Stablecoins

314 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
$ 183.21B
$ 183.21 billion
-0.03%
2 USDC USDC $ 1.00
$ 72.22B
$ 72.22 billion
+0.02%
3 USDS USDS $ 1.00
$ 9.86B
$ 9.86 billion
+0.03%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.18B
$ 9.18 billion
+0.03%
5 Dai DAI $ 0.999
$ 5.24B
$ 5.24 billion
-0.05%
6 World Liberty Financial USD USD1 $ 1.000
$ 3.99B
$ 3.99 billion
-0.01%
7 Ethena USDe USDE $ 1.00
$ 3.92B
$ 3.92 billion
+0.03%
8 Ethena Staked USDe sUSDe $ 1.24
$ 3.88B
$ 3.88 billion
-0.42%
9 Global Dollar USDG $ 1.00
$ 3.48B
$ 3.48 billion
-0.11%
10 PayPal USD PYUSD $ 1.000
$ 2.78B
$ 2.78 billion
-0.06%
11 Ondo US Dollar Yield USDY $ 1.14
$ 2.14B
$ 2.14 billion
-0.37%
12 Ripple USD RLUSD $ 1.00
$ 1.93B
$ 1.93 billion
+0.05%
13 PAX Gold PAXG $ 4,346.40
$ 1.90B
$ 1.90 billion
+0.00%
14 USDD USDD $ 1.00
$ 1.59B
$ 1.59 billion
-0.00%
15 Falcon USD USDF $ 0.995
$ 1.25B
$ 1.25 billion
+0.04%
16 United Stables U $ 1.000
$ 1.21B
$ 1.21 billion
-0.00%
17 Gho Token GHO $ 0.999
$ 698.11M
$ 698.11 million
+0.05%
18 TrueUSD TUSD $ 0.996
$ 492.50M
$ 492.50 million
-0.02%
19 EURC EURC $ 1.15
$ 452.19M
$ 452.19 million
-0.08%
20 First Digital USD FDUSD $ 1.00
$ 351.04M
$ 351.04 million
-0.01%
21 Legacy Frax Dollar FRAX $ 0.989
$ 216.98M
$ 216.98 million
-0.38%
22 Curve.Fi USD Stablecoin CRVUSD $ 0.996
$ 212.62M
$ 212.62 million
+0.90%
23 Agora AUSD $ 1.00
$ 210.97M
$ 210.97 million
+0.18%
24 Tether America USD USAT $ 0.999
$ 185.36M
$ 185.36 million
+0.04%
25 XUSD XUSD $ 1.000
$ 45.17M
$ 45.17 million
-0.09%
26 Binance USD BUSD $ 1.00
$ 37.86M
$ 37.86 million
+0.49%
27 EURITE EURI $ 1.16
$ 36.90M
$ 36.90 million
+0.01%
28 Gemini dollar GUSD $ 1.00
$ 30.51M
$ 30.51 million
+0.02%
29 Pax Dollar USDP $ 1.00
$ 29.67M
$ 29.67 million
+0.00%
30 Liquity USD LUSD $ 1.00
$ 28.12M
$ 28.12 million
+0.43%
31 TerraClassicUSD USTC $ 0.00501
$ 27.93M
$ 27.93 million
+1.26%
32 FUSD FUSD $ 1.000
$ 11.60M
$ 11.60 million
+0.01%
33 Resolv RESOLV $ 0.0185
$ 8.48M
$ 8.48 million
+2.52%
34 USD Base Coin USDBC $ 1.02
$ 5.85M
$ 5.85 million
+2.07%
35 Quantoz USDQ USDQ $ 0.988
$ 5.67M
$ 5.67 million
+0.11%
36 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.52M
$ 5.52 million
+0.06%
37 Quantoz EURQ EURQ $ 1.13
$ 5.22M
$ 5.22 million
+0.13%
38 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.35M
$ 2.35 million
+0.04%

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

39 Usual USD USD0 $ 0.999
$ 553.96M
$ 553.96 million
-0.00%
40 USD0 Liquid Bond bUSD0 $ 0.963
$ 490.01M
$ 490.01 million
-0.13%
41 Ethena Labs (USDTb) USDTb $ 1.00
$ 352.62M
$ 352.62 million
+0.01%
42 EUR CoinVertible EURCV $ 1.16
$ 159.90M
$ 159.90 million
+0.18%
43 Curve.fi DAI/USDC/USDT 3CRV $ 1.03
$ 158.66M
$ 158.66 million
+0.03%
44 TerraUSD UST $ 0.0158
$ 154.62M
$ 154.62 million
-32.27%
45 GUSD GUSD $ 0.999
$ 149.34M
$ 149.34 million
-0.07%
46 Lista USD lisUSD $ 0.998
$ 67.15M
$ 67.15 million
-0.02%
47 USDsui USDsui $ 0.998
$ 66.75M
$ 66.75 million
-0.02%
48 f(x) USD fxUSD $ 0.996
$ 63.85M
$ 63.85 million
-0.13%
49 Mezo USD MUSD $ 0.992
$ 49.61M
$ 49.61 million
+0.01%
50 Resupply USD reUSD $ 1.00
$ 36.32M
$ 36.32 million
+1.20%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0185
$ 8.48M
$ 8.48 million
+2.52%
USD Base Coin USDBC $ 1.02
$ 5.85M
$ 5.85 million
+2.07%
TerraClassicUSD USTC $ 0.00501
$ 27.93M
$ 27.93 million
+1.26%
Curve.Fi USD Stablecoin CRVUSD $ 0.996
$ 212.62M
$ 212.62 million
+0.90%
Binance USD BUSD $ 1.00
$ 37.86M
$ 37.86 million
+0.49%
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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