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Stablecoin companies: 28 on NAUT, 20 with a live token

By NAUT Research · · 6 min read

28 Stablecoin companies NAUT rows whose own description names a coin or an issuer, read 4 November 2026. Logos: Tether, USDC, Ripple, Ethena, Plasma, TrueUSD, Agora, Bridge, JPYC, Lista DAO, Resolv, USDD.

NAUT tracks 219 live company rows in its Stablecoins sector, and 28 of them are the stablecoin companies in this list: the rows whose own NAUT description names a coin, an issuer or a stablecoin product, read from NAUT's database on 4 November 2026. 20 of the 28 have a live token, 6 issue a fiat-backed coin, 8 build payment rails or infrastructure for other people's coins, and every name below links to its NAUT page, where the team sits.

Data note. NAUT's data shows 219 live company rows tagged Stablecoins on 4 November 2026, read-only, with nothing written back. 166 of those rows carry a description, and 80 of the 166 name a coin, an issuer or a stablecoin product. This build shortlisted 30 of the 80 and published 28. StablecoinX came out because its description gives a sector label and a stock code rather than a coin or product of its own, and OnRe Tokenized Reinsurance came out because its description opens on an on-chain reinsurance company and calls ONyc a yield-bearing dollar asset. 9 of the 30 shortlisted companies had a claim sent to an outside source check for this article, and 7 of those 9 came back confirmed with a quote the checker found on the page. 2 more, f(x) Protocol fxUSD and Agora, had their pages fetched without that quote turning up, so the collateral and custody details those checks were after stay out of this article. The other 19 companies in the list carry only what NAUT's own database holds. Trust scores are stored to 6 decimals and shown here to 2. NAUT's stored X handle for Bridge is a generic word rather than a brand account, so no handle is given for it. The groups below are this article's reading of each row's own description; NAUT's own grouping of all 80 named rows is in the next section. NAUT Research wrote it. Anyone listed can ask NAUT to remove their page at https://naut.so/legal/data-deletion.

Which stablecoin companies does NAUT track, and what does each one issue?

These are the 28, in 4 groups: 6 fiat-backed issuers, 5 yield-bearing or synthetic dollars, 9 crypto-collateralised protocols and 8 payments and infrastructure builders. The second column is what each row's own NAUT description names.

Company What it names Token
Issuer of USDT, a platform for digital fiat Yes
Regulated USD-backed coin issued by Circle Yes
TUSD, USD-pegged, daily reserve attestations Yes
AUSD, issued 1:1 with USD fiat, white-label issuance Yes
Japanese yen coin Yes
Fiat-referenced issuer No
USDe, hedged without bank reliance Yes
Coin backed by a true-delta-neutral design Yes
USDai synthetic dollar, sUSDai lends to AI hardware Yes
SEC-registered yielding coin on Provenance Yes
USDs, auto-yield, SPA governance token Yes
Over-collateralised protocol, capital efficient Yes
fxUSD on Ethereum, staked ETH collateral Yes
reUSD backed by CDPs, SubDAO of Convex and Yearn Yes
Over-collateralised USD coin from TRON DAO Reserve Yes
MUST on Saga EVM, a Liquity V2 fork Yes
lisUSD borrowed against BNB liquid staking tokens Yes
Native lending and coin issuance on Bitcoin Yes
UXD, backed by a delta-neutral position No
Chain with a native coin backed by a basket of LSDs No
Coin-powered cross-border payments and custody, XRP Ledger Yes
Stablecoin APIs for developers No
Stablecoin payment API No
Stablecoin payment platform No
Open infrastructure to move money globally Not recorded
Numéraire AMM on Solana, issues USD* as an LP token No
EVM Bitcoin sidechain built for coin payments at scale Yes
Chain-abstraction coin system across chains Yes

7 of the 28 rows rest on an outside page a checker read on 4 November 2026: Tether, USDC, TrueUSD, Ethena, Resolv, USD.AI and Ripple. No outside detail appears here for the other 21: Agora and f(x) Protocol fxUSD were fetched without the quote the checker was after, and the remaining 19 rest on NAUT's record alone.

NAUT's own grouping of all 80 rows that name a coin or product runs wider than the 28 above: 25 sit in a catch-all group, 20 are fiat-backed issuers, 16 are payments and infrastructure, 10 are yield-bearing or synthetic dollars and 9 are crypto-collateralised protocols. 111 of the 219 tagged rows have a live token, and 55 of the 80 named rows do.

How does NAUT score these stablecoin companies?

NAUT holds a trust score for 10 of the 28, and none for the other 18. The score runs on a company's record rather than on its coin, so it ranks the row, not the peg.

NAUT trust score, the 10 of 28 companies that carry one
  1. UXD Protocol6.37
  2. Angle6.37
  3. River6.07
  4. Plasma6.01
  5. BitSmiley5.96
  6. Resolv5.70
  7. Sperax5.44
  8. Tenet5.32
  9. Lista DAO4.95
  10. Ethena4.95

Ranked by NAUT trust score on 4 November 2026, UXD Protocol and Angle both show 6.37 and Ethena shows 4.95, the lowest of the 10. The 18 rows with no score include the largest issuers in the list, Tether and USDC, so a missing score says nothing about a coin's size.

