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 CLP Coin CLPC $ 0.00108
$ 16,742
$ 16,742
-0.35%
152 Midas Dollar MDO $ 0.00730
$ 10,377
$ 10,377
-34.88%
153 Decentralized USD USDD $ 1.000
$ 2,479
$ 2,479
-0.01%
154 Balance Coin BLC $ 0.000670
$ 286
$ 286
-7.60%
155 TON Bridged USDC JUSDC $ 0.982
$ 63
$ 63
-1.68%
156 Crown BRLV BRLV $ 0.195
$ 4
$ 4
-0.56%
157 STASIS EURO EURS $ --
$ --
$ --
--%
158 CryptoFranc XCHF $ --
$ --
$ --
--%
159 USDK USDK $ --
$ --
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160 Rupiah Token IDRT $ --
$ --
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161 Neutrino Index XTN $ --
$ --
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162 EUR Neutrino EURN $ --
$ --
$ --
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163 Reserve RSV $ --
$ --
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164 XUSD Stable XUSD $ --
$ --
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165 Frapped USDT fUSDT $ --
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166 Empty Set Dollar ESD $ --
$ --
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167 ZUSD ZUSD $ --
$ --
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168 xDAI XDAI $ --
$ --
$ --
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169 Zetos ZES $ --
$ --
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170 Iron BSC IRON $ --
$ --
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171 Zephyr Stable Dollar ZSD $ --
$ --
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172 GYEN GYEN $ --
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173 BRCP TOKEN BRCP $ --
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174 Iron Bank EUR IBEUR $ --
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175 Euro Tether EURT $ --
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176 wrapped JAXNET WJXN $ --
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177 GMONEY COIN GMC $ --
$ --
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178 oneBTC ONEBTC $ --
$ --
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179 One Cash ONC $ --
$ --
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180 XT Stablecoin XTUSD $ --
$ --
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181 Reflexer Ungovernance Token FLX $ --
$ --
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182 Basis Gold Share BAGS $ --
$ --
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183 USDH USDH $ --
$ --
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184 xDollar Stablecoin XUSD $ --
$ --
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185 SpiceUSD USDS $ --
$ --
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186 Num ARS NUARS $ --
$ --
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187 USDX [Kava] USDX $ --
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188 Midas Dollar Share MDS $ --
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189 One Basis OBS $ --
$ --
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190 Wault USD WUSD $ --
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191 USD DWIN USDW $ --
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192 IRON Stablecoin IRON $ --
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193 Vyvo US Dollar USDV $ --
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194 EUROe Stablecoin EUROE $ --
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195 USC USC $ --
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196 Classic USDC $USDC $ --
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197 USDV USDV $ --
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198 UHKD UHKD $ --
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199 CHI CHI $ --
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200 Overnight DAI+ DAI+ $ --
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Trending Stablecoins

Top Gainers

Coins Live Price Market cap 24h
Binance USD BUSD $ 1.00
$ 37.88M
$ 37.88 million
+10.41%
Curve.Fi USD Stablecoin CRVUSD $ 0.991
$ 208.84M
$ 208.84 million
+0.69%
Global Dollar USDG $ 1.00
$ 3.29B
$ 3.29 billion
+0.31%
EURITE EURI $ 1.14
$ 37.31M
$ 37.31 million
+0.20%
Gemini dollar GUSD $ 1.00
$ 29.68M
$ 29.68 million
+0.16%
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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