# Stablecoin List Ranked by Circulating Supply

> A list of stablecoins ranked by circulating supply: issuer, peg currency, backing type, chains, holders and 30-day change, read from the token contracts.

Markdown copy of https://voltfincrypto.com/apps/stablecoin-list-by-circulating-supply

**Question:** Which stablecoins exist, who issues them, what are they pegged to and how much of each circulates?

- Kind: Table in Voltfin Strata
- Topic: [Stablecoins](https://voltfincrypto.com/topics/stablecoins)
- Chains: Multi-chain, Ethereum, Tron, Solana, BNB Chain
- Status: Planned. The data is not published yet, so this page states no figure; each figure will open its receipt when it is.

This table lists every stablecoin the registry tracks, once per coin, ranked by circulating supply. Each row names the issuer, the currency the coin is pegged to, what backs it, the chains it is issued on and how many addresses hold it, so the whole market can be read in one place.

Supply is read from the token contracts on every covered chain and added up per coin, with tokens held unissued in an issuer's treasury left out and bridged copies counted once. Sort by supply, 30-day change or holders and filter by peg, backing or issuer. Open any cell to see the reads behind it.

## Blueprint

One row: One row per stablecoin, summed over its native contracts on every covered chain, on the latest complete day

- **Stablecoin** (`stablecoin`): The coin's name and symbol, linked to its contracts on each chain.
- **Issuer** (`issuer`): The company or protocol that issues and redeems the coin.
- **Peg** (`peg`): The currency the coin tracks, such as the US dollar or the euro.
- **Backing** (`backing`): What stands behind each unit: fiat reserves, crypto collateral or a hedged position, from the issuer's documents.
- **Circulating supply** (`circulating_supply`, peg units): Native supply on covered chains minus tokens held unissued by the issuer, in units of the peg.
- **Share of peg** (`share_of_peg`): The coin's share of all tracked supply with the same peg on the same day.
- **30-day change** (`change_30d`): Change in circulating supply against the same coin's row thirty days earlier.
- **Chains** (`chains`): Covered chains where the coin has native supply.
- **Largest chain** (`largest_chain`): The chain that holds the most of the coin's native supply.
- **Holders** (`holders`): Addresses with a non-zero balance at the day's last blocks, counted on each covered chain and added.
- **First mint** (`first_mint`): The day of the coin's earliest mint on any covered chain.
- **Receipt** (`receipt`): The blocks, hashes and reads behind the row's supply.

## How it will be measured

- Each coin's supply is the sum of its native contracts' totalSupply() at the last block of the day on every covered chain, scaled by each contract's decimals.
- Circulating supply subtracts tokens held unissued in issuer treasury addresses and never adds a bridged copy to the tokens locked behind it.
- Holders are addresses with a non-zero balance, rebuilt from Transfer logs and checked against balanceOf at the same block; one exchange wallet counts once however many customers it serves.
- Peg and backing type come from the stablecoin registry, each with the issuer document it was taken from; the first mint is the block of the coin's earliest mint on any covered chain.

## Data it needs

- `stablecoin_supply_global_daily` (published): Cross-chain native supply per stablecoin and peg per day, on the latest day every chain has reported.
- `stablecoin_supply_daily` (published): Native supply of each USD and EUR stablecoin on each covered chain at the chain's last block of each day, from totalSupply() reads, with bridged copies kept apart.
- `stablecoins` (published): Every tracked stablecoin contract: issuer, peg, chain, decimals and whether it is native or bridged.
- `token_holders_snapshot` (to build): Holder counts, top holders and concentration shares of registry tokens at a pinned block, with contract and exchange labels.
- Source: totalSupply() of each registered stablecoin contract at day-end blocks on each covered chain
- Source: balanceOf() of issuer treasury addresses, to leave out minted but unissued tokens
- Source: Transfer logs of each contract, for holder counts and the first mint block
- Source: Issuer documents for peg and backing type, recorded with each registry entry

## Questions

### What counts as a stablecoin here?

A token designed to hold a fixed value against a currency, which its issuer redeems or its protocol stabilizes at that value. The table covers fiat-backed, crypto-backed and synthetic coins and labels each with its backing type.

### What is the difference between total and circulating supply?

Total supply is everything the contracts report. Circulating supply leaves out tokens an issuer has minted in advance and still holds in its own treasury, which no user can spend yet.

### Which blockchain has the most stablecoins?

Ethereum and Tron have long held the largest stablecoin supplies. Each row's largest chain column shows where a coin is concentrated, and the chain apps show every chain's current total from the same reads.

### What does backing type mean?

It says what stands behind each unit: cash and short-term government debt held by a regulated issuer, crypto collateral locked in contracts, or hedged positions for synthetic dollars. The type comes from the issuer's own documents.

### Why is a stablecoin I know missing?

A coin enters the registry once its contracts, issuer and peg are verified on-chain and in a public source. Coins on chains the data does not cover yet, or with no verifiable issuer, are left out rather than guessed.

## Glossary

- **Backing type**: What supports a stablecoin's value: fiat reserves held off-chain, crypto collateral locked on-chain, or a hedged position that offsets price moves.
- **Fiat-backed stablecoin**: A coin backed by cash and short-term government debt held by its issuer, redeemable one-to-one for the currency it tracks.
- **Synthetic dollar**: A dollar-pegged token backed by crypto collateral and offsetting short futures positions rather than cash, so its stability depends on the hedge.

## Related apps

- [Stablecoin Market Cap and Total Supply](https://voltfincrypto.com/apps/stablecoin-market-cap)
- [Stablecoin Market Share by Issuer](https://voltfincrypto.com/apps/stablecoin-market-share-by-issuer)
- [Euro Stablecoin Market Share: EURC, EURCV, EURe](https://voltfincrypto.com/apps/euro-stablecoin-market-share)
- [Yield-Bearing Stablecoins Compared: APY and Supply](https://voltfincrypto.com/apps/yield-bearing-stablecoins-compared)
- [Stablecoins on Solana: Supply by Coin](https://voltfincrypto.com/apps/stablecoins-on-solana)
- [USDT on Tron: Supply and Daily Transfers](https://voltfincrypto.com/apps/usdt-on-tron)

Build it in Voltfin Studio: https://app.voltfincrypto.com/signup?next=%2F