What this tells a BD team selling into stablecoin payments

  • 8 of the 28 sell rails rather than a coin: Ripple, Bridge, BlindPay, Noah, Open Standard, Perena, Plasma and River. These are the buyers for compliance, treasury, custody and on-ramp products.
  • 4 of the 8 have no live token on NAUT's record (Bridge, BlindPay, Noah and Perena) and 1 has no token flag recorded (Open Standard), so an equity-stage pitch fits them better than a token-stage one.
  • The 6 fiat-backed issuers are the regulated end of the list, and 3 of them published something a checker could read on 4 November 2026: USDC, which its own learn page says is "redeemable 1:1 for US dollars", Tether and TrueUSD, whose attestation cadence a guide describes as reports "on a daily basis".
  • Start on the NAUT page, not the website. Each company page carries the team rows and says which channels NAUT has on file for each person.
How a BD team can work this list
  1. Pick the buyer type8 of the 28 build payment rails, led by Ripple, Bridge and Plasma.
  2. Split by stage20 of the 28 have a live token and 7 have none, so the pitch and the budget differ.
  3. Open the NAUT pageEach of the 28 links to its page, with the team rows and the channels NAUT holds.
  4. Reach the ownerVerified Telegram, email and LinkedIn unlock on any paid NAUT plan.

What this tells an investor sourcing stablecoin companies

  • 7 of the 28 are pre-token on NAUT's record, so a primary round is still possible there: IDAfi24, UXD Protocol, Tenet, Bridge, BlindPay, Noah and Perena.
  • 5 rows carry a raise in their own NAUT description: Perena at $3M pre-seed, Lista DAO at over $10M from Binance Labs in August 2023, USD.AI at $17.4M, Ethena at over $20.5M across several rounds and Plasma at $24M of private funding. Those are NAUT's stored descriptions, not a round check, so confirm each one before it goes in a memo.
  • The design split matters more than the sector tag. 9 of the 28 mint against crypto collateral, 5 run a yield-bearing or synthetic dollar, and 6 hold fiat reserves, which puts 3 very different risk books under one Stablecoins tag.
  • 2 of the synthetic dollar rows describe a hedged book that an outside page confirmed on 4 November 2026: Ethena, described as buying "spot crypto collateral, primarily staked ETH" and shorting perpetual futures, and Resolv, described as holding "long spot positions and short perpetual futures".
How an investor can sort the 28
  1. Rank the record10 of the 28 carry a NAUT trust score, from 6.37 down to 4.95.
  2. Filter for primary7 are pre-token on NAUT's record, among them Perena and BlindPay.
  3. Read the backing9 mint against crypto collateral, 5 run a synthetic dollar, 6 hold fiat reserves.
  4. Verify the account4 X accounts were re-proved against the company's own site for this build.

How to reach the decision makers at these stablecoin projects

Every one of the 28 links to a NAUT company page that lists its team, and 4 of the X accounts in NAUT's record were re-proved against the company's own website for this article: Tether at @tether, Ripple at @Ripple, Ethena at @ethena and USD.AI at @USDai_Official. For the other 24 rows, use the handle and the team shown on the NAUT page and check it against the company's own site before a first message. Ripple is the one row in the list with a confirmed 2025 acquisition behind it: Cointelegraph reported that "Ripple has closed its acquisition of non-bank prime broker Hidden Road", which is the kind of event that moves a buying committee.

Related reading on NAUT: Stablecoin funding: 13 startups raised $316M, no VC led twice and RWA companies list: 110 on NAUT, 60 with a live token.

Can you pull this data through the NAUT API?

Yes. Sector is a documented filter on the projects endpoint, so GET https://api.naut.so/v1/projects?sector=Stablecoins&limit=100 returns the tagged rows this article was built from, and adding &token=launched narrows it to the ones with a live token. Each data call costs 5 credits and carries Authorization: Bearer $NAUT_KEY; the parameters are listed in the API docs and the plans start at $49 a month on pricing. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so you can start a 7-day trial and pull the channels for the teams behind these 28 companies.

Stablecoin companies FAQ

Which companies issue stablecoins?

On 4 November 2026, NAUT's data shows 28 companies whose own description names a coin, an issuer or a stablecoin product, and 6 of the 28 issue a fiat-backed coin: Tether (USDT), USDC (issued by Circle), TrueUSD (TUSD), Agora (AUSD), JPYC (a yen coin) and IDAfi24. A third-party ranking read on 4 November 2026 puts USDT first among stablecoins by market cap, at about $186B.

How many of these stablecoin companies have a live token?

20 of the 28 have a live token on NAUT's record as of 4 November 2026, 7 have none and 1 (Open Standard) has no token flag recorded. The 20 include Tether, USDC, Ethena, Ripple, Plasma and Lista DAO.

Which of these companies build stablecoin payments rather than issue a coin?

8 of the 28 describe rails or infrastructure rather than their own reserve-backed coin, as of 4 November 2026: Ripple, Bridge, BlindPay, Noah, Open Standard, Perena, Plasma and River. 4 of the 8 are pre-token on NAUT's record.

Where can I find the teams at these stablecoin issuers and their contact channels?

On NAUT. Each of the 28 companies in this list has a NAUT page with its team rows, and GET https://api.naut.so/v1/projects?sector=Stablecoins&limit=100 returns the same tagged set through the API for 5 credits a call. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so you can start a 7-day trial and open the channels for the teams at all 28.

Sources

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