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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
$227.09B
▲+0.1%from 30d ago
Monthly Transfer Volume
$2.06T
▼4.86%from 30d ago
Monthly Active Addresses
24.71M
▼7.32%from 30d ago
Holders
158.71M
▲+2.87%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 04/22/2025
Top Entities
# | Issuer | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 18 | $143,733.35M | ▲0.72% | 63.29% ▲ |
2 |  Circle | 27 | $59,380.20M | ▲1.89% | 26.15% ▲ |
3 |  Sky | 4 | $7,069.30M | ▼9.73% | 3.11% ▼ |
4 |  Ethena | 2 | $4,831.63M | ▼10.41% | 2.13% ▼ |
5 |  Binance | 2 | $4,607.97M | ▲0.01% | 2.03% ▼ |
6 |  First Digital Labs | 3 | $1,542.99M | ▼33.19% | 0.68% ▼ |
7 |  Pallas Fund | 4 | $1,437.35M | ▲21.60% | 0.63% ▲ |
8 |  Paxos | 5 | $1,006.51M | ▲1.64% | 0.44% ▲ |
9 |  USDD Protocol | 1 | $739.27M | ▼0.33% | 0.33% ▼ |
10 | Usual | 1 | $681.22M | ▼28.16% | 0.30% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 04/22/2025
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 |          | $143,695,835,776 ▲ | $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 | 12,560,189 ▲ | $849,524,867,988 ▼ | 185,748,273 ▲ | 96,517,126 ▲ | 13 Addresses | ||||
 USDCCircle | USDC |        | $59,118,011,270 ▲ | $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 | 4,880,236 ▼ | $853,584,874,098 ▼ | 206,160,922 ▼ | 22,805,164 ▲ | 22 Addresses | ||||
| USDSSky | USDS | | $7,069,299,074 ▼ | $1.0002 ▲ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 55,841 ▼ | $248,063,120,138 ▲ | 3,314,755 ▼ | 665,632 ▲ | 4 Addresses | |||
 Ethena USDeEthena | USDe | | $4,831,627,193 ▼ | $0.9993 ▲ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | — | — | — | — | 17,374 ▼ | $13,956,710,270 ▲ | 273,558 ▲ | 31,789 ▲ | 2 Addresses |
 Binance-Peg USDBinance | BSC-USD | $4,287,132,316 ▲ | $1.0005 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 7,022,808 ▼ | $66,096,239,436 ▼ | 58,129,055 ▼ | 31,542,687 ▲ | ||
 First Digital USDFirst Digital Labs | FDUSD | | $1,542,994,572 ▼ | $0.9987 ▼ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 12,465 ▲ | $11,681,918,931 ▲ | 746,112 ▲ | 54,777 ▲ | 3 Addresses | ||||
 USDtbPallas Fund | USDtb | | $1,437,347,177 ▲ | $1.0003 ▲ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 45 ▼ | $318,033,525 ▲ | 263 ▲ | 86 ▲ | 4 Addresses | |
 Paypal USDPaxos | PYUSD | | $872,459,518 ▲ | $0.9999 ▼ | 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 | 42,627 ▲ | $4,675,928,572 ▲ | 1,284,149 ▲ | 60,750 ▲ | 2 Addresses | ||||
 USDDUSDD Protocol | USDD | $739,271,404 ▼ | $1.0003 ▼ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 668 ▼ | $283,478,448 ▼ | 12,318 ▼ | 135,093 ▲ | ||||||
 Usual USDUsual | USD0 | $681,221,096 ▼ | $0.9977 ▼ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 4,615 ▲ | $2,240,929,886 ▲ | 50,038 ▼ | 13,815 ▼ | |||||
 FRAXFrax Finance | FRAX | | $325,228,614 ▼ | $0.9998 ▲ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 1,284 ▲ | $527,820,904 ▼ | 34,990 ▼ | 16,795 ▲ | 2 Addresses | |||
 Binance-Peg BUSDBinance | BSC-BUSD | $320,842,415 ▼ | $0.9982 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 39,327 ▼ | $208,876,330 ▼ | 1,994,095 ▼ | 6,231,711 ▲ | ||
 Ripple USDStandard Custody & Trust Company | RLUSD |  | $293,694,097 ▲ | $1.0000 ▼ | US Dollar | — | United States of America | New York State, U.S. Virtual Currency Business NYDFS - New York State Department of Financial Services | — | — | — | BPM LLP | 2,547 ▼ | $917,739,728 ▲ | 203,296 ▼ | 31,130 ▲ | 2 Addresses | |||
