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

$277.26B

+6.70%from 30d ago

Monthly Transfer Volume

$3.45T

+3.05%from 30d ago

Monthly Active Addresses

31.05M

22.93%from 30d ago

Holders

190.92M

+1.36%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 09/07/2025

Top Entities

#
Issuer
RWA Count
Market Cap
30D%
Market Share
1
Tether Holdings LogoTether Holdings
5
$168,702.0M
3.83%
60.85%
2
Circle International LogoCircle International
1
$70,254.8M
11.43%
25.34%
3
Ethena LogoEthena
1
$12,685.5M
28.15%
4.58%
4
Sky LogoSky
1
$9,391.7M
2.59%
3.39%
5
Binance LogoBinance
2
$4,596.9M
0.09%
1.66%
6
BitGo LogoBitGo
1
$2,351.0M
11.98%
0.85%
7
Pallas Fund LogoPallas Fund
1
$1,600.9M
9.67%
0.58%
8
Paxos LogoPaxos
3
$1,311.1M
12.17%
0.47%
9
FD121 (BVI) Limited LogoFD121 (BVI) Limited
1
$1,228.4M
5.08%
0.44%
10
USDD Protocol LogoUSDD Protocol
1
$744.9M
0.15%
0.27%

Stablecoin Payment Corridors

View cross-border stablecoin payment corridors between different countries.

Get Access to Payment Corridor Metrics

as of 09/07/2025

Stablecoins

63 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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Trailing 30D Active Addresses
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Monthly Transfer Volume
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Monthly Transfer Count
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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
$168,685,873,221
$1.0004

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
16,331,824
$1,377,222,564,607
308,637,877
113,501,277
15 Addresses
USDC IconUSDCCircle International
USDC
ZKsync Era LogoXRP Ledger LogoTRON LogoStellar LogoSolana LogoPolygon LogoPlume LogoOptimism LogoNoble LogoNEAR LogoMANTRA LogoEthereum LogoCelo LogoBase LogoBNB Chain LogoAvalanche LogoArbitrum LogoAptos Logo
$70,254,808,946
$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
7,987,666
$1,728,554,655,616
351,693,119
31,137,474
25 Addresses
USDe
Solana LogoEthereum Logo
$12,685,451,782
$1.0011

US Dollar

Derivatives - Short ETH PerpsCryptocurrencies - ETH

N/A

Non-Regulated

5 - Weak
19,426
$49,747,393,422
270,584
40,281
2 Addresses
USDS IconUSDSSky
USDS
Solana LogoPolygon LogoNEAR LogoEthereum Logo
$9,391,743,443
$1.0004

US Dollar

Structured Credit+ 4 More

N/A

Non-Regulated

4 - Constrained
608,740
$114,923,098,788
36,102,604
2,838,070
5 Addresses
BSC-USD
$4,286,183,283
$1.0003

US Dollar

5,580,431
$135,529,843,448
113,045,965
35,801,557
USD1 IconUSD1BitGo
USD1
TRON LogoEthereum LogoBNB Chain Logo
$2,351,009,084
$0.9998

US Dollar

All reserve assets are held or maintained by BitGo Trust Company+ 6 More
Crowe LLP
248,341
$12,163,228,826
6,533,846
346,026
3 Addresses
USDtb IconUSDtbPallas Fund
USDtb
Solana LogoEthereum LogoBase LogoArbitrum Logo
$1,600,887,411
$1.0001

US Dollar

US Treasury Debt - BUIDL
British Virgin Islands Flag

British Virgin Islands

456
$1,807,851,686
6,217
401
4 Addresses
First Digital USD IconFirst Digital USDFD121 (BVI) Limited
FDUSD
Solana LogoEthereum LogoBNB Chain Logo
$1,228,360,737
$0.9988

