Stablecoins

258 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 $ 1.00
$ 189.80B
$ 189.80 billion
-0.01%
2 USDC USDC $ 1.000
$ 77.68B
$ 77.68 billion
+0.01%
3 USDS USDS $ 0.996
$ 10.94B
$ 10.94 billion
-0.13%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.01%
5 Ethena USDe USDE $ 0.999
$ 6.14B
$ 6.14 billion
+0.00%
6 Dai DAI $ 1.000
$ 5.14B
$ 5.14 billion
-0.03%
7 World Liberty Financial USD USD1 $ 0.999
$ 4.33B
$ 4.33 billion
-0.19%
8 PayPal USD PYUSD $ 1.00
$ 3.45B
$ 3.45 billion
+0.43%
9 Global Dollar USDG $ 1.000
$ 2.40B
$ 2.40 billion
-0.01%
10 PAX Gold PAXG $ 4,692.75
$ 2.26B
$ 2.26 billion
-0.18%
11 Ripple USD RLUSD $ 1.000
$ 1.47B
$ 1.47 billion
-0.10%
12 USDD USDD $ 1.000
$ 1.39B
$ 1.39 billion
+0.02%
13 United Stables U $ 1.000
$ 994.51M
$ 994.51 million
-0.00%
14 TrueUSD TUSD $ 1.00
$ 494.52M
$ 494.52 million
-0.03%
15 EURC EURC $ 1.17
$ 429.84M
$ 429.84 million
-0.02%
16 First Digital USD FDUSD $ 0.998
$ 414.77M
$ 414.77 million
-0.01%
17 Agora AUSD $ 0.998
$ 149.79M
$ 149.79 million
-0.40%
18 Binance USD BUSD $ 0.998
$ 55.71M
$ 55.71 million
-0.25%
19 EURITE EURI $ 1.17
$ 48.42M
$ 48.42 million
-0.05%
20 XUSD XUSD $ 1.000
$ 47.93M
$ 47.93 million
+0.00%
21 Pax Dollar USDP $ 1.000
$ 45.55M
$ 45.55 million
-0.00%
22 Gemini dollar GUSD $ 1.000
$ 35.69M
$ 35.69 million
+0.03%
23 Liquity USD LUSD $ 1.00
$ 35.50M
$ 35.50 million
-0.52%
24 BOLD Stablecoin BOLD $ 1.000
$ 34.11M
$ 34.11 million
+0.01%
25 TerraClassicUSD USTC $ 0.00545
$ 30.42M
$ 30.42 million
+0.07%
26 Tether America USD USAT $ 0.999
$ 19.97M
$ 19.97 million
-0.03%
27 XSGD XSGD $ 0.784
$ 15.56M
$ 15.56 million
-0.01%
28 StablR Euro EURR $ 1.16
$ 13.00M
$ 13.00 million
-0.11%
29 Resolv RESOLV $ 0.0275
$ 10.46M
$ 10.46 million
-3.82%
30 Reservoir DAM $ 0.0278
$ 9.62M
$ 9.62 million
+30.23%
31 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
-0.01%
32 USD Base Coin USDBC $ 1.00
$ 7.20M
$ 7.20 million
-1.09%
33 StablR USD USDR $ 0.999
$ 6.51M
$ 6.51 million
-0.02%
34 Quantoz USDQ USDQ $ 0.999
$ 6.01M
$ 6.01 million
-0.01%

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

35 Curve.Fi USD Stablecoin CRVUSD $ 2.31
$ 711.31M
$ 711.31 million
-4.76%
36 Legacy Frax Dollar FRAX $ 2.31
$ 637.84M
$ 637.84 million
-4.40%
37 Usual USD USD0 $ 1.000
$ 565.43M
$ 565.43 million
+0.12%
38 Curve.fi DAI/USDC/USDT 3CRV $ 1.03
$ 166.03M
$ 166.03 million
-0.63%
39 Resupply USD reUSD $ 1.86
$ 93.43M
$ 93.43 million
-11.55%
40 sUSD Synthetix SUSD $ 1.59
$ 84.57M
$ 84.57 million
-3.71%
41 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.59M
$ 63.59 million
-0.00%
42 Anchored Coins EUR AEUR $ 1.17
$ 55.33M
$ 55.33 million
-0.82%
43 TerraUSD UST $ 0.00550
$ 53.92M
$ 53.92 million
-0.18%
44 Mezo USD MUSD $ 1.00
$ 50.24M
$ 50.24 million
-0.04%
45 Decentralized Social DESO $ 4.77
$ 42.39M
$ 42.39 million
+0.45%
46 Bucket Protocol BUCK Stablecoin BUCK $ 0.998
$ 26.07M
$ 26.07 million
-0.27%
47 Origin Dollar OUSD $ 2.41
$ 16.27M
$ 16.27 million
-1.28%
48 Celo Dollar CUSD $ 0.999
$ 14.33M
$ 14.33 million
+0.00%
49 Fei Protocol FEI $ 0.918
$ 3.13M
$ 3.13 million
-5.16%
50 Vai VAI $ 1.000
$ 2.56M
$ 2.56 million
-0.05%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Reservoir DAM $ 0.0278
$ 9.62M
$ 9.62 million
+30.23%
PayPal USD PYUSD $ 1.00
$ 3.45B
$ 3.45 billion
+0.43%
TerraClassicUSD USTC $ 0.00545
$ 30.42M
$ 30.42 million
+0.07%
Gemini dollar GUSD $ 1.000
$ 35.69M
$ 35.69 million
+0.03%
USDD USDD $ 1.000
$ 1.39B
$ 1.39 billion
+0.02%
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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