Developed in collaboration with Allium Labs. The Visa Onchain Analytics Dashboard showcases how fiat-backed stablecoins move via public blockchains globally.
Fiat-backed stablecoins are tokens issued on blockchain networks that are designed to maintain a stable value and have fiat reserves that are held off chain. Data from the movement of fiat-backed stablecoins on public blockchains is publicly available, and companies like Allium Labs specialize in ingesting this data and displaying it visually.
This Onchain Analytics Dashboard can be accessed by anyone to better understand how fiat-backed stablecoins are moving across blockchain networks globally, and demonstrate the volumes and participants involved in the process. Click through the different tabs to learn more about Stablecoin Supply, Stablecoin Transactions, and Stablecoin Addresses.
The average supply of stablecoins in circulation, across all stablecoins
Stablecoins are tokens issued on blockchain networks designed to maintain a stable value.
Public blockchains are decentralized networks designed to allow anyone to participate and verify transactions, where transaction history is transparent and accessible to everyone on the network.
Stablecoin supply refers to the total number of stablecoin units currently in circulation, designed to be directly tied to the reserve assets backing them to maintain their price stability.
Stablecoin transactions over public blockchains are exchanges of stable-value cryptocurrencies that can be openly recorded, verified, and accessible to anyone on a blockchain network.
Addresses sending and receiving stablecoin transactions over public blockchains where transactions are openly recorded, verified, and viewable by anyone on the blockchain network through the user's public wallet address.
USDC, or USD Coin, is a type of stablecoin that is pegged to the US dollar, with its reserve assets managed by Circle Financial.
USDT, or Tether, is a type of stablecoin that is pegged to the US dollar, with its reserve assets managed by Tether Operations Limited.
PYUSD, or PayPal USD, is a type of stablecoin that is pegged to the US dollar, with its reserve assets managed by PayPal in partnership with Paxos Trust Company.
FDUSD, or First Digital USD, is a type of stablecoin that is pegged to the US dollar, with its reserve assets managed by First Digital Trust.
USDP, or Pax Dollar, is a type of stablecoin that is pegged to the US dollar, with its reserve assets managed by Paxos Trust Company.
USDG, or Global Dollar, is a type of stablecoin that is pegged to the US dollar, with its reserve assets managed by Paxos Digital.
The following public blockchains are represented:
The average supply of stablecoins in circulation, across all stablecoins