US Dollar

Money Market - RRP+ 2 More
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

4 - Constrained
First Digital Trust
Prescient Assurance LLC.
6,643
$2,292,338,689
87,918
63,798
3 Addresses
PYUSD
Solana LogoEthereum Logo
$1,188,165,714
$1.0000

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
122,365
$5,478,978,359
2,508,677
95,123
2 Addresses
USDD IconUSDDUSDD Protocol
USDD
$744,935,777
$1.0000

US Dollar

CryptocurrenciesStablecoins

Non-Regulated

Huobi Exchange
214
$6,162,869
3,426
135,169
Ripple USD IconRipple USDStandard Custody & Trust Company
RLUSD
XRP Ledger LogoEthereum Logo
$709,692,537
$0.9996

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
4,217
$3,331,353,189
351,864
35,832
2 Addresses
USD0
$573,458,704
$0.9986

US Dollar

Money Market - USYC
France Flag

France

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

2,043
$349,607,686
15,250
11,594
Global Dollar IconGlobal DollarPaxos Digital Singapore
USDG
Solana LogoEthereum Logo
$559,033,582
$0.9997

US Dollar

US Treasury Debt+ 2 More
Singapore Flag

Singapore

10,876
$4,306,953,193
1,638,416
4,007
2 Addresses
GHO IconGHOAave
GHO
$339,553,411
$0.9995

US Dollar

US Treasury Debt - TokenizedCryptocurrencies

N/A

Non-Regulated

BNY Mellon Pershing
3,765
$3,282,011,886
45,106
6,574
M IconMM0
M
Plume LogoEthereum Logo
$337,701,763
$1.0000

US Dollar

N/A

33
$570,404,307
447
63
2 Addresses
BSC-BUSD
$310,695,295
$1.0009

US Dollar

26,710
$57,245,602
1,133,294
6,175,433
FRAX IconFRAXFrax Finance
FRAX
NEAR LogoEthereum Logo
$301,782,706
$0.9982

US Dollar

Money Market - Fund+ 4 More

N/A

Non-Regulated

5 - Weak
Lead Bank
764
$306,057,673
25,421
17,040
2 Addresses
EURC IconEURCCircle
EURC
Stellar LogoSolana LogoEthereum LogoBase LogoAvalanche Logo
$280,509,937
$1.1653

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
25,308
$1,793,183,754
1,010,725
50,923
5 Addresses
OpenEden OpenDollar IconOpenEden OpenDollarOpenEden Digital
USDO
Ethereum LogoBase Logo
$276,286,592
$0.9983

US Dollar

Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

Agio iconAgio
281
$51,726,387
1,328
183
2 Addresses
deUSD
Plume LogoEthereum LogoAvalanche Logo
$205,188,562
$1.0001

US Dollar

Stablecoins - sDAI+ 3 More
British Virgin Islands Flag

British Virgin Islands

Ceffu Copper Clearloop
2,241
$245,949,345
24,021
6,845
4 Addresses
AUSD IconAUSDAgora
AUSD
Solana LogoPolygon LogoMantle LogoEthereum LogoAvalanche Logo
$138,841,650
$0.9993

US Dollar

Bank Deposits - USD+ 2 More
British Virgin Islands Flag

British Virgin Islands

State Street
6,305
$929,137,328
465,180
47,202
5 Addresses
USDz
Manta Pacific LogoEthereum LogoBlast LogoBase Logo
$119,385,265
$0.9876

US Dollar

Private Credit - sPCT
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

39
$1,331,866
174
1,189
4 Addresses
Avant USD IconAvant USDAvant Technology Foundation
avUSD
$96,507,338
$0.9984

US Dollar

479
$94,761,962
34,541
870
USDP
Solana LogoEthereum Logo
$67,969,131
$1.0002

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
3,374
$157,902,205
57,395
273,383
2 Addresses
BUSD
$54,962,181
$0.9988

