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

$244.27B

+2.38%from 30d ago

Monthly Transfer Volume

$2.88T

+1.19%from 30d ago

Monthly Active Addresses

35.97M

+19.94%from 30d ago

Holders

171.89M

+2.49%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 07/17/2025

Top Entities

#
Issuer
RWA Count
Market Cap
30D%
Market Share
1
Tether Holdings LogoTether Holdings
19
$157,202.4M
3.17%
64.36%
2
Circle LogoCircle
29
$61,140.3M
2.93%
25.03%
3
Sky LogoSky
4
$7,516.2M
4.90%
3.08%
4
Ethena LogoEthena
2
$5,422.2M
9.42%
2.22%
5
Binance LogoBinance
2
$4,598.3M
0.05%
1.88%
6
Pallas Fund LogoPallas Fund
4
$1,456.5M
0.05%
0.60%
7
First Digital Labs LogoFirst Digital Labs
3
$1,439.5M
4.20%
0.59%
8
Paxos LogoPaxos
5
$992.0M
9.31%
0.41%
9
USDD Protocol LogoUSDD Protocol
1
$744.8M
0.21%
0.30%
10
Usual LogoUsual
1
$586.2M
4.73%
0.24%

Stablecoin Payment Corridors

View cross-border stablecoin payment corridors between different countries.

Get Access to Payment Corridor Metrics

as of 07/17/2025

Stablecoins

60 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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Monthly Active Addresses
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Monthly Transfer Volume
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Contract Address
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Tether USDt IconTether USDtTether Holdings
USDT
TRON LogoSolana LogoPlume LogoOptimism LogoNEAR LogoEthereum LogoCelo LogoAvalanche LogoArbitrum LogoAptos Logo
$157,187,808,822
$1.0000

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
15,100,830
$1,103,479,710,597
288,065,120
103,410,286
14 Addresses
USDC IconUSDCCircle
USDC
ZKsync Era LogoXRP Ledger LogoTRON LogoStellar LogoSolana LogoPolygon LogoPlume LogoOptimism LogoNoble LogoNEAR LogoMANTRA LogoEthereum LogoCelo LogoBinance Smart Chain LogoBase LogoAvalanche LogoArbitrum LogoAptos Logo
$60,884,386,319
$0.9999

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
7,828,406
$919,648,306,552
319,995,926
25,689,785
24 Addresses
USDS IconUSDSSky
USDS
Solana LogoNEAR LogoEthereum Logo
$7,516,209,568
$1.0001

US Dollar

Structured Credit+ 4 More

N/A

Non-Regulated

4 - Constrained
52,956
$252,017,039,974
1,351,236
682,282
4 Addresses
USDe
Solana LogoEthereum Logo
$5,422,157,097
$1.0001

US Dollar

Derivatives - Short ETH PerpsCryptocurrencies - ETH

N/A

Non-Regulated

5 - Weak
9,598
$59,722,044,445
91,979
34,751
2 Addresses
BSC-USD
$4,287,670,049
$1.0006

US Dollar

12,531,802
$523,449,485,867
404,020,811
34,856,242
USDtb IconUSDtbPallas Fund
USDtb
Solana LogoEthereum LogoBase LogoArbitrum Logo
$1,456,482,729
$0.9997

US Dollar

US Treasury Debt - BUIDL
British Virgin Islands Flag

British Virgin Islands

357
$576,497,132
3,511
239
4 Addresses
First Digital USD IconFirst Digital USDFirst Digital Labs
FDUSD
Solana LogoEthereum LogoBinance Smart Chain Logo
$1,439,530,572
$0.9984

US Dollar

Money Market - RRP+ 2 More
Hong Kong Flag

Hong Kong

Non-Regulated

4 - Constrained
First Digital Trust
Prescient Assurance LLC.
8,374
$3,821,087,363
178,374
59,733
3 Addresses
PYUSD
Solana LogoEthereum Logo
$864,236,498
$0.9996

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
106,260
$3,461,811,971
1,672,923
76,181
2 Addresses
USDD IconUSDDUSDD Protocol
USDD
$744,812,079
$1.0003

US Dollar

CryptocurrenciesStablecoins

Non-Regulated

Huobi Exchange
226
$31,995,313
7,412
135,173
USD0
$586,207,258
$0.9978

US Dollar

Money Market - USYC
France Flag

France

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

3,045
$804,201,429
27,601
13,011
Ripple USD IconRipple USDStandard Custody & Trust Company
RLUSD
XRP Ledger LogoEthereum Logo
$517,756,320
$1.0000

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
3,653
$2,776,454,039
176,441
33,599
2 Addresses
Global Dollar IconGlobal DollarPaxos Digital Singapore
USDG
Solana LogoEthereum Logo
$340,812,677
$0.9998

US Dollar

US Treasury Debt+ 2 More
Singapore Flag

Singapore

7,075
$2,395,165,693
1,148,613
2,850
2 Addresses
M IconMM0
M
Plume LogoEthereum Logo
$314,932,175
$1.0000