 EURCCircle | EURC | | $262,190,589 ▲ | $1.1396 ▲ | 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 | 26,461 ▲ | $2,567,063,986 ▲ | 1,543,992 ▲ | 52,464 ▲ | 5 Addresses | |||
 Global DollarPaxos Digital Singapore | USDG | | $242,933,162 ▲ | $0.9999 ▲ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 1,860 ▲ | $573,374,892 ▲ | 187,504 ▲ | 578 ▲ | 2 Addresses | |
 GHOAave | GHO | $219,601,678 ▲ | $1.0000 ▲ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 5,688 ▲ | $1,667,027,590 ▲ | 51,950 ▲ | 4,455 ▲ | |||||
 Elixir deUSDElixir | deUSD | | $203,684,443 ▼ | $0.9994 ▼ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 5,762 ▼ | $713,884,370 ▼ | 39,117 ▼ | 4,818 ▼ | 3 Addresses | ||
 MM0 | M | $180,727,085 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | — | — | 15 ▼ | $144,323,802 ▼ | 199 ▼ | 41 ▲ | ||
 Anzen USDzAnzen | USDz |   | $120,918,544 ▼ | $0.9522 ▼ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 89 ▲ | $11,772,264 ▼ | 346 ▲ | 1,111 ▲ | 4 Addresses | ||
 AUSDAgora | AUSD |  | $81,667,498 ▲ | $0.9993 ▼ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 7,366 ▼ | $953,054,460 ▲ | 379,720 ▲ | 38,636 ▲ | 4 Addresses | ||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $76,610,601 ▲ | $0.9999 ▼ | US Dollar | Money Market - Fund+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 242 ▲ | $320,725,519 ▼ | 1,074 ▲ | 164 ▲ | |||||
 Pax DollarPaxos | USDP | | $76,271,724 ▼ | $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 | 17,647 ▼ | $158,426,173 ▲ | 94,736 ▼ | 243,589 ▲ | 2 Addresses | ||||
 Anchored Coins EURAnchored Coins | AEUR | | $59,036,139 ▲ | $1.0448 ▲ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 6 △ | $3,212 ▼ | 8 ▲ | 154 ▲ | 2 Addresses |
 Binance USDPaxos | BUSD | $57,775,111 ▼ | $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 | — | — | BMO Harris Bank N.A.+ 4 More | WithumSmith+Brown | 1,234 ▲ | $6,583,125 ▼ | 4,227 ▲ | 150,525 ▼ | |||||
 Mountain USDMountain Protocol | USDM | | $49,231,674 ▼ | $0.9989 ▼ | US Dollar | Public Equity - Treasury ETF+ 4 More |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 2,332 ▼ | $63,471,852 ▼ | 48,758 ▲ | 9,380 ▲ | 7 Addresses | ||||
 EUR CoinVertibleSociete Generale | EURCV | $47,324,823 ▲ | $1.1402 ▲ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | — | — | — | — | 16 ▲ | $1,934,836 ▲ | 105 ▲ | 43 ▼ | |||||
 Liquity LUSDLiquity Protocol | LUSD | $44,018,783 ▼ | $1.0025 ▲ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 618 ▼ | $48,338,988 ▼ | 6,746 ▲ | 11,759 ▲ | ||||||
 Tether EURtTether Holdings | EURT | $33,291,614 ▲ | $1.1312 ▲ | 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 | 320 ▲ | $8,224,977 ▲ | 2,279 ▲ | 1,915 ▲ | ||||||
 Angle EuroAngle | AGEUR | $20,999,034 ▲ | $1.1389 ▲ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 279 ▲ | $71,626,140 ▲ | 9,365 ▲ | 2,926 ▼ | |||||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $20,895,614 ▼ | $0.8056 ▼ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 831 ▲ | $78,026,097 ▼ | 14,082 ▲ | 19,798 ▼ | |||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | | $15,498,900 ▲ | $0.7623 ▲ | Singapore Dollar | non-US Government Debt - Singaporean Treasury BillsBank Deposits - SGD | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | KK Yap & Associates | 394 ▼ | $50,529,839 ▼ | 12,279 ▼ | 3,635 ▲ | 2 Addresses | ||||
 Z.com USDGMO Trust | ZUSD | | $14,847,749 ▲ | $0.7849 ▲ | 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 | — | 60 ▲ | $2,996 ▲ | 130 ▲ | 648 ▼ | 3 Addresses | |||
