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
$243.87B
▲+2.44%from 30d ago
Monthly Transfer Volume
$2.73T
▼4.34%from 30d ago
Monthly Active Addresses
34.83M
▲+15.35%from 30d ago
Holders
171.44M
▲+2.45%from 30d ago
Stablecoin Metrics
Market Caps shows the scale and power law distribution between all stablecoin issuers.
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Market Caps
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as of 07/14/2025
Top Entities
# | Issuer | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 19 | $156,500.1M | ▲2.77% | 64.17% ▲ |
2 |  Circle | 29 | $61,237.5M | ▲2.95% | 25.11% ▲ |
3 |  Sky | 4 | $7,813.3M | ▲3.52% | 3.20% ▲ |
4 |  Ethena | 2 | $5,416.1M | ▼9.51% | 2.22% ▼ |
5 |  Binance | 2 | $4,595.8M | ▲0.01% | 1.88% ▼ |
6 |  Pallas Fund | 4 | $1,449.9M | ▼0.46% | 0.59% ▼ |
7 |  First Digital Labs | 3 | $1,444.7M | ▼3.86% | 0.59% ▼ |
8 |  Paxos | 5 | $1,027.3M | ▼7.61% | 0.42% ▼ |
9 |  USDD Protocol | 1 | $745.2M | ▼0.12% | 0.31% ▼ |
10 | Usual | 1 | $587.5M | ▼4.84% | 0.24% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 07/14/2025
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 |           | $156,485,316,621 ▲ | $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 | 14,695,323 ▲ | $1,027,401,303,288 ▼ | 282,570,469 ▲ | 103,099,226 ▲ | 14 Addresses | |||||
 USDCCircle | USDC |         | $60,986,026,352 ▲ | $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 | 7,544,967 ▲ | $861,758,869,042 ▼ | 308,793,221 ▲ | 25,537,119 ▲ | 24 Addresses | |||||
| USDSSky | USDS | | $7,813,266,645 ▲ | $0.9998 ▼ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 51,584 ▲ | $252,714,112,445 ▼ | 1,357,583 ▼ | 681,465 ▲ | 4 Addresses | ||||
 Ethena USDeEthena | USDe | | $5,416,085,826 ▼ | $1.0001 ▼ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | 5 - Weak | — | — | — | — | — | — | 9,884 ▼ | $57,144,757,507 ▲ | 91,854 ▼ | 34,632 ▲ | 2 Addresses | |
 Binance-Peg USDBinance | BSC-USD | $4,285,433,650 ▲ | $1.0001 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 12,085,984 ▲ | $508,271,116,044 ▼ | 395,678,991 ▼ | 34,874,426 ▲ | |||
 USDtbPallas Fund | USDtb | | $1,449,897,855 ▼ | $0.9998 ▼ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 335 ▲ | $552,869,851 ▲ | 3,197 ▲ | 221 ▲ | 4 Addresses | ||
 First Digital USDFirst Digital Labs | FDUSD | | $1,444,659,103 ▼ | $0.9971 ▼ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 8,116 ▲ | $3,646,951,530 ▲ | 209,574 ▼ | 59,634 ▲ | 3 Addresses | |||||
 Paypal USDPaxos | PYUSD | | $899,746,188 ▼ | $0.9996 ▼ | 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 | 102,903 ▲ | $3,246,005,849 ▼ | 1,639,949 ▼ | 75,330 ▲ | 2 Addresses | |||||
 USDDUSDD Protocol | USDD | $745,158,771 ▼ | $1.0005 ▲ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 211 ▼ | $31,770,548 ▼ | 7,164 ▼ | 135,170 ▼ | |||||||
 Usual USDUsual | USD0 | $587,526,693 ▼ | $0.9976 ▼ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 2,860 ▼ | $808,894,971 ▲ | 27,188 ▲ | 13,005 ▼ | ||||||
 Ripple USDStandard Custody & Trust Company | RLUSD | | $489,357,535 ▲ | $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 | 2,608 ▼ | $2,590,967,596 ▲ | 97,983 ▼ | 33,191 ▲ | 2 Addresses | ||||
 Global DollarPaxos Digital Singapore | USDG | | $356,452,516 ▲ | $0.9998 ▼ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 6,829 ▼ | $2,112,791,756 ▲ | 1,046,511 ▲ | 2,738 ▲ | 2 Addresses | ||
 FRAXFrax Finance | FRAX | | $319,568,891 ▼ | $0.9992 ▼ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 720 ▼ | $189,041,912 ▼ | 17,892 ▼ | 16,915 ▲ | 2 Addresses | ||||
