Stablecoin Rankings
Stablecoin Custody Scores
Every stablecoin issuer and custody provider independently scored across six categories. Filter by type, sort by what matters to you, and expand any card for the full breakdown.
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10 platforms
1
82
Circle (USDC)A-Distributed
Multi-Institution Reserves (BlackRock + BNY Mellon) · Free mint/burn (institutional)
USDC reserves custodied by BlackRock (Circle Reserve Fund) and BNY Mellon. Monthly attestations by Deloitte. Most transparent stablecoin issuer and GENIUS Act ready.
2
78
PaxosB+SPOF
NY Trust Company (State-Regulated) · Custom institutional pricing
NY DFS-regulated trust company. Issues PYUSD for PayPal, USDP, and Pax Gold (PAXG). Monthly attestations by WithumSmith+Brown. Strongest regulatory position of any stablecoin issuer.
3
76
BNY MellonBSPOF
World's Largest Custodian Bank · Custom institutional pricing
World's largest custodian bank ($52T+ in assets under custody). Holds USDC cash reserves for Circle. Custodies assets for 11 Bitcoin ETFs. Unmatched regulatory credibility and balance sheet.
4
75
Bridge (by Stripe)BSPOF
Stablecoin Orchestration (Stripe-Backed) · API-based pricing
Acquired by Stripe for $1.1B. Stablecoin orchestration layer powering cross-border payments, on/off-ramps, and stablecoin issuance for enterprises. Developer-first API design.
5
74
PayPal (PYUSD)BSPOF
Paxos-Issued, PayPal-Distributed · Free PayPal-to-PayPal transfers
PYUSD issued by Paxos under NY DFS regulation. Monthly attestations. Distributed through PayPal and Venmo to 400M+ users. Largest fintech stablecoin by distribution reach.
6
72
BitGoBSPOF
Qualified Custodian (Multi-Sig) · Custom institutional pricing
Qualified custodian with multi-sig architecture. $250M insurance policy. Custodies stablecoin reserves and provides settlement infrastructure. Used by stablecoin issuers and exchanges.
7
70
Anchorage DigitalB-SPOF
OCC-Chartered Crypto Bank · Custom institutional pricing
First OCC-chartered crypto bank. Custodies stablecoin reserves for multiple issuers. SOC 1 & 2 compliant. Banking-grade custody infrastructure for digital assets.
8
68
Ripple (RLUSD)B-SPOF
NY DFS-Approved Stablecoin · Competitive institutional pricing
NY DFS-approved stablecoin launched December 2024. Reserves in USD deposits and short-term US Treasuries. Monthly attestations. Available on XRPL and Ethereum.
9
66
FireblocksC+SPOF
MPC Custody Infrastructure · Custom SaaS pricing
MPC-based custody infrastructure used by 1,800+ institutions. Powers stablecoin custody for multiple issuers and custodians. Broadest DeFi connectivity of any infrastructure provider.
10
62
Tether (USDT)C+SPOF
Single Custodian (Cantor Fitzgerald) · 0.1% redemption fee
Largest stablecoin by market cap ($145B+). Deepest liquidity across all exchanges and chains. Dominant in emerging market remittance and trading.