Combined market cap
$301B
-2.1% in 30 days
Stablecoins tracked
186
With more than $1M in circulation
Largest
60.1% share of this list
Holding their peg
124
36 off peg right now

US dollar stablecoins make up $301B, or 99% of the $303B stablecoin market, spread across 186 tokens. The largest is Tether (USDT), with $181B in circulation.

US dollar stablecoins
Peg Type
1 USDTTether $181B -1.3% $0.9989 On peg Fiat-backed 103
2 USDCUSD Coin $71.18B -5.3% $0.9994 On peg Fiat-backed 126
3 USDSSky Dollar $6.71B +1.8% $0.9998 On peg Crypto-backed 7
4 DAIDai $4.71B -2.1% $0.9999 On peg Crypto-backed 35
5 USDeEthena USDe $4.53B -8.4% $0.9994 On peg Crypto-backed 30
6 USD1World Liberty Financial USD $3.91B -11.3% $0.9989 On peg Fiat-backed 8
7 USDGGlobal Dollar $3.06B -3.8% $0.9998 On peg Fiat-backed 8
8 PYUSDPayPal USD $2.99B +9.1% $0.9999 On peg Fiat-backed 16
9 RLUSDRipple USD $2.57B +3.1% $1.0000 On peg Fiat-backed 2
10 BUIDLBlackRock USD $2.18B +3.4% $1.0000 On peg Fiat-backed % 8
11 USDfFalcon USD $1.72B +42.5% $0.9950 Slightly off peg Crypto-backed 2
13 USDDUSDD $1.67B +8.0% $0.9981 On peg Crypto-backed 4
12 UUnited Stables $1.63B +10.0% $0.9988 On peg Crypto-backed 4
14 USDGOUSDGO $1.31B -7.2% $1.0000 On peg Fiat-backed 3
15 OUSDOpen USD $827M — $0.9986 On peg Fiat-backed 4
16 GHOGHO $698M 0.0% $0.9981 On peg Crypto-backed 2
17 USD0Usual USD $541M -0.9% $0.9989 On peg Fiat-backed 2
19 USDTBEthena USDtb $515M -4.0% $0.9988 On peg Fiat-backed 2
20 pUSDPolymarket USD $494M +0.7% $0.9994 On peg Crypto-backed 1
21 rwaUSDiMultipli rwaUSDi $487M 0.0% $0.9993 On peg Crypto-backed 7
22 YLDSYLDS $486M -0.8% $0.9993 On peg Fiat-backed % 3
23 TUSDTrueUSD $483M 0.0% $0.9977 On peg Fiat-backed 9
24 SOFIDSoFiUSD $347M +6.5% $0.9991 On peg Fiat-backed 2
25 GUSDGate USD $319M 0.0% $0.9972 On peg Fiat-backed 1
26 FDUSDFirst Digital USD $302M -6.9% $0.9975 On peg Fiat-backed 6
27 apxUSDapxUSD $284M -9.8% $0.9921 Slightly off peg Crypto-backed 4
28 USDaiUSD.AI $268M +23.8% $0.9989 On peg Crypto-backed 3
29 BUSDBinance Peg BUSD $232M +0.0% $0.9961 On peg Crypto-backed 20
30 crvUSDcrvUSD $220M -13.6% $0.9987 On peg Crypto-backed 12
32 MM by M0 $206M +2.8% $1.0000 On peg Fiat-backed 7
33 USXSolstice USX $202M -6.6% $0.9989 On peg Crypto-backed 1
34 AUSDAgora Dollar $195M -24.3% $0.9986 On peg Fiat-backed 13
35 HUSDHUSD $192M 0.0% — No market price Fiat-backed 3
36 USATUSAT $182M -0.5% $0.9984 On peg Fiat-backed 1
37 FLEXUSDflexUSD $166M 0.0% $0.9993 On peg Crypto-backed 2
38 MUSTMustang Finance $154M +0.0% $0.9993 On peg Crypto-backed 1
39 FRAXFrax $147M -3.1% $0.9893 Slightly off peg Algorithmic 14
40 USDAAvalon USDa $146M 0.0% — No market price Crypto-backed 18
41 CASHCASH $128M -3.2% $0.9988 On peg Fiat-backed 1
42 avUSDAvant USD $116M -6.9% $0.9980 On peg Fiat-backed 2
43 USDATSaturn Dollar $114M +36.4% $0.9983 On peg Crypto-backed 2
44 MOVEUSDCFX MoveUSD $113M -1.2% $0.9993 On peg Fiat-backed 1
45 DOLADola $113M +8.8% $0.9971 On peg Crypto-backed 8
46 USDFAstherus $112M +0.5% $0.9970 On peg Crypto-backed 1
47 USDVValtorum USD $99.5M 0.0% — No market price Fiat-backed 6
48 USPDUS Permissionless Dollar $98.9M +30,766.8% — No market price Crypto-backed 2
49 FRXUSDFrax USD $96.1M -5.9% $0.9997 On peg Fiat-backed 27
50 satUSDRiver Stablecoin $87.6M -41.4% $0.9949 Slightly off peg Crypto-backed 10
51 fxUSDfxUSD $86.8M -1.7% $0.9998 On peg Crypto-backed 2
52 USDBUSDBridge $84.0M +0.7% — No market price Fiat-backed 1

