Asset Classes
Latest
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
$225.98B
▲+1.7%from 30d ago
% of M2 Money Supply
1.08%
▲+1.7%from 30d ago
Monthly Transfer Volume
$2.16T
▲+0.72%from 30d ago
Monthly Active Addresses
25.64M
▲+6.43%from 30d ago
Holders
154.24M
▲+3.08%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 03/23/2025
Top Entities
# | Issuer | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 18 | $142,191.96M | ▲0.18% | 62.92% ▼ |
2 |  Circle | 26 | $58,226.59M | ▲4.16% | 25.77% ▲ |
3 |  Sky | 3 | $7,710.51M | ▲6.05% | 3.41% ▲ |
4 |  Ethena | 2 | $5,393.01M | ▼9.07% | 2.39% ▼ |
5 |  Binance | 2 | $4,607.29M | ▼0.05% | 2.04% ▼ |
6 |  First Digital Labs | 2 | $2,205.58M | ▲20.54% | 0.98% ▲ |
7 |  Pallas Fund | 4 | $1,182.05M | ▲1,220.67% | 0.52% ▲ |
8 |  Paxos | 5 | $990.25M | ▲9.31% | 0.44% ▲ |
9 | Usual | 1 | $948.21M | ▼15.44% | 0.42% ▼ |
10 |  USDD Protocol | 1 | $741.71M | ▲1.08% | 0.33% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 03/23/2025
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 |          | $142,152,399,661 ▲ | $0.9996 ▼ | 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 | 11,994,342 ▲ | $965,478,030,977 ▲ | 156,739,074 ▼ | 93,881,726 ▲ | 13 Addresses | ||||
 USDCCircle | USDC |        | $58,098,511,829 ▲ | $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 | 4,892,202 ▼ | $859,956,888,796 ▼ | 210,558,154 ▼ | 22,116,908 ▲ | 22 Addresses | ||||
| USDSSky | USDS | | $7,710,505,784 ▲ | $0.9998 ▲ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 38,488 ▲ | $208,800,813,691 ▲ | 435,670 ▲ | 654,561 ▲ | 3 Addresses | |||
 Ethena USDeEthena | USDe | | $5,393,012,150 ▼ | $0.9991 ▼ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | — | — | — | — | 23,640 ▲ | $12,871,994,467 ▲ | 192,071 ▲ | 29,934 ▲ | 2 Addresses |
 Binance-Peg USDBinance | BSC-USD | $4,284,472,629 ▲ | $0.9999 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 8,412,755 ▲ | $89,832,158,489 ▼ | 62,769,510 ▲ | 30,478,717 ▲ | ||
 First Digital USDFirst Digital Labs | FDUSD | | $2,205,582,206 ▲ | $0.9994 ▲ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 4,243 ▲ | $6,270,565,215 ▲ | 122,373 ▼ | 51,742 ▲ | 2 Addresses | ||||
 USDtbPallas Fund | USDtb | | $1,182,048,693 ▲ | $0.9998 ▼ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 46 ▲ | $153,716,037 ▲ | 250 ▲ | 71 ▲ | 4 Addresses | |
 Usual USDUsual | USD0 | $948,213,485 ▼ | $0.9978 ▼ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 3,999 ▼ | $2,121,262,987 ▲ | 61,554 ▲ | 14,277 ▲ | |||||
 Paypal USDPaxos | PYUSD | | $853,146,760 ▲ | $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 | 38,470 ▲ | $4,045,671,359 ▼ | 1,203,325 ▼ | 56,571 ▲ | 2 Addresses | ||||
 USDDUSDD Protocol | USDD | $741,714,270 ▲ | $1.0007 ▲ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 1,115 ▼ | $418,644,063 ▼ | 17,966 ▼ | 134,965 ▲ | ||||||
 FRAXFrax Finance | FRAX | | $353,794,759 ▼ | $0.9989 ▲ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 1,182 ▲ | $947,078,021 ▲ | 276,648 ▲ | 16,499 ▲ | 2 Addresses | |||
 Binance-Peg BUSDBinance | BSC-BUSD | $322,822,156 ▼ | $1.0044 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 47,665 ▼ | $525,458,254 ▼ | 2,290,792 ▼ | 6,230,692 ▲ | ||
 Elixir deUSDElixir | deUSD | $237,950,624 ▼ | $1.0000 ▲ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 12,011 ▲ | $1,272,177,254 ▲ | 74,135 ▲ | 4,590 ▲ | ||||
 GHOAave | GHO | $212,571,291 ▲ | $0.9997 ▼ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 2,240 ▲ | $1,413,303,639 ▲ | 34,149 ▲ | 3,522 ▲ | |||||
