Stablecoins

253 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 $ 1.00
$ 184.27B
$ 184.27 billion
+0.06%
2 USDC USDC $ 1.00
$ 78.02B
$ 78.02 billion
+0.07%
3 USDS USDS $ 0.997
$ 11.32B
$ 11.32 billion
-0.04%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.05%
5 Ethena USDe USDE $ 0.999
$ 6.14B
$ 6.14 billion
-0.12%
6 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.20%
7 World Liberty Financial USD USD1 $ 1.00
$ 4.45B
$ 4.45 billion
+0.04%
8 PayPal USD PYUSD $ 1.00
$ 4.07B
$ 4.07 billion
+0.07%
9 PAX Gold PAXG $ 4,455.48
$ 2.29B
$ 2.29 billion
-0.08%
10 Global Dollar USDG $ 0.996
$ 1.79B
$ 1.79 billion
-0.38%
11 Ripple USD RLUSD $ 1.00
$ 1.44B
$ 1.44 billion
+0.16%
12 USDD USDD $ 1.000
$ 1.17B
$ 1.17 billion
+0.05%
13 United Stables U $ 1.00
$ 995.52M
$ 995.52 million
+0.02%
14 TrueUSD TUSD $ 0.999
$ 493.94M
$ 493.94 million
+0.09%
15 EURC EURC $ 1.15
$ 421.74M
$ 421.74 million
-0.25%
16 First Digital USD FDUSD $ 1.000
$ 385.83M
$ 385.83 million
+0.08%
17 Legacy Frax Dollar FRAX $ 0.994
$ 274.26M
$ 274.26 million
+0.17%
18 Agora AUSD $ 0.999
$ 143.14M
$ 143.14 million
-0.08%
19 Binance USD BUSD $ 0.999
$ 55.80M
$ 55.80 million
+0.07%
20 XUSD XUSD $ 1.00
$ 47.98M
$ 47.98 million
+0.03%
21 EURITE EURI $ 1.15
$ 47.73M
$ 47.73 million
-0.29%
22 Pax Dollar USDP $ 1.00
$ 45.57M
$ 45.57 million
-0.04%
23 sUSD Synthetix SUSD $ 0.763
$ 40.31M
$ 40.31 million
-2.53%
24 Gemini dollar GUSD $ 1.000
$ 35.69M
$ 35.69 million
-0.11%
25 TerraClassicUSD USTC $ 0.00470
$ 26.23M
$ 26.23 million
+0.00%
26 Tether America USD USAT $ 1.00
$ 20.00M
$ 20.00 million
-0.04%
27 XSGD XSGD $ 0.779
$ 16.78M
$ 16.78 million
-0.25%
28 Resolv RESOLV $ 0.0431
$ 16.22M
$ 16.22 million
+5.73%
29 StablR Euro EURR $ 1.15
$ 12.94M
$ 12.94 million
+0.23%
30 Reservoir DAM $ 0.0273
$ 9.29M
$ 9.29 million
-5.39%
31 Worldwide USD WUSD $ 1.000
$ 7.47M
$ 7.47 million
-0.00%
32 USD Base Coin USDBC $ 1.00
$ 7.11M
$ 7.11 million
-0.01%
33 StablR USD USDR $ 0.997
$ 6.90M
$ 6.90 million
+0.13%
34 Quantoz USDQ USDQ $ 1.00
$ 6.02M
$ 6.02 million
+0.03%

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

35 Curve.Fi USD Stablecoin CRVUSD $ 2.93
$ 756.07M
$ 756.07 million
+0.94%
36 Usual USD USD0 $ 0.999
$ 568.69M
$ 568.69 million
+0.03%
37 Curve.fi DAI/USDC/USDT 3CRV $ 3.14
$ 503.36M
$ 503.36 million
+2.19%
38 Resupply USD reUSD $ 2.32
$ 116.81M
$ 116.81 million
-0.04%
39 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.43M
$ 63.43 million
-0.01%
40 Anchored Coins EUR AEUR $ 1.14
$ 54.28M
$ 54.28 million
-0.26%
41 Decentralized Social DESO $ 5.32
$ 47.33M
$ 47.33 million
+0.79%
42 TerraUSD UST $ 0.00465
$ 45.63M
$ 45.63 million
+0.80%
43 Liquity USD LUSD $ 1.00
$ 35.58M
$ 35.58 million
+0.18%
44 BOLD Stablecoin BOLD $ 1.01
$ 29.74M
$ 29.74 million
+0.05%
45 Bucket Protocol BUCK Stablecoin BUCK $ 1.000
$ 25.91M
$ 25.91 million
-0.00%
46 Celo Dollar CUSD $ 0.999
$ 14.82M
$ 14.82 million
-0.13%
47 Origin Dollar OUSD $ 1.000
$ 7.56M
$ 7.56 million
-0.01%
48 BiLira TRYB $ 0.0226
$ 3.82M
$ 3.82 million
-0.01%
49 Fei Protocol FEI $ 0.993
$ 3.38M
$ 3.38 million
+1.52%
50 Rupiah Token IDRT $ 0.0000577
$ 2.59M
$ 2.59 million
-0.60%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Resolv RESOLV $ 0.0431
$ 16.22M
$ 16.22 million
+5.73%
StablR Euro EURR $ 1.15
$ 12.94M
$ 12.94 million
+0.23%
Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.20%
Legacy Frax Dollar FRAX $ 0.994
$ 274.26M
$ 274.26 million
+0.17%
Ripple USD RLUSD $ 1.00
$ 1.44B
$ 1.44 billion
+0.16%
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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