Stablecoins
Dollar-pegged digital currencies, yield-bearing tokens, and multi-collateral stablecoins powering the payments ecosystem.
20 companies tracked
GHO stablecoin by Aave. ~$584M market cap. Over-collateralized. 5.5% APY on sGHO.
$200M+ · 2 chains · USD
Issuer of AUSD (~$138M market cap). Paradigm-backed. Custodied at State Street and VanEck.
$100M+ · 2 chains · USD
Issuer of USDC (~$78B market cap). NYSE-listed (CRCL). MiCA-compliant. Full Treasury reserve.
$62B+ · 9 chains · USD
Curve's native stablecoin (~$293M market cap). LLAMMA soft-liquidation. Deep DEX liquidity.
$100M+ · 2 chains · USD
Issuer of USDe (~$5.9B market cap). Synthetic dollar via delta-hedged ETH. sUSDe yields.
$5B+ · 3 chains · USD · ~10-25% via sUSDe staking (variable, funding-rate dependent)
Euro stablecoin by Circle (~$460M market cap). MiCA-compliant. ~50% EUR stablecoin market.
$250M+ · 4 chains · EUR
Euro-backed stablecoin by Stasis (~$154M market cap). Oldest EUR stablecoin. Audited reserves.
$130M+ · 2 chains · EUR
Issuer of FDUSD. Hong Kong-based. ~$375M market cap. Backed 1:1 by cash and Treasuries.
$2B+ · 2 chains · USD
Issuer of frxUSD (~$600M market cap). Rebranded from FRAX. frxETH liquid staking.
$650M+ · 3 chains · USD · ~5% via sFRAX
Stablecoin middleware protocol. ~$779M supply minted. Powers USDN, USD0, mUSD, and more.
$100M+ · 1 chains · USD · ~4-5% (yield passed to M token holders via earn mechanism)
USDM wound down Aug 2025 after Anchorage Digital acquisition. No longer actively issuing.
$100M+ · 4 chains · USD · ~5% (daily rebase)
Issuer of USDY (yield-bearing, Treasury-backed). $2.5B+ TVL. 45% of on-chain T-Bill market.
$500M+ · 2 chains · USD · ~5% (passes through T-bill yield)
Issuer of USDP (~$41M) and infrastructure behind PYUSD. NY-regulated trust company.
$150M+ · 2 chains · USD
PayPal's stablecoin (~$4.1B market cap). Expanded to 70 markets in Mar 2026. Paxos-issued.
$700M+ · 2 chains · USD
RLUSD by Ripple (~$1.5B market cap). Enterprise cross-border payments. On Ethereum and XRPL.
$100M+ · 1 chains · USD
Issuer of USDS (upgraded from DAI). ~$11.4B circulating. Decentralized, over-collateralized.
$6B+ · 2 chains · USD · ~6-8% via Sky Savings Rate
Issuer of USDT, the largest stablecoin. ~$184B market cap. #3 crypto overall. 15+ chains.
$140B+ · 11 chains · USD
TRON stablecoin (~$1.2B market cap). USDD 2.0 over-collateralized by TRX, sTRX, and USDT.
$750M+ · 2 chains · USD
Ethena's T-Bill stablecoin. 90%+ backed by BlackRock's BUIDL fund ($2.9B TVL).
$1B+ · 2 chains · USD · ~4-5% (T-bill passthrough via BUIDL)