Stablecoins

254 coins #11 Page 3

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

101 Tokenised GBP TGBP $ 1.32
$ 2.54M
$ 2.54 million
-0.11%
102 USC Stablecoin USC $ 1.00
$ 1.73M
$ 1.73 million
-1.21%
103 Parallel PAR $ 1.22
$ 1.57M
$ 1.57 million
-0.30%
104 Wrapped A7A5 1.0 wA7A5 $ 0.0135
$ 1.43M
$ 1.43 million
+0.19%
105 USDH USDH $ 0.998
$ 1.23M
$ 1.23 million
+0.03%
106 Stable Coin SBC $ 1.00
$ 1.15M
$ 1.15 million
-0.00%
107 Balance Coin BLC $ 0.995
$ 1.03M
$ 1.03 million
-0.20%
108 Aussie Dollar Token AUDX $ 0.689
$ 995,908
$ 995,908
-0.12%
109 Auryn AU $ 0.0118
$ 826,811
$ 826,811
+10.68%
110 MYRC MYRC $ 0.248
$ 768,893
$ 768,893
-0.32%
111 Wrapped USTC USTC $ 0.00843
$ 749,951
$ 749,951
-0.42%
112 Osmosis allUSDT USDT $ 1.000
$ 670,880
$ 670,880
+0.05%
113 UAH eStable UAHe $ 0.0234
$ 561,129
$ 561,129
+0.42%
114 Tether MXNt MXNT $ 0.0250
$ 500,000
$ 500,000
+0.00%
115 JuiceDollar JUSD $ 1.00
$ 334,048
$ 334,048
+0.00%
116 UXD Stablecoin UXD $ 1.00
$ 299,033
$ 299,033
+0.00%
117 Squill SQUILL $ 0.0223
$ 222,799
$ 222,799
+0.00%
118 Fathom Protocol FXD $ 0.715
$ 212,183
$ 212,183
+13.23%
119 Frax USD frxUSD $ 1.000
$ 199,326
$ 199,326
-0.01%
120 USD+ USD+ $ 1.00
$ 170,682
$ 170,682
+0.04%
121 AXCNH AXCNH $ 0.145
$ 145,300
$ 145,300
+0.00%
122 Frontier Stable Token FRNT $ 1.00
$ 95,041
$ 95,041
+0.08%
123 Dephaser JPY JPYT $ 0.00621
$ 85,030
$ 85,030
-0.14%
124 VNX Euro VEUR $ 1.15
$ 79,916
$ 79,916
-0.03%
125 Midas Dollar MDO $ 0.0129
$ 18,268
$ 18,268
-0.43%
126 XUSD Stable XUSD $ 0.204
$ 1,502
$ 1,502
+0.00%
127 GGUSD GGUSD $ 1.000
$ 35
$ 35
+0.03%
128 EUR Neutrino EURN $ --
$ --
$ --
--%
129 Frapped USDT fUSDT $ --
$ --
$ --
--%
130 xDAI XDAI $ 0.991
$ --
$ --
+0.08%
131 Zetos ZES $ --
$ --
$ --
--%
132 Iron BSC IRON $ --
$ --
$ --
--%
133 Zephyr Stable Dollar ZSD $ --
$ --
$ --
--%
134 JPYC JPYC $ --
$ --
$ --
--%
135 GYEN GYEN $ --
$ --
$ --
--%
136 BRCP TOKEN BRCP $ --
$ --
$ --
--%
137 Dopple DOP $ --
$ --
$ --
--%
138 Fei Protocol FEI $ --
$ --
$ --
--%
139 Euro Tether EURT $ --
$ --
$ --
--%
140 wrapped JAXNET WJXN $ --
$ --
$ --
--%
141 GMONEY COIN GMC $ --
$ --
$ --
--%
142 oneBTC ONEBTC $ --
$ --
$ --
--%
143 Meter Stable MTR $ 0.345
$ --
$ --
+0.99%
144 One Cash ONC $ --
$ --
$ --
--%
145 Reflexer Ungovernance Token FLX $ --
$ --
$ --
--%
146 Basis Gold Share BAGS $ --
$ --
$ --
--%
147 JPY Coin JPYC $ --
$ --
$ --
--%
148 xDollar Stablecoin XUSD $ --
$ --
$ --
--%
149 SpiceUSD USDS $ --
$ --
$ --
--%
150 Num ARS NUARS $ --
$ --
$ --
--%

Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
USDS USDS $ 1.00
$ 11.82B
$ 11.82 billion
+0.32%
Agora AUSD $ 1.00
$ 159.34M
$ 159.34 million
+0.22%
PAX Gold PAXG $ 4,655.40
$ 2.39B
$ 2.39 billion
+0.14%
StablR Euro EURR $ 1.15
$ 12.90M
$ 12.90 million
+0.10%
Mezo USD MUSD $ 1.00
$ 50.10M
$ 50.10 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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