Asset Classes
Participants
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
$235.14B
▲+1.7%from 30d ago
Monthly Transfer Volume
$2.57T
▲+20.72%from 30d ago
Monthly Active Addresses
29.18M
▲+21.1%from 30d ago
Holders
164.88M
▲+3.09%from 30d ago
Stablecoin Metrics
Market Caps shows the scale and power law distribution between all stablecoin issuers.
Show % of Total
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Market Caps
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as of 05/30/2025
Top Entities
# | Issuer | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 19 | $150,579.8M | ▲2.58% | 64.04% ▲ |
2 |  Circle | 28 | $59,062.0M | ▼1.42% | 25.12% ▼ |
3 |  Sky | 4 | $7,474.1M | ▼0.35% | 3.18% ▼ |
4 |  Ethena | 2 | $5,380.1M | ▲13.07% | 2.29% ▲ |
5 |  Binance | 2 | $4,595.9M | ▼0.28% | 1.95% ▼ |
6 |  First Digital Labs | 3 | $1,619.5M | ▲10.38% | 0.69% ▲ |
7 |  Pallas Fund | 4 | $1,449.1M | ▲0.73% | 0.62% ▼ |
8 |  Paxos | 5 | $1,013.2M | ▼1.58% | 0.43% ▼ |
9 |  USDD Protocol | 1 | $749.0M | ▼0.26% | 0.32% ▼ |
10 | Usual | 1 | $631.9M | ▼3.13% | 0.27% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 05/30/2025
Stablecoins
55 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 | Protocol | 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 | Protocol | 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 |           | $150,565,487,201 ▲ | $1.0002 ▼ | 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 | 13,177,344 ▲ | $1,029,442,047,381 ▲ | 258,020,679 ▲ | 100,354,022 ▲ | 14 Addresses | |||||
 USDCCircle | USDC |        | $58,827,381,273 ▼ | $0.9998 ▼ | 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 | 5,864,184 ▲ | $962,996,535,131 ▲ | 291,867,955 ▲ | 23,960,417 ▲ | 23 Addresses | |||||
| USDSSky | USDS | | $7,474,142,991 ▼ | $1.0000 ▲ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 45,384 ▼ | $281,591,044,301 ▲ | 2,571,620 ▼ | 670,474 ▲ | 4 Addresses | ||||
 Ethena USDeEthena | USDe | | $5,380,121,315 ▲ | $1.0012 ▲ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | 5 - Weak | — | — | — | — | — | — | 15,161 ▼ | $12,537,187,148 ▲ | 135,150 ▼ | 32,899 ▲ | 2 Addresses | |
 Binance-Peg USDBinance | BSC-USD | $4,285,667,710 ▼ | $1.0002 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 9,886,190 ▲ | $259,075,405,482 ▲ | 228,983,114 ▲ | 32,662,347 ▲ | |||
 First Digital USDFirst Digital Labs | FDUSD | | $1,619,473,567 ▲ | $0.9987 ▲ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 8,030 ▼ | $2,662,399,183 ▼ | 285,728 ▼ | 57,103 ▲ | 3 Addresses | |||||
 USDtbPallas Fund | USDtb | | $1,449,138,938 ▲ | $1.0000 ▼ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 97 ▲ | $91,608,220 ▼ | 618 ▲ | 132 ▲ | 4 Addresses | ||
 Paypal USDPaxos | PYUSD | | $882,530,375 ▼ | $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 | 43,283 ▲ | $3,706,581,253 ▼ | 2,668,400 ▲ | 66,023 ▲ | 2 Addresses | |||||
 USDDUSDD Protocol | USDD | $748,960,599 ▼ | $1.0001 ▼ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 484 ▼ | $431,412,987 ▲ | 14,471 ▲ | 135,158 ▲ | |||||||
 Usual USDUsual | USD0 | $631,866,726 ▼ | $0.9978 ▲ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 3,234 ▼ | $715,317,383 ▼ | 26,355 ▼ | 13,278 ▼ | ||||||
 Global DollarPaxos Digital Singapore | USDG | | $330,880,714 ▲ | $0.9998 ▼ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 5,794 ▲ | $1,391,704,730 ▲ | 824,892 ▲ | 1,559 ▲ | 2 Addresses | ||
 FRAXFrax Finance | FRAX | | $320,277,263 ▼ | $0.9997 ▼ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 1,045 ▼ | $401,168,259 ▼ | 24,522 ▼ | 16,791 ▼ | 2 Addresses | ||||
 Binance-Peg BUSDBinance | BSC-BUSD | $310,279,170 ▼ | $0.9996 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 53,468 ▲ | $247,572,659 ▲ | 3,937,027 ▲ | 6,231,037 ▼ | |||
