Asset Classes
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
$240.41B
▲+1.69%from 30d ago
Monthly Transfer Volume
$2.78T
▲+1.58%from 30d ago
Monthly Active Addresses
31.02M
▲+3.42%from 30d ago
Holders
169.54M
▲+2.39%from 30d ago
Stablecoin Metrics
Market Caps shows the scale and power law distribution between all stablecoin issuers.
Show % of Total
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Market Caps
Group By
as of 07/03/2025
Top Entities
# | Issuer | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 19 | $154,852.5M | ▲2.60% | 64.41% ▲ |
2 |  Circle | 29 | $59,467.5M | ▲0.24% | 24.74% ▼ |
3 |  Sky | 4 | $7,946.3M | ▲5.29% | 3.31% ▲ |
4 |  Ethena | 2 | $5,398.6M | ▼8.08% | 2.25% ▼ |
5 |  Binance | 2 | $4,597.2M | ▲0.01% | 1.91% ▼ |
6 |  First Digital Labs | 3 | $1,462.4M | ▼7.67% | 0.61% ▼ |
7 |  Pallas Fund | 4 | $1,461.1M | ▲0.41% | 0.61% ▼ |
8 |  Paxos | 5 | $1,065.0M | ▼5.05% | 0.44% ▼ |
9 |  USDD Protocol | 1 | $746.3M | ▼0.00% | 0.31% ▼ |
10 | Usual | 1 | $591.9M | ▼5.48% | 0.25% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 07/03/2025
Stablecoins
56 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 | Protocol | 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 | Protocol | 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 |           | $154,836,771,835 ▲ | $1.0002 ▼ | 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 | 14,232,909 ▲ | $1,011,586,763,380 ▼ | 259,483,783 ▼ | 102,389,995 ▲ | 14 Addresses | |||||
 USDCCircle | USDC |         | $59,218,121,888 ▲ | $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 | 6,651,212 ▲ | $830,087,282,925 ▼ | 283,299,037 ▼ | 25,065,328 ▲ | 24 Addresses | |||||
| USDSSky | USDS | | $7,946,330,770 ▲ | $1.0000 ▼ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 44,529 ▲ | $278,123,473,295 ▼ | 1,385,839 ▼ | 678,096 ▲ | 4 Addresses | ||||
 Ethena USDeEthena | USDe | | $5,398,563,445 ▼ | $1.0001 ▼ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | 5 - Weak | — | — | — | — | — | — | 10,472 ▼ | $41,984,741,455 ▲ | 98,023 ▼ | 34,028 ▲ | 2 Addresses | |
 Binance-Peg USDBinance | BSC-USD | $4,286,726,524 ▲ | $1.0004 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 9,705,371 ▼ | $600,492,382,636 ▲ | 413,741,917 ▲ | 34,164,069 ▲ | |||
 First Digital USDFirst Digital Labs | FDUSD | | $1,462,443,989 ▼ | $0.9980 ▼ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 8,039 ▲ | $4,241,685,312 ▲ | 215,330 ▼ | 59,022 ▲ | 3 Addresses | |||||
 USDtbPallas Fund | USDtb | | $1,461,138,862 ▲ | $0.9999 ▼ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 282 ▲ | $550,364,318 ▲ | 2,728 ▲ | 208 ▲ | 4 Addresses | ||
 Paypal USDPaxos | PYUSD | | $937,264,827 ▼ | $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 | 82,197 ▲ | $3,397,431,847 ▼ | 1,564,117 ▼ | 72,799 ▲ | 2 Addresses | |||||
 USDDUSDD Protocol | USDD | $746,337,017 ▼ | $1.0006 ▲ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 217 ▼ | $99,251,841 ▼ | 8,466 ▼ | 135,169 ▲ | |||||||
 Usual USDUsual | USD0 | $591,934,881 ▼ | $0.9978 ▲ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 2,984 ▼ | $752,095,699 ▲ | 26,287 ▼ | 13,045 ▼ | ||||||
 Ripple USDStandard Custody & Trust Company | RLUSD | | $426,762,204 ▲ | $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 | 3,269 ▲ | $2,853,622,760 ▲ | 136,974 ▼ | 32,831 ▲ | 2 Addresses | ||||
 Global DollarPaxos Digital Singapore | USDG | | $327,277,347 ▼ | $1.0002 ▲ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 9,106 ▲ | $1,522,977,349 ▲ | 900,039 ▲ | 2,423 ▲ | 2 Addresses | ||
 FRAXFrax Finance | FRAX | | $319,548,747 ▼ | $0.9992 ▼ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 739 ▼ | $233,289,196 ▼ | 17,855 ▼ | 16,864 ▲ | 2 Addresses | ||||
 MM0 | M | | $317,180,595 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | 21 ▼ | $365,243,041 ▲ | 744 ▲ | 56 ▲ | 2 Addresses | |||
