Stablecoins on Base
Supply circulating on Base, by issuer.
- Stablecoin supply on Base
- $5.02b−3.6%
- Stablecoins tracked
- 59
- Largest
- USDC
- Its share
- 87%
Change shown over 30 days
Stablecoin supply says something TVL does not. It is money parked on Base to be spent rather than value that moves with a token price, so it holds steady through drawdowns that cut TVL in half. USDC accounts for the overwhelming majority of it, which makes Base unusually dependent on a single issuer. The peg mechanism column is the one to read: fiat-backed means reserves held off-chain by a company, and that is a different risk from collateral you can verify onchain.
Supply over time
Total stablecoin supply on Base since launch.
Hover the chart to read the value on a given day.
| Name | Category | Share | ||||
|---|---|---|---|---|---|---|
| 1 | USDC · USD Coin | fiat-backed | $4.36b | +0.1% | +2.4% | 86.7% |
| 2 | USDe · Ethena USDe | crypto-backed | $405.4m | +2.5% | +14.9% | 8.1% |
| 3 | OUSD · Open USD | fiat-backed | $92.9m | +2.2% | +3.0% | 1.8% |
| 4 | cgUSD · Cygnus Finance Global USD | fiat-backed | $75.7m | +0.0% | +0.0% | 1.5% |
| 5 | EUSD · Electronic USD | crypto-backed | $18.6m | +0.5% | +2.8% | 0.4% |
| 6 | MSUSD · Metronome Synth USD | crypto-backed | $15.2m | −0.2% | −2.1% | 0.3% |
| 7 | PINTO · Pinto | crypto-backed | $10.7m | +0.0% | +0.0% | 0.2% |
| 8 | USDV · Valtorum USD | fiat-backed | $10.1m | +0.0% | +0.0% | 0.2% |
| 9 | apxUSD · apxUSD | crypto-backed | $9.5m | −0.2% | +0.1% | 0.2% |
| 10 | USDz · Anzen USDz | fiat-backed | $6.2m | +0.0% | +0.0% | 0.1% |
| 11 | cdxUSD · Cod3x USD | crypto-backed | $6.2m | +0.0% | +0.0% | 0.1% |
| 12 | MONEY · Defi.money | crypto-backed | $4.0m | +0.0% | +0.0% | <0.1% |
| 13 | USDS · Sky Dollar | crypto-backed | $3.9m | +0.0% | +4.1% | <0.1% |
| 14 | BtcUSD · Bitcoin USD | crypto-backed | $3.7m | +0.0% | +0.0% | <0.1% |
| 15 | eUSD · Telcoin eUSD | fiat-backed | $2.0m | +0.0% | +0.0% | <0.1% |
| 16 | YU · YU | crypto-backed | $1.3m | +0.1% | +1.3% | <0.1% |
| 17 | SBC · Stable Coin | fiat-backed | $1.1m | +1.0% | +61.9% | <0.1% |
| 18 | USX · dForce USD | crypto-backed | $561.8k | −0.1% | −0.1% | <0.1% |
| 19 | DOLA · Dola | crypto-backed | $414.2k | +0.0% | +0.0% | <0.1% |
| 20 | USD+ · Overnight USD+ | crypto-backed | $393.6k | +0.0% | −0.3% | <0.1% |
| 21 | FRXUSD · Frax USD | fiat-backed | $307.1k | −9.2% | −9.3% | <0.1% |
| 22 | crvUSD · crvUSD | crypto-backed | $300.7k | +0.0% | −5.8% | <0.1% |
| 23 | satUSD · River Stablecoin | crypto-backed | $239.0k | +0.0% | +0.0% | <0.1% |
| 24 | FRNT · Frontier Stable Token | fiat-backed | $94.8k | +0.0% | +0.0% | <0.1% |
| 25 | USDGLO · Glo Dollar | fiat-backed | $91.3k | +0.0% | −95.5% | <0.1% |
| 26 | USR · Resolv USD | crypto-backed | $82.8k | +1.1% | +1.1% | <0.1% |
| 27 | USDSM · Stable Mint USD | fiat-backed | $78.1k | −20.4% | +16.8% | <0.1% |
