Verify what backs a stablecoin
DIA Value computes intrinsic fair value for stablecoins from reserves and on-chain data, so backing and peg health can be verified.
Supply across all stablecoins
All 2 stablecoins combined. At least this much: 47 of 49 chains read
Share of total stablecoin supply
#2 of 98 issuers by supply
Share of non-USD stablecoin supply
of 74 non-USD stablecoins on the map
Stablecoins issued
median issuer: 1
Chains
read onchain, #1 of 98 issuers; 49 with material supply
Share of supply in lending
lower bound; above the median issuer (3.3%)
Founded / domicile
US · New York
Issuer of USDC and EURC. Through its Hashnote acquisition it also issues USYC, a tokenized money market fund that the map does not count as a stablecoin.
A Circle affiliate, First National Digital Currency Bank, N.A., operating as Circle National Trust, holds a US national trust bank charter: Circle announced final OCC approval on 10 July 2026. At launch the trust bank provides digital asset custody for Circle and its affiliates. It does not issue USDC, which Circle Internet Financial, LLC issues. Its parent, Circle Internet Group, is listed on the NYSE as CRCL.
Circle publishes monthly reserve reports examined by an outside firm, it names the entity that issues in each jurisdiction, and it documents its contract addresses in developer documentation rather than leaving them to be discovered from explorers.
Sources: Circle, transparency page, Circle, EURC product page, Circle press release, final OCC approval to establish a national trust bank (10 July 2026), Circle, US licences, Circle, USDC terms
Both stablecoins Circle issues, largest first.
| Coin | Peg | Backing | Onchain supply | Chains | Share |
|---|---|---|---|---|---|
 USDCUSD Coin | USD | Cash & money-market | 71.3B USDC |      Polygon, BSC, Arc, Hedera, Avalanche, Polkadot, Stellar, Sui, Aptos, Algorand, Monad, Optimism, Sonic, Noble, Near, XDC, Ink, Cardano, X Layer, Sei, Tron, Tempo, Starknet, RISE, Linea, Morph, Unichain, World Chain, Celo, Etherlink, Pharos, Injective, zkSync, Cronos, XRPL, Plume, Codex, Plasma, Flow, EDGE, Manta, Rootstock | 99% |
 EURCEuro Coin | EUR | Cash & money-market | 450.9M EURC |   Avalanche, Tempo, World Chain, Cronos, Plasma | 1% |
Summed across both stablecoins Circle issues, each dollar counted once. USDC is 99.3% of the total. Over 30 days, DeFiLlama's circulating supply of these stablecoins changed -3.7%, against -3.1% for all stablecoins on the map.
Supply of every coin Circle issues, summed by chain from DIA's own totalSupply() reads of the verified contracts. Each coin's tokens are converted to dollars at DIA's price for that coin, or split pro rata from its market figure where DIA has no price, so coins in different currencies can share one column. Wrapped coins are left out: their supply is already inside the coin they wrap. Each chain shows the same amount as the chain row on each coin's own page.
US$71.8B
Read on 47 chains, all in the total
Ethereum63%US$44.9B
Solana9%US$6.8B
Hyperliquid L19%US$6.4B
Base6%US$4.4B
Arbitrum3%US$2.5B
Polygon2%US$1.6B
BSC2%US$1.6B
Arc2%US$1.1B
Avalanche<1%US$358.0M
Stellar<1%US$305.6M
Sui<1%US$300.3M
Aptos<1%US$243.2M
Monad<1%US$203.0M
Optimism<1%US$161.7M
Algorand<1%US$107.6M
Sonic<1%US$93.1M
Noble<1%US$87.0M
Near<1%US$76.4M
XDC<1%US$60.0M
Ink<1%US$49.8M
Cardano<1%US$38.6M
X Layer<1%US$34.8M
Sei<1%US$31.4M
Polkadot<1%US$31.2M
Tempo<1%US$29.2M
Tron<1%US$27.9M
Starknet<1%US$27.2M
RISE<1%US$25.7M
Hedera<1%US$24.5M
Linea<1%US$24.0M
Morph<1%US$22.5M
Unichain<1%US$19.7M
World Chain<1%US$16.5M
Celo<1%US$15.7M
Etherlink<1%US$14.6M
Pharos<1%US$11.2M
Injective<1%US$11.2M
zkSync<1%US$10.6M
Cronos<1%US$8.8M
XRPL<1%US$5.0M
Plume<1%US$4.2M
Codex<1%US$4.2M
Plasma<1%US$3.7M
Flow<1%US$2.3M
Manta<1%US$1.2M
Rootstock<1%US$301.3KIn DIA's latest read, both stablecoins Circle issues sit within 5 bps of their peg. USDC's typical daily move over the last 90 days was 1.7 bps.
Today is DIA's latest daily read of each stablecoin's price against one unit of its peg currency, in basis points: 100 bps is 1% away from the peg, above (+) or below (-).
