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

$297.68B

+0.61%from 30d ago

Monthly Transfer Volume

$4.95T

+33.66%from 30d ago

Monthly Active Addresses

37.12M

+25.66%from 30d ago

Holders

201.82M

+2.99%from 30d ago

Stablecoin Metrics

Market Caps shows the scale and power law distribution between all stablecoin issuers.

Show % of Total

Group By

Stablecoin Market Caps

Group By

as of 11/12/2025

Stablecoin League Table

#
Platform
RWA Count
Market Cap
30D%
Market Share
1
5
$181.4B
1.74%
60.94%
2
2
$73.3B
0.69%
24.64%
3
2
$10.3B
29.14%
3.45%
4
1
$9.9B
13.03%
3.34%
5
2
$4.6B
0.26%
1.54%
6
4
$4.3B
24.10%
1.43%
7
1
$2.8B
5.89%
0.94%
8
3
$2.0B
11.20%
0.69%
9
2
$1.5B
2.89%
0.50%
10
1
$1.1B
2.46%
0.37%

Top Net Flows

As of 11/12/2025

Stablecoins

78 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
Platform
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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Trailing 30D Active Addresses
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Monthly Transfer Volume
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Tether USDt IconTether USDtTether Holdings
USDT
TRON LogoSolana LogoPolygon LogoPlume LogoOptimism LogoNEAR LogoEthereum LogoCelo LogoAvalanche LogoArbitrum LogoAptos Logo
$183,990,161,599
$0.9996
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
16,821,771
$1,963,373,924,971
366,647,725
119,385,176
15 Addresses
USDC IconUSDCCircle International
USDC
ZKsync Era LogoXRP Ledger LogoXDC LogoTRON LogoStellar LogoSolana LogoPolygon LogoPlume LogoOptimism LogoNoble LogoNEAR LogoMANTRA LogoHedera Hashgraph LogoEthereum LogoCelo LogoBase LogoBNB Chain LogoAvalanche LogoArbitrum LogoAptos Logo
$73,727,812,428
$0.9998
Bermuda Flag

Bermuda

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

2 - Strong
The Bank of New York Mellon
Deloitte
10,788,435
$2,413,827,332,690
419,372,683
33,729,024
28 Addresses
USDS IconUSDSSky
USDS
Solana LogoPolygon LogoNEAR LogoEthereum Logo
$10,580,980,448
$0.9999
Structured Credit+ 4 More

N/A

Non-Regulated

4 - Constrained
659,869
$132,805,130,258
48,611,844
3,066,994
5 Addresses
USDe
Solana LogoEthereum LogoAvalanche Logo
$8,449,101,736
$0.9989
Derivatives - Short ETH PerpsCryptocurrencies - ETH

N/A

Non-Regulated

5 - Weak
20,151
$37,749,614,977
262,032
47,673
3 Addresses
BSC-USD
$4,282,229,616
$0.9994
7,982,426
$326,558,210,126
266,305,652
37,761,521
PYUSD
Stellar LogoSolana LogoEthereum Logo
$3,162,879,409
$0.9998
Money Market - RRP+ 2 More
United States of America Flag

United States of America

German Electronic Securities Act

BMF - German Federal Ministry of Finance

BMO Harris Bank N.A.+ 2 More
WithumSmith+Brown
84,216
$31,056,282,603
1,993,692
107,214
3 Addresses
USD1 IconUSD1BitGo
USD1
TRON LogoSolana LogoPlume LogoEthereum LogoBNB Chain LogoAptos Logo
$2,815,914,682
$0.9992
United States of America Flag

United States of America

GENIUS Act

All reserve assets are held or maintained by BitGo Trust Company+ 6 More
Crowe LLP
507,232
$13,028,064,265
21,777,170
450,532
6 Addresses
USDtb IconUSDtbAnchorage Digital Bank
USDtb
Solana LogoEthereum LogoBase LogoArbitrum Logo
$1,831,174,985
$0.9987
US Treasury Debt - BUIDL
United States of America Flag

United States of America

OCC National Bank Charter (Federal Prudential Supervision)

Office of the Comptroller of the Currency (OCC)

