Stablecoins

284 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 Live Price Market cap 24h
1 Tether USD USDT $ 1.000
$ 186.44B
$ 186.44 billion
+0.01%
2 USDC USDC $ 1.00
$ 74.83B
$ 74.83 billion
-0.01%
3 USDS USDS $ 1.00
$ 10.35B
$ 10.35 billion
+0.03%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.04%
5 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.01%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.58B
$ 4.58 billion
-0.78%
7 Ethena USDe USDE $ 1.00
$ 4.45B
$ 4.45 billion
+0.02%
8 Global Dollar USDG $ 1.00
$ 2.81B
$ 2.81 billion
-0.01%
9 PayPal USD PYUSD $ 1.00
$ 2.78B
$ 2.78 billion
-0.17%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.15B
$ 2.15 billion
+0.06%
11 Falcon USD USDF $ 0.994
$ 2.05B
$ 2.05 billion
+0.10%
12 PAX Gold PAXG $ 4,182.95
$ 1.90B
$ 1.90 billion
+0.58%
13 Ripple USD RLUSD $ 0.999
$ 1.86B
$ 1.86 billion
-0.04%
14 USDD USDD $ 1.00
$ 1.37B
$ 1.37 billion
+0.02%
15 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
-0.02%
16 Ethena Labs (USDTb) USDTb $ 1.00
$ 916.78M
$ 916.78 million
+0.01%
17 Gho Token GHO $ 0.999
$ 598.58M
$ 598.58 million
+0.01%
18 TrueUSD TUSD $ 0.999
$ 493.91M
$ 493.91 million
+0.04%
19 EURC EURC $ 1.14
$ 429.94M
$ 429.94 million
-0.28%
20 First Digital USD FDUSD $ 1.000
$ 352.40M
$ 352.40 million
+0.05%
21 Legacy Frax Dollar FRAX $ 0.991
$ 239.68M
$ 239.68 million
-0.16%
22 Agora AUSD $ 0.999
$ 138.10M
$ 138.10 million
-0.17%
23 Binance USD BUSD $ 1.00
$ 56.00M
$ 56.00 million
+0.46%
24 Quantoz USDQ USDQ $ 0.992
$ 49.39M
$ 49.39 million
-0.06%
25 XUSD XUSD $ 1.00
$ 47.99M
$ 47.99 million
-0.04%
26 EURITE EURI $ 1.14
$ 47.25M
$ 47.25 million
-0.27%
27 Pax Dollar USDP $ 1.00
$ 45.58M
$ 45.58 million
-0.01%
28 Gemini dollar GUSD $ 1.00
$ 37.72M
$ 37.72 million
+0.01%
29 TerraClassicUSD USTC $ 0.00581
$ 32.41M
$ 32.41 million
-1.40%
30 BOLD Stablecoin BOLD $ 0.999
$ 31.62M
$ 31.62 million
-0.04%
31 Tether America USD USAT $ 0.999
$ 19.99M
$ 19.99 million
+0.01%
32 Quantoz EURQ EURQ $ 1.13
$ 15.45M
$ 15.45 million
-0.23%
33 XSGD XSGD $ 0.774
$ 15.27M
$ 15.27 million
-0.06%
34 Worldwide USD WUSD $ 0.997
$ 11.32M
$ 11.32 million
+0.14%
35 Resolv RESOLV $ 0.0206
$ 8.33M
$ 8.33 million
-19.97%
36 USD Base Coin USDBC $ 1.00
$ 6.30M
$ 6.30 million
-0.04%
37 Kyrgyz Som Stablecoin KGST $ 0.0115
$ 5.14M
$ 5.14 million
+1.16%
38 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.36M
$ 2.36 million
-0.05%

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

39 Curve.Fi USD Stablecoin CRVUSD $ 16.34
$ 3.40B
$ 3.40 billion
+0.94%
40 Resupply USD reUSD $ 11.42
$ 574.67M
$ 574.67 million
-29.78%
41 Usual USD USD0 $ 1.000
$ 559.87M
$ 559.87 million
-0.22%
42 sUSD Synthetix SUSD $ 4.24
$ 239.87M
$ 239.87 million
+3.57%
43 Curve.fi DAI/USDC/USDT 3CRV $ 1.00
$ 160.93M
$ 160.93 million
+0.77%
44 USDsui USDsui $ 0.998
$ 75.02M
$ 75.02 million
-0.10%
45 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.95M
$ 63.95 million
+0.04%
46 TerraUSD UST $ 0.00580
$ 56.91M
$ 56.91 million
-1.15%
47 Anchored Coins EUR AEUR $ 1.13
$ 53.77M
$ 53.77 million
+0.05%
48 Mezo USD MUSD $ 0.997
$ 49.84M
$ 49.84 million
+0.17%
49 Liquity USD LUSD $ 0.992
$ 35.12M
$ 35.12 million
+2.41%
50 Decentralized Social DESO $ 3.20
$ 28.47M
$ 28.47 million
+4.74%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Kyrgyz Som Stablecoin KGST $ 0.0115
$ 5.14M
$ 5.14 million
+1.16%
PAX Gold PAXG $ 4,182.95
$ 1.90B
$ 1.90 billion
+0.58%
Binance USD BUSD $ 1.00
$ 56.00M
$ 56.00 million
+0.46%
Worldwide USD WUSD $ 0.997
$ 11.32M
$ 11.32 million
+0.14%
Falcon USD USDF $ 0.994
$ 2.05B
$ 2.05 billion
+0.10%
All Gainers

Market Cap

$ -- --%
Pro Chart

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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