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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

$311.87B

+0.01%

24h Volume

$80.22B

traded

Stablecoins

421

tracked

Networks

208

chains

Top asset

USDT

58.6% dom.

USD pegged

99.5%

of value

Key takeaways

Market size

The stablecoin market is worth $311.87B, +0.01% over the last 24h across 421 tracked coins and 208 chains.

Concentration

USDT leads with 58.6% of the market and USDC follows at 23.7% — the top two alone are 82% of all stablecoin value.

24h net flow

Net issuance of $44.04M 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

99.5% of stablecoin value is US-dollar pegged; the remainder spans EUR, BRL, RUB and other currencies.

Total Market Cap

Aggregate stablecoin supply over time

$320.21B
$110.1K
Nov 29, 2017
Sep 3, 2026

Denomination Share

Stablecoin value by pegged currency

Nov 2017
Sep 2026
USD
EUR
RUB
JPY
CHF
GBP
Other

By Mechanism

How each stablecoin holds its peg

Fiat-backed $285.77B 91.6%
Crypto-backed $25.42B 8.2%
Algorithmic $668.85M 0.2%
Other $2.51M 0.0%

Top Stablecoins

Market-cap share

USDT
$182.91B 58.6%
USDC
$73.79B 23.7%
USDS
$6.64B 2.1%
DAI
$4.77B 1.5%
USDe
$4.26B 1.4%
USD1
$4.21B 1.4%
USDG
$3.19B 1.0%
USYC
$3.05B 1.0%

By Chain

Where stablecoin value lives

Ethereum
$146.85B 48.4%
Tron
$93.19B 30.7%
Solana
$15.87B 5.2%
BSC
$13.34B 4.4%
Hyperliquid L1
$6.83B 2.3%
Base
$4.88B 1.6%
Arbitrum
$3.52B 1.2%
Polygon
$3.14B 1.0%
X Layer
$1.76B 0.6%
Avalanche
$1.44B 0.5%
Aptos
$1.23B 0.4%
XRPL
$1.11B 0.4%
Others (163)
$10.05B 3.3%

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