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 | $77.27B | $1.56B | Undisclosed | 72 | |
| 2 | $46.58B | $74.21B | Circle | 88 | |
| 3 | $35.67B | $10.39M | Undisclosed | 74 | |
| 4 | $19.31B | $183.76B | Tether | 77 | |
| 5 | $11.15B | $4.89B | Ethena Labs | 72 | |
| 6 | $5.56B | $10.72M | Undisclosed | 74 | |
| 7 | $4.10B | $6.84B | Sky (formerly MakerDAO) | 87 | |
| 8 | $3.40B | $2.40B | Undisclosed | 74 | |
| 9 | $2.82B | $196.36M | Undisclosed | 73 | |
| 10 | $1.93B | $3.09B | Paxos Digital Singapore | 93 | |
| 11 | $1.81B | $701.2K | Undisclosed | 58 | |
| 12 | $1.70B | $4.80B | Sky (formerly MakerDAO) | 80 | |
| 13 | $1.29B | $285.10M | Undisclosed | 72 | |
| 14 | $1.29B | $2.85B | Paxos (for PayPal) | 93 | |
| 15 | $1.13B | $259.33M | Undisclosed | 70 | |
| 16 | $842.06M | $249.09M | Undisclosed | 71 | |
| 17 | $802.67M | $4.44B | World Liberty Financial | 79 | |
| 18 | $681.66M | $1.52B | Undisclosed | 70 | |
| 19 | $623.68M | $108.59M | Undisclosed | 63 | |
| 20 | $492.71M | $39.85M | Undisclosed | 72 | |
| 21 | $375.81M | $311.28M | Undisclosed | 56 | |
| 22 | $342.41M | $153.30M | Undisclosed | 54 | |
| 23 | $334.22M | $103.56M | Undisclosed | 67 | |
| 24 | $309.06M | $183.19M | Undisclosed | 69 | |
| 25 | $282.16M | $2.50B | Ripple | 89 | |
| 26 | $275.70M | $45.61M | Undisclosed | 55 | |
| 27 | $234.23M | $1.69M | Undisclosed | 55 | |
| 28 | $207.67M | $698.49M | Undisclosed | 68 | |
| 29 | $201.51M | $495.14M | Undisclosed | 70 | |
| 30 | $188.18M | $347.86M | Undisclosed | 69 | |
| 31 | $107.08M | $37.41M | Undisclosed | 56 | |
| 32 | $103.76M | $539.9K | Undisclosed | 70 | |
| 33 | $73.80M | $90.12M | Undisclosed | 69 | |
| 34 | $65.57M | $665.22M | Undisclosed | 64 | |
| 35 | $58.57M | $75.72M | Undisclosed | 63 | |
| 36 | $55.09M | $90.77M | Undisclosed | 68 | |
| 37 | $52.56M | $23.43M | Undisclosed | 61 | |
| 38 | $51.46M | $34.35M | Undisclosed | 67 | |
| 39 | $41.69M | $235.21M | Undisclosed | 47 | |
| 40 | $38.39M | $59.98M | Undisclosed | 56 | |
| 41 | $38.15M | $509.93M | Undisclosed | 64 | |
| 42 | $36.16M | $212.62M | Undisclosed | 66 | |
| 43 | $35.60M | $533.67M | Undisclosed | 64 | |
| 44 | $31.48M | $16.95M | Undisclosed | 61 | |
| 45 | $31.33M | $135.65M | Undisclosed | 49 | |
| 46 | $30.54M | $546.04M | Undisclosed | 59 | |
| 47 | $30.46M | $17.16M | Undisclosed | 68 | |
| 48 | $26.87M | $60.78M | Undisclosed | 68 | |
| 49 | $25.41M | $26.34M | Undisclosed | 52 | |
| 50 | $25.22M | $14.51M | Undisclosed | 57 |
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