Stablecoin Networks
30 networks tracked · $312.3B total stablecoin supply · data from DefiLlama · last updated 24 March 2026
Layer 1
The largest smart contract platform by TVL. Home to the majority of stablecoin supply and DeFi activity.
High-throughput blockchain with near-zero transaction fees. The #1 network for USDT transfers by volume, handling over $…
Binance's EVM-compatible L1 with fast finality and low fees. Third-largest chain by stablecoin supply.
High-performance L1 with sub-second finality and near-zero fees. Fast-growing stablecoin ecosystem with strong USDC and …
Purpose-built L1 for on-chain perpetuals trading. Stablecoin supply (primarily USDC) serves as collateral for the HyperL…
Move-based L1 from former Meta/Diem engineers. Strong institutional backing and growing USDT and USDC supply via LayerZe…
EVM-compatible L1 with fast finality. Strong institutional stablecoin presence including USDT and USDC, and home to Aval…
The Open Network, originally built by Telegram. Fast-growing stablecoin ecosystem via Telegram's 900M+ user base and int…
Move-based L1 with parallel execution and sub-second finality. Fast-growing stablecoin ecosystem with USDC native issuan…
Payments-focused L1 with near-zero fees and fast settlement. Hosts USDC via Circle and is a key network for cross-border…
Ripple's payments-focused ledger. Hosts RLUSD (Ripple's USD stablecoin) and is emerging as a regulated stablecoin corrid…
Mobile-first EVM L1 designed for payments in emerging markets. Hosts USDT, cUSD, and USDC; strong focus on financial inc…
EVM-compatible L1 with DAG-based consensus for fast finality. Hosts USDT, USDC, and DAI; primary home of the Sonic upgra…
Sharded L1 with fast finality and low fees. Hosts USDT and USDC via Rainbow Bridge and growing DeFi ecosystem.
Self-amending smart contract blockchain. Hosts USDT via Tether's native issuance and is a focus for institutional tokeni…
Multi-chain relay network connecting parachains. USDT available natively on Asset Hub; cross-chain stablecoin flows via …
Layer 2 (Ethereum)
Coinbase's Ethereum L2 built on the OP Stack. Fastest-growing L2 for stablecoins, driven by USDC native issuance and Coi…
Ethereum's largest L2 by TVL. Optimistic rollup with EVM equivalence, favored by DeFi protocols for USDC and USDT liquid…
Ethereum L2 dedicated to Tether's USDT ecosystem. All supply on Plasma is USDT, making it the first purpose-built stable…
Ethereum L2 backed by Bybit and BitDAO treasury. Growing stablecoin liquidity including USDT and mETH-backed yield stabl…
Ethereum L2 and creator of the OP Stack powering multiple chains. Significant USDC and USDT liquidity from DeFi protocol…
Kraken's Ethereum L2 built on the OP Stack. Large USDT supply driven by Kraken exchange liquidity and the broader Kraken…
OKX's Ethereum ZK rollup built on Polygon CDK. Large USDT supply from OKX exchange user base; significant stablecoin cor…
EVM-equivalent ZK rollup focused on developer compatibility. USDC and USDT available via LayerZero and native bridges.
ConsenSys's Ethereum ZK rollup with deep MetaMask integration. USDC and USDT available, targeting retail and institution…
Ethereum ZK rollup using STARK proofs and Cairo VM. Growing USDC and USDT liquidity via Stargate and native DeFi protoco…
Ethereum ZK rollup with EVM compatibility. Native account abstraction and growing stablecoin ecosystem including USDC an…
Ethereum L2 with native yield on ETH and stablecoins via T-bill integration. USDB is Blast's native yield-bearing stable…