Stablecoins

260 coins #11 Page 2

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 Price Market cap 24h

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

51 Maya Preferred MPRD $ 174,257.46
$ 34.85T
$ 34.85 trillion
-1.38%
52 USDCX USDCX $ 1.00
$ 202.43B
$ 202.43 billion
+0.02%
53 Blynex USD USDB $ 1.02
$ 102.31B
$ 102.31 billion
-19.00%
54 ZEDXION USDZ $ 0.999
$ 86.92B
$ 86.92 billion
+24.87%
55 JUSD Stable Token JUSD $ 1.00
$ 50.00B
$ 50.00 billion
-0.00%
56 Tether USD Bridged Wormhole USDTR $ 1.04
$ 28.03B
$ 28.03 billion
-19.14%
57 Tedra USD 2.0 USD.T $ 0.0801
$ 8.01B
$ 8.01 billion
-92.00%
58 Royal Euro REUR $ 1.17
$ 5.86B
$ 5.86 billion
-0.10%
59 Savings USDS SUSDS $ 1.94
$ 5.54B
$ 5.54 billion
-1.93%
60 Dephaser JPY JPYT $ 160.97
$ 2.20B
$ 2.20 billion
-0.00%
61 Lydia USAD $ 1.00
$ 2.16B
$ 2.16 billion
-0.08%
62 BFUSD BFUSD $ 1.000
$ 1.47B
$ 1.47 billion
+0.01%
63 Verified Stable Dollar VSD $ 1.000
$ 1.42B
$ 1.42 billion
-0.00%
64 USAD USAD $ 0.952
$ 1.00B
$ 1.00 billion
+2.25%
65 Royal Dollar RUSD $ 1.00
$ 1.00B
$ 1.00 billion
+0.04%
66 DXBDT DXBDT $ 1.000
$ 999.86M
$ 999.86 million
-0.00%
67 USDai USDAI $ 1.00
$ 516.60M
$ 516.60 million
+0.06%
68 GUSD GUSD $ 1.00
$ 320.11M
$ 320.11 million
+0.06%
69 Staked USDai SUSDAI $ 1.08
$ 253.87M
$ 253.87 million
+0.02%
70 Frax USD FRXUSD $ 1.94
$ 205.34M
$ 205.34 million
-3.93%
71 infiniFi USD iUSD $ 0.999
$ 182.57M
$ 182.57 million
-0.07%
72 DOLA DOLA $ 1.77
$ 116.13M
$ 116.13 million
-2.68%
73 MNEE USD Stablecoin MNEE $ 1.00
$ 101.80M
$ 101.80 million
-0.04%
74 Sonic USD SCUSD $ 1.94
$ 82.63M
$ 82.63 million
-1.10%
75 Fidelity Digital Dollar FIDD $ 1.00
$ 59.66M
$ 59.66 million
+0.08%
76 EUR CoinVertible EURCV $ 1.17
$ 56.48M
$ 56.48 million
-0.04%
77 USDsui USDsui $ 1.00
$ 56.06M
$ 56.06 million
+0.11%
78 Electronic USD eUSD $ 1.90
$ 55.00M
$ 55.00 million
-3.80%
79 OSL Group’s U.S. dollar USDGO $ 1.00
$ 50.02M
$ 50.02 million
-0.02%
80 USD Neutrino USDN $ 0.0766
$ 48.81M
$ 48.81 million
-3.78%
81 XT Stablecoin XTUSD $ 1.000
$ 32.80M
$ 32.80 million
-0.01%
82 Silver Token XAGX $ 75.36
$ 18.85M
$ 18.85 million
+1.73%
83 Precious Metals USD pmUSD $ 1.89
$ 18.06M
$ 18.06 million
-4.18%
84 JPY Coin JPYC $ 0.00748
$ 17.58M
$ 17.58 million
+0.80%
85 USD Universal USDU $ 1.00
$ 15.55M
$ 15.55 million
-0.00%
86 Hylo USD HYUSD $ 1.000
$ 14.56M
$ 14.56 million
+0.03%
87 eSui Dollar suiUSDe $ 1.00
$ 13.91M
$ 13.91 million
+0.29%
88 MAI MIMATIC $ 0.990
$ 12.17M
$ 12.17 million
+0.05%
89 USDM USDM $ 1.00
$ 12.04M
$ 12.04 million
-0.17%
90 Jupiter USD JupUSD $ 1.00
$ 11.71M
$ 11.71 million
+0.02%
91 USDA USDA $ 0.990
$ 10.05M
$ 10.05 million
-1.07%
92 FUSD FUSD $ 1.00
$ 9.60M
$ 9.60 million
+0.03%
93 MetaMask USD MUSD $ 1.000
$ 8.77M
$ 8.77 million
+0.00%
94 USDz USDZ $ 0.984
$ 7.63M
$ 7.63 million
+0.09%
95 Schuman EURØP EUROP $ 1.17
$ 6.90M
$ 6.90 million
-0.09%
96 Resupply RSUP $ 0.0877
$ 6.10M
$ 6.10 million
+2.25%
97 SPUSD SPUSD $ 1.02
$ 5.99M
$ 5.99 million
-18.51%
98 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.08M
$ 5.08 million
-0.09%
99 Wrapped FRAX WFRAX $ 0.460
$ 4.11M
$ 4.11 million
+1.22%
100 Decentralized Euro DEURO $ 1.17
$ 3.31M
$ 3.31 million
-0.10%

Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
USD Base Coin USDBC $ 1.01
$ 7.11M
$ 7.11 million
+0.76%
Legacy Frax Dollar FRAX $ 0.994
$ 274.32M
$ 274.32 million
+0.28%
USDS USDS $ 0.999
$ 11.14B
$ 11.14 billion
+0.18%
XSGD XSGD $ 0.786
$ 15.59M
$ 15.59 million
+0.09%
Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
+0.05%
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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