Typical daily move is the standard deviation of the daily gap between the price and the peg over the last 90 days. Largest move is the single day in the last 12 months furthest from the peg. Both come from daily closes at 00:00 UTC (DeFiLlama, with CoinGecko where DeFiLlama has no price) and match the figures on each stablecoin's own page.
EURC is priced through a daily exchange rate fixed at a different time of day from the stablecoin's close. That widens the 90-day and largest figures, so they are not comparable with the USD stablecoins' figures.
The largest move leaves out days when most other stablecoins of the same currency moved the same way: that move is the exchange rate, not the stablecoin. Left out: EURC 27 days. The same days are left out on each stablecoin's own page.
Attestation cadence is how often an independent accountant's report covers the reserves, where one is published. A stablecoin with none shown has no cadence published.
Stablecoins whose value rises by design, such as savings wrappers, have no peg figures. Their price is a yield curve, not a peg.
US$10.3B supplied to 468 lending markets on 35 protocols, summed across both stablecoins Circle issues. That is 13.9% of their onchain supply; the median across 43 issuers in lending markets is 3.3%. Yield pools live on each stablecoin's own page.
Lower bound: the balance of every Circle coin inside lending markets DIA reads onchain directly, summed. Coins that rebase or wrap another coin are left out, so the balance and the share count the same coins. The figure is gross: most of it is on loan, and borrowed stablecoins can be deposited again. Maple's institutional credit pools are counted. Their supply rates and loans outstanding come from Maple's own API. Excludes DEX liquidity, CDP collateral, and any market on a chain or protocol DIA does not yet track.
Share of issued supply is that balance over the onchain supply of all the coins Circle issues, a coin with no lending market included. Coins that rebase or wrap another coin are outside both sides: a rebasing balance moves by contract, and a wrapper's supply is already inside the coin it wraps.
Source: DIA's own reads of each lending contract. Balances, supply rates and utilisation all come from the same read. A market not refreshed in the last 3 days, holding under US$1,000, or pinned at full utilisation with runaway interest is left out.
Supply APY and borrowed are averages weighted by each market's balance, over the markets that report them: 100% of the balance for the APY, 100% for borrowed. Borrowed is the share of supplied stablecoins now on loan.
US$10.25B
supplied to 468 lending markets on 35 protocols, from 2 of Circle's 2 coins
90%
Borrowed
share of supplied stablecoins now on loan
5.52%
Average supply APY
weighted by the balance in each market
