There are 233 stablecoins in the cryptocurrency market, with Tether (USDT) accounting for over $154 billion in market capitalization as of June 8, 2025. This represents 66 per cent of the total stablecoin market, according to data from the crypto price tracking website CoinMarketCap.
USDC, which holds the second position in terms of market capitalization, has over $61 billion, representing around 28 per cent of the stablecoin market share. Even though the stablecoin space is becoming more competitive, Tether, the company behind USDT, continues to dominate the market, according to a report by Web3 research firm Nansen published in April 2025.
In case you are wondering what stablecoins are:
Stablecoins are not Bitcoin. They are a type of cryptocurrency designed to remain stable in value, even amid the notorious volatility of the crypto market. Stablecoins are pegged to a specific asset, such as fiat currency (e.g., the US Dollar). Some are also pegged to commodities like gold.
They are used as a hedge against volatility. That’s why some crypto traders convert their Bitcoin (BTC), Ethereum (ETH), or other volatile digital assets into stablecoins whenever they anticipate high market fluctuations.
So, how many stablecoins are in the crypto market?
Below is the full list of stablecoins, featuring the top 50 by market capitalization in descending order of market share—starting with Tether USDT at number one, followed by USDC, and with USDe in third place:
- Tether (USDT) – $154,849,070,550
- USDC – $61,087,054,317
- Ethena USDe – $5,891,550,206
- Dai (DAI) – $5,365,759,691
- World Liberty Financial USD – $2,182,250,861
- First Digital USD – $1,555,615,726
- PayPal USD (PYUSD) – $1,003,559,459
- TrueUSD (TUSD) – $494,925,504
- USDD – $450,209,400
- EURC – $450,209,400
- Usual USD (USD0) – $629,667,052
- Ondo USD Dollar yield (USDY) – $629,667,052
- Falcon USD (USDf) – $572,611,727
- Ripple USD (RLUSD) – $381,881,921
- Legacy Frax Dollar (FRAX) – $314,789,817
- Global Dollar (USDG) – $290,723,075
- OpenEden OpenDollar (USDO) – $270,649,351
- GHO – $223,676,782
- Elixir deUSD (DEUSD) – $178,289,006
- STASIS EURO (UERS) – $140,915,784
- AUSD – $128,835,760
- Lift Dollar (USDL) – $112,789,566
- USDB – $80,783,973
- Frax USD (FRXUSD) – $76,674,405
- Pax Dollar (USDP) – $73,192,871
- lisUSD – $62,912,416
- Venus BUSD (vBUSD) – $60,125,940
- BUSD – $57,812,278
- Anchored Coins (AEUR) – $57,684,291
- Gemini Dollar (GUSD) – $50,002,435
- EUR CoinVertible (EURCV) – $47,682,155
- StraitsX USD (XUSD) – $47,396,299
- Eurite (EURI) – $45,617,730
- Liquity USD (LUSD) – $41,644,283
- Tether EURt – $40,922,326
- Ampleforth (AMPL) – $37,780,305
- sUSD (SUSD) – $36,559,928
- Celo Dollar (CUSD) – $35,565,060
- StandX DUSD – $30,454,467
- MNEE – $27,945,411
- Aegis YUSD – $24,266,215
- ZUSD – $19,003,594
- GYEN – $14,108,700
- Rupiah Token (IDRT) – $14,111,166
- BIDR- $12,894,034
- StabIR Euro (EURR) – $11,954,768
- Worldwide USD (WUSD) – $10,935,194
- USDJ – $10,674,804
- XSGD – $10,497,367
- Steem Dollars (SBD) – $8,393,818
- Quantoz USDQ – $7,975,253
- Original USD (OUSD) – $7,236,822
- Venus DAI (vDAI) – $6,951,880
- StabIR USD – $6,045,564
- Quantoz EURQ – $3,818,800
- VNX Swiss Franc (VCHF) – $3,764,911
- Celo EURO (CEUR)- $3,752,308
- SMARDEX USDN – $3,651,356
- Fei USD (FEI) – $3,358,455
- Verified USD (USDV) – $3,319,793
- Djed – $3,262,735
- VNX Euro – $2,654,696
- Vai – $2,587,267
- Sperax USD (USDs) – $867,499
- IDRX – $717,451
- Reflexer Ungovernance Token (FLX) – $717,577
- VNX British Pound (VGBP) – $400,416
