List of Stablecoin Issuance projects on Ethereum (2026)

A stablecoin issuance system that manages token supply through mint and burn mechanisms across multiple blockchains, maintaining price stability through fiat currency backing.

Circle Mint provides institutional access to USDC and EURC issuance and redemption directly from Circle. The platform enables organizations to convert fiat currency to stablecoins with instant settlement through bank account integrations supporting wire, SEPA, and banking network transfers. Users can manage multi-user permissions, execute cross-blockchain transfers with near-instant settlement, and access API integration for automated minting and redemption workflows across multiple countries.

Ethena Protocol issues USDe, a synthetic dollar that keeps its peg by pairing spot crypto collateral with offsetting short derivatives positions. Users can stake USDe to receive sUSDe, a savings asset that accrues protocol revenue over time. The protocol also integrates USDtb, a dollar token backed by tokenized short-duration treasury funds, as a reserve asset. A stablecoin-as-a-service offering lets other businesses launch their own branded stablecoins on the same issuance and liquidity infrastructure.

USD0 is a stablecoin issuance system that mints a dollar-pegged token one-to-one against tokenized US Treasury bill collateral. Eligible holders deposit approved collateral tokens to mint and redeem at par, while other users convert stablecoins through a swap engine that matches orders against collateral liquidity. The same architecture issues EUR0, a euro-pegged stablecoin backed by tokenized Eurozone government bills. Collateral is held on-chain and can be verified in real time, and reserve yield flows to the protocol for redistribution to its community.

Open Issuance is a stablecoin issuance platform enabling businesses to use Bridge's USDB stablecoin or create custom branded stablecoins through a unified API. The system supports customizable reserve allocations between cash and treasuries managed by BlackRock, Fidelity Investments, and Superstate, with businesses earning rewards from reserves. The platform provides interoperability between issued stablecoins through one-to-one token swaps, GENIUS-ready compliance handling, and security controls including blacklists and whitelists.

Ripio wFiat is a stablecoin issuance and virtual-account infrastructure platform that lets businesses integrate local-currency-pegged tokens and bank-linked accounts into their own products. It issues stablecoins pegged one-to-one to Latin American fiat currencies, backed by liquidity in major dollar-pegged stablecoins, and provides API access to virtual accounts connected to local banking rails. Fintechs, wallets, and exchanges use the platform to offer fiat-to-crypto conversion, cross-border settlement, and yield-bearing balances without building banking or issuance infrastructure themselves.

Brale Stablecoin Issuance API enables programmatic minting and redemption of regulated stablecoins across multiple blockchains, supporting USD and USDC funding with automated compliance and treasury management.

TRYB Stablecoin is a stablecoin issuance product that mints and redeems a Turkish lira-pegged token across multiple blockchains. Users deposit lira into an affiliated bank account, after which an equivalent amount of TRYB is minted and delivered to their wallet, with reserves held in Turkish bank accounts and redeemable one-to-one at any time. The token supports transfers, decentralized finance use, and third-party exchange listings independent of any single trading venue. Audit reports on reserves are published periodically for transparency.

Origin Dollar is a yield-bearing dollar stablecoin that generates returns for holders directly in their wallets without staking or lockups. It deploys underlying reserves into automated, onchain lending strategies across multiple EVM chains and distributes the resulting yield through auto-compounding, while a Yield Forwarding mechanism can redirect a holder's yield to another address. The token targets users seeking passive stablecoin yield with full capital control and no centralized fund managers.

Agora Stablecoin is a US dollar stablecoin issuance product that mints and redeems digital dollars at par. Each token is backed one-to-one by cash, repurchase agreements, and short-term Treasury securities, with reserves held by third-party custodians and reported through independent attestations. It is deployed across multiple blockchains, so businesses and financial institutions can hold and move dollars on-chain at low cost.

Agora White-labeled Stablecoins is a stablecoin issuance service that lets businesses launch their own branded digital dollar on Agora's stablecoin infrastructure. Agora handles licensing, compliance, and monitoring, while each token gains access to shared liquidity across exchanges, on-ramps, off-ramps, and custodians. Businesses control how yield is shared with themselves or their customers and track activity through an analytics and control dashboard.

FDUSD Platform is a multichain stablecoin issuance system that creates USD-backed digital currency across multiple blockchains. The platform maintains 1:1 USD backing through regulated custodians and provides institutional minting and redemption services with zero fees for qualified participants.

Currency One USD is a stablecoin issuance product for C1USD, a token pegged one to one to the US dollar and backed by reserves held at regulated financial institutions with independent monthly attestations. C1USD is issued on Stellar and as an ERC-20 token on Ethereum, and is used for payments, trading and as collateral in EVM-compatible DeFi protocols. Verified Kinesis account holders earn a variable introductory yield on C1USD balances, paid monthly with no lock-up.

