Brandwave

Stablecoin platforms:Which brands are most popular in search?

In August 2026, Paxos was the most searched among stablecoin platforms worldwide, with an estimated 135K branded searches and 89.2% estimated Share of Search within this set. These are worldwide searches for English-language branded terms.

Share of Search, August 2026
  1. Paxos89.2%
  2. Ethena9.8%
  3. MakerDAO1.1%
  4. Circle—
  5. Tether—

Follow stablecoin platforms and get free monthly updates on what changed

By continuing you'll get index updates and occasional product news from Brandwave. Unsubscribe any time. Privacy

Track your brand in this set →

Share of SearchLeaderboard

Compare the companies that issue stablecoins. Branded searches tell you how often people look for a brand by name or related terms. Comparing these searches across competitors helps you see how popular each brand is over time.

Share of Search among stablecoin platforms worldwide, by month

Share of Search by month for Paxos, Ethena. The figures are in the table below the chart.

View monthly share of search table
MonthPaxosEthenaMakerDAOCircleTether
Oct 202560.4%33%6.6%——
Nov 202559.5%32.6%7.9%——
Dec 202566.7%24.4%8.9%——
Jan 202679.4%15.9%4.7%——
Feb 202679.4%15.9%4.7%——
Mar 202681.8%13.4%4.9%——
Apr 202682.5%13.5%4%——
May 202688.4%9.7%1.9%——
Jun 202689%9.8%1.3%——
Jul 202690.8%8.1%1.1%——
Aug 202689.2%9.8%1.1%——
Sep 2026—————

This month’s ranking, August 2026

  1. 1.Paxos

    89.2%

    Held 1st. 135K estimated branded searches, 0% vs prior month. Share -1.6 points.

  2. 2.Ethena

    9.8%

    Held 2nd. 14.8K estimated branded searches, +22.3% vs prior month. Share +1.6 points.

  3. 3.MakerDAO

    1.1%

    Held 3rd. 1.6K estimated branded searches, 0% vs prior month. Share 0 points.

  4. —.Circle

    —

    Not measured this month. — estimated branded searches, — vs prior month. Share —.

  5. —.Tether

    —

    Not measured this month. — estimated branded searches, — vs prior month. Share —.

Compare search popularity between leading brands

Which brand is most popular in search among stablecoin platforms worldwide?

In August 2026, Paxos was the most searched among stablecoin platforms worldwide, with an estimated 135K branded searches and 89.2% estimated Share of Search within this set. Ethena is in 2nd place, 79.4 percentage points behind at 9.8% Share of Search.

Global stablecoin platforms, last 12 months ending September 2026
BrandShare of SearchPeakLowRank
Paxos60.4% → 89.2%90.8%Jul 202659.5%Nov 20251st
Ethena33% → 9.8%33%Oct 20258.1%Jul 20262nd
MakerDAO6.6% → 1.1%8.9%Dec 20251.1%Aug 20263rd

Each finding as a sentence

  • Across the 11 months ending August 2026, Paxos’ estimated Share of Search among stablecoin platforms worldwide increased from 60.4% to 89.2%.
  • Across the 11 months ending August 2026, Ethena’s estimated Share of Search among stablecoin platforms worldwide decreased from 33% to 9.8%.
  • Across the 11 months ending August 2026, MakerDAO’s estimated Share of Search among stablecoin platforms worldwide decreased from 6.6% to 1.1%.
  • Across the 11 months ending August 2026, Paxos’ estimated Share of Search among stablecoin platforms worldwide peaked at 90.8% in July 2026 and was lowest at 59.5% in November 2025.
  • Across the 11 months ending August 2026, Ethena’s estimated Share of Search among stablecoin platforms worldwide peaked at 33% in October 2025 and was lowest at 8.1% in July 2026.
  • Across the 11 months ending August 2026, MakerDAO’s estimated Share of Search among stablecoin platforms worldwide peaked at 8.9% in December 2025 and was lowest at 1.1% in August 2026.
  • Across the 11 months ending August 2026, Circle and Tether held steady: their estimated Share of Search among stablecoin platforms worldwide each moved less than 0.5 percentage points.

How did search popularity change for stablecoin platforms worldwide in August 2026?

  1. In August 2026, Ethena gained estimated Share of Search among stablecoin platforms worldwide, from 8.1% to 9.8%.

  2. In August 2026, Paxos lost estimated Share of Search among stablecoin platforms worldwide, from 90.8% to 89.2%.

  3. MakerDAO’s estimated Share of Search among stablecoin platforms worldwide has lost ground for 3 months in a row, from 1.9% to 1.1% in August 2026.

How the Brand Demand Index is measured

Creator with pink hair and a pink jacket

See your own brand in this picture

Brandwave tracks your branded demand next to your campaigns, spend and outcomes, so you can see what moved your numbers, not just that they moved.