Stablecoins

224 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
$ 185.77B
$ 185.77 billion
-0.00%
2 USDC USDC $ 1.00
$ 70.44B
$ 70.44 billion
+0.00%
3 USDS USDS $ 0.985
$ 9.20B
$ 9.20 billion
-1.33%
4 Ethena USDe USDE $ 1.000
$ 6.47B
$ 6.47 billion
+0.03%
5 Dai DAI $ 1.000
$ 5.14B
$ 5.14 billion
-0.13%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.92B
$ 4.92 billion
-0.01%
7 PayPal USD PYUSD $ 1.000
$ 3.75B
$ 3.75 billion
+0.01%
8 PAX Gold PAXG $ 5,039.82
$ 1.93B
$ 1.93 billion
-5.27%
9 Global Dollar USDG $ 1.00
$ 1.58B
$ 1.58 billion
-0.00%
10 Ripple USD RLUSD $ 1.00
$ 1.40B
$ 1.40 billion
-0.10%
11 USDD USDD $ 1.000
$ 1.12B
$ 1.12 billion
+0.02%
12 United Stables U $ 1.000
$ 734.74M
$ 734.74 million
-0.03%
13 First Digital USD FDUSD $ 0.999
$ 503.95M
$ 503.95 million
+0.01%
14 TrueUSD TUSD $ 0.998
$ 493.59M
$ 493.59 million
+0.04%
15 EURC EURC $ 1.19
$ 364.41M
$ 364.41 million
-0.70%
16 Legacy Frax Dollar FRAX $ 0.993
$ 274.33M
$ 274.33 million
+0.08%
17 Agora AUSD $ 1.00
$ 162.16M
$ 162.16 million
+0.29%
18 Curve.Fi USD Stablecoin CRVUSD $ 0.967
$ 143.30M
$ 143.30 million
+0.78%
19 EURITE EURI $ 1.19
$ 49.03M
$ 49.03 million
-0.53%
20 Gemini dollar GUSD $ 1.00
$ 47.09M
$ 47.09 million
-0.14%
21 Pax Dollar USDP $ 1.00
$ 45.59M
$ 45.59 million
-0.00%
22 sUSD Synthetix SUSD $ 0.734
$ 38.51M
$ 38.51 million
-1.50%
23 TerraClassicUSD USTC $ 0.00610
$ 34.08M
$ 34.08 million
+2.91%
24 Resolv RESOLV $ 0.0802
$ 28.49M
$ 28.49 million
-6.88%
25 XUSD XUSD $ 0.998
$ 25.23M
$ 25.23 million
-0.27%
26 Tether America USD USAT $ 1.00
$ 20.03M
$ 20.03 million
+0.03%
27 StablR Euro EURR $ 1.18
$ 13.27M
$ 13.27 million
-0.27%
28 Worldwide USD WUSD $ 1.00
$ 11.35M
$ 11.35 million
-0.01%
29 StablR USD USDR $ 0.999
$ 6.83M
$ 6.83 million
+0.03%
30 Reservoir DAM $ 0.0197
$ 6.72M
$ 6.72 million
+3.86%
31 Quantoz USDQ USDQ $ 1.00
$ 6.17M
$ 6.17 million
-0.00%

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

32 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
-0.18%
33 Usual USD USD0 $ 1.00
$ 597.01M
$ 597.01 million
+0.84%
34 Curve.fi DAI/USDC/USDT 3CRV $ 1.06
$ 169.60M
$ 169.60 million
+0.77%
35 DOLA DOLA $ 0.994
$ 133.50M
$ 133.50 million
-0.15%
36 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.25M
$ 63.25 million
+0.01%
37 TerraUSD UST $ 0.00621
$ 60.94M
$ 60.94 million
+5.44%
38 Decentralized Social DESO $ 6.70
$ 59.55M
$ 59.55 million
-0.77%
39 Anchored Coins EUR AEUR $ 1.21
$ 57.19M
$ 57.19 million
+1.39%
40 Binance USD BUSD $ 0.981
$ 54.78M
$ 54.78 million
-3.98%
41 Resupply USD reUSD $ 0.987
$ 49.65M
$ 49.65 million
-0.08%
42 BOLD Stablecoin BOLD $ 0.999
$ 39.02M
$ 39.02 million
-0.07%
43 Liquity USD LUSD $ 1.000
$ 35.69M
$ 35.69 million
+0.13%
44 Bucket Protocol BUCK Stablecoin BUCK $ 0.998
$ 25.89M
$ 25.89 million
-0.11%
45 Euro Tether EURT $ 0.466
$ 18.66M
$ 18.66 million
-33.24%
46 Celo Dollar CUSD $ 1.00
$ 15.51M
$ 15.51 million
+0.22%
47 XSGD XSGD $ 0.789
$ 13.87M
$ 13.87 million
-0.13%
48 Origin Dollar OUSD $ 1.00
$ 8.64M
$ 8.64 million
+0.41%
49 USD Base Coin USDBC $ 1.00
$ 7.66M
$ 7.66 million
+0.14%
50 Fei Protocol FEI $ 0.983
$ 3.35M
$ 3.35 million
+0.00%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
Reservoir DAM $ 0.0197
$ 6.72M
$ 6.72 million
+3.86%
TerraClassicUSD USTC $ 0.00610
$ 34.08M
$ 34.08 million
+2.91%
Curve.Fi USD Stablecoin CRVUSD $ 0.967
$ 143.30M
$ 143.30 million
+0.78%
Agora AUSD $ 1.00
$ 162.16M
$ 162.16 million
+0.29%
Legacy Frax Dollar FRAX $ 0.993
$ 274.33M
$ 274.33 million
+0.08%
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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