March 3, 2026
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FIAT REFERENCED TOKENS
The Vanderbilt Terminal for Fiat-Backed Stablecoin Intelligence
INDEPENDENT REGULATORY INTELLIGENCE FOR FIAT-REFERENCED DIGITAL TOKENS
USDT Market Cap: $144.6B ▲ +18.2% | USDC Market Cap: $61.3B ▲ +124% | Total Stablecoin Supply: $232.8B ▲ +42% | EUR Stablecoin Volume: $1.8B/day ▲ +67% | MiCA Compliance Index: 73/100 ▲ +11 | BTC: $87,420 ▲ +2.4% | ETH: $2,180 ▼ -1.7% | CBDC Development Index: 134 Countries ▲ +8 | USDT Market Cap: $144.6B ▲ +18.2% | USDC Market Cap: $61.3B ▲ +124% | Total Stablecoin Supply: $232.8B ▲ +42% | EUR Stablecoin Volume: $1.8B/day ▲ +67% | MiCA Compliance Index: 73/100 ▲ +11 | BTC: $87,420 ▲ +2.4% | ETH: $2,180 ▼ -1.7% | CBDC Development Index: 134 Countries ▲ +8 |

Encyclopedia

Comprehensive reference guide to fiat-referenced tokens — definitions, regulatory terminology, technical standards, and institutional frameworks for stablecoins and e-money tokens.

All Articles
Reference

Fiat-Referenced Token: Definition, Classification, and Regulatory Framework

A comprehensive reference entry defining fiat-referenced tokens, their regulatory classification under MiCA and proposed US legislation, and their role in the digital asset ecosystem.

Feb 5, 2026
Key Indicators
USDT Market Cap $144.6B
USDC Market Cap $61.3B
Total Stablecoin Supply $232.8B
EUR Stablecoin Volume $1.8B/day
MiCA Compliance Index 73/100