Stablecoins

240 coins #12

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

Download
# Coins Price Market cap 24h
1 Tether USD USDT $ 1.000
$ 183.92B
$ 183.92 billion
-0.03%
2 USDC USDC $ 0.999
$ 78.77B
$ 78.77 billion
-0.03%
3 USDS USDS $ 0.995
$ 11.13B
$ 11.13 billion
-0.56%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.13%
5 Ethena USDe USDE $ 1.000
$ 6.15B
$ 6.15 billion
+0.03%
6 Dai DAI $ 1.000
$ 5.14B
$ 5.14 billion
-0.06%
7 PayPal USD PYUSD $ 0.999
$ 4.19B
$ 4.19 billion
+0.02%
8 World Liberty Financial USD USD1 $ 0.999
$ 4.05B
$ 4.05 billion
-0.03%
9 PAX Gold PAXG $ 5,182.58
$ 2.59B
$ 2.59 billion
-0.22%
10 Global Dollar USDG $ 1.00
$ 1.72B
$ 1.72 billion
-0.03%
11 Ripple USD RLUSD $ 0.999
$ 1.39B
$ 1.39 billion
-0.06%
12 USDD USDD $ 1.000
$ 1.06B
$ 1.06 billion
+0.01%
13 United Stables U $ 1.000
$ 664.73M
$ 664.73 million
-0.02%
14 TrueUSD TUSD $ 0.999
$ 493.85M
$ 493.85 million
-0.03%
15 EURC EURC $ 1.15
$ 440.57M
$ 440.57 million
-0.56%
16 First Digital USD FDUSD $ 1.000
$ 373.18M
$ 373.18 million
-0.02%
17 Legacy Frax Dollar FRAX $ 0.994
$ 274.33M
$ 274.33 million
+0.00%
18 Agora AUSD $ 1.00
$ 143.81M
$ 143.81 million
+0.10%
19 Binance USD BUSD $ 1.00
$ 55.88M
$ 55.88 million
+0.05%
20 XUSD XUSD $ 1.000
$ 47.95M
$ 47.95 million
-0.02%
21 EURITE EURI $ 1.15
$ 47.81M
$ 47.81 million
-0.65%
22 Gemini dollar GUSD $ 1.000
$ 47.07M
$ 47.07 million
-0.09%
23 Pax Dollar USDP $ 0.999
$ 45.53M
$ 45.53 million
-0.01%
24 sUSD Synthetix SUSD $ 0.801
$ 42.26M
$ 42.26 million
+1.00%
25 BOLD Stablecoin BOLD $ 1.00
$ 39.22M
$ 39.22 million
-0.05%
26 Resolv RESOLV $ 0.107
$ 36.59M
$ 36.59 million
-0.12%
27 TerraClassicUSD USTC $ 0.00498
$ 27.78M
$ 27.78 million
+0.29%
28 Tether America USD USAT $ 1.00
$ 20.00M
$ 20.00 million
+0.02%
29 XSGD XSGD $ 0.784
$ 13.70M
$ 13.70 million
-0.34%
30 StablR Euro EURR $ 1.16
$ 12.97M
$ 12.97 million
-0.24%
31 Reservoir DAM $ 0.0371
$ 12.64M
$ 12.64 million
-0.08%
32 Worldwide USD WUSD $ 1.000
$ 11.35M
$ 11.35 million
+0.01%
33 Quantoz USDQ USDQ $ 1.000
$ 6.16M
$ 6.16 million
+0.00%
34 StablR USD USDR $ 0.996
$ 5.74M
$ 5.74 million
-0.13%

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

35 Curve.Fi USD Stablecoin CRVUSD $ 2.86
$ 758.80M
$ 758.80 million
-0.19%
36 Usual USD USD0 $ 0.999
$ 570.84M
$ 570.84 million
+0.42%
37 Curve.fi DAI/USDC/USDT 3CRV $ 1.05
$ 168.22M
$ 168.22 million
-0.29%
38 Resupply USD reUSD $ 2.31
$ 116.41M
$ 116.41 million
-0.07%
39 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.36M
$ 63.36 million
+0.02%
40 Decentralized Social DESO $ 6.47
$ 57.48M
$ 57.48 million
+7.10%
41 Anchored Coins EUR AEUR $ 1.15
$ 54.48M
$ 54.48 million
-0.32%
42 TerraUSD UST $ 0.00501
$ 49.10M
$ 49.10 million
+2.29%
43 Liquity USD LUSD $ 1.00
$ 35.54M
$ 35.54 million
+0.10%
44 Euro Tether EURT $ 0.865
$ 34.62M
$ 34.62 million
+3.26%
45 Bucket Protocol BUCK Stablecoin BUCK $ 0.999
$ 25.89M
$ 25.89 million
-0.20%
46 Celo Dollar CUSD $ 1.00
$ 14.57M
$ 14.57 million
+0.20%
47 Origin Dollar OUSD $ 1.00
$ 7.48M
$ 7.48 million
+0.04%
48 USD Base Coin USDBC $ 1.000
$ 7.11M
$ 7.11 million
-0.02%
49 Fei Protocol FEI $ 1.01
$ 3.46M
$ 3.46 million
+0.10%
50 Vai VAI $ 0.999
$ 2.56M
$ 2.56 million
+0.09%
Download

Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
sUSD Synthetix SUSD $ 0.801
$ 42.26M
$ 42.26 million
+1.00%
TerraClassicUSD USTC $ 0.00498
$ 27.78M
$ 27.78 million
+0.29%
Agora AUSD $ 1.00
$ 143.81M
$ 143.81 million
+0.10%
Binance USD BUSD $ 1.00
$ 55.88M
$ 55.88 million
+0.05%
Ethena USDe USDE $ 1.000
$ 6.15B
$ 6.15 billion
+0.03%
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.

Useful / Related Links