Stablecoins: USDT, USDC and the networks they run on
Stablecoins are crypto tokens built to hold the value of a regular currency, and dollar stablecoins total $294.6 billion today. USDT is the largest at $176.8 billion, with 52.1% of it on Tron.
Every Stablecoin Page
Every stablecoin page here names its source for each address and number, starting with the issuer's own list.
- What is USDT?
a dollar stablecoin from Tether, mostly on Tron and Ethereum.
- What is TRC20?
Tron's token standard, the format behind USDT on Tron.
- USDT TRC20
Tether's USDT on the Tron network, paid for in TRX.
- What is BEP20?
the token standard on BNB Smart Chain, built from ERC20.
- USDT networks compared
the chains USDT moves on, each with its own fee coin.
- USDT dominance
USDT's share of the total crypto market cap.
Why the Network Matters for Stablecoins
The network matters for stablecoins because the same token lives on many blockchains, each with its own addresses and fees. USDT on Tron and USDT on Ethereum are worth the same, but a transfer only arrives if the sender and the receiver use the same network.
Issuers publish the official contract for each chain. Where a chain's version comes from someone other than the issuer, these pages say so.