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What are the largest US-dollar stablecoins right now?

Short answer

The five largest dollar stablecoins in our data are USDT ($183.4B), USDC ($72.7B), USDS ($7.0B), DAI ($4.7B), USDE ($4.7B). Together the 100 listed here hold about $304.2B; the two largest alone account for 84% of it.

Dollar stablecoins differ in what backs them (cash and T-bills, crypto collateral, or a trading strategy), in who can mint and redeem them, and in whether they pay anything. Circulation is the most direct measure of how widely one is used. Figures are refreshed daily from DefiLlama’s open stablecoin data and the issuers we track directly; the top 100 are shown.

How this list is made: computed from the live TokenBank dataset each time the page is built — 100 matching rows, each linked to its own page and source.

Figures from our live dataset · data as of 2026-11-11 · this answer as JSON · not investment advice

TokenIssuerYield / returnMinimumKYC to buyChain
USDT
Tether
TetherNo yield—No KYC on a DEXTron / Ethereum / BSC (+127)
USDC
USD Coin
CircleNo yield—No KYC on a DEXEthereum / Hyperliquid L1 / Solana (+154)
USDS
Sky Dollar
Sky (formerly MakerDAO)No yield—No KYC on a DEXEthereum / Solana / Base (+4)
DAI
Dai
Sky (formerly MakerDAO)No yield—No KYC on a DEXEthereum / Polygon / Fantom (+46)
USDE
Ethena USDe
—No yield—Not statedEthereum / Plasma / Solana (+28)
USD1
World Liberty Financial USD
—No yield—Not statedEthereum / Solana / BSC (+5)
USDG
Global Dollar
Paxos (Global Dollar Network)No yield—No KYC on a DEXX Layer / Robinhood Chain / Solana (+5)
PYUSD
PayPal USD
Paxos (for PayPal)No yield—No KYC on a DEXEthereum / Solana / Arbitrum (+16)
RLUSD
Ripple USD
RippleNo yield—No KYC on a DEXEthereum / XRPL
USDD
USDD
—No yield—Not statedTron / Ethereum / BSC (+1)
USDF
Falcon USD
—No yield—Not statedEthereum / BSC
U
United Stables
—No yield—Not statedBSC / Ethereum / Tron (+1)
USDGO
USDGO
—No yield—Not statedSolana / Morph / Ethereum
sUSDf
Falcon USDf (staked)
Falcon Finance~3.66% (variable)
checked 9 Nov 2026
NoneNo KYC on a DEXEthereum
OUSD
Open USD
—No yield—Not statedTempo / Ethereum / Base (+1)
GHO
GHO
AaveNo yield—No KYC on a DEXEthereum / Monad
USDX
USDX Money USDX
—No yield—Not statedBSC / Arbitrum / Ethereum
USD0
Usual USD
—No yield—Not statedEthereum / Arbitrum
USDTB
Ethena USDtb
—No yield—Not statedEthereum / Solana
RWAUSDI
Multipli rwaUSDi
—No yield—Not statedEthereum / Base / Monad (+4)
TUSD
TrueUSD
—No yield—Not statedEthereum / Tron / BSC (+7)
PUSD
Polymarket USD
—No yield—Not statedPolygon
SOFID
SoFiUSD
—No yield—Not statedSolana / Ethereum / Monad (+2)
sUSDai
usd.ai (staked)
usd.ai~6.77% (variable)
checked 9 Nov 2026
NoneNo KYC on a DEXArbitrum
GUSD
Gate USD
—No yield—Not statedEthereum
FDUSD
First Digital USD
First DigitalNo yield—No KYC on a DEXEthereum / BSC / Sui (+3)
APXUSD
apxUSD
—No yield—Not statedEthereum / Base / BSC (+1)
USDAI
USD.AI
—No yield—Not statedArbitrum / Plasma / Ethereum
CRVUSD
crvUSD
—No yield—Not statedEthereum / Arbitrum / OP Mainnet (+9)
BUSD
Binance Peg BUSD
—No yield—Not statedBSC / Avalanche / Meter (+24)
AUSD
Agora Dollar
—No yield—Not statedMonad / Ethereum / Immutable zkEVM (+11)
USX
Solstice USX
—No yield—Not statedSolana
M
M by M0
—No yield—Not statedEthereum / Monad / Solana (+5)
HUSD
HUSD
—No yield—Not statedEthereum / Tron / Solana
USAT
USAT
—No yield—Not statedEthereum
FLEXUSD
flexUSD
—No yield—Not statedEthereum / smartBCH
MUST
Mustang Finance
—No yield—Not statedSaga
FRAX
Frax
—No yield—Not statedEthereum / Fraxtal / Arbitrum (+19)
USDA
Avalon USDa
—No yield—Not statedEthereum / Movement / BSC (+16)
CASH
CASH
—No yield—Not statedSolana
SATUSD
River Stablecoin
—No yield—Not statedBSC / BOB / Base (+8)
AVUSD
Avant USD
—No yield—Not statedAvalanche / Monad
MOVEUSD
CFX MoveUSD
—No yield—Not statedSolana
DOLA
Dola
—No yield—Not statedEthereum / Arbitrum / BSC (+5)
USDF-ASTHERUS
Astherus
—No yield—Not statedBSC
USDAT
Saturn Dollar
—No yield—Not statedMonad / Ethereum
USDV-VALTORUM-USD
Valtorum USD
—No yield—Not statedXRPL / BSC / Base (+3)
FRXUSD
Frax USD
—No yield—Not statedEthereum / Fraxtal / Stable (+29)
USDB
USDBridge
—No yield—Not statedSolana / Base / Tempo (+1)
