Stablecoins

311 coins #12

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

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# Coins Live Price Market cap 24h
1 Tether USD USDT $ 1.00
$ 184.15B
$ 184.15 billion
+0.02%
2 USDC USDC $ 1.00
$ 72.62B
$ 72.62 billion
+0.01%
3 USDS USDS $ 1.00
$ 9.85B
$ 9.85 billion
+0.02%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.49B
$ 9.49 billion
-0.20%
5 Dai DAI $ 1.00
$ 5.32B
$ 5.32 billion
+0.09%
6 World Liberty Financial USD USD1 $ 1.000
$ 4.12B
$ 4.12 billion
+0.00%
7 Ethena USDe USDE $ 1.00
$ 3.99B
$ 3.99 billion
+0.03%
8 Ethena Staked USDe sUSDe $ 1.24
$ 3.87B
$ 3.87 billion
-1.06%
9 Global Dollar USDG $ 1.000
$ 3.28B
$ 3.28 billion
-0.13%
10 PayPal USD PYUSD $ 1.00
$ 2.90B
$ 2.90 billion
+0.01%
11 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
-0.17%
12 Ripple USD RLUSD $ 1.00
$ 1.98B
$ 1.98 billion
-0.01%
13 PAX Gold PAXG $ 4,055.47
$ 1.80B
$ 1.80 billion
+0.08%
14 USDD USDD $ 1.00
$ 1.52B
$ 1.52 billion
+0.00%
15 Falcon USD USDF $ 0.999
$ 1.26B
$ 1.26 billion
+0.22%
16 United Stables U $ 1.00
$ 1.07B
$ 1.07 billion
+0.03%
17 Usual USD USD0 $ 0.998
$ 556.00M
$ 556.00 million
-0.19%
18 TrueUSD TUSD $ 0.996
$ 492.61M
$ 492.61 million
-0.07%
19 EURC EURC $ 1.14
$ 428.03M
$ 428.03 million
-0.03%
20 First Digital USD FDUSD $ 1.00
$ 346.46M
$ 346.46 million
+0.00%
21 Agora AUSD $ 1.00
$ 208.12M
$ 208.12 million
-0.22%
22 Curve.Fi USD Stablecoin CRVUSD $ 0.980
$ 206.20M
$ 206.20 million
-1.53%
23 Tether America USD USAT $ 1.000
$ 185.42M
$ 185.42 million
+0.02%
24 XUSD XUSD $ 1.00
$ 45.18M
$ 45.18 million
+0.01%
25 Binance USD BUSD $ 1.00
$ 37.38M
$ 37.38 million
-1.18%
26 EURITE EURI $ 1.14
$ 37.24M
$ 37.24 million
-0.07%
27 Pax Dollar USDP $ 1.00
$ 29.65M
$ 29.65 million
+0.00%
28 Gemini dollar GUSD $ 1.00
$ 29.52M
$ 29.52 million
+0.01%
29 TerraClassicUSD USTC $ 0.00528
$ 29.45M
$ 29.45 million
+2.06%
30 Worldwide USD WUSD $ 0.996
$ 13.34M
$ 13.34 million
+0.26%
31 XSGD XSGD $ 0.773
$ 12.01M
$ 12.01 million
-0.10%
32 FUSD FUSD $ 0.999
$ 11.39M
$ 11.39 million
-0.01%
33 Resolv RESOLV $ 0.0188
$ 8.05M
$ 8.05 million
+1.48%
34 Quantoz USDQ USDQ $ 0.987
$ 5.66M
$ 5.66 million
+0.03%
35 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.51M
$ 5.51 million
+0.13%
36 Quantoz EURQ EURQ $ 1.13
$ 5.23M
$ 5.23 million
+0.01%
37 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.41M
$ 2.41 million
-0.07%
38 Reservoir DAM $ 0.00584
$ 2.36M
$ 2.36 million
+78.01%

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

39 Gho Token GHO $ 1.00
$ 649.72M
$ 649.72 million
+0.13%
40 Ethena Labs (USDTb) USDTb $ 1.00
$ 356.96M
$ 356.96 million
+0.01%
41 Legacy Frax Dollar FRAX $ 0.994
$ 238.14M
$ 238.14 million
+0.08%
42 TerraUSD UST $ 0.0212
$ 208.14M
$ 208.14 million
-54.22%
43 Curve.fi DAI/USDC/USDT 3CRV $ 1.03
$ 158.84M
$ 158.84 million
-1.70%
44 Alchemix USD ALUSD $ 0.942
$ 158.62M
$ 158.62 million
-94.04%
45 STASIS EURO EURS $ 1.21
$ 150.62M
$ 150.62 million
-0.04%
46 Lista USD lisUSD $ 0.999
$ 67.20M
$ 67.20 million
-0.01%
47 USDsui USDsui $ 1.00
$ 66.93M
$ 66.93 million
-0.01%
48 f(x) USD fxUSD $ 0.993
$ 63.66M
$ 63.66 million
+0.07%
49 Anchored Coins EUR AEUR $ 1.14
$ 53.94M
$ 53.94 million
-0.13%
50 Fidelity Digital Dollar FIDD $ 1.00
$ 48.61M
$ 48.61 million
-0.00%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Reservoir DAM $ 0.00584
$ 2.36M
$ 2.36 million
+78.01%
TerraClassicUSD USTC $ 0.00528
$ 29.45M
$ 29.45 million
+2.06%
Resolv RESOLV $ 0.0188
$ 8.05M
$ 8.05 million
+1.48%
Worldwide USD WUSD $ 0.996
$ 13.34M
$ 13.34 million
+0.26%
Falcon USD USDF $ 0.999
$ 1.26B
$ 1.26 billion
+0.22%
All Gainers

Market Cap

$ -- --%
Pro Chart

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.

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