Stablecoins

237 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
$ 184.09B
$ 184.09 billion
+0.03%
2 USDC USDC $ 1.000
$ 77.15B
$ 77.15 billion
+0.03%
3 USDS USDS $ 0.999
$ 10.72B
$ 10.72 billion
+0.09%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.05%
5 Ethena USDe USDE $ 0.999
$ 6.14B
$ 6.14 billion
-0.10%
6 Dai DAI $ 1.000
$ 5.14B
$ 5.14 billion
-0.05%
7 PayPal USD PYUSD $ 1.000
$ 4.19B
$ 4.19 billion
+0.00%
8 World Liberty Financial USD USD1 $ 0.999
$ 4.05B
$ 4.05 billion
+0.02%
9 PAX Gold PAXG $ 5,135.60
$ 2.54B
$ 2.54 billion
-1.09%
10 Global Dollar USDG $ 1.000
$ 1.72B
$ 1.72 billion
+0.03%
11 Ripple USD RLUSD $ 1.00
$ 1.43B
$ 1.43 billion
+0.05%
12 USDD USDD $ 1.000
$ 1.08B
$ 1.08 billion
+0.01%
13 United Stables U $ 1.000
$ 664.80M
$ 664.80 million
+0.02%
14 TrueUSD TUSD $ 0.999
$ 494.23M
$ 494.23 million
-0.05%
15 EURC EURC $ 1.16
$ 442.90M
$ 442.90 million
-0.15%
16 First Digital USD FDUSD $ 1.00
$ 380.62M
$ 380.62 million
-0.05%
17 Legacy Frax Dollar FRAX $ 0.992
$ 273.79M
$ 273.79 million
-0.11%
18 Agora AUSD $ 1.00
$ 146.34M
$ 146.34 million
+0.20%
19 Binance USD BUSD $ 1.00
$ 55.86M
$ 55.86 million
+0.06%
20 EURITE EURI $ 1.16
$ 48.14M
$ 48.14 million
-0.12%
21 Gemini dollar GUSD $ 1.000
$ 47.08M
$ 47.08 million
+0.06%
22 Pax Dollar USDP $ 1.000
$ 45.55M
$ 45.55 million
-0.10%
23 sUSD Synthetix SUSD $ 0.817
$ 43.04M
$ 43.04 million
-1.86%
24 BOLD Stablecoin BOLD $ 1.00
$ 39.15M
$ 39.15 million
+0.00%
25 TerraClassicUSD USTC $ 0.00513
$ 28.63M
$ 28.63 million
-0.07%
26 XUSD XUSD $ 1.000
$ 25.28M
$ 25.28 million
-0.00%
27 Resolv RESOLV $ 0.0646
$ 24.11M
$ 24.11 million
-0.37%
28 Tether America USD USAT $ 1.000
$ 19.99M
$ 19.99 million
+0.00%
29 XSGD XSGD $ 0.783
$ 13.69M
$ 13.69 million
-