 USDTTether USD | Tether | Non-bank company | tether.to | USD | Cash & money-market | 179.1B USDT | $0.9984 | 0.0% | 78,047,334 | 3.5% | -$5.0B | -2.9% | -2.3% | -2.6% | +1.3% | 35     +30Kaia, Kava, Near, Omni, Tron, Aptos, Flare, Manta, Monad, Morph, Tempo, Tezos, Mantle, Plasma, Solana, Stable, Conflux, MegaETH, Polygon, X Layer, Arbitrum, Ethereum, Optimism, Polkadot, Unichain, Avalanche, Berachain, Etherlink, Rootstock, Hyperliquid L1 |
 USDCUSD Coin | Circle | Non-bank company | circle.com | USD | Cash & money-market | 70.9B USDC | $0.9998 | 0.0% | 9,177,990 | — | — | -4.1% | -1.5% | -5.5% | +2.0% | 47  +42XDC, Base, Celo, EDGE, Flow, Near, RISE, Tron, XRPL, Aptos, Codex, Linea, Manta, Monad, Morph, Noble, Plume, Sonic, Tempo, Cronos, Hedera, Pharos, Plasma, Solana, zkSync, Cardano, Polygon, Stellar, X Layer, Algorand, Arbitrum, Ethereum, Optimism, Polkadot, Starknet, Unichain, Avalanche, Etherlink, Injective, Rootstock, World Chain, Hyperliquid L1 |
 USDSUSDS | SkyNo central issuer (protocol) | Protocol | financial.skyeco.com | USD | Other stablecoins | 6.5B USDS | $0.9996 | 0.0% | 17,751 | 12.7% | -$270.9M | -5.2% | -2.7% | +21.4% | — | 4    |
 USDeEthena USDe | Ethena | Non-bank company | app.ethena.fi | USD | Other stablecoins | 4.6B USDe | $0.9989 | ▼ 0.1% | — | — | +$41.5M | -6.6% | +18.0% | -50.5% | -1.0% | 20  +15Metis, Monad, Mantle, Plasma, Scroll, Solana, zkSync, X Layer, Arbitrum, Ethereum, Optimism, Avalanche, Berachain, Hyperliquid L1, Robinhood Chain |
 DAIDai | SkyNo central issuer (protocol) | Protocol | financial.skyeco.com | USD | Other stablecoins | 4.5B DAI | $0.9997 | 0.0% | 710,334 | 9.6% | +$1.8M | -1.7% | -1.8% | -7.8% | +1.3% | 6  +1Avalanche |
 USD1World Liberty Financial USD | World Liberty Financial, issued by BitGo | Trust company | bitgo.com | USD | Cash & money-market | 3.9B USD1 | $0.9982 | ▼ 0.1% | 43,032 | 86.3% | -$55.9M | -13.3% | -3.9% | +29.1% | -1.1% | 11    +6Plume, AB Core, Mantle, Solana, X Layer, Ethereum |
 USDGGlobal Dollar | Paxos | Trust company | paxos.com | USD | Cash & money-market | 2.9B USDG | $0.9997 | 0.0% | 130,977 | 73.2% | -$247.9M | -9.6% | -18.6% | +182% | +10.8% | 7  +2Ethereum, Robinhood Chain |
 PYUSDPayPal USD | PayPal, issued by Paxos | Trust company | paxos.com | USD | Cash & money-market | 2.7B PYUSD | $0.9990 | 0.0% | 114,149 | 69.9% | -$281.8M | -7.0% | -2.4% | -5.1% | +5.2% | 8  +3X Layer, Arbitrum, Ethereum |
 RLUSDRipple USD | Ripple | Trust company | ripple.com | USD | Cash & money-market | 2.6B RLUSD | $0.9997 | 0.0% | 13,089 | 67.8% | -$45.3M | +1.5% | +63.8% | +160% | +2.3% | 6 +1Unichain |
 USDfFalcon USD | Falcon Finance | Non-bank company | app.falcon.finance | USD | Hedged crypto | 1.7B USDf | $0.9930 | ▼ 0.3% | 6,390 | 71.3% | -$48.0M | +0.6% | +32.7% | -17.1% | +0.1% | 2 |
