Stablecoin Collateral Flow – May 2025

This chart visualizes how leading stablecoins are collateralized, mapping flows from each token to its underlying reserve assets. It includes both crypto-backed and fiat-backed models, revealing how capital moves through the system and where it ultimately resides. Even crypto-backed stablecoins eventually route value into traditional instruments like US Treasury Bills.
This data reflects stablecoin collateral holdings as of April 30, 2025 and will be updated periodically. For custom tools, real-time figures or tailored analytics, please contact us.
Source: Public reserve reports from leading stablecoin issuers representing over 99% of market volume.