US Dollar

N/A

20
$394,661,047
662
56
2 Addresses
BSC-BUSD
$310,617,425
$1.0007

US Dollar

117,901
$124,557,158
3,019,592
6,174,065
FRAX IconFRAXFrax Finance
FRAX
NEAR LogoEthereum Logo
$304,904,776
$0.9995

US Dollar

Money Market - Fund+ 4 More

N/A

Non-Regulated

5 - Weak
Lead Bank
737
$201,033,499
18,922
16,926
2 Addresses
GHO IconGHOAave
GHO
$301,080,224
$0.9992

US Dollar

US Treasury Debt - TokenizedCryptocurrencies

N/A

Non-Regulated

BNY Mellon Pershing
3,997
$2,429,978,950
37,545
6,050
OpenEden OpenDollar IconOpenEden OpenDollarOpenEden Digital
USDO
Ethereum LogoBase Logo
$295,301,463
$0.9994

US Dollar

Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

Agio iconAgio
233
$88,667,234
1,374
136
2 Addresses
EURC IconEURCCircle
EURC
Stellar LogoSolana LogoEthereum LogoBase LogoAvalanche Logo
$255,951,313
$1.1622

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
113,077
$1,746,097,696
893,698
43,121
5 Addresses
deUSD
Plume LogoEthereum LogoAvalanche Logo
$221,354,040
$0.9992

US Dollar

Stablecoins - sDAI+ 3 More
British Virgin Islands Flag

British Virgin Islands

Ceffu Copper Clearloop
3,111
$426,293,895
38,367
6,312
4 Addresses
USDz
Manta Pacific LogoEthereum LogoBlast LogoBase Logo
$121,475,981
$0.9895

US Dollar

Private Credit - sPCT
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

39
$4,948,528
115
1,162
4 Addresses
AUSD IconAUSDAgora
AUSD
Solana LogoMantle LogoEthereum LogoAvalanche Logo
$103,013,902
$0.9999

US Dollar

Bank Deposits - USD+ 2 More
British Virgin Islands Flag

British Virgin Islands

State Street
6,176
$1,027,469,201
473,858
44,905
4 Addresses
Lift Dollar IconLift DollarPaxos Issuance MENA Ltd
USDL
$93,169,133

US Dollar

Corporate Bonds+ 3 More
United Arab Emirates Flag

United Arab Emirates

Abu Dhabi Global Market

FSRA - Financial Services Regulatory Authority

Crowe Mak
226
$397,718,746
2,542
237
Avant USD IconAvant USDAvant Technology Foundation
avUSD
$91,913,359
$1.0001

US Dollar

298
$238,628,211
32,522
856
lvlUSD
$72,203,067
$0.9999

US Dollar

United States of America Flag

United States of America

111
$17,630,756
7,087
1,347
USDP
Solana LogoEthereum Logo
$69,909,081
$0.9994

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
3,138
$188,146,896
47,632
273,348
2 Addresses
Anchored Coins EUR IconAnchored Coins EURAnchored Coins
AEUR
Ethereum LogoBinance Smart Chain Logo
$65,837,125
$1.1652

Euro

Switzerland Flag

Switzerland

9
$98,663
30
158
2 Addresses
BUSD
$57,852,375
$1.0010

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
970
$17,500,711
5,322
150,168
EUR CoinVertible IconEUR CoinVertibleSociete Generale
EURCV
$48,641,242
$1.1635

Euro

Bank Deposits - EUR
France Flag

France

France Digital Asset Service Provider (DASP) under PACTE Law

AMF - French Autorité des Marchés Financiers

3 - Adequate
8
$86,917
120
55
Liquity LUSD IconLiquity LUSDLiquity Protocol
LUSD
$41,034,451
$1.0008

US Dollar

Cryptocurrencies - ETH

N/A

Non-Regulated

510
$16,502,811
3,181
12,037
Quantoz USDQ IconQuantoz USDQQuantoz Payments
USDQ
$39,991,988
$0.9998

US Dollar

Netherlands Flag

Netherlands

32
$104,496
2,027
151
Synthetix sUSD IconSynthetix sUSDSynthentix Protocol Governed by Synthetix DAO
sUSD
$29,479,934
$0.8935

US Dollar

Cryptocurrencies - SNX

N/A

Non-Regulated

479
$21,481,663
5,505
19,933
Plume USD IconPlume USDNucleus
pUSD
$28,712,200
$0.9992

US Dollar

66,204
$271,150,893
2,768,287
66,616
AGEUR
$21,996,425
$1.1666

Euro

Corporate Bonds+ 2 More

N/A

Non-Regulated

WithumSmith+Brown
192
$22,512,752
4,552
2,939
Mountain USD IconMountain USDMountain Protocol
USDM
ZKsync Era LogoPolygon LogoOptimism LogoEthereum LogoBase LogoAvalanche LogoArbitrum Logo
$21,010,746
$1.0049

US Dollar

Public Equity - Treasury ETF+ 4 More
Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