Ethereum, Hyperliquid L1, Monad, Optimism, Polygon, Unichain, World Chain38%US$3.88BBaseUSDC / cbBTCUS$1.83B4.79%89%BaseUSDC / USDeUS$384.5M3.78%84%EthereumUSDC / cbBTCUS$241.6M4.28%88%ArcUSDC / cirBTCUS$183.3M2.15%90%EthereumUSDC / PT-reUSD-10DEC2026US$144.6M7.75%85%EthereumUSDC / WBTCUS$139.8M4.28%88%BaseUSDC / WETHUS$107.0M4.77%88%BaseUSDC / mGLOUS$93.4M5.37%91%BaseUSDC / cbXRPUS$65.7M6.38%90%EthereumUSDC / weETHUS$41.4M4.38%85%EthereumUSDC / wstETHUS$34.1M4.28%88%MonadUSDC / aHYPERUS$33.8M7.05%85%EthereumUSDC / wFalconXUS$31.4M4.96%83%MonadUSDC / PT-USDat-14JAN2027US$30.5M7.32%88%EthereumUSDC / USPCUS$23.4M5.28%91%EthereumUSDC / PSTUS$23.0M8.38%91%EthereumUSDC / fxSAVEUS$22.9M1.90%70%EthereumUSDC / mF-ONEUS$22.0M6.61%89%EthereumUSDC / PT-USD3-17DEC2026US$19.4M8.84%90%BaseUSDC / cbETHUS$17.9M4.78%88%EthereumUSDC / apyUSDUS$17.2M4.27%90%EthereumUSDC / PT-USD3-17DEC2026US$15.4M7.67%91%EthereumUSDC / dCOMPNo withdrawable balanceUS$14.4M49.17%100%EthereumUSDC / USD3US$14.0M4.34%73%EthereumUSDC / wstETHUS$13.4M4.39%89%EthereumUSDC / strUSDUS$13.0M8.57%90%EthereumUSDC / steakEURCVUS$12.3M4.39%88%EthereumUSDC / PT-sUSDS-26NOV2026US$10.9M5.35%91%EthereumUSDC / WETHUS$10.2M4.39%88%MonadUSDC / earnAUSDUS$10.0M6.94%89%EthereumUSDC / OETHUS$10.0M7.76%90%Hyperliquid L1USDC / kHYPEUS$9.5M4.50%81%Hyperliquid L1USDC / WHYPEUS$9.0M9.14%92%EthereumUSDC / savUSDUS$8.8M6.33%90%BaseUSDC / SOLUS$8.7M4.30%82%BaseUSDC / mGLOUS$8.7M5.36%90%EthereumUSDC / mM1-USDUS$8.6M8.94%91%EthereumUSDC / AA_FalconXUSDCUS$8.2M4.29%85%EthereumUSDC / reUSDUS$8.0M5.20%82%EthereumUSDC / siUSDUS$7.7M7.37%89%EthereumUSDC / PT-USDat-14JAN2027US$7.6M11.35%92%EthereumUSDC / wsrUSDUS$7.3M6.31%91%EthereumUSDC / wUSCCUS$6.4M4.72%90%EthereumUSDC / stUSDSUS$6.1M4.70%91%EthereumUSDC / aguaUSDCgcUS$6.1M8.83%91%Hyperliquid L1USDC / kHYPEUS$6.1M9.14%92%BaseEURC / cbBTCUS$5.8M7.09%94%World ChainUSDC / WBTCUS$5.5M1.05%92%EthereumUSDC / PT-sUSDE-26NOV2026US$5.3M3.53%90%BaseUSDC / JitoSOLUS$5.1M4.13%79%EthereumUSDC / PT-siUSD-7JAN2027US$4.5M6.05%90%EthereumUSDC / v-wmtUSDCUS$4.5M6.00%89%BaseUSDC / savUSDUS$3.7M6.66%90%EthereumUSDC / nOPALUS$3.7M7.98%91%World ChainUSDC / WETHUS$3.7M7.03%93%EthereumUSDC / PT-apyUSD-18JUN2026US$3.6M21.07%92%BaseUSDC / sUSNUS$3.5M5.08%90%BaseUSDC / cbZECUS$3.2M6.42%90%EthereumUSDC / rETHUS$3.1M4.95%90%EthereumUSDC / CarryTradeUSDTRYLeverageUS$3.1M11.79%88%EthereumUSDC / PT-apyUSD-5NOV2026US$3.0M4.93%85%EthereumUSDC / PRIMEUS$2.9M4.24%90%BaseUSDC / cbDOGEUS$2.8M6.40%90%EthereumUSDC / mHyperBTCUS$2.7M11.44%91%BaseUSDC / cbADAUS$2.5M6.50%90%BaseUSDC / wstETHUS$2.4M4.71%88%EthereumUSDC / nALPHAUS$2.4M5.68%91%EthereumUSDC / LBTCUS$2.3M4.28%84%EthereumUSDC / wJAAAUS$2.2M3.91%90%ArbitrumUSDC / WBTCUS$2.2M3.39%91%EthereumUSDC / CARRYUS$2.1M5.55%86%EthereumUSDC / PT-trUSD-26NOV2026US$2.0M8.44%89%BaseUSDC / cbADAUS$2.0M0.71%42%MonadUSDC / aHyperBTCUS$1.9M9.40%91%MonadUSDC / USPCUS$1.9M6.39%92%BaseUSDC / cbETHUS$1.8M4.78%89%EthereumUSDC / etrUSDUS$1.8M8.51%90%EthereumUSDC / oTFYUS$1.8M17.26%95%BaseUSDC / cbXRPUS$1.8M6.18%93%EthereumUSDC / WBTCUS$1.6M4.28%88%EthereumEURC / WBTCUS$1.5M2.66%89%EthereumUSDC / PT-apxUSD-5NOV2026US$1.4M1.85%71%ArcEURC / cirBTCUS$1.3M2.05%91%World ChainUSDC / WLDUS$1.3M11.27%92%EthereumUSDC / sUSNUS$1.2M8.15%90%EthereumUSDC / cbBTCUS$1.2M4.11%88%ArbitrumUSDC / wstETHUS$1.2M3.34%91%BaseEURC / wstETHUS$1.1M6.94%94%BaseUSDC / cbHYPEUS$1.0M2.58%60%BaseUSDC / cbLTCUS$930K6.42%90%MonadUSDC / PT-reUSD-10DEC2026US$919K7.86%86%EthereumUSDC / weETHUS$883K4.30%87%EthereumEURC / wstETHUS$815K2.66%89%EthereumUSDC / PT-strUSD-26NOV2026US$756K8.55%90%BaseUSDC / cbETHUS$738K3.65%91%PolygonUSDC / WBTCUS$730K12.29%91%EthereumUSDC / PT-sUSDD-26NOV2026US$721K4.58%90%EthereumUSDC / wstETHUS$710K17.80%95%EthereumUSDC / nvPRIMEUS$697K3.75%80%BaseUSDC / superOETHbUS$683K5.08%88%EthereumUSDC / cbBTCUS$683K4.93%85%EthereumUSDC / tBTCUS$672K15.25%95%World ChainUSDCUS$672KHyperliquid L1USDC / WHYPEUS$622K4.44%81%Hyperliquid L1USDC / UBTCUS$621K9.18%92%EthereumUSDC / MORPHOUS$611K6.96%90%ArcUSDC / syrupUSDCNo withdrawable balanceUS$559K13.01%100%EthereumUSDC / ROY-ST-apyUSDUS$508K3.18%95%EthereumUSDC / ssftUSDUS$500K6.73%90%BaseUSDC / HOMEUS$500KEthereumUSDC / yoUSDUS$470K2.38%94%OptimismUSDC / WBTCUS$469K11.22%93%BaseUSDCUS$446KEthereumUSDC / ONDOUS$423K6.96%90%EthereumUSDC / PT-apxUSD-11FEB2027US$418K4.19%86%BaseUSDC / cbXRPUS$405K1.37%93%MonadUSDC / syzUSDUS$398K8.65%90%EthereumUSDC / StockMarketTRBasisTradeUS$396K8.51%90%BaseUSDC / uniBTCUS$392K11.15%86%BaseEURC / WETHUS$390K6.43%95%EthereumUSDC / mHYPERUS$379K4.47%88%EthereumUSDC / PT-apyUSD-11FEB2027US$358K3.25%84%MonadUSDC / PT-srUSDat-14JAN2027US$356K6.15%72%EthereumUSDC / YFIUS$327K14.66%92%BaseUSDC / yoUSDUS$294K16.35%93%EthereumUSDC / PGNGI+US$274K7.84%91%EthereumUSDC / AUTOUS$273K10.52%92%EthereumUSDC / LsETHUS$258K2.82%86%EthereumUSDCUS$249KEthereumUSDC / srRoyUSDCNo withdrawable balanceUS$228K88.70%100%EthereumUSDC / mAPOLLOUS$223K1.91%90%Hyperliquid L1USDC / wstHYPEUS$206K6.21%90%EthereumUSDC / stBRLUS$204K0.44%94%EthereumUSDC / syzUSDUS$201K4.17%90%EthereumUSDC / SYRUPUS$193K6.96%90%MonadUSDC / FUSDLPUS$186K2.97%90%ArbitrumUSDC / WETHUS$185K3.32%91%BaseEURC / cbETHUS$183K6.42%94%MonadUSDC / wstETHUS$183K7.18%95%ArbitrumUSDC / sUSDSUS$181K3.32%91%EthereumUSDC / wmGLOUS$139K5.10%92%EthereumUSDC / reUSDeUS$136K18.78%92%EthereumEURC / cbBTCUS$129K3.05%90%EthereumUSDC / yoUSD EdgeUS$129K4.29%95%Hyperliquid L1USDC / WHYPEUS$113K3.73%90%World ChainEURC / USDCUS$112K<0.01%1%BaseUSDC / AEROUS$106K15.07%91%MonadUSDC / WMONUS$104K8.61%91%ArbitrumUSDC / XAUt0US$104K3.70%91%World ChainEURCUS$99KBaseEURC / rETHUS$97K4.94%91%EthereumUSDC / USPUS$96K6.66%88%BaseUSDC / GROUS$94K6.23%90%EthereumUSDC / srUSDUS$80K0.06%71%EthereumUSDC / fxSAVEUS$74K8.03%77%MonadUSDC / wstETHUS$73K0.29%93%ArcUSDC / sUSDaiUS$69K4.87%90%EthereumUSDC / NGI+US$69K6.34%90%EthereumUSDC / PT-apyUSD-27AUG2026US$61K<1%EthereumUSDC / Ultra_USDUS$61K5.55%67%BaseUSDC / sjEURUS$53K1.80%96%PolygonUSDC / WETHUS$52K10.35%86%BaseUSDC / LBTCUS$52K4.78%87%EthereumUSDC / edgeUSDxUS$50K11.45%81%EthereumUSDC / nBASISUS$50K1.90%90%EthereumUSDC / nFALCONUS$50K1.54%90%MonadUSDC / XAUt0US$49K1.11%57%ArcUSDC / WETHUS$48K2.15%87%MonadUSDC / WBTCUS$47K1.63%81%EthereumUSDC / PT-sUSDat-14JAN2027US$45K2.17%55%UnichainUSDCUS$43KEthereumUSDC / PT-fxSAVE-29OCT2026US$40K3.27%74%OptimismUSDC / sUSDCUS$39K4.97%90%BaseUSDC / WELLUS$37K<1%ArbitrumUSDC / syrupUSDCNo withdrawable balanceUS$36K14.49%100%MonadUSDC / mHYPERUS$33K3.71%93%ArbitrumUSDC / sUSDaiUS$32K20.16%93%BaseUSDC / PT-apxUSD-18JUN2026US$31K<0.01%<1%ArbitrumUSDCUS$31KBaseUSDC / cbZECUS$30K16.13%94%EthereumUSDC / syrupUSDCUS$29K4.28%89%EthereumUSDC / USD0++US$29K0.02%33%OptimismUSDCUS$29KEthereumUSDC / SPXUS$29K13.90%93%ArbitrumUSDC / sUSDeUS$28K21.76%91%EthereumEURC / WETHUS$28K2.66%90%UnichainUSDC / WBTCUS$27K17.13%94%EthereumEURCUS$27KEthereumUSDC / UNIUS$26K7.15%92%BaseUSDC / deSPXAUS$25K5.46%90%BaseUSDC / YFIUS$24K7.35%90%EthereumUSDC / PT-srUSDat-14JAN2027US$24K6.66%76%BaseUSDC / eqBLOCK-SLOBR12US$24K13.41%90%World ChainEURC / WBTCUS$22KWorld ChainEURC / WETHUS$22KEthereumUSDC / mHYPERUS$22K7.59%90%PolygonUSDCUS$20KEthereumUSDC / sUSDatUS$20K6.83%82%EthereumEURC / wstETHUS$20K3.06%90%BaseUSDC / PT-sjEUR(jEURx)-2026/10/13US$20K<0.01%<1%BaseUSDC / mBASISUS$18K20.36%94%ArbitrumUSDC / thBILLUS$18K15.14%87%UnichainUSDC / WETHUS$17K10.20%91%BaseUSDC / weETHUS$17K4.79%88%EthereumUSDC / WETHUS$16K0.30%93%Hyperliquid L1USDC / PT-kHYPE-24SEP2026US$15K5.02%89%BaseUSDC / stkWELLUS$15K7.99%49%BaseUSDC / cbHYPEUS$14K0.01%2%EthereumUSDC / weETHUS$14K3.66%98%ArbitrumUSDC / GLV [WBTC-USDC]US$13K6.63%13%EthereumUSDC / WOUSDUS$13K<0.01%<1%EthereumUSDC / PT-stcUSD-29JAN2026US$12K60.48%95%EthereumUSDC / PEPEUS$12K13.91%93%EthereumUSDC / PWrUSDC-hyperUS$11KEthereumUSDC / sPOLUS$10K0.03%43%EthereumUSDC / sUSDeUS$10K0.14%92%EthereumUSDC / PT-apxUSD-27AUG2026US$10K<0.01%<1%Hyperliquid L1USDC / PT-kHYPE-19MAR2026US$9K0.08%87%BaseEURCUS$8KMonadUSDC / cbBTCUS$8K6.79%85%MonadUSDC / FUSDLPUS$8K3.45%90%EthereumUSDC / iUSDUS$7K6.33%88%ArcUSDC / PSTUS$7K4.38%87%MonadUSDC / WETHUS$7K1.82%90%Hyperliquid L1USDC / hbUSDTUS$6K115.17%99%BaseUSDC / KTAUS$6K12.94%91%PolygonUSDC / WPOLUS$6K11.65%90%BaseUSDC / SPCXcUS$6K5.72%91%BaseUSDC / wbCOINUS$6K0.03%46%BaseUSDC / weETHUS$6K65.66%97%EthereumUSDC / PT-srUSDe-15JAN2026US$5K11.44%86%OptimismUSDC / WETHUS$5K18.55%93%BaseUSDC / sjEURUS$5K<0.01%<1%BaseUSDC / jEURUS$5K<0.01%<1%ArbitrumUSDC / GM:ETH/USD[WETH-USDC]No withdrawable balanceUS$5K1000.00%100%BaseUSDC / TOSHIUS$4K11.73%89%EthereumUSDC / PT-cUSDO-20NOV2025US$4K<0.01%<1%BaseUSDC / doginmeUS$4K0.82%81%EthereumUSDC / GOLDXUS$4K4.65%86%BaseUSDC / AAPLcUS$3K5.98%91%EthereumUSDC / EIGENUS$3K<0.01%<1%EthereumUSDC / cUSDOUSDCUS$3K<0.01%2%EthereumUSDC / PT-reUSD-25JUN2026US$3K20.47%91%BaseUSDC / PT-sjEUR(jEURx)-2027/01/13No withdrawable balanceUS$2K3.54%100%BaseUSDC / HOMEUS$2KEthereumEURC / WETHUS$2K<0.01%<1%EthereumUSDC / PT-apxUSD-18JUN2026US$2K<0.01%<1%BaseUSDC / rETHUS$2K0.11%90%EthereumUSDC / wbravUSDCUS$2K<0.01%<1%EthereumUSDC / n-st-mAPOLLOUS$2KBaseUSDC / uSUIUS$2K<0.01%<1%EthereumUSDC / USD0USD0++US$2K3.43%82%EthereumUSDC / PT-USDat-27AUG2026US$1K0.02%<1%EthereumUSDC / PT-USDG-28MAY2026US$1K21.65%92%ArbitrumUSDC / PT-thBILL-18JUN2026US$1K<0.01%<1%BaseUSDC / WMTXUS$1K<0.01%<1%EthereumUSDC / srmHYPERUS$1K48.52%92%BaseUSDC / USDSUS$1K22.77%84%EthereumUSDC / PT-lvlUSD-29MAY2025US$1K4.77%90%BaseUSDC / GOOGLcUS$1K5.72%90%EthereumUSDC / COMPUS$1K6.96%90%EthereumUSDC / hsUSDfUS$1KEthereumUSDC / stGLDUS$1K0.01%5%EthereumUSDC / stMXNUS$1K<0.01%1%
