<p>Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference. Stablecoins may be pegged to a currency like the U.S. dollar. Includes fiat-backed, crypto-backed and algorithmic stablecoins on Ethereum.</p> <p>Note: The chart includes <a href="https://tether.to/en/tether-issuance-primer/">unissued</a> USDT currently held within the Tether treasury among its displayed supplies.</p>