About
Binance is the world's largest crypto exchange by trading volume and the dominant venue for USDT and FDUSD stablecoin pairs. It previously issued BUSD (via Paxos, wound down in 2024) and operates BNB Chain, a major stablecoin settlement network. It promotes FDUSD and yield products like its RWA-backed offerings.
Stablecoins
Key products
Chains
- Founded
- 2017
- HQ
- Decentralized / Dubai, UAE
- Stage
- Private
- Funding
- Private
Related companies
Crypto.com
Exchange, card issuer and Cronos chain operator
Crypto.com is a large consumer crypto exchange and card program operator. Its 2025 roadmap included launching its own stablecoin and filing for a Cronos ETF. It operates the Cronos chain and a widely used crypto Visa card program, making it a major stablecoin spending and trading venue.
Bitget
Exchange and issuer of yield-bearing BGUSD
Bitget is a global crypto exchange and copy-trading platform that launched BGUSD in May 2025, a yield-bearing stable asset certificate backed by tokenized US Treasury funds (including Superstate's USTB) offering ~4% yield. It also operates Bitget Wallet.
Bybit
Major derivatives and spot exchange
Bybit is a leading global crypto exchange known for derivatives and perpetuals, with USDT, USDC and USDe carrying the bulk of stablecoin volume across spot and perp markets. It is one of the largest non-US trading venues by volume.
Coinbase
Largest US crypto exchange and USDC co-issuer
Coinbase is the largest US-listed crypto exchange and a primary stablecoin trading venue. It co-founded USDC with Circle via the Centre consortium and earns a share of USDC reserve revenue, while operating Base (its L2), Coinbase Wallet, custody and on/off-ramp services. In 2026 it is positioning around stablecoins, Base, and an 'everything exchange' strategy.
Lemon
Argentina's crypto neobank for digital dollars
Lemon (Lemon Cash) is an Argentine crypto neobank with 2M+ users, offering a wallet, exchange, a Visa stablecoin debit card and USDC savings yield. It lets users convert salaries into digital dollars (USDC) as an inflation hedge and spend them at point of sale, with Earn powered by Aave.
Plasma
Stablecoin-first L1 for zero-fee USDT transfers
Plasma is a Bitcoin-anchored, EVM-compatible Layer-1 purpose-built around USDT, backed by Tether and Bitfinex. It uses PlasmaBFT consensus, anchors state checkpoints to Bitcoin, and offers zero-fee USDT transfers, sub-second finality, and gas payable in stablecoins. Its XPL token launched with mainnet in late 2025, and it grew rapidly in stablecoin TVL into 2026.