Stablecoins

226 coins #12 Page 4

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
151 Iron BSC IRON $ --
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152 Squill SQUILL $ --
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153 VNDC VNDC $ --
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154 eUSD eUSD $ --
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155 xDollar Stablecoin XUSD $ --
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156 USDp USDp $ --
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157 UST (Wormhole) UST $ --
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158 f(x) rUSD RUSD $ --
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159 Web 3 Dollar USD3 $ --
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160 ALGO ALGO $ --
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161 Colb USD USC $ --
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162 BMRUSD BMRUSD $ 0.998
$ --
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-0.00%
163 VNDA Coin VNDA $ --
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164 Noble Dollar USDN $ --
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165 Aave Interest bearing USDT aUSDT $ --
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166 Staked USDz SUSDZ $ --
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167 xDAI XDAI $ 0.998
$ --
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+1.18%
168 NXUSD NXUSD $ --
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169 USD DWIN USDW $ --
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170 Asymmetry USDaf USDAF $ --
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171 Plume USD pUSD $ --
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172 TON Bridged USDC JUSDC $ --
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173 Lumi Finance LUA $ --
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174 Decentralized USD USDD $ --
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175 oneBTC ONEBTC $ --
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176 Gho Token GHO $ --
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177 Brunch USD bUSD $ --
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178 UHKD UHKD $ --
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179 Remitt USD USDR $ --
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180 GGUSD GGUSD $ --
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181 Midas Dollar Share MDS $ --
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182 Gold Indonesia Republic GIDR $ --
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183 One Basis OBS $ --
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184 Zetos ZES $ --
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185 Justice USD Coin JUSDC $ --
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186 ZEDXION USDZ $ --
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187 Mai Stablecoin (BASE) MAI $ --
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188 ID DIGITAL RUPIAH IDDR $ --
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189 wrapped JAXNET WJXN $ --
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190 CHI CHI $ --
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191 HERMES HERMES $ --
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192 USD X20 USD.x $ --
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193 USDX [Kava] USDX $ --
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194 Balance Coin BLC $ --
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195 Tether Fund USD.F $ --
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196 YieldFi yUSD yUSD $ --
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197 zai stablecoin ZAI STABLECOIN $ --
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198 Vyvo US Dollar USDV $ --
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199 EuroUnion EURC $ --
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200 USD X20 USD.x $ --
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
sUSD Synthetix SUSD $ 0.903
$ 56.81M
$ 56.81 million
+0.13%
Binance USD BUSD $ 1.00
$ 56.23M
$ 56.23 million
+0.10%
Curve.Fi USD Stablecoin CRVUSD $ 1.000
$ 148.01M
$ 148.01 million
+0.09%
Dai DAI $ 1.00
$ 5.01B
$ 5.01 billion
+0.07%
Worldwide USD WUSD $ 1.00
$ 12.49M
$ 12.49 million
+0.04%
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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