Stablecoins

253 coins #11 Page 2

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

# Coins Price Market cap 24h

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

51 Level USD LVLUSD $ 0.897
$ 873,354
$ 873,354
+0.01%
52 XAUT0 XAUT $ 4,665.50
$ 860.63T
$ 860.63 trillion
+3.00%
53 Maya Preferred MPRD $ 54,923.37
$ 10.98T
$ 10.98 trillion
-1.09%
54 Tedra USD 2.0 USD.T $ 1.04
$ 103.81B
$ 103.81 billion
+1.39%
55 JUSD Stable Token JUSD $ 1.00
$ 50.00B
$ 50.00 billion
-0.00%
56 Hyper USD USDHL $ 0.991
$ 8.81B
$ 8.81 billion
-0.68%
57 Savings USDS SUSDS $ 2.67
$ 5.17B
$ 5.17 billion
+3.35%
58 BFUSD BFUSD $ 0.999
$ 1.47B
$ 1.47 billion
-0.01%
59 Royal Dollar RUSD $ 1.00
$ 1.00B
$ 1.00 billion
+0.00%
60 DXBDT DXBDT $ 1.00
$ 1.00B
$ 1.00 billion
+0.03%
61 USAD USAD $ 1.000
$ 994.50M
$ 994.50 million
-1.81%
62 USDai USDAI $ 1.00
$ 516.33M
$ 516.33 million
-0.03%
63 Frax USD FRXUSD $ 3.03
$ 320.52M
$ 320.52 million
-1.07%
64 GUSD GUSD $ 0.999
$ 319.63M
$ 319.63 million
-0.14%
65 USX USX $ 1.000
$ 317.81M
$ 317.81 million
+0.20%
66 Staked USDai SUSDAI $ 1.08
$ 252.33M
$ 252.33 million
+0.17%
67 DOLA DOLA $ 3.00
$ 199.42M
$ 199.42 million
-0.12%
68 infiniFi USD iUSD $ 1.00
$ 182.76M
$ 182.76 million
+0.01%
69 Strata Senior USDe srUSDe $ 1.02
$ 146.34M
$ 146.34 million
-0.26%
70 Sonic USD SCUSD $ 3.02
$ 128.65M
$ 128.65 million
-1.03%
71 MNEE USD Stablecoin MNEE $ 1.000
$ 101.77M
$ 101.77 million
-0.01%
72 EUR CoinVertible EURCV $ 1.16
$ 55.67M
$ 55.67 million
+0.72%
73 OSL Group’s U.S. dollar USDGO $ 1.00
$ 50.03M
$ 50.03 million
+0.02%
74 USD Neutrino USDN $ 0.0574
$ 36.61M
$ 36.61 million
-15.54%
75 Hylo USD HYUSD $ 1.00
$ 33.42M
$ 33.42 million
-0.02%
76 XT Stablecoin XTUSD $ 1.00
$ 32.82M
$ 32.82 million
+0.07%
77 Electronic USD eUSD $ 0.999
$ 28.99M
$ 28.99 million
+0.27%
78 Silver Token XAGX $ 74.44
$ 18.72M
$ 18.72 million
+4.63%
79 AllUnity EUR EURAU $ 1.16
$ 18.67M
$ 18.67 million
+0.99%
80 JPY Coin JPYC $ 0.00685
$ 16.09M
$ 16.09 million
+10,475.32%
81 eSui Dollar suiUSDe $ 0.999
$ 12.32M
$ 12.32 million
-0.71%
82 USDM USDM $ 1.01
$ 12.17M
$ 12.17 million
+3.13%
83 Jupiter USD JupUSD $ 1.00
$ 11.70M
$ 11.70 million
+0.00%
84 USDA USDA $ 0.991
$ 10.06M
$ 10.06 million
+3.27%
85 Precious Metals USD pmUSD $ 0.996
$ 9.53M
$ 9.53 million
+0.64%
86 FUSD FUSD $ 1.00
$ 9.50M
$ 9.50 million
-0.03%
87 MetaMask USD MUSD $ 1.000
$ 8.77M
$ 8.77 million
-0.00%
88 Resupply RSUP $ 0.124
$ 8.63M
$ 8.63 million
-3.16%
89 USDz USDZ $ 0.995
$ 7.72M
$ 7.72 million
+0.11%
90 Celo Euro CEUR $ 1.15
$ 7.01M
$ 7.01 million
+0.64%
91 Schuman EURØP EUROP $ 1.16
$ 6.81M
$ 6.81 million
+0.79%
92 SPUSD SPUSD $ 1.01
$ 5.89M
$ 5.89 million
+0.28%
93 GYEN GYEN $ 0.00564
$ 5.44M
$ 5.44 million
-9.57%
94 Kyrgyz Som Stablecoin KGST $ 0.0115
$ 5.11M
$ 5.11 million
+0.57%
95 Meta USD MUSD $ 1.00
$ 3.82M
$ 3.82 million
-0.73%
96 Wrapped FRAX WFRAX $ 0.416
$ 3.73M
$ 3.73 million
-2.67%
97 ckUSDT CKUSDT $ 1.000
$ 3.29M
$ 3.29 million
-0.02%
98 Decentralized Euro DEURO $ 1.16
$ 3.27M
$ 3.27 million
+0.82%
99 Mezo USD MUSD $ 0.996
$ 3.25M
$ 3.25 million
+0.04%
100 USDKG USDKG $ 1.00
$ 3.00M
$ 3.00 million
+0.01%

Trending Stablecoins

Top Gainers

Coins Price Market cap 24h
Reservoir DAM $ 0.0387
$ 13.16M
$ 13.16 million
+10.92%
PAX Gold PAXG $ 4,685.45
$ 2.41B
$ 2.41 billion
+2.53%
EURITE EURI $ 1.16
$ 47.90M
$ 47.90 million
+0.71%
EURC EURC $ 1.16
$ 423.11M
$ 423.11 million
+0.71%
TerraClassicUSD USTC $ 0.00447
$ 24.91M
$ 24.91 million
+0.46%
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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