Ethereum Stablecoins: USDT, USDC, and USDe, Supply & Risk
Stablecoin supply, Chain Health and active deployments on Ethereum.
About the Ethereum registry cohort
Ethereum has 280 active deployments across 278 stablecoins in the checked-in Pharos registry. The mapped set includes Tether (USDT), USD Coin (USDC), and Ethena USDe (USDe). BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and Alchemix USD (alUSD) have more than one mapped contract on the network.
The Ethereum cohort's peg mix is US Dollar (207), Euro (17), Gold (10), British Pound (5), Australian Dollar (4), Swiss Franc (4), Brazilian Real (3), Canadian Dollar (3), Japanese Yen (3), Mexican Peso (3), CPI (2), Silver (2), South African Rand (2), Turkish Lira (2), Argentine Peso (1), Chilean Peso (1), Colombian Peso (1), Indonesian Rupiah (1), Korean Won (1), Malaysian Ringgit (1), Nigerian Naira (1), Offshore Yuan (1), Peruvian Sol (1), Russian Ruble (1), and Singapore Dollar (1); its backing mix is RWA (170) and Crypto (108); and its governance mix is CeFi (146), CeFi-Dep (126), and DeFi (6). These counts classify stablecoins rather than contracts, so an asset with multiple deployments is not double-counted.
Current supply ordering, global market share, and largest-asset concentration for Ethereum come from the coordinated live snapshots below. Keeping those volatile values in the live profile lets this static overview identify the exact registry cohort without presenting a build-time concentration figure as current.
Total supply
Global share
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Chain health score
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Related Stablecoin Hubs
Taxonomy pages represented by the stablecoins deployed on this chain.
Stablecoin Research Surfaces
Use these feature pages to compare the same stablecoin set from other angles.