Data
Stablecoins
Data as of 3 October 2026
Circulating supply for every stablecoin above $100M, in US dollars, with the peg it targets and the mechanism behind it. Supply is the quantity the issuer has outstanding across every chain it is minted on; for coins pegged to something other than the dollar it is converted at the last price. Supply moves for ordinary reasons, redemptions and new issuance, and for alarming ones, which is why the thirty-day change sits next to the total. A falling supply with a holding price is a redemption wave; a falling price with a steady supply is a market that has stopped believing the redemption promise. The table cannot tell the two apart, and says so on every page. Each row opens the coin's supply by chain, its issuer's stated mint-and-redeem process where DefiLlama records one, audit links where they exist, and its history.
48 stablecoins, by circulating supply
| # | Stablecoin | Circulating supply | 30-day | Peg | Mechanism | Chains |
|---|---|---|---|---|---|---|
| 1 | Tether (USDT) | $184.0B | +0.4% | US dollar | fiat-backed | 103 |
| 2 | USD Coin (USDC) | $74.2B | +0.5% | US dollar | fiat-backed | 127 |
| 3 | Sky Dollar (USDS) | $6.8B | +3.1% | US dollar | crypto-backed | 7 |
| 4 | Ethena USDe (USDe) | $4.9B | +15.3% | US dollar | crypto-backed | 30 |
| 5 | Dai (DAI) | $4.8B | +0.4% | US dollar | crypto-backed | 36 |
| 6 | World Liberty Financial USD (USD1) | $4.4B | +5.5% | US dollar | fiat-backed | 8 |
| 7 | Global Dollar (USDG) | $3.1B | −2.7% | US dollar | fiat-backed | 6 |
| 8 | PayPal USD (PYUSD) | $2.9B | −1.4% | US dollar | fiat-backed | 16 |
| 9 | Ripple USD (RLUSD) | $2.5B | +5.3% | US dollar | fiat-backed | 2 |
| 10 | Circle USYC (USYC) | $2.4B | −11.3% | US dollar | fiat-backed | 2 |
| 11 | BlackRock USD (BUIDL) | $2.2B | −18.5% | US dollar | fiat-backed | 8 |
| 12 | Ondo US Dollar Yield (USDY) | $2.2B | +0.4% | US dollar | fiat-backed | 14 |
| 13 | United Stables (U) | $1.6B | +22.6% | US dollar | crypto-backed | 4 |
| 14 | USDD (USDD) | $1.5B | n/a | US dollar | crypto-backed | 4 |
| 15 | Falcon USD (USDf) | $1.5B | +26.4% | US dollar | crypto-backed | 2 |
| 16 | USDGO (USDGO) | $1.2B | −4.4% | US dollar | fiat-backed | 3 |
| 17 | GHO (GHO) | $698.5M | 0.0% | US dollar | crypto-backed | 2 |
| 18 | Open USD (OUSD) | $666.2M | n/a | US dollar | fiat-backed | 4 |
| 19 | Usual USD (USD0) | $546.0M | −0.4% | US dollar | fiat-backed | 2 |
| 20 | EURC (EURC) | $536.1M | +6.2% | euro | fiat-backed | 13 |
| 21 | Ethena USDtb (USDTB) | $533.6M | +0.9% | US dollar | fiat-backed | 2 |
| 22 | YLDS (YLDS) | $512.2M | +14.1% | US dollar | fiat-backed | 3 |
| 23 | Polymarket USD (pUSD) | $489.8M | 0.0% | US dollar | crypto-backed | 1 |
| 24 | Multipli rwaUSDi (rwaUSDi) | $487.4M | +2.9% | US dollar | crypto-backed | 7 |
| 25 | TrueUSD (TUSD) | $484.2M | 0.0% | US dollar | fiat-backed | 9 |
| 26 | SoFiUSD (SOFID) | $331.6M | +5.9% | US dollar | fiat-backed | 2 |
| 27 | First Digital USD (FDUSD) | $324.6M | −2.8% | US dollar | fiat-backed | 6 |
| 28 | Gate USD (GUSD) | $319.5M | 0.0% | US dollar | fiat-backed | 1 |
| 29 | USD.AI (USDai) | $319.1M | +38.7% | US dollar | crypto-backed | 3 |
| 30 | apxUSD (apxUSD) | $310.3M | −3.0% | US dollar | crypto-backed | 3 |
| 31 | Re Protocol reUSD (reUSD) | $285.6M | +26.3% | US dollar | crypto-backed | 10 |
| 32 | crvUSD (crvUSD) | $257.5M | −9.4% | US dollar | crypto-backed | 12 |
| 33 | Agora Dollar (AUSD) | $249.0M | −12.4% | US dollar | fiat-backed | 13 |
| 34 | Binance Peg BUSD (BUSD) | $232.6M | 0.0% | US dollar | crypto-backed | 20 |
| 35 | Solstice USX (USX) | $212.4M | −15.0% | US dollar | crypto-backed | 1 |
| 36 | EUR CoinVertible (EURCV) | $209.5M | +5.8% | euro | fiat-backed | 4 |
| 37 | M by M0 (M) | $196.2M | +7.5% | US dollar | fiat-backed | 7 |
| 38 | HUSD (HUSD) | $192.3M | 0.0% | US dollar | fiat-backed | 3 |
| 39 | USAT (USAT) | $183.2M | −0.5% | US dollar | fiat-backed | 1 |
| 40 | Frax (FRAX) | $152.8M | −1.5% | US dollar | algorithmic | 14 |
| 41 | Avalon USDa (USDA) | $145.6M | 0.0% | US dollar | crypto-backed | 18 |
| 42 | River Stablecoin (satUSD) | $135.3M | −14.0% | US dollar | crypto-backed | 10 |
| 43 | CASH (CASH) | $126.4M | +0.2% | US dollar | fiat-backed | 1 |
| 44 | Avant USD (avUSD) | $124.8M | −6.5% | US dollar | fiat-backed | 2 |
| 45 | CFX MoveUSD (MOVEUSD) | $115.3M | +0.7% | US dollar | fiat-backed | 1 |
| 46 | Astherus (USDF) | $111.3M | −2.2% | US dollar | crypto-backed | 1 |
| 47 | Dola (DOLA) | $108.6M | +5.8% | US dollar | crypto-backed | 8 |
| 48 | Frax USD (FRXUSD) | $103.0M | −4.8% | US dollar | fiat-backed | 26 |
Source: DefiLlama, retrieved 3 October 2026, under its open methodology. Figures are a dated snapshot, not a live feed.