Price is shown in the coin's peg currency. "On peg" means within 0.5% of target; "slightly off" 0.5–2%; "depegged" more than 2% below. Click a column to sort.

Biggest supply changes, last 30 days

Supply changes show where money is moving. Growth means tokens are being minted against new deposits, and shrinking supply means holders are redeeming. Only coins with more than $20M in circulation and at least 60 days of history are included.

Growing
  1. SPUSD $51.4M+43.8%
  2. USDf $1.72B+42.5%
  3. IUSD $69.4M+37.5%
  4. USDAT $114M+36.4%
  5. SUSD $69.8M+33.2%
Shrinking
  1. satUSD $87.6M-41.4%
  2. NUSD $28.3M-30.7%
  3. pathUSD $45.9M-27.5%
  4. AUSD $195M-24.3%
  5. USDP $22.5M-19.9%

Stablecoins off their peg right now

Coins trading more than 0.5% from their target at the last update. A brief wobble on a thin market is common for small coins. A deep, lasting gap usually means the backing or the redemption route has broken.

About us dollar stablecoins

These stablecoins track the us dollar rather than the US dollar. Prices in the table are converted back into us dollar terms, so 1.0000 means exactly on peg. Supply is shown in US dollars, at the day's exchange rate, so lists can be compared.

Dollar stablecoins make up the overwhelming majority of the market. In the US, the GENIUS Act (2025) requires payment stablecoin issuers to hold one-for-one reserves of cash and short-term Treasuries and to publish monthly reserve reports.

Frequently asked questions

What are us dollar stablecoins?

US dollar stablecoins are stablecoins designed to track the value of the us dollar. CoinScoop tracks 194 of them with more than $1M in circulation. The table above ranks them by supply with live peg status.

What is the largest us dollar stablecoin?

Tether (USDT) is the largest by market cap. The top five are Tether (USDT, $181B), USD Coin (USDC, $71.18B), Sky Dollar (USDS, $6.71B), Dai (DAI, $4.71B), Ethena USDe (USDe, $4.53B).

How is this list ranked and updated?

Coins are ranked by circulating supply in US dollars, with non-dollar coins converted at daily FX rates. Data comes from DefiLlama and refreshes twice a day. A coin appears once it has more than $1 million in circulation.

How we track stablecoins

  • Coverage: every stablecoin with more than $1 million in circulation in the open DefiLlama stablecoins dataset.
  • Supply is circulating supply, excluding unreleased issuer inventory, summed across chains. Non-dollar coins are converted to US dollars at the day's FX rate.
  • Peg status compares the latest market price with one unit of the peg currency. Some feeds return a generic placeholder price, and we show those as "no reliable price" rather than guessing.
  • Issuer, backing and yield notes are written and checked by CoinScoop editors. Everything else updates automatically twice a day.
  • Found an error? Tell us via our contact page. See our corrections policy.

Data: DefiLlama. Not investment advice.