How the stablecoin directory is built
Market-cap ranking
Eligible stablecoins are ordered by the current circulating value in DefiLlama’s stablecoin dataset. Chain-level supplies are treated as distributions of the canonical asset and are not summed into separate bridged records.
Peg data
Peg deviation compares current price with the stated target only where that target can be identified reliably. Non-dollar assets are not compared with USD 1. Missing targets appear as not verified.
Yield selection
DefiLlama yield pools must be marked as stablecoin-focused, have at least $1 million in TVL, non-zero base APY, recent numeric data and no provider anomaly flag. Mixed volatile-asset pools and APYs above 50% are excluded from the featured set pending review.
Quality-adjusted ordering considers capped APY, base APY, log-scaled TVL, the difference from the 30-day mean, reward dependence and strategy exposure. This is a discovery methodology, not a safety rating or financial advice.
Refresh and resilience
A daily sync validates both provider responses before atomically replacing the stored snapshot. Empty or malformed responses are rejected. The previous valid file remains in place after a failed refresh, and the visible timestamp changes only after success.
Source precedence
- Locked manual editorial overrides
- Official issuer sources for issuer-specific facts
- DefiLlama for rankings, supply, price, chains and yields
- Alchemy for research and ecosystem enrichment
- CoinGecko for secondary validation and logo fallback
Risk disclosure
Stablecoins can depeg. Issuers, custodians, exchanges and protocols can fail. Reserves may be inaccessible and smart contracts can be exploited. Yield is variable and never guaranteed.