Stablecoin Market Cap
Dollar stablecoins add up to $314.05 billion in circulation, a change of +0.6% over the past seven days.
By issuer
Supply and 7-day change for the largest stablecoins.
By blockchain
Where stablecoins are issued or bridged.
How to read this data
What the numbers measure and why they matter.
What counts
Tokens designed to track the US dollar, whether backed by cash and bonds, by crypto collateral or by hedged positions.
Why supply matters
New stablecoins usually mean new dollars entering crypto. Falling supply means money is leaving.
Where they live
Most stablecoins sit on Ethereum and Tron, but Solana, BNB Chain and layer 2s are growing fast.
About this page
The stablecoin market cap is the combined supply of tokens built to track the US dollar. This page counts the dollar stablecoins DefiLlama tracks and splits the total two ways: by issuer, with Tether's USDT and Circle's USDC shown on their own, and by blockchain, from Ethereum and Tron to Solana, BNB Chain and layer 2 networks such as Base and Arbitrum.
Supply works as a gauge of cash inside crypto. New stablecoins usually mean new dollars entering the market, and shrinking supply means money is leaving. The difference between a stablecoin and other cryptocurrency is the price target: bitcoin and ether float with demand, while a stablecoin aims to stay at one dollar through cash reserves, crypto collateral or hedged positions.
Figures come from DefiLlama and refresh every hour, and the chart follows the total, USDT and USDC over periods from a day to a year. Supply measures how many tokens circulate. It does not show whether a stablecoin is fully backed or how well it holds its peg, so read it as a size measure, not a quality rating.
Questions
Short answers to what people ask most.
Dollar stablecoins total $314.05 billion, a change of +0.6% over the past week.
A stablecoin is a cryptocurrency built to hold a fixed value, usually one US dollar. Bitcoin, ether and most other coins have no price target and move with demand.
Tether's USDT, followed by Circle's USDC. The issuer table lists each stablecoin's supply, share of the total and 7-day change.
Only dollar stablecoins: tokens built to follow the US dollar. Backing by cash and bonds, by crypto collateral or by hedged positions does not change that.
Ethereum holds the largest share of stablecoin supply, with Tron second. The blockchain table shows the supply and share on each network.
No. Supply counts the tokens in circulation. It says nothing about the quality of the reserves or how well a coin holds its peg.
More data
Other datasets from the data center.