Stablecoins

225 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 Price Market cap 24h
1 Tether USD USDT $ 1.000
$ 186.25B
$ 186.25 billion
-0.17%
2 USDC USDC $ 1.000
$ 78.12B
$ 78.12 billion
-0.13%
3 USDS USDS $ 0.995
$ 9.83B
$ 9.83 billion
-0.31%
4 Ethena USDe USDE $ 0.999
$ 6.53B
$ 6.53 billion
+0.07%
5 Dai DAI $ 1.00
$ 5.08B
$ 5.08 billion
+0.04%
6 PayPal USD PYUSD $ 1.000
$ 3.87B
$ 3.87 billion
-0.00%
7 World Liberty Financial USD USD1 $ 0.999
$ 2.71B
$ 2.71 billion
-0.18%
8 PAX Gold PAXG $ 4,351.57
$ 1.51B
$ 1.51 billion
+0.67%
9 Global Dollar USDG $ 0.999
$ 1.44B
$ 1.44 billion
-0.23%
10 Ripple USD RLUSD $ 1.00
$ 1.04B
$ 1.04 billion
+0.02%
11 First Digital USD FDUSD $ 0.999
$ 696.34M
$ 696.34 million
-0.17%
12 USDD USDD $ 1.00
$ 517.33M
$ 517.33 million
+0.01%
13 TrueUSD TUSD $ 0.996
$ 492.39M
$ 492.39 million
+0.00%
14 Legacy Frax Dollar FRAX $ 0.994
$ 278.56M
$ 278.56 million
+0.22%
15 EURC EURC $ 1.17
$ 269.51M
$ 269.51 million
-0.30%
16 Agora AUSD $ 1.000
$ 193.42M
$ 193.42 million
-0.45%
17 DOLA DOLA $ 0.998
$ 124.22M
$ 124.22 million
-0.04%
18 sUSD Synthetix SUSD $ 0.928
$ 58.29M
$ 58.29 million
+4.00%
19 Binance USD BUSD $ 1.000
$ 56.19M
$ 56.19 million
+0.22%
20 EURITE EURI $ 1.17
$ 49.81M
$ 49.81 million
-0.37%
21 Pax Dollar USDP $ 1.000
$ 49.54M
$ 49.54 million
+0.01%
22 Gemini dollar GUSD $ 1.00
$ 46.52M
$ 46.52 million
+0.01%
23 BOLD Stablecoin BOLD $ 0.996
$ 42.76M
$ 42.76 million
-0.04%
24 Euro Tether EURT $ 1.04
$ 41.79M
$ 41.79 million
+0.81%
25 TerraClassicUSD USTC $ 0.00718
$ 40.09M
$ 40.09 million
+5.48%
26 Liquity USD LUSD $ 1.00
$ 37.95M
$ 37.95 million
+0.06%
27 Resolv RESOLV $ 0.0729
$ 25.24M
$ 25.24 million
+2.12%
28 XUSD XUSD $ 1.00
$ 19.48M
$ 19.48 million
+0.01%
29 StablR Euro EURR $ 1.17
$ 13.68M
$ 13.68 million
-0.11%
30 Worldwide USD WUSD $ 1.00
$ 12.61M
$ 12.61 million
+0.03%
31 USD Base Coin USDBC $ 1.00
$ 8.67M
$ 8.67 million
-38.76%
32 StablR USD USDR $ 1.00
$ 7.92M
$ 7.92 million
-0.44%
33 Quantoz USDQ USDQ $ 0.999
$ 6.66M
$ 6.66 million
+0.08%
34 Reservoir DAM $ 0.0185
$ 5.70M
$ 5.70 million
-1.00%

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

35 Usual USD USD0 $ 0.998
$ 563.94M
$ 563.94 million
-0.02%
36 Curve.fi DAI/USDC/USDT 3CRV $ 1.05
$ 167.25M
$ 167.25 million
-0.41%
37 Curve.Fi USD Stablecoin CRVUSD $ 1.00
$ 148.62M
$ 148.62 million
+0.35%
38 OpenEden Compounding OpenDollar CUSDO $ 1.03
$ 73.13M
$ 73.13 million
+0.03%
39 TerraUSD UST $ 0.00713
$ 69.90M
$ 69.90 million
+2.70%
40 Anchored Coins EUR AEUR $ 1.14
$ 54.17M
$ 54.17 million
+0.36%
41 Resupply USD reUSD $ 0.989
$ 51.87M
$ 51.87 million
-1.00%
42 Decentralized Social DESO $ 5.53
$ 49.15M
$ 49.15 million
-0.95%
43 Bucket Protocol BUCK Stablecoin BUCK $ 0.998
$ 25.83M
$ 25.83 million
-0.41%
44 Celo Dollar CUSD $ 1.00
$ 16.06M
$ 16.06 million
+0.00%
45 XSGD XSGD $ 0.775
$ 12.90M
$ 12.90 million
-0.03%
46 Rupiah Token IDRT $ 0.0000596
$ 2.80M
$ 2.80 million
+0.43%
47 Vai VAI $ 1.000
$ 2.51M
$ 2.51 million
+0.09%
48 Level USD LVLUSD $ 1.000
$ 1.32M
$ 1.32 million
-0.00%
49 Origin Dollar OUSD $ 0.998
$ 533,246
$ 533,246
-0.03%
50 deUSD DEUSD $ 0.000823
$ 101,120
$ 101,120
-19.26%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
TerraClassicUSD USTC $ 0.00718
$ 40.09M
$ 40.09 million
+5.48%
sUSD Synthetix SUSD $ 0.928
$ 58.29M
$ 58.29 million
+4.00%
Resolv RESOLV $ 0.0729
$ 25.24M
$ 25.24 million
+2.12%
Euro Tether EURT $ 1.04
$ 41.79M
$ 41.79 million
+0.81%
PAX Gold PAXG $ 4,351.57
$ 1.51B
$ 1.51 billion
+0.67%
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.

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