USDA-AP
AP USDA
—No yield—Not statedBSC
trUSD
Tori trUSD
—No yield—Not statedEthereum / Monad / Pharos (+2)
cgUSD
Cygnus Finance Global USD
—No yield—Not statedBase
LISUSD
Lista USD
—No yield—Not statedBSC
USDSUI
Sui Dollar
—No yield—Not statedSui
USDon
Ondo U.S. Dollar Token
—No yield—Not statedBSC / Ethereum
CUSD
Cap cUSD
—No yield—Not statedEthereum / Tempo / MegaETH
USDx-AXIS-USD
Axis USD
—No yield—Not statedEthereum
SQUSD
Squads USD
—No yield—Not statedSolana
USDS-ARQ
ARQ USDs
—No yield—Not statedTempo
SPUSD
SoulPeg USD
—No yield—Not statedBSC
pmUSD
pmUSD
—No yield—Not statedEthereum
USDKG
USDKG
—No yield—Not statedTron / Ethereum
UUSD
Unity USD
—No yield—Not statedBSC
FIDD
Fidelity Digital Dollar
—No yield—Not statedEthereum
MNEE
MNEE USD
—No yield—Not statedEthereum
fxUSD
fxUSD
—No yield—Not statedEthereum / Base
JUPUSD
JupUSD
—No yield—Not statedSolana
REUSD-RESUPPLY-USD
Resupply USD
—No yield—Not statedEthereum
XUSD-STRAITSX
StraitsX XUSD
—No yield—Not statedBSC / Ethereum
MSUSD
Metronome Synth USD
—No yield—Not statedEthereum / Base / OP Mainnet (+1)
MSUSD-MAIN-STREET
Main Street USD
—No yield—Not statedEthereum / Sonic
USN
Noon USN
—No yield—Not statedEthereum / Sophon / ZKsync Era
BOLD
Liquity BOLD
—No yield—Not statedEthereum / OP Mainnet / Base (+4)
MUSD
Metamask USD
—No yield—Not statedMonad / Ethereum / Linea (+1)
YUSD-AEGIS
Aegis YUSD
—No yield—Not statedEthereum / BSC
GUSD-GEMINI-DOLLAR
Gemini Dollar
—No yield—Not statedEthereum / Wanchain
BUSD-BINANCE-USD
Binance USD
—No yield—Not statedEthereum / IoTeX / Avalanche (+30)
BEAN
Bean
—No yield—Not statedEthereum
pathUSD
PathUSD
—No yield—Not statedTempo
USDU-UNIVERSAL-USD
Universal USD
—No yield—Not statedEthereum
sfrxUSD
Staked Frax USD
Frax Finance~5.3% (~4-5%)
checked 9 Nov 2026
NoneNo KYC on a DEXEthereum / Fraxtal
USDCBL
Decibel Dollar
—No yield—Not statedAptos
GYD
Gyroscope GYD
—No yield—Not statedEthereum / Polygon
BUCK
Bucket Protocol BUCK Stablecoin
—No yield—Not statedSui
NUSD
Neutrl USD
—No yield—Not statedEthereum
MGUSD
MoneyGram USD
—No yield—Not statedStellar
EUSD
Electronic USD
—No yield—Not statedBase / Ethereum / Arbitrum
LUSD
Liquity USD
—No yield—Not statedEthereum / OP Mainnet / Arbitrum (+7)
YU
YU
—No yield—Not statedEthereum / Solana / Base (+1)
USDP
Pax Dollar
—No yield—Not statedEthereum / Solana / BSC (+1)
HYUSD-HYLO
Hylo HYUSD
—No yield—Not statedSolana
UTY
XSY UTY
—No yield—Not statedAvalanche
USX-DFORCE-USD
dForce USD
—No yield—Not statedArbitrum / OP Mainnet / Ethereum (+6)
MUSD-MEZO-USD
Mezo USD
—No yield—Not statedMezo / Ethereum
SBC
Stable Coin
—No yield—Not statedSolana / Ethereum / Base (+8)
USDM-MEGAUSD
MegaUSD
—No yield—Not statedMegaETH / Ethereum
rcUSD
R25 rcUSD
—No yield—Not statedSui
USDSM
Stable Mint USD
—No yield—Not statedEtherlink / Ethereum / Arbitrum (+1)
USDPT
Western Union USDPT
—No yield—Not statedSolana
TAKO
Takenos USD
—No yield—Not statedSolana

How to choose

For holding dollars, prefer a coin whose reserves are cash and short T-bills with regular attestations; for earning, compare the yield-bearing ones separately — a stablecoin that pays is taking some risk to do so.

More questions

Does a bigger stablecoin mean a safer one?

Size means liquidity — it is easier to exchange a large stablecoin for dollars at par — not safety. What backs it, who audits the reserves and whether the issuer can freeze addresses matter more, and differ widely among the largest.

Which of them can I buy without KYC?

12 of 100 can be bought on a DEX without identity verification. For the rest, the source does not state the secondary-market gate.

Where does the yield come from?

sUSDf: Diversified market-neutral strategies. sUSDai: Loans collateralized by GPU/AI hardware. sfrxUSD: Carry trade + AMOs + T-bill rate (partly BUIDL-backed).

Which is the largest?

By size, USDT at $183.4B, followed by USDC at $72.7B and USDS at $7.0B. Size is not safety, but a larger product usually means a deeper market to sell into.

Are these yields fixed?

3 of 100 are variable: the rate moves with markets and is not guaranteed. The figures on this page were last checked between 2026-10-11 and 2026-11-11.

Sources

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