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

# Coins Price Market cap 24h

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

101 Parallel PAR $ 1.32
$ 1.70M
$ 1.70 million
+8.90%
102 HAI Index Token HAI $ 1.31
$ 1.64M
$ 1.64 million
-0.02%
103 Wrapped A7A5 1.0 wA7A5 $ 0.0135
$ 1.43M
$ 1.43 million
-0.25%
104 USDH USDH $ 0.997
$ 1.23M
$ 1.23 million
+0.05%
105 Balance Coin BLC $ 0.997
$ 1.03M
$ 1.03 million
+0.25%
106 MYRC MYRC $ 0.248
$ 767,753
$ 767,753
-0.15%
107 Wrapped USTC USTC $ 0.00843
$ 750,248
$ 750,248
+0.05%
108 Auryn AU $ 0.0100
$ 702,657
$ 702,657
-10.67%
109 Osmosis allUSDT USDT $ 1.000
$ 670,951
$ 670,951
+0.01%
110 UAH eStable UAHe $ 0.0235
$ 563,572
$ 563,572
+0.33%
111 Tether MXNt MXNT $ 0.0250
$ 500,000
$ 500,000
+0.00%
112 JuiceDollar JUSD $ 1.00
$ 334,048
$ 334,048
+0.00%
113 Mitosis Matrix USDT (Lista) MAUSDT_LISTA $ 0.989
$ 322,035
$ 322,035
+0.16%
114 UXD Stablecoin UXD $ 1.00
$ 299,024
$ 299,024
-0.00%
115 USDT+ USDT+ $ 1.000
$ 238,372
$ 238,372
+0.01%
116 BOB BOB $ 1.000
$ 221,337
$ 221,337
-0.04%
117 Frax USD frxUSD $ 1.000
$ 199,327
$ 199,327
-0.01%
118 Fathom Protocol FXD $ 0.671
$ 199,253
$ 199,253
-11.21%
119 USD+ USD+ $ 1.000
$ 170,594
$ 170,594
-0.02%
120 AXCNH AXCNH $ 0.145
$ 145,300
$ 145,300
+0.00%
121 Dephaser JPY JPYT $ 0.00621
$ 84,945
$ 84,945
-0.10%
122 VNX Euro VEUR $ 1.15
$ 79,903
$ 79,903
-0.01%
123 ARSe ARSe $ 0.000666
$ 66,553
$ 66,553
-0.05%
124 AURO Finance AURO $ 0.000205
$ 15,400
$ 15,400
-25.56%
125 ARYZE eGBP EGBP $ 1.30
$ 10,429
$ 10,429
-1.88%
126 Decentralized USD USDD $ 0.998
$ 2,476
$ 2,476
-0.11%
127 XUSD Stable XUSD $ 0.204
$ 1,502
$ 1,502
+0.00%
128 GGUSD GGUSD $ 1.000
$ 35
$ 35
-0.02%
129 EUR Neutrino EURN $ --
$ --
$ --
--%
130 BiLira TRYB $ --
$ --
$ --
--%
131 Frapped USDT fUSDT $ --
$ --
$ --
--%
132 xDAI XDAI $ 0.991
$ --
$ --
+0.08%
133 Zetos ZES $ --
$ --
$ --
--%
134 Iron BSC IRON $ --
$ --
$ --
--%
135 Zephyr Stable Dollar ZSD $ --
$ --
$ --
--%
136 GYEN GYEN $ --
$ --
$ --
--%
137 BRCP TOKEN BRCP $ --
$ --
$ --
--%
138 Dopple DOP $ --
$ --
$ --
--%
139 Euro Tether EURT $ --
$ --
$ --
--%
140 wrapped JAXNET WJXN $ --
$ --
$ --
--%
141 GMONEY COIN GMC $ --
$ --
$ --
--%
142 oneBTC ONEBTC $ --
$ --
$ --
--%
143 ZEDXION USDZ $ --
$ --
$ --
--%
144 Meter Stable MTR $ 0.346
$ --
$ --
-0.09%
145 One Cash ONC $ --
$ --
$ --
--%
146 Reflexer Ungovernance Token FLX $ --
$ --
$ --
--%
147 Basis Gold Share BAGS $ --
$ --
$ --
--%
148 JPY Coin JPYC $ --
$ --
$ --
--%
149 xDollar Stablecoin XUSD $ --
$ --
$ --
--%
150 SpiceUSD USDS $ --
$ --
$ --
--%

Trending Stablecoins

Top Gainers

Coins Price Market cap 24h
TerraClassicUSD USTC $ 0.00453
$ 25.31M
$ 25.31 million
+5.50%
Reservoir DAM $ 0.0519
$ 17.68M
$ 17.68 million
+4.06%
Binance USD BUSD $ 1.00
$ 55.87M
$ 55.87 million
+0.27%
Gemini dollar GUSD $ 1.00
$ 35.71M
$ 35.71 million
+0.14%
Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.12%
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.

Useful / Related Links