Stablecoins

225 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
$ 186.33B
$ 186.33 billion
-0.03%
2 USDC USDC $ 1.00
$ 78.31B
$ 78.31 billion
+0.01%
3 USDS USDS $ 0.996
$ 9.85B
$ 9.85 billion
-0.67%
4 Ethena USDe USDE $ 0.999
$ 6.53B
$ 6.53 billion
-0.02%
5 Dai DAI $ 1.00
$ 5.08B
$ 5.08 billion
+0.01%
6 PayPal USD PYUSD $ 0.999
$ 3.87B
$ 3.87 billion
-0.00%
7 World Liberty Financial USD USD1 $ 0.999
$ 2.73B
$ 2.73 billion
-0.03%
8 PAX Gold PAXG $ 4,324.43
$ 1.50B
$ 1.50 billion
+0.15%
9 Global Dollar USDG $ 1.00
$ 1.44B
$ 1.44 billion
+0.18%
10 Ripple USD RLUSD $ 1.000
$ 1.04B
$ 1.04 billion
-0.01%
11 First Digital USD FDUSD $ 0.999
$ 696.27M
$ 696.27 million
+0.00%
12 USDD USDD $ 1.000
$ 517.19M
$ 517.19 million
-0.01%
13 TrueUSD TUSD $ 0.995
$ 492.02M
$ 492.02 million
-0.01%
14 Legacy Frax Dollar FRAX $ 0.993
$ 281.65M
$ 281.65 million
-0.01%
15 EURC EURC $ 1.17
$ 270.22M
$ 270.22 million
+0.04%
16 Agora AUSD $ 1.000
$ 193.38M
$ 193.38 million
-0.08%
17 DOLA DOLA $ 0.997
$ 124.12M
$ 124.12 million
-0.06%
18 sUSD Synthetix SUSD $ 0.936
$ 58.79M
$ 58.79 million
+3.09%
19 Binance USD BUSD $ 0.998
$ 56.09M
$ 56.09 million
+0.17%
20 EURITE EURI $ 1.17
$ 49.90M
$ 49.90 million
-0.05%
21 Pax Dollar USDP $ 1.000
$ 49.53M
$ 49.53 million
+0.03%
22 Gemini dollar GUSD $ 1.000
$ 45.69M
$ 45.69 million
-0.01%
23 TerraClassicUSD USTC $ 0.00775
$ 43.76M
$ 43.76 million
+19.13%
24 BOLD Stablecoin BOLD $ 0.996
$ 42.89M
$ 42.89 million
-0.06%
25 Euro Tether EURT $ 1.06
$ 42.20M
$ 42.20 million
+4.26%
26 Liquity USD LUSD $ 1.000
$ 37.92M
$ 37.92 million
-0.04%
27 Resolv RESOLV $ 0.0696
$ 23.64M
$ 23.64 million
-5.35%
28 XUSD XUSD $ 1.00
$ 19.48M
$ 19.48 million
+0.01%
29 StablR Euro EURR $ 1.17
$ 13.71M
$ 13.71 million
+0.01%
30 Worldwide USD WUSD $ 1.000
$ 12.61M
$ 12.61 million
+0.02%
31 USD Base Coin USDBC $ 1.00
$ 8.68M
$ 8.68 million
-50.88%
32 StablR USD USDR $ 1.00
$ 7.93M
$ 7.93 million
-0.14%
33 Quantoz USDQ USDQ $ 0.999
$ 6.66M
$ 6.66 million
+0.09%
34 Reservoir DAM $ 0.0186
$ 5.72M
$ 5.72 million
+1.53%

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

35 Usual USD USD0 $ 0.998
$ 564.03M
$ 564.03 million
-0.05%
36 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 165.63M
$ 165.63 million
-0.15%
37 Curve.Fi USD Stablecoin CRVUSD $ 1.00
$ 148.17M
$ 148.17 million
+0.05%
38 TerraUSD UST $ 0.00769
$ 75.50M
$ 75.50 million
+14.72%
39 OpenEden Compounding OpenDollar CUSDO $ 1.03
$ 73.37M
$ 73.37 million
-0.01%
40 Anchored Coins EUR AEUR $ 1.14
$ 54.10M
$ 54.10 million
+0.49%
41 Resupply USD reUSD $ 0.990
$ 51.83M
$ 51.83 million
-0.47%
42 Decentralized Social DESO $ 5.54
$ 49.23M
$ 49.23 million
-1.26%
43 Bucket Protocol BUCK Stablecoin BUCK $ 1.000
$ 25.88M
$ 25.88 million
-0.08%
44 Celo Dollar CUSD $ 1.00
$ 15.66M
$ 15.66 million
-0.01%
45 XSGD XSGD $ 0.776
$ 12.91M
$ 12.91 million
+0.04%
46 Vai VAI $ 1.000
$ 2.64M
$ 2.64 million
-0.02%
47 Level USD LVLUSD $ 1.000
$ 1.32M
$ 1.32 million
+0.00%
48 Origin Dollar OUSD $ 0.998
$ 533,072
$ 533,072
-0.11%
49 deUSD DEUSD $ 0.000832
$ 102,292
$ 102,292
-18.48%
50 Rupiah Token IDRT $ --
$ --
$ --
--%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
TerraClassicUSD USTC $ 0.00775
$ 43.76M
$ 43.76 million
+19.13%
Euro Tether EURT $ 1.06
$ 42.20M
$ 42.20 million
+4.26%
sUSD Synthetix SUSD $ 0.936
$ 58.79M
$ 58.79 million
+3.09%
Reservoir DAM $ 0.0186
$ 5.72M
$ 5.72 million
+1.53%
Global Dollar USDG $ 1.00
$ 1.44B
$ 1.44 billion
+0.18%
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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