 Binance-Peg BUSDBinance | BSC-BUSD | $310,508,237 ▲ | $1.0003 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 121,192 ▲ | $178,107,732 ▼ | 3,296,531 ▼ | 6,174,471 ▼ | |||
 OpenEden OpenDollarOpenEden Digital | USDO | | $278,260,516 ▲ | $1.0022 ▲ | US Dollar | — |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | — | — | — | — | 207 ▲ | $115,161,030 ▲ | 1,200 ▲ | 132 ▲ | 2 Addresses | ||||
 EURCCircle | EURC | | $249,371,255 ▲ | $1.1781 ▲ | Euro | Bank Deposits - EUR | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | 2 - Strong | — | The Bank of New York Mellon | Deloitte | 58,649 ▲ | $1,492,324,635 ▼ | 800,524 ▼ | 64,782 ▲ | 5 Addresses | ||||
 Elixir deUSDElixir | deUSD | | $222,015,053 ▼ | $0.9992 ▼ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 2,595 ▲ | $425,011,039 ▼ | 29,058 ▲ | 5,865 ▲ | 4 Addresses | |||
 GHOAave | GHO | $213,956,677 ▼ | $0.9992 ▲ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 3,099 ▲ | $1,913,164,638 ▲ | 33,432 ▲ | 5,385 ▲ | ||||||
 Anzen USDzAnzen | USDz |   | $121,133,782 ▼ | $0.9835 ▼ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 38 ▼ | $3,502,739 ▲ | 94 ▼ | 1,157 ▲ | 4 Addresses | |||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $93,218,300 ▼ | $1.0002 ▼ | US Dollar | Corporate Bonds+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 186 ▲ | $220,992,200 ▼ | 2,894 ▼ | 222 ▲ | ||||||
 AUSDAgora | AUSD |  | $79,156,552 ▼ | $0.9994 ▼ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 6,479 ▼ | $1,025,815,206 ▼ | 462,078 ▼ | 44,447 ▲ | 4 Addresses | |||
 Avant USDAvant Technology Foundation | avUSD | $76,006,609 ▲ | $0.9998 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 330 ▲ | $245,560,633 ▲ | 32,580 ▼ | 845 ▼ | |||
 Pax DollarPaxos | USDP | | $69,957,997 ▼ | $1.0001 ▲ | 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 | 6,047 ▼ | $207,375,856 ▲ | 49,110 ▼ | 273,348 ▲ | 2 Addresses | |||||
 Anchored Coins EURAnchored Coins | AEUR | | $64,207,694 ▲ | $1.1363 ▲ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 8 ▲ | $53,820 ▲ | 17 ▲ | 157 ▲ | 2 Addresses | |
 Binance USDPaxos | BUSD | $57,750,241 ▲ | $0.9993 ▲ | 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 | 1,019 ▲ | $7,528,500 ▲ | 4,526 ▲ | 150,147 ▼ | ||||||
 EUR CoinVertibleSociete Generale | EURCV | $49,036,178 ▲ | $1.1729 ▲ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | 3 - Adequate | — | — | — | 22 ▼ | $2,619,481 ▼ | 112 ▼ | 55 ▲ | ||||||
 Liquity LUSDLiquity Protocol | LUSD | $41,086,505 ▼ | $1.0013 ▼ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 530 ▼ | $18,495,389 ▼ | 3,602 ▲ | 11,984 ▲ | |||||||
 Plume USDNucleus | pUSD | $36,364,238 ▲ | $0.9993 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 63,763 ▲ | $281,633,607 ▲ | 2,924,803 ▲ | 53,048 ▲ | |||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $32,528,811 ▲ | $0.9417 ▼ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 589 ▼ | $32,582,728 ▼ | 6,507 ▼ | 19,931 ▲ | ||||
 Angle EuroAngle | AGEUR | $22,180,109 ▼ | $1.1738 ▲ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 186 ▼ | $21,202,267 ▼ | 3,788 ▲ | 2,930 ▼ | ||||||
 Mountain USDMountain Protocol | USDM | | $20,888,667 ▼ | $0.9990 ▼ | US Dollar | Public Equity - Treasury ETF+ 4 More | Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 5,552 ▲ | $28,203,220 ▼ | 25,466 ▼ | 9,464 ▼ | 7 Addresses | |||||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | | $15,953,045 ▲ | $0.7846 ▲ | Singapore Dollar | non-US Government Debt - Singaporean Treasury BillsBank Deposits - SGD | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | KK Yap & Associates | 128 △ | $0 △ | 0 △ | 3,635 △ | 2 Addresses | |||||
 Z.com USDGMO Trust | ZUSD | | $15,757,142 ▼ | $0.8330 ▼ | 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 | — | 27 ▼ | $1,953 ▼ | 64 ▼ | 661 ▲ | 3 Addresses | ||||
 Stasis EuroStasis | EURS |  | $11,124,440 ▲ | $1.1721 ▲ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 224 ▲ | $7,945,072 ▲ | 2,554 ▲ | 6,076 ▲ | 2 Addresses | ||
