Stablecoins

239 coins #12

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
1 Tether USD USDT $ 1.00
$ 183.93B
$ 183.93 billion
+0.00%
2 USDC USDC $ 1.00
$ 78.71B
$ 78.71 billion
+0.00%
3 USDS USDS $ 0.997
$ 11.12B
$ 11.12 billion
-0.04%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.07%
5 Ethena USDe USDE $ 1.000
$ 6.15B
$ 6.15 billion
+0.04%
6 Dai DAI $ 1.00
$ 5.14B
$ 5.14 billion
-0.07%
7 PayPal USD PYUSD $ 0.999
$ 4.18B
$ 4.18 billion
-0.01%
8 World Liberty Financial USD USD1 $ 1.000
$ 4.05B
$ 4.05 billion
-0.05%
9 PAX Gold PAXG $ 5,204.15
$ 2.60B
$ 2.60 billion
+0.63%
10 Global Dollar USDG $ 1.00
$ 1.70B
$ 1.70 billion
+0.05%
11 Ripple USD RLUSD $ 1.00
$ 1.42B
$ 1.42 billion
-0.00%
12 USDD USDD $ 0.999
$ 1.06B
$ 1.06 billion
-0.04%
13 United Stables U $ 1.000
$ 664.84M
$ 664.84 million
-0.00%
14 TrueUSD TUSD $ 0.999
$ 494.03M
$ 494.03 million
+0.01%
15 EURC EURC $ 1.16
$ 443.59M
$ 443.59 million
+0.15%
16 First Digital USD FDUSD $ 1.00
$ 373.33M
$ 373.33 million
-0.07%
17 Legacy Frax Dollar FRAX $ 0.992
$ 273.62M
$ 273.62 million
-0.39%
18 Agora AUSD $ 1.00
$ 145.33M
$ 145.33 million
-0.01%
19 Binance USD BUSD $ 0.998
$ 55.72M
$ 55.72 million
-0.30%
20 EURITE EURI $ 1.16
$ 48.19M
$ 48.19 million
+0.14%
21 XUSD XUSD $ 1.00
$ 47.95M
$ 47.95 million
+0.01%
22 Gemini dollar GUSD $ 1.000
$ 47.08M
$ 47.08 million
+0.00%
23 Pax Dollar USDP $ 1.00
$ 45.56M
$ 45.56 million
+0.04%
24 sUSD Synthetix SUSD $ 0.792
$ 41.81M
$ 41.81 million
-1.64%
25 Resolv RESOLV $ 0.106
$ 36.33M
$ 36.33 million
-19.34%
26 TerraClassicUSD USTC $ 0.00496
$ 27.69M
$ 27.69 million
-0.51%
27 Tether America USD USAT $ 0.997
$ 19.93M
$ 19.93 million
-0.52%
28 StablR Euro EURR $ 1.16
$ 13.02M
$ 13.02 million
+0.08%
29 Reservoir DAM $ 0.0378
$ 12.89M
$ 12.89 million
+2.80%
30 Worldwide USD WUSD $ 1.000
$ 11.34M
$ 11.34 million
-0.01%
31 Quantoz USDQ USDQ $ 1.000
$ 6.16M
$ 6.16 million
-0.01%
32 StablR USD USDR $ 0.996
$ 5.70M
$ 5.70 million
-0.24%

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

33 Curve.Fi USD Stablecoin CRVUSD $ 2.94
$ 779.26M
$ 779.26 million
+0.10%
34 Usual USD USD0 $ 0.995
$ 568.38M
$ 568.38 million
-0.41%
35 Curve.fi DAI/USDC/USDT 3CRV $ 1.05
$ 168.46M
$ 168.46 million
+0.54%
36 Resupply USD reUSD $ 2.31
$ 116.70M
$ 116.70 million
+1.13%
37 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.34M
$ 63.34 million
+0.03%
38 Anchored Coins EUR AEUR $ 1.15
$ 54.69M
$ 54.69 million
-0.02%
39 Decentralized Social DESO $ 6.04
$ 53.69M
$ 53.69 million
-0.39%
40 TerraUSD UST $ 0.00491
$ 48.13M
$ 48.13 million
-1.56%
41 BOLD Stablecoin BOLD $ 1.00
$ 39.24M
$ 39.24 million
+0.15%
42 Liquity USD LUSD $ 1.00
$ 35.53M
$ 35.53 million
-0.27%
43 Euro Tether EURT $ 0.789
$ 31.58M
$ 31.58 million
-5.26%
44 Bucket Protocol BUCK Stablecoin BUCK $ 1.000
$ 25.92M
$ 25.92 million
-0.03%
45 Celo Dollar CUSD $ 1.00
$ 14.73M
$ 14.73 million
-0.02%
46 XSGD XSGD $ 0.787
$ 13.75M
$ 13.75 million
+0.36%
47 Origin Dollar OUSD $ 0.998
$ 7.46M
$ 7.46 million
-0.15%
48 USD Base Coin USDBC $ 1.00
$ 7.11M
$ 7.11 million
-1.31%
49 Fei Protocol FEI $ 1.000
$ 3.41M
$ 3.41 million
-0.07%
50 Vai VAI $ 0.999
$ 2.56M
$ 2.56 million
+0.01%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Reservoir DAM $ 0.0378
$ 12.89M
$ 12.89 million
+2.80%
PAX Gold PAXG $ 5,204.15
$ 2.60B
$ 2.60 billion
+0.63%
EURC EURC $ 1.16
$ 443.59M
$ 443.59 million
+0.15%
EURITE EURI $ 1.16
$ 48.19M
$ 48.19 million
+0.14%
StablR Euro EURR $ 1.16
$ 13.02M
$ 13.02 million
+0.08%
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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