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 $ 1.000
$ 189.60B
$ 189.60 billion
-0.00%
2 USDC USDC $ 1.00
$ 76.48B
$ 76.48 billion
-0.08%
3 USDS USDS $ 1.00
$ 11.16B
$ 11.16 billion
+0.19%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.14%
5 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.22%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.56B
$ 4.56 billion
+0.12%
7 Ethena USDe USDE $ 1.00
$ 4.45B
$ 4.45 billion
+0.03%
8 PayPal USD PYUSD $ 1.00
$ 3.62B
$ 3.62 billion
+0.02%
9 Global Dollar USDG $ 1.00
$ 2.75B
$ 2.75 billion
-0.04%
10 PAX Gold PAXG $ 4,562.59
$ 2.15B
$ 2.15 billion
+0.82%
11 Ripple USD RLUSD $ 0.999
$ 1.76B
$ 1.76 billion
-0.22%
12 USDD USDD $ 1.00
$ 1.52B
$ 1.52 billion
-0.07%
13 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
-0.07%
14 TrueUSD TUSD $ 1.000
$ 494.35M
$ 494.35 million
-0.04%
15 EURC EURC $ 1.16
$ 440.26M
$ 440.26 million
+0.25%
16 First Digital USD FDUSD $ 0.998
$ 373.54M
$ 373.54 million
-0.02%
17 Legacy Frax Dollar FRAX $ 0.995
$ 274.42M
$ 274.42 million
+0.32%
18 Agora AUSD $ 1.00
$ 129.31M
$ 129.31 million
-0.10%
19 Binance USD BUSD $ 0.999
$ 55.75M
$ 55.75 million
-0.36%
20 EURITE EURI $ 1.16
$ 48.12M
$ 48.12 million
+0.17%
21 XUSD XUSD $ 1.00
$ 47.98M
$ 47.98 million
+0.06%
22 Pax Dollar USDP $ 1.00
$ 45.57M
$ 45.57 million
-0.04%
23 Gemini dollar GUSD $ 1.00
$ 37.70M
$ 37.70 million
-0.05%
24 TerraClassicUSD USTC $ 0.00618
$ 34.47M
$ 34.47 million
+1.74%
25 BOLD Stablecoin BOLD $ 1.00
$ 33.20M
$ 33.20 million
-0.08%
26 Tether America USD USAT $ 1.000
$ 20.00M
$ 20.00 million
+0.04%
27 XSGD XSGD $ 0.783
$ 15.03M
$ 15.03 million
+0.16%
28 Resolv RESOLV $ 0.0263
$ 10.41M
$ 10.41 million
+1.50%
29 Worldwide USD WUSD $ 0.998
$ 7.46M
$ 7.46 million
-0.06%
30 USD Base Coin USDBC $ 1.00
$ 7.39M
$ 7.39 million
+0.12%
31 Quantoz USDQ USDQ $ 1.00
$ 5.82M
$ 5.82 million
-0.01%
32 Kyrgyz Som Stablecoin KGST $ 0.0115
$ 5.11M
$ 5.11 million
-0.03%
33 Reservoir DAM $ 0.0123
$ 4.80M
$ 4.80 million
-0.30%

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

34 Curve.Fi USD Stablecoin CRVUSD $ 2.67
$ 599.24M
$ 599.24 million
-3.69%
35 Usual USD USD0 $ 0.999
$ 561.82M
$ 561.82 million
-0.03%
36 Curve.fi DAI/USDC/USDT 3CRV $ 2.60
$ 416.66M
$ 416.66 million
+147.40%
37 Mezo USD MUSD $ 2.84
$ 142.05M
$ 142.05 million
+0.01%
38 Resupply USD reUSD $ 2.70
$ 135.93M
$ 135.93 million
-3.41%
39 sUSD Synthetix SUSD $ 1.82
$ 96.67M
$ 96.67 million
-0.87%
40 TerraUSD UST $ 0.00617
$ 60.50M
$ 60.50 million
+1.76%
41 Fidelity Digital Dollar FIDD $ 1.000
$ 59.58M
$ 59.58 million
-0.01%
42 USDsui USDsui $ 1.00
$ 56.03M
$ 56.03 million
-0.01%
43 Anchored Coins EUR AEUR $ 1.15
$ 54.45M
$ 54.45 million
+0.17%
44 Liquity USD LUSD $ 1.00
$ 35.46M
$ 35.46 million
-0.44%
45 Decentralized Social DESO $ 3.81
$ 33.83M
$ 33.83 million
-2.88%
46 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.98M
$ 25.98 million
+0.03%
47 StablR USD USDR $ 0.966
$ 20.63M
$ 20.63 million
-2.97%
48 Celo Dollar CUSD $ 0.980
$ 15.77M
$ 15.77 million
+0.00%
49 Origin Dollar OUSD $ 2.77
$ 14.31M
$ 14.31 million
-2.56%
50 StablR Euro EURR $ 1.16
$ 12.98M
$ 12.98 million
+8.27%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
TerraClassicUSD USTC $ 0.00618
$ 34.47M
$ 34.47 million
+1.74%
Resolv RESOLV $ 0.0263
$ 10.41M
$ 10.41 million
+1.50%
PAX Gold PAXG $ 4,562.59
$ 2.15B
$ 2.15 billion
+0.82%
Legacy Frax Dollar FRAX $ 0.995
$ 274.42M
$ 274.42 million
+0.32%
EURC EURC $ 1.16
$ 440.26M
$ 440.26 million
+0.25%
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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