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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

$298.20b

0.31%

from 30d ago

Project Tokens Market Cap

$2.46b

50.07%

from 30d ago

Asset Tokens Monthly Transfer Volume

$2.31t

21.11%

from 30d ago

Project Tokens Monthly Transfer Volume

$14.51b

17.24%

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: $0.0000562

Volume: $33.32

24h: -0.01%

Market Cap: $9.76m

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	$31.38b	$187.46b
2	Circle 3 Asset Tokens	$7.25b	$77.00b
3	Sky 1 Asset Token	$39.99m	$9.97b
4	Binance 1 Asset Token	$516.69m	$9.18b
5	Paxos 5 Asset Tokens	$525.50m	$7.91b
6	Ethena Labs 2 Asset Tokens 1 Project Token	$327.43m	$7.84b
7	Ripple 1 Asset Token	$40.96m	$2.50b
8	USDD Protocol 1 Asset Token	$1.80m	$1.55b
9	Aave 1 Asset Token	$2.49m	$698.48m
10	Figure Certificate Company 1 Asset Token	$2.99m	$511.23m

1 - 10 of 79 results

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Stablecoins Market Data & RWA Analytics | RWA.io

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: $0.0000562

Volume: $33.32

24h: -0.01%

Market Cap: $9.76m

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	$31.38b	$187.46b
2	Circle 3 Asset Tokens	$7.25b	$77.00b
3	Sky 1 Asset Token	$39.99m	$9.97b
4	Binance 1 Asset Token	$516.69m	$9.18b
5	Paxos 5 Asset Tokens	$525.50m	$7.91b
6	Ethena Labs 2 Asset Tokens 1 Project Token	$327.43m	$7.84b
7	Ripple 1 Asset Token	$40.96m	$2.50b
8	USDD Protocol 1 Asset Token	$1.80m	$1.55b
9	Aave 1 Asset Token	$2.49m	$698.48m
10	Figure Certificate Company 1 Asset Token	$2.99m	$511.23m

1 - 10 of 79 results

Asset Tokens Market Cap

$298.20b

0.31%

from 30d ago

Project Tokens Market Cap

$2.46b

50.07%

from 30d ago

Asset Tokens Monthly Transfer Volume

$2.31t

21.11%

from 30d ago

Project Tokens Monthly Transfer Volume

$14.51b

17.24%

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.