Stablecoins
USDT, USDC and the rest: total stablecoin supply, how each one holds its dollar peg, which chains the dollars live on and what backs them.
Stablecoin supply
How many dollars are standing on-chain, which tokens they are in, and how much of that was minted or burned today.
Outstanding supply by token. The day's change is minting and burning, not price — a stablecoin's price does not move, its quantity does.
How this is built
How many dollars are standing on-chain, which tokens they are in, and how much of that was minted or burned today.
CoinGeckoPrice, market caps, all-time highs and dominance.
CoinMarketCapThe market's second catalog: prices, caps and the market's total when CoinGecko will not answer.
The series is shown as its provider publishes it. Perly draws the chart and adds nothing to the numbers; the data remains the provider's.
Dollar peg
How well each dollar token is holding its dollar, in basis points either side of the peg.
Distance from $1.00 in basis points; a hundredth of a percent is one. Past 50 the promise is visibly not being kept. Tokens pegged to something other than the dollar are left out.
How this is built
How well each dollar token is holding its dollar, in basis points either side of the peg.
Formula(P − 1.00) × 10⁴ bp
- CoinGecko
Price, market caps, all-time highs and dominance.
- CoinMarketCap
The market's second catalog: prices, caps and the market's total when CoinGecko will not answer.
The chart and its method are Perly's; the data comes from the providers listed above and remains theirs. The method is free to reuse — please link back to this page.
Where the dollars live
Which chains the stablecoin float is standing on, and how much of it each one holds.
Stablecoin supply by chain, read off each chain's own contracts: every token is counted on the chain its issuer mints it on, less what the issuer still holds unissued. A copy wrapped onto another chain, like Binance's USDT on BNB Chain or USDT0, stays counted where its original is locked, so no dollar is counted twice. The largest tokens are read on the chains that hold most of them; the rest of the float is one row, so the shares add up to the whole.
How this is built
Which chains the stablecoin float is standing on, and how much of it each one holds.
FormulaΣ supply per chain
PublicNodeThe dollar tokens minted on Ethereum, Tron, BNB Chain, Base, Arbitrum, Polygon, Avalanche, Optimism, read from each chain's contracts through PublicNode's free nodes.
Solana RPCSolana's supply, inflation schedule, stake and largest named accounts, from the network's own public node. Also the dollar tokens minted on Solana.
HyperliquidPerpetual positions and the largest traders in the Foodchain. Also the USDC minted on its own chain.
The chart and its method are Perly's; the data comes from the providers listed above and remains theirs. The method is free to reuse — please link back to this page.
What backs the dollars
How much of the float is backed by fiat in an account, by collateral on-chain, or by a mechanism.
89.5%
$271B
14 tokens
7.9%
$24B
7 tokens
0.1%
$218M
1 token
2.6%
$8B
8 tokens
What stands behind each dollar: money in an account, collateral on-chain, or a mechanism. In May 2022 an algorithmic dollar worth about $18B lost its peg and collapsed within days — the share is worth knowing.
How this is built
How much of the float is backed by fiat in an account, by collateral on-chain, or by a mechanism.
FormulaΣ supply per backing
- CoinGecko
Price, market caps, all-time highs and dominance.
The chart and its method are Perly's; the data comes from the providers listed above and remains theirs. The method is free to reuse — please link back to this page.
The dollar float
How many stablecoin dollars exist, day by day — the closest thing this market has to a liquidity gauge.
| token | now | share | 30 days | 90 days | 1 year |
|---|---|---|---|---|---|
| All stablecoins | $297.73B | 100.0% | −$883.3M −0.3% | +$1.43B +0.5% | +$1.82B +0.6% |
| USDT Tether | $183.03B | 61.5% | −$277.3M −0.2% | −$1.08B −0.6% | +$1.06B +0.6% |
| USDC | $72.14B | 24.2% | −$2.09B −2.8% | −$1.10B −1.5% | −$3.80B −5.0% |
| USDS | $10.05B | 3.4% | +$457.6M +4.8% | +$158.3M +1.6% | +$1.82B +22.1% |
| USDE Ethena USDe | $4.68B | 1.6% | −$166.3M −3.4% | +$633.0M +15.7% | −$7.39B −61.3% |
| DAI Dai | $4.53B | 1.5% | −$58.7M −1.3% | −$104.1M −2.2% | −$110.2M −2.4% |
| Others | $23.30B | 7.8% | +$1.25B +5.7% | +$2.93B +14.4% | +$10.24B +78.4% |
Every dollar-pegged token among the largest coins, added up from our own daily record of CoinGecko's market caps: a stablecoin's market cap is its supply. Split by issuer, the five largest tokens are drawn on their own and every other one as a single line. Dollars arriving on-chain came to buy something; dollars leaving are the other half of that sentence. The record starts on 05 Sept 2025, when we began keeping it. A token listed later joins the line on its first day on record.
How this is built
How many stablecoin dollars exist, day by day — the closest thing this market has to a liquidity gauge.
FormulaΣ supply · cap(BTC)
- CoinGecko
Price, market caps, all-time highs and dominance.
The chart and its method are Perly's; the data comes from the providers listed above and remains theirs. The method is free to reuse — please link back to this page.
Price data: Powered by CoinGecko · Data provided by CoinMarketCap.com