Stablecoins

257 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 Price Market cap 24h
1 Tether USD USDT $ 1.00
$ 185.83B
$ 185.83 billion
+0.05%
2 USDC USDC $ 1.000
$ 78.65B
$ 78.65 billion
+0.03%
3 USDS USDS $ 0.999
$ 11.36B
$ 11.36 billion
-0.24%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.10%
5 Ethena USDe USDE $ 1.000
$ 6.15B
$ 6.15 billion
-0.03%
6 Dai DAI $ 0.998
$ 5.13B
$ 5.13 billion
+0.04%
7 World Liberty Financial USD USD1 $ 1.00
$ 4.31B
$ 4.31 billion
+0.12%
8 PayPal USD PYUSD $ 1.00
$ 4.01B
$ 4.01 billion
+0.17%
9 PAX Gold PAXG $ 4,804.71
$ 2.37B
$ 2.37 billion
-0.23%
10 Global Dollar USDG $ 1.000
$ 2.21B
$ 2.21 billion
+0.01%
11 USDD USDD $ 1.000
$ 1.53B
$ 1.53 billion
+0.01%
12 Ripple USD RLUSD $ 1.000
$ 1.43B
$ 1.43 billion
-0.03%
13 United Stables U $ 1.00
$ 995.48M
$ 995.48 million
+0.06%
14 TrueUSD TUSD $ 0.999
$ 494.05M
$ 494.05 million
-0.04%
15 EURC EURC $ 1.18
$ 417.78M
$ 417.78 million
-0.06%
16 First Digital USD FDUSD $ 1.000
$ 398.91M
$ 398.91 million
+0.04%
17 Agora AUSD $ 1.00
$ 150.51M
$ 150.51 million
+0.30%
18 Binance USD BUSD $ 0.998
$ 55.71M
$ 55.71 million
-0.21%
19 Mezo USD MUSD $ 1.02
$ 50.99M
$ 50.99 million
+0.80%
20 EURITE EURI $ 1.18
$ 48.72M
$ 48.72 million
-0.08%
21 XUSD XUSD $ 1.000
$ 47.94M
$ 47.94 million
+0.02%
22 Pax Dollar USDP $ 1.000
$ 45.55M
$ 45.55 million
+0.03%
23 Gemini dollar GUSD $ 1.00
$ 35.71M
$ 35.71 million
+0.05%
24 TerraClassicUSD USTC $ 0.00529
$ 29.50M
$ 29.50 million
+4.39%
25 Tether America USD USAT $ 0.999
$ 19.99M
$ 19.99 million
-0.09%
26 XSGD XSGD $ 0.787
$ 16.79M
$ 16.79 million
+0.02%
27 Reservoir DAM $ 0.0478
$ 16.56M
$ 16.56 million
-4.99%
28 Resolv RESOLV $ 0.0346
$ 13.05M
$ 13.05 million
+0.50%
29 StablR Euro EURR $ 1.15
$ 12.96M
$ 12.96 million
-0.55%
30 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
+0.00%
31 USD Base Coin USDBC $ 1.00
$ 7.10M
$ 7.10 million
-0.33%
32 StablR USD USDR $ 0.999
$ 6.01M
$ 6.01 million
-0.04%
33 Quantoz USDQ USDQ $ 0.999
$ 6.01M
$ 6.01 million
-0.01%

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

34 Legacy Frax Dollar FRAX $ 2.63
$ 726.94M
$ 726.94 million
-0.26%
35 Curve.Fi USD Stablecoin CRVUSD $ 2.61
$ 660.74M
$ 660.74 million
-1.16%
36 Usual USD USD0 $ 0.999
$ 565.68M
$ 565.68 million
+0.10%
37 Curve.fi DAI/USDC/USDT 3CRV $ 2.69
$ 432.16M
$ 432.16 million
+0.43%
38 Resupply USD reUSD $ 2.24
$ 112.56M
$ 112.56 million
-4.27%
39 sUSD Synthetix SUSD $ 1.81
$ 96.06M
$ 96.06 million
+2.64%
40 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.58M
$ 63.58 million
+0.03%
41 Anchored Coins EUR AEUR $ 1.16
$ 55.08M
$ 55.08 million
+0.04%
42 TerraUSD UST $ 0.00522
$ 51.20M
$ 51.20 million
+1.62%
43 Decentralized Social DESO $ 4.94
$ 43.90M
$ 43.90 million
+0.09%
44 Liquity USD LUSD $ 1.00
$ 35.47M
$ 35.47 million
+0.03%
45 BOLD Stablecoin BOLD $ 1.00
$ 32.28M
$ 32.28 million
-0.02%
46 Bucket Protocol BUCK Stablecoin BUCK $ 1.000
$ 26.12M
$ 26.12 million
+0.04%
47 Celo Dollar CUSD $ 1.00
$ 14.94M
$ 14.94 million
+0.12%
48 Origin Dollar OUSD $ 0.999
$ 7.82M
$ 7.82 million
-0.13%
49 Fei Protocol FEI $ 1.04
$ 3.56M
$ 3.56 million
+0.35%
50 Rupiah Token IDRT $ 0.0000586
$ 2.63M
$ 2.63 million
+0.75%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
TerraClassicUSD USTC $ 0.00529
$ 29.50M
$ 29.50 million
+4.39%
Mezo USD MUSD $ 1.02
$ 50.99M
$ 50.99 million
+0.80%
Resolv RESOLV $ 0.0346
$ 13.05M
$ 13.05 million
+0.50%
Agora AUSD $ 1.00
$ 150.51M
$ 150.51 million
+0.30%
PayPal USD PYUSD $ 1.00
$ 4.01B
$ 4.01 billion
+0.17%
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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