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

$160.188 B

+0.88%from 30d ago

% of M2 Money Supply

0.77%

+0.88%from 30d ago

Monthly Transfer Volume

$2,155.561 B

13.29%from 30d ago

Monthly Active Addresses

17,806,635

1.06%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 05/19/2024

League Tables

Rank
Issuer
Market Cap
30D %
1
Tether
$115,559.92 M
1.65%
2
Circle
$30,457.24 M
2.71%
3
MakerDAO
$5,049.62 M
0.61%
4
First Digital Labs
$3,599.83 M
0.32%
5
Ethena
$2,438.67 M
3.06%
6
Paxos
$1,036.87 M
25.00%
7
USDD Protocol
$724.28 M
2.22%
8
Frax Finance
$648.1 M
0.09%
9
Techteryx
$271.92 M
0.20%
10
Gemini
$198.06 M
74.18%

Stablecoin Payment Corridors

View cross-border stablecoin payment corridors between different countries.

Get Access to Payment Corridor Metrics

as of 05/19/2024

Stablecoins

36 Total

Click a row 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
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Auditor
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Transparency
Monthly Active Addresses
Monthly Transfer Volume
Monthly Transfer Count
Holders
Contract Address
$USDT
TRON LogoSolana LogoEthereum LogoBinance Smart Chain LogoAvalanche Logo
$115,510,591,956
$1.0003

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
14,871,292
$575,606,896,422
114,916,103
78,344,174
5 Addresses
Circle
$USDC
TRON LogoStellar LogoSolana LogoPolygon LogoOptimism LogoNoble LogoEthereum LogoBinance Smart Chain LogoBase LogoAvalanche LogoArbitrum Logo
$30,430,290,606
$1.0002

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
2,758,437
$1,538,255,236,232
111,080,951
10,469,991
11 Addresses
MakerDAO
$DAI
Ethereum Logo

Ethereum

$5,049,617,986
$1.0008

US Dollar

Structured Credit+ 4 More

Non-Regulated

4 - Constrained
27,723
$17,978,956,052
187,182
621,666
First Digital Labs
$FDUSD
Ethereum LogoBinance Smart Chain Logo
$3,599,834,514
$1.0002

US Dollar

Money Market - RRP+ 2 More
Hong Kong Flag

Hong Kong

Non-Regulated

4 - Constrained
First Digital Trust
Prescient Assurance LLC.
35,559
$12,716,805,184
142,723
46,235
2 Addresses
$USDe
Ethereum Logo

Ethereum

$2,438,671,333
$1.0020

US Dollar

Derivatives - Short ETH PerpsCryptocurrencies - ETH

Non-Regulated

17,085
$5,918,834,371
68,632
15,958
USDD Protocol
$USDD
TRON Logo

TRON

$724,278,339
$0.9975

US Dollar

CryptocurrenciesStablecoins

Non-Regulated

Huobi Exchange
1,895
$67,879,820
11,613
132,933
Frax Finance
$FRAX
Ethereum Logo

Ethereum

$648,096,206
$0.9985

US Dollar

Money Market - Fund+ 4 More

Non-Regulated

5 - Weak
Lead Bank
1,293
$1,084,329,148
19,033
12,466
$BUSD
Ethereum LogoBinance Smart Chain Logo
$492,371,221
$1.0014

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
77,259
$585,502,594
3,675,728
6,027,372
2 Addresses
$PYUSD
Ethereum Logo

Ethereum

$398,643,972
$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
4,504
$921,824,900
25,493
8,878
$GUSD
Ethereum Logo

Ethereum

$198,056,092
$0.9999

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
5,675
$704,681,748
14,551
23,542
$USDP
Ethereum Logo

Ethereum

$145,852,455
$1.0005

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
932
$435,185,301
3,993
118,265
Liquity Protocol
$LUSD
Ethereum Logo

Ethereum

$112,369,254
$1.0015

US Dollar

Cryptocurrencies - ETH

Non-Regulated

925
$265,963,073
4,823
11,802
Aave
$GHO
Ethereum Logo

Ethereum

$57,803,023
$1.0007

US Dollar

US Treasury Debt - TokenizedCryptocurrencies

Non-Regulated

BNY Mellon Pershing
997
$375,762,206
8,404
1,677
Beanstalk Protocol Governed by Beanstalk DAO
$BEAN
Ethereum Logo

Ethereum

$44,873,770
$0.9741

US Dollar

Cryptocurrencies - "Pods" Beanstalk Debt

Non-Regulated

98
$5,671,456
1,583
266
Mountain Protocol
4.94%
$USDM
Polygon LogoEthereum Logo
$43,795,117
$0.9987

