Stablecoins

274 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 Live Price Market cap 24h
1 Tether USD USDT $ 1.000
$ 186.94B
$ 186.94 billion
-0.00%
2 USDC USDC $ 1.00
$ 75.96B
$ 75.96 billion
+0.05%
3 USDS USDS $ 0.998
$ 10.63B
$ 10.63 billion
-0.15%
4 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
-0.19%
5 Dai DAI $ 0.998
$ 5.13B
$ 5.13 billion
-0.21%
6 World Liberty Financial USD USD1 $ 0.999
$ 4.57B
$ 4.57 billion
+0.52%
7 Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
-0.05%
8 PayPal USD PYUSD $ 1.00
$ 2.87B
$ 2.87 billion
-0.04%
9 Global Dollar USDG $ 1.00
$ 2.55B
$ 2.55 billion
-0.00%
10 PAX Gold PAXG $ 4,335.02
$ 2.00B
$ 2.00 billion
+0.57%
11 Ripple USD RLUSD $ 0.999
$ 1.84B
$ 1.84 billion
-0.07%
12 USDD USDD $ 1.000
$ 1.36B
$ 1.36 billion
-0.00%
13 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
+0.09%
14 TrueUSD TUSD $ 1.00
$ 494.61M
$ 494.61 million
+0.13%
15 EURC EURC $ 1.15
$ 429.75M
$ 429.75 million
+0.36%
16 First Digital USD FDUSD $ 0.999
$ 339.18M
$ 339.18 million
+0.12%
17 Legacy Frax Dollar FRAX $ 0.995
$ 274.51M
$ 274.51 million
+0.04%
18 Agora AUSD $ 1.00
$ 136.77M
$ 136.77 million
+0.08%
19 Binance USD BUSD $ 1.00
$ 55.88M
$ 55.88 million
+0.12%
20 Quantoz USDQ USDQ $ 0.993
$ 49.48M
$ 49.48 million
-0.07%
21 XUSD XUSD $ 1.00
$ 47.99M
$ 47.99 million
+0.03%
22 EURITE EURI $ 1.15
$ 47.69M
$ 47.69 million
+0.52%
23 Pax Dollar USDP $ 1.00
$ 45.57M
$ 45.57 million
+0.04%
24 Gemini dollar GUSD $ 0.999
$ 37.67M
$ 37.67 million
-0.04%
25 Liquity USD LUSD $ 0.999
$ 35.36M
$ 35.36 million
-0.56%
26 TerraClassicUSD USTC $ 0.00625
$ 34.86M
$ 34.86 million
+5.67%
27 BOLD Stablecoin BOLD $ 1.00
$ 31.87M
$ 31.87 million
+0.06%
28 Tether America USD USAT $ 1.000
$ 20.00M
$ 20.00 million
-0.01%
29 XSGD XSGD $ 0.776
$ 15.08M
$ 15.08 million
+0.18%
30 Worldwide USD WUSD $ 0.997
$ 11.31M
$ 11.31 million
-0.25%
31 Resolv RESOLV $ 0.0182
$ 7.08M
$ 7.08 million
+4.07%
32 USD Base Coin USDBC $ 1.00
$ 6.74M
$ 6.74 million
-0.77%
33 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.09M
$ 5.09 million
+0.21%
34 Reservoir DAM $ 0.00981
$ 3.87M
$ 3.87 million
+1.65%

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

35 Curve.Fi USD Stablecoin CRVUSD $ 4.11
$ 761.53M
$ 761.53 million
+20.26%
36 Usual USD USD0 $ 0.999
$ 559.25M
$ 559.25 million
-0.00%
37 Curve.fi DAI/USDC/USDT 3CRV $ 1.03
$ 166.17M
$ 166.17 million
-2.42%
38 Resupply USD reUSD $ 2.79
$ 140.16M
$ 140.16 million
+5.11%
39 sUSD Synthetix SUSD $ 1.76
$ 93.26M
$ 93.26 million
+1.19%
40 USDsui USDsui $ 1.00
$ 75.17M
$ 75.17 million
-0.31%
41 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.95M
$ 63.95 million
+0.14%
42 TerraUSD UST $ 0.00624
$ 61.23M
$ 61.23 million
+4.93%
43 Fidelity Digital Dollar FIDD $ 1.00
$ 59.60M
$ 59.60 million
+0.14%
44 Anchored Coins EUR AEUR $ 1.15
$ 54.31M
$ 54.31 million
-0.21%
45 Mezo USD MUSD $ 1.00
$ 50.10M
$ 50.10 million
-0.29%
46 Decentralized Social DESO $ 3.34
$ 29.64M
$ 29.64 million
-8.24%
47 Bucket Protocol BUCK Stablecoin BUCK $ 0.998
$ 25.92M
$ 25.92 million
-0.08%
48 Origin Dollar OUSD $ 4.01
$ 25.52M
$ 25.52 million
+26.09%
49 Celo Dollar CUSD $ 1.46
$ 23.65M
$ 23.65 million
+36.25%
50 StablR USD USDR $ 0.892
$ 19.04M
$ 19.04 million
-4.52%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
TerraClassicUSD USTC $ 0.00625
$ 34.86M
$ 34.86 million
+5.67%
Resolv RESOLV $ 0.0182
$ 7.08M
$ 7.08 million
+4.07%
Reservoir DAM $ 0.00981
$ 3.87M
$ 3.87 million
+1.65%
PAX Gold PAXG $ 4,335.02
$ 2.00B
$ 2.00 billion
+0.57%
EURITE EURI $ 1.15
$ 47.69M
$ 47.69 million
+0.52%
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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