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
$ 186.67B
$ 186.67 billion
+0.02%
2 USDC USDC $ 1.000
$ 78.51B
$ 78.51 billion
+0.07%
3 USDS USDS $ 0.998
$ 11.36B
$ 11.36 billion
-0.25%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.00B
$ 9.00 billion
+0.04%
5 Ethena USDe USDE $ 1.000
$ 6.15B
$ 6.15 billion
-0.02%
6 Dai DAI $ 0.999
$ 5.14B
$ 5.14 billion
+0.02%
7 World Liberty Financial USD USD1 $ 1.000
$ 4.33B
$ 4.33 billion
+0.09%
8 PayPal USD PYUSD $ 0.999
$ 4.11B
$ 4.11 billion
-0.07%
9 PAX Gold PAXG $ 4,792.85
$ 2.37B
$ 2.37 billion
-1.20%
10 Global Dollar USDG $ 1.000
$ 2.28B
$ 2.28 billion
-0.00%
11 USDD USDD $ 1.00
$ 1.53B
$ 1.53 billion
-0.00%
12 Ripple USD RLUSD $ 1.00
$ 1.44B
$ 1.44 billion
+0.07%
13 United Stables U $ 1.00
$ 995.42M
$ 995.42 million
+0.14%
14 Usual USD USD0 $ 0.995
$ 563.79M
$ 563.79 million
-0.36%
15 TrueUSD TUSD $ 0.999
$ 493.79M
$ 493.79 million
-0.02%
16 EURC EURC $ 1.18
$ 418.85M
$ 418.85 million
-0.27%
17 First Digital USD FDUSD $ 1.000
$ 413.85M
$ 413.85 million
+0.05%
18 Agora AUSD $ 0.998
$ 139.82M
$ 139.82 million
-0.29%
19 Binance USD BUSD $ 1.00
$ 55.87M
$ 55.87 million
-0.03%
20 Mezo USD MUSD $ 1.02
$ 50.87M
$ 50.87 million
-1.30%
21 EURITE EURI $ 1.18
$ 48.65M
$ 48.65 million
-0.30%
22 XUSD XUSD $ 1.000
$ 47.94M
$ 47.94 million
-0.02%
23 Pax Dollar USDP $ 1.000
$ 45.54M
$ 45.54 million
-0.01%
24 Gemini dollar GUSD $ 1.000
$ 35.68M
$ 35.68 million
+0.15%
25 Liquity USD LUSD $ 1.000
$ 35.45M
$ 35.45 million
-0.07%
26 TerraClassicUSD USTC $ 0.00565
$ 31.56M
$ 31.56 million
+3.06%
27 Tether America USD USAT $ 0.999
$ 19.99M
$ 19.99 million
-0.01%
28 XSGD XSGD $ 0.787
$ 16.80M
$ 16.80 million
-0.07%
29 Reservoir DAM $ 0.0406
$ 14.07M
$ 14.07 million
-5.84%
30 StablR Euro EURR $ 1.16
$ 13.06M
$ 13.06 million
+0.53%
31 Resolv RESOLV $ 0.0341
$ 12.91M
$ 12.91 million
-0.72%
32 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
+0.02%
33 USD Base Coin USDBC $ 1.00
$ 7.11M
$ 7.11 million
+0.13%
34 StablR USD USDR $ 0.999
$ 6.51M
$ 6.51 million
+0.29%
35 Quantoz USDQ USDQ $ 0.999
$ 6.01M
$ 6.01 million
-0.02%

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

36 Curve.Fi USD Stablecoin CRVUSD $ 2.42
$ 759.36M
$ 759.36 million
-7.07%
37 Legacy Frax Dollar FRAX $ 2.38
$ 657.75M
$ 657.75 million
-8.90%
38 Curve.fi DAI/USDC/USDT 3CRV $ 2.44
$ 391.10M
$ 391.10 million
-9.09%
39 Resupply USD reUSD $ 2.17
$ 108.99M
$ 108.99 million
-4.08%
40 sUSD Synthetix SUSD $ 1.63
$ 86.27M
$ 86.27 million
-6.26%
41 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.58M
$ 63.58 million
+0.00%
42 Anchored Coins EUR AEUR $ 1.16
$ 55.05M
$ 55.05 million
-0.31%
43 TerraUSD UST $ 0.00556
$ 54.50M
$ 54.50 million
+1.27%
44 Decentralized Social DESO $ 4.77
$ 42.39M
$ 42.39 million
-1.16%
45 BOLD Stablecoin BOLD $ 1.00
$ 32.51M
$ 32.51 million
+0.01%
46 Bucket Protocol BUCK Stablecoin BUCK $ 1.000
$ 26.12M
$ 26.12 million
+0.02%
47 Origin Dollar OUSD $ 1.97
$ 15.43M
$ 15.43 million
+61.14%
48 Celo Dollar CUSD $ 0.998
$ 14.78M
$ 14.78 million
-0.06%
49 Fei Protocol FEI $ 1.02
$ 3.49M
$ 3.49 million
-3.53%
50 Euro Tether EURT $ 0.0737
$ 2.95M
$ 2.95 million
-0.32%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
TerraClassicUSD USTC $ 0.00565
$ 31.56M
$ 31.56 million
+3.06%
StablR Euro EURR $ 1.16
$ 13.06M
$ 13.06 million
+0.53%
StablR USD USDR $ 0.999
$ 6.51M
$ 6.51 million
+0.29%
Gemini dollar GUSD $ 1.000
$ 35.68M
$ 35.68 million
+0.15%
United Stables U $ 1.00
$ 995.42M
$ 995.42 million
+0.14%
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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