3 - Adequate
Nephos Group
848
$5,790,375
13,271
9,462
7 Addresses
Z.com USD IconZ.com USDGMO Trust
ZUSD
Stellar LogoSolana LogoEthereum Logo
$16,991,768
$0.8982

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
23
$319,208
52
661
3 Addresses
XSGD
Ethereum LogoAvalanche Logo
$15,840,954
$0.7791

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
$11,865,940
$1.0004

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
559
$76,094,451
2,352
21,698
EURS
XDC LogoEthereum Logo
$10,576,131
$1.1596

Euro

Bank Deposits - EUR
Malta Flag

Malta

Malta Virtual Financial Assets (VFA) Framework

MFSA - Malta Financial Services Authority

EXT LTD+ 2 More
BDO Malta
244
$9,786,853
3,250
6,092
2 Addresses
Tether EURt IconTether EURtTether Holdings
EURT
$10,444,368
$1.1425

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
289
$6,534,779
1,661
2,054
Quantoz EURQ IconQuantoz EURQQuantoz Payments
EURQ
$9,997,997
$0.9998

Euro

Netherlands Flag

Netherlands

21
$115,648
2,023
141
Bean IconBeanBeanstalk Protocol Governed by Beanstalk DAO
BEAN
$8,335,794
$0.2495

US Dollar

Cryptocurrencies - "Pods" Beanstalk Debt

Non-Regulated

2
$11
2
237
GMO JPY IconGMO JPYGMO Trust
GYEN
Stellar LogoSolana LogoEthereum Logo
$7,404,523
$0.0051

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
228
$345,606
825
11,380
3 Addresses
TRYB
$3,786,794
$0.0248

Turkish Lira

Bank Deposits - TRY
Turkey Flag

Turkey

Non-Regulated

BiLira Teknoloji A.Ş.
Corpus Denetim ve Yeminili Mali Musavirlik AS
63
$913,051,075
789
884
RupiahToken IconRupiahTokenPT Rupiah Token Indonesia
IDRT
Polygon LogoEthereum LogoBinance Smart Chain Logo
$3,630,834
$0

Indonesian Rupiah

Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
264
$1,794,742
695
11,336
3 Addresses
Tether CNHt IconTether CNHtTether Holdings
CNHT
TRON LogoEthereum Logo
$2,645,665
$0.1290

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
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
27
$230,584,200
1,751
100
3 Addresses
BRZ
$2,508,934
$0.1792

Brazilian Real

Bank Deposits - BRL+ 3 More
Switzerland Flag

Switzerland

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
9
$17,526
23
278
Fathom Dollar IconFathom DollarFathom DAO
FXD
$1,418,578
$0.6318

US Dollar

Cryptocurrencies - XDC

N/A

Non-Regulated

121
$2,926,322
16,200
746
Tether MXNt IconTether MXNtTether Holdings
MXNT
$1,110,231
$0.0555

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
Synthetix sEUR IconSynthetix sEURSynthentix Protocol Governed by Synthetix DAO
sEUR
$690,507
$0.6940

Euro

Cryptocurrencies - SNX

N/A

Non-Regulated

19
$54,809
183
795
USDGLO
$535,270
$1.0011

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
21
$1,993
32
153
Alloy USDT IconAlloy USDTTether Holdings
aUSDT
$396,153
$0.9999

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
5
$150
5
34
MXNB - Mexican Peso Stablecoin IconMXNB - Mexican Peso StablecoinJuno (a Bitso company)
MXNB
Ethereum LogoAvalanche LogoArbitrum Logo
$344,060
$0.0535

Mexican Peso

Mexico Flag

Mexico

BDO
109
$183,207,810
15,001
157
3 Addresses
VCHF
$329,669
$1.2524

Swiss Franc

Commodities - Gold
Liechtenstein Flag

Liechtenstein

Liechtenstein Blockchain Act

FMA - Liechtenstein Financial Market Authority

Philoro Edelmetallhandel AG
AREVA AG
9
$1,062,675
34
47
AUDD
Stellar LogoEthereum Logo
$284,782
$0.6534

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
60
$629,754
455
615
2 Addresses
EUROe IconEUROeMembrane Finance
EUROe
Solana LogoEthereum Logo
$273,757
$1.1712

Euro

Bank Deposits - EUR
Finland Flag

Finland

Finland Electronic Money Institution (EMI)

FSA - Finish Financial Supervisory Authority

Bank Frick
KPMG
30
$52,652
9
1,598
2 Addresses
XIDR
$121,178
$0

Indonesian Rupiah

Bank Deposits - IDR
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
1
$31
1
195
Open Money USD IconOpen Money USDOpen Money DAO
omUSD
$112,794
$0.9998

US Dollar

3
$63
4
65
Verified USD IconVerified USDVerified USD
USDV
$65,995
$0.4391

US Dollar

British Virgin Islands Flag

British Virgin Islands

Singapore Securities and Futures Act Section 275 Exemption

MAS - Monetary Authority of Singapore

4
$31
6
258
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
1
$810
1
146