Stablecoin Dashboard

Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged 1:1 to a fiat currency like the US dollar. They combine the benefits of blockchain technology (fast transfers, programmability) with price stability. Major types include fiat-backed (USDT, USDC), crypto-backed (DAI), and algorithmic stablecoins.

Total stablecoin supply is often viewed as a measure of capital sitting on the sidelines ready to enter crypto markets. Rising stablecoin supply can signal incoming buying pressure, while declining supply may indicate capital leaving the ecosystem. It's also a key metric for DeFi health and crypto adoption.

USDT (Tether) and USDC (Circle) are both fiat-backed stablecoins pegged to the US dollar. USDT has the largest market cap and is dominant on Tron for transfers. USDC is known for regulatory compliance and transparency, with regular attestations from accounting firms. Both maintain reserves backing their tokens.

Stablecoins exist on multiple blockchains to serve different use cases. Ethereum hosts the most stablecoin value due to its DeFi ecosystem. Tron is popular for low-cost transfers, especially in emerging markets. Solana and other chains offer fast, cheap transactions. The distribution reflects where users and applications need stable-value tokens.

All stablecoin data is sourced from the DefiLlama Stablecoins API, which aggregates on-chain supply data across all major blockchains. Data includes circulating supply, chain-level breakdown, and historical supply tracking. The data refreshes every 5 minutes.