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

$159.48B

0.65%from 30d ago

% of M2 Money Supply

0.76%

0.65%from 30d ago

Monthly Transfer Volume

$950.09B

65.44%from 30d ago

Monthly Active Addresses

17.52M

9.85%from 30d ago

Holders

105.24M

+3.66%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 by Network

as of 07/15/2024

Top Entities

Rank
Issuer
Market Cap
30D%
1
Tether Logo

Tether

$111,938.72M
0.54%
2
Circle Logo

Circle

$30,060.30M
0.95%
3
MakerDAO Logo

MakerDAO

$5,031.57M
0.86%
4
Binance Logo

Binance

$4,407.76M
0.26%
5
Ethena Logo

Ethena

$3,405.33M
3.13%
6
First Digital Labs Logo

First Digital Labs

$1,971.12M
23.78%
7
USDD Protocol Logo

USDD Protocol

$731.47M
1.18%
8
Frax Finance Logo

Frax Finance

$647.52M
0.07%
9
Paxos Logo

Paxos

$569.90M
8.42%
10
Usual Logo

Usual

$133.78M
169.96%

Stablecoin Payment Corridors

View cross-border stablecoin payment corridors between different countries.

Get Access to Payment Corridor Metrics

as of 07/15/2024

Stablecoins

42 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
Incorporation Country
License or Regulatory Framework
S&P Stability Assessment
Rating
by Bluechip
Account Segregation
Bankruptcy Remote
Custodians
Login to Unlock
Auditor
Login to Unlock
Transparency
Monthly Active Addresses
Monthly Transfer Volume
Monthly Transfer Count
Holders
Contract Address
$USDT
TRON LogoSolana LogoNEAR LogoEthereum LogoAvalanche Logo
$111,874,656,283
$0.9981

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
10,587,973
$604,304,568,874
83,235,966
65,350,952
5 Addresses
USDC IconUSDCCircle
$USDC
TRON LogoStellar LogoSolana LogoPolygon LogoOptimism LogoNoble LogoNEAR LogoEthereum LogoBinance Smart Chain LogoBase LogoAvalanche LogoArbitrum Logo
$30,033,191,250
$0.9977

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
2,536,574
$275,817,798,519
93,693,227
11,918,904
12 Addresses
DAI IconDAIMakerDAO
$DAI
Ethereum Logo

Ethereum

$5,031,573,393
$0.9965

US Dollar

Structured Credit+ 4 More

Non-Regulated

4 - Constrained
27,099
$15,123,616,303
190,314
625,956
$BSC-USD
Binance Smart Chain Logo

Binance Smart Chain

$3,984,388,750
$0.9967

US Dollar

4,252,954
$41,150,054,329
58,432,338
20,859,587
$USDe
Ethereum Logo

Ethereum

$3,405,325,406
$0.9957

US Dollar

Derivatives - Short ETH PerpsCryptocurrencies - ETH

Non-Regulated

9,329
$4,792,774,294
49,780
18,452
First Digital USD IconFirst Digital USDFirst Digital Labs
$FDUSD
Ethereum LogoBinance Smart Chain Logo
$1,971,122,442
$0.9968

US Dollar

Money Market - RRP+ 2 More
Hong Kong Flag

Hong Kong

Non-Regulated

4 - Constrained
First Digital Trust
Prescient Assurance LLC.
7,918
$4,686,837,625
46,984
44,009
2 Addresses
USDD IconUSDDUSDD Protocol
$USDD
TRON Logo

TRON

$731,473,923
$0.9957

US Dollar

CryptocurrenciesStablecoins

Non-Regulated

Huobi Exchange
1,821
$92,542,871
12,816
133,303
FRAX IconFRAXFrax Finance
$FRAX
Ethereum Logo