Base, Ethereum, Ink, Linea, Monad, Optimism, Polygon, Sonic30%US$3.10BEthereumUSDCUS$2.35B3.86%94%BaseUSDCUS$188.2M5.53%92%ArbitrumUSDCUS$182.6M3.44%90%MonadUSDCUS$130.4M4.23%92%InkUSDCUS$69.3M4.22%73%AvalancheUSDCUS$68.2M5.67%92%EthereumEURCUS$40.9M2.88%72%PolygonUSDCUS$25.4M3.85%69%BSCUSDCUS$12.9M3.49%87%OptimismUSDCUS$9.9M7.63%95%BaseEURCUS$9.4M2.22%54%PolygonUSDCUS$3.3M1.31%88%SonicUSDCUS$1.3M0.20%93%AvalancheEURCUS$1.3M2.37%65%LineaUSDCUS$1.1M6.42%93%OptimismUSDCUS$1.1M0.20%27%ArbitrumUSDCUS$998K8.07%96%BaseUSDbCUS$150K1.49%73%12%US$1.24BEthereumUSDCUS$931.3M5.12%99%EthereumUSDCNo withdrawable balanceUS$281.9M5.48%100%EthereumUSDCNo withdrawable balanceUS$30.0M100%4%US$460.1MSolanaUSDCUS$455.7M5.72%93%SolanaEURCUS$4.5M6.39%92%Optimism, Polygon4%US$423.3MEthereumUSDCUS$375.0M3.29%90%EthereumUSDCUS$19.7M2.89%79%ArbitrumUSDCUS$14.5M3.21%88%BaseUSDCUS$9.0M5.71%91%OptimismUSDCUS$3.3M1.64%43%PolygonUSDCUS$1.2MArbitrumUSDCUS$470K1.70%43%BaseUSDbCUS$65K0.60%30%3%US$310.8MSolanaUSDCUS$134.4M4.08%87%SolanaUSDCUS$64.8M6.05%90%SolanaUSDCUS$31.5M4.88%95%SolanaUSDCUS$20.1M4.61%86%SolanaUSDCUS$20.0M4.08%92%SolanaUSDCUS$8.0M4.57%85%SolanaUSDCUS$5.7M4.89%91%SolanaUSDCUS$5.1M4.67%84%SolanaUSDCUS$5.0M4.01%95%SolanaUSDCUS$4.4M5.99%95%SolanaUSDCUS$3.7M5.45%91%SolanaUSDCNo withdrawable balanceUS$1.5M7.18%100%SolanaUSDCUS$1.2M5.76%88%SolanaUSDCUS$1.1M0.05%4%SolanaUSDCUS$1.0M1.71%45%SolanaUSDCUS$880K2.82%87%SolanaUSDCUS$509K4.20%78%SolanaUSDCUS$412K4.08%82%SolanaEURCUS$392K15.68%91%SolanaUSDCUS$270K6.92%59%SolanaUSDCNo withdrawable balanceUS$259K7.18%100%SolanaUSDCUS$163K6.25%89%SolanaUSDCUS$159K4.08%91%SolanaUSDCUS$117K4.07%87%SolanaUSDCUS$104K6.74%92%SolanaUSDCUS$29K5.17%64%SolanaUSDCUS$27K4.06%92%SolanaUSDCUS$21K1.43%22%SolanaUSDCUS$5K14.36%84%SolanaUSDCUS$5K2.67%83%
BSC, Base, Ethereum, Hyperliquid L1, Linea, Optimism, Polygon, Sei, Solana, Sonic, Stellar, Sui, Tron8%US$834.9MEthereumUSDCUS$139.8M5.92%90%EthereumUSDCUS$135.8M4.68%84%ArbitrumUSDCUS$62.1M4.23%82%SuiUSDCUS$56.0M2.33%68%Hyperliquid L1USDCUS$53.5M3.91%89%EthereumUSDCUS$53.5M6.83%93%StellarUSDCUS$51.5M5.79%76%EthereumUSDCUS$50.5M3.94%94%BSCUSDCUS$33.0M5.20%88%SuiUSDCUS$24.7M6.35%89%EthereumUSDCUS$20.5M0.50%30%SolanaUSDCUS$20.3M4.45%84%AvalancheUSDCUS$16.5M5.45%90%EthereumUSDCUS$10.3M4.14%85%AvalancheUSDCUS$8.6M1000.00%80%SolanaUSDCUS$7.9M7.63%95%AvalancheUSDCNo withdrawable balanceUS$7.8M0.18%100%EthereumUSDCUS$7.5M63%BaseUSDCUS$7.4M16.23%EthereumUSDCUS$7.2M4.42%89%BaseUSDCUS$6.8M4.62%87%BaseUSDCUS$6.5M2.73%78%EthereumUSDCUS$5.4M3.29%78%ArbitrumUSDCUS$3.7M7.08%79%AptosUSDCUS$3.3M3.74%68%EthereumUSDCUS$3.0M3.87%86%EthereumUSDCUS$2.8M3.24%81%EthereumUSDCUS$2.6M6.80%91%EthereumUSDCUS$2.6M5.15%89%PolygonUSDCUS$2.6M<0.01%50%EthereumUSDCUS$2.0M7.93%91%SuiUSDCUS$1.6M4.02%61%EthereumEURCUS$1.6M7.83%91%EthereumUSDCNo withdrawable balanceUS$1.5M17.49%100%BaseEURCUS$1.2M2.45%65%EthereumUSDCNo withdrawable balanceUS$1.2M100%AvalancheUSDC.eUS$954K1.26%38%SuiUSDCUS$791K5.71%86%EthereumUSDCUS$786K2.80%57%EthereumUSDCUS$704K2.76%83%PolygonUSDCUS$679K4.06%89%EthereumUSDCUS$489KBaseUSDCUS$462K18.04%99%SolanaUSDCUS$436K7.38%56%SeiUSDCUS$432K26.95%91%EthereumUSDCUS$431K0.23%20%BaseUSDCUS$372K6.60%79%EthereumUSDCUS$366K6.25%91%BSCUSDC / USD1US$364KBaseEURCUS$348K18.43%BSCUSDCUS$264K2.54%85%ArbitrumUSDCUS$251K6.09%80%BSCUSDC / BTCBUS$243K1.97%87%AvalancheUSDCUS$232K4.70%77%SonicUSDCUS$217K10.06%89%EthereumUSDCUS$187K1.61%64%AvalancheUSDC.eUS$177K1.85%38%AvalancheEURCNo withdrawable balanceUS$157K35.97%100%BSCUSDC / slisBNBUS$147K2.73%94%BaseUSDbCUS$135K0.05%9%StellarEURCUS$128K0.20%47%OptimismUSDCUS$119K2.58%75%EthereumUSDCUS$104K<0.01%<1%Hyperliquid L1USDCUS$99K0.10%16%AvalancheUSDCUS$98K6.82%88%EthereumUSDCNo withdrawable balanceUS$96K14.24%100%ArbitrumUSDCUS$91KEthereumUSDCUS$85KArbitrumUSDCUS$82K6.27%74%BaseUSDCUS$75K2.66%51%SolanaUSDCUS$75K1.23%21%BaseUSDCNo withdrawable balanceUS$67K10.52%100%BaseUSDCNo withdrawable balanceUS$66K4.08%100%BaseUSDCUS$62K1.26%40%AvalancheUSDCNo withdrawable balanceUS$54K94.62%99%SolanaUSDCUS$53K6.48%51%AvalancheUSDCUS$46K3.63%83%AvalancheEURCUS$45K3.29%50%StellarUSDCUS$43K5.85%80%EthereumUSDCUS$42K<0.01%<1%SonicUSDCUS$39K6.85%71%SolanaUSDCUS$38K6.99%18%EthereumUSDCUS$38KBaseUSDCNo withdrawable balanceUS$34K16.18%100%ArbitrumUSDCUS$34K3.00%87%TronUSDCOLDUS$33K2%EthereumUSDCUS$31K<0.01%<1%BaseUSDCUS$28K7.55%95%SonicUSDCUS$26K6.79%52%EthereumUSDC / sfrxETHUS$24K4.86%74%EthereumUSDCUS$21K4.48%83%EthereumUSDCUS$19K<0.01%<1%LineaUSDCUS$17K1.37%40%BSCUSDC / WBNBUS$16K3.06%94%ArbitrumUSDCUS$16K2.54%57%EthereumUSDCNo withdrawable balanceUS$16K9.90%100%BaseUSDCUS$15K0.73%31%ArbitrumUSDCUS$14K2.40%51%EthereumUSDCUS$14K<0.01%<1%EthereumUSDCUS$13K<0.01%<1%StellarUSDCUS$13K0.46%70%ArbitrumUSDCUS$11K4.66%70%EthereumUSDCUS$11K1.87%46%SolanaUSDCUS$10K1%BaseUSDCNo withdrawable balanceUS$8K19.93%100%BaseUSDbCUS$8K11%BaseUSDCUS$8KSolanaEURCUS$7K1.35%22%ArbitrumUSDCNo withdrawable balanceUS$7K23.60%99%BaseUSDCUS$6K2.91%76%AvalancheEURCUS$6K0.59%31%StellarUSDCUS$5K0.05%15%BaseEURCUS$5K<0.01%<1%EthereumUSDCUS$5K0.05%2%SolanaUSDCUS$5K0.01%2%BaseUSDCUS$4K3.43%92%BSCUSDC / wBETHUS$4K2.03%90%AvalancheUSDCUS$4K1.99%48%SonicUSDCUS$4K34.55%91%BaseUSDCUS$3K3.92%90%SolanaUSDCUS$3K<1%SolanaEURCUS$3K2.17%59%SolanaUSDCUS$3K5%EthereumUSDCUS$3K<0.01%<1%AvalancheUSDCUS$3K<0.01%<1%EthereumUSDCUS$3K<0.01%2%EthereumUSDCNo withdrawable balanceUS$3K15.19%100%EthereumUSDCUS$2K<0.01%<1%SolanaUSDCUS$2K<1%SolanaUSDCUS$2K<1%EthereumUSDCUS$2K<0.01%<1%SolanaUSDCUS$2K<1%ArbitrumUSDCUS$1K<0.01%<1%StellarEURCUS$1K0.37%60%StellarUSDCUS$1K0.06%17%BSCUSDCUS$1K7.24%90%SolanaUSDCUS$1K64%SolanaUSDCUS$1KSolanaUSDCUS$1K36.52%43%EthereumUSDCUS$1KEthereumUSDCNo withdrawable balanceUS$1K18.00%100%EthereumUSDCUS$1K1.45%52%AvalancheUSDCUS$1KEthereumin 186 lending markets54%US$5.50BBasein 91 lending markets27%US$2.79BSolanain 50 lending markets8%US$799.9MArbitrumin 28 lending markets3%US$268.9MMonadin 19 lending markets2%US$210.8MArcin 6 lending markets2%US$185.3MAvalanchein 17 lending markets1%US$104.2MSuiin 4 lending markets1%US$83.1M
Polygon, Optimism, World Chain, Aptos, Sonic, Linea, Sei, Unichain, TronOther (13 chains)3%US$314.7MEach issuer's share is its stablecoins' combined balance in the lending markets DIA reads, over their combined onchain supply. Stablecoins that rebase or wrap another stablecoin are left out of both sides. It leaves out DEX liquidity, CDP collateral and lenders DIA does not read yet, so every share is a lower bound measured the same way, and the ranking compares like with like.
