cryptonist

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

Every stablecoin in the set, sorted by circulating supply. Click a column heading to re-sort. Source: DefiLlama, 3 October 2026.
# StablecoinCirculating supply30-dayPegMechanismChains
1 Tether (USDT)$184.0B+0.4%US dollarfiat-backed103
2 USD Coin (USDC)$74.2B+0.5%US dollarfiat-backed127
3 Sky Dollar (USDS)$6.8B+3.1%US dollarcrypto-backed7
4 Ethena USDe (USDe)$4.9B+15.3%US dollarcrypto-backed30
5 Dai (DAI)$4.8B+0.4%US dollarcrypto-backed36
6 World Liberty Financial USD (USD1)$4.4B+5.5%US dollarfiat-backed8
7 Global Dollar (USDG)$3.1B−2.7%US dollarfiat-backed6
8 PayPal USD (PYUSD)$2.9B−1.4%US dollarfiat-backed16
9 Ripple USD (RLUSD)$2.5B+5.3%US dollarfiat-backed2
10 Circle USYC (USYC)$2.4B−11.3%US dollarfiat-backed2
11 BlackRock USD (BUIDL)$2.2B−18.5%US dollarfiat-backed8
12 Ondo US Dollar Yield (USDY)$2.2B+0.4%US dollarfiat-backed14
13 United Stables (U)$1.6B+22.6%US dollarcrypto-backed4
14 USDD (USDD)$1.5Bn/aUS dollarcrypto-backed4
15 Falcon USD (USDf)$1.5B+26.4%US dollarcrypto-backed2
16 USDGO (USDGO)$1.2B−4.4%US dollarfiat-backed3
17 GHO (GHO)$698.5M0.0%US dollarcrypto-backed2
18 Open USD (OUSD)$666.2Mn/aUS dollarfiat-backed4
19 Usual USD (USD0)$546.0M−0.4%US dollarfiat-backed2
20 EURC (EURC)$536.1M+6.2%eurofiat-backed13
21 Ethena USDtb (USDTB)$533.6M+0.9%US dollarfiat-backed2
22 YLDS (YLDS)$512.2M+14.1%US dollarfiat-backed3
23 Polymarket USD (pUSD)$489.8M0.0%US dollarcrypto-backed1
24 Multipli rwaUSDi (rwaUSDi)$487.4M+2.9%US dollarcrypto-backed7
25 TrueUSD (TUSD)$484.2M0.0%US dollarfiat-backed9
26 SoFiUSD (SOFID)$331.6M+5.9%US dollarfiat-backed2
27 First Digital USD (FDUSD)$324.6M−2.8%US dollarfiat-backed6
28 Gate USD (GUSD)$319.5M0.0%US dollarfiat-backed1
29 USD.AI (USDai)$319.1M+38.7%US dollarcrypto-backed3
30 apxUSD (apxUSD)$310.3M−3.0%US dollarcrypto-backed3
31 Re Protocol reUSD (reUSD)$285.6M+26.3%US dollarcrypto-backed10
32 crvUSD (crvUSD)$257.5M−9.4%US dollarcrypto-backed12
33 Agora Dollar (AUSD)$249.0M−12.4%US dollarfiat-backed13
34 Binance Peg BUSD (BUSD)$232.6M0.0%US dollarcrypto-backed20
35 Solstice USX (USX)$212.4M−15.0%US dollarcrypto-backed1
36 EUR CoinVertible (EURCV)$209.5M+5.8%eurofiat-backed4
37 M by M0 (M)$196.2M+7.5%US dollarfiat-backed7
38 HUSD (HUSD)$192.3M0.0%US dollarfiat-backed3
39 USAT (USAT)$183.2M−0.5%US dollarfiat-backed1
40 Frax (FRAX)$152.8M−1.5%US dollaralgorithmic14
41 Avalon USDa (USDA)$145.6M0.0%US dollarcrypto-backed18
42 River Stablecoin (satUSD)$135.3M−14.0%US dollarcrypto-backed10
43 CASH (CASH)$126.4M+0.2%US dollarfiat-backed1
44 Avant USD (avUSD)$124.8M−6.5%US dollarfiat-backed2
45 CFX MoveUSD (MOVEUSD)$115.3M+0.7%US dollarfiat-backed1
46 Astherus (USDF)$111.3M−2.2%US dollarcrypto-backed1
47 Dola (DOLA)$108.6M+5.8%US dollarcrypto-backed8
48 Frax USD (FRXUSD)$103.0M−4.8%US dollarfiat-backed26

Source: DefiLlama, retrieved 3 October 2026, under its open methodology. Figures are a dated snapshot, not a live feed.