Stablecoins: market cap, depeg alerts and chains
Total stablecoin supply, peg deviations and where stablecoins are issued across blockchains — updated every 10 minutes.
Depeg alerts — These stablecoins (over $50M) are trading at least 0.5% away from their peg:
apxUSD -1.43% ($0.9857 · $310.20M) · FRAX -0.70% ($0.993 · $153.21M) · satUSD -0.52% ($0.9948 · $136.19M) · USDA -8.60% ($0.914 · $79.49M) · cgUSD -0.78% ($0.9922 · $75.61M)
Total stablecoin market cap
Largest stablecoins by market cap
| # | Name | Price | Peg deviation | Market cap |
|---|---|---|---|---|
| 1 | USDT Tether | $0.9999 | -0.01% | $184.03B |
| 2 | USDC USD Coin | $1.00 | 0.00% | $74.20B |
| 3 | USDS Sky Dollar | $0.9998 | -0.02% | $6.72B |
| 4 | USDe Ethena USDe | $0.9996 | -0.04% | $4.91B |
| 5 | DAI Dai | $0.9998 | -0.02% | $4.79B |
| 6 | USD1 World Liberty Financial USD | $0.9996 | -0.04% | $4.44B |
| 7 | USDG Global Dollar | $1.00 | 0.00% | $3.09B |
| 8 | PYUSD PayPal USD | $0.9999 | -0.01% | $2.90B |
| 9 | RLUSD Ripple USD | $0.9999 | -0.01% | $2.50B |
| 10 | USYC Circle USYC | $1.14 | +13.90% | $2.40B |
| 11 | BUIDL BlackRock USD | $1.00 | 0.00% | $2.25B |
| 12 | USDY Ondo US Dollar Yield | $1.15 | +14.81% | $2.20B |
| 13 | USDf Falcon USD | $0.9962 | -0.38% | $1.66B |
| 14 | U United Stables | $0.9992 | -0.08% | $1.56B |
| 15 | USDD USDD | $0.9994 | -0.06% | $1.55B |
| 16 | USDGO USDGO | $1.00 | 0.00% | $1.20B |
| 17 | GHO GHO | $0.9993 | -0.07% | $698.49M |
| 18 | USDX USDX Money USDX | — | — | $683.44M |
| 19 | OUSD Open USD | $0.9998 | -0.02% | $666.15M |
| 20 | A7A5 A7A5 | — | — | $556.90M |
| 21 | USD0 Usual USD | $0.9989 | -0.11% | $546.11M |
| 22 | USDTB Ethena USDtb | $0.9999 | -0.01% | $533.71M |
| 23 | YLDS YLDS | $0.9998 | -0.02% | $511.82M |
| 24 | pUSD Polymarket USD | $1.00 | +0.06% | $496.14M |
| 25 | rwaUSDi Multipli rwaUSDi | $1.00 | +0.04% | $487.63M |
| 26 | TUSD TrueUSD | $0.9997 | -0.03% | $484.36M |
| 27 | EURC EURC | $1.12 | +0.15% | $473.25M |
| 28 | USDN Neutrino USD | — | — | $408.89M |
| 29 | USDai USD.AI | $1.00 | 0.00% | $334.09M |
| 30 | SOFID SoFiUSD | $0.9993 | -0.07% | $332.03M |
| 31 | FDUSD First Digital USD | $0.9991 | -0.09% | $324.76M |
| 32 | GUSD Gate USD | $0.9983 | -0.17% | $319.47M |
| 33 | apxUSD apxUSD | $0.9857 | -1.43% | $310.20M |
| 34 | reUSD Re Protocol reUSD | $1.10 | +10.45% | $287.29M |
| 35 | crvUSD crvUSD | $0.9998 | -0.02% | $257.96M |
| 36 | AUSD Agora Dollar | $0.9998 | -0.02% | $249.06M |
| 37 | BUSD Binance Peg BUSD | $1.00 | +0.21% | $233.45M |
| 38 | USX Solstice USX | $0.9994 | -0.06% | $212.12M |
| 39 | M M by M0 | — | — | $196.40M |
| 40 | HUSD HUSD | — | — | $192.31M |
| 41 | EURCV EUR CoinVertible | $1.13 | +0.18% | $185.41M |
