What is the total stablecoin market cap in 2026?

The total USD-pegged stablecoin market cap exceeds $315 billion as of April 2026. The Stablecoin Dashboard tracks over 100 stablecoins with daily updates from DefiLlama.

Which stablecoin has the largest market cap?

USDT (Tether) holds the largest stablecoin market cap at over $184 billion, followed by USDC (Circle) at over $77 billion. Together they represent over 83% of the USD stablecoin market.

How do I track stablecoin peg stability?

The Stablecoin Dashboard's Peg Watch section monitors live price deviations from $1.00 for major stablecoins including USDT, USDC, PYUSD, and RLUSD. It shows real-time prices and historical deviation data.

What are the top 10 stablecoins by circulation?

The top 10 stablecoins by circulation are: 1) USDT ($184B), 2) USDC ($77B), 3) USDS ($8.4B), 4) USDe ($5.9B), 5) DAI ($4.7B), 6) USD1 ($4.4B), 7) PYUSD ($3.9B), 8) BUIDL ($2.9B), 9) USYC ($2.7B), 10) USDY ($2.1B). Rankings updated daily on the Stablecoin Dashboard.

What is the difference between fiat-backed and crypto-backed stablecoins?

Fiat-backed stablecoins like USDT and USDC are backed by cash, Treasury bills, or bank deposits held by the issuer. Crypto-backed stablecoins like DAI are backed by cryptocurrency collateral locked in smart contracts, typically overcollateralized. A third category, algorithmic stablecoins, maintain their peg through supply adjustment mechanisms.

Which blockchains have the most stablecoin supply?

Ethereum and Tron are the two largest blockchains for stablecoin supply, together hosting over 70% of all stablecoins. Other major chains include Solana, BSC, Arbitrum, and Base. The Stablecoin Dashboard's Chains section shows detailed supply distribution across all networks.

Are there stablecoins pegged to currencies other than USD?

Yes. The Stablecoin Dashboard tracks non-USD stablecoins pegged to EUR, GBP, RUB, BRL, JPY, CHF, SGD, and other currencies. The largest non-USD stablecoin is A7A5 (RUB-pegged, ~$470M), followed by EURC (EUR-pegged, ~$468M) issued by Circle.

What is USDT dominance?

USDT dominance refers to Tether's share of the total stablecoin market. As of April 2026, USDT dominance is approximately 58%, down from over 70% in previous years as competitors like USDC, USDS, and newer entrants like PYUSD and RLUSD have gained market share.

What are tokenized Treasury stablecoins?

Tokenized Treasury stablecoins like BUIDL (BlackRock), USDY (Ondo), and USDTB (Ethena) are backed by US Treasury bills or bonds held on-chain. They combine stablecoin utility with yield from government securities. This category has grown rapidly in 2025-2026.

How often is the Stablecoin Dashboard updated?

The Stablecoin Dashboard updates daily at 00:00 UTC with end-of-day data from DefiLlama. The only exception is the Peg Watch section which shows live price data. Weekly and monthly AI-powered analysis reports are also published on the dashboard.

Stablecoin Dashboard | Track USDT, USDC & 100+ Stablecoin Market Cap, Supply & Peg Data

USD Stablecoin Circulation

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USD Stablecoins Tracked

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Stablecoin Circulation

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Market Leaderboard

All stablecoins ranked by USD circulation value · updated daily at 00:00 UTC

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Daily net minting (green) and redemptions (red). Shows whether circulation changes were gradual or driven by large single-day events.

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Distribution of stablecoin circulating supply across blockchains

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24-hour trading volume via CoinGecko

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USDT Tether

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USD1 World Liberty Financial

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Non-USD Stablecoins

Non-USD pegged stablecoins · native currency with approximate USD equivalent · est. total ~...

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