Coinranking
Stablecoins
223 coins #13| | Coins | | | ||
|---|---|---|---|---|---|
| | |||||
| | 1 |  Tether USD USDT | $ | +0.03%  | |
| | 2 |  USDC USDC | $ | +0.04%  | |
| | 3 |  USDS USDS | $ | +1.13%  | |
| | 4 |  Binance-Peg BSC-USD BSC-USD | $ | +0.19%  | |
| | 5 |  Ethena USDe USDE | $ | -0.04%  | |
| | 6 |  Dai DAI | $ | +0.05%  | |
| | 7 |  PayPal USD PYUSD | $ | -0.02%  | |
| | 8 |  World Liberty Financial USD USD1 | $ | +0.05%  | |
| | 9 |  PAX Gold PAXG | $ | -0.23%  | |
| | 10 |  Global Dollar USDG | $ | +0.03%  | |
| | 11 |  Ripple USD RLUSD | $ | +0.06%  | |
| | 12 |  Usual USD USD0 | $ | +0.37%  | |
| | 13 |  USDD USDD | $ | +0.02%  | |
| | 14 |  United Stables U | $ | -0.17%  | |
| | 15 |  First Digital USD FDUSD | $ | -0.35%  | |
| | 16 |  TrueUSD TUSD | $ | +0.02%  | |
| | 17 |  EURC EURC | $ | -0.31%  | |
| | 18 |  Legacy Frax Dollar FRAX | $ | -3.59%  | |
| | 19 |  Agora AUSD | $ | +0.01%  | |
| | 20 |  Curve.Fi USD Stablecoin CRVUSD | $ | +0.38%  | |
| | 21 |  DOLA DOLA | $ | -0.21%  | |
| | 22 |  Binance USD BUSD | $ | +0.26%  | |
| | 23 |  sUSD Synthetix SUSD | $ | -4.17%  | |
| | 24 |  EURITE EURI | $ | -0.27%  | |
| | 25 |  Gemini dollar GUSD | $ | +0.06%  | |
| | 26 |  Pax Dollar USDP | $ | -0.04%  | |
| | 27 |  TerraClassicUSD USTC | $ | -1.23%  | |
| | 28 |  Resolv RESOLV | $ | +0.39%  | |
| | 29 |  XUSD XUSD | $ | -0.01%  | |
| | 30 |  Worldwide USD WUSD | $ | -0.05%  | |
| | 31 |  StablR Euro EURR | $ | -0.12%  | |
| | 32 |  XSGD XSGD | $ | -0.03%  | |
| | 33 |  Reservoir DAM | $ | -1.65%  | |
| | 34 |  USD Base Coin USDBC | $ | +1.55%  | |
| | 35 |  StablR USD USDR | $ | +0.08%  | |
| | 36 |  Quantoz USDQ USDQ | $ | +0.04%  | |
| The coins below are ranked lower due to missing data. Learn more | |||||
| | 37 |  Curve.fi DAI/USDC/USDT 3CRV | $ | -0.27%  | |
| | 38 |  TerraUSD UST | $ | -2.23%  | |
| | 39 |  OpenEden Compounding OpenDollar CUSDO | $ | +0.01%  | |
| | 40 |  Anchored Coins EUR AEUR | $ | +0.36%  | |
| | 41 |  Decentralized Social DESO | $ | +1.14%  | |
| | 42 |  Resupply USD reUSD | $ | -0.13%  | |
| | 43 |  BOLD Stablecoin BOLD | $ | +0.01%  | |
| | 44 |  Liquity USD LUSD | $ | +0.24%  | |
| | 45 |  Bucket Protocol BUCK Stablecoin BUCK | $ | -0.02%  | |
| | 46 |  Euro Tether EURT | $ | +2.19%  | |
| | 47 |  Celo Dollar CUSD | $ | -0.11%  | |
| | 48 |  Origin Dollar OUSD | $ | -0.03%  | |
| | 49 |  BiLira TRYB | $ | -0.08%  | |
| | 50 |  Fei Protocol FEI | $ | -0.99%  | |
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Trending Stablecoins
| Coins | Price | 24h | |
|---|---|---|---|
| | USDS USDS | $ | +1.13% |
Top gainers
| Coins | | | |||
|---|---|---|---|---|---|
| | USD Base Coin USDBC | $ | +1.55% | ||
| | USDS USDS | $ | +1.13% | ||
| | Resolv RESOLV | $ | +0.39% | ||
| | Curve.Fi USD Stablecoin CRVUSD | $ | +0.38% | ||
| | Usual USD USD0 | $ | +0.37% | ||
| 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
- User wires $1 M to issuer’s bank → issuer mints 1 M stablecoins on-chain.
- Token trades 1:1 on exchanges; arbitrage bots keep parity.
- Redemption portal – send 1 M tokens back → receive $1 M wire (Tether, Circle) or collateral auction (Maker).
- Reserve proof – monthly attestations or real-time dashboards show 1:1 backing.
- 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.