Stablecoins

312 coins #12 Page 4

Stablecoins are digital currencies backed by things like regular money or commodities, which means they have a steady value. More

# Coins Live Price Market cap 24h

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

151 Midas Dollar Share MDS $ 0.867
$ 15,729
$ 15,729
-3.28%
152 Crown BRLV BRLV $ 448.77
$ 8,078
$ 8,078
+146,330.42%
153 Decentralized USD USDD $ 1.000
$ 2,479
$ 2,479
+0.02%
154 Balance Coin BLC $ 0.000722
$ 308
$ 308
-1.98%
155 GGUSD GGUSD $ 1.00
$ 35
$ 35
-0.01%
156 Frapped USDT fUSDT $ 1.07
$ 0
$ 0
+204,160.49%
157 Dopple DOP $ 0.0₈746
$ 0
$ 0
-99.66%
158 Tregrity USD USD.I $ 0.0₁₂151
$ 0
$ 0
-99.68%
159 CryptoFranc XCHF $ --
$ --
$ --
--%
160 USDK USDK $ --
$ --
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161 EUR Neutrino EURN $ --
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162 Reserve RSV $ --
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163 XUSD Stable XUSD $ --
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164 ZUSD ZUSD $ --
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165 xDAI XDAI $ --
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166 Zetos ZES $ --
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167 Iron BSC IRON $ --
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168 Zephyr Stable Dollar ZSD $ --
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169 BRCP TOKEN BRCP $ --
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170 Mento Euro CEUR $ --
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171 Fei Protocol FEI $ --
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172 Iron Bank EUR IBEUR $ --
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173 Euro Tether EURT $ --
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174 GMONEY COIN GMC $ --
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175 oneBTC ONEBTC $ --
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176 One Cash ONC $ --
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177 XT Stablecoin XTUSD $ --
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178 Reflexer Ungovernance Token FLX $ --
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179 Basis Gold Share BAGS $ --
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180 USDH USDH $ --
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181 xDollar Stablecoin XUSD $ --
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182 SpiceUSD USDS $ --
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183 Num ARS NUARS $ --
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184 USDX [Kava] USDX $ --
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185 One Basis OBS $ --
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186 Wault USD WUSD $ --
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187 USD DWIN USDW $ --
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188 NXUSD NXUSD $ --
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189 IRON Stablecoin IRON $ --
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190 Vyvo US Dollar USDV $ --
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191 EUROe Stablecoin EUROE $ --
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192 USC USC $ --
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193 Classic USDC $USDC $ --
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194 USDV USDV $ --
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195 USEU USEU $ --
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196 EUUS EUUS $ --
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197 UHKD UHKD $ --
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198 CHI CHI $ --
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199 Overnight DAI+ DAI+ $ --
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200 OilX Token OILX $ --
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Trending Stablecoins

Top Gainers

Coins Live Price Market cap 24h
PAX Gold PAXG $ 4,084.01
$ 1.80B
$ 1.80 billion
+1.89%
TerraClassicUSD USTC $ 0.00497
$ 27.70M
$ 27.70 million
+1.78%
Curve.Fi USD Stablecoin CRVUSD $ 0.988
$ 209.86M
$ 209.86 million
+1.17%
EURITE EURI $ 1.15
$ 37.63M
$ 37.63 million
+1.14%
EURC EURC $ 1.15
$ 445.88M
$ 445.88 million
+1.01%
All Gainers

Market Cap

$ -- --%
Pro Chart

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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