Stablecoin tracker — market cap, peg deviation, and supply per chain across 100+ stablecoins.
Compare stablecoin supply, peg risk, chain footprint, and market-share shifts.
Stablecoins key facts.
A fast summary of signal coverage, outputs, access, and workflow.
- Coverage
- 100+ stablecoins with $1M+ circulating supply — fiat-backed (USDT, USDC, FDUSD, PYUSD), crypto-backed (DAI, LUSD, crvUSD), algorithmic, RWA-backed (USDY, OUSG, BUIDL), and yield-bearing (sUSDe, sUSDS).
- Peg deviation
- Per-token deviation from $1 (or peg currency) refreshed every 30 minutes; color-coded thresholds at 0.25% / 1% surface depeg risk.
- Chain breakdown
- Current circulating supply for every deployment chain per stablecoin, with deep-links into Sharpe's Chain Tracker.
- Aggregate splits
- Mcap split by mechanism (fiat / crypto / algorithmic / RWA / yield) and by top issuers (Tether, Circle, MakerDAO/Sky, Ethena, First Digital).
- Flow signal
- 24h, 7d, and 30d net mint/redeem flow per token — a leading indicator for crypto liquidity rotation.
- Data source
- DeFi Llama stablecoins API + market logos; refreshed every 30 minutes.
When to use Stablecoins.
Stablecoins is a Sharpe Terminal sector intelligence intelligence workflow. It helps traders compare stablecoin supply, peg risk, chain footprint, and market-share shifts. Core outputs include Every major stablecoin in one ranked table, Peg deviation tracking, Per-chain supply distribution.
| Area | Stablecoins answer | Why it matters |
|---|---|---|
| Best fit | Portfolio managers and narrative traders comparing capital rotation across crypto sectors, chains, and ecosystems. | Clarifies who should reach for this workflow first. |
| Signal output | Every major stablecoin in one ranked table, Peg deviation tracking, Per-chain supply distribution, Mechanism + issuer concentration analytics | Shows the decision-ready intelligence before opening the live terminal. |
| Decision path | Review the product page, then launch /stablecoins | Separates product evaluation from hands-on market intelligence. |
| Indexable URL | /products/stablecoins | Gives teams a stable URL for sharing and revisiting. |
What Stablecoins offers.
Every major stablecoin in one ranked table
USDT, USDC, USDe, DAI, FDUSD, PYUSD, USDS, TUSD, USDD, FRAX, LUSD, crvUSD, MIM, sUSDe, sUSDS, USDY, BUIDL — sortable by market cap, 24h change, peg deviation, chain count, or dominance. Click any row for the full per-token detail page.
Peg deviation tracking
Live price deviation from the peg target, color-coded at 0.25% (tight), 1% (warning), and >1% (depeg). Catches early signs of redemption stress before they show up in headline market cap moves.
Per-chain supply distribution
Each stablecoin detail page shows current circulating supply by chain plus historical timeseries for the top 6 deployment chains. Useful for evaluating cross-chain liquidity, bridge exposure, and chain-level concentration risk.
Mechanism + issuer concentration analytics
Aggregate market cap split by stablecoin mechanism (fiat-backed, crypto-backed, algorithmic, RWA-backed, yield-bearing) and by top issuers — Tether, Circle, MakerDAO/Sky, Ethena, First Digital. Useful for systemic risk monitoring.
Mint/redeem flow signal
24h, 7d, and 30d changes in circulating supply expose net mint/redeem activity. Sustained 7d issuance is a leading indicator for crypto liquidity and risk-on rotation; sustained redemptions usually coincide with deleveraging cycles.
DeFi Llama data, free
Sourced from DeFi Llama's stablecoins API — the canonical source for cross-chain stablecoin metrics — with market logos and Sharpe's normalised mechanism/peg taxonomy. Refreshed every 30 minutes.
Stablecoins alternatives and tradeoffs.
See how Sharpe compares with specialist tools traders evaluate when building their intelligence stack.
Frequently Asked Questions
A stablecoin is a cryptocurrency engineered to hold a steady value relative to a reference asset, typically the US dollar. Stablecoins are the dominant settlement medium in crypto markets and the on-ramp for most DeFi activity, providing price stability without exiting the crypto rails.
Every stablecoin with $1M+ circulating supply — currently 100+ tokens spanning fiat-backed (USDT, USDC, FDUSD, PYUSD), crypto-backed (DAI, LUSD, crvUSD, MIM), algorithmic, RWA-backed (USDY, OUSG, BUIDL, USDM), and yield-bearing (sUSDe, sUSDS, sFRAX) variants.
Peg deviation is the absolute distance between a stablecoin's current market price and its peg target (typically $1.00). Sharpe color-codes deviations at 0.25% (tight, green), 0.25-1% (warning, amber), and >1% (depeg, red). Sustained deviation above 1% indicates either redemption stress or loss of confidence in the issuer's reserves.
Market cap equals the on-chain circulating supply across every chain the token is deployed on, denominated in USD-equivalent at the peg target. Data refreshes every 30 minutes.
Net stablecoin issuance is one of the strongest leading indicators for crypto liquidity. Rising aggregate stablecoin supply usually precedes risk-on rotation into BTC, ETH, and altcoins because it reflects new fiat capital entering the crypto rails. Sustained redemptions are typically associated with deleveraging cycles. The Sharpe Stablecoin Tracker exposes 24h, 7d, and 30d supply deltas per token to surface these flows.
Sharpe refreshes every stablecoin's market cap, peg deviation, mechanism, and per-chain supply distribution every 30 minutes. Mechanism and peg labels are normalised into a small consistent taxonomy so cross-token filters and aggregate splits stay consistent.
The tracker pairs market cap with peg deviation, mint/redeem flow over multiple timeframes, mechanism and issuer concentration, and per-chain supply distribution on a single sortable table. Chain breakdowns deep-link into Sharpe's Chain Tracker so you can pivot from a stablecoin's deployment footprint into that chain's full ecosystem in one click.
Yes. Live data on every tracked stablecoin, peg deviations, chain breakdowns, and historical charts are accessible without signup at /stablecoins on Sharpe Terminal.
Turn this market data into a decision.
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