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 Top 100 Stablecoins

Stablecoin Dashboard is a free real-time analytics platform that tracks the top 100 stablecoins by circulation, market share, peg stability, and blockchain distribution, updated daily at 00:00 UTC with data from DefiLlama and CoinGecko. Monitor USDT, USDC, DAI, USDS, USDe, PYUSD, RLUSD, BUIDL, and non-USD coins pegged to EUR, GBP, RUB, BRL, JPY, and more.

Dashboard Features

Stablecoin Circulation Chart — interactive stacked area chart showing supply trends for all 100 tracked stablecoins
Market Leaderboard — unified ranking table combining USD and non-USD stablecoins sorted by USD circulation value with mechanism and backing detail
Market Movers — top gainers and losers by supply change over customisable time periods
Chain Distribution — supply breakdown across Ethereum, Tron, Solana, Base, Arbitrum, Polygon and 20+ blockchains
Trading Volume — 24-hour trading volume, velocity metrics, and volume vs circulation analysis
AI Weekly & Monthly Analysis — AI-powered market commentary covering circulation changes, dominance shifts, chain flows, and curated news
Peg Watch — live price monitoring with historical deviation tracking for USDT, USDC, PYUSD, RLUSD and more
USD Stablecoin Cards — detailed cards with supply sparklines, chain breakdowns, and comparison tools
Non-USD Stablecoins — EUR, GBP, RUB, BRL, JPY, CHF pegged coins with native currency values and USD equivalents

Top 10 Stablecoins by Market Cap (April 2026)

USDT (Tether) — $184B — Cash & Treasury bills
USDC (Circle) — $77B — Cash & Treasury bills
USDS (Sky Dollar) — $8.4B — Backed by DAI/USDC
USDe (Ethena) — $5.9B — Delta-neutral strategy
DAI (MakerDAO) — $4.7B — Overcollateralized CDP
USD1 (World Liberty Financial) — $4.4B — US Treasuries
PYUSD (PayPal) — $3.9B — Cash & Treasury bills
BUIDL (BlackRock) — $2.9B — Tokenized Treasuries
USYC — $2.7B — Tokenized Treasuries
USDY (Ondo) — $2.1B — Tokenized Treasuries

Visit stablecoindashboard.net to explore the full interactive dashboard with live data, charts, and AI analysis.

USD Stablecoin Circulation

Top USD Stablecoin

30-Day Net Change

Largest Chain

Peg Status

USD Stablecoin Circulation

10 largest USD coins

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Market Movers

Gainers

Decliners

Net Issuance

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

Stablecoin Supply by Chain

USD coins in the top 100, by the chain the tokens sit on. Bridged copies count where they sit.

Top Chains

7-day change

Trading Volume

24-hour trading volume via CoinGecko

Volume vs. Circulation

Velocity = Volume ÷ Supply

Insights

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Weekly Analysis

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Stories Worth Reading

AI-Curated

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Stablecoin Peg Watch

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Coins

Coloured % is supply change over the selected period; grey % is each coin's share of the group shown.

USD Value is tokens in circulation at today's price. Total adds tokens minted but still held by the issuer. Adjusted leaves out copies on chains the coin was bridged to, so each token is counted once.

USD Stablecoin Circulation

Market Movers

Gainers

Decliners

Stablecoin Supply by Chain

Top Chains

Trading Volume

Volume vs. Circulation

Insights

Stablecoin Peg Watch

Coins

Stablecoin Comparison

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