Stablecoins

54 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 $ 1.000
$ 186.98B
$ 186.98 billion
-0.05%
2 USDC USDC $ 1.00
$ 75.24B
$ 75.24 billion
+0.06%
3 USDS USDS $ 0.996
$ 9.87B
$ 9.87 billion
-0.29%
4 Ethena USDe USDE $ 1.00
$ 6.31B
$ 6.31 billion
+0.02%
5 Dai DAI $ 1.00
$ 4.99B
$ 4.99 billion
-0.07%
6 PayPal USD PYUSD $ 1.000
$ 3.62B
$ 3.62 billion
-0.02%
7 World Liberty Financial USD USD1 $ 1.00
$ 3.38B
$ 3.38 billion
-0.01%
8 PAX Gold PAXG $ 4,444.39
$ 1.68B
$ 1.68 billion
-0.54%
9 Global Dollar USDG $ 1.000
$ 1.53B
$ 1.53 billion
+0.00%
10 Ripple USD RLUSD $ 1.00
$ 1.34B
$ 1.34 billion
+0.01%
11 USDD USDD $ 1.000
$ 515.69M
$ 515.69 million
+0.01%
12 First Digital USD FDUSD $ 1.000
$ 506.04M
$ 506.04 million
-0.05%
13 TrueUSD TUSD $ 0.997
$ 493.04M
$ 493.04 million
-0.02%
14 EURC EURC $ 1.17
$ 293.29M
$ 293.29 million
-0.14%
15 Legacy Frax Dollar FRAX $ 0.994
$ 278.53M
$ 278.53 million
-0.01%
16 Agora AUSD $ 0.999
$ 195.66M
$ 195.66 million
-0.08%
17 Curve.Fi USD Stablecoin CRVUSD $ 0.996
$ 147.44M
$ 147.44 million
-0.23%
18 DOLA DOLA $ 1.00
$ 133.59M
$ 133.59 million
+0.51%
19 Binance USD BUSD $ 1.00
$ 56.32M
$ 56.32 million
+0.06%
20 sUSD Synthetix SUSD $ 0.854
$ 53.62M
$ 53.62 million
-0.57%
21 EURITE EURI $ 1.17
$ 48.97M
$ 48.97 million
-0.06%
22 Pax Dollar USDP $ 1.00
$ 45.58M
$ 45.58 million
+0.06%
23 Gemini dollar GUSD $ 1.00
$ 45.56M
$ 45.56 million
+0.08%
24 BOLD Stablecoin BOLD $ 1.000
$ 40.01M
$ 40.01 million
+0.03%
25 TerraClassicUSD USTC $ 0.00684
$ 38.20M
$ 38.20 million
-5.43%
26 Resolv RESOLV $ 0.0721
$ 25.47M
$ 25.47 million
-10.21%
27 XUSD XUSD $ 1.00
$ 21.50M
$ 21.50 million
+0.04%
28 Worldwide USD WUSD $ 1.00
$ 16.25M
$ 16.25 million
-0.00%
29 StablR Euro EURR $ 1.17
$ 13.87M
$ 13.87 million
-0.10%
30 XSGD XSGD $ 0.780
$ 12.78M
$ 12.78 million
-0.26%
31 USD Base Coin USDBC $ 1.00
$ 8.17M
$ 8.17 million
-0.00%
32 Reservoir DAM $ 0.0264
$ 8.13M
$ 8.13 million
-4.46%
33 StablR USD USDR $ 0.993
$ 7.58M
$ 7.58 million
-0.24%
34 Quantoz USDQ USDQ $ 0.999
$ 6.35M
$ 6.35 million
+0.04%

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

35 Usual USD USD0 $ 0.999
$ 568.93M
$ 568.93 million
+0.05%
36 Curve.fi DAI/USDC/USDT 3CRV $ 1.05
$ 168.36M
$ 168.36 million
+0.78%
37 TerraUSD UST $ 0.00695
$ 68.13M
$ 68.13 million
-5.12%
38 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.11M
$ 63.11 million
+0.01%
39 Anchored Coins EUR AEUR $ 1.15
$ 54.65M
$ 54.65 million
-1.31%
40 Resupply USD reUSD $ 0.990
$ 51.22M
$ 51.22 million
+0.08%
41 Decentralized Social DESO $ 5.52
$ 49.07M
$ 49.07 million
+0.35%
42 Liquity USD LUSD $ 1.00
$ 35.73M
$ 35.73 million
+0.01%
43 Euro Tether EURT $ 0.684
$ 27.34M
$ 27.34 million
-3.24%
44 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 26.07M
$ 26.07 million
+0.17%
45 Celo Dollar CUSD $ 1.000
$ 15.39M
$ 15.39 million
+0.05%
46 Origin Dollar OUSD $ 0.996
$ 8.90M
$ 8.90 million
-0.53%
47 BiLira TRYB $ 0.0232
$ 3.93M
$ 3.93 million
-0.12%
48 Fei Protocol FEI $ 0.985
$ 3.34M
$ 3.34 million
+1.81%
49 Vai VAI $ 1.00
$ 2.49M
$ 2.49 million
+0.12%
50 Level USD LVLUSD $ 0.999
$ 1.24M
$ 1.24 million
-0.00%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
DOLA DOLA $ 1.00
$ 133.59M
$ 133.59 million
+0.51%
Quantoz USDQ USDQ $ 0.999
$ 6.35M
$ 6.35 million
+0.04%
USDD USDD $ 1.000
$ 515.69M
$ 515.69 million
+0.01%
USDC USDC $ 1.00
$ 75.24B
$ 75.24 billion
+0.06%
Pax Dollar USDP $ 1.00
$ 45.58M
$ 45.58 million
+0.06%
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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