Stablecoins

271 coins #11

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 $ 1.000
$ 188.45B
$ 188.45 billion
+0.08%
2 USDC USDC $ 1.00
$ 75.94B
$ 75.94 billion
+0.01%
3 USDS USDS $ 0.998
$ 11.05B
$ 11.05 billion
-0.07%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.00B
$ 9.00 billion
+0.28%
5 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.36%
6 World Liberty Financial USD USD1 $ 0.997
$ 4.54B
$ 4.54 billion
-0.27%
7 Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
-0.02%
8 PayPal USD PYUSD $ 1.00
$ 3.02B
$ 3.02 billion
+0.10%
9 Global Dollar USDG $ 1.00
$ 2.64B
$ 2.64 billion
-0.00%
10 PAX Gold PAXG $ 4,526.53
$ 2.11B
$ 2.11 billion
-0.65%
11 Ripple USD RLUSD $ 1.00
$ 1.70B
$ 1.70 billion
+0.07%
12 USDD USDD $ 1.00
$ 1.52B
$ 1.52 billion
-0.05%
13 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
+0.00%
14 TrueUSD TUSD $ 0.999
$ 494.04M
$ 494.04 million
+0.04%
15 EURC EURC $ 1.17
$ 430.49M
$ 430.49 million
-0.11%
16 First Digital USD FDUSD $ 0.999
$ 354.43M
$ 354.43 million
+0.02%
17 Legacy Frax Dollar FRAX $ 0.994
$ 274.32M
$ 274.32 million
+0.09%
18 Agora AUSD $ 0.999
$ 131.52M
$ 131.52 million
-0.01%
19 Binance USD BUSD $ 1.00
$ 55.96M
$ 55.96 million
+0.19%
20 EURITE EURI $ 1.17
$ 48.19M
$ 48.19 million
-0.09%
21 XUSD XUSD $ 1.00
$ 48.01M
$ 48.01 million
-0.01%
22 Pax Dollar USDP $ 1.00
$ 45.59M
$ 45.59 million
-0.00%
23 Gemini dollar GUSD $ 1.00
$ 37.71M
$ 37.71 million
-0.06%
24 TerraClassicUSD USTC $ 0.00652
$ 36.42M
$ 36.42 million
-0.82%
25 BOLD Stablecoin BOLD $ 1.00
$ 33.45M
$ 33.45 million
-0.01%
26 Tether America USD USAT $ 0.999
$ 19.99M
$ 19.99 million
-0.02%
27 XSGD XSGD $ 0.783
$ 14.89M
$ 14.89 million
-0.15%
28 Resolv RESOLV $ 0.0226
$ 8.95M
$ 8.95 million
+4.20%
29 Worldwide USD WUSD $ 0.998
$ 7.45M
$ 7.45 million
+0.02%
30 USD Base Coin USDBC $ 1.02
$ 7.33M
$ 7.33 million
-0.35%
31 Quantoz USDQ USDQ $ 0.994
$ 5.78M
$ 5.78 million
-0.47%
32 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.08M
$ 5.08 million
-0.19%
33 Reservoir DAM $ 0.0116
$ 4.58M
$ 4.58 million
-5.60%

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

34 Curve.Fi USD Stablecoin CRVUSD $ 2.70
$ 625.67M
$ 625.67 million
+1.76%
35 Usual USD USD0 $ 0.999
$ 560.67M
$ 560.67 million
-0.05%
36 Curve.fi DAI/USDC/USDT 3CRV $ 2.58
$ 417.25M
$ 417.25 million
+1.99%
37 Mezo USD MUSD $ 2.74
$ 136.75M
$ 136.75 million
+1.07%
38 Resupply USD reUSD $ 2.69
$ 135.53M
$ 135.53 million
-0.24%
39 sUSD Synthetix SUSD $ 1.86
$ 98.87M
$ 98.87 million
-1.71%
40 Liquity USD LUSD $ 2.52
$ 89.22M
$ 89.22 million
+1.56%
41 USDsui USDsui $ 0.999
$ 75.05M
$ 75.05 million
-0.32%
42 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.85M
$ 63.85 million
+0.09%
43 TerraUSD UST $ 0.00651
$ 63.71M
$ 63.71 million
-2.86%
44 Fidelity Digital Dollar FIDD $ 1.000
$ 59.57M
$ 59.57 million
+0.00%
45 Anchored Coins EUR AEUR $ 1.15
$ 54.54M
$ 54.54 million
-0.18%
46 Decentralized Social DESO $ 3.88
$ 34.49M
$ 34.49 million
+0.12%
47 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 26.00M
$ 26.00 million
+0.01%
48 StablR USD USDR $ 0.961
$ 20.45M
$ 20.45 million
+12.57%
49 Celo Dollar CUSD $ 1.00
$ 16.05M
$ 16.05 million
-8.87%
50 Origin Dollar OUSD $ 2.72
$ 14.04M
$ 14.04 million
+0.80%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0226
$ 8.95M
$ 8.95 million
+4.20%
Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.36%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.00B
$ 9.00 billion
+0.28%
Binance USD BUSD $ 1.00
$ 55.96M
$ 55.96 million
+0.19%
PayPal USD PYUSD $ 1.00
$ 3.02B
$ 3.02 billion
+0.10%
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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