Ethereum

$647,524,238
$0.9931

US Dollar

Money Market - Fund+ 4 More

Non-Regulated

5 - Weak
Lead Bank
1,089
$738,200,198
20,208
12,665
$BSC-BUSD
Binance Smart Chain Logo

Binance Smart Chain

$423,367,495
$0.9990

US Dollar

78,962
$641,374,906
3,347,141
5,886,535
$PYUSD
Ethereum Logo

Ethereum

$382,089,367
$0.9972

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
7,006
$1,093,658,261
31,563
11,680
$USD0
Ethereum Logo

Ethereum

$133,781,470
$0.9985

US Dollar

Money Market - USYC
France Flag

France

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

3,352
$444,175,694
36,897
8,742
$USDP
Ethereum Logo

Ethereum

$117,495,519
$0.9973

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
873
$165,806,078
3,266
118,734
$GUSD
Ethereum Logo

Ethereum

$111,532,626
$0.9991

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
902
$217,028,273
4,541
23,586
GHO IconGHOAave
$GHO
Ethereum Logo

Ethereum

$92,728,691
$0.9990

US Dollar

US Treasury Debt - TokenizedCryptocurrencies

Non-Regulated

BNY Mellon Pershing
1,152
$161,613,515
7,235
2,165
Liquity IconLiquityLiquity Protocol
$LUSD
Ethereum Logo

Ethereum

$85,227,775
$0.9984

US Dollar

Cryptocurrencies - ETH

Non-Regulated

765
$101,753,741
4,695
11,830
$BUSD
Ethereum Logo

Ethereum

$70,318,362
$0.9927

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
1,311
$5,737,346
3,540
148,576
$EURS
Ethereum Logo

Ethereum

$45,425,672
$1.0896

Euro

Bank Deposits - EUR
Malta Flag

Malta

Malta Virtual Financial Assets (VFA) Framework

MFSA - Malta Financial Services Authority

EXT LTD+ 2 More
BDO Malta
169
$10,350,925
725
5,912
Bean IconBeanBeanstalk Protocol Governed by Beanstalk DAO
$BEAN
Ethereum Logo

Ethereum

$43,342,860
$0.8725

US Dollar

Cryptocurrencies - "Pods" Beanstalk Debt

Non-Regulated

95
$3,472,536
1,947
283
Synthetix sUSD IconSynthetix sUSDSynthentix Protocol Governed by Synthetix DAO
$sUSD
Ethereum Logo

Ethereum

$42,853,180
$1.0028

US Dollar

Cryptocurrencies - SNX

Non-Regulated

357
$57,449,690
1,934
18,441
$EURT
Ethereum Logo

Ethereum

$36,649,045
$1.0541

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
$19,853,955
2,599
1,539
Mountain USD IconMountain USDMountain Protocol
4.94%
$USDM
Polygon LogoEthereum Logo
$33,568,278
$0.9990

US Dollar

Public Equity - Treasury ETF+ 4 More
Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

3 - Adequate
Nephos Group
122
$48,695,558
880
300
2 Addresses
EURC IconEURCCircle
$EURC
Ethereum LogoAvalanche Logo
$27,108,979
$1.0826

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
706
$77,176,172
3,564
3,415
2 Addresses
$AGEUR
Ethereum Logo

Ethereum

$22,008,507
$1.0781

Euro

Corporate Bonds+ 2 More

Non-Regulated

WithumSmith+Brown
296
$29,350,632
3,739
2,949
$TRYB
Ethereum Logo

Ethereum

$19,593,081
$0.0304

Turkish Lira

Bank Deposits - TRY
Turkey Flag

Turkey

Non-Regulated

BiLira Teknoloji A.Ş.
Corpus Denetim ve Yeminili Mali Musavirlik AS
25
$194,675,207
321
919
$aUSDT
Ethereum Logo

Ethereum

$19,062,149
$1.0019

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
14
$22,153,765
33
18
Z.com USD IconZ.com USDGMO Trust
$ZUSD
Stellar LogoEthereum Logo
$18,482,012
$1.0010

