Stablecoins
The stablecoin market in one view: how much is in circulation, whether each coin is holding its peg, when its reserves were last checked, and which regulators have authorised it.
In circulation
$288.1bn
11 coins tracked
Largest two
91%
USDT and USDC share
Peg watch
1
10bp or more from peg
Reserve reports overdue
1
past their usual cycle
Peg watch
USDe is 21 basis points below its USD peg. The depeg alert fires at 25.
Tether USD · USD · 14 chains
Supply
$184.2bn
30 days
+2.1%
From peg
-3bp
Reserves: T-bills, repo, cash, gold, Bitcoin and secured loans
USD Coin · USD · 22 chains
Supply
$76.8bn
30 days
+3.4%
From peg
0bp
Reserves: Cash and short T-bills in a registered government fund
Ethena USDe · USD · 9 chains
Supply
$9.6bn
30 days
-6.8%
From peg
-21bp
Reserves: Synthetic: crypto collateral hedged with short futures
Sky Dollar (and DAI) · USD · 6 chains
Supply
$8.9bn
30 days
+0.6%
From peg
-2bp
Reserves: Over-collateralised crypto and tokenised T-bills
USD1 · USD · 5 chains
Supply
$3.1bn
30 days
+4.9%
From peg
+4bp
Reserves: T-bills, deposits and money market funds
PayPal USD · USD · 4 chains
Supply
$2.6bn
30 days
+8.2%
From peg
+1bp
Reserves: Cash, T-bills and reverse repo
Ripple USD · USD · 2 chains
Supply
$1.3bn
30 days
+11.5%
From peg
0bp
Reserves: Cash, T-bills and cash equivalents
Global Dollar · USD · 3 chains
Supply
$1.1bn
30 days
+6%
From peg
0bp
Reserves: Cash and short-dated government debt
Euro Coin · EUR · 6 chains
Supply
$420m
30 days
+5.3%
From peg
-1bp
Reserves: Euro cash at EU banks
StraitsX SGD · SGD · 4 chains
Supply
$30m
30 days
+1.2%
From peg
+3bp
Reserves: SGD cash and government securities
Sterling stablecoins (combined) · GBP · 3 chains
Supply
$20m
30 days
+14%
From peg
-9bp
Reserves: Sterling cash and gilts
Demonstration data, approximate and unverified, as at 9 November 2026. Information only, not advice. One basis point is 0.01%.
Information only, compiled from public sources with AI assistance. Not investment, legal, tax or regulatory advice, and not a recommendation to buy or sell anything. Scenarios describe what could happen and what has happened before; they are not forecasts. Prices are delayed or end-of-day. Always check the original source.