 Ripple USDStandard Custody & Trust Company | RLUSD |  | $176,727,775 ▲ | $1.0002 ▲ | US Dollar | — | United States of America | New York State, U.S. Virtual Currency Business NYDFS - New York State Department of Financial Services | — | — | — | BPM LLP | 3,388 ▲ | $672,996,226 ▲ | 403,073 ▲ | 30,607 ▲ | 2 Addresses | |||
 MM^0 | M | $154,458,761 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | — | — | 24 ▲ | $239,116,280 ▲ | 231 ▲ | 38 ▲ | ||
 EURCCircle | EURC | | $128,075,223 ▲ | $1.0812 ▼ | 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 | 1,625 ▲ | $470,899,572 ▼ | 27,140 ▲ | 13,201 ▲ | 4 Addresses | |||
 Anzen USDzAnzen | USDz |   | $126,685,905 ▲ | $0.9825 ▲ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 67 △ | $15,797,481 ▲ | 239 ▲ | 1,061 ▲ | 4 Addresses | ||
 Global DollarPaxos Digital Singapore | USDG | $115,143,628 ▲ | $0.9999 ▼ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 52 ▲ | $184,114,245 ▲ | 171 ▲ | 82 ▲ | |||
 Pax DollarPaxos | USDP | | $79,244,626 ▼ | $1.0002 ▼ | 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 | 132,814 ▲ | $134,132,669 ▲ | 333,801 ▲ | 235,889 ▲ | 2 Addresses | ||||
 Binance USDPaxos | BUSD | $57,860,452 ▼ | $0.9994 ▲ | 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 | 963 ▼ | $10,516,992 ▲ | 3,597 ▼ | 150,962 ▼ | |||||
 Anchored Coins EURAnchored Coins | AEUR | | $56,500,526 ▼ | $0.9999 ▼ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 6 ▲ | $6,806 ▲ | 6 ▲ | 150 ▲ | 2 Addresses |
 Mountain USDMountain Protocol | USDM | | $51,957,315 ▼ | $0.9996 ▼ | US Dollar | Public Equity - Treasury ETF+ 4 More |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 3,499 ▼ | $113,797,003 ▼ | 24,000 ▲ | 6,989 ▲ | 6 Addresses | ||||
 AUSDAgora | AUSD |  | $49,091,088 ▲ | $0.9993 ▼ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 17,537 ▲ | $868,257,298 ▼ | 256,679 ▼ | 30,995 ▲ | 3 Addresses | ||
 Liquity LUSDLiquity Protocol | LUSD | $48,404,107 ▼ | $1.0001 ▼ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 739 ▼ | $58,547,499 ▼ | 4,887 ▲ | 11,756 ▼ | ||||||
 EUR CoinVertibleSociete Generale | EURCV | $45,122,526 ▲ | $1.0878 ▼ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | — | — | — | — | 9 ▼ | $1,216,652 ▲ | 75 ▲ | 44 ▲ | |||||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $41,033,496 ▼ | $1.0004 ▲ | US Dollar | Corporate Bonds+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 133 ▲ | $355,336,777 ▲ | 649 ▲ | 156 ▼ | |||||
 Tether EURtTether Holdings | EURT | $31,904,104 ▲ | $1.0841 ▼ | 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 | 288 ▼ | $3,744,265 ▼ | 1,321 ▼ | 1,849 ▲ | ||||||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $22,033,590 ▲ | $0.9840 ▼ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 550 ▲ | $105,625,854 ▲ | 8,749 ▲ | 19,824 ▲ | |||
 Angle EuroAngle | AGEUR | $19,993,114 ▲ | $1.0824 ▼ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 252 ▲ | $38,096,070 ▲ | 5,399 ▲ | 2,927 ▲ | |||||
 Z.com USDGMO Trust | ZUSD | | $11,574,788 ▼ | $0.6119 ▼ | 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 | — | 41 ▼ | $1,969 ▼ | 87 ▼ | 651 ▲ | 3 Addresses | |||
 Stasis EuroStasis | EURS |  | $10,773,048 ▲ | $1.0876 ▲ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 210 ▲ | $4,722,706 ▼ | 5,831 ▼ | 5,978 ▼ | 2 Addresses | |
