Stablecoins

285 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
$ 186.31B
$ 186.31 billion
-0.02%
2 USDC USDC $ 1.00
$ 73.83B
$ 73.83 billion
+0.02%
3 USDS USDS $ 1.000
$ 10.34B
$ 10.34 billion
-0.04%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.99B
$ 8.99 billion
+0.08%
5 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
-0.12%
6 World Liberty Financial USD USD1 $ 1.000
$ 4.59B
$ 4.59 billion
-0.37%
7 Ethena USDe USDE $ 0.990
$ 4.41B
$ 4.41 billion
-0.90%
8 Global Dollar USDG $ 1.00
$ 2.93B
$ 2.93 billion
-0.02%
9 PayPal USD PYUSD $ 1.00
$ 2.74B
$ 2.74 billion
-0.08%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
+0.08%
11 Falcon USD USDF $ 0.996
$ 2.05B
$ 2.05 billion
+0.37%
12 Ripple USD RLUSD $ 1.000
$ 1.90B
$ 1.90 billion
-0.11%
13 PAX Gold PAXG $ 4,014.60
$ 1.82B
$ 1.82 billion
-1.47%
14 USDD USDD $ 1.000
$ 1.38B
$ 1.38 billion
+0.01%
15 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
+0.00%
16 Gho Token GHO $ 0.999
$ 598.46M
$ 598.46 million
+0.01%
17 Usual USD USD0 $ 0.999
$ 556.86M
$ 556.86 million
+0.20%
18 TrueUSD TUSD $ 0.998
$ 493.33M
$ 493.33 million
+0.03%
19 EURC EURC $ 1.14
$ 433.54M
$ 433.54 million
+0.31%
20 First Digital USD FDUSD $ 0.998
$ 349.38M
$ 349.38 million
-0.02%
21 Legacy Frax Dollar FRAX $ 0.987
$ 236.45M
$ 236.45 million
-0.61%
22 Agora AUSD $ 0.985
$ 170.15M
$ 170.15 million
+0.10%
23 Binance USD BUSD $ 1.00
$ 55.92M
$ 55.92 million
+0.05%
24 Quantoz USDQ USDQ $ 0.979
$ 48.80M
$ 48.80 million
-0.12%
25 XUSD XUSD $ 1.00
$ 48.02M
$ 48.02 million
+0.01%
26 EURITE EURI $ 1.12
$ 46.30M
$ 46.30 million
-1.48%
27 Pax Dollar USDP $ 1.00
$ 45.57M
$ 45.57 million
-0.07%
28 Gemini dollar GUSD $ 1.00
$ 37.72M
$ 37.72 million
-0.02%
29 TerraClassicUSD USTC $ 0.00553
$ 30.82M
$ 30.82 million
+1.72%
30 BOLD Stablecoin BOLD $ 1.000
$ 30.37M
$ 30.37 million
-0.03%
31 Tether America USD USAT $ 0.999
$ 19.99M
$ 19.99 million
-0.02%
32 Quantoz EURQ EURQ $ 1.12
$ 15.37M
$ 15.37 million
-0.02%
33 XSGD XSGD $ 0.767
$ 11.87M
$ 11.87 million
-0.50%
34 Worldwide USD WUSD $ 0.996
$ 11.30M
$ 11.30 million
+0.03%
35 Resolv RESOLV $ 0.0200
$ 8.53M
$ 8.53 million
+6.65%
36 USD Base Coin USDBC $ 1.00
$ 6.33M
$ 6.33 million
+0.20%
37 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.10M
$ 5.10 million
+0.20%
38 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.36M
$ 2.36 million
+0.04%

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

39 Curve.Fi USD Stablecoin CRVUSD $ 16.31
$ 2.81B
$ 2.81 billion
-3.39%
40 Curve.fi DAI/USDC/USDT 3CRV $ 10.70
$ 1.72B
$ 1.72 billion
+19.90%
41 Ethena Labs (USDTb) USDTb $ 1.000
$ 916.68M
$ 916.68 million
+0.01%
42 Mezo USD MUSD $ 15.87
$ 793.56M
$ 793.56 million
+73.78%
43 Resupply USD reUSD $ 9.51
$ 478.54M
$ 478.54 million
-1.83%
44 Liquity USD LUSD $ 10.22
$ 361.60M
$ 361.60 million
+16.86%
45 Origin Dollar OUSD $ 16.22
$ 120.01M
$ 120.01 million
+6.02%
46 USDsui USDsui $ 1.000
$ 75.06M
$ 75.06 million
-0.05%
47 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.92M
$ 63.92 million
+0.01%
48 Fidelity Digital Dollar FIDD $ 0.999
$ 59.54M
$ 59.54 million
-0.18%
49 TerraUSD UST $ 0.00547
$ 53.66M
$ 53.66 million
+1.01%
50 Anchored Coins EUR AEUR $ 1.12
$ 53.29M
$ 53.29 million
+0.61%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0200
$ 8.53M
$ 8.53 million
+6.65%
TerraClassicUSD USTC $ 0.00553
$ 30.82M
$ 30.82 million
+1.72%
Falcon USD USDF $ 0.996
$ 2.05B
$ 2.05 billion
+0.37%
EURC EURC $ 1.14
$ 433.54M
$ 433.54 million
+0.31%
Usual USD USD0 $ 0.999
$ 556.86M
$ 556.86 million
+0.20%
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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