489
$444,243,965
5,396
606
4 Addresses
First Digital USD IconFirst Digital USDFD121 (BVI) Limited
FDUSD
Solana LogoEthereum LogoBNB Chain Logo
$1,101,439,612
$0.9971
Money Market - RRP+ 2 More
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

4 - Constrained
First Digital Trust
Prescient Assurance LLC.
3,562
$1,604,554,051
130,194
64,568
3 Addresses
Ripple USD IconRipple USDStandard Custody & Trust Company
RLUSD
XRP Ledger LogoEthereum Logo
$1,044,732,745
$0.9996
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
4,805
$5,661,093,334
471,068
38,529
2 Addresses
Global Dollar IconGlobal DollarPaxos Digital Singapore
USDG
Solana LogoEthereum Logo
$989,105,651
$0.9998
US Treasury Debt+ 2 More
Singapore Flag

Singapore

8,983
$5,990,015,247
1,118,751
9,124
2 Addresses
M IconMM0
M
Plume LogoEthereum Logo
$783,304,337
$1.0000

N/A

29
$567,293,963
2,182
76
2 Addresses
USDD IconUSDDUSDD Protocol
USDD
$743,331,381
$0.9996
CryptocurrenciesStablecoins

Non-Regulated

Huobi Exchange
176
$2,754,417
2,934
135,191
USDai IconUSDaiUSDai Protocol
USDai
$584,468,774
$1.0042

Non-Regulated

3,451
$489,653,125
55,886
3,112
USD0
$546,360,778
$0.9980
Money Market - USYC
France Flag

France

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

1,723
$417,052,420
15,166
11,170
GHO IconGHOAave
GHO
$427,780,395
$0.9993
US Treasury Debt - TokenizedCryptocurrencies

N/A

Non-Regulated

BNY Mellon Pershing
3,498
$3,233,056,478
52,156
7,321
EURC IconEURCCircle
EURC
Stellar LogoSolana LogoEthereum LogoBase LogoAvalanche Logo
$320,302,323
$1.1559
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
35,140
$2,348,957,844
1,681,396
59,653
5 Addresses
BSC-BUSD
$311,123,958
$1.0023
32,218
$1,132,532,299
1,628,099
6,178,305
FRAX IconFRAXFrax Finance
FRAX
NEAR LogoEthereum Logo
$294,393,954
$0.9938
Money Market - Fund+ 4 More

N/A

Non-Regulated

5 - Weak
Lead Bank
1,260
$331,885,026
46,168
18,006
2 Addresses
USX IconUSXUSX Limited
USX
$276,816,378
$1.0003
British Virgin Islands Flag

British Virgin Islands

British Virgin Islands Securities and Investment Business Act

FSC - British Virgin Islands Financial Services Commission

32,747
$795,264,172
279,318
24,256
USR IconUSRResolv
USR
Ethereum LogoBase LogoBNB Chain LogoArbitrum Logo
$226,195,765
$0.9997
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

1,504
$490,723,581
239,332
11,579
4 Addresses
OpenEden OpenDollar IconOpenEden OpenDollarOpenEden Digital
USDO
Ethereum LogoBase Logo
$213,218,728
$0.9987
Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

Agio iconAgio
164
$29,315,623
773
268
2 Addresses
AUSD IconAUSDAgora
AUSD
Solana LogoPolygon LogoMantle LogoEthereum LogoAvalanche Logo
$149,020,784
$0.9998
Bank Deposits - USD+ 2 More
British Virgin Islands Flag

British Virgin Islands

State Street
20,707
$1,254,246,860
566,832
56,942
5 Addresses
USDz
Manta Pacific LogoEthereum LogoBlast LogoBase Logo
$114,209,483
$0.9889
Private Credit - sPCT
British Virgin Islands Flag

British Virgin Islands

Non-Regulated

32
$1,247,313
117
1,243
4 Addresses
Avant USD IconAvant USDAvant Technology Foundation
avUSD
$73,078,550
$0.9985
664
$502,952,906
41,799
996
USDP
Solana LogoEthereum Logo
$57,686,398
$0.9996
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
3,971
$164,195,798
59,362
274,165
2 Addresses
Anchored Coins EUR IconAnchored Coins EURAnchored Coins
AEUR
Ethereum LogoBNB Chain Logo
$56,396,155
$1.1892
Switzerland Flag

