Stablecoins

285 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 $ 1.000
$ 186.34B
$ 186.34 billion
+0.00%
2 USDC USDC $ 1.00
$ 73.88B
$ 73.88 billion
+0.05%
3 USDS USDS $ 1.00
$ 10.35B
$ 10.35 billion
+0.06%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.04%
5 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.02%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.58B
$ 4.58 billion
+0.02%
7 Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
-0.00%
8 Global Dollar USDG $ 1.00
$ 2.96B
$ 2.96 billion
+0.03%
9 PayPal USD PYUSD $ 1.00
$ 2.74B
$ 2.74 billion
-0.00%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
+0.06%
11 Falcon USD USDF $ 0.996
$ 2.05B
$ 2.05 billion
+0.18%
12 Ripple USD RLUSD $ 0.999
$ 1.89B
$ 1.89 billion
-0.18%
13 PAX Gold PAXG $ 4,074.91
$ 1.84B
$ 1.84 billion
-0.10%
14 USDD USDD $ 0.999
$ 1.37B
$ 1.37 billion
+0.12%
15 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
-0.01%
16 Gho Token GHO $ 0.999
$ 598.29M
$ 598.29 million
-0.04%
17 Usual USD USD0 $ 0.999
$ 559.28M
$ 559.28 million
-0.01%
18 TrueUSD TUSD $ 0.998
$ 493.39M
$ 493.39 million
-0.08%
19 EURC EURC $ 1.14
$ 428.44M
$ 428.44 million
+0.01%
20 First Digital USD FDUSD $ 0.998
$ 349.56M
$ 349.56 million
-0.01%
21 Legacy Frax Dollar FRAX $ 0.991
$ 237.51M
$ 237.51 million
-0.05%
22 Agora AUSD $ 0.994
$ 172.24M
$ 172.24 million
-0.04%
23 Binance USD BUSD $ 1.00
$ 55.88M
$ 55.88 million
-0.35%
24 Quantoz USDQ USDQ $ 0.982
$ 48.93M
$ 48.93 million
+9.03%
25 XUSD XUSD $ 1.00
$ 48.01M
$ 48.01 million
-0.00%
26 EURITE EURI $ 1.14
$ 47.02M
$ 47.02 million
+0.06%
27 Pax Dollar USDP $ 1.00
$ 45.60M
$ 45.60 million
-0.02%
28 Gemini dollar GUSD $ 1.00
$ 37.73M
$ 37.73 million
-0.01%
29 TerraClassicUSD USTC $ 0.00543
$ 30.27M
$ 30.27 million
-3.65%
30 Tether America USD USAT $ 1.000
$ 19.99M
$ 19.99 million
-0.00%
31 Quantoz EURQ EURQ $ 1.12
$ 15.35M
$ 15.35 million
-0.32%
32 XSGD XSGD $ 0.773
$ 11.82M
$ 11.82 million
+0.00%
33 Worldwide USD WUSD $ 0.997
$ 11.32M
$ 11.32 million
+0.04%
34 Resolv RESOLV $ 0.0204
$ 8.70M
$ 8.70 million
-5.14%
35 USD Base Coin USDBC $ 1.00
$ 6.33M
$ 6.33 million
+0.42%
36 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.09M
$ 5.09 million
-0.01%
37 Reservoir DAM $ 0.00728
$ 2.93M
$ 2.93 million
-3.36%
38 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.37M
$ 2.37 million
+0.10%

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

39 Curve.Fi USD Stablecoin CRVUSD $ 16.65
$ 2.88B
$ 2.88 billion
-1.08%
40 Ethena Labs (USDTb) USDTb $ 1.000
$ 916.63M
$ 916.63 million
-0.02%
41 Curve.fi DAI/USDC/USDT 3CRV $ 4.94
$ 812.90M
$ 812.90 million
+371.91%
42 Resupply USD reUSD $ 9.76
$ 491.13M
$ 491.13 million
+0.95%
43 Mezo USD MUSD $ 5.05
$ 252.27M
$ 252.27 million
+138.16%
44 Liquity USD LUSD $ 4.72
$ 167.17M
$ 167.17 million
+356.66%
45 Origin Dollar OUSD $ 16.99
$ 125.19M
$ 125.19 million
+4.11%
46 USDsui USDsui $ 1.00
$ 75.18M
$ 75.18 million
+0.12%
47 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 64.03M
$ 64.03 million
+0.02%
48 Fidelity Digital Dollar FIDD $ 1.00
$ 59.66M
$ 59.66 million
+0.27%
49 Anchored Coins EUR AEUR $ 1.13
$ 53.63M
$ 53.63 million
+1.21%
50 TerraUSD UST $ 0.00542
$ 53.14M
$ 53.14 million
-3.48%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Quantoz USDQ USDQ $ 0.982
$ 48.93M
$ 48.93 million
+9.03%
USD Base Coin USDBC $ 1.00
$ 6.33M
$ 6.33 million
+0.42%
Falcon USD USDF $ 0.996
$ 2.05B
$ 2.05 billion
+0.18%
USDD USDD $ 0.999
$ 1.37B
$ 1.37 billion
+0.12%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.37M
$ 2.37 million
+0.10%
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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