Stablecoins

312 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 $ 1.00
$ 183.27B
$ 183.27 billion
+0.00%
2 USDC USDC $ 1.00
$ 72.18B
$ 72.18 billion
-0.02%
3 USDS USDS $ 1.00
$ 9.73B
$ 9.73 billion
-0.01%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.18B
$ 9.18 billion
-1.17%
5 Dai DAI $ 1.00
$ 5.24B
$ 5.24 billion
-0.12%
6 World Liberty Financial USD USD1 $ 1.000
$ 3.97B
$ 3.97 billion
-0.02%
7 Ethena Staked USDe sUSDe $ 1.25
$ 3.89B
$ 3.89 billion
+0.34%
8 Ethena USDe USDE $ 1.00
$ 3.86B
$ 3.86 billion
-0.01%
9 Global Dollar USDG $ 1.00
$ 3.44B
$ 3.44 billion
-0.02%
10 PayPal USD PYUSD $ 1.00
$ 2.71B
$ 2.71 billion
-0.04%
11 Ondo US Dollar Yield USDY $ 1.14
$ 2.15B
$ 2.15 billion
+0.09%
12 Ripple USD RLUSD $ 1.000
$ 1.83B
$ 1.83 billion
-0.15%
13 PAX Gold PAXG $ 4,056.42
$ 1.79B
$ 1.79 billion
-0.05%
14 USDD USDD $ 1.00
$ 1.59B
$ 1.59 billion
+0.03%
15 Falcon USD USDF $ 0.995
$ 1.26B
$ 1.26 billion
+0.03%
16 United Stables U $ 1.00
$ 1.11B
$ 1.11 billion
-0.03%
17 Gho Token GHO $ 0.998
$ 647.63M
$ 647.63 million
+0.12%
18 TrueUSD TUSD $ 0.996
$ 492.62M
$ 492.62 million
-0.02%
19 EURC EURC $ 1.15
$ 446.16M
$ 446.16 million
-0.18%
20 First Digital USD FDUSD $ 1.00
$ 349.44M
$ 349.44 million
+0.01%
21 Agora AUSD $ 1.000
$ 240.89M
$ 240.89 million
-0.00%
22 Curve.Fi USD Stablecoin CRVUSD $ 0.988
$ 210.02M
$ 210.02 million
+1.01%
23 Tether America USD USAT $ 0.999
$ 185.34M
$ 185.34 million
+0.00%
24 XUSD XUSD $ 1.00
$ 45.24M
$ 45.24 million
+0.00%
25 Binance USD BUSD $ 1.00
$ 37.82M
$ 37.82 million
-2.25%
26 EURITE EURI $ 1.15
$ 36.78M
$ 36.78 million
-0.17%
27 Gemini dollar GUSD $ 1.00
$ 29.66M
$ 29.66 million
-0.03%
28 Pax Dollar USDP $ 1.000
$ 29.64M
$ 29.64 million
-0.03%
29 TerraClassicUSD USTC $ 0.00498
$ 27.77M
$ 27.77 million
+0.92%
30 XSGD XSGD $ 0.779
$ 11.83M
$ 11.83 million
-0.06%
31 FUSD FUSD $ 1.000
$ 11.40M
$ 11.40 million
+0.00%
32 Resolv RESOLV $ 0.0159
$ 7.24M
$ 7.24 million
+1.29%
33 Quantoz USDQ USDQ $ 0.987
$ 5.66M
$ 5.66 million
-0.01%
34 USD Base Coin USDBC $ 1.01
$ 5.59M
$ 5.59 million
-18.09%
35 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.52M
$ 5.52 million
+0.01%
36 Quantoz EURQ EURQ $ 1.13
$ 5.21M
$ 5.21 million
-0.29%
37 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.37M
$ 2.37 million
+0.06%

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

38 Usual USD USD0 $ 0.999
$ 556.06M
$ 556.06 million
-0.09%
39 Ethena Labs (USDTb) USDTb $ 1.00
$ 353.17M
$ 353.17 million
+0.00%
40 Legacy Frax Dollar FRAX $ 0.993
$ 217.69M
$ 217.69 million
+0.18%
41 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 159.39M
$ 159.39 million
-0.08%
42 STASIS EURO EURS $ 1.20
$ 148.51M
$ 148.51 million
-0.60%
43 TerraUSD UST $ 0.0102
$ 123.92M
$ 123.92 million
-45.79%
44 Lista USD lisUSD $ 0.998
$ 67.13M
$ 67.13 million
+0.13%
45 USDsui USDsui $ 1.000
$ 66.85M
$ 66.85 million
+0.19%
46 f(x) USD fxUSD $ 0.997
$ 63.58M
$ 63.58 million
+0.42%
47 Mezo USD MUSD $ 0.993
$ 49.65M
$ 49.65 million
+1.29%
48 Fidelity Digital Dollar FIDD $ 1.000
$ 48.87M
$ 48.87 million
+0.03%
49 Resupply USD reUSD $ 0.992
$ 32.51M
$ 32.51 million
-0.33%
50 BOLD Stablecoin BOLD $ 1.00
$ 30.02M
$ 30.02 million
-0.01%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0159
$ 7.24M
$ 7.24 million
+1.29%
Curve.Fi USD Stablecoin CRVUSD $ 0.988
$ 210.02M
$ 210.02 million
+1.01%
TerraClassicUSD USTC $ 0.00498
$ 27.77M
$ 27.77 million
+0.92%
Ethena Staked USDe sUSDe $ 1.25
$ 3.89B
$ 3.89 billion
+0.34%
Gho Token GHO $ 0.998
$ 647.63M
$ 647.63 million
+0.12%
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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