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Educational analyticsEducational content only. This page is provided for general market education and does not form part of any OpenReal opportunity, subscription process, offer, recommendation, solicitation, financial promotion, or investment advice. No subscription request can be submitted from this page.•Educational analyticsEducational content only. This page is provided for general market education and does not form part of any OpenReal opportunity, subscription process, offer, recommendation, solicitation, financial promotion, or investment advice. No subscription request can be submitted from this page.•

Stablecoins

Track stablecoin market value, issuer concentration, network distribution, and category activity across tokenized asset markets.

Updated: Oct 26, 2026 at 1:03 PM UTCMethodologyData Sources

Total Stablecoin Value

$302.42B

0.88%vs prior quarter

30D Transfer Volume

—

0.72%vs prior quarter

30D Supply Growth

0.88%

0.88%vs prior quarter

Stablecoin Holders

54.8M

0.06%vs prior quarter

Stablecoin Market Value Over Time

Group By:
Distributed
DistributedTokenized
Metric
Total Value
Total ValueTransfer VolumeMint / Burn Volumes
Top Stablecoins by Market Value
Ranked by total circulating market capitalization
Distributed
DistributedTokenized
#1
TetherUSDT

$182.32B

60.3%

#2
USD CoinUSDC

$71.57B

23.7%

#3
Sky DollarUSDS

$6.82B

2.3%

#4
DaiDAI

$4.74B

1.6%

#5
Ethena USDeUSDe

$4.58B

1.5%

Issuer Market Share
Issuer concentration as % of total stablecoin supply
Tether Limited
60.3%
Circle
23.7%
Sky
2.3%
MakerDAO
1.6%
Ethena Labs
1.5%
Others
4.8%
Stablecoin Supply by Network
Stablecoin supply distributed across blockchain networks (USD Billions)
Yield by Stablecoin
Annualised yield rates across yield-generating stablecoin instruments

Stablecoin Universe

Network
Any
AnyEthereumArbitrumAvalancheBaseBNB ChainOptimismPolygonSolanaStellarSui
Pegged Asset
Any
AnyUSDEURGoldOther
Network
USDT

Tether

USDT

Tether LimitedFiat-Backed$182.32B0.00%36.5M-
TR
USDC

USD Coin

USDC

CircleFiat-Backed$71.57B0.00%14.3M-
ET
USDS

Sky Dollar

USDS

SkyFiat-Backed$6.82B0.00%1.4M6.00%
ET
DAI

Dai

DAI

MakerDAOFiat-Backed$4.74B0.00%947.1K4.00%
ET
USDe

Ethena USDe

USDe

Ethena LabsFiat-Backed$4.58B0.00%137.5K11.50%
ET
USD1

World Liberty Financial USD

USD1

World Liberty FinancialFiat-Backed$3.95B0.00%118.6K-
SO
USDG

Global Dollar

USDG

Global DollarFiat-Backed$3.08B0.00%92.4K-
X
PYUSD

PayPal USD

PYUSD

PayPalFiat-Backed$2.92B0.00%584.2K-
ET
RLUSD

Ripple USD

RLUSD

Ripple USDFiat-Backed$2.51B0.00%75.3K-
ET
BUIDL

BlackRock USD

BUIDL

BlackRockFiat-Backed$2.17B0.00%65.0K5.00%
SO

Showing 1-10 of 333 stablecoins