Noon Protocol is a stablecoin platform that issues USN, a dollar-pegged token backed by delta-neutral trading strategies, and its staked counterpart sUSN. Users mint and redeem USN against supported collateral assets, then stake it into sUSN to accrue yield generated from the protocol's hedged deployment strategies. The platform also provides a token bridge for moving USN and sUSN across supported blockchains, an integrated swap function, and a rewards programme that incentivizes participation. Holders of the governance token can stake and vote to influence protocol parameters and treasury decisions. The product is accessed through a single web application covering issuance, staking, bridging, swapping, and governance.

An issuance of regulated electronic money tokens backed by fiat deposits in segregated accounts, issued on public blockchains under EU e-money and MiCA regulations by a licensed Electronic Money Institution.

Avalon USDa platform mints USDa stablecoin through Bitcoin collateralization, enabling users to deposit FBTC or USDT to generate USDa at 1:1 ratio with 8% fixed borrowing rate and conversion guarantee to USDT.

USDD Stablecoin Protocol issues USDD against over-collateralized crypto positions held in vaults. A peg stability module enables par swaps with other stablecoins, and a savings feature lets holders earn yield through sUSDD. Liquidation and collateral auction mechanisms keep the stablecoin backed.

BitGo Stablecoin-as-a-Service is a platform providing infrastructure for launching and managing dollar-backed stablecoins. It combines qualified custody, reserve management, and smart contract deployment, letting issuers launch stablecoins across multiple blockchains with automated rebalancing and daily reconciliation of backing reserves. Clients also gain access to third-party attestation providers to support reserve reporting and production readiness.

Yala is a stablecoin protocol that issues the $YU asset by letting users mint against over-collateralized BTC. Users lock Bitcoin to create YU, then use it across DeFi and real-world asset platforms for yield and liquidity. The system includes MetaMint, a peg stability module, conversion, and a stability pool to support liquidity, risk management, and redemptions.

Glo Dollar is a fiat-backed stablecoin issuing protocol that maintains 1:1 USD redemption through cash and US Treasury reserves. The system channels revenue from reserve investments to charitable organizations selected by USDGLO holders through on-chain voting. Issued by Brale Inc. under US regulation with monthly independent attestations.

CFX Payment Infrastructure is a payments infrastructure platform that exposes multiple US and international money movement rails through one API. It lets developers and businesses convert between fiat and tokenized dollars, hold balances in virtual accounts, and settle onchain, with identity verification and compliance screening built in. Hosted wallets, a customer dashboard, webhooks, and a rewards engine support partner applications.

AllUnity is a BaFin-regulated e-money institution that issues MiCAR-compliant, fully reserved stablecoins. The platform manages EURAU and CHFAU, each backed 1:1 by segregated fiat reserves held at regulated credit institutions. Minting and redemption are processed through the AllUnity Mint Platform, connecting bank accounts to blockchain wallets without API integration.

Fuze OS is a digital asset infrastructure platform that lets banks, fintechs, and other businesses embed crypto trading, custody, payments, and stablecoin services into their own products. It provides unified APIs for wallet creation, fiat and crypto account management, trading execution, and compliance monitoring. The platform handles order execution, custody orchestration, and reconciliation while giving operators a dashboard to track transactions and compliance events. It supports fiat-to-crypto conversion, cross-border settlement, and AI-assisted compliance automation. Businesses use it to launch branded trading, payment, and wallet experiences without building regulatory or custody infrastructure themselves.

Global USD is a cross-border business account that lets companies incorporated outside the United States hold, send, and receive US dollars without a US entity. Balances are held in USDSL, a dollar-pegged stablecoin backed by cash and short-term US Treasuries, which users mint and redeem against other major stablecoins. Businesses apply separately from US business banking, pass their own compliance review, and fund accounts from multiple blockchains or traditional payment rails. Approved accounts earn rewards on dollar balances and can add Global Cards, payment cards that convert USDSL to dollars at the point of sale.

Beanstalk Protocol is a permissionless stablecoin issuer maintaining the peg of its Bean stablecoin through credit-based monetary policy rather than collateral reserves. Users deposit Bean and other whitelisted assets into the Silo to earn yield, borrow against future protocol revenue through the Field by receiving Pods, and Fertilizer holders receive Bean rewards through the Barn. Each Season, the protocol adjusts a Temperature rate and Soil issuance based on oracle price data to push Bean's price back toward its peg, while a Pod marketplace lets holders trade debt positions and governance token holders vote on protocol changes.