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
67
$250,758
157
692
2 Addresses
$XSGD
Ethereum Logo

Ethereum

$14,982,207
$0.7437

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
375
$11,930,252
1,217
2,933
EUR CoinVertible IconEUR CoinVertibleSociete Generale
$EURCV
Ethereum Logo

Ethereum

$12,162,496
$1.0913

Euro

Bank Deposits - EUR
France Flag

France

France Digital Asset Service Provider (DASP) under PACTE Law

AMF - French Autorité des Marchés Financiers

14
$11,668,752
27
21
GMO JPY IconGMO JPYGMO Trust
$GYEN
Stellar LogoEthereum Logo
$9,842,732
$0.0061

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
100
$10,375,450
255
10,704
2 Addresses
Lift Dollar IconLift DollarPaxos Issuance MENA Ltd
5%
$USDL
Ethereum Logo

Ethereum

$8,108,531
$1.0000

US Dollar

Corporate Bonds+ 3 More
United Arab Emirates Flag

United Arab Emirates

Abu Dhabi Global Market

FSRA - Financial Services Regulatory Authority

Crowe Mak
6
$5,123,669
16
23
$CNHT
TRON LogoEthereum Logo
$6,295,677
$0.1390

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
2
$0
0
54
2 Addresses
RupiahToken IconRupiahTokenPT Rupiah Token Indonesia
$IDRT
Polygon LogoEthereum LogoBinance Smart Chain Logo
$5,270,973
$0

Indonesian Rupiah

Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
82
$3,185,319
218
10,507
3 Addresses
Verified USD IconVerified USDVerified USD
$USDV
Ethereum Logo

Ethereum

$3,710,235
$0.9978

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)
105
$650,252
275
288
$BRZ
Ethereum Logo

Ethereum

$2,586,412
$0.1863

Brazilian Real

Bank Deposits - BRL+ 3 More
Switzerland Flag

Switzerland

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
20
$823,125
167
129
Forte AUD IconForte AUDForte Securities Australia Pty Limited
$AUDF
Polygon LogoEthereum LogoAvalanche Logo
$2,270,206
$0.6657

Australian Dollar

Bank Deposits - AUD
Australia Flag

Australia

Australian Financial Services License

ASIC - Australian Securities & Investments Commission

MVA Bennett
15
$35,262,836
111
15
3 Addresses
$MXNT
Ethereum Logo

Ethereum

$2,057,692
$0.0563

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
1
$AUDD
Stellar LogoEthereum Logo
$1,978,339
$0.6904

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
30
$5,394,332
192
483
2 Addresses
Synthetix sEUR IconSynthetix sEURSynthentix Protocol Governed by Synthetix DAO
$sEUR
Ethereum Logo

Ethereum

$1,079,098
$1.0720

Euro

Cryptocurrencies - SNX

Non-Regulated

17
$116,472
107
780
$USDGLO
Ethereum Logo

Ethereum

$945,926
$1.0000

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
15
$1,104,663
39
113
EUROe IconEUROeMembrane Finance
$EUROe
Ethereum Logo

Ethereum

$770,661
$1.0788

Euro

Bank Deposits - EUR
Finland Flag

Finland

Finland Electronic Money Institution (EMI)

FSA - Finish Financial Supervisory Authority

Bank Frick
KPMG
27
$911,686
123
154
$XIDR
Ethereum Logo

Ethereum

$319,569
$0

Indonesian Rupiah

Bank Deposits - IDR
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
8
$468
14
206
$VCHF
Ethereum Logo

Ethereum

$87,484
$1.1119

Swiss Franc

Commodities - Gold
Liechtenstein Flag

Liechtenstein

Liechtenstein Blockchain Act

FMA - Liechtenstein Financial Market Authority

Philoro Edelmetallhandel AG
AREVA AG
10
$103,925
18
32

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