Stablecoins

234 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 $ 0.999
$ 183.37B
$ 183.37 billion
-0.10%
2 USDC USDC $ 1.00
$ 75.31B
$ 75.31 billion
+0.07%
3 USDS USDS $ 0.998
$ 9.98B
$ 9.98 billion
+0.02%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.98B
$ 8.98 billion
+0.58%
5 Ethena USDe USDE $ 0.999
$ 6.14B
$ 6.14 billion
-0.03%
6 Dai DAI $ 1.000
$ 5.14B
$ 5.14 billion
+0.05%
7 World Liberty Financial USD USD1 $ 0.999
$ 5.01B
$ 5.01 billion
+0.02%
8 PayPal USD PYUSD $ 1.00
$ 4.20B
$ 4.20 billion
+0.09%
9 PAX Gold PAXG $ 5,297.19
$ 2.51B
$ 2.51 billion
+1.90%
10 Global Dollar USDG $ 1.00
$ 1.77B
$ 1.77 billion
+0.05%
11 Ripple USD RLUSD $ 0.999
$ 1.42B
$ 1.42 billion
-0.04%
12 USDD USDD $ 1.000
$ 1.13B
$ 1.13 billion
-0.00%
13 United Stables U $ 1.000
$ 664.83M
$ 664.83 million
-0.01%
14 TrueUSD TUSD $ 0.999
$ 493.90M
$ 493.90 million
-0.05%
15 EURC EURC $ 1.18
$ 450.28M
$ 450.28 million
+0.10%
16 First Digital USD FDUSD $ 1.000
$ 380.23M
$ 380.23 million
-0.06%
17 Curve.Fi USD Stablecoin CRVUSD $ 0.968
$ 281.56M
$ 281.56 million
-1.07%
18 Legacy Frax Dollar FRAX $ 0.992
$ 273.94M
$ 273.94 million
+0.04%
19 Agora AUSD $ 1.00
$ 178.26M
$ 178.26 million
+0.26%
20 Binance USD BUSD $ 0.969
$ 54.13M
$ 54.13 million
-2.94%
21 EURITE EURI $ 1.18
$ 48.88M
$ 48.88 million
+0.10%
22 Gemini dollar GUSD $ 0.999
$ 47.05M
$ 47.05 million
-0.13%
23 Pax Dollar USDP $ 1.000
$ 45.55M
$ 45.55 million
-0.01%
24 sUSD Synthetix SUSD $ 0.814
$ 42.81M
$ 42.81 million
-1.85%
25 TerraClassicUSD USTC $ 0.00526
$ 29.36M
$ 29.36 million
+8.41%
26 XUSD XUSD $ 1.00
$ 25.28M
$ 25.28 million
-0.01%
27 Resolv RESOLV $ 0.0603
$ 22.35M
$ 22.35 million
-4.62%
28 Tether America USD USAT $ 1.000
$ 19.99M
$ 19.99 million
+0.10%
29 XSGD XSGD $ 0.790
$ 13.63M
$ 13.63 million
-0.12%
30 StablR Euro EURR $ 1.17
$ 13.09M
$ 13.09 million
-0.00%
31 Worldwide USD WUSD $ 1.000
$ 11.34M
$ 11.34 million
-0.01%
32 Reservoir DAM $ 0.0248
$ 8.44M
$ 8.44 million
+6.86%
33 USD Base Coin USDBC $ 1.00
$ 7.13M
$ 7.13 million
+0.28%
34 StablR USD USDR $ 0.998
$ 6.82M
$ 6.82 million
+0.03%
35 Quantoz USDQ USDQ $ 0.999
$ 6.16M
$ 6.16 million
+0.03%

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

36 Usual USD USD0 $ 0.998
$ 572.43M
$ 572.43 million
-0.00%
37 Curve.fi DAI/USDC/USDT 3CRV $ 0.984
$ 157.90M
$ 157.90 million
-5.18%
38 Resupply USD reUSD $ 2.53
$ 127.34M
$ 127.34 million
-9.14%
39 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.40M
$ 63.40 million
+0.06%
40 Anchored Coins EUR AEUR $ 1.17
$ 55.31M
$ 55.31 million
-0.12%
41 TerraUSD UST $ 0.00533
$ 52.24M
$ 52.24 million
+12.57%
42 Decentralized Social DESO $ 5.42
$ 48.16M
$ 48.16 million
-0.40%
43 BOLD Stablecoin BOLD $ 1.00
$ 39.19M
$ 39.19 million
+0.02%
44 Liquity USD LUSD $ 1.00
$ 35.64M
$ 35.64 million
-0.06%
45 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 26.10M
$ 26.10 million
+0.32%
46 Celo Dollar CUSD $ 1.00
$ 14.44M
$ 14.44 million
+0.00%
47 Origin Dollar OUSD $ 1.000
$ 6.84M
$ 6.84 million
-0.01%
48 Fei Protocol FEI $ 1.02
$ 3.47M
$ 3.47 million
+0.63%
49 Vai VAI $ 1.000
$ 2.56M
$ 2.56 million
+0.07%
50 Euro Tether EURT $ 0.0636
$ 2.54M
$ 2.54 million
+40.19%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
TerraClassicUSD USTC $ 0.00526
$ 29.36M
$ 29.36 million
+8.41%
Reservoir DAM $ 0.0248
$ 8.44M
$ 8.44 million
+6.86%
PAX Gold PAXG $ 5,297.19
$ 2.51B
$ 2.51 billion
+1.90%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.98B
$ 8.98 billion
+0.58%
USD Base Coin USDBC $ 1.00
$ 7.13M
$ 7.13 million
+0.28%
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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