Hydration Money Market is a decentralised lending protocol built on a modified Aave v3 architecture that allows users to supply crypto assets to earn interest and borrow against accepted collateral. It also issues Hollar, an over-collateralized stablecoin targeting a value of approximately one dollar that users mint by depositing supported crypto assets into the borrow markets. A dedicated stability module supports the peg through direct stablecoin conversions, while partial liquidations are executed automatically at the start of every block to restore health factors and reduce all-or-nothing liquidation risk. Supported collateral spans multiple crypto assets across connected blockchains.

APACX Stablecoin Infrastructure provides a multi-collateral system for peso-pegged token issuance, enabling collateralized minting through stablecoin backing and automated liquidation mechanisms. The system provides over-collateralized stablecoin creation with stability fee mechanisms and emergency shutdown capabilities for Southeast Asian markets.

Stable Mint is a stablecoin issuance platform that issues and manages USDSM and EURSM electronic money tokens under MiCA regulation. The platform enables users to hold multi-currency stablecoin balances, send payments via SEPA and SWIFT, convert between EUR and USD stablecoins, and redeem tokens at par value on demand.

Aegis Platform provides Bitcoin-backed stablecoin issuance through smart contract automation and delta-neutral hedging strategies. The system maintains YUSD stability at $1 by selling BTC-margined perpetual contracts while offering automatic yield generation through funding rate arbitrage.

CoinVertible creates MiCA-compliant stablecoins pegged 1:1 to fiat currencies with full collateral backing and daily transparency reporting. The system supports EUR and USD denominations deployed on Ethereum and Solana public blockchains.

A stablecoin issuance platform providing fully collateralized ZAR-pegged tokens backed 1:1 by treasury reserves managed by Old Mutual Wealth, with monthly independent audit attestations and native deployment across EVM and non-EVM blockchains.

A regulated platform enabling businesses and individuals to mint, redeem, and manage euro-backed stablecoins for efficient cross-border transactions.

Walapay is API-first payment infrastructure that lets businesses issue virtual multi-currency accounts, move funds across fiat currencies and stablecoins, and manage customer compliance from a single integration. It supports fiat-to-fiat, fiat-to-stablecoin, stablecoin-to-fiat, and stablecoin-to-stablecoin transfers, combining traditional banking rails with stablecoin networks for cross-border settlement. Businesses such as fintechs, payment service providers, payroll platforms, and enterprise finance teams use it to collect, hold, and disburse funds globally, with automated KYC and KYB verification built into onboarding.

USAT is a U.S.-regulated stablecoin that maintains a 1:1 peg to the U.S. dollar through reserves held by Cantor Fitzgerald. Issued by Anchorage Digital under GENIUS Act compliance standards, the token operates on Tether's Hadron platform to enable instant digital dollar transactions for American businesses and institutions.

rUSDC implements ERC-7770 token standard for creating chain-specific stablecoins with 1:1 USDC redemption capability. The protocol maintains distinct Local Price Stability Modules for each instance, with a Global PSM to handle redemption demands. This architecture enables localized stablecoin issuance with independent risk management while maintaining system-wide stability.

Reservoir Protocol is a decentralized stablecoin issuance platform on Ethereum that mints rUSD backed by digital and real-world assets. The protocol offers multiple yield-bearing primitives including liquid savings, term-based instruments, and lending markets with integrated peg stability mechanisms.

STBL Protocol is a decentralized stablecoin issuance infrastructure using a Principal-Yield Split architecture to separate principal and yield across USST, a USD-pegged stablecoin backed by tokenized real-world assets, YLD, a yield claim NFT, and STBL, a governance token. Each USST mint against RWA collateral generates a corresponding YLD yield token. Smart contracts on Ethereum and BNB Smart Chain support Ecosystem Specific Stablecoin issuance, Multi-Factor Staking, and a Tri-Factor Peg model for USST price stability.

EURI Stablecoin Issuance is a MiCA-regulated e-money token system that enables institutional users to mint and redeem euro-pegged stablecoins through Banking Circle's infrastructure. The system facilitates 1:1 fiat-to-token conversion backed by segregated euro reserves held in bankruptcy-remote accounts, with smart contracts deployed on Ethereum and BNB Smart Chain supporting 24/7 cross-border settlements and DeFi integration.

tGBP is a GBP-pegged stablecoin issued by BCP Technologies Ltd, backed 1:1 by pound sterling and short-term UK gilts held in segregated accounts with regulated UK financial institutions. Smart contracts are audited by OpenZeppelin and reserves undergo monthly independent attestations for transparency. The token uses LayerZero OFT standard for cross-chain transfers across multiple blockchain networks, enabling DeFi integration and global value transfer.