Coinranking
Stablecoins
338 coins #13 Page 4
.png?size=28x28){kind=small}
.png?size=28x28){kind=small}
Trending Stablecoins
| Coins | Live Price | 24h | |
|---|---|---|---|
| |  PAX Gold PAXG | | -0.08% |
| |  TerraClassicUSD USTC | | +1.75% |
| |  Ripple USD RLUSD | | -0.02% |
Top Gainers
| Coins | | | |||
|---|---|---|---|---|---|
| | TerraClassicUSD USTC | | +1.75% | ||
| |  Falcon USD USDF | | +0.39% | ||
| |  Global Dollar USDG | | +0.21% | ||
| |  USDS USDS | | +0.12% | ||
| |  EURITE EURI | | +0.11% | ||
| All Gainers | |||||
Market Cap
What Are Stablecoins?
Stablecoins are cryptocurrencies designed to keep a stable price, usually equal to one US dollar. They do this by holding reserves, such as cash and government bonds, or by using smart contracts and collateral. This stablecoins list ranks the top stablecoins by market cap, with live prices and 24h changes.
Quick Facts
- Price target: Most stablecoins aim for a 1:1 peg, meaning one coin is worth one unit of a currency like the US dollar.
- Well-known examples: Tether (USDT), USDC and Dai (DAI).
- First big stablecoin: Tether launched in 2014.
- Main uses: Trading, saving in dollars, sending money across borders and paying in DeFi apps.
- Blockchains: Most large stablecoins run on several chains, such as Ethereum, Tron and Solana.
- Ranking: We rank stablecoins by market cap. For a stablecoin, this is close to the amount of coins in circulation.
Types of Stablecoins
- Fiat-backed stablecoins: A company holds cash and short-term government bonds for each coin. You can usually redeem coins for dollars through the issuer. Examples are USDT, USDC and PayPal USD (PYUSD).
- Crypto-backed stablecoins: Users lock more crypto than the value of the stablecoins they create. Smart contracts sell the collateral if its value falls too far. Dai is a well-known example.
- Synthetic dollars: These use trading strategies, like hedged positions, to hold a dollar value. Ethena USDe is an example.
- Algorithmic stablecoins: These use code and a second token to control supply. Many have failed, including TerraUSD in 2022.
- Commodity-backed stablecoins: These track an asset like gold instead of a currency.
Stablecoins vs Other Cryptocurrencies
Bitcoin and most other coins can change in price a lot in one day. Stablecoins are built to avoid this. That makes them useful for moving money between trades without cashing out to a bank. But stablecoins do not usually grow in value, so people use them for payments and parking funds rather than for price gains.
Risks
A stablecoin is only as strong as what backs it. If an issuer lacks reserves, or a smart contract fails, the coin can lose its peg and trade below one dollar. Fiat-backed issuers can freeze coins in some wallets. Rules differ by country. In the United States, the GENIUS Act of 2025 set federal rules for payment stablecoins.
Related Lists
Frequently Asked Questions
- What are stablecoins?
Stablecoins are cryptocurrencies that aim to keep a fixed value, usually one US dollar per coin. Issuers back them with reserves like cash and government bonds, or with crypto locked in smart contracts. People use stablecoins to trade, send money and hold dollars on a blockchain without big price swings.
- What are the top stablecoins?
The list above ranks the top stablecoins by market cap, updated live. Well-known examples include Tether (USDT), USDC from Circle and Dai (DAI). When you compare stablecoins, look at who issues them, what backs them, whether the issuer publishes reserve reports, and how closely the price has stayed at one dollar.
- What is the best stablecoin?
We do not give investment advice, and the best stablecoin depends on your needs. Compare the coins on the list by market cap, trading volume and how well each one has held its peg. Also check the type of backing, the issuer's reserve reports, and which blockchains and exchanges support the coin.
- How do stablecoins keep their value?
Fiat-backed stablecoins hold cash and short-term bonds and let approved users swap coins for dollars, which keeps the price near one dollar. Crypto-backed stablecoins lock extra crypto as collateral and sell it if prices fall. Synthetic and algorithmic stablecoins use trading strategies or supply rules, which can be less reliable.
- Are stablecoins safe?
Stablecoins are usually less volatile than other crypto, but they are not risk-free. A coin can lose its peg if reserves are weak, a smart contract fails or many holders sell at once. TerraUSD collapsed in 2022 for this reason. Fiat-backed issuers can also freeze coins in some wallets.
- What is the difference between USDT and USDC?
USDT and USDC are both fiat-backed stablecoins pegged to the US dollar. Tether issues USDT, which launched in 2014. Circle issues USDC, which launched in 2018. They differ in issuer, reserve reporting and regulation. Both run on many blockchains and are widely used for trading and payments.