Coinranking
Stablecoins
226 coins #12 Page 3| | Coins | | | ||
|---|---|---|---|---|---|
| | |||||
| | 101 |  Parallel PAR | $ | +0.09%  | |
| | 102 |  USDH USDH | $ | +0.03%  | |
| | 103 |  Stable Coin SBC | $ | +0.00%  | |
| | 104 |  Wrapped A7A5 1.0 wA7A5 | $ | +0.07%  | |
| | 105 |  Auryn AU | $ | -20.22%  | |
| | 106 |  Tether MXNt MXNT | $ | +51.32%  | |
| | 107 |  Wrapped USTC USTC | $ | +0.00%  | |
| | 108 |  MYRC MYRC | $ | -0.21%  | |
| | 109 |  UXD Stablecoin UXD | $ | -0.00%  | |
| | 110 |  Fathom Protocol FXD | $ | +0.03%  | |
| | 111 |  BOB BOB | $ | +0.01%  | |
| | 112 |  Frax USD frxUSD | $ | -0.00%  | |
| | 113 |  USD+ USD+ | $ | +0.00%  | |
| | 114 |  AUDD AUDD | $ | +0.44%  | |
| | 115 |  VNX Euro VEUR | $ | +0.25%  | |
| | 116 |  AXCNH AXCNH | $ | +0.28%  | |
| | 117 |  Dephaser JPY JPYT | $ | -0.00%  | |
| | 118 |  One Cash ONC | $ | -7.28%  | |
| | 119 |  CLP Coin CLPC | $ | -0.25%  | |
| | 120 |  ARYZE eGBP EGBP | $ | +3.29%  | |
| | 121 |  Decentralized USD USDD | $ | +0.15%  | |
| | 122 |  XUSD Stable XUSD | $ | +0.00%  | |
| | 123 |  Lorenzo staked USD1+ SUSD1+ | $ | --%  | |
| | 124 |  (PoS) Binance USD BUSD | $ | --%  | |
| | 125 |  Open Stablecoin Index OPEN | $ | --%  | |
| | 126 |  USD Coin (Arb1) anyUSDC | $ | --%  | |
| | 127 |  Midas Dollar MDO | $ | --%  | |
| | 128 |  Usual EUR EUR0 | $ | --%  | |
| | 129 |  Meter Stable MTR | $ | +5.33%  | |
| | 130 |  OilX Token OILX | $ | --%  | |
| | 131 |  USDx USDX | $ | --%  | |
| | 132 |  VEUR VEUR | $ | --%  | |
| | 133 |  EUROe Stablecoin EUROE | $ | --%  | |
| | 134 |  TENTER USD.T USD.T | $ | --%  | |
| | 135 |  Autonomous Secure Dollar USSD | $ | --%  | |
| | 136 |  Monerium EURe EURe | $ | --%  | |
| | 137 |  Tregrity USD USD.I | $ | --%  | |
| | 138 |  Tether USD anyUSDT | $ | --%  | |
| | 139 |  SpiceUSD USDS | $ | --%  | |
| | 140 |  Vesta Stable VST | $ | --%  | |
| | 141 |  Braza BRL BBRL | $ | --%  | |
| | 142 |  BRCP TOKEN BRCP | $ | --%  | |
| | 143 |  VNX British Pound VGBP | $ | --%  | |
| | 144 |  Zephyr Stable Dollar ZSD | $ | --%  | |
| | 145 |  Tedra USD USD.T | $ | --%  | |
| | 146 |  IRON Stablecoin IRON | $ | --%  | |
| | 147 |  USDA USDA | $ | --%  | |
| | 148 |  Iron BSC IRON | $ | --%  | |
| | 149 |  Squill SQUILL | $ | --%  | |
| | 150 |  VNDC VNDC | $ | --%  | |
Trending Stablecoins
| Coins | Price | 24h | |
|---|---|---|---|
| |  Tether USD USDT | $ | -0.02%  |
| |  USDS USDS | $ | +0.33%  |
| |  Ethena USDe USDE | $ | +0.00%  |
| |  First Digital USD FDUSD | $ | -0.04%  |
| |  Dai DAI | $ | -0.01%  |
Top gainers
| Coins | | | |||
|---|---|---|---|---|---|
| |  Reservoir DAM | $ | +12.08%  | ||
| |  Binance USD BUSD | $ | +0.76%  | ||
| |  PAX Gold PAXG | $ | +0.59%  | ||
| | USDS USDS | $ | +0.33% | ||
| |  EURC EURC | $ | +0.33%  | ||
| 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
- User wires $1 M to issuer’s bank → issuer mints 1 M stablecoins on-chain.
- Token trades 1:1 on exchanges; arbitrage bots keep parity.
- Redemption portal – send 1 M tokens back → receive $1 M wire (Tether, Circle) or collateral auction (Maker).
- Reserve proof – monthly attestations or real-time dashboards show 1:1 backing.
- 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.