Stablecoins

271 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 $ 0.999
$ 188.13B
$ 188.13 billion
-0.05%
2 USDC USDC $ 1.00
$ 75.96B
$ 75.96 billion
-0.07%
3 USDS USDS $ 1.00
$ 11.05B
$ 11.05 billion
+0.15%
4 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
-0.16%
5 Dai DAI $ 1.00
$ 5.14B
$ 5.14 billion
-0.02%
6 World Liberty Financial USD USD1 $ 0.999
$ 4.55B
$ 4.55 billion
-0.34%
7 Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
-0.01%
8 PayPal USD PYUSD $ 1.000
$ 3.02B
$ 3.02 billion
-0.06%
9 Global Dollar USDG $ 1.00
$ 2.62B
$ 2.62 billion
+0.03%
10 PAX Gold PAXG $ 4,470.27
$ 2.08B
$ 2.08 billion
-1.40%
11 Ripple USD RLUSD $ 1.00
$ 1.70B
$ 1.70 billion
+0.09%
12 USDD USDD $ 1.00
$ 1.44B
$ 1.44 billion
+0.04%
13 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
-0.07%
14 TrueUSD TUSD $ 0.999
$ 493.99M
$ 493.99 million
-0.05%
15 EURC EURC $ 1.16
$ 429.14M
$ 429.14 million
-0.29%
16 First Digital USD FDUSD $ 0.998
$ 354.04M
$ 354.04 million
-0.13%
17 Legacy Frax Dollar FRAX $ 0.993
$ 273.93M
$ 273.93 million
-0.08%
18 Agora AUSD $ 1.00
$ 131.81M
$ 131.81 million
-0.17%
19 Binance USD BUSD $ 1.00
$ 55.85M
$ 55.85 million
-0.07%
20 EURITE EURI $ 1.16
$ 48.03M
$ 48.03 million
-0.39%
21 XUSD XUSD $ 1.00
$ 48.01M
$ 48.01 million
+0.02%
22 Pax Dollar USDP $ 1.00
$ 45.59M
$ 45.59 million
-0.03%
23 TerraClassicUSD USTC $ 0.00666
$ 37.15M
$ 37.15 million
-5.62%
24 BOLD Stablecoin BOLD $ 1.00
$ 33.86M
$ 33.86 million
+0.12%
25 Tether America USD USAT $ 0.999
$ 19.99M
$ 19.99 million
-0.03%
26 XSGD XSGD $ 0.782
$ 14.88M
$ 14.88 million
-0.19%
27 Resolv RESOLV $ 0.0221
$ 8.76M
$ 8.76 million
+2.09%
28 Worldwide USD WUSD $ 0.997
$ 7.44M
$ 7.44 million
-0.03%
29 USD Base Coin USDBC $ 0.999
$ 7.34M
$ 7.34 million
-0.90%
30 Quantoz USDQ USDQ $ 0.989
$ 5.75M
$ 5.75 million
+0.40%
31 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.08M
$ 5.08 million
+0.37%
32 Reservoir DAM $ 0.0102
$ 4.05M
$ 4.05 million
-7.41%

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

33 Curve.Fi USD Stablecoin CRVUSD $ 2.71
$ 627.91M
$ 627.91 million
+0.53%
34 Usual USD USD0 $ 0.998
$ 560.17M
$ 560.17 million
-0.05%
35 Curve.fi DAI/USDC/USDT 3CRV $ 2.17
$ 348.76M
$ 348.76 million
+1.63%
36 Mezo USD MUSD $ 2.75
$ 137.46M
$ 137.46 million
+0.98%
37 Resupply USD reUSD $ 2.72
$ 136.81M
$ 136.81 million
-0.02%
38 sUSD Synthetix SUSD $ 1.81
$ 95.82M
$ 95.82 million
-3.61%
39 USDsui USDsui $ 1.00
$ 75.31M
$ 75.31 million
+0.17%
40 Liquity USD LUSD $ 2.12
$ 75.17M
$ 75.17 million
+30.48%
41 TerraUSD UST $ 0.00670
$ 65.66M
$ 65.66 million
-4.79%
42 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.86M
$ 63.86 million
+0.01%
43 Fidelity Digital Dollar FIDD $ 1.000
$ 59.60M
$ 59.60 million
+0.04%
44 Anchored Coins EUR AEUR $ 1.15
$ 54.55M
$ 54.55 million
-0.07%
45 Gemini dollar GUSD $ 1.00
$ 37.69M
$ 37.69 million
-0.13%
46 Decentralized Social DESO $ 3.85
$ 34.20M
$ 34.20 million
-0.55%
47 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 26.00M
$ 26.00 million
+0.04%
48 StablR USD USDR $ 0.825
$ 17.62M
$ 17.62 million
-13.19%
49 Origin Dollar OUSD $ 2.75
$ 16.20M
$ 16.20 million
+1.54%
50 Celo Dollar CUSD $ 1.00
$ 16.01M
$ 16.01 million
-7.18%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0221
$ 8.76M
$ 8.76 million
+2.09%
Quantoz USDQ USDQ $ 0.989
$ 5.75M
$ 5.75 million
+0.40%
Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.08M
$ 5.08 million
+0.37%
USDS USDS $ 1.00
$ 11.05B
$ 11.05 billion
+0.15%
BOLD Stablecoin BOLD $ 1.00
$ 33.86M
$ 33.86 million
+0.12%
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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