A living catalogue of how stablecoins are issued, reserved, distributed and regulated — from shared-liquidity protocols to bank joint ventures, white-label platforms and tokenized money-market funds.
Anchorage Digital Bank · United States · Peg USD (extensible)
Federally chartered crypto bank offering a turnkey stack for banks to issue their own branded, fully-reserved stablecoin.
Paxos (for PayPal) · United States · Peg USD
PayPal-branded USD stablecoin issued by Paxos Trust under NYDFS oversight.
Bank-led JV · Europe (EU) · Peg EUR
European bank consortium building a jointly-owned issuer for a regulated euro stablecoin / deposit-token rail.
DWS, Flow Traders, Galaxy JV · Germany / EU · Peg EUR
Joint venture between DWS, Flow Traders and Galaxy to issue a regulated euro stablecoin.
Circle · United States / Global · Peg USD
Fully-reserved USD stablecoin backed by cash and short-dated US Treasuries, redeemable 1:1.
Tether Holdings · Global (offshore) · Peg USD
Largest USD stablecoin by market cap, backed by a mix of T-bills, cash, secured loans, BTC and gold.
Ripple (Standard Custody) · United States / Global · Peg USD
Enterprise-grade USD stablecoin built for cross-border payments on XRPL and Ethereum.
Circle France SAS · Europe · Peg EUR
MiCA-compliant euro stablecoin issued by Circle's French EMI.
Monerium EMI · Europe (EEA) · Peg EUR
First MiCA-licensed e-money token, redeemable via SEPA directly from on-chain wallets.
Sygnum Bank · Switzerland · Peg CHF
Swiss regulated bank exploring a CHF-pegged stablecoin under the forthcoming FinIA payment-institution license.
Bitcoin Suisse · Switzerland · Peg CHF
Early CHF-pegged stablecoin used in Swiss DeFi and tokenization pilots.
Centi AG · Switzerland · Peg CHF
Swiss micro-payments CHF stablecoin backed by a bank guarantee from Hypothekarbank Lenzburg.
First Digital Labs · Hong Kong · Peg USD
Hong Kong-issued USD stablecoin focused on Asian exchange liquidity.
StraitsX (Xfers) · Singapore · Peg SGD
MAS-regulated Singapore-dollar stablecoin used across Asian payment rails.
BRLA Digital · Brazil · Peg BRL
Brazilian-real stablecoin enabling PIX-to-crypto on-/off-ramps across LatAm.
JPMorgan · United States / Global · Peg USD / EUR
Permissioned deposit token used for intra-day wholesale settlement between JPMorgan clients.
SG-FORGE · France / EU · Peg EUR
Public-blockchain euro stablecoin issued by a regulated subsidiary of Societe Generale.
Sky Protocol · Global / DeFi · Peg USD
Decentralized USD stablecoin over-collateralized by crypto and tokenized real-world assets.
Frax Finance · Global / DeFi · Peg USD
Hybrid fractional-algorithmic stablecoin transitioning toward full RWA backing.
Ethena Labs · Global · Peg USD (synthetic)
Synthetic dollar backed by delta-neutral hedged crypto positions; sUSDe distributes yield.
BlackRock / Securitize · United States · Peg USD ($1 share)
Tokenized money-market fund — passes T-bill yield directly to qualified token holders.
Ondo Finance · Global (ex-US) · Peg USD (yield-bearing)
Tokenized note backed by short-term US Treasuries, passing ~5% yield to non-US holders.