Ethereum mainnet · updated live
Top Ethereum stablecoins by liquidity
Stablecoins are the settlement layer of DeFi, and their on-chain liquidity is where peg stress shows first. These are the top Ethereum stablecoins by qualifying DEX liquidity, with live on-chain prices.
# AssetOn-chain liquidity
- 1
USDCUSDC$887.11M
- 2
USDTUSDT$696.92M
- 3
crvUSDcrvUSD$332.61M
- 4
DAIDAI$195.81M
- 5
USDSUSDS$193.03M
- 6
USDMUSD Mapped Token$119.97M
- 7
PYUSDPYUSD$118.46M
- 8
RLUSDRLUSD$90.78M
- 9
DOLADOLA$66.75M
- 10
frxUSDfrxUSD$64.29M
- 11
FRAXFRAX$50.33M
- 12
USDeUSDe$44.00M
- 13
AUSDAUSD$34.16M
- 14
apxUSDapxUSD$31.90M
- 15
reUSDreUSD$25.93M
- 16
USDGUSDG$23.83M
- 17
USDtbUSDtb$20.07M
- 18
BOLDBOLD$15.51M
- 19
fxUSDfxUSD$13.43M
- 20
USDfUSDf$13.30M
About this ranking
Stablecoins are the settlement layer of DeFi, and their on-chain liquidity is where peg stress shows first. These are the top Ethereum stablecoins by qualifying DEX liquidity, with live on-chain prices.
Every figure is derived from on-chain Ethereum data only — indexed swaps and pool balances, with no centralized-exchange feeds. The list updates as the market moves. See the methodology for how liquidity, price and volume are calculated.
Why does stablecoin liquidity matter?
Deep liquidity lets a stablecoin absorb large redemptions or swaps without its price slipping from $1. A stablecoin trading off its peg with fleeing liquidity is a warning sign.
Can these stablecoins lose their peg?
Yes. Any stablecoin can depeg during stress, low liquidity or redemption uncertainty, which is why the live on-chain price shown here is an important signal.