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

$157.212 B

1.39%from 7d ago

% of M2 Money Supply

0.75%

1.39%from 7d ago

Weekly Transfer Volume

$582.825 B

+2.37%from 7d ago

Weekly Active Addresses

5,678,001

9.01%from 7d 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 05/06/2024

League Tables

Rank
Issuer
Market Cap
30D %
1
Tether
$114,438.1 M
2.90%
2
Circle
$30,498.32 M
2.97%
3
First Digital Labs
$3,857.16 M
8.95%
4
MakerDAO
$3,224.48 M
36.21%
5
Ethena
$2,290.77 M
12.33%
6
Paxos
$965.69 M
15.99%
7
USDD Protocol
$731.57 M
0.41%
8
Frax Finance
$648.53 M
0.22%
9
Techteryx
$271.47 M
5.80%
10
Liquity Protocol
$109.65 M
5.79%

Stablecoin Payment Corridors

View cross-border stablecoin payment corridors between different countries.

Get Access to Payment Corridor Metrics

as of 05/06/2024

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
Weekly Active Addresses
Weekly Transfer Volume
Weekly Transfer Count
Holders
Contract Address
$USDT
TRON LogoSolana LogoEthereum LogoBinance Smart Chain Logo
$114,389,105,383
$1.0002

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
4,736,231
$150,961,861,380
32,102,035
77,216,034
4 Addresses
Circle
$USDC
TRON LogoStellar LogoSolana LogoPolygon LogoOptimism LogoEthereum LogoBinance Smart Chain LogoArbitrum Logo
$30,470,574,028
$1.0003

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
887,299
$418,731,316,107
33,322,154
10,150,972
8 Addresses
First Digital Labs
$FDUSD
Ethereum LogoBinance Smart Chain Logo
$3,857,158,470
$1.0007

US Dollar

Money Market - RRP+ 2 More
Hong Kong Flag

Hong Kong

Non-Regulated

4 - Constrained
First Digital Trust
Prescient Assurance LLC.
4,524
$4,612,181,011
19,053
29,400
2 Addresses
MakerDAO
$DAI
Ethereum Logo

Ethereum

$3,224,482,213
$0.9996

US Dollar

Structured Credit+ 4 More

Non-Regulated

4 - Constrained
8,657
$5,960,004,343
54,781
621,453
$USDe
Ethereum Logo

Ethereum

$2,290,765,089
$1.0008

US Dollar

Derivatives - Short ETH PerpsCryptocurrencies - ETH
4,043
$1,461,506,827
16,573
15,773
USDD Protocol
$USDD
TRON Logo

TRON

$731,569,185
$0.9964

US Dollar

CryptocurrenciesStablecoins

Non-Regulated

Huobi Exchange
461
$14,129,273
3,305
133,019
Frax Finance
$FRAX
Ethereum Logo

Ethereum

$648,530,950
$0.9997

US Dollar

Money Market - Fund+ 4 More

Non-Regulated

5 - Weak
Lead Bank
550
$311,725,129
5,260
12,415
$BUSD
Ethereum LogoBinance Smart Chain Logo
$489,408,692
$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

BMO Harris Bank N.A.+ 4 More
WithumSmith+Brown
31,158
$168,047,143
1,221,701
6,023,978
2 Addresses
$PYUSD
Ethereum Logo

Ethereum

$327,780,641
$1.0006

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
1,415
$177,548,506
6,660
8,427
$USDP
Ethereum Logo

Ethereum

$148,504,313
$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

2 - Strong
BMO Harris Bank N.A.+ 4 More
WithumSmith+Brown
307
$42,726,289
935
118,202
Liquity Protocol
$LUSD
Ethereum Logo

Ethereum

$109,651,266
$1.0010

US Dollar

Cryptocurrencies - ETH

Non-Regulated

282
$52,129,474
1,206
11,843
$GUSD
Ethereum Logo

Ethereum

$91,379,020
$0.9983

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
1,402
$69,514,400
3,369
23,768
Aave
$GHO
Ethereum Logo

Ethereum

$51,023,185
$0.9984

US Dollar

US Treasury Debt - TokenizedCryptocurrencies

Non-Regulated

BNY Mellon Pershing
351
$99,158,029
2,405
1,635
Beanstalk Protocol Governed by Beanstalk DAO
$BEAN
Ethereum Logo

Ethereum

$45,704,746
$0.9840

US Dollar

Cryptocurrencies - "Pods" Beanstalk Debt

Non-Regulated

34
$2,831,505
485
261
Mountain Protocol
4.94%
$USDM
Polygon LogoEthereum Logo
$43,780,572
$1.0009

