Stablecoin Supply by Chain
USD stablecoin universe from stablecoins_multichain.tokens where currency = USD; grouped by blockchain and asset bucket; display chains use top-six chains plus Other chains; asset buckets use USDT, USDC, USDS, USDe, DAI, USD1, and Other assets.
Chain-by-asset USD stablecoin tracked balances computed from Dune stablecoins_multichain.balances by summing positive balance_usd on the latest available day.
Quick answer
As of 2026-06-25, ethereum held 54.9% of reviewed USD stablecoin tracked balances by chain, with USDT at 54.6% of that chain's tracked balances. tron held 27.4% of total tracked balances, with USDT at 98.6% of that chain's tracked balances. This is balance-stock location evidence, not demand or liquidity evidence.
What you should know about this indicator
- As of 2026-06-25, ethereum was the largest chain by reviewed USD stablecoin tracked balances.
- Do not infer liquidity depth, demand, adoption, active users, peg safety, reserves, redemption capacity, solvency, or fresh fiat inflow from balance-stock data alone. Do not describe total tracked balances as circulating supply or market cap. Do not infer issuer market power, manipulation, or control from balance concentration or chain distribution alone.
- Uses total tracked balances, not circulating supply or market cap.
- Chain distribution is a balance-stock location view and does not prove chain-level demand, active users, liquidity depth, reserves, or fresh fiat inflow.
- Other is a display bucket only; the denominator remains the full reviewed Dune USD stablecoin universe.
Methodology
How this metric is calculated, which source it uses, and what the current denominator means.
- Source
- Dune
- Data through
- 2026-06-25
- Unit
- USD and percent share
- Grain
- entity segment snapshot
How this metric is calculated
Chain-by-asset USD stablecoin tracked balances computed from Dune stablecoins_multichain.balances by summing positive balance_usd on the latest available day.
Manual refresh: changes require operator review before the chart can be treated as current.
Evidence limits
- Do not infer liquidity depth, demand, adoption, active users, peg safety, reserves, redemption capacity, solvency, or fresh fiat inflow from balance-stock data alone. Do not describe total tracked balances as circulating supply or market cap. Do not infer issuer market power, manipulation, or control from balance concentration or chain distribution alone.
- Uses total tracked balances, not circulating supply or market cap.
- Chain distribution is a balance-stock location view and does not prove chain-level demand, active users, liquidity depth, reserves, or fresh fiat inflow.
- Other is a display bucket only; the denominator remains the full reviewed Dune USD stablecoin universe.
Frequently asked questions
What can this indicator support?
As of 2026-06-25, ethereum was the largest chain by reviewed USD stablecoin tracked balances.
What should it not be used for?
Do not infer liquidity depth, demand, adoption, active users, peg safety, reserves, redemption capacity, solvency, or fresh fiat inflow from balance-stock data alone. Do not describe total tracked balances as circulating supply or market cap. Do not infer issuer market power, manipulation, or control from balance concentration or chain distribution alone.
What should readers check before reuse?
Uses total tracked balances, not circulating supply or market cap.