Switzerland

4
$1,269
10
163
2 Addresses
BUSD
$54,789,780
$0.9957
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
787
$11,087,431
4,990
125,020
EUR CoinVertible IconEUR CoinVertibleSociete Generale
EURCV
Solana LogoEthereum Logo
$52,339,577
$1.1557
Bank Deposits - EUR
France Flag

France

France Digital Asset Service Provider (DASP) under PACTE Law

AMF - French Autorité des Marchés Financiers

3 - Adequate
277
$168,193,866
3,555
232
2 Addresses
Quantoz USDQ IconQuantoz USDQQuantoz Payments
USDQ
$50,974,990
$0.9995
Netherlands Flag

Netherlands

150
$4,154,254
3,663
269
Liquity LUSD IconLiquity LUSDLiquity Protocol
LUSD
$37,272,485
$0.9992
Cryptocurrencies - ETH

N/A

Non-Regulated

538
$15,056,620
4,985
12,195
reUSD IconreUSDResilience BVI Ltd.
reUSD
Ethereum LogoBase LogoAvalanche LogoArbitrum Logo
$37,250,368
$1.0425
British Virgin Islands Flag

British Virgin Islands

British Virgin Islands Securities and Investment Business Act

FSC - British Virgin Islands Financial Services Commission

Grant Thornton (Cayman)
462
$127,350,561
6,754
313
4 Addresses
Plume USD IconPlume USDNucleus
pUSD
$35,941,023
$1.0012
74,421
$862,382,050
2,439,708
90,727
Synthetix sUSD IconSynthetix sUSDSynthentix Protocol Governed by Synthetix DAO
sUSD
$35,513,407
$0.9729
Cryptocurrencies - SNX

N/A

Non-Regulated

642
$108,912,673
18,156
20,102
EURA
$29,650,217
$1.1562
Corporate Bonds+ 2 More

N/A

Non-Regulated

WithumSmith+Brown
237
$42,010,891
4,651
2,991
Ondo U.S. Dollar Token IconOndo U.S. Dollar TokenOndo Global Markets
USDon
Ethereum LogoBNB Chain Logo
$27,260,373
$1.0000
British Virgin Islands Flag

British Virgin Islands

British Virgin Islands Securities and Investment Business Act

FSC - British Virgin Islands Financial Services Commission

BPM UK Audit Ltd
8,041
$293,616,517
586,633
7,091
2 Addresses
XSGD
Polygon LogoHedera Hashgraph LogoEthereum LogoAvalanche Logo
$17,905,429
$0.7689
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
307
$0
0
8,245
4 Addresses
Quantoz EURQ IconQuantoz EURQQuantoz Payments
EURQ
$17,322,458
$1.1548
Netherlands Flag

Netherlands

118
$1,526,285
551
233
Braza USDB IconBraza USDBBraza Bank
USDB
$14,086,230
$1.0000
Brazil Flag

Brazil

17
$21,148,084
5,360
22
Bean IconBeanBeanstalk Protocol Governed by Beanstalk DAO
BEAN
$11,465,511
$0.3432
Cryptocurrencies - "Pods" Beanstalk Debt

Non-Regulated

9
$718
16
233
EURS
XDC LogoStellar LogoPolygon LogoEthereum Logo
$11,343,929
$1.1485
Malta Flag

Malta

EXT LTD+ 2 More
BDO Malta
496
$8,754,857
17,366
8,217
4 Addresses
EURØP IconEURØPSchuman Financial
EUROP
XRP Ledger LogoPolygon LogoEthereum LogoAvalanche Logo
$9,735,567
$1.1559
Switzerland Flag

Switzerland

KPMG
158
$7,496,815
56,823
201
4 Addresses
Tether EURt IconTether EURtTether Holdings
EURT
$9,344,540
$1.1535
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
259
$1,950,728
1,161
2,243
AUDD
XRP Ledger LogoXDC LogoStellar LogoSolana LogoHedera Hashgraph LogoEthereum LogoBase Logo
$7,415,717
$0.6532
Australia Flag

Australia

Australian Digital Currency Exchange

AUSTRAC - Australian Transaction Reports and Analysis Centre

William Buck Australia
77
$73,517
746
795
7 Addresses
USP
$6,532,579
$0.9785
Republic of the Marshall Islands Flag

