Mahex
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Stablecoins

414 coins tracked via DefiLlama — circulating cap by chain and peg mechanism

Total market cap
$308,2B
Fiat-backed
$282,8B
91,7% of total
USD-pegged
$307,3B
328 coins
Largest
USDT
$183,0B

Total stablecoin market cap over time — 90d

Market-wide, source DefiLlama — money parked in stables is usually money waiting to buy

$305B$310B$315B$320B12/59/8

Individual coins

Price deviating from $1 is a stablecoin's most telling signal

CoinMechanismCirculatingPricePeg dev7dChains
USDT Tetherfiat-backed$183,0B$0,9994-0,06% -0,0%130
USDC USD Coinfiat-backed$72,2B$0,9997-0,03% +0,2%154
USDS Sky Dollarcrypto-backed$6,7B$1,0000-0,00% +2,0%7
DAI Daicrypto-backed$4,8B$1,0000-0,00% -0,1%49
USD1 World Liberty Financial USDfiat-backed$4,0B$0,9995-0,05% +0,4%8
USDe Ethena USDecrypto-backed$3,9B$0,9997-0,03% +1,1%31
USDG Global Dollarfiat-backed$3,4B$1,0000+0,00% +1,7%6
USYC Circle USYCfiat-backed$3,4B$1,1334+13,34% +0,0%2
PYUSD PayPal USDfiat-backed$2,8B$0,9998-0,02% +3,0%19
BUIDL BlackRock USDfiat-backed$2,7B$1,00000,00% +0,8%8
USDY Ondo US Dollar Yieldfiat-backed$2,4B$1,1408+14,08% +0,2%15
RLUSD Ripple USDfiat-backed$1,6B$1,0001+0,01% +7,9%2
USDD USDDcrypto-backed$1,5B$0,9994-0,06% +0,1%4
USDf Falcon USDcrypto-backed$1,2B$0,9961-0,39% -0,0%2
U United Stablescrypto-backed$1,2B$0,9994-0,06% +9,7%3
USDGO USDGOfiat-backed$1,1B$1,0003+0,03% +2,5%1
GHO GHOcrypto-backed$696,4M$0,9982-0,18% +7,7%2
YLDS YLDSfiat-backed$655,8M$0,9998-0,02% +4,4%4
USD0 Usual USDfiat-backed$550,1M$0,9987-0,13% -0,4%2
EURC EURCfiat-backed$524,5M$1,1546+15,46% +0,1%10
USX Solstice USXcrypto-backed$506,2M$0,9993-0,07% -2,0%1
TUSD TrueUSDfiat-backed$480,3M$0,9956-0,44% +0,1%10
pUSD Polymarket USDcrypto-backed$464,7M$1,0007+0,07% -7,2%1
USDTB Ethena USDtbfiat-backed$400,4M$0,9995-0,05% -0,2%2
FDUSD First Digital USDfiat-backed$350,0M$0,9975-0,25% +0,5%6
rwaUSDi rwaUSDicrypto-backed$336,3M$0,9997-0,03% -5,3%4
GUSD Gate USDfiat-backed$319,0M$0,9984-0,16% -0,0%1
apxUSD apxUSDcrypto-backed$288,7M$0,9434-5,66% +14,7%3
M M by M0fiat-backed$283,5M -3,4%8
AUSD Agora Dollarfiat-backed$230,8M$0,9993-0,07% -11,4%14
crvUSD crvUSDcrypto-backed$228,2M$0,9992-0,08% +1,2%12
BUSD Binance Peg BUSDcrypto-backed$227,9M$0,9892-1,08% -2,4%27
HUSD HUSDfiat-backed$192,3M0,0%3
reUSD Re Protocol reUSDcrypto-backed$188,9M$1,0938+9,38% +1,4%10
USAT USATfiat-backed$185,0M$0,9986-0,14% +0,0%1
EURCV EUR CoinVertiblefiat-backed$183,4M$1,1545+15,45% +4,2%4
USDai USD.AIcrypto-backed$173,1M$0,9995-0,05% +8,2%3
FLEXUSD flexUSDcrypto-backed$166,2M$0,9997-0,03% -0,0%2
satUSD River Stablecoincrypto-backed$157,4M$0,9943-0,57% +0,1%11
FRAX Fraxalgorithmic$156,8M$0,9910-0,90% +1,3%22