 Ripple USDStandard Custody & Trust Company | RLUSD |  | $281,522,263 ▼ | $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 | 2,805 ▼ | $1,291,240,603 ▼ | 272,464 ▼ | 31,808 ▲ | 2 Addresses | ||||
 Elixir deUSDElixir | deUSD | | $245,137,709 ▲ | $0.9998 ▲ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 2,245 ▼ | $767,384,767 ▲ | 27,698 ▼ | 4,982 ▲ | 3 Addresses | |||
 OpenEden OpenDollarOpenEden Digital | USDO | | $235,013,642 ▲ | $0.9998 ▼ | US Dollar | — |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | — | — | — | Harris And Trotter | — | 178 ▲ | $115,369,224 ▼ | 972 ▼ | 99 ▲ | 2 Addresses | |||
 GHOAave | GHO | $234,937,760 ▲ | $0.9988 ▼ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 2,778 ▼ | $1,613,902,541 ▼ | 32,238 ▼ | 4,922 ▲ | ||||||
 EURCCircle | EURC | | $234,662,257 ▼ | $1.1244 ▼ | 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 | 20,370 ▼ | $2,521,443,559 ▼ | 936,527 ▼ | 58,729 ▲ | 5 Addresses | ||||
 MM0 | M | $232,258,441 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | — | — | 22 ▲ | $164,423,790 ▼ | 318 ▲ | 48 ▲ | |||
 Anzen USDzAnzen | USDz |   | $122,428,595 ▲ | $0.9920 ▲ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 47 ▼ | $2,592,460 ▼ | 122 ▼ | 1,142 ▲ | 4 Addresses | |||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $120,658,071 ▲ | $0.9999 ▼ | US Dollar | Corporate Bonds+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 187 ▼ | $316,376,764 ▲ | 3,656 ▲ | 190 ▲ | ||||||
 AUSDAgora | AUSD |  | $80,856,470 ▼ | $0.9993 ▼ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 8,216 ▲ | $1,156,861,221 ▲ | 806,373 ▲ | 42,758 ▲ | 4 Addresses | |||
 Pax DollarPaxos | USDP | | $73,203,547 ▲ | $0.9997 ▼ | 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 | 30,756 ▲ | $155,104,186 ▼ | 126,103 ▲ | 271,896 ▲ | 2 Addresses | |||||
 Avant USDAvant Technology Foundation | avUSD | $62,230,377 ▲ | $0.9994 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 298 ▼ | $90,311,306 ▲ | 57,313 ▲ | 836 ▲ | |||
 Anchored Coins EURAnchored Coins | AEUR | | $58,252,027 ▼ | $1.0309 ▼ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 3 ▼ | $738 ▲ | 9 △ | 156 ▲ | 2 Addresses | |
 Binance USDPaxos | BUSD | $57,461,340 ▼ | $0.9943 ▼ | 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 | 1,249 ▲ | $2,740,060 ▼ | 3,692 ▲ | 150,396 ▼ | ||||||
 EUR CoinVertibleSociete Generale | EURCV | $46,756,267 ▼ | $1.1319 ▼ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | 3 - Adequate | — | — | — | 42 ▲ | $665,450 ▼ | 151 ▲ | 52 ▲ | ||||||
 Liquity LUSDLiquity Protocol | LUSD | $41,534,777 ▼ | $1.0026 ▲ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 625 ▲ | $29,205,919 ▼ | 3,251 ▼ | 11,860 ▲ | |||||||
 Mountain USDMountain Protocol | USDM | | $32,721,536 ▼ | $1.0021 ▲ | US Dollar | Public Equity - Treasury ETF+ 4 More | Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 3,721 ▲ | $85,351,269 ▲ | 55,720 ▲ | 12,260 ▲ | 7 Addresses | |||||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $28,599,836 ▲ | $0.9632 ▲ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 653 ▼ | $52,976,047 ▼ | 8,149 ▼ | 19,864 ▲ | ||||
 Angle EuroAngle | AGEUR | $22,114,371 ▲ | $1.1207 ▼ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 223 ▼ | $36,081,905 ▼ | 4,100 ▼ | 2,934 ▲ | ||||||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | | $15,685,769 ▲ | $0.7715 ▲ | 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 | | $14,965,396 ▲ | $0.7911 ▲ | 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 | — | 340 ▲ | $31,378 ▼ | 677 ▲ | 653 ▼ | 3 Addresses | ||||
