Stablecoins

274 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 Live Price Market cap 24h
1 Tether USD USDT $ 1.00
$ 187.64B
$ 187.64 billion
+0.18%
2 USDC USDC $ 1.00
$ 75.45B
$ 75.45 billion
+0.10%
3 USDS USDS $ 0.998
$ 10.82B
$ 10.82 billion
-0.13%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.01B
$ 9.01 billion
+0.53%
5 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.04%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.56B
$ 4.56 billion
+0.20%
7 Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
+0.01%
8 PayPal USD PYUSD $ 1.00
$ 3.02B
$ 3.02 billion
-0.06%
9 Global Dollar USDG $ 1.00
$ 2.57B
$ 2.57 billion
-0.04%
10 PAX Gold PAXG $ 4,327.55
$ 1.99B
$ 1.99 billion
-3.30%
11 Ripple USD RLUSD $ 0.999
$ 1.83B
$ 1.83 billion
+0.19%
12 USDD USDD $ 1.000
$ 1.44B
$ 1.44 billion
+0.56%
13 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
+0.18%
14 TrueUSD TUSD $ 1.000
$ 494.38M
$ 494.38 million
+0.24%
15 EURC EURC $ 1.15
$ 429.18M
$ 429.18 million
-0.84%
16 First Digital USD FDUSD $ 0.998
$ 353.98M
$ 353.98 million
+0.08%
17 Legacy Frax Dollar FRAX $ 0.995
$ 274.56M
$ 274.56 million
+0.02%
18 Agora AUSD $ 1.00
$ 141.22M
$ 141.22 million
+2.48%
19 Binance USD BUSD $ 1.00
$ 55.93M
$ 55.93 million
+0.24%
20 Quantoz USDQ USDQ $ 0.994
$ 49.50M
$ 49.50 million
-0.21%
21 XUSD XUSD $ 1.00
$ 47.98M
$ 47.98 million
-0.02%
22 EURITE EURI $ 1.15
$ 47.70M
$ 47.70 million
-0.44%
23 Pax Dollar USDP $ 1.00
$ 45.56M
$ 45.56 million
-0.05%
24 Gemini dollar GUSD $ 1.00
$ 37.71M
$ 37.71 million
+0.03%
25 Liquity USD LUSD $ 1.01
$ 35.70M
$ 35.70 million
+0.32%
26 BOLD Stablecoin BOLD $ 1.00
$ 33.13M
$ 33.13 million
+0.09%
27 TerraClassicUSD USTC $ 0.00573
$ 31.98M
$ 31.98 million
-4.49%
28 Tether America USD USAT $ 1.000
$ 20.00M
$ 20.00 million
+0.00%
29 XSGD XSGD $ 0.775
$ 14.77M
$ 14.77 million
-0.63%
30 Worldwide USD WUSD $ 0.999
$ 11.33M
$ 11.33 million
+0.10%
31 USD Base Coin USDBC $ 1.000
$ 7.06M
$ 7.06 million
+0.02%
32 Resolv RESOLV $ 0.0171
$ 6.67M
$ 6.67 million
-13.92%
33 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.06M
$ 5.06 million
-0.23%
34 Reservoir DAM $ 0.0101
$ 3.98M
$ 3.98 million
+1.99%

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

35 Usual USD USD0 $ 0.999
$ 558.95M
$ 558.95 million
+0.02%
36 Curve.Fi USD Stablecoin CRVUSD $ 2.72
$ 504.02M
$ 504.02 million
-0.06%
37 Curve.fi DAI/USDC/USDT 3CRV $ 1.05
$ 167.89M
$ 167.89 million
-1.28%
38 Resupply USD reUSD $ 2.82
$ 141.79M
$ 141.79 million
+3.05%
39 sUSD Synthetix SUSD $ 1.56
$ 82.60M
$ 82.60 million
-7.75%
40 USDsui USDsui $ 0.999
$ 75.10M
$ 75.10 million
-0.03%
41 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.88M
$ 63.88 million
-0.00%
42 Fidelity Digital Dollar FIDD $ 1.000
$ 59.58M
$ 59.58 million
+0.09%
43 TerraUSD UST $ 0.00584
$ 57.26M
$ 57.26 million
-1.00%
44 Anchored Coins EUR AEUR $ 1.15
$ 54.43M
$ 54.43 million
-0.02%
45 Mezo USD MUSD $ 1.00
$ 50.20M
$ 50.20 million
-0.08%
46 Decentralized Social DESO $ 3.49
$ 31.01M
$ 31.01 million
+0.21%
47 Bucket Protocol BUCK Stablecoin BUCK $ 0.997
$ 25.90M
$ 25.90 million
-0.23%
48 StablR USD USDR $ 0.803
$ 17.14M
$ 17.14 million
+1.01%
49 Origin Dollar OUSD $ 2.83
$ 16.65M
$ 16.65 million
+3.66%
50 Celo Dollar CUSD $ 0.974
$ 15.63M
$ 15.63 million
-4.14%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Agora AUSD $ 1.00
$ 141.22M
$ 141.22 million
+2.48%
Reservoir DAM $ 0.0101
$ 3.98M
$ 3.98 million
+1.99%
USDD USDD $ 1.000
$ 1.44B
$ 1.44 billion
+0.56%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.01B
$ 9.01 billion
+0.53%
Liquity USD LUSD $ 1.01
$ 35.70M
$ 35.70 million
+0.32%
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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