 Stasis EuroStasis | EURS |  | $12,079,042 ▲ | $1.1178 ▲ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 217 ▲ | $4,720,125 ▼ | 5,343 ▼ | 6,035 ▲ | 2 Addresses | |
 GMO JPYGMO Trust | GYEN | | $9,413,375 ▼ | $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 | 432 ▲ | $1,993,740 ▲ | 1,077 ▲ | 11,024 ▼ | 3 Addresses | |||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $6,358,302 ▼ | $0.1903 ▼ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 3 ▲ | $25 ▲ | 6 ▲ | 238 △ | |||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,763,115 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 142 ▼ | $388,068 ▼ | 583 ▼ | 11,061 ▲ | 3 Addresses | |
| Fathom DollarFathom DAO | FXD | $3,270,228 ▲ | $1.0003 ▼ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 98 ▼ | $2,230,822 ▼ | 24,708 ▼ | 725 ▲ | |||
 Tether CNHtTether Holdings | CNHT | | $2,799,099 ▼ | $0.1365 ▼ | 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 | |||
 Forte AUDForte Securities Australia Pty Limited | AUDF | | $2,629,883 ▲ | $0.6375 ▲ | Australian Dollar | Bank Deposits - AUD |  Australia | Australian Financial Services License ASIC - Australian Securities & Investments Commission | — | — | — | — | — | MVA Bennett | 46 ▲ | $294,041,635 ▲ | 3,983 ▲ | 91 ▲ | 3 Addresses | |
 BiLira Turkish LiraBiLira | TRYB | $2,622,852 ▲ | $0.0248 ▲ | Turkish Lira | Bank Deposits - TRY |  Turkey | Non-Regulated | — | — | — | BiLira Teknoloji A.Ş. | Corpus Denetim ve Yeminili Mali Musavirlik AS | 45 ▼ | $651,152,355 ▼ | 595 ▼ | 896 △ | ||||
 Transfero: BRZTransfero | BRZ | $2,387,374 ▼ | $0.1705 ▼ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 25 ▼ | $130,529 ▼ | 77 ▼ | 271 ▲ | ||||
 Tether MXNtTether Holdings | MXNT | $1,110,291 ▲ | $0.0555 ▲ | 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 △ | |||||
 Gemini DollarGemini | GUSD | $1,059,377 ▼ | $0.9999 ▲ | 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 | 577 ▼ | $91,170,281 ▼ | 2,625 ▼ | 21,841 ▼ | ||||||
 Synthetix sEURSynthentix Protocol Governed by Synthetix DAO | sEUR | $786,638 ▲ | $0.7906 ▲ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 17 ▼ | $111,320 ▼ | 456 ▼ | 795 △ | ||
 Glo DollarBrale | USDGLO | $535,335 ▼ | $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 | 25 ▲ | $128,144 ▲ | 56 ▼ | 149 ▲ | |||||
 EUROeMembrane Finance | EUROe | | $317,325 ▲ | $1.1386 ▲ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 131 ▼ | $215,739 ▼ | 4,948 ▼ | 1,595 ▲ | 2 Addresses | |||
 Alloy USDTTether Holdings | aUSDT | $316,623 ▼ | $0.9998 ▲ | US Dollar | Commodities - XAUT | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Swiss Custodian (undisclosed) | BDO Italia | 8 ▼ | $7,038,972 ▲ | 21 ▼ | 33 △ | ||||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $255,377 ▲ | $0.6271 ▲ | 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 | 30 ▲ | $119,128 ▼ | 398 ▼ | 556 ▲ | 2 Addresses | |
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $115,404 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | — | — | KK Yap & Associates | — | 5 ▲ | $591 ▲ | 7 ▲ | 195 ▼ | |||
 Open Money USDOpen Money DAO | omUSD | $112,771 ▼ | $0.9996 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | 28 ▼ | $840,085 ▲ | 50 ▼ | 67 ▼ | |||
 Verified USDVerified USD | USDV | $89,683 ▲ | $0.6026 ▲ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 25 ▲ | $5,869 ▲ | 58 ▲ | 258 ▲ | |||||
VCHF | $76,261 ▲ | $1.2232 ▲ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 8 ▲ | $8,794 ▲ | 16 ▲ | 44 ▲ | ||||||
 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 ▲ | $12,068 ▼ | 55 ▲ | 146 ▲ |
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