This page shows the total circulating supply of stablecoins pegged to each fiat currency. Use the dropdown below to explore which tokens back a specific currency, how supply has changed over time, and which chains hold them.

We track stablecoin supply by reading onchain total supply values for known stablecoins directly on each chain. For lock-and-mint stablecoins, we deduct the locked amount from the source chain to avoid double counting. Beyond bridged amounts, we also deduct stablecoins held in known treasury or reserve wallets on Ethereum that are authorized but not yet in circulation. This is relevant for issuers like Tether (USDT), where a portion of the onchain supply is pre-minted and sitting in issuer-controlled wallets, representing authorized but not yet issued supply. Supply is aggregated daily. We have three inclusion rules for a stablecoin to be included: value-accruing stablecoins are excluded since they do not hold a 1:1 peg to the underlying asset (e.g. sUSDS). Stablecoins that primarily wrap other stablecoins are also excluded, unless the wrapping is part of a bridge mechanism (e.g. Aave aUSDC, IUSD, dtrinity USD). Finally, we only include stablecoins that anyone can freely hold, permissioned or institutional-only tokens are out of scope (e.g. Blackrock BUIDL). If we are missing a stablecoin, you can open a PR on our mapping file on GitHub.