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Debt

The 2026 State of Stablecoins Report

Get our complete analysis of the global stablecoin market, covering issuer strategies, network distribution, and the full regulatory outlook.

Asset-Based Finance

Stablecoins

Securities

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Debt

The 2026 State of Stablecoins Report

Get our complete analysis of the global stablecoin market, covering issuer strategies, network distribution, and the full regulatory outlook.

Asset-Based Finance

Stablecoins

Securities

Asset Tokens Market Cap

$291.37b

-2.23%

from 30d ago

Project Tokens Market Cap

$2.85b

11.92%

from 30d ago

Asset Tokens Monthly Transfer Volume

$2.04t

-11.58%

from 30d ago

Project Tokens Monthly Transfer Volume

$13.12b

-14.81%

from 30d ago

Stablecoins Market Share

Asset Tokens by Market Cap

* Overview totals count issuer-listed asset tokens only. Other participants can show copies, so project totals below may be higher.

Paxos - Global Dollar

OpenEden Digital - OpenEden OpenDollar

OpenEden Digital - OpenEden TBILL Vault

Ethena Labs - Ethena USDe

Ethena Labs - Ethena USDTb

Tether Holdings - Tether USDt

Tether Holdings - Tether EURt

Tether Holdings - Tether Gold

Tether Holdings - Alloy Tether

Tether Holdings - Tether CNHt

Tether Holdings - Tether MXNt

First Digital Labs - First Digital USD

BiLira - BiLira Turkish Lira

Monerium - Monerium EUR emoney

Monerium - Monerium GBP emoney

ISC - International Stable Currency

Societe Generale - EUR CoinVertible

Mountain Protocol - Mountain USD

Circle - Circle - EURC

Frax Finance - Frax USD

Frax Finance - Frax Price Index Share

Frax Finance - Frax Ether

Gemini - Gemini Dollar

Binance - Binance-Peg BUSD

USDD Protocol - Decentralized USD

Liquity Protocol - Liquity USD

Synthetix Protocol - Synthetix sUSD

Synthetix Protocol - Synthetix sEUR

StraitsX - StraitsX XUSD

StraitsX - StraitsX Singapore Dollar

StraitsX - StraitsX Indonesian Rupiah

Price/NAV: $0.0000591

Forte Tech Solution - Forte AUD

Membrane Finance - EUROe

Open Money DAO - Open Money USD

VNX - VNX Swiss Franc

VNX - VNX British Pound

PT Rupiah Token - Rupiah Token

Price/NAV: $0.0000521

Volume: $307.75

24h: N/A

Market Cap: $9.05m

Fathom - Fathom Dollar

AUDC Pty Ltd - Australian Digital Dollar

Angle Labs - Angle EURA

Angle Labs - Angle USDA

Transfero Group - Transfero BRZ

The Fedz - The Fedz FUSD

Stablecoin Market Cap Rankings


1	Tether Holdings 6 Asset Tokens	$233.66b	$183.54b
2	Circle 3 Asset Tokens	$17.82b	$74.50b
3	Sky 1 Asset Token	$250.79m	$9.59b
4	Binance 1 Asset Token	$768.13m	$9.18b
5	Paxos 5 Asset Tokens	$779.07m	$7.61b
6	Ethena Labs 2 Asset Tokens 1 Project Token	$1.09b	$7.55b
7	Ripple 1 Asset Token	$272.44m	$2.43b
8	USDD Protocol 1 Asset Token	$27.84m	$1.51b
9	Aave 1 Asset Token	$15.47m	$697.77m
10	Techteryx Ltd. 1 Asset Token	$13.21m	$493.24m

1 - 10 of 79 results

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Stablecoin Market Cap Rankings


1	Tether Holdings 6 Asset Tokens	$233.66b	$183.54b
2	Circle 3 Asset Tokens	$17.82b	$74.50b
3	Sky 1 Asset Token	$250.79m	$9.59b
4	Binance 1 Asset Token	$768.13m	$9.18b
5	Paxos 5 Asset Tokens	$779.07m	$7.61b
6	Ethena Labs 2 Asset Tokens 1 Project Token	$1.09b	$7.55b
7	Ripple 1 Asset Token	$272.44m	$2.43b
8	USDD Protocol 1 Asset Token	$27.84m	$1.51b
9	Aave 1 Asset Token	$15.47m	$697.77m
10	Techteryx Ltd. 1 Asset Token	$13.21m	$493.24m