 UUnited Stables | United Stables | Non-bank company | u.tech | USD | Other stablecoins | 1.6B U | $0.9980 | ▼ 0.1% | 79,471 | 97.5% | -$15.5M | +3.0% | +44.4% | — | +1.0% | 4 |
 USDDUSDD | TRON DAO Reserve | Protocol | usdd.io | USD | Other stablecoins | 1.3B USDD | $0.9988 | 0.0% | 466,585 | 77.4% | -$232.1M | -5.1% | -0.7% | +239% | +0.1% | 3 |
 USDGOUSDGO | OSL Group, issued by Anchorage Digital | Trust company | anchorage.com | USD | Cash & money-market | 1.2B USDGO | $1.0000 | 0.0% | 338 | 95.8% | -$76.9M | +0.9% | +9.2% | — | — | 2 |
 sUSDeEthena Staked USDe | Ethena | Non-bank company | app.ethena.fi | USD | Other stablecoins | 912.1M sUSDe | $1.2524 | — | 11,720 | 27.2% | -$44.7M | — | — | — | -0.6% | 2 |
 OUSDOpen USD | Open Standard, issued by Bridge | Non-bank company | — | USD | Cash & money-market | 881.5M OUSD | $0.9988 | ▼ 0.2% | 168 | 78.7% | +$51.3M | +31.7% | — | — | — | 4 |
 GHOGHO | Aave (GHO) | Protocol | aave.com | USD | Crypto collateral | 699.0M GHO | $0.9995 | 0.0% | 8,145 | 49.5% | $0 | -0.1% | +7.7% | +63.2% | +1.4% | 4 |
 A7A5A7A5 | Old Vector (A7A5) | Non-bank company | a7a5.kg | RUB | Cash & money-market | 47.1B A7A5≈ $561.6M | $0.0119 | ▼ 0.2% | 30,934 | 98.3% | — | — | — | — | +0.8% | 2 |
 USD0Usual USD | Usual | Protocol | — | USD | Own-token / algorithmic | 541.7M USD0 | $0.9987 | ▲ 0.1% | 123,128 | 0.4% | -$199.4K | -0.9% | -2.2% | -0.3% | -0.1% | 2 |
 USDtbUSDtb | Ethena, issued by Anchorage Digital | Trust company | anchorage.com | USD | Cash & money-market | 514.9M USDtb | $0.9997 | 0.0% | 293,743 | 70.8% | -$1.7M | -3.6% | +28.2% | -71.9% | 0.0% | 2 |
 EURCEuro Coin | Circle | Non-bank company | circle.com | EUR | Cash & money-market | 451.3M EURC≈ $505.3M | $1.1197 | ▲ 0.3% | — | — | -$6.4M | +6.6% | +10.9% | +85.6% | +3.8% | 10 +5Solana, Stellar, Ethereum, Avalanche, World Chain |
 TUSDTrueUSD | Techteryx (TrueUSD) | Non-bank company | tusd.io | USD | Credit & other RWA | 494.5M TUSD | $0.9989 | ▼ 0.1% | 338,525 | 91.9% | $0 | -0.1% | +0.4% | +0.1% | +0.7% | 4 |
 pUSDPolymarket USD | Polymarket (pUSD) | Protocol | docs.polymarket.com | USD | Other stablecoins | 487.4M pUSD | $0.9989 | ▼ 0.1% | — | — | -$6.8M | +1.7% | -0.3% | — | — | 1 |
 SOFIDSoFiUSD | SoFi | Bank | — | USD | Cash & money-market | 306.4M SOFID | $0.9991 | 0.0% | 219 | 98.7% | -$44.2M | -7.8% | -1.7% | — | — | 2 |
 FDUSDFirst Digital USD | First Digital Labs | Non-bank company | firstdigitallabs.com | USD | Cash & money-market | 301.7M FDUSD | $0.9963 | ▼ 0.1% | 4,335 | 94.8% | -$816.3K | -7.5% | -13.9% | -61.0% | +0.8% | 4 |
 apxUSDapxUSD | Apyx | Non-bank company | accountable.apyx.fi | USD | Credit & other RWA | 285.9M apxUSD | $0.9900 | ▲ 0.2% | — | — | -$3.2M | -9.1% | -5.9% | — | — | 1 |
