 USDTTether USD | Tether | Non-bank company | tether.to | USD | Cash & money-market | 179.3B USDT | $0.9987 | 0.0% | 78,027,882 | 2.9% | -$50 | -2.6% | -2.1% | -2.3% | +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 | 71.3B USDC | $0.9997 | 0.0% | 9,167,443 | 16.7% | — | -3.8% | -1.1% | -5.3% | +1.9% | 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 | 6.4B USDS | $0.9997 | 0.0% | 17,724 | 12.1% | -$395.7M | -6.7% | -2.7% | +19.4% | — | 4    |
 USDeEthena USDe | Ethena | Non-bank company | app.ethena.fi | USD | Other stablecoins | 4.6B USDe | $0.9987 | ▼ 0.1% | 47,171 | 18.6% | -$27.8M | -7.5% | +17.3% | -51.3% | -1.1% | 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 | 4.6B DAI | $0.9996 | 0.0% | 709,914 | 9.5% | +$35.7M | -1.5% | -1.6% | -7.2% | +1.2% | 6  +1Avalanche |
 USD1World Liberty Financial USD | World Liberty Financial, issued by BitGo | Trust company | bitgo.com | USD | Cash & money-market | 3.9B USD1 | $0.9971 | ▼ 0.1% | 43,368 | 89.7% | -$42.3M | -12.5% | -3.0% | +30.2% | -0.4% | 11    +6Plume, AB Core, Mantle, Solana, X Layer, Ethereum |
 USDGGlobal Dollar | Paxos | Trust company | paxos.com | USD | Cash & money-market | 2.9B USDG | $0.9998 | 0.0% | 130,049 | 73.8% | -$215.0M | -7.7% | -15.8% | +188% | +10.2% | 7  +2Ethereum, Robinhood Chain |
 PYUSDPayPal USD | PayPal, issued by Paxos | Trust company | paxos.com | USD | Cash & money-market | 2.8B PYUSD | $0.9986 | 0.0% | 114,018 | 69.2% | -$252.3M | -3.2% | +2.0% | -1.7% | +5.4% | 8  +3X Layer, Arbitrum, Ethereum |
 RLUSDRipple USD | Ripple | Trust company | ripple.com | USD | Cash & money-market | 2.4B RLUSD | $1.0002 | 0.0% | 13,137 | 71.6% | -$148.7M | -3.4% | +55.9% | +147% | +2.7% | 6 +1Unichain |
 USDfFalcon USD | Falcon Finance | Non-bank company | app.falcon.finance | USD | Hedged crypto | 1.7B USDf | $0.9910 | ▼ 0.4% | 6,395 | 71.3% | -$47.9M | +11.2% | +32.6% | -17.0% | +0.3% | 2 |
 UUnited Stables | United Stables | Non-bank company | u.tech | USD | Other stablecoins | 1.6B U | $0.9990 | 0.0% | 79,471 | 97.5% | -$10.5M | +3.0% | +45.3% | — | +1.0% | 4 |
 USDDUSDD | TRON DAO Reserve | Protocol | usdd.io | USD | Other stablecoins | 1.3B USDD | $0.9987 | 0.0% | 466,533 | 76.4% | -$260.5M | +1.5% | +4.9% | +256% | +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% | 339 | 96.2% | -68.9M USDGO | +4.5% | +12.6% | — | — | 2 |
 sUSDeEthena Staked USDe | Ethena | Non-bank company | app.ethena.fi | USD | Other stablecoins | 929.4M sUSDe | $1.2539 | — | 11,732 | 27.5% | -$20.8M | — | — | — | -0.6% | 2 |
 OUSDOpen USD | Open Standard, issued by Bridge | Non-bank company | — | USD | Cash & money-market | 893.0M OUSD | $1.0006 | ▲ 0.1% | 164 | 79.3% | +$59.7M | +34.1% | — | — | — | 4 |
 GHOGHO | Aave (GHO) | Protocol | aave.com | USD | Crypto collateral | 699.0M GHO | $0.9985 | 0.0% | 8,147 | 51.2% | $0 | -0.1% | +7.7% | +63.1% | +1.6% | 4 |
 A7A5A7A5 | Old Vector (A7A5) | Non-bank company | a7a5.kg | RUB | Cash & money-market | 47.1B A7A5≈ $561.7M | $0.0119 | ▼ 85.2% | 30,910 | 98.5% | — | — | — | — | +0.7% | 2 |
 USD0Usual USD | Usual | Protocol | — | USD | Own-token / algorithmic | 541.9M USD0 | $0.9985 | ▲ 0.1% | 123,134 | 0.4% | +$124 | -0.9% | -2.1% | -0.1% | -0.1% | 2 |
 USDtbUSDtb | Ethena, issued by Anchorage Digital | Trust company | anchorage.com | USD | Cash & money-market | 514.9M USDtb | $0.9995 | 0.0% | 293,744 | 80.1% | -$2.3M | -3.6% | +28.2% | -71.9% | 0.0% | 2 |
 EURCEuro Coin | Circle | Non-bank company | circle.com | EUR | Cash & money-market | 450.9M EURC≈ $506.0M | $1.1222 | ▲ 0.1% | 27,422 | 39.3% | -$4.4M | +5.7% | +10.8% | +84.3% | +3.7% | 10 +5Solana, Stellar, Ethereum, Avalanche, World Chain |
 pUSDPolymarket USD | Polymarket (pUSD) | Protocol | docs.polymarket.com | USD | Other stablecoins | 496.5M pUSD | $1.0046 | ▼ 0.1% | — | — | +$1.5M | +3.5% | +1.0% | — | — | 1 |
 TUSDTrueUSD | Techteryx (TrueUSD) | Non-bank company | tusd.io | USD | Credit & other RWA | 494.5M TUSD | $0.9956 | ▼ 0.1% | 338,526 | 92.0% | $0 | -0.2% | +0.2% | +0.1% | +0.8% | 4 |
 SOFIDSoFiUSD | SoFi | Bank | — | USD | Cash & money-market | 300.7M SOFID | $0.9993 | 0.0% | 235 | 99.0% | -$44.5M | -9.5% | -3.5% | — | — | 2 |
 FDUSDFirst Digital USD | First Digital Labs | Non-bank company | firstdigitallabs.com | USD | Cash & money-market | 300.4M FDUSD | $0.9971 | 0.0% | 4,331 | 96.9% | -$4.2M | -7.8% | -14.2% | -61.1% | +0.7% | 4 |
 apxUSDapxUSD | Apyx | Non-bank company | accountable.apyx.fi | USD | Credit & other RWA | 285.9M apxUSD | $0.9920 | ▲ 0.3% | 1,866 | 33.8% | -$3.2M | -9.0% | -5.0% | — | — | 1 |