Republic of the Marshall Islands

Non-Regulated

49
$2,296,985
578
55
GMO JPY IconGMO JPYGMO Trust
GYEN
Stellar LogoSolana LogoEthereum Logo
$6,472,492
$0.0060
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
124
$542,471
621
11,742
3 Addresses
Tether MXNt IconTether MXNtTether Holdings
MXNT
$6,150,378
$0.3075
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
BBRL IconBBRLBraza Bank
BBRL
$5,136,454
$0.1838
Brazil Flag

Brazil

Brazilian Virtual Assets Law

BCB - Banco Central do Braasil

64
$443,106,680
6,856
45
Mountain USD IconMountain USDMountain Protocol
USDM
ZKsync Era LogoPolygon LogoOptimism LogoEthereum LogoBase LogoAvalanche LogoArbitrum Logo
$4,196,300
$1.0007
Public Equity - Treasury ETF+ 4 More
Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

3 - Adequate
Nephos Group
126
$69,414
515
9,320
7 Addresses
RupiahToken IconRupiahTokenPT Rupiah Token Indonesia
IDRT
Polygon LogoEthereum LogoBNB Chain Logo
$3,568,356
$0
Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
109
$302,135
245
11,371
3 Addresses
SBC
Stellar LogoSolana LogoPolygon LogoOptimism LogoEthereum LogoCelo LogoBase LogoAvalanche LogoArbitrum Logo
$3,490,171
$0.9999
United States of America Flag

United States of America

U.S. State Money Transmitter Licensing

118
$10,093,767
1,503
2,307
9 Addresses
USDGLO
Stellar LogoPolygon LogoOptimism LogoEthereum LogoCelo LogoBase LogoAlgorand Logo
$3,087,438
$0.9997
United States of America Flag

United States of America

U.S. State Money Transmitter Licensing

784
$2,505,674
103,570
9,058
7 Addresses
Origin Dollar IconOrigin DollarOrigin Protocol
OUSD
$2,741,675
$0.9989

Non-Regulated

151
$11,547,730
7,295
2,212
Falcon USD IconFalcon USDFalcon Finance
USDf
Ethereum LogoBNB Chain Logo
$2,681,807
$1.0003

Non-Regulated

Harris & Trotter
1,284
$424,136,787
17,584
398
2 Addresses
BRZ IconBRZTransfero
BRZ
Polygon LogoEthereum Logo
$2,622,961
$0.1874
Switzerland Flag

Switzerland

Digital Assets and Registered Exchanges Act (DARE Act) — The Bahamas

Securities Commission of The Bahamas (SCB)

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
27
$77,292
38
280
2 Addresses
Forte AUD IconForte AUDForte Securities Australia Pty Limited
AUDF
Polygon LogoEthereum LogoAvalanche Logo
$2,585,882
$0.6269
Bank Deposits - AUD
Australia Flag

Australia

Australian Financial Services License

ASIC - Australian Securities & Investments Commission

MVA Bennett
9
$10,530,434
18
104
3 Addresses
VCHF
Stellar LogoSolana LogoPolygon LogoEthereum LogoBase LogoAvalanche LogoArbitrum Logo
$2,566,545
$1.2459
Liechtenstein Flag

Liechtenstein

Liechtenstein Blockchain Act

FMA - Liechtenstein Financial Market Authority

Philoro Edelmetallhandel AG
AREVA AG
576
$18,425,084
134,670
1,084
7 Addresses
COPM IconCOPMMinteo
COPM
Polygon LogoCelo Logo
$2,198,135
$0.0003
Bermuda Flag

Bermuda

BDO
486
$190,770,338
20,596
318
2 Addresses
BRLA
$2,105,554
$0.1874
Brazil Flag

Brazil

Brazilian Virtual Assets Law

BCB - Banco Central do Braasil

474
$0
0
14,656
MXNB - Mexican peso stablecoin IconMXNB - Mexican peso stablecoinJuno (a Bitso company)
MXNB
Polygon LogoEthereum LogoAvalanche LogoArbitrum Logo
$1,996,006
$0.0542
Mexico Flag

