Stablecoins

224 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
$ 185.89B
$ 185.89 billion
+0.03%
2 USDC USDC $ 1.00
$ 70.46B
$ 70.46 billion
+0.10%
3 USDS USDS $ 1.00
$ 9.36B
$ 9.36 billion
+0.67%
4 Ethena USDe USDE $ 1.000
$ 6.47B
$ 6.47 billion
+0.04%
5 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.05%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.92B
$ 4.92 billion
+0.02%
7 PayPal USD PYUSD $ 1.000
$ 3.75B
$ 3.75 billion
+0.01%
8 PAX Gold PAXG $ 5,425.80
$ 2.08B
$ 2.08 billion
-1.47%
9 Global Dollar USDG $ 1.00
$ 1.58B
$ 1.58 billion
-0.00%
10 Ripple USD RLUSD $ 1.00
$ 1.40B
$ 1.40 billion
+0.09%
11 USDD USDD $ 0.999
$ 1.12B
$ 1.12 billion
-0.02%
12 United Stables U $ 1.00
$ 734.98M
$ 734.98 million
+0.01%
13 First Digital USD FDUSD $ 0.999
$ 504.00M
$ 504.00 million
-0.12%
14 TrueUSD TUSD $ 0.998
$ 493.47M
$ 493.47 million
-0.08%
15 EURC EURC $ 1.19
$ 365.81M
$ 365.81 million
-0.40%
16 Legacy Frax Dollar FRAX $ 0.992
$ 273.90M
$ 273.90 million
+4.33%
17 Agora AUSD $ 0.999
$ 161.68M
$ 161.68 million
-0.01%
18 Curve.Fi USD Stablecoin CRVUSD $ 0.971
$ 143.73M
$ 143.73 million
-1.55%
19 EURITE EURI $ 1.19
$ 49.27M
$ 49.27 million
-0.32%
20 Gemini dollar GUSD $ 1.00
$ 47.21M
$ 47.21 million
+0.18%
21 Pax Dollar USDP $ 1.00
$ 45.58M
$ 45.58 million
-0.07%
22 TerraClassicUSD USTC $ 0.00607
$ 33.88M
$ 33.88 million
-3.77%
23 Resolv RESOLV $ 0.0801
$ 28.47M
$ 28.47 million
-10.43%
24 XUSD XUSD $ 1.00
$ 25.30M
$ 25.30 million
-0.02%
25 Tether America USD USAT $ 1.00
$ 20.03M
$ 20.03 million
-0.02%
26 StablR Euro EURR $ 1.18
$ 13.30M
$ 13.30 million
-0.37%
27 Worldwide USD WUSD $ 0.999
$ 11.34M
$ 11.34 million
-0.05%
28 StablR USD USDR $ 0.999
$ 6.83M
$ 6.83 million
+0.05%
29 Reservoir DAM $ 0.0188
$ 6.41M
$ 6.41 million
-3.59%
30 Quantoz USDQ USDQ $ 1.00
$ 6.17M
$ 6.17 million
+0.01%

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

31 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.03%
32 Usual USD USD0 $ 0.992
$ 591.53M
$ 591.53 million
-0.75%
33 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 166.81M
$ 166.81 million
-0.58%
34 DOLA DOLA $ 0.997
$ 133.89M
$ 133.89 million
-0.09%
35 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.25M
$ 63.25 million
+0.01%
36 Decentralized Social DESO $ 6.75
$ 59.97M
$ 59.97 million
-0.90%
37 TerraUSD UST $ 0.00603
$ 59.09M
$ 59.09 million
-4.46%
38 Anchored Coins EUR AEUR $ 1.20
$ 56.85M
$ 56.85 million
-1.24%
39 Binance USD BUSD $ 0.978
$ 54.64M
$ 54.64 million
-2.33%
40 Resupply USD reUSD $ 0.994
$ 50.04M
$ 50.04 million
+0.03%
41 sUSD Synthetix SUSD $ 0.744
$ 39.04M
$ 39.04 million
-4.38%
42 BOLD Stablecoin BOLD $ 1.000
$ 39.03M
$ 39.03 million
-0.11%
43 Liquity USD LUSD $ 1.000
$ 35.68M
$ 35.68 million
-0.01%
44 Euro Tether EURT $ 0.670
$ 26.79M
$ 26.79 million
+36.04%
45 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.95M
$ 25.95 million
-0.19%
46 Celo Dollar CUSD $ 1.00
$ 15.35M
$ 15.35 million
-0.05%
47 XSGD XSGD $ 0.791
$ 13.90M
$ 13.90 million
-0.21%
48 Origin Dollar OUSD $ 1.00
$ 8.65M
$ 8.65 million
+0.60%
49 USD Base Coin USDBC $ 1.00
$ 7.64M
$ 7.64 million
+0.02%
50 Fei Protocol FEI $ 0.983
$ 3.35M
$ 3.35 million
+0.00%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
Legacy Frax Dollar FRAX $ 0.992
$ 273.90M
$ 273.90 million
+4.33%
USDS USDS $ 1.00
$ 9.36B
$ 9.36 billion
+0.67%
Gemini dollar GUSD $ 1.00
$ 47.21M
$ 47.21 million
+0.18%
USDC USDC $ 1.00
$ 70.46B
$ 70.46 billion
+0.10%
Ripple USD RLUSD $ 1.00
$ 1.40B
$ 1.40 billion
+0.09%
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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