Stablecoins are crypto tokens designed to stay worth one US dollar. They are the main way money moves into and around crypto markets, so the total supply is a good gauge of how much buying power is sitting on-chain. When supply grows, new dollars are arriving; when it shrinks, money is leaving. This page tracks the total supply, the largest stablecoins and the blockchains where they live.
The total supply of US-dollar stablecoins is $312.67B, up 0.45% in the last week and up 1.21% in the last 30 days (+$3.74B). Tether (USDT) is the largest at $184.19B. Growing stablecoin supply means more dollars are sitting on-chain, ready to be used in crypto markets; a shrinking supply means money is leaving.
Total stablecoin supply, last 12 months
Largest stablecoins
| # | Stablecoin | Supply | 1 day | 7 days | 30 days | Price | Type |
|---|---|---|---|---|---|---|---|
| 1 | USDT Tether | $184.19B | +0.08% | +0.20% | +0.45% | $1.0000 | Fiat Backed |
| 2 | USDC USD Coin | $74.32B | +0.17% | −0.72% | −0.53% | $0.9999 | Fiat Backed |
| 3 | USDS Sky Dollar | $7.02B | +4.43% | +6.37% | +6.50% | $0.9998 | Crypto Backed |
| 4 | USDe Ethena USDe | $4.96B | +1.04% | +1.17% | +14.03% | $0.9997 | Crypto Backed |
| 5 | DAI Dai | $4.79B | −0.17% | −0.04% | −0.43% | $0.9998 | Crypto Backed |
| 6 | USD1 World Liberty Financial USD | $4.45B | +0.23% | +0.43% | +4.44% | $0.9995 | Fiat Backed |
| 7 | USDG Global Dollar | $3.10B | +0.11% | −2.33% | −3.15% | $1.0000 | Fiat Backed |
| 8 | PYUSD PayPal USD | $2.89B | −0.08% | +7.59% | −0.66% | $0.9999 | Fiat Backed |
| 9 | RLUSD Ripple USD | $2.50B | −0.24% | −0.80% | +3.76% | $0.9999 | Fiat Backed |
| 10 | USYC Circle USYC | $2.40B | −0.12% | −0.14% | −8.65% | $1.1394 | Fiat Backed |
| 11 | BUIDL BlackRock USD | $2.25B | +0.04% | +0.03% | −20.22% | $1.0000 | Fiat Backed |
| 12 | USDY Ondo US Dollar Yield | $2.21B | +0.04% | +0.40% | +0.00% | $1.1486 | Fiat Backed |
| 13 | USDf Falcon USD | $1.66B | +0.00% | +37.00% | +40.87% | $0.9962 | Crypto Backed |
| 14 | USDD USDD | $1.57B | +1.10% | +1.66% | — | $0.9998 | Crypto Backed |
| 15 | U United Stables | $1.53B | −1.67% | −0.53% | +20.05% | $0.9992 | Crypto Backed |
Stablecoins by blockchain
| Chain | Stablecoin supply | Share |
|---|---|---|
| Ethereum | $146.37B | 47.6% |
| Tron | $94.25B | 30.7% |
| Solana | $16.60B | 5.4% |
| BSC | $13.30B | 4.3% |
| Hyperliquid L1 | $7.47B | 2.4% |
| Base | $5.22B | 1.7% |
| Arbitrum | $3.76B | 1.2% |
| Polygon | $2.97B | 1.0% |
| X Layer | $1.56B | 0.5% |
| Avalanche | $1.48B | 0.5% |
| Plasma | $1.36B | 0.4% |
| XRPL | $1.29B | 0.4% |
Data: DefiLlama stablecoin dashboard (US-dollar pegged supply). Updated 6 Oct 2026, 18:36 UTC. Not financial advice.
Frequently asked questions
Why does stablecoin supply matter for crypto prices?
Most crypto trading is done against stablecoins. Rising supply means more dollars are available on-chain to buy other assets, which has often been a supportive sign for the market. A falling supply means dollars are being redeemed and leaving crypto.
Which stablecoin is the largest?
Tether (USDT) has been the largest stablecoin for years, followed by USD Coin (USDC). The table on this page is ordered by current supply.
Where does the data come from?
From DefiLlama, which tracks the circulating supply of stablecoins across blockchains. Figures are refreshed every few hours.