Stablecoins

254 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
$ 184.28B
$ 184.28 billion
+0.07%
2 USDC USDC $ 1.00
$ 77.57B
$ 77.57 billion
+0.06%
3 USDS USDS $ 0.996
$ 11.77B
$ 11.77 billion
-0.07%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
+0.15%
5 Ethena USDe USDE $ 1.00
$ 6.15B
$ 6.15 billion
+0.03%
6 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.09%
7 World Liberty Financial USD USD1 $ 1.00
$ 4.47B
$ 4.47 billion
+0.06%
8 PayPal USD PYUSD $ 1.000
$ 3.94B
$ 3.94 billion
+0.00%
9 PAX Gold PAXG $ 4,649.97
$ 2.39B
$ 2.39 billion
-0.02%
10 Global Dollar USDG $ 1.00
$ 1.86B
$ 1.86 billion
+0.01%
11 Ripple USD RLUSD $ 1.00
$ 1.47B
$ 1.47 billion
+0.11%
12 USDD USDD $ 0.999
$ 1.41B
$ 1.41 billion
-0.06%
13 United Stables U $ 1.00
$ 995.21M
$ 995.21 million
+0.04%
14 TrueUSD TUSD $ 0.999
$ 494.25M
$ 494.25 million
-0.00%
15 EURC EURC $ 1.15
$ 411.08M
$ 411.08 million
-0.02%
16 First Digital USD FDUSD $ 1.000
$ 394.22M
$ 394.22 million
+0.07%
17 Agora AUSD $ 1.000
$ 159.13M
$ 159.13 million
-0.20%
18 Binance USD BUSD $ 0.997
$ 55.62M
$ 55.62 million
-0.26%
19 XUSD XUSD $ 1.00
$ 47.96M
$ 47.96 million
-0.02%
20 EURITE EURI $ 1.15
$ 47.69M
$ 47.69 million
+0.00%
21 Pax Dollar USDP $ 1.00
$ 45.58M
$ 45.58 million
+0.03%
22 Gemini dollar GUSD $ 1.00
$ 35.73M
$ 35.73 million
+0.09%
23 TerraClassicUSD USTC $ 0.00442
$ 24.64M
$ 24.64 million
-0.95%
24 Tether America USD USAT $ 1.00
$ 20.02M
$ 20.02 million
-0.05%
25 Reservoir DAM $ 0.0504
$ 17.17M
$ 17.17 million
-7.52%
26 XSGD XSGD $ 0.776
$ 16.96M
$ 16.96 million
-0.14%
27 Resolv RESOLV $ 0.0396
$ 14.85M
$ 14.85 million
+0.17%
28 StablR Euro EURR $ 1.15
$ 12.89M
$ 12.89 million
+0.01%
29 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
+0.00%
30 Quantoz USDQ USDQ $ 1.00
$ 6.02M
$ 6.02 million
+0.09%
31 StablR USD USDR $ 0.997
$ 6.00M
$ 6.00 million
-0.23%

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

32 Legacy Frax Dollar FRAX $ 2.31
$ 637.63M
$ 637.63 million
+5.01%
33 Curve.Fi USD Stablecoin CRVUSD $ 2.32
$ 615.78M
$ 615.78 million
+5.73%
34 Usual USD USD0 $ 0.999
$ 565.60M
$ 565.60 million
-0.01%
35 Curve.fi DAI/USDC/USDT 3CRV $ 2.27
$ 363.70M
$ 363.70 million
-0.07%
36 Resupply USD reUSD $ 1.51
$ 75.84M
$ 75.84 million
-1.64%
37 sUSD Synthetix SUSD $ 1.38
$ 73.08M
$ 73.08 million
+0.49%
38 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.49M
$ 63.49 million
+0.05%
39 Anchored Coins EUR AEUR $ 1.14
$ 54.13M
$ 54.13 million
-0.05%
40 Mezo USD MUSD $ 1.00
$ 50.10M
$ 50.10 million
+0.02%
41 Decentralized Social DESO $ 5.23
$ 46.46M
$ 46.46 million
+0.40%
42 TerraUSD UST $ 0.00439
$ 43.09M
$ 43.09 million
-3.96%
43 Liquity USD LUSD $ 1.00
$ 35.47M
$ 35.47 million
-0.03%
44 BOLD Stablecoin BOLD $ 1.00
$ 30.26M
$ 30.26 million
-0.01%
45 Bucket Protocol BUCK Stablecoin BUCK $ 1.000
$ 26.12M
$ 26.12 million
-0.10%
46 Celo Dollar CUSD $ 0.999
$ 14.83M
$ 14.83 million
-0.17%
47 Origin Dollar OUSD $ 0.999
$ 7.55M
$ 7.55 million
-0.08%
48 USD Base Coin USDBC $ 1.00
$ 7.03M
$ 7.03 million
-0.00%
49 Rupiah Token IDRT $ 0.0000590
$ 2.65M
$ 2.65 million
+0.95%
50 Vai VAI $ 0.999
$ 2.55M
$ 2.55 million
+0.40%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Resolv RESOLV $ 0.0396
$ 14.85M
$ 14.85 million
+0.17%
Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
+0.15%
Ripple USD RLUSD $ 1.00
$ 1.47B
$ 1.47 billion
+0.11%
Gemini dollar GUSD $ 1.00
$ 35.73M
$ 35.73 million
+0.09%
Quantoz USDQ USDQ $ 1.00
$ 6.02M
$ 6.02 million
+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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