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
$243.89B
▲+2.44%from 30d ago
Monthly Transfer Volume
$2.75T
▼4.67%from 30d ago
Monthly Active Addresses
34.93M
▲+16.05%from 30d ago
Holders
171.34M
▲+2.47%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 07/13/2025
Top Entities
# | Issuer | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Tether Holdings | 19 | $156,502.6M | ▲2.76% | 64.17% ▲ |
2 |  Circle | 29 | $61,247.6M | ▲2.91% | 25.11% ▲ |
3 |  Sky | 4 | $7,807.4M | ▲3.77% | 3.20% ▲ |
4 |  Ethena | 2 | $5,422.7M | ▼9.46% | 2.22% ▼ |
5 |  Binance | 2 | $4,597.9M | ▼0.04% | 1.89% ▼ |
6 |  Pallas Fund | 4 | $1,456.5M | ▼0.07% | 0.60% ▼ |
7 |  First Digital Labs | 3 | $1,446.4M | ▼3.59% | 0.59% ▼ |
8 |  Paxos | 5 | $1,027.3M | ▼7.54% | 0.42% ▼ |
9 |  USDD Protocol | 1 | $745.2M | ▼0.09% | 0.31% ▼ |
10 | Usual | 1 | $588.0M | ▼4.77% | 0.24% ▼ |
Stablecoin Payment Corridors
View cross-border stablecoin payment corridors between different countries.
Get Access to Payment Corridor Metrics
as of 07/13/2025
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 |           | $156,487,995,258 ▲ | $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 | 14,783,576 ▲ | $1,042,816,813,115 ▼ | 282,408,564 ▲ | 103,055,188 ▲ | 14 Addresses | |||||
 USDCCircle | USDC |         | $60,995,719,662 ▲ | $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 | 7,552,252 ▲ | $869,974,694,997 ▼ | 307,406,411 ▲ | 25,522,538 ▲ | 24 Addresses | |||||
| USDSSky | USDS | | $7,807,410,540 ▲ | $1.0003 ▲ | US Dollar | Structured Credit+ 4 More | N/A | Non-Regulated | 4 - Constrained | — | — | — | 52,408 ▲ | $251,952,996,284 ▼ | 1,369,882 ▼ | 681,221 ▲ | 4 Addresses | ||||
 Ethena USDeEthena | USDe | | $5,422,680,884 ▼ | $1.0014 ▲ | US Dollar | Derivatives - Short ETH PerpsCryptocurrencies - ETH | N/A | Non-Regulated | 5 - Weak | — | — | — | — | — | — | 9,988 ▼ | $56,609,778,236 ▲ | 92,254 ▼ | 34,588 ▲ | 2 Addresses | |
 Binance-Peg USDBinance | BSC-USD | $4,287,220,144 ▼ | $1.0005 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 12,091,894 ▲ | $507,973,150,239 ▼ | 394,212,365 ▼ | 34,841,220 ▲ | |||
 USDtbPallas Fund | USDtb | | $1,456,469,416 ▼ | $0.9997 ▼ | US Dollar | US Treasury Debt - BUIDL | British Virgin Islands | — | — | — | — | — | — | — | 333 ▲ | $542,727,253 ▲ | 3,146 ▲ | 220 ▲ | 4 Addresses | ||
 First Digital USDFirst Digital Labs | FDUSD | | $1,446,373,880 ▼ | $0.9983 ▲ | US Dollar | Money Market - RRP+ 2 More |  Hong Kong | Non-Regulated | 4 - Constrained | First Digital Trust | Prescient Assurance LLC. | 8,199 ▲ | $3,699,178,488 ▲ | 213,258 ▼ | 59,621 ▲ | 3 Addresses | |||||
 Paypal USDPaxos | PYUSD | | $899,684,125 ▼ | $0.9995 ▲ | 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 | 100,575 ▲ | $3,340,789,164 ▼ | 1,641,440 ▼ | 75,190 ▲ | 2 Addresses | |||||
