Structure

Currencies

USD accounts for 99.7% of tracked on-chain fiat.

Nearly all tracked on-chain fiat is USD-denominated. ODS measures that USD supply against U.S. M2; other currencies are shown here for context and excluded from the benchmark.

Currency breakdown

This board shows the fiat currencies represented in the wider stablecoin market, including the small non-USD share outside ODS.

Live Current snapshot Supply breakdown
USD share 99.7%
Non-USD share 0.30%
Tracked currencies 20 currencies
Freshness 27 May 2026

Source basis: DeFiLlama stablecoin supply and pegged-asset currency classifications.

ODS includes USD-pegged supply only. Currency classifications can change, and this board measures neither transaction volume nor adoption.

Board

All tracked fiat currencies, ranked by supply.

Currencies

Current share of tracked on-chain fiat.

USD accounts for 99.7% of tracked on-chain fiat, but every live fiat rail is listed below.

Current share 20 currencies shown
#1 US DOLLAR (USD) $321.0B 99.7%
#2 EURO (EUR) $750.6M 0.23%
#3 BRAZILIAN REAL (BRL) $86.2M 0.027%
#4 SWISS FRANC (CHF) $55.4M 0.017%

All tracked currencies shown above, sorted by current share. Launch tracking live since May 27, 2026.

Interpretation

What the currency mix means for ODS.

Non-USD supply remains small.

USD-denominated stablecoins account for 99.7% of tracked on-chain fiat. All other tracked currencies share the remainder.

USD dominant EUR early BRL visible CHF niche

Currency mix is a separate question.

ODS compares USD stablecoin supply with U.S. M2. This board shows how tracked on-chain fiat is split across currencies.

With 99.7% of tracked supply denominated in USD, U.S. M2 is the relevant denominator. ODS does not count stablecoins as part of M2.

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