Stablecoins

287 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
$ 184.33B
$ 184.33 billion
-0.00%
2 USDC USDC $ 1.00
$ 73.16B
$ 73.16 billion
-0.03%
3 USDS USDS $ 1.00
$ 10.06B
$ 10.06 billion
-0.04%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.19B
$ 9.19 billion
+2.27%
5 Dai DAI $ 0.998
$ 5.14B
$ 5.14 billion
-0.27%
6 World Liberty Financial USD USD1 $ 0.999
$ 4.52B
$ 4.52 billion
-0.05%
7 Ethena USDe USDE $ 0.999
$ 4.45B
$ 4.45 billion
-0.02%
8 Global Dollar USDG $ 1.00
$ 3.15B
$ 3.15 billion
+0.00%
9 PayPal USD PYUSD $ 0.999
$ 2.85B
$ 2.85 billion
-0.07%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.15B
$ 2.15 billion
-0.22%
11 Falcon USD USDF $ 0.997
$ 2.05B
$ 2.05 billion
+0.11%
12 Ripple USD RLUSD $ 1.000
$ 1.93B
$ 1.93 billion
+0.07%
13 PAX Gold PAXG $ 4,158.03
$ 1.88B
$ 1.88 billion
-0.39%
14 USDD USDD $ 0.999
$ 1.42B
$ 1.42 billion
+0.14%
15 United Stables U $ 1.00
$ 1.07B
$ 1.07 billion
-0.03%
16 Gho Token GHO $ 0.999
$ 598.60M
$ 598.60 million
+0.05%
17 TrueUSD TUSD $ 0.999
$ 493.92M
$ 493.92 million
+0.00%
18 EURC EURC $ 1.14
$ 434.66M
$ 434.66 million
+0.06%
19 First Digital USD FDUSD $ 1.00
$ 349.50M
$ 349.50 million
-0.00%
20 Legacy Frax Dollar FRAX $ 0.990
$ 237.24M
$ 237.24 million
-0.06%
21 Agora AUSD $ 0.996
$ 171.57M
$ 171.57 million
+0.25%
22 Binance USD BUSD $ 1.00
$ 55.77M
$ 55.77 million
-0.23%
23 EURITE EURI $ 1.14
$ 49.67M
$ 49.67 million
+0.04%
24 Quantoz USDQ USDQ $ 0.991
$ 49.35M
$ 49.35 million
+0.78%
25 XUSD XUSD $ 1.00
$ 47.98M
$ 47.98 million
-0.04%
26 Pax Dollar USDP $ 1.00
$ 45.56M
$ 45.56 million
+0.02%
27 Gemini dollar GUSD $ 1.00
$ 36.32M
$ 36.32 million
-0.05%
28 TerraClassicUSD USTC $ 0.00566
$ 31.56M
$ 31.56 million
-0.29%
29 BOLD Stablecoin BOLD $ 0.999
$ 30.56M
$ 30.56 million
-0.07%
30 Tether America USD USAT $ 1.000
$ 19.99M
$ 19.99 million
+0.01%
31 Quantoz EURQ EURQ $ 1.13
$ 15.47M
$ 15.47 million
-0.36%
32 XSGD XSGD $ 0.772
$ 11.66M
$ 11.66 million
-0.27%
33 Worldwide USD WUSD $ 0.997
$ 11.32M
$ 11.32 million
+0.09%
34 FUSD FUSD $ 0.998
$ 10.68M
$ 10.68 million
-0.02%
35 Resolv RESOLV $ 0.0237
$ 10.07M
$ 10.07 million
-1.27%
36 USD Base Coin USDBC $ 0.998
$ 6.18M
$ 6.18 million
+0.26%
37 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.09M
$ 5.09 million
-0.00%
38 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.36M
$ 2.36 million
+0.00%

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

39 Curve.Fi USD Stablecoin CRVUSD $ 15.51
$ 2.68B
$ 2.68 billion
-4.68%
40 Curve.fi DAI/USDC/USDT 3CRV $ 15.68
$ 2.42B
$ 2.42 billion
-5.23%
41 Ethena Labs (USDTb) USDTb $ 1.00
$ 917.08M
$ 917.08 million
-0.02%
42 Resupply USD reUSD $ 14.19
$ 714.26M
$ 714.26 million
-3.77%
43 Usual USD USD0 $ 0.999
$ 556.75M
$ 556.75 million
+0.00%
44 Liquity USD LUSD $ 13.78
$ 487.73M
$ 487.73 million
-13.84%
45 Origin Dollar OUSD $ 16.25
$ 120.74M
$ 120.74 million
-1.01%
46 USDsui USDsui $ 1.000
$ 66.85M
$ 66.85 million
-0.13%
47 Fidelity Digital Dollar FIDD $ 1.01
$ 60.21M
$ 60.21 million
+1.06%
48 TerraUSD UST $ 0.00565
$ 55.59M
$ 55.59 million
+0.39%
49 Anchored Coins EUR AEUR $ 1.14
$ 53.92M
$ 53.92 million
+1.15%
50 sUSD Synthetix SUSD $ 0.637
$ 31.39M
$ 31.39 million
+15.33%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.19B
$ 9.19 billion
+2.27%
Quantoz USDQ USDQ $ 0.991
$ 49.35M
$ 49.35 million
+0.78%
USD Base Coin USDBC $ 0.998
$ 6.18M
$ 6.18 million
+0.26%
Agora AUSD $ 0.996
$ 171.57M
$ 171.57 million
+0.25%
USDD USDD $ 0.999
$ 1.42B
$ 1.42 billion
+0.14%
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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