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
1,041
$5,738,053
3,851
125,273
Anchored Coins EUR IconAnchored Coins EURAnchored Coins
AEUR
Ethereum LogoBNB Chain Logo
$53,007,703
$1.1177

Euro

Switzerland Flag

Switzerland

9
$264,546
28
161
2 Addresses
Quantoz USDQ IconQuantoz USDQQuantoz Payments
USDQ
$50,989,707
$0.9998

US Dollar

Netherlands Flag

Netherlands

105
$1,337,347
2,283
195
EUR CoinVertible IconEUR CoinVertibleSociete Generale
EURCV
$50,826,556
$1.1659

Euro

Bank Deposits - EUR
France Flag

France

France Digital Asset Service Provider (DASP) under PACTE Law

AMF - French Autorité des Marchés Financiers

3 - Adequate
36
$39,822,301
173
57
Synthetix sUSD IconSynthetix sUSDSynthentix Protocol Governed by Synthetix DAO
sUSD
$40,096,990
$0.9836

US Dollar

Cryptocurrencies - SNX

N/A

Non-Regulated

769
$45,769,076
7,814
19,908
Liquity LUSD IconLiquity LUSDLiquity Protocol
LUSD
$38,195,819
$1.0020

US Dollar

Cryptocurrencies - ETH

N/A

Non-Regulated

466
$21,454,678
3,259
12,129
lvlUSD
$36,178,080
$0.9999

US Dollar

United States of America Flag

United States of America

787
$106,113,029
5,392
1,343
Plume USD IconPlume USDNucleus
pUSD
$32,602,097
$0.9954

US Dollar

43,480
$841,514,017
2,800,310
82,602
AGEUR
$20,297,003
$1.1627

Euro

Corporate Bonds+ 2 More

N/A

Non-Regulated

WithumSmith+Brown
187
$16,266,360
4,471
2,955
Quantoz EURQ IconQuantoz EURQQuantoz Payments
EURQ
$17,492,559
$1.1662

Euro

Netherlands Flag

Netherlands

106
$2,964,121
603
186
Mountain USD IconMountain USDMountain Protocol
USDM
ZKsync Era LogoPolygon LogoOptimism LogoEthereum LogoBase LogoAvalanche LogoArbitrum Logo
$17,338,807
$0.9987

US Dollar

Public Equity - Treasury ETF+ 4 More
Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

3 - Adequate
Nephos Group
278
$8,391,194
1,076
9,350
7 Addresses
XSGD
Ethereum LogoAvalanche Logo
$15,782,038
$0.7762

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
$14,578,421
$0.9990

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
714
$76,436,354
2,908
21,565
TRYB
$11,771,811
$0.0243

Turkish Lira

Bank Deposits - TRY
Turkey Flag

Turkey

Non-Regulated

BiLira Teknoloji A.Ş.
Corpus Denetim ve Yeminili Mali Musavirlik AS
34
$526,511,649
758
891
Bean IconBeanBeanstalk Protocol Governed by Beanstalk DAO
BEAN
$10,784,834
$0.3228

US Dollar

Cryptocurrencies - "Pods" Beanstalk Debt

Non-Regulated

5
$87
9
237
EURS
XDC LogoEthereum Logo
$10,756,936
$1.1679

Euro

Bank Deposits - EUR
Malta Flag

Malta

Malta Virtual Financial Assets (VFA) Framework

MFSA - Malta Financial Services Authority

EXT LTD+ 2 More
BDO Malta
212
$7,779,457
1,502
6,081
2 Addresses
Tether EURt IconTether EURtTether Holdings
EURT
$10,556,072
$1.1547

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
316
$3,938,614
1,762
2,153
BBRL IconBBRLBraza Bank
BBRL
$6,021,828
$0.1838

Brazilian Real

Brazil Flag

Brazil

Brazilian Virtual Assets Law

BCB - Banco Central do Braasil

15
$467,149,932
2,431
17
GMO JPY IconGMO JPYGMO Trust
GYEN
Stellar LogoSolana LogoEthereum Logo
$5,680,472
$0.0052

