Stablecoin registry ·

US dollar stablecoins

All 189 US dollar stablecoins we track, worth $311B combined, ranked by market cap, with live peg, 30-day change and chains. Updated daily.

Combined market cap
$313B
+0.4% in 30 days
Stablecoins tracked
189
With more than $1M in circulation
Largest
USDT
58.9% share of this list
Holding their peg
127
32 off peg right now

US dollar stablecoins make up $313B, or 100% of the $314B stablecoin market, spread across 189 tokens. The largest is Tether (USDT), with $184B in circulation.

Top 10 us dollar stablecoins by market cap

  1. Tether (USDT)$184B
  2. USD Coin (USDC)$74.28B
  3. Sky Dollar (USDS)$7.03B
  4. Ethena USDe (USDe)$4.84B
  5. Dai (DAI)$4.76B
  6. World Liberty Financial USD (USD1)$4.33B
  7. Global Dollar (USDG)$3.09B
  8. PayPal USD (PYUSD)$2.87B
  9. Ripple USD (RLUSD)$2.46B
  10. Circle USYC (USYC)$2.40B

US dollar stablecoins by market cap

Methodology
US dollar stablecoins
Peg Type
1 USDTTether $184B +0.5% $0.9992 On peg Fiat-backed 53
2 USDCUSD Coin $74.28B -0.3% $0.9996 On peg Fiat-backed 97
3 USDSSky Dollar $7.03B +6.0% $0.9989 On peg Crypto-backed 7
4 USDeEthena USDe $4.84B +10.4% $0.9994 On peg Crypto-backed 14
5 DAIDai $4.76B -0.7% $0.9999 On peg Crypto-backed 23
6 USD1World Liberty Financial USD $4.33B +1.5% $0.9990 On peg Fiat-backed 7
12 USDGGlobal Dollar $3.09B -3.4% $0.9998 On peg Fiat-backed 3
7 PYUSDPayPal USD $2.87B +0.1% $0.9992 On peg Fiat-backed 9
8 RLUSDRipple USD $2.46B +1.2% $1.0000 On peg Fiat-backed 2
9 USYCCircle USYC $2.40B -8.6% $1.1396 Accrues yield Fiat-backed % 2
10 BUIDLBlackRock USD $2.21B -21.5% $1.0000 On peg Fiat-backed % 6
11 USDYOndo US Dollar Yield $2.06B -7.0% $1.1485 Accrues yield Fiat-backed % 14
13 USDfFalcon USD $1.65B +40.9% $0.9951 On peg Crypto-backed 2
14 USDDUSDD $1.58B — $0.9979 On peg Crypto-backed 4
15 UUnited Stables $1.54B +21.4% $0.9990 On peg Crypto-backed 4
16 USDGOUSDGO $1.30B -4.9% $1.0000 On peg Fiat-backed 2
17 OUSDOpen USD $733M — $0.9981 On peg Fiat-backed 3
18 GHOGHO $698M 0.0% $0.9993 On peg Crypto-backed 1
19 USD0Usual USD $542M -1.1% $0.9983 On peg Fiat-backed 1
21 YLDSYLDS $500M -5.0% $0.9999 On peg Fiat-backed % 3
22 USDTBEthena USDtb $499M -5.3% $0.9991 On peg Fiat-backed 2
23 pUSDPolymarket USD $496M +3.2% $0.9994 On peg Crypto-backed 1
24 TUSDTrueUSD $484M 0.0% $0.9988 On peg Fiat-backed 6
25 rwaUSDiMultipli rwaUSDi $383M -21.3% $0.9991 On peg Crypto-backed 5
26 USDaiUSD.AI $343M +20.8% $0.9997 On peg Crypto-backed 2
27 SOFIDSoFiUSD $339M +4.3% $0.9992 On peg Fiat-backed 2
28 FDUSDFirst Digital USD $324M -2.6% $0.9971 On peg Fiat-backed 5
29 GUSDGate USD $319M 0.0% $0.9978 On peg Fiat-backed 1
30 apxUSDapxUSD $309M -3.8% $0.9903 Slightly off peg Crypto-backed 2
31 reUSDRe Protocol reUSD $288M +20.0% $1.1059 Above peg Crypto-backed 7
32 AUSDAgora Dollar $245M -16.9% $0.9993 On peg Fiat-backed 13
33 crvUSDcrvUSD $243M -6.9% $0.9994 On peg Crypto-backed 8
34 BUSDBinance Peg BUSD $233M +0.0% $0.9990 On peg Crypto-backed 5
36 USXSolstice USX $212M -10.9% $0.9992 On peg Crypto-backed 1
37 MM by M0 $201M +9.5% $0.9976 On peg Fiat-backed 5
38 HUSDHUSD $192M 0.0% — No market price Fiat-backed 3
39 USATUSAT $183M -0.5% $0.9991 On peg Fiat-backed 1
40 FLEXUSDflexUSD $166M 0.0% $0.9991 On peg Crypto-backed 2
41 MUSTMustang Finance $154M +0.0% $0.9991 On peg Crypto-backed 1
42 FRAXFrax $152M -3.4% $0.9879 Slightly off peg Algorithmic 9
43 USDAAvalon USDa $138M -5.4% — No market price Crypto-backed 11
44 satUSDRiver Stablecoin $136M -14.1% $0.9949 Slightly off peg Crypto-backed 5
45 CASHCASH $128M +2.6% $0.9990 On peg Fiat-backed 1
46 MOVEUSDCFX MoveUSD $125M +8.7% $0.9991 On peg Fiat-backed 1
47 avUSDAvant USD $125M -6.0% $0.9970 On peg Fiat-backed 1
48 USDFAstherus $111M -1.1% $0.9976 On peg Crypto-backed 1
49 DOLADola $108M +4.8% $0.9966 On peg Crypto-backed 5
50 USDVValtorum USD $99.5M -3.9% — No market price Fiat-backed 6
51 USPDUS Permissionless Dollar $98.9M +30,766.8% — No market price Crypto-backed 2
52 USDATSaturn Dollar $94.4M +46.4% $0.9994 On peg Crypto-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. SBC $21.7M+110.6%
  2. pathUSD $71.5M+95.2%
  3. MUSD $38.0M+50.3%
  4. HYUSD $25.6M+49.7%
  5. USDAT $94.4M+46.4%
Shrinking
  1. NUSD $35.5M-33.5%
  2. FRXUSD $82.2M-26.2%
  3. MNEE $43.9M-25.5%
  4. BUIDL $2.21B-21.5%
  5. rwaUSDi $383M-21.3%

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 191 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, $184B), USD Coin (USDC, $74.28B), Sky Dollar (USDS, $7.03B), Ethena USDe (USDe, $4.84B), Dai (DAI, $4.76B).

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.