 GMO JPYGMO Trust | GYEN | | $9,849,773 ▼ | $0.0066 ▲ | 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 | 127 ▼ | $32,524 ▼ | 362 ▼ | 11,253 ▲ | 3 Addresses | |||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | $9,654,109 ▲ | $0.7479 ▼ | Singapore Dollar | non-US Government Debt - Singaporean Treasury BillsBank Deposits - SGD | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | KK Yap & Associates | 355 ▼ | $20,917,707 ▼ | 3,379 ▲ | 3,210 ▲ | ||||||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $7,985,782 ▼ | $0.2390 ▲ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 2 ▼ | $18 ▼ | 4 ▼ | 238 △ | |||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,843,732 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 169 ▲ | $33,997,136 ▼ | 737 ▲ | 10,949 ▲ | 3 Addresses | |
 Alloy USDTTether Holdings | aUSDT | $3,833,206 ▲ | $0.9997 △ | US Dollar | Commodities - XAUT | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Swiss Custodian (undisclosed) | BDO Italia | 16 ▲ | $513,663 ▼ | 41 ▼ | 33 ▲ | ||||
| Fathom DollarFathom DAO | FXD | $3,102,321 ▲ | $1.0005 ▲ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 125 ▼ | $2,307,018 ▼ | 28,478 ▼ | 723 ▲ | |||
 Tether CNHtTether Holdings | CNHT | | $2,827,087 ▲ | $0.1379 △ | 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 | 2 ▼ | $773 ▲ | 3 ▲ | 56 ▲ | 2 Addresses | |||
 Forte AUDForte Securities Australia Pty Limited | AUDF | | $2,585,267 ▼ | $0.6267 ▼ | Australian Dollar | Bank Deposits - AUD |  Australia | Australian Financial Services License ASIC - Australian Securities & Investments Commission | — | — | — | — | — | MVA Bennett | 44 ▼ | $225,277,609 ▲ | 1,337 ▼ | 84 ▲ | 3 Addresses | |
 Transfero: BRZTransfero | BRZ | $2,440,383 ▼ | $0.1743 ▲ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 71 ▲ | $586,474 ▼ | 343 ▼ | 265 ▲ | ||||
 Gemini DollarGemini | GUSD | $2,318,427 ▼ | $0.9993 ▼ | 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 | 618 ▼ | $129,081,852 ▲ | 3,545 ▲ | 21,876 ▼ | ||||||
 Open Money USDOpen Money DAO | omUSD | $999,066 ▲ | $0.9991 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | 37 ▲ | $136,250 ▲ | 69 ▼ | 77 ▼ | |||
 Tether MXNtTether Holdings | MXNT | $992,171 ▼ | $0.0496 ▼ | 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 | $759,678 ▲ | $0.7635 ▲ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 22 ▲ | $438,530 ▲ | 710 ▲ | 795 ▲ | ||
 Glo DollarBrale | USDGLO | $545,505 ▼ | $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 | 17 ▼ | $98,000 ▼ | 58 ▼ | 145 ▲ | |||||
 BiLira Turkish LiraBiLira | TRYB | $251,997 ▼ | $0.0017 ▼ | Turkish Lira | Bank Deposits - TRY |  Turkey | Non-Regulated | — | — | — | BiLira Teknoloji A.Ş. | Corpus Denetim ve Yeminili Mali Musavirlik AS | 53 ▼ | $897,115,502 ▼ | 1,018 ▲ | 896 ▲ | ||||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $240,927 ▼ | $0.6270 ▼ | 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 ▼ | $140,317 ▼ | 450 ▲ | 549 ▲ | 2 Addresses | |
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $116,788 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | — | — | KK Yap & Associates | — | 3 ▲ | $326 ▼ | 5 ▲ | 196 △ | |||
 EUROeMembrane Finance | EUROe | $76,353 ▼ | $1.0885 ▲ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 9 ▼ | $534,083 ▼ | 12 ▼ | 154 ▲ | |||||
VCHF | $62,351 ▲ | $1.1305 ▲ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 4 ▲ | $715 ▲ | 7 ▲ | 40 ▲ | ||||||
 Verified USDVerified USD | USDV | $61,157 ▲ | $0.4128 ▼ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 20 ▲ | $488 ▼ | 34 ▲ | 253 △ | |||||
 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 | 6 ▲ | $23,047 △ | 20 △ | 145 △ |
RWA.xyzAll Rights Reserved