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Estimate of the market capitalization of fiat-backed stablecoin that do not focus on the USD from August 2018 to September 12, 2025 (in million U.S. dollars)

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Sources

Release date

September 2025

Region

Worldwide, Europe, Guyana, India, Indonesia, Singapore, Switzerland, Turkey

Survey time period

September 12, 2025

Special properties

No figures are available from before August 2018; The chart is interactive: Clicking on the coin names allows for filtering figures per individual stablecoin

Supplementary notes

Monthly figures are as of the end of that particular month.

Figures have been rounded.

Note that due to changing exchange rates, the USD values as reported can change from day to the next. This also applies in retrospect.

Citation formats

Market size of non-USD fiat-backed stablecoin up to September 12, 2025

Published by K. Scholle, Sep 12, 2025

From the fiat-backed stablecoins that do not use the USD as a collateral, coins pegged to the euro were bigger than those of other fiat currencies. Although there are multiple stablecoins that use the USD for their backing - including Tether and USD Coin - there are several coins that use other "real world" currencies. The stablecoins included in this ranking are pegged to the euro, the Singapore dollar, the Japanese yen, the Indonesian rupiah, the Turkish lira, the Swiss franc, and the Guyana dollar. Compared to the top cryptocurrencies in the world, however, these are all relatively small tokens. Pound-related stablecoins did not have a market cap, whereas stablecoins pegged to currencies from Latin America were much smaller than the digital assets listed here.

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Other statistics that may interest you Stablecoin

Market size

6

Fiat-backed (U.S. Dollar)

5

Cryptocurrency-backed

4

Algorithmic

4

Other collateral

4

Use cases

8

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Topics

StablecoinCrypto marketBlockchainCross-border e-commerceExchange rates
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