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 |

Platforms

Comprehensive intelligence on stablecoin issuers, e-money platforms, and fiat-referenced token infrastructure providers. Issuer profiles, licensing status, and reserve transparency assessments.

All Articles
Lens 3 · Platform Intelligence

The Stablecoin Issuer Landscape in 2026: From Crypto-Native Startups to Global Banks

The fiat-referenced token issuer ecosystem has evolved from a handful of crypto-native companies to include global banks, payment processors, and regulated fintech firms. A comprehensive mapping of the competitive landscape.

Feb 15, 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