Issuers

Issuer of USDC, fully backed and regulated. $40B+ in circulation.

USDM yield-bearing stablecoin backed by short-term US Treasuries.

Decentralized overcollateralized stablecoin issued by Aave protocol.

Tokenized stocks, bonds, and ETFs accessible globally on-chain.

BlackRock USD Institutional Digital Liquidity Fund tokenized on-chain.

Decentralized stablecoin from Curve Finance using soft-liquidation LLAMMA.

Synthetic dollar protocol issuing USDe, backed by ETH delta-neutral positions.

Hong Kong issuer of FDUSD, used heavily on Binance and BNB Chain.

Decentralized stablecoin protocol issuing FRAX with fractional-algorithmic design.

Issuer of USYC, the largest tokenized institutional money market fund.

Decentralized borrowing protocol issuing LUSD, fully on-chain governance-free.

Decentralized protocol issuing DAI stablecoin backed by on-chain collateral.

Tokenized US Treasuries (USDY, OUSG) bringing institutional yield on-chain.

Tokenized US T-Bills available 24/7 with on-chain attestations.

Yield-bearing stablecoin OUSD and ETH liquid staking via OETH.

PayPal’s native USD stablecoin issued by Paxos for fast, low-cost payments.

Tokenized asset issuance platform, custodian of BlackRock BUIDL.

Issuer of USDT, the largest stablecoin by market cap and trading volume.