Best stablecoins for payments & transfers
Payments need acceptance, not just size: a token that exists on one chain is useless to a counterparty on another. Ranked by liquidity depth weighted by how many chains it is deployed on.
| # | Issuer | ||||
|---|---|---|---|---|---|
| 1 | $103.21B | $71.88B | Circle | 91 | |
| 2 | $68.36B | $1.26B | Undisclosed | 73 | |
| 3 | $35.86B | $10.39M | Undisclosed | 73 | |
| 4 | $35.64B | $182.95B | Tether | 76 | |
| 5 | $17.13B | $4.04B | Ethena Labs | 74 | |
| 6 | $15.56B | $6.71B | Sky (formerly MakerDAO) | 89 | |
| 7 | $11.42B | $69.84M | Undisclosed | 74 | |
| 8 | $6.55B | $4.77B | Sky (formerly MakerDAO) | 85 | |
| 9 | $4.22B | $2.98B | Undisclosed | 74 | |
| 10 | $3.94B | $10.72M | Undisclosed | 73 | |
| 11 | $3.06B | $483.54M | Techteryx | 72 | |
| 12 | $2.63B | $232.95M | Undisclosed | 72 | |
| 13 | $2.62B | $234.52M | Undisclosed | 70 | |
| 14 | $2.56B | $273.06M | Undisclosed | 72 | |
| 15 | $2.44B | $2.74B | Paxos (for PayPal) | 93 | |
| 16 | $2.07B | $145.57M | Undisclosed | 72 | |
| 17 | $1.91B | $452.9K | Undisclosed | 58 | |
| 18 | $1.56B | $34.80M | Undisclosed | 69 | |
| 19 | $1.21B | $505.5K | Undisclosed | 66 | |
| 20 | $1.05B | $3.41B | Paxos Digital Singapore | 92 | |
| 21 | $981.58M | $245.79M | Undisclosed | 69 | |
| 22 | $974.30M | $190.82M | Undisclosed | 71 | |
| 23 | $903.34M | $27.84M | Undisclosed | 60 | |
| 24 | $885.58M | $175.90M | Undisclosed | 70 | |
| 25 | $777.00M | $113.96M | Undisclosed | 71 | |
| 26 | $750.97M | $4.01B | World Liberty Financial | 79 | |
| 27 | $749.67M | $1.51B | Undisclosed | 69 | |
| 28 | $745.76M | $46.20M | Undisclosed | 67 | |
| 29 | $741.91M | $550.85M | Undisclosed | 68 | |
| 30 | $722.60M | $22.51M | Undisclosed | 67 | |
| 31 | $715.23M | $1.76B | Ripple | 91 | |
| 32 | $604.81M | $106.82M | Undisclosed | 69 | |
| 33 | $480.09M | $17.93M | Undisclosed | 71 | |
| 34 | $445.60M | $9.00M | Undisclosed | 71 | |
| 35 | $391.90M | $698.23M | Undisclosed | 68 | |
| 36 | $382.29M | $303.18M | Undisclosed | 56 | |
| 37 | $368.97M | $53.39M | Undisclosed | 71 | |
| 38 | $355.37M | $29.18M | Paxos | 94 | |
| 39 | $354.35M | $100.66M | Undisclosed | 63 | |
| 40 | $317.94M | $158.41M | Undisclosed | 54 | |
| 41 | $298.98M | $30.03M | Undisclosed | 55 | |
| 42 | $228.53M | $90.12M | Undisclosed | 70 | |
| 43 | $203.53M | $13.98M | Undisclosed | 64 | |
| 44 | $173.47M | $93.63M | Undisclosed | 63 | |
| 45 | $168.07M | $126.92M | Undisclosed | 66 | |
| 46 | $162.57M | $1.77M | Undisclosed | 55 | |
| 47 | $143.08M | $463.51M | Undisclosed | 69 | |
| 48 | $136.81M | $403.72M | Undisclosed | 69 | |
| 49 | $131.39M | $62.63M | Undisclosed | 69 | |
| 50 | $119.31M | $1.17B | Falcon Finance | 59 |
Frequently asked
+ − Which stablecoin is best for sending money?
The one your counterparty can receive. In practice that means a top-tier token with deployments on the chain both sides use — reach beats a marginally better yield or fee.
+ − What is the cheapest chain for stablecoin transfers?
High-throughput L2s and Solana settle dollar transfers for fractions of a cent, versus dollars on Ethereum mainnet at busy times. Our chain pages show where each token's supply actually sits.
+ − Do stablecoin payments settle instantly?
On-chain settlement is final within seconds to a couple of minutes depending on the chain. The delay in practice is off-ramping to a bank account, not the transfer itself.
Other rankings
Largest stablecoins by market capHighest yielding stablecoinsMost stable stablecoins by peg deviationMost liquid stablecoins on-chainFastest growing stablecoinsLargest tokenized treasury fundsBest stablecoin yield right nowRWA stablecoins and tokenized real-world assetsRegulated stablecoins by jurisdiction