Ethereum Stablecoins: Supply, Risk & Top Deployments
Ethereum has 235 tracked deployments across 234 stablecoins in the checked-in Pharos registry. The mapped set includes Tether (USDT), Spark Savings USDT (spUSDT), and Steakhouse USDT V2 (steakUSDT). BlackRock USD Institutional Digital Liquidity Fund (BUIDL) has more than one mapped contract on the network.
The Ethereum cohort's peg mix is US Dollar (169), Euro (16), Gold (9), Australian Dollar (4), British Pound (4), Brazilian Real (3), Canadian Dollar (3), Japanese Yen (3), Swiss Franc (3), Mexican Peso (2), Silver (2), Turkish Lira (2), Argentine Peso (1), Chilean Peso (1), Colombian Peso (1), CPI (1), Indonesian Rupiah (1), Korean Won (1), Malaysian Ringgit (1), Nigerian Naira (1), Offshore Yuan (1), Peruvian Sol (1), Philippine Peso (1), Russian Ruble (1), Singapore Dollar (1), and South African Rand (1); its backing mix is RWA (152) and Crypto (82); and its governance mix is CeFi (127), CeFi-Dep (101), 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.
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Related Stablecoin Hubs
Taxonomy pages represented by the stablecoins deployed on this chain.
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Use these feature pages to compare the same stablecoin set from other angles.