| 28 | BD · Base Dollar | crypto-backed | $41.4k | −13.1% | −20.7% | <0.1% |
| 29 | fxUSD · fxUSD | crypto-backed | $39.7k | +0.0% | +0.0% | <0.1% |
| 30 | USDO · OpenDollar USDO | fiat-backed | $34.8k | +0.0% | +0.1% | <0.1% |
| 31 | HRUSD · HRUSD | crypto-backed | $33.1k | +0.0% | +0.0% | <0.1% |
| 32 | STAR · STAR | crypto-backed | $27.0k | +0.0% | +0.0% | <0.1% |
| 33 | BOLD · Liquity BOLD | crypto-backed | $19.2k | +0.0% | −0.0% | <0.1% |
| 34 | USDp · Parallel USDp | crypto-backed | $14.2k | −3.3% | −55.9% | <0.1% |
| 35 | DAI+ · DAI+ | crypto-backed | $10.6k | +0.0% | +0.0% | <0.1% |
| 36 | BNUSD · Balanced Dollars | crypto-backed | $10.1k | +0.0% | +0.0% | <0.1% |
| 37 | AID · GAIB AID | fiat-backed | $8.5k | +0.0% | +0.0% | <0.1% |
| 38 | rwaUSDi · Multipli rwaUSDi | crypto-backed | $8.1k | +0.0% | +0.0% | <0.1% |
| 39 | USD+ · Dinari USD+ | fiat-backed | $5.3k | +2.1% | — | <0.1% |
| 40 | USDM · USDM | fiat-backed | $4.3k | +0.0% | +0.0% | <0.1% |
| 41 | paraUSD · Parabol USD | fiat-backed | $2.0k | +0.0% | +0.0% | <0.1% |
| 42 | USDeAD · Deaderal Reserve Note | crypto-backed | $1.6k | +0.0% | +0.0% | <0.1% |
| 43 | WEUSD · WEUSD | crypto-backed | $1.4k | +0.0% | +0.0% | <0.1% |
| 44 | kUSD · Kerne USD | crypto-backed | $1.1k | +0.0% | +0.0% | <0.1% |
| 45 | MIM · Magic Internet Money | crypto-backed | $250 | +0.0% | +0.3% | <0.1% |
| 46 | rUSD · Reservoir Stablecoin | fiat-backed | $76 | +0.0% | +0.0% | <0.1% |
| 47 | CASH · Phase Dollar | fiat-backed | $71 | +0.0% | +0.0% | <0.1% |
| 48 | USDA · Avalon USDa | crypto-backed | $49 | +0.0% | +0.0% | <0.1% |
| 49 | URM · URM | crypto-backed | $45 | +0.0% | −0.0% | <0.1% |
| 50 | rwaUSD · Multipli rwaUSD | crypto-backed | $13 | +0.0% | +0.0% | <0.1% |
| 51 | USPD · US Permissionless Dollar | crypto-backed | $10 | +0.0% | +0.0% | <0.1% |
| 52 | R · R | crypto-backed | $3 | +0.0% | +0.0% | <0.1% |
| 53 | HYUSD · High Yield USD | algorithmic | $3 | +0.0% | −0.3% | <0.1% |
| 54 | USDA+ · NonDollar | crypto-backed | $2 | +0.0% | +0.0% | <0.1% |
| 55 | DCKUSD · Dackie USD | algorithmic | $1 | +0.0% | +0.0% | <0.1% |
| 56 | rgUSD · Revenue Generating USD | crypto-backed | $0 | +0.0% | +0.0% | <0.1% |
| 57 | USDS · Sable Coin | crypto-backed | $0 | +0.0% | +0.0% | <0.1% |
| 58 | BOLD · Legacy BOLD | crypto-backed | $0 | −2.1% | −2.1% | <0.1% |
| 59 | VUSD · VDollar Finance | crypto-backed | $0 | +0.0% | +0.0% | <0.1% |
Methodology: circulating supply bridged to or minted on Base, per DefiLlama's stablecoin index, converted to USD at each coin's peg. The category column shows the peg mechanism — fiat-backed means reserves held off-chain, crypto-backed means on-chain collateral, algorithmic means neither. Supply is not a safety rating; a large float and a sound peg are different questions.
Data: DefiLlama · Updated