Ethereum hosts $147.5B in stablecoin and stable-value assets across ten major protocols, ranging from fiat-backed tokens to decentralized collateral systems, each with distinct risk profiles.
DeFi & Yields ·
Ethereum held $147.48 billion in stablecoins and stable-value assets at the close of July 2026, with Tether and USD Coin accounting for $74.82 billion and $46.02 billion respectively. The network's ten largest assets span fiat-backed tokens, decentralized collateralized dollars, synthetic structures, payment-company stablecoins, and tokenized cash products, ranging from Sky Dollar at $6.44 billion down to Ondo US Dollar Yield at $1.11 billion. This composition establishes Ethereum as a primary settlement and collateral layer, though the assets carry distinct risk profiles across reserve custody, redemption rights, collateral design, and smart-contract architecture.