 USDDUSDD Protocol | USDD | $745,207,000 ▼ | $1.0004 ▲ | US Dollar | CryptocurrenciesStablecoins | — | Non-Regulated | — | Huobi Exchange | — | 205 ▼ | $34,943,860 ▼ | 7,600 ▼ | 135,172 ▼ | |||||||
 Usual USDUsual | USD0 | $588,033,787 ▼ | $0.9979 ▼ | US Dollar | Money Market - USYC |  France | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | — | — | — | — | 2,880 ▼ | $832,796,678 ▲ | 27,258 ▲ | 13,010 ▼ | ||||||
 Ripple USDStandard Custody & Trust Company | RLUSD | | $489,232,392 ▲ | $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 | 2,737 ▼ | $2,682,271,991 ▲ | 101,647 ▼ | 33,161 ▲ | 2 Addresses | ||||
 Global DollarPaxos Digital Singapore | USDG | | $356,529,349 ▲ | $1.0000 ▼ | US Dollar | US Treasury Debt+ 2 More |  Singapore | — | — | — | — | — | — | — | 6,734 ▼ | $2,119,233,718 ▲ | 1,028,738 ▲ | 2,697 ▲ | 2 Addresses | ||
 FRAXFrax Finance | FRAX | | $319,580,041 ▼ | $0.9993 ▲ | US Dollar | Money Market - Fund+ 4 More | N/A | Non-Regulated | 5 - Weak | — | Lead Bank | — | 731 ▼ | $200,988,725 ▼ | 17,958 ▼ | 16,913 ▲ | 2 Addresses | ||||
 MM0 | M | | $316,381,690 ▲ | $1.0000 △ | US Dollar | — | N/A | — | — | — | — | — | — | 19 ▼ | $387,824,302 ▲ | 713 ▲ | 56 △ | 2 Addresses | |||
 Binance-Peg BUSDBinance | BSC-BUSD | $310,661,592 ▲ | $1.0008 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 118,059 ▲ | $135,464,184 ▼ | 3,028,801 ▼ | 6,174,921 ▼ | |||
 GHOAave | GHO | $301,108,776 ▲ | $0.9995 ▲ | US Dollar | US Treasury Debt - TokenizedCryptocurrencies | N/A | Non-Regulated | — | BNY Mellon Pershing | — | — | 3,895 ▲ | $2,253,134,228 ▲ | 36,852 ▲ | 5,977 ▲ | ||||||
 OpenEden OpenDollarOpenEden Digital | USDO | | $295,779,317 ▲ | $1.0003 ▼ | US Dollar | — |  Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | — | — | — | — | 216 ▲ | $91,687,281 ▼ | 1,310 ▲ | 131 ▲ | 2 Addresses | ||||
 EURCCircle | EURC | | $251,865,522 ▲ | $1.1746 ▲ | 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 | 108,155 ▲ | $1,462,024,339 ▼ | 880,627 ▲ | 42,117 ▼ | 5 Addresses | ||||
 Elixir deUSDElixir | deUSD | | $235,591,673 ▼ | $0.9992 ▼ | US Dollar | Stablecoins - sDAI+ 3 More | British Virgin Islands | — | — | — | Ceffu Copper Clearloop | — | — | 3,220 ▲ | $457,954,989 ▼ | 35,678 ▲ | 6,208 ▲ | 4 Addresses | |||
 Anzen USDzAnzen | USDz |   | $121,496,753 ▼ | $0.9897 ▼ | US Dollar | Private Credit - sPCT | British Virgin Islands | Non-Regulated | — | — | — | — | — | 43 ▲ | $4,784,110 ▲ | 127 ▲ | 1,161 ▲ | 4 Addresses | |||
 AUSDAgora | AUSD |  | $104,994,880 ▲ | $0.9997 ▼ | US Dollar | Bank Deposits - USD+ 2 More | British Virgin Islands | — | — | — | State Street | — | — | 6,376 ▼ | $1,054,596,787 ▼ | 463,544 ▼ | 44,860 ▲ | 4 Addresses | |||