US Dollar

Public Equity - Treasury ETF+ 4 More
Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

3 - Adequate
Nephos Group
141
$68,665,660
1,193
262
2 Addresses
$EURT
Ethereum Logo

Ethereum

$43,058,352
$1.0778

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
272
$25,009,006
1,923
1,458
Synthentix Protocol Governed by Synthetix DAO
$sUSD
Ethereum Logo

Ethereum

$41,159,021
$0.9821

US Dollar

Cryptocurrencies - SNX

Non-Regulated

382
$116,282,778
3,159
18,406
$EURS
Ethereum Logo

Ethereum

$37,657,880
$1.0858

Euro

Bank Deposits - EUR
Malta Flag

Malta

Malta Virtual Financial Assets (VFA) Framework

MFSA - Malta Financial Services Authority

EXT LTD+ 2 More
BDO Malta
187
$18,201,040
933
5,859
$TRYB
Ethereum Logo

Ethereum

$36,341,069
$0.0307

Turkish Lira

Bank Deposits - TRY
Turkey Flag

Turkey

Non-Regulated

BiLira Teknoloji A.Ş.
Corpus Denetim ve Yeminili Mali Musavirlik AS
83
$274,535,697
376
910
Circle
$EURC
Ethereum LogoAvalanche Logo
$26,947,301
$1.0823

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
602
$50,897,813
2,855
3,232
2 Addresses
$AGEUR
Ethereum Logo

Ethereum

$23,425,483
$1.0805

Euro

Corporate Bonds+ 2 More

Non-Regulated

WithumSmith+Brown
230
$46,570,817
3,381
2,925
$XSGD
Ethereum Logo

Ethereum

$19,361,998
$0.7442

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
608
$17,979,919
1,659
2,799
GMO Trust
$ZUSD
Stellar LogoEthereum Logo
$18,888,722
$1.0071

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
37
$1,298
47
681
2 Addresses
GMO Trust
$GYEN
Stellar LogoEthereum Logo
$13,605,761
$0.0064

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
124
$3,188,666
405
10,638
2 Addresses
Societe Generale
$EURCV
Ethereum Logo

Ethereum

$12,134,782
$1.0875

Euro

Bank Deposits - EUR
France Flag

France

France Digital Asset Service Provider (DASP) under PACTE Law

AMF - French Autorité des Marchés Financiers

1
$0
0
8
$CNHT
TRON LogoEthereum Logo
$6,272,529
$0.1398

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
PT Rupiah Token Indonesia
$IDRT
Polygon LogoEthereum LogoBinance Smart Chain Logo
$2,905,701
$0

Indonesian Rupiah

Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
88
$4,484,694
248
10,385
3 Addresses
$BRZ
Ethereum Logo

Ethereum

$2,727,665
$0.1933

Brazilian Real

Bank Deposits - BRL+ 3 More
Switzerland Flag

Switzerland

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
21
$898,586
169
109
$MXNT
Ethereum Logo

Ethereum

$2,057,692
$0.0605

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
Verified USD
$USDV
Ethereum Logo

Ethereum

$1,713,254
$0.9995

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)
70
$7,281,915
672
330
$AUDD
Stellar LogoEthereum Logo
$1,172,070
$0.6848

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
16
$282,624
66
418
2 Addresses
Synthentix Protocol Governed by Synthetix DAO
$sEUR
Ethereum Logo

Ethereum

$1,083,146
$1.0886

Euro

Cryptocurrencies - SNX

Non-Regulated

17
$1,555,870
142
775
Membrane Finance
$EUROe
Ethereum Logo

Ethereum

$808,450
$1.0824

Euro

Bank Deposits - EUR
Finland Flag

Finland

Finland Electronic Money Institution (EMI)

FSA - Finish Financial Supervisory Authority

Bank Frick
KPMG
30
$1,010,647
162
138
$USDGLO
Ethereum Logo

Ethereum

$796,036
$0.9979

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
20
$121,710
25
99
$XIDR
Ethereum Logo

Ethereum

$322,176
$0

Indonesian Rupiah

Bank Deposits - IDR
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
24
$403,516
100
200
$VCHF
Ethereum Logo

Ethereum

$79,244
$1.1116

Swiss Franc

Commodities - Gold
Liechtenstein Flag

Liechtenstein

Liechtenstein Blockchain Act

FMA - Liechtenstein Financial Market Authority

OZL Offenes Zollager in Liechtenstein AG
AREVA AG
5
$326
8
24

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