Stablecoins

229 coins #12

Stablecoins are digital currencies backed by things like regular money or commodities, which means they have a steady value. More

Download
# Coins Price Market cap 24h
1 Tether USD USDT $ 1.000
$ 187.31B
$ 187.31 billion
-0.01%
2 USDC USDC $ 1.00
$ 75.48B
$ 75.48 billion
+0.05%
3 USDS USDS $ 0.993
$ 9.26B
$ 9.26 billion
-0.59%
4 Ethena USDe USDE $ 0.999
$ 6.31B
$ 6.31 billion
-0.04%
5 Dai DAI $ 1.00
$ 4.98B
$ 4.98 billion
-0.03%
6 PayPal USD PYUSD $ 1.00
$ 3.73B
$ 3.73 billion
+0.00%
7 World Liberty Financial USD USD1 $ 1.00
$ 3.28B
$ 3.28 billion
+0.04%
8 PAX Gold PAXG $ 4,330.58
$ 1.59B
$ 1.59 billion
-1.14%
9 Global Dollar USDG $ 1.00
$ 1.53B
$ 1.53 billion
+0.02%
10 Ripple USD RLUSD $ 1.00
$ 1.34B
$ 1.34 billion
+0.06%
11 First Digital USD FDUSD $ 0.999
$ 516.02M
$ 516.02 million
+0.03%
12 USDD USDD $ 0.999
$ 515.22M
$ 515.22 million
-0.12%
13 TrueUSD TUSD $ 0.997
$ 492.96M
$ 492.96 million
-0.04%
14 EURC EURC $ 1.18
$ 285.47M
$ 285.47 million
-0.02%
15 Legacy Frax Dollar FRAX $ 0.992
$ 277.90M
$ 277.90 million
-0.19%
16 Agora AUSD $ 1.000
$ 188.48M
$ 188.48 million
-0.27%
17 Curve.Fi USD Stablecoin CRVUSD $ 1.00
$ 148.23M
$ 148.23 million
+0.28%
18 DOLA DOLA $ 0.997
$ 126.90M
$ 126.90 million
-0.23%
19 Binance USD BUSD $ 1.00
$ 56.28M
$ 56.28 million
+0.37%
20 sUSD Synthetix SUSD $ 0.812
$ 50.96M
$ 50.96 million
-5.68%
21 EURITE EURI $ 1.17
$ 49.16M
$ 49.16 million
-0.06%
22 Gemini dollar GUSD $ 1.00
$ 46.19M
$ 46.19 million
+0.08%
23 Pax Dollar USDP $ 1.00
$ 45.58M
$ 45.58 million
-0.01%
24 Liquity USD LUSD $ 1.00
$ 35.94M
$ 35.94 million
+0.04%
25 TerraClassicUSD USTC $ 0.00635
$ 35.46M
$ 35.46 million
+4.04%
26 Resolv RESOLV $ 0.0699
$ 24.44M
$ 24.44 million
-3.87%
27 XUSD XUSD $ 1.00
$ 21.49M
$ 21.49 million
-0.03%
28 XSGD XSGD $ 0.779
$ 13.07M
$ 13.07 million
-0.05%
29 StablR Euro EURR $ 1.17
$ 12.57M
$ 12.57 million
+0.01%
30 Worldwide USD WUSD $ 1.00
$ 11.75M
$ 11.75 million
-0.01%
31 USD Base Coin USDBC $ 1.00
$ 8.53M
$ 8.53 million
+0.01%
32 Reservoir DAM $ 0.0268
$ 8.25M
$ 8.25 million
+5.23%
33 StablR USD USDR $ 0.992
$ 7.54M
$ 7.54 million
-0.21%
34 Quantoz USDQ USDQ $ 1.00
$ 6.67M
$ 6.67 million
+0.06%

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

35 Usual USD USD0 $ 0.998
$ 562.07M
$ 562.07 million
-0.01%
36 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 167.56M
$ 167.56 million
+0.03%
37 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 64.06M
$ 64.06 million
-0.02%
38 TerraUSD UST $ 0.00648
$ 63.58M
$ 63.58 million
+5.27%
39 Anchored Coins EUR AEUR $ 1.15
$ 54.38M
$ 54.38 million
-0.30%
40 Resupply USD reUSD $ 0.991
$ 50.70M
$ 50.70 million
-0.02%
41 Decentralized Social DESO $ 4.99
$ 44.34M
$ 44.34 million
-0.77%
42 BOLD Stablecoin BOLD $ 0.999
$ 40.41M
$ 40.41 million
+0.00%
43 Euro Tether EURT $ 0.703
$ 28.13M
$ 28.13 million
+3.32%
44 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.94M
$ 25.94 million
+0.02%
45 Celo Dollar CUSD $ 1.00
$ 15.40M
$ 15.40 million
+0.19%
46 Fei Protocol FEI $ 1.07
$ 3.62M
$ 3.62 million
+7.49%
47 Vai VAI $ 0.999
$ 2.42M
$ 2.42 million
-0.09%
48 Level USD LVLUSD $ 1.000
$ 1.25M
$ 1.25 million
-0.00%
49 Origin Dollar OUSD $ 0.994
$ 530,879
$ 530,879
-0.43%
50 Rupiah Token IDRT $ --
$ --
$ --
--%
Download

Trending Stablecoins

Top gainers
Coins Price Market cap 24h
Reservoir DAM $ 0.0268
$ 8.25M
$ 8.25 million
+5.23%
TerraClassicUSD USTC $ 0.00635
$ 35.46M
$ 35.46 million
+4.04%
Binance USD BUSD $ 1.00
$ 56.28M
$ 56.28 million
+0.37%
Curve.Fi USD Stablecoin CRVUSD $ 1.00
$ 148.23M
$ 148.23 million
+0.28%
Gemini dollar GUSD $ 1.00
$ 46.19M
$ 46.19 million
+0.08%
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.

Useful / Related Links