 Avant USDAvant Technology Foundation | avUSD | $90,252,604 ▲ | $1.0004 ▲ | US Dollar | — | — | — | — | — | — | — | — | — | — | 289 ▼ | $221,594,054 ▲ | 30,053 ▼ | 847 ▲ | |||
 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 | 211 ▲ | $274,474,225 ▼ | 2,606 ▼ | 228 ▲ | ||||||
 Pax DollarPaxos | USDP | | $69,937,822 ▼ | $0.9998 ▼ | 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 | 3,217 ▼ | $197,480,259 ▲ | 46,947 ▼ | 273,355 ▼ | 2 Addresses | |||||
 Anchored Coins EURAnchored Coins | AEUR | | $65,572,250 ▲ | $1.1605 ▲ | Euro | — |  Switzerland | — | — | — | — | — | — | — | — | 8 ▲ | $84,454 ▲ | 27 ▲ | 158 ▲ | 2 Addresses | |
 Binance USDPaxos | BUSD | $57,675,620 ▼ | $0.9980 ▼ | 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 | 1,073 ▲ | $12,265,939 ▲ | 4,899 ▲ | 150,159 ▼ | ||||||
 EUR CoinVertibleSociete Generale | EURCV | $49,108,156 ▲ | $1.1747 ▲ | Euro | Bank Deposits - EUR | France | France Digital Asset Service Provider (DASP) under PACTE Law AMF - French Autorité des Marchés Financiers | 3 - Adequate | — | — | — | 8 ▼ | $110,121 ▼ | 117 ▼ | 55 △ | ||||||
 Liquity LUSDLiquity Protocol | LUSD | $40,674,205 ▼ | $1.0020 ▲ | US Dollar | Cryptocurrencies - ETH | N/A | Non-Regulated | — | — | — | 535 ▼ | $17,849,099 ▼ | 3,523 ▲ | 12,019 ▲ | |||||||
 Synthetix sUSDSynthentix Protocol Governed by Synthetix DAO | sUSD | $31,104,064 ▼ | $0.9427 ▼ | US Dollar | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | 494 ▼ | $20,551,305 ▼ | 5,655 ▼ | 19,940 ▲ | ||||
 Plume USDNucleus | pUSD | $29,420,934 ▼ | $0.9987 ▼ | US Dollar | — | — | — | — | — | — | — | — | — | — | 65,310 ▲ | $282,495,357 ▲ | 3,003,406 ▲ | 65,146 ▲ | |||
 Angle EuroAngle | AGEUR | $21,806,525 ▼ | $1.1695 ▲ | Euro | Corporate Bonds+ 2 More | N/A | Non-Regulated | — | — | — | WithumSmith+Brown | 186 ▼ | $21,867,689 ▼ | 4,540 ▲ | 2,939 ▲ | ||||||
 Mountain USDMountain Protocol | USDM | | $20,780,403 ▼ | $0.9946 ▼ | US Dollar | Public Equity - Treasury ETF+ 4 More | Bermuda | Bermuda Digital Assets Issuance Act BMA - Bermuda Monetary Authority | 3 - Adequate | — | Nephos Group | 979 ▼ | $5,134,291 ▼ | 14,732 ▼ | 9,458 ▲ | 7 Addresses | |||||
 Z.com USDGMO Trust | ZUSD | | $17,243,715 ▲ | $0.9116 ▲ | 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 | — | 26 ▼ | $319,874 ▲ | 55 ▼ | 654 ▼ | 3 Addresses | ||||
 StraitsX Singapore DollarXfers Pte Ltd | XSGD | | $15,904,140 ▲ | $0.7822 ▼ | 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 | $11,373,137 ▼ | $0.9997 ▼ | 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 | 642 ▲ | $75,970,777 ▼ | 2,362 ▼ | 21,702 ▼ | |||||||