 Gemini DollarGemini | GUSD | $12,349,558 ▼ | $0.9966 ▼ | 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 | 592 ▼ | $189,502,832 ▲ | 2,835 ▲ | 21,814 ▼ | |||||||
 Stasis EuroStasis | EURS |  | $10,889,203 ▼ | $1.1313 ▲ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 191 ▼ | $7,897,367 ▲ | 2,109 ▼ | 6,063 ▲ | 2 Addresses | ||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $10,657,987 ▲ | $0.3190 ▲ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 2 ▼ | $14 ▲ | 4 △ | 237 ▼ | ||||||
 Tether EURtTether Holdings | EURT | $10,577,061 ▼ | $1.1252 ▼ | 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 | 289 ▼ | $50,031,955 ▲ | 1,810 ▼ | 1,960 ▲ | |||||||
 GMO JPYGMO Trust | GYEN | | $9,984,019 ▼ | $0.0069 ▼ | 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 | 145 ▼ | $1,356,653 ▼ | 686 ▼ | 11,185 ▲ | 3 Addresses | ||||
 BiLira Turkish LiraBiLira | TRYB | $4,384,892 △ | $0.0256 ▼ | Turkish Lira | Bank Deposits - TRY |  Turkey | Non-Regulated | — | — | — | BiLira Teknoloji A.Ş. | Corpus Denetim ve Yeminili Mali Musavirlik AS | 39 ▼ | $1,256,859,617 ▲ | 834 ▲ | 898 ▲ | |||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,898,044 ▲ | $0 ▲ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 121 ▼ | $712,892 ▲ | 427 ▼ | 11,256 ▲ | 3 Addresses | ||
| Fathom DollarFathom DAO | FXD | $3,159,056 ▼ | $0.9979 ▼ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 88 ▼ | $1,680,760 ▼ | 8,732 ▼ | 730 ▲ | ||||
 Forte AUDForte Securities Australia Pty Limited | AUDF | | $2,585,882 ▼ | $0.6269 ▼ | Australian Dollar | Bank Deposits - AUD |  Australia | Australian Financial Services License ASIC - Australian Securities & Investments Commission | — | — | — | — | — | MVA Bennett | 38 ▼ | $236,486,060 ▼ | 2,080 ▼ | 97 ▲ | 3 Addresses | ||
 Transfero: BRZTransfero | BRZ | $2,452,083 ▼ | $0.1751 ▼ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 17 ▼ | $162,357 ▼ | 89 ▲ | 272 △ | |||||
 Tether CNHtTether Holdings | CNHT | | $2,441,143 ▼ | $0.1191 ▼ | 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 | 3 ▼ | $10 ▼ | 2 ▼ | 56 ▼ | 2 Addresses | ||||
 Tether MXNtTether Holdings | MXNT | $918,000 ▼ | $0.0459 ▼ | 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 | $735,305 ▼ | $0.7390 ▼ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 19 ▲ | $143,920 ▲ | 288 ▼ | 794 ▼ | |||
 Glo DollarBrale | USDGLO | $535,368 ▼ | $1.0001 ▲ | US Dollar | US Treasury DebtBank Deposits - USD | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Abdo Solutions | 13 ▼ | $68,323 ▼ | 32 ▼ | 150 ▲ | ||||||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $434,784 ▲ | $0.6420 ▲ | 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 | 33 ▲ | $190,092 ▲ | 237 ▼ | 567 ▲ | 2 Addresses | ||
 Alloy USDTTether Holdings | aUSDT | $381,108 ▼ | $0.9998 ▼ | US Dollar | Commodities - XAUT | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Swiss Custodian (undisclosed) | BDO Italia | 6 ▼ | $351,608 ▼ | 7 ▼ | 34 ▲ | |||||
 EUROeMembrane Finance | EUROe | | $314,663 ▼ | $1.1306 ▼ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 36 ▲ | $1,189 ▼ | 12 ▼ | 1,596 ▲ | 2 Addresses | ||||
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $122,855 ▲ | $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 | $112,798 ▲ | $0.9999 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | 3 ▼ | $24 ▼ | 5 ▼ | 66 ▼ | ||||
VCHF | $102,569 ▲ | $1.2023 ▼ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 12 ▲ | $213,324 ▲ | 24 ▲ | 45 △ | |||||||
 Verified USDVerified USD | USDV | $61,395 ▼ | $0.4165 ▼ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 11 ▼ | $9,427 ▼ | 14 ▼ | 256 ▼ | ||||||
 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 ▼ | $0 ▼ | 0 ▼ | 146 △ |
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