Stablecoins

242 coins #12 Page 3

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

101 Mezo USD MUSD $ 0.993
$ 3.24M
$ 3.24 million
-0.02%
102 USDKG USDKG $ 1.000
$ 3.00M
$ 3.00 million
-0.78%
103 AUDD AUDD $ 0.709
$ 2.62M
$ 2.62 million
+0.47%
104 Tokenised GBP TGBP $ 1.34
$ 2.57M
$ 2.57 million
+1.03%
105 USD Open Dollar USDO $ 0.00184
$ 1.89M
$ 1.89 million
-0.09%
106 USC Stablecoin USC $ 1.01
$ 1.75M
$ 1.75 million
+0.12%
107 HAI Index Token HAI $ 1.34
$ 1.68M
$ 1.68 million
-0.61%
108 Parallel PAR $ 1.26
$ 1.62M
$ 1.62 million
-1.52%
109 Sigma Money BNBUSD $ 0.998
$ 1.57M
$ 1.57 million
+1.02%
110 XSGD XSGD $ 29.51
$ 1.48M
$ 1.48 million
+3,945.08%
111 USDH USDH $ 0.997
$ 1.42M
$ 1.42 million
+0.11%
112 Wrapped A7A5 1.0 wA7A5 $ 0.0131
$ 1.40M
$ 1.40 million
-0.84%
113 Stable Coin SBC $ 1.00
$ 1.15M
$ 1.15 million
-0.00%
114 Balance Coin BLC $ 1.00
$ 1.04M
$ 1.04 million
+0.20%
115 Auryn AU $ 0.0128
$ 893,555
$ 893,555
+16.10%
116 Tether MXNt MXNT $ 0.0378
$ 756,000
$ 756,000
+0.00%
117 UAH eStable UAHe $ 0.0228
$ 547,967
$ 547,967
+0.25%
118 JuiceDollar JUSD $ 0.999
$ 333,714
$ 333,714
-0.10%
119 UXD Stablecoin UXD $ 1.02
$ 304,504
$ 304,504
+0.02%
120 USDT+ USDT+ $ 0.999
$ 238,312
$ 238,312
-0.00%
121 Fathom Protocol FXD $ 0.750
$ 222,564
$ 222,564
-12.19%
122 Frax USD frxUSD $ 1.00
$ 199,390
$ 199,390
-0.00%
123 USD+ USD+ $ 1.000
$ 170,603
$ 170,603
-0.02%
124 JPYC JPYC $ 0.0000670
$ 165,019
$ 165,019
-3.48%
125 AXCNH AXCNH $ 0.145
$ 145,200
$ 145,200
+0.00%
126 MAI MIMATIC $ 0.00974
$ 118,827
$ 118,827
-0.17%
127 Monster Slayer Cash MSC $ 0.0173
$ 117,205
$ 117,205
-1.33%
128 Frontier Stable Token FRNT $ 0.999
$ 94,869
$ 94,869
+0.00%
129 Dephaser JPY JPYT $ 0.00627
$ 85,787
$ 85,787
+0.00%
130 VNX Euro VEUR $ 1.15
$ 79,865
$ 79,865
+0.28%
131 Midas Dollar MDO $ 0.0136
$ 19,384
$ 19,384
+0.20%
132 CLP Coin CLPC $ 0.00111
$ 15,617
$ 15,617
-0.11%
133 BOB BOB $ 0.00975
$ 2,158
$ 2,158
-99.02%
134 XUSD Stable XUSD $ 0.201
$ 1,476
$ 1,476
+0.00%
135 GGUSD GGUSD $ 0.996
$ 34
$ 34
-0.10%
136 Rupiah Token IDRT $ --
$ --
$ --
--%
137 EUR Neutrino EURN $ --
$ --
$ --
--%
138 Frapped USDT fUSDT $ --
$ --
$ --
--%
139 xDAI XDAI $ 0.991
$ --
$ --
-0.10%
140 Zetos ZES $ --
$ --
$ --
--%
141 Iron BSC IRON $ --
$ --
$ --
--%
142 Zephyr Stable Dollar ZSD $ --
$ --
$ --
--%
143 GYEN GYEN $ --
$ --
$ --
--%
144 BRCP TOKEN BRCP $ --
$ --
$ --
--%
145 wrapped JAXNET WJXN $ --
$ --
$ --
--%
146 GMONEY COIN GMC $ --
$ --
$ --
--%
147 oneBTC ONEBTC $ --
$ --
$ --
--%
148 Meter Stable MTR $ 0.338
$ --
$ --
-4.06%
149 One Cash ONC $ --
$ --
$ --
--%
150 Reflexer Ungovernance Token FLX $ --
$ --
$ --
--%

Trending Stablecoins

Top Gainers

Coins Price Market cap 24h
EURITE EURI $ 1.15
$ 47.75M
$ 47.75 million
+0.36%
EURC EURC $ 1.15
$ 439.93M
$ 439.93 million
+0.36%
StablR USD USDR $ 0.997
$ 6.31M
$ 6.31 million
+0.22%
XSGD XSGD $ 0.782
$ 13.67M
$ 13.67 million
+0.16%
Dai DAI $ 0.999
$ 5.14B
$ 5.14 billion
+0.15%
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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