 Stasis EuroStasis | EURS |  | $10,687,741 ▼ | $1.1718 ▲ | Euro | Bank Deposits - EUR |  Malta | Malta Virtual Financial Assets (VFA) Framework MFSA - Malta Financial Services Authority | — | — | — | — | EXT LTD+ 2 More | BDO Malta | 237 ▲ | $9,725,166 ▲ | 3,084 ▲ | 6,083 ▲ | 2 Addresses | ||
 Tether EURtTether Holdings | EURT | $10,449,745 ▼ | $1.1431 ▲ | 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 ▲ | $6,957,496 ▼ | 1,825 ▲ | 2,045 ▲ | |||||||
 BeanBeanstalk Protocol Governed by Beanstalk DAO | BEAN | $8,396,477 ▲ | $0.2513 ▲ | US Dollar | Cryptocurrencies - "Pods" Beanstalk Debt | — | Non-Regulated | — | — | — | — | 2 △ | $11 ▲ | 2 △ | 237 △ | ||||||
 GMO JPYGMO Trust | GYEN | | $7,483,468 ▼ | $0.0051 ▼ | 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 | 195 ▲ | $285,295 ▼ | 696 ▼ | 11,353 ▲ | 3 Addresses | ||||
 RupiahTokenPT Rupiah Token Indonesia | IDRT | | $3,655,917 ▼ | $0 ▲ | Indonesian Rupiah | Bank Deposits - IDR |  Indonesia | — | — | — | — | — | — | Johannes Jura & Rekan | 262 ▲ | $1,661,626 ▲ | 733 ▲ | 11,326 ▲ | 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 ▼ | $206,547,498 ▲ | 1,749 ▼ | 100 ▲ | 3 Addresses | ||
 Transfero: BRZTransfero | BRZ | $2,517,311 ▲ | $0.1798 ▲ | 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 | $1,534,495 ▼ | $0.6858 ▼ | US Dollar | Cryptocurrencies - XDC | N/A | Non-Regulated | — | — | — | — | — | — | 128 ▲ | $3,304,816 ▼ | 14,393 ▲ | 749 ▲ | ||||
 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 | $687,502 ▲ | $0.6910 ▲ | Euro | Cryptocurrencies - SNX | N/A | Non-Regulated | — | — | — | — | — | — | — | 19 ▲ | $52,834 ▼ | 187 ▼ | 795 ▲ | |||
 Glo DollarBrale | USDGLO | $534,733 ▼ | $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 | $394,840 ▼ | $0.9966 ▼ | 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 | | $345,280 ▼ | $0.0537 ▲ | Mexican Peso | — |  Mexico | — | — | — | — | — | — | BDO | — | 97 ▲ | $196,738,406 ▲ | 15,283 ▼ | 157 ▲ | 3 Addresses | |
VCHF | $316,929 ▲ | $1.2662 ▲ | Swiss Franc | Commodities - Gold |  Liechtenstein | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | — | — | Philoro Edelmetallhandel AG | AREVA AG | 9 ▼ | $1,014,286 ▲ | 32 ▲ | 48 ▲ | |||||||
 EUROeMembrane Finance | EUROe | | $274,878 ▼ | $1.1760 ▲ | 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 | ||||
 Australian Digital DollarAUDC Pty Ltd | AUDD | | $271,988 ▼ | $0.6495 ▲ | 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 | 64 ▲ | $691,338 ▲ | 443 ▲ | 609 ▲ | 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 | — | — | — | — | — | — | — | — | — | 4 △ | $73 ▲ | 5 ▼ | 65 △ | ||||
 Verified USDVerified USD | USDV | $74,880 ▲ | $0.4982 ▲ | 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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