 MM0 | M | | $316,381,786 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | 19 ▼ | $388,401,530 ▲ | 664 ▲ | 56 △ | 2 Addresses | |||
 Binance-Peg BUSDBinance | BSC-BUSD | $310,382,571 ▲ | $0.9999 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 118,276 ▲ | $129,393,522 ▼ | 3,023,654 ▼ | 6,175,039 ▼ | |||
 GHOAave | GHO | $301,063,685 ▲ | $0.9992 ▲ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 3,837 ▲ | $2,245,741,224 ▲ | 36,922 ▲ | 6,006 ▲ | ||||||
 OpenEden OpenDollarOpenEden Digital | USDO | | $295,763,216 ▲ | $1.0002 ▼ | US Dollar | — |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | — | — | — | — | 213 ▲ | $84,407,953 ▼ | 1,293 ▲ | 130 ▲ | 2 Addresses | ||||
 EURCCircle | EURC | | $251,450,966 ▲ | $1.1758 ▲ | 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 | 109,989 ▲ | $1,424,235,599 ▼ | 874,301 ▲ | 42,246 ▼ | 5 Addresses | ||||
 Elixir deUSDElixir | deUSD | | $235,461,898 ▼ | $0.9992 ▲ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 3,133 ▲ | $395,070,138 ▼ | 36,205 ▲ | 6,225 ▲ | 4 Addresses | |||
 Anzen USDzAnzen | USDz |   | $121,082,783 ▼ | $0.9863 ▼ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 43 ▲ | $4,787,008 ▲ | 122 ▲ | 1,161 ▲ | 4 Addresses | |||
 AUSDAgora | AUSD |  | $104,874,721 ▲ | $1.0000 ▲ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 6,405 ▼ | $1,025,908,797 ▼ | 463,470 ▼ | 44,861 ▲ | 4 Addresses | |||
 Avant USDAvant Technology Foundation | avUSD | $90,209,533 ▲ | $0.9999 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 291 ▼ | $218,917,098 ▲ | 30,290 ▼ | 849 ▲ | |||
 Lift DollarPaxos Issuance MENA Ltd | USDL | $77,350,759 ▼ | — | US Dollar | Corporate Bonds+ 3 More |  United Arab Emirates | Abu Dhabi Global Market FSRA - Financial Services Regulatory Authority | — | — | — | Crowe Mak | 214 ▲ | $263,245,066 ▼ | 2,574 ▼ | 231 ▲ | ||||||
 Pax DollarPaxos | USDP | | $69,943,068 ▼ | $0.9999 ▼ | 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 | 3,166 ▼ | $188,051,751 ▲ | 46,909 ▼ | 273,350 ▼ | 2 Addresses | |||||
 Anchored Coins EURAnchored Coins | AEUR | | $64,776,041 ▲ | $1.1464 ▲ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 8 ▲ | $84,454 ▲ | 27 ▲ | 158 ▲ | 2 Addresses | |
 Binance USDPaxos | BUSD | $57,560,784 ▼ | $0.9960 ▼ | 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 | 1,081 ▲ | $12,476,653 ▲ | 5,060 ▲ | 150,157 ▼ | ||||||
 EUR CoinVertibleSociete Generale | EURCV | $49,167,887 ▲ | $1.1761 ▲ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | 3 - Adequate | — | — | — | 8 ▼ | $86,823 ▼ | 112 ▼ | 55 △ | ||||||
 Liquity LUSDLiquity Protocol | LUSD | $40,684,977 ▼ | $1.0023 ▼ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 524 ▼ | $16,915,957 ▼ | 3,497 ▼ | 12,022 ▲ | |||||||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $31,022,986 ▼ | $0.9402 ▼ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 479 ▼ | $20,268,602 ▼ | 5,596 ▼ | 19,936 ▲ | ||||
 Plume USDNucleus | pUSD | $29,471,519 ▼ | $0.9993 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 65,376 ▲ | $268,897,725 ▲ | 3,007,876 ▲ | 65,410 ▲ | |||
 Angle EuroAngle | AGEUR | $21,936,744 ▲ | $1.1748 ▲ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 180 ▼ | $20,394,974 ▼ | 4,457 ▲ | 2,941 ▲ | ||||||
 Mountain USDMountain Protocol | USDM | | $20,769,127 ▼ | $0.9941 ▼ | US Dollar | Public Equity - Treasury ETF+ 4 More | Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 963 ▼ | $4,412,188 ▼ | 14,170 ▼ | 9,457 ▲ | 7 Addresses | |||||
 Z.com USDGMO Trust | ZUSD | | $17,047,652 ▲ | $0.9012 ▲ | 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 | — | 23 ▼ | $319,874 ▲ | 55 ▼ | 658 ▲ | 3 Addresses | ||||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | | $15,913,871 ▼ | $0.7827 ▼ | 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 | |||||
