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.
All tracked currencies shown above, sorted by current share. Launch tracking live since May 27, 2026.
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.
This board shows the fiat currencies represented in the wider stablecoin market, including the small non-USD share outside ODS.
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.
All tracked fiat currencies, ranked by supply.
USD accounts for 99.7% of tracked on-chain fiat, but every live fiat rail is listed below.
All tracked currencies shown above, sorted by current share. Launch tracking live since May 27, 2026.
What the currency mix means for ODS.
USD-denominated stablecoins account for 99.7% of tracked on-chain fiat. All other tracked currencies share the remainder.
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.
Weekly email
The week’s stablecoin supply movement and the current benchmark level. One list, at most one email a week.