Stablecoins

260 coins #11

Stablecoins are digital currencies backed by things like regular money or commodities, which means they have a steady value. More

Download
# Coins Price Market cap 24h
1 Tether USD USDT $ 1.000
$ 189.59B
$ 189.59 billion
-0.01%
2 USDC USDC $ 1.00
$ 77.40B
$ 77.40 billion
-0.00%
3 Binance-Peg BSC-USD BSC-USD $ 1.33
$ 11.99B
$ 11.99 billion
+34.04%
4 USDS USDS $ 1.00
$ 10.55B
$ 10.55 billion
-0.96%
5 Ethena USDe USDE $ 0.999
$ 6.14B
$ 6.14 billion
-0.02%
6 Dai DAI $ 0.998
$ 5.13B
$ 5.13 billion
-0.14%
7 World Liberty Financial USD USD1 $ 1.00
$ 4.35B
$ 4.35 billion
-0.10%
8 PayPal USD PYUSD $ 1.000
$ 3.44B
$ 3.44 billion
+0.04%
9 Global Dollar USDG $ 1.000
$ 2.43B
$ 2.43 billion
-0.01%
10 PAX Gold PAXG $ 4,604.04
$ 2.20B
$ 2.20 billion
+1.14%
11 Ripple USD RLUSD $ 1.00
$ 1.46B
$ 1.46 billion
-0.02%
12 USDD USDD $ 1.000
$ 1.45B
$ 1.45 billion
+0.01%
13 United Stables U $ 1.000
$ 995.23M
$ 995.23 million
+0.01%
14 TrueUSD TUSD $ 1.000
$ 494.43M
$ 494.43 million
-0.03%
15 EURC EURC $ 1.17
$ 438.37M
$ 438.37 million
+0.28%
16 First Digital USD FDUSD $ 0.999
$ 415.04M
$ 415.04 million
+0.01%
17 Legacy Frax Dollar FRAX $ 0.995
$ 274.58M
$ 274.58 million
+0.09%
18 Agora AUSD $ 1.00
$ 146.01M
$ 146.01 million
+0.18%
19 Binance USD BUSD $ 1.05
$ 58.58M
$ 58.58 million
+5.43%
20 Mezo USD MUSD $ 1.01
$ 50.59M
$ 50.59 million
+0.43%
21 EURITE EURI $ 1.17
$ 48.48M
$ 48.48 million
+0.28%
22 XUSD XUSD $ 1.00
$ 47.95M
$ 47.95 million
+0.03%
23 Pax Dollar USDP $ 1.000
$ 45.55M
$ 45.55 million
+0.01%
24 TerraClassicUSD USTC $ 0.00707
$ 39.01M
$ 39.01 million
+17.91%
25 Gemini dollar GUSD $ 1.00
$ 37.70M
$ 37.70 million
-0.04%
26 Liquity USD LUSD $ 1.00
$ 35.55M
$ 35.55 million
+0.71%
27 Tether America USD USAT $ 1.000
$ 20.00M
$ 20.00 million
+0.03%
28 XSGD XSGD $ 0.786
$ 15.59M
$ 15.59 million
+0.43%
29 StablR Euro EURR $ 1.16
$ 13.01M
$ 13.01 million
+0.14%
30 Resolv RESOLV $ 0.0294
$ 11.23M
$ 11.23 million
+3.48%
31 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
+0.02%
32 USD Base Coin USDBC $ 1.00
$ 7.06M
$ 7.06 million
+0.14%
33 StablR USD USDR $ 0.998
$ 6.51M
$ 6.51 million
+0.20%
34 Quantoz USDQ USDQ $ 1.00
$ 6.01M
$ 6.01 million
-0.01%

The coins below are ranked lower due to missing data. Learn more

35 Curve.Fi USD Stablecoin CRVUSD $ 1.95
$ 601.08M
$ 601.08 million
+1.00%
36 Usual USD USD0 $ 1.000
$ 565.06M
$ 565.06 million
+0.10%
37 Curve.fi DAI/USDC/USDT 3CRV $ 1.05
$ 167.79M
$ 167.79 million
-0.01%
38 Resupply USD reUSD $ 1.58
$ 79.68M
$ 79.68 million
+3.69%
39 sUSD Synthetix SUSD $ 1.33
$ 70.55M
$ 70.55 million
+5.54%
40 TerraUSD UST $ 0.00685
$ 64.53M
$ 64.53 million
+9.26%
41 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.66M
$ 63.66 million
+0.00%
42 Anchored Coins EUR AEUR $ 1.16
$ 55.04M
$ 55.04 million
+0.26%
43 Decentralized Social DESO $ 4.24
$ 37.71M
$ 37.71 million
+1.01%
44 BOLD Stablecoin BOLD $ 0.999
$ 34.44M
$ 34.44 million
-0.01%
45 Bucket Protocol BUCK Stablecoin BUCK $ 0.999
$ 25.99M
$ 25.99 million
+0.13%
46 Origin Dollar OUSD $ 1.97
$ 10.96M
$ 10.96 million
-0.98%
47 Reservoir DAM $ 0.0171
$ 6.51M
$ 6.51 million
+40.36%
48 Rupiah Token IDRT $ 0.0000702
$ 3.15M
$ 3.15 million
+22.01%
49 Vai VAI $ 0.962
$ 2.46M
$ 2.46 million
-4.05%
50 AetherUSD USDA $ 1.00
$ 18.45
$ 18.45
-0.40%
Download

Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 1.33
$ 11.99B
$ 11.99 billion
+34.04%
TerraClassicUSD USTC $ 0.00707
$ 39.01M
$ 39.01 million
+17.91%
Binance USD BUSD $ 1.05
$ 58.58M
$ 58.58 million
+5.43%
Resolv RESOLV $ 0.0294
$ 11.23M
$ 11.23 million
+3.48%
PAX Gold PAXG $ 4,604.04
$ 2.20B
$ 2.20 billion
+1.14%
All Gainers

What is a stablecoin?

A stablecoin is a blockchain token engineered to hold a steady price by anchoring its value to an off-chain asset—typically the US dollar, euro, gold, or a basket of commodities.
Instead of 50 % daily swings like BTC, stablecoins aim for ±1 % variance, making them the settlement layer of crypto trading, remittances, and on-chain lending.
Combined market-cap exceeds $160 B; on some days USDT + USDC settle more dollar value than Visa.

Quick Facts

  • Purpose: Dollar (or gold) proxy inside smart-contract ecosystems; escape volatility without off-ramping to banks.
  • Peg mechanisms: Fiat reserves, over-collateralised crypto, algorithms, or hybrid.
  • Blockchains: 80 % issued on Ethereum; also Tron, BSC, Solana, Avalanche, Stellar.
  • Velocity: USDT averages >$40 B daily transfer value—double Bitcoin’s on-chain volume.
  • Regulatory lens: Payment stablecoins face MiCA in EU and draft US bills requiring 1:1 cash or Treasury backing.

Top Stablecoins (Live Examples)

Token Ticker Backing Type 2024 Circulating Auditors / Attestations
Tether USDT Fiat (USD) 110 B BDO (quarterly)
USD Coin USDC Fiat (USD) 32 B Grant Thornton (monthly)
Binance USD BUSD Fiat (USD)* 0.1 B Paxos (halted new mints)
True USD TUSD Fiat (USD) 0.5 B Moore HK (real-time dashboard)
DAI DAI Crypto (150 % ETH/BTC) 5.3 B Maker surplus buffer >$100 M
Frax FRAX Partial algo (95 % USD + 5 % FXS) 1.1 B DefiSafety score 93 %
Origin Dollar OUSD Basket (USDT, USDC, DAI) 60 M OpenZeppelin audits

How It Works

  1. User wires $1 M to issuer’s bank → issuer mints 1 M stablecoins on-chain.
  2. Token trades 1:1 on exchanges; arbitrage bots keep parity.
  3. Redemption portal – send 1 M tokens back → receive $1 M wire (Tether, Circle) or collateral auction (Maker).
  4. Reserve proof – monthly attestations or real-time dashboards show 1:1 backing.
  5. Smart-contract layer – DAI/FRAX mint only when users lock >$1.50 of crypto for each $1 stable.

Benefits

  • Volatility shelter – park profits during crypto drawdowns without off-ramping to banks.
  • 24/7 settlement – remit USD across borders in minutes for < $1 fee.
  • DeFi collateral – 80 % of on-chain loans use stablecoins as margin.
  • High yield – lend on Aave/Compound for 2-8 % APR vs 0.5 % bank savings.
  • FX access – Argentinians, Turks, Nigerians hold USD-stablecoins to escape local inflation.

Risks & Trade-offs

  • Custodial risk – bank freeze or issuer bankruptcy can break 1:1 peg (see BUSD shutdown).
  • Transparency gaps – Tether paid $41 M fine for reserve misstatements; off-shore banks add counter-party risk.
  • Regulatory crackdowns – EU MiCA bans interest-bearing stablecoins unless licensed as e-money.
  • Algorithmic death-spiral – UST lost $40 B in 3 days when LUNA backing collapsed.
  • Smart-contract bugs – DAI survived Black Thursday liquidations only via emergency MKR mint.
  • Sanctions exposure – Circle froze 75 K USDC addresses linked to Tornado Cash.

Final Thoughts

Stablecoins are the bridge between volatile crypto and the stable dollar economy—letting traders hedge, workers remit, and DeFi users collateralise without touching a bank.
The trade-off is trust: fiat-backed coins rely on auditors and banks, while crypto-backed ones rely on over-collateralisation and smart-contract correctness.
Treat them like digital dollars, but keep an eye on reserve attestations, regulatory headlines, and black-list policies before parking life-savings.

Useful / Related Links