼ | $30,054,469 ▲ | 2,091 ▼ | 1,947 ▲ | ||||||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $26,514,823 ▲ | $0.9140 ▲ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 879 ▲ | $65,550,854 ▼ | 12,469 ▲ | 19,840 ▲ | |||
 Angle EuroAngle | AGEUR | $22,704,025 ▲ | $1.1415 ▲ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 274 ▼ | $65,835,614 ▲ | 7,732 ▼ | 2,935 ▲ | |||||
 Gemini DollarGemini | GUSD | $16,782,963 △ | $1.0011 ▲ | 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 | 571 ▼ | $135,963,219 ▲ | 2,543 ▼ | 21,828 ▼ | ||||||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | | $15,689,935 ▲ | $0.7717 ▲ | Singapore Dollar | non-US Government Debt - Singaporean Treasury BillsBank Deposits - SGD | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | KK Yap & Associates | 128 ▼ | $0 ▼ | 0 ▼ | 3,635 △ | 2 Addresses | ||||
 Z.com USDGMO Trust | ZUSD | | $15,153,160 ▲ | $0.8010 ▲ | 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 | — | 457 ▲ | $74,183 ▲ | 720 ▲ | 655 ▲ | 3 Addresses | |||
 BiLira Turkish LiraBiLira | TRYB | $12,570,859 ▲ | $0.0260 ▼ | Turkish Lira | Bank Deposits - TRY |  Turkey | Non-Regulated | — | — | — | BiLira Teknoloji A.Ş. | Corpus Denetim ve Yeminili Mali Musavirlik AS | 52 ▲ | $958,325,954 ▲ | 612 ▼ | 896 ▲ | ||||
 Stasis EuroStasis | EURS |  | $11,073,491 ▼ | $1.1293 ▲ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 215 ▼ | $8,205,615 ▲ | 3,519 ▼ | 6,051 ▲ | 2 Addresses | |
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $7,983,491 ▲ | $0.2390 ▲ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 2 ▼ | $13 ▼ | 4 ▼ | 238 △ | |||||
 GMO JPYGMO Trust | GYEN | | $7,456,163 ▼ | $0.0051 ▼ | 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 | 421 ▲ | $3,212,475 ▲ | 1,154 ▲ | 11,051 ▼ | 3 Addresses | |||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,886,505 ▲ | $0 ▲ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 124 ▼ | $308,226 ▲ | 460 ▼ | 11,148 ▲ | 3 Addresses | |
| Fathom DollarFathom DAO | FXD | $3,085,945 ▼ | $0.9267 ▼ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 94 ▼ | $2,348,907 ▲ | 15,356 ▼ | 729 ▲ | |||
 Forte AUDForte Securities Australia Pty Limited | AUDF | | $2,677,532 ▲ | $0.6491 ▲ | Australian Dollar | Bank Deposits - AUD |  Australia | Australian Financial Services License ASIC - Australian Securities & Investments Commission | — | — | — | — | — | MVA Bennett | 40 △ | $258,470,842 ▼ | 3,797 ▲ | 96 ▲ | 3 Addresses | |
 Transfero: BRZTransfero | BRZ | $2,459,522 ▲ | $0.1757 ▲ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 22 ▼ | $395,818 ▲ | 72 ▼ | 273 ▲ | ||||
 Tether CNHtTether Holdings | CNHT | | $2,397,471 ▼ | $0.1169 ▼ | 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 △ | $34 △ | 4 △ | 57 ▲ | 2 Addresses | |||
 Tether MXNtTether Holdings | MXNT | $1,080,620 ▲ | $0.0540 ▲ | 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 △ | $14,335 △ | 2 △ | 4 △ | |||||
 Synthetix sEURSynthentix Protocol Governed by Synthetix DAO | sEUR | $732,521 ▲ | $0.7362 ▲ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 15 ▼ | $125,240 ▲ | 394 ▼ | 795 △ | ||
 Glo DollarBrale | USDGLO | $535,769 ▲ | $1.0009 ▲ | US Dollar | US Treasury DebtBank Deposits - USD | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Abdo Solutions | 21 ▼ | $69,467 ▼ | 33 ▼ | 149 △ | |||||
 Alloy USDTTether Holdings | aUSDT | $381,143 ▲ | $0.9999 ▼ | US Dollar | Commodities - XAUT | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Swiss Custodian (undisclosed) | BDO Italia | 12 ▲ | $544,563 ▼ | 16 ▼ | 33 △ | ||||
 EUROeMembrane Finance | EUROe | | $313,427 ▲ | $1.1262 ▲ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 37 ▼ | $2,384 ▼ | 12 ▼ | 1,597 ▲ | 2 Addresses | |||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $271,368 ▲ | $0.6664 ▲ | 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 | 26 ▼ | $75,218 ▼ | 297 ▼ | 558 ▲ | 2 Addresses | |
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $125,447 ▲ | $0 ▲ | Indonesian Rupiah | Bank Deposits - IDR | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | — | — | KK Yap & Associates | — | 1 ▼ | $3 ▼ | 1 ▼ | 195 △ | |||
 Open Money USDOpen Money DAO | omUSD | $112,792 ▲ | $0.9998 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | 27 ▲ | $3,087 ▼ | 26 ▼ | 67 ▼ | |||
VCHF | $75,212 ▲ | $1.2064 ▲ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 8 ▲ | $26,377 ▲ | 14 ▲ | 45 ▲ | ||||||
 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 | 1 ▼ | $4,050 ▼ | 16 ▼ | 146 △ | ||||
 Verified USDVerified USD | USDV | $44,527 ▲ | $0.3000 ▲ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 31 ▲ | $13,248 ▲ | 91 ▲ | 259 ▲ |
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