| 42 | USAT USAT | $0.9996 | -0.04% | $183.25M |
| 43 | FLEXUSD flexUSD | $1.00 | +0.04% | $166.41M |
| 44 | MUST Mustang Finance | $1.00 | +0.04% | $154.45M |
| 45 | FRAX Frax | $0.993 | -0.70% | $153.21M |
| 46 | USDA Avalon USDa | — | — | $145.56M |
| 47 | satUSD River Stablecoin | $0.9948 | -0.52% | $136.19M |
| 48 | JPYSC JPYSC | $0.00634 | -0.15% | $126.91M |
| 49 | CASH CASH | $0.9996 | -0.04% | $126.36M |
| 50 | avUSD Avant USD | $0.9991 | -0.09% | $125.04M |
Stablecoins by blockchain
| Blockchain | Market cap | Share |
|---|---|---|
| Ethereum | $146.64B | 46.5% |
| Tron | $94.79B | 30% |
| Solana | $16.59B | 5.3% |
| BSC | $13.84B | 4.4% |
| Hyperliquid L1 | $7.42B | 2.4% |
| Base | $5.23B | 1.7% |
| Arbitrum | $3.93B | 1.2% |
| Polygon | $2.98B | 0.9% |
| X Layer | $1.57B | 0.5% |
| Avalanche | $1.46B | 0.5% |
| Plasma | $1.39B | 0.4% |
| XRPL | $1.32B | 0.4% |
| Robinhood Chain | $1.06B | 0.3% |
| Aptos | $1.06B | 0.3% |
| Stellar | $936.07M | 0.3% |
| TON | $738.20M | 0.2% |
| Tempo | $732.61M | 0.2% |
| Monad | $726.85M | 0.2% |
| OP Mainnet | $594.47M | 0.2% |
| Mantle | $556.70M | 0.2% |
By peg currency
| USD | $313.97B | 99.46% |
| EUR | $813.77M | 0.26% |
| RUB | $558.94M | 0.18% |
| JPY | $157.50M | 0.05% |
| CHF | $46.14M | 0.01% |
| REAL | $32.92M | 0.01% |
| GBP | $29.47M | 0.01% |
| AUD | $13.99M | 0% |
USDT by blockchain
| Tron | $92.68B | 50.4% |
| Ethereum | $73.42B | 39.9% |
| BSC | $9.18B | 5% |
| Solana | $2.87B | 1.6% |
| Arbitrum | $855.02M | 0.5% |
| Plasma | $846.75M | 0.5% |
| Polygon | $791.17M | 0.4% |
| TON | $550.71M | 0.3% |
USDC by blockchain
| Ethereum | $45.54B | 61.4% |
| Solana | $7.41B | 10% |
| Hyperliquid L1 | $7.33B | 9.9% |
| Base | $4.38B | 5.9% |
| Arbitrum | $2.34B | 3.2% |
| Polygon | $1.64B | 2.2% |
| BSC | $1.59B | 2.1% |
| Arc | $505.88M | 0.7% |
Data: DefiLlama. Peg deviation compares the market price with the pegged currency at the live exchange rate. Yield-bearing tokens designed to trade above their peg are not counted as depegs.
What are stablecoins?
Stablecoins are cryptocurrencies designed to keep a stable value, usually 1 US dollar. Fiat-backed coins such as USDT and USDC hold cash and short-term bonds as reserves, crypto-backed coins such as DAI are secured by other crypto assets, and algorithmic designs rely on market mechanisms.
Why market cap and depegs matter
Growing stablecoin supply is often read as fresh money waiting to enter the crypto market, while falling supply can signal outflows. A depeg — a price drifting away from the target — shows stress in a stablecoin's reserves or liquidity, which is why we flag every larger stablecoin that moves more than 0.5% from its peg.