The ranking counts the 43 issuers with any balance in those markets, highest share first. The median is the middle issuer of those 43.
13.9%
of issued supply sits in the lending markets DIA reads
Lower bound: leaves out DEX liquidity, CDP collateral and lenders DIA does not read yet.
Above the median issuer (3.3%)
EEA electronic money or credit institution authorised to issue an e-money token under MiCA.
Licences: MiCA EMI
New York limited-purpose trust company chartered and supervised by the New York State Department of Financial Services.
Federally chartered national trust bank supervised by the OCC.
Holds US state money transmitter licences.
Licences: NYDFS, US MSB
Licensed by the Bermuda Monetary Authority under the Digital Asset Business Act.
Regulator: Bermuda Monetary Authority
Circle publishes examination reports over the reserves behind USDC and EURC, signed by a named firm and dated. The EURC report covering the reserve as of 30 June 2026 was signed on 29 July 2026.
Two distinctions matter when reading them.
The first is that the examination opinion covers one inequality: that the reserve is equal to or greater than circulation as management defines it. It gives no separate count of the tokens. The number of tokens in existence is observable onchain, which is the half DIA reads.
The second is the assurance boundary. Part of any attestation is explicitly outside the opinion the firm gives.
Sources: EURC Examination Report, reserve as of 30 June 2026, signed 29 July 2026 (PDF), Circle, transparency page
Circle states that Circle Internet Financial Europe SAS is a licensed electronic money institution authorised to issue USDC and EURC as regulated e-money tokens under MiCA in the EEA. That is a different legal person from the group as a whole.
Authorisation and reserve disclosure remain separate fields here.
Sources: Circle, EURC product page, EURC Examination Report, reserve as of 30 June 2026, signed 29 July 2026 (PDF)
Circle publishes examination reports over its reserves, signed by a named firm and dated. The EURC report covering the reserve as of 30 June 2026 was signed on 29 July 2026. An examination is not a full financial audit, and part of any attestation sits explicitly outside the opinion the firm gives.
Circle states that Circle Internet Financial Europe SAS is a licensed electronic money institution authorised to issue USDC and EURC as regulated e-money tokens under MiCA in the EEA. That is a different legal person from the group as a whole.
Not directly. The examined assertion is that the reserve is equal to or greater than circulation as management defines it, and the accountant gives no separate count of the tokens. DIA reads the token side directly from contract state, on the chains it indexes.
This chart is DeFiLlama circulating supply. The headline figure above is mostly DIA’s onchain reads, with DeFiLlama where DIA does not read, so the last point can differ from it.
Source: DeFiLlama circulating supply Updated