 Tether EURtTether Holdings | EURT | $10,668,768 ▲ | $1.1670 ▲ | 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 | 284 ▲ | $5,767,906 ▼ | 1,330 ▼ | 2,012 ▲ | |||||||
 Gemini DollarGemini | GUSD | $10,101,414 ▼ | $1.0001 ▲ | 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 | 635 ▲ | $100,632,041 ▼ | 2,483 ▼ | 21,724 ▼ | |||||||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $7,703,392 ▼ | $0.2306 ▼ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 2 △ | $0 ▼ | 0 ▼ | 237 △ | ||||||
 GMO JPYGMO Trust | GYEN | | $5,389,480 ▼ | $0.0037 ▼ | 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 | 160 ▲ | $152,390 ▼ | 630 ▼ | 11,321 ▲ | 3 Addresses | ||||
 Tether CNHtTether Holdings | CNHT | | $4,186,397 ▲ | $0.2042 ▲ | 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 | 3 △ | $0 ▼ | 0 ▼ | 56 △ | 2 Addresses | ||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,638,276 ▼ | $0 ▲ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 239 ▲ | $1,661,619 ▲ | 610 ▲ | 11,278 ▲ | 3 Addresses | ||
 Forte AUDForte Securities Australia Pty Limited | AUDF | | $2,585,882 △ | $0.6269 △ | Australian Dollar | Bank Deposits - AUD |  Australia | Australian Financial Services License ASIC - Australian Securities & Investments Commission | — | — | — | — | — | MVA Bennett | 27 ▼ | $184,193,844 ▼ | 1,611 ▼ | 100 ▲ | 3 Addresses | ||
 Transfero: BRZTransfero | BRZ | $2,558,607 ▲ | $0.1828 ▲ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 16 △ | $24,940 ▼ | 33 ▼ | 277 ▲ | |||||
| Fathom DollarFathom DAO | FXD | $1,842,498 ▲ | $0.7570 ▼ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 103 ▲ | $3,714,993 ▼ | 9,510 ▲ | 749 ▲ | ||||
| MXNB - Mexican Peso StablecoinJuno (a Bitso company) | MXNB | | $1,333,917 ▼ | $0.0506 ▲ | Mexican Peso | — |  Mexico | — | — | — | — | — | — | BDO | — | 67 ▲ | $293,114,558 ▲ | 22,660 ▲ | 130 ▲ | 3 Addresses | |
 Synthetix sEURSynthentix Protocol Governed by Synthetix DAO | sEUR | $673,493 ▼ | $0.6769 ▼ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 17 ▼ | $116,210 ▼ | 193 ▼ | 795 ▲ | |||
 Glo DollarBrale | USDGLO | $534,348 ▼ | $0.9994 ▼ | US Dollar | US Treasury DebtBank Deposits - USD | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Abdo Solutions | 20 ▲ | $2,424 ▼ | 27 ▼ | 151 ▲ | ||||||
 Tether MXNtTether Holdings | MXNT | $520,000 ▼ | $0.0260 ▼ | 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 △ | $526,022 △ | 3 △ | 4 △ | ||||||
 Alloy USDTTether Holdings | aUSDT | $396,289 ▲ | $1.0002 ▲ | US Dollar | Commodities - XAUT | British Virgin Islands | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | Swiss Custodian (undisclosed) | BDO Italia | 7 ▼ | $75,123 ▼ | 8 ▼ | 33 ▼ | |||||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $274,978 ▼ | $0.6566 ▲ | 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 | 71 ▲ | $741,977 ▲ | 469 ▲ | 604 ▲ | 2 Addresses | ||
 EUROeMembrane Finance | EUROe | | $273,346 ▼ | $1.1694 ▲ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 34 ▲ | $53,568 ▲ | 9 ▲ | 1,596 △ | 2 Addresses | ||||
VCHF | $189,143 ▲ | $1.2577 ▲ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 7 ▼ | $651,999 ▲ | 11 ▼ | 47 ▲ | |||||||
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $119,001 ▼ | $0 ▼ | Indonesian Rupiah | Bank Deposits - IDR | Bermuda | Singapore Payment Services Act MAS - Monetary Authority of Singapore | — | — | — | — | KK Yap & Associates | — | 2 ▲ | $58,322 △ | 2 △ | 195 △ | ||||
 Open Money USDOpen Money DAO | omUSD | $112,796 ▼ | $0.9999 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | 3 ▼ | $31 ▼ | 4 ▼ | 65 ▼ | ||||
 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 | 2 ▲ | $3,505 △ | 2 △ | 146 △ | |||||
 Verified USDVerified USD | USDV | $55,963 ▲ | $0.3796 ▼ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 7 ▼ | $1,026 ▼ | 8 ▼ | 258 ▲ |
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