 Gemini DollarGemini | GUSD | $11,375,160 ▼ | $0.9999 ▼ | 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 | 646 ▲ | $69,616,768 ▼ | 2,349 ▼ | 21,703 ▼ | |||||||
 Stasis EuroStasis | EURS |  | $10,695,931 ▼ | $1.1727 ▲ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 244 ▲ | $9,740,680 ▲ | 3,203 ▲ | 6,085 ▲ | 2 Addresses | ||
 Tether EURtTether Holdings | EURT | $10,644,903 ▲ | $1.1644 ▲ | 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 | 298 ▲ | $6,888,951 ▼ | 1,782 ▲ | 2,048 ▲ | |||||||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $8,014,901 ▼ | $0.2399 ▼ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 2 △ | $11 △ | 2 △ | 237 △ | ||||||
 GMO JPYGMO Trust | GYEN | | $7,085,663 ▼ | $0.0049 ▼ | 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 | 217 ▲ | $336,722 ▼ | 794 ▲ | 11,355 ▲ | 3 Addresses | ||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,653,245 ▼ | $0 ▲ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 262 ▲ | $1,661,502 ▲ | 718 ▲ | 11,329 ▲ | 3 Addresses | ||
 Tether CNHtTether Holdings | CNHT | | $2,646,141 ▼ | $0.1291 ▼ | 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 | ||||
 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 ▼ | $201,316,095 ▲ | 1,680 ▼ | 100 ▲ | 3 Addresses | ||
 Transfero: BRZTransfero | BRZ | $2,511,110 ▲ | $0.1794 ▼ | Brazilian Real | Bank Deposits - BRL+ 3 More | Switzerland | — | — | — | — | Transfero Gestão de Ativos Digitais+ 2 More | Carvalho, Machado E Timm Advogados | 10 ▼ | $6,453 ▼ | 18 ▼ | 277 ▲ | |||||
| Fathom DollarFathom DAO | FXD | $1,424,287 ▼ | $0.6365 ▼ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 132 ▲ | $3,350,961 ▼ | 15,658 ▲ | 747 ▲ | ||||
 Tether MXNtTether Holdings | MXNT | $1,110,634 ▲ | $0.0555 ▲ | 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 | $697,974 ▲ | $0.7015 ▲ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 19 ▲ | $51,144 ▼ | 181 ▼ | 795 ▲ | |||
 Glo DollarBrale | USDGLO | $534,720 ▼ | $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 | 19 ▲ | $1,676 ▼ | 27 ▲ | 153 ▲ | ||||||
 Alloy USDTTether Holdings | aUSDT | $394,892 ▼ | $0.9967 ▼ | US Dollar | Commodities - XAUT | 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 StablecoinJuno (a Bitso company) | MXNB | | $343,110 ▼ | $0.0534 ▲ | Mexican Peso | — |  Mexico | — | — | — | — | — | — | BDO | — | 105 ▲ | $191,251,794 ▲ | 14,528 ▼ | 156 ▲ | 3 Addresses | |
VCHF | $315,543 ▲ | $1.2607 ▲ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 9 ▼ | $1,014,265 ▲ | 31 ▲ | 48 ▲ | |||||||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $277,022 ▼ | $0.6615 ▲ | 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 | 60 ▲ | $627,978 ▲ | 431 ▲ | 612 ▲ | 2 Addresses | ||
 EUROeMembrane Finance | EUROe | | $275,021 ▼ | $1.1766 ▲ | Euro | Bank Deposits - EUR |  Finland | Finland Electronic Money Institution (EMI) FSA - Finish Financial Supervisory Authority | — | — | Bank Frick | KPMG | 31 ▼ | $52,652 ▲ | 9 ▲ | 1,598 ▲ | 2 Addresses | ||||
 StraitsX Indonesian RupiahXfers Pte Ltd | XIDR | $123,488 ▲ | $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 | $112,733 ▲ | $0.9993 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | 3 ▼ | $73 ▲ | 5 ▲ | 65 △ | ||||
 Verified USDVerified USD | USDV | $94,674 ▲ | $0.6299 ▲ | US Dollar | — | British Virgin Islands | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | — | — | — | 4 ▼ | $31 ▼ | 6 ▼ | 258 ▲ | ||||||
 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 | 1 △ | $810 ▼ | 1 △ | 146 △ |
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