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Market intelligence

Stablecoin Insights

What's actually happening across the stablecoin market right now — size, flows, dominance, denomination, chains and on-chain usage in one read.

Market Cap

$306.46B

+0.23%

24h Volume

$70.23B

traded

Stablecoins

424

tracked

Networks

209

chains

Top asset

USDT

59.6% dom.

USD pegged

99.4%

of value

Key takeaways

Market size

The stablecoin market is worth $306.46B, +0.23% over the last 24h across 424 tracked coins and 209 chains.

Concentration

USDT leads with 59.6% of the market and USDC follows at 23.5% — the top two alone are 83% of all stablecoin value.

24h net flow

Net issuance of $700.35M in the last day — the market is expanding.

Fastest grower

US Permissionless Dollar (USPD) grew its supply +27559.94% this week — the quickest expansion among sizeable stablecoins.

Chain leadership

Ethereum now hosts 48% of all stablecoin value on-chain, the largest share of any network.

Denomination

99.4% of stablecoin value is US-dollar pegged; the remainder spans EUR, BRL, RUB and other currencies.

Total Market Cap

Aggregate stablecoin supply over time

$314.87B
$110.1K
Nov 29, 2017
Oct 22, 2026

Denomination Share

Stablecoin value by pegged currency

Nov 2017
Oct 2026
USD
EUR
RUB
JPY
CHF
BRL
Other

By Mechanism

How each stablecoin holds its peg

Fiat-backed $278.20B 90.8%
Crypto-backed $27.60B 9.0%
Algorithmic $662.22M 0.2%
Other $1.69M 0.0%

Top Stablecoins

Market-cap share

USDT
$182.51B 59.6%
USDC
$72.04B 23.5%
USDS
$6.84B 2.2%
DAI
$4.74B 1.5%
USDe
$4.65B 1.5%
USD1
$3.98B 1.3%
USDG
$3.10B 1.0%
PYUSD
$2.90B 0.9%

By Chain

Where stablecoin value lives

Ethereum
$143.23B 47.6%
Tron
$94.37B 31.3%
Solana
$15.66B 5.2%
BSC
$13.63B 4.5%
Hyperliquid L1
$7.03B 2.3%
Base
$5.07B 1.7%
Arbitrum
$3.61B 1.2%
Polygon
$2.86B 0.9%
X Layer
$1.49B 0.5%
Avalanche
$1.35B 0.4%
Plasma
$1.32B 0.4%
Robinhood Chain
$1.07B 0.4%
Others (158)
$10.38B 3.4%

Market & supply data via DefiLlama, trading volume via CoinGecko. Not investment advice.