US Dollar

Public Equity - Treasury ETF+ 4 More
Bermuda Flag

Bermuda

Bermuda Digital Assets Issuance Act

BMA - Bermuda Monetary Authority

3 - Adequate
Nephos Group
44
$7,027,453
275
243
2 Addresses
$EURT
Ethereum Logo

Ethereum

$42,765,541
$1.0590

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
106
$4,039,276
566
1,428
Synthentix Protocol Governed by Synthetix DAO
$sUSD
Ethereum Logo

Ethereum

$42,665,433
$0.9933

US Dollar

Cryptocurrencies - SNX

Non-Regulated

137
$30,517,988
933
18,370
$EURS
Ethereum Logo

Ethereum

$38,325,714
$1.0616

Euro

Bank Deposits - EUR
Malta Flag

Malta

Malta Virtual Financial Assets (VFA) Framework

MFSA - Malta Financial Services Authority

EXT LTD+ 2 More
BDO Malta
76
$7,250,940
326
5,843
$TRYB
Ethereum Logo

Ethereum

$28,775,391
$0.0312

Turkish Lira

Bank Deposits - TRY
Turkey Flag

Turkey

Non-Regulated

BiLira Teknoloji A.Ş.
Corpus Denetim ve Yeminili Mali Musavirlik AS
30
$70,030,784
147
907
Circle
$EURC
Ethereum Logo

Ethereum

$27,748,837
$1.0649

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
172
$18,865,912
886
3,147
$AGEUR
Ethereum Logo

Ethereum

$23,222,783
$1.0669

Euro

Corporate Bonds+ 2 More

Non-Regulated

WithumSmith+Brown
82
$10,882,675
962
2,927
$XSGD
Ethereum Logo

Ethereum

$21,678,828
$0.7416

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
405
$5,255,071
692
2,764
GMO Trust
$ZUSD
Stellar LogoEthereum Logo
$18,766,101
$1.0103

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
7
$207
10
681
2 Addresses
GMO Trust
$GYEN
Stellar LogoEthereum Logo
$13,903,417
$0.0065

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
50
$401,898
146
10,618
2 Addresses
Societe Generale
$EURCV
Ethereum Logo

Ethereum

$11,961,295
$1.0732

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
Ethereum Logo

Ethereum

$6,229,590
$0.1388

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
Verified USD
$USDV
Ethereum Logo

Ethereum

$6,029,125
$1.0000

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)
30
$3,140,875
195
329
PT Rupiah Token Indonesia
$IDRT
Ethereum Logo

Ethereum

$2,876,242
$0

Indonesian Rupiah

Bank Deposits - IDR
Indonesia Flag

Indonesia

Johannes Jura & Rekan
28
$1,229,997
70
10,352
$BRZ
Ethereum Logo

Ethereum

$2,719,393
$0.1961

Brazilian Real

Bank Deposits - BRL+ 3 More
Switzerland Flag

Switzerland

Transfero Gestão de Ativos Digitais+ 2 More
Carvalho, Machado E Timm Advogados
10
$460,852
60
110
Membrane Finance
$EUROe
Ethereum Logo

Ethereum

$1,162,477
$1.0806

Euro

Bank Deposits - EUR
Finland Flag

Finland

Finland Electronic Money Institution (EMI)

FSA - Finish Financial Supervisory Authority

Bank Frick
KPMG
15
$110,314
51
136
$AUDD
Stellar LogoEthereum Logo
$1,113,261
$0.6592

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
10
$271,954
33
412
2 Addresses
Synthentix Protocol Governed by Synthetix DAO
$sEUR
Ethereum Logo

Ethereum

$1,073,865
$1.0793

Euro

Cryptocurrencies - SNX

Non-Regulated

5
$712,925
38
778
$USDGLO
Ethereum Logo

Ethereum

$796,397
$0.9989

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
6
$2,423
5
95
$XIDR
Ethereum Logo

Ethereum

$321,973
$0

Indonesian Rupiah

Bank Deposits - IDR
Bermuda Flag

Bermuda

Singapore Payment Services Act

MAS - Monetary Authority of Singapore

KK Yap & Associates
7
$0
0
200
$VCHF
Ethereum Logo

Ethereum

$78,777
$1.1097

Swiss Franc

Commodities - Gold

Liechtenstein Blockchain Act

FMA - Liechtenstein Financial Market Authority

OZL Offenes Zollager in Liechtenstein AG
AREVA AG
1
$0
0
24
Fathom DAO
$FXD
XDC Logo

XDC

$30,989
$0.9988
Cryptocurrencies - XDC

Non-Regulated

63
$394,256
4,909

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