- Standard (STND) – $307,345
- Prisma mkUSD (MKUSD) – $306,252
- TheStandard USD (USDS) – $280,695
Others are
- Empty Set Dollar (ESD)- $172,881
- BAsis Cash (BAC) – $109,432
- Currency One US (USD1)
- Stables Labs (USDX)
- Bucket protocol BUCK Stablecoin
- USDP Stablecoin (USDP)
- Overnight.fi USD+ (USD+)
- xUSD
- xDAI
- Zedxion (USDZ)
- Fathom Dollar (FXD)
- One Cash (ONC)
- DOLA
- Brazillian Digital Token (BRZ)
- Meter Stable (MTR)
- Magic Internet Money (MIM)
- Edelcoin (EDLC)
- Solayer USD (SUSD)
- Gyroscope GYD (GYD)
- Savings Dai (SDAI)
- JPYC Prepaid (JPYC)
- Moola Celo USD
- USDH
- Angle Protocol (EURA)
- MAI
- Amnis Aptos Coin (AMAPT)
- Inter Stable Token (IST)
- Decentralized USD DefiChain (DUSD)
- Tether MXNt
- EEUR (e-Money EUR)
- wanUSDT
- Tether CNHt
- Overnight.fi USD+ Optimism (USD+)
- USDA
- ZARP Stablecoin (ZARP)
- Parallel (PAR)
- BounceBit USD (BBUSD)
- USD Bancor (USDB)
- Criptodolar (UXD)
- Overnight.fi USD+Blast (USD+)
- Overnight DAI+ (DAI+)
- Karatgold Coin (KBC)
- CryptoFranc (XCHF)
- BiLira (TRYB)
- CAD Coin (CADC)
- JPY Coin v1 (JPYC)
- BRCP TOKEN (BRCP)
- dForce USD (USX)
- XIDR
- SORA Synthetic USD (XSTUSD)
- Fantom USD (FUSD)
- Moola Celo EUR (mCEUR)
- TOR
- YUSD STablecoin (YUSD)
- Coin98 Dollar (CUSD)
- Stable Coin (SBC)
- TON Bridged USDC (JUSDC)
- USDCASH
- RMBCASH
- Satoshi Stablecoin (SATS)
- Balance Coin (BLC)
- USDS
- Aave Ethereum USDT (AETHUSDT)
- Ethena Staked USDe (sUSDe)
- USD Coin Bridged (USDC.e)
- Venus USDT (vUSDT)
- OpenEden Compounding OpenDollar (CUSDO)
- crvUSD
- Venus USDC (vUSDC)
- Savings crvUSD (SCRVUSD)
- Staked Frax USD (SFRXUSD)
- Tether Avalanche Bridged (USDT.e)
- Axelar Wrapped USDC (axlUSDC)
- TON Bridged USDT (JUSDT)
- bitUSD
- bitCNY
- NuBits
- bitGold
- Xaurum (XAUR)
- bitEUR
- HelloGold (HGT)
- Single Collateral DAI (SAI)
- Qcash (QC)
- Digix Gold Token (DGX)
- Italian Lira (ITL)
- Stably USD Classic (USDSC)
- Constant (CONST)
- Diamond Platform Token (DPT)
- EOSDT
- USDQ
- USDK
- xEURO
- Binance GBP Stable Coin (BGBP)
- 1irstGold (1GOLD)
- HUSD
- EURBASE
- TerraKRW
- Binance KRW
- eToro United States Dollar (USDEX)
- Compound USDT (CUSDT)
- mStable USD (MUSD)
- USDX
- Reserve Dollar (RSV)
- DefiDollar (DUSD)
- USDL
- Unbound Ethereum (UETH)
- Binance VND (BVND)
- Basis Dollar (BSD)
- Dynamic Set Dollar (DSD)
- Stand Cash (SAC)
- USDEX
- Universal Dollar (U8D)
- Zytara dollar (ZUSD)
- YF Link USD (YFLUSD)
- USDFreeLiquidity (USDFL)
- Midas Dollar Share (MDS)
- Midas Dollar (MDO)
- Alchemix USD (ALUSD)
- Float Protocol: Float (FLOAT)
- Frapped USDT (fUSDT)
- Fluity USD (FLUSD)
- sEUR
- Iron
- Zerogoki USD (zUSD)
- ARTH Valuecoin (ARTH)
- Bond Appetite USD (USDAP)
- Zasset zUSD (ZUSD)
- Bean
- Coffin Finance (COFFIN)
- Coffin DOllar (COUSD)
- xDollar Stablecoin (XUSD)
- dHEDGE Stablecoin Yield (DUSD)
- nUSD HotBit (HotBit)
- xUSD Token (XUSD)
- Statik (STATIK)
- Alpaca USD (AUSD)
- FEG Wrapped USDT (fUSDT)
- Moremoney USD (MONEY)
- Fuse Dollar (FUSD)
- USN
- H20
- Mad USD (MUSD)
- USDEX
- SpicesUSD (USDS)
- Inflation Adjusted USDS (IUSDS)
- OneICHI
- USDi
- Ratio Stable Coin (USDR)
- British Pound Tether (GBPT)
- SpiceEURO (EUROS)
- WEMIX Dollar (WEMIX$)
- MIDAS (MDS)
- QCAD
- RUBCASH
- DRAM
- Consortium Naira (CNGN)
- ULTRA Prisma Finance (ULTRA)
- YieldFi STable Token (SUSD)
- Avalon Labs sUSDa (USDN)
- Neutral AI (USDN)
- Bima (USBD)
- USDFC
- Noble Dollar (USDN)
Note: Some of the stablecoins listed on CoinMarketCap (CMC) have no data probably because of inactivity on their network or because of difficulties fetching their data.