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
180
$915,277
805
11,582
3 Addresses
EURØP IconEURØPSchuman Financial
EURØP
XRP Ledger LogoPolygon LogoEthereum LogoAvalanche Logo
$4,746,266
$1.1655

Euro

Switzerland Flag

Switzerland

KPMG
52
$25,066,318
3,961
96
4 Addresses
RupiahToken IconRupiahTokenPT Rupiah Token Indonesia
IDRT
Polygon LogoEthereum LogoBNB Chain Logo
$3,610,952
$0

Indonesian Rupiah

Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
259
$161,297
593
11,323
3 Addresses
Tether MXNt IconTether MXNtTether Holdings
MXNT
$2,956,000
$0.1478

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
AUDD
Stellar LogoEthereum Logo
$2,953,605
$0.6508

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
41
$480,994
269
621
2 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
28
$162,513,688
829
101
3 Addresses
BRZ
$2,552,085
$0.1823

Brazilian Real

Bank Deposits - BRL+ 3 More
Switzerland Flag

Switzerland

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
11
$900,203
45
285
BRLA
$2,061,935
$0.1835

Brazilian Real

Brazil Flag

Brazil

Brazilian Virtual Assets Law

BCB - Banco Central do Braasil

8,305
$31,144,125
86,909
14,656
Tether CNHt IconTether CNHtTether Holdings
CNHT
TRON LogoEthereum Logo
$2,050,347
$0.1000

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
$1,532,503
$0.6905

US Dollar

Cryptocurrencies - XDC

N/A

Non-Regulated

13
$0
0
748
Z.com USD IconZ.com USDGMO Trust
ZUSD
Stellar LogoSolana LogoEthereum Logo
$919,873
$0.7953

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
16
$250
30
660
3 Addresses
MXNB - Mexican Peso Stablecoin IconMXNB - Mexican Peso StablecoinJuno (a Bitso company)
MXNB
Ethereum LogoAvalanche LogoArbitrum Logo
$810,261
$0.0535

Mexican Peso

Mexico Flag

Mexico

BDO
135
$2,873,061
11,579
259
3 Addresses
Synthetix sEUR IconSynthetix sEURSynthentix Protocol Governed by Synthetix DAO
sEUR
$680,484
$0.6839

Euro

Cryptocurrencies - SNX

N/A

Non-Regulated

22
$38,389
130
800
USDGLO
$534,813
$1.0003

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
8
$11,313
10
156
Alloy USDT IconAlloy USDTTether Holdings
aUSDT
$522,754
$0.9972

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
6
$235,822
13
36
VCHF
$451,054
$1.2455

Swiss Franc

Commodities - Gold
Liechtenstein Flag

Liechtenstein

Liechtenstein Blockchain Act

FMA - Liechtenstein Financial Market Authority

Philoro Edelmetallhandel AG
AREVA AG
22
$118,327
54
49
EUROe IconEUROeMembrane Finance
EUROe
Solana LogoEthereum Logo
$262,912
$1.1669

Euro

Bank Deposits - EUR
Finland Flag

Finland

Finland Electronic Money Institution (EMI)

FSA - Finish Financial Supervisory Authority

Bank Frick
KPMG
29
$9,799
9
1,596
2 Addresses
XIDR
$130,184
$0

Indonesian Rupiah

Bank Deposits - IDR
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
1
$0
0
196
Open Money USD IconOpen Money USDOpen Money DAO
omUSD
$112,724
$0.9992

US Dollar

4
$0
0
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
$42
3
146
Verified USD IconVerified USDVerified USD
USDV
$15,270
$0.1003

US Dollar

British Virgin Islands Flag

British Virgin Islands

Singapore Securities and Futures Act Section 275 Exemption

MAS - Monetary Authority of Singapore

6
$1,630
12
258