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Debt

The 2025 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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Analytics
Insights
DeFi
Markets
- Collections
- Launchpad
Intelligence
List Your Project

Debt

The 2025 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

$300.02b

1.69%

from 30d ago

Project Tokens Market Cap

$1.52b

-23.46%

from 30d ago

Asset Tokens Monthly Transfer Volume

$3.02t

-21.90%

from 30d ago

Project Tokens Monthly Transfer Volume

$7.61b

-20.33%

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.

Forte Tech Solution - Forte AUD

AUDC Pty Ltd - Australian Digital Dollar

Angle Labs - Angle EURA

Angle Labs - Angle USDA

BiLira - BiLira Turkish Lira

Binance - Binance-Peg BUSD

Circle - Circle - EURC

Ethena Labs - Ethena USDe

Ethena Labs - Ethena USDTb

Fathom - Fathom Dollar

First Digital Labs - First Digital USD

Frax Finance - Frax USD

Frax Finance - Frax Price Index Share

Frax Finance - Frax Ether

Gemini - Gemini Dollar

ISC - International Stable Currency

Liquity Protocol - Liquity USD

Membrane Finance - EUROe

Monerium - Monerium EUR emoney

Monerium - Monerium GBP emoney

Mountain Protocol - Mountain USD

Open Money DAO - Open Money USD

OpenEden Digital - OpenEden OpenDollar

OpenEden Digital - OpenEden TBILL Vault

PT Rupiah Token - Rupiah Token

Paxos - Global Dollar

Societe Generale - EUR CoinVertible

StraitsX - StraitsX XUSD

StraitsX - StraitsX Singapore Dollar

StraitsX - StraitsX Indonesian Rupiah

Synthetix Protocol - Synthetix sUSD

Synthetix Protocol - Synthetix sEUR

Tether Holdings - Tether USDt

Tether Holdings - Tether EURt

Tether Holdings - Tether Gold

Tether Holdings - Alloy Tether

Tether Holdings - Tether CNHt

Tether Holdings - Tether MXNt

The Fedz - The Fedz FUSD

Transfero Group - Transfero BRZ

USDD Protocol - Decentralized USD

VNX - VNX Swiss Franc

VNX - VNX British Pound

Stablecoin Market Cap Rankings

#	Name	Volume	Market Cap
1	Tether Holdings 6 Asset Tokens	$91.24b	$188.48b
2	Circle 3 Asset Tokens	$13.41b	$78.89b
3	Sky 1 Asset Token	$3.67m	$9.93b
4	Binance 1 Asset Token	$1.45b	$8.98b
5	Ethena Labs 2 Asset Tokens 1 Project Token	$335.00m	$8.89b
6	Paxos 5 Asset Tokens	$218.12m	$6.97b
7	Ripple 1 Asset Token	$114.26m	$1.36b
8	USDD Protocol 1 Asset Token	$10.67m	$799.75m
9	First Digital Labs 1 Asset Token	$1.99b	$517.86m
10	Aave 1 Asset Token	$18.34m	$494.47m

1 - 10 of 47 results

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Stablecoins Market Data & RWA Analytics | RWA.io

Stablecoin Market Cap Rankings

#	Name	Volume	Market Cap
1	Tether Holdings 6 Asset Tokens	$91.24b	$188.48b
2	Circle 3 Asset Tokens	$13.41b	$78.89b
3	Sky 1 Asset Token	$3.67m	$9.93b
4	Binance 1 Asset Token	$1.45b	$8.98b
5	Ethena Labs 2 Asset Tokens 1 Project Token	$335.00m	$8.89b
6	Paxos 5 Asset Tokens	$218.12m	$6.97b
7	Ripple 1 Asset Token	$114.26m	$1.36b
8	USDD Protocol 1 Asset Token	$10.67m	$799.75m
9	First Digital Labs 1 Asset Token	$1.99b	$517.86m
10	Aave 1 Asset Token	$18.34m	$494.47m