Stablecoin Market Data

The on-chain dollar economy at a glance. Supply, issuers and chains refreshed from DefiLlama, as of November 7, 2026.

Stablecoins have grown from a crypto-trading tool into real settlement infrastructure. This page tracks the numbers that matter: total supply, transfer volume, who issues the dollars, and which blockchains hold them.

The 2026 story is usage, not supply. Total supply has hovered around $291B all year, yet the activity on top of it keeps compounding: Allium measured adjusted transfer volume up 48% and payment transfers up 71% in the first nine months of 2026, while stablecoin card spend roughly tripled in a year. The same dollars are simply moving more often. Follow the shifts as they happen in our stablecoin news, see which companies have launched a stablecoin, or track the listed stablecoin stocks such as Circle.

$291B
Total stablecoin supply
Across all chains (DefiLlama)
$33T
Annual transfer volume
2025, +72% vs 2024 (Artemis)
56M
Monthly active addresses
Monthly active, Nov 2026 (RWA.xyz)
99%
Share of supply: USD-pegged
USDT + USDC dominant
Supply by issuer

Who issues the dollars

$291Btotal supply
  • Tether USDT60%
  • Circle USDC24%
  • Sky USDS / DAI3%
  • Ethena USDe2%
  • Others n/a11%
Supply by chain

Where dollars live

  • Ethereum$135B
  • Tron$94B
  • Solana$15B
  • BSC$14B
  • Hyperliquid L1$7B
  • Base$5B

Data attribution. Supply, issuer share and chain data from DefiLlama, refreshed on each deploy. Transfer volume from Artemis Analytics and active addresses from RWA.xyz, as of November 2026. For a coin-by-coin breakdown, see the full list of stablecoins by market cap.

View the list of stablecoins →
Stablecoin cards

Stablecoin card spend

How much people spend with stablecoin cards each month, and which programs carry the volume.

$1.37BCard spend in October 2026
3.0xGrowth vs October 2025 ($464M)
$9.23BSpent January to October 2026
69%On-chain spend share of ether.fi and KAST
Monthly spend, 2026
Biggest programs

All-time card spend

1RedotPaySelf-reported spend$7.10B
2ether.fi CashSelf-custodial, Visa$1.10B
3KASTIssued by Rain, Visa$974M
4KartaIssued by Rain$381M
5Gnosis PayIncl. Picnic, Zeal, Rebind cards$216M
6Tria$184M
7Wirex OneSelf-custodial$178M
8KoloIssued by Rain$138M
9Plasma OneIssued by Rain$111M
10MetaMask CardSelf-custodial, Mastercard$89M
On-chain split

Share of on-chain spend, October 2026

  • ether.fi37.4%
  • KAST31.9%
  • Wirex One8.1%
  • Plasma One8%
  • Tria6.6%
  • Others8%

$379M measured across 10 programs. Optimism carried 37.6% of it (mostly ether.fi) and Solana 32.2% (mostly KAST). RedotPay is excluded because its spend happens off-chain; $510M was loaded onto its cards in October.

Card spend is the fastest-growing use of stablecoins outside trading: about $1.37B in October 2026, roughly three times a year earlier. RedotPay is still the largest program by lifetime volume, but most new growth comes from ether.fi Cash and KAST, which together carry about 69% of the spend that can be measured on-chain. Behind the brands, Rain is the largest issuer: independent tracking by @0xVishnya counted $584M spent on Rain-issued cards in October. Compare the programs in our best stablecoin cards ranking, or see how stablecoin cards work.

Sources: PaymentScan (monthly spend and all-time ranking, spends only, incl. RedotPay self-reported data), SpendNode (October on-chain split), as of November 7, 2026. Trackers cover different programs, so figures are not directly comparable.

How to read this

Key stablecoin metrics, explained

Total supply

The combined market value of all stablecoins in circulation. It proxies how many digital dollars exist and how much demand there is to hold them.

Transfer volume

The value moved on-chain over a period. Adjusted volume filters out bots and internal shuffling to estimate genuine economic activity.

Issuer share

How supply splits across issuers. The market is concentrated, with USDT and USDC making up the majority of all stablecoins.

Supply by chain

Which blockchains hold the dollars. Ethereum and Tron hold roughly three quarters of all supply, while Solana, BSC, Base and newer chains compete on speed and low fees.