Stablecoins

223 coins #13

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 $ 1.00
$ 186.92B
$ 186.92 billion
+0.07%
2 USDC USDC $ 1.00
$ 75.63B
$ 75.63 billion
+0.04%
3 USDS USDS $ 1.00
$ 9.71B
$ 9.71 billion
+1.02%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
+0.10%
5 Ethena USDe USDE $ 1.00
$ 6.47B
$ 6.47 billion
+0.02%
6 Dai DAI $ 1.00
$ 5.17B
$ 5.17 billion
+0.01%
7 PayPal USD PYUSD $ 1.00
$ 3.67B
$ 3.67 billion
+0.03%
8 World Liberty Financial USD USD1 $ 0.999
$ 3.43B
$ 3.43 billion
-0.02%
9 PAX Gold PAXG $ 4,569.43
$ 1.75B
$ 1.75 billion
-1.07%
10 Global Dollar USDG $ 1.00
$ 1.54B
$ 1.54 billion
+0.03%
11 Ripple USD RLUSD $ 1.000
$ 1.38B
$ 1.38 billion
-0.13%
12 USDD USDD $ 0.999
$ 959.54M
$ 959.54 million
+0.03%
13 Usual USD USD0 $ 0.999
$ 595.14M
$ 595.14 million
-0.02%
14 United Stables U $ 1.00
$ 575.30M
$ 575.30 million
+0.03%
15 First Digital USD FDUSD $ 1.00
$ 506.79M
$ 506.79 million
+0.06%
16 TrueUSD TUSD $ 0.999
$ 494.09M
$ 494.09 million
-0.02%
17 EURC EURC $ 1.16
$ 355.52M
$ 355.52 million
-0.04%
18 Legacy Frax Dollar FRAX $ 0.993
$ 274.19M
$ 274.19 million
-2.23%
19 Agora AUSD $ 0.999
$ 178.55M
$ 178.55 million
-0.19%
20 Curve.Fi USD Stablecoin CRVUSD $ 0.992
$ 146.77M
$ 146.77 million
-0.34%
21 DOLA DOLA $ 1.00
$ 136.39M
$ 136.39 million
+0.39%
22 Binance USD BUSD $ 1.01
$ 56.21M
$ 56.21 million
+0.73%
23 EURITE EURI $ 1.16
$ 47.87M
$ 47.87 million
-0.02%
24 Gemini dollar GUSD $ 1.00
$ 47.10M
$ 47.10 million
-0.20%
25 Pax Dollar USDP $ 1.00
$ 45.57M
$ 45.57 million
-0.00%
26 TerraClassicUSD USTC $ 0.00694
$ 38.74M
$ 38.74 million
-0.13%
27 Resolv RESOLV $ 0.0786
$ 27.72M
$ 27.72 million
+1.38%
28 XUSD XUSD $ 1.00
$ 18.48M
$ 18.48 million
+0.01%
29 Worldwide USD WUSD $ 1.00
$ 15.71M
$ 15.71 million
-0.00%
30 StablR Euro EURR $ 1.17
$ 13.86M
$ 13.86 million
+0.05%
31 XSGD XSGD $ 0.777
$ 12.73M
$ 12.73 million
+0.02%
32 Reservoir DAM $ 0.0274
$ 8.43M
$ 8.43 million
-4.64%
33 USD Base Coin USDBC $ 0.999
$ 8.05M
$ 8.05 million
-1.09%
34 StablR USD USDR $ 0.998
$ 6.83M
$ 6.83 million
+0.10%
35 Quantoz USDQ USDQ $ 1.00
$ 6.16M
$ 6.16 million
+0.00%

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

36 Curve.fi DAI/USDC/USDT 3CRV $ 1.13
$ 181.10M
$ 181.10 million
+10.10%
37 TerraUSD UST $ 0.00684
$ 67.12M
$ 67.12 million
-0.99%
38 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.17M
$ 63.17 million
+0.01%
39 Anchored Coins EUR AEUR $ 1.15
$ 54.62M
$ 54.62 million
-0.18%
40 Decentralized Social DESO $ 5.96
$ 52.99M
$ 52.99 million
-0.99%
41 sUSD Synthetix SUSD $ 0.836
$ 52.48M
$ 52.48 million
+1.66%
42 Resupply USD reUSD $ 0.991
$ 50.34M
$ 50.34 million
+0.21%
43 BOLD Stablecoin BOLD $ 1.000
$ 39.37M
$ 39.37 million
+0.03%
44 Liquity USD LUSD $ 1.00
$ 35.81M
$ 35.81 million
-0.36%
45 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.97M
$ 25.97 million
+0.25%
46 Euro Tether EURT $ 0.571
$ 22.84M
$ 22.84 million
+9.78%
47 Celo Dollar CUSD $ 0.999
$ 15.19M
$ 15.19 million
+0.00%
48 Origin Dollar OUSD $ 1.00
$ 8.87M
$ 8.87 million
+0.59%
49 BiLira TRYB $ 0.0232
$ 3.92M
$ 3.92 million
-0.41%
50 Fei Protocol FEI $ 0.981
$ 3.33M
$ 3.33 million
+1.23%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
Resolv RESOLV $ 0.0786
$ 27.72M
$ 27.72 million
+1.38%
USDS USDS $ 1.00
$ 9.71B
$ 9.71 billion
+1.02%
Binance USD BUSD $ 1.01
$ 56.21M
$ 56.21 million
+0.73%
DOLA DOLA $ 1.00
$ 136.39M
$ 136.39 million
+0.39%
Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 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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