Stablecoins

226 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 $ 0.999
$ 185.72B
$ 185.72 billion
+0.05%
2 USDC USDC $ 1.00
$ 70.75B
$ 70.75 billion
-0.13%
3 USDS USDS $ 0.983
$ 9.26B
$ 9.26 billion
-1.89%
4 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
-0.23%
5 Ethena USDe USDE $ 0.999
$ 6.47B
$ 6.47 billion
-0.01%
6 Dai DAI $ 1.00
$ 5.14B
$ 5.14 billion
-0.20%
7 World Liberty Financial USD USD1 $ 1.00
$ 4.92B
$ 4.92 billion
-0.05%
8 PayPal USD PYUSD $ 1.00
$ 3.61B
$ 3.61 billion
-0.02%
9 PAX Gold PAXG $ 4,733.20
$ 2.17B
$ 2.17 billion
-5.22%
10 Global Dollar USDG $ 0.999
$ 1.55B
$ 1.55 billion
-0.18%
11 Ripple USD RLUSD $ 1.00
$ 1.42B
$ 1.42 billion
-0.22%
12 USDD USDD $ 1.000
$ 1.05B
$ 1.05 billion
+0.02%
13 United Stables U $ 1.00
$ 735.20M
$ 735.20 million
-0.11%
14 TrueUSD TUSD $ 0.998
$ 493.86M
$ 493.86 million
+0.03%
15 First Digital USD FDUSD $ 1.000
$ 445.91M
$ 445.91 million
+0.03%
16 EURC EURC $ 1.18
$ 425.13M
$ 425.13 million
-0.16%
17 Legacy Frax Dollar FRAX $ 0.993
$ 274.53M
$ 274.53 million
+0.07%
18 Agora AUSD $ 0.999
$ 180.21M
$ 180.21 million
-0.29%
19 Curve.Fi USD Stablecoin CRVUSD $ 0.992
$ 146.80M
$ 146.80 million
-0.19%
20 DOLA DOLA $ 1.03
$ 124.18M
$ 124.18 million
+3.10%
21 Binance USD BUSD $ 0.998
$ 55.73M
$ 55.73 million
-0.42%
22 EURITE EURI $ 1.18
$ 48.86M
$ 48.86 million
-0.26%
23 Gemini dollar GUSD $ 1.00
$ 47.21M
$ 47.21 million
+0.03%
24 Pax Dollar USDP $ 1.00
$ 45.63M
$ 45.63 million
+0.09%
25 BOLD Stablecoin BOLD $ 1.01
$ 39.26M
$ 39.26 million
+0.48%
26 Liquity USD LUSD $ 1.01
$ 36.15M
$ 36.15 million
+1.24%
27 sUSD Synthetix SUSD $ 0.651
$ 34.14M
$ 34.14 million
-6.08%
28 Resolv RESOLV $ 0.0776
$ 27.49M
$ 27.49 million
-3.90%
29 XUSD XUSD $ 1.00
$ 25.32M
$ 25.32 million
-0.02%
30 TerraClassicUSD USTC $ 0.00434
$ 24.20M
$ 24.20 million
-17.14%
31 Tether America USD USAT $ 1.00
$ 20.03M
$ 20.03 million
+0.02%
32 XSGD XSGD $ 0.783
$ 13.50M
$ 13.50 million
-0.42%
33 StablR Euro EURR $ 1.17
$ 13.09M
$ 13.09 million
-0.43%
34 Worldwide USD WUSD $ 1.01
$ 11.41M
$ 11.41 million
+0.61%
35 USD Base Coin USDBC $ 1.000
$ 7.50M
$ 7.50 million
-0.21%
36 StablR USD USDR $ 0.998
$ 6.83M
$ 6.83 million
+0.08%
37 Quantoz USDQ USDQ $ 1.00
$ 6.17M
$ 6.17 million
+0.03%
38 Reservoir DAM $ 0.0151
$ 5.15M
$ 5.15 million
-12.94%
39 Vai VAI $ 0.999
$ 2.55M
$ 2.55 million
+0.30%

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

40 Usual USD USD0 $ 1.99
$ 1.16B
$ 1.16 billion
-3.75%
41 Resupply USD reUSD $ 4.28
$ 215.21M
$ 215.21 million
-1.98%
42 Curve.fi DAI/USDC/USDT 3CRV $ 1.06
$ 175.77M
$ 175.77 million
+3.45%
43 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.28M
$ 63.28 million
+0.01%
44 Anchored Coins EUR AEUR $ 1.18
$ 55.73M
$ 55.73 million
-0.26%
45 Decentralized Social DESO $ 6.00
$ 53.28M
$ 53.28 million
-11.49%
46 TerraUSD UST $ 0.00437
$ 42.85M
$ 42.85 million
-16.85%
47 Bucket Protocol BUCK Stablecoin BUCK $ 1.000
$ 25.92M
$ 25.92 million
+0.30%
48 Euro Tether EURT $ 0.515
$ 21.86M
$ 21.86 million
-1.64%
49 Celo Dollar CUSD $ 1.00
$ 14.86M
$ 14.86 million
-0.03%
50 Origin Dollar OUSD $ 0.998
$ 8.45M
$ 8.45 million
+0.03%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
DOLA DOLA $ 1.03
$ 124.18M
$ 124.18 million
+3.10%
Liquity USD LUSD $ 1.01
$ 36.15M
$ 36.15 million
+1.24%
Worldwide USD WUSD $ 1.01
$ 11.41M
$ 11.41 million
+0.61%
BOLD Stablecoin BOLD $ 1.01
$ 39.26M
$ 39.26 million
+0.48%
Vai VAI $ 0.999
$ 2.55M
$ 2.55 million
+0.30%
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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