Mexico

El Salvador Digital Asset Law

CNAD - El Salvador National Commission of Digital Assets

164
$15,970,188
9,290
358
4 Addresses
Fathom Dollar IconFathom DollarFathom DAO
FXD
$1,700,751
$0.8813
Cryptocurrencies - XDC

N/A

Non-Regulated

35
$94,846
905
750
Tether CNHt IconTether CNHtTether Holdings
CNHT
TRON LogoEthereum Logo
$1,537,760
$0.0750
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
5
$16
5
59
2 Addresses
VEUR
Stellar LogoSolana LogoPolygon LogoEthereum LogoBase LogoAvalanche Logo
$1,530,082
$1.1556
Liechtenstein Flag

Liechtenstein

Liechtenstein Blockchain Act

FMA - Liechtenstein Financial Market Authority

OZL Offenes Zollager in Liechtenstein AG
AREVA AG
353
$11,634,655
102,297
1,030
6 Addresses
BRL1 IconBRL1BRL1
BRL1
$1,498,037
$0.1838
Brazil Flag

Brazil

Brazilian Virtual Assets Law

BCB - Banco Central do Braasil

74
$123,021,049
8,659
117
GUSD
$1,462,354
$0.9996
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
474
$63,673,777
2,312
21,587
Z.com USD IconZ.com USDGMO Trust
ZUSD
Stellar LogoSolana LogoEthereum Logo
$1,047,566
$0.9057
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
12
$4,709
18
671
3 Addresses
deUSD
Plume LogoEthereum LogoAvalanche Logo
$979,715
$0.0065
Stablecoins - sDAI+ 3 More
British Virgin Islands Flag

British Virgin Islands

Ceffu Copper Clearloop
3,181
$861,078,673
29,567
5,990
4 Addresses
Alloy USDT IconAlloy USDTTether Holdings
aUSDT
$864,054
$1.0007
Commodities - XAUT
British Virgin Islands Flag

British Virgin Islands

U.S. Money Services Business

FinCEN - Financial Crimes Enforcement Network

Swiss Custodian (undisclosed)
BDO Italia
31
$852,732
97
58
Synthetix sEUR IconSynthetix sEURSynthentix Protocol Governed by Synthetix DAO
sEUR
$474,724
$0.4771
Cryptocurrencies - SNX

N/A

Non-Regulated

16
$134,972
358
802
mZAR IconmZARMesh
mZAR
$460,949
$0.0583
Netherlands Flag

Netherlands

$0
0
432
EUROe IconEUROeMembrane Finance
EUROe
Solana LogoEthereum Logo
$262,912
$1.1669
Bank Deposits - EUR
Finland Flag

Finland

Finland Electronic Money Institution (EMI)

FSA - Finish Financial Supervisory Authority

Bank Frick
KPMG
31
$49
11
1,601
2 Addresses
MXNe
Stellar LogoSolana LogoBase Logo
$256,964
$0.0541
United States of America Flag

United States of America

U.S. State Money Transmitter Licensing

131
$2,632,720
3,697
560
3 Addresses
XIDR
$117,845
$0
Bank Deposits - IDR
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
1
$67,083
1
196
Open Money USD IconOpen Money USDOpen Money DAO
omUSD
$112,724
$0.9992
4
$166
12
65
Frontier Stable Token IconFrontier Stable TokenThe State of Wyoming - Wyoming Stable Token Commission
FRNT
Solana LogoPolygon LogoOptimism LogoEthereum LogoBase LogoAvalanche LogoArbitrum Logo
$100,587
$1.0000
The Network Firm iconThe Network Firm
7
$4
3
15
7 Addresses
Poundtoken IconPoundtokenBlackfridge SC Limited
1GBP
$60,271
$1.3172
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
9
$356
18
148
Verified USD IconVerified USDVerified USD
USDV
$15,255
$0.1000
British Virgin Islands Flag

British Virgin Islands

Singapore Securities and Futures Act Section 275 Exemption

MAS - Monetary Authority of Singapore

6
$913
15
263
R2USD IconR2USDR2 Protocol
$R2USD
$25
$1.0000
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British Virgin Islands

British Virgin Islands Securities and Investment Business Act

FSC - British Virgin Islands Financial Services Commission

4
$2,272
10
1