Stablecoins

289 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
$ 184.28B
$ 184.28 billion
-0.01%
2 USDC USDC $ 1.00
$ 73.18B
$ 73.18 billion
+0.09%
3 USDS USDS $ 1.00
$ 10.96B
$ 10.96 billion
+0.02%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.13B
$ 9.13 billion
+5.05%
5 Dai DAI $ 1.00
$ 5.33B
$ 5.33 billion
-0.13%
6 World Liberty Financial USD USD1 $ 1.000
$ 4.45B
$ 4.45 billion
+0.05%
7 Ethena USDe USDE $ 1.00
$ 4.24B
$ 4.24 billion
+0.01%
8 Global Dollar USDG $ 1.00
$ 3.14B
$ 3.14 billion
-0.01%
9 PayPal USD PYUSD $ 1.00
$ 2.85B
$ 2.85 billion
+0.04%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
+0.08%
11 Ripple USD RLUSD $ 1.000
$ 1.94B
$ 1.94 billion
+0.05%
12 PAX Gold PAXG $ 4,002.06
$ 1.80B
$ 1.80 billion
-1.81%
13 USDD USDD $ 1.000
$ 1.42B
$ 1.42 billion
+0.04%
14 Falcon USD USDF $ 0.997
$ 1.26B
$ 1.26 billion
-0.08%
15 United Stables U $ 1.00
$ 1.03B
$ 1.03 billion
+0.15%
16 Curve.Fi USD Stablecoin CRVUSD $ 3.23
$ 665.52M
$ 665.52 million
+228.24%
17 Gho Token GHO $ 0.998
$ 598.10M
$ 598.10 million
-0.05%
18 TrueUSD TUSD $ 0.998
$ 493.48M
$ 493.48 million
-0.06%
19 EURC EURC $ 1.14
$ 422.96M
$ 422.96 million
+0.11%
20 First Digital USD FDUSD $ 1.00
$ 347.46M
$ 347.46 million
+0.07%
21 Legacy Frax Dollar FRAX $ 0.992
$ 237.55M
$ 237.55 million
-0.05%
22 Agora AUSD $ 0.975
$ 166.96M
$ 166.96 million
-0.97%
23 Binance USD BUSD $ 1.00
$ 55.38M
$ 55.38 million
-0.74%
24 XUSD XUSD $ 1.00
$ 49.54M
$ 49.54 million
+0.05%
25 Quantoz USDQ USDQ $ 0.986
$ 49.14M
$ 49.14 million
+0.13%
26 EURITE EURI $ 1.14
$ 37.53M
$ 37.53 million
-0.14%
27 TerraClassicUSD USTC $ 0.00538
$ 30.00M
$ 30.00 million
-2.38%
28 Gemini dollar GUSD $ 1.00
$ 29.79M
$ 29.79 million
+0.10%
29 Pax Dollar USDP $ 1.00
$ 29.65M
$ 29.65 million
-0.00%
30 BOLD Stablecoin BOLD $ 1.00
$ 28.92M
$ 28.92 million
+0.05%
31 Tether America USD USAT $ 1.000
$ 17.99M
$ 17.99 million
+0.00%
32 XSGD XSGD $ 0.772
$ 11.67M
$ 11.67 million
-0.16%
33 FUSD FUSD $ 1.000
$ 10.80M
$ 10.80 million
+0.04%
34 Worldwide USD WUSD $ 0.995
$ 10.49M
$ 10.49 million
-0.02%
35 Resolv RESOLV $ 0.0194
$ 8.32M
$ 8.32 million
-1.73%
36 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.51M
$ 5.51 million
+0.10%
37 Quantoz EURQ EURQ $ 1.13
$ 5.26M
$ 5.26 million
+0.01%
38 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.42M
$ 2.42 million
-0.01%

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

39 Ethena Labs (USDTb) USDTb $ 1.00
$ 727.70M
$ 727.70 million
+0.01%
40 Usual USD USD0 $ 0.999
$ 556.61M
$ 556.61 million
+0.11%
41 USD Base Coin USDBC $ 35.86
$ 216.23M
$ 216.23 million
+239.72%
42 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 160.69M
$ 160.69 million
-0.31%
43 USDsui USDsui $ 0.999
$ 66.81M
$ 66.81 million
-0.17%
44 Anchored Coins EUR AEUR $ 1.13
$ 53.76M
$ 53.76 million
-0.54%
45 Mezo USD MUSD $ 0.994
$ 49.69M
$ 49.69 million
-72.85%
46 Fidelity Digital Dollar FIDD $ 1.00
$ 49.60M
$ 49.60 million
-0.05%
47 sUSD Synthetix SUSD $ 0.644
$ 31.74M
$ 31.74 million
-5.27%
48 Liquity USD LUSD $ 1.01
$ 28.32M
$ 28.32 million
-0.42%
49 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.99M
$ 25.99 million
+0.03%
50 Origin Dollar OUSD $ 3.34
$ 24.83M
$ 24.83 million
-8.67%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Curve.Fi USD Stablecoin CRVUSD $ 3.23
$ 665.52M
$ 665.52 million
+228.24%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.30B
$ 9.30 billion
+7.01%
United Stables U $ 1.00
$ 1.03B
$ 1.03 billion
+0.15%
Quantoz USDQ USDQ $ 0.986
$ 49.14M
$ 49.14 million
+0.13%
EURC EURC $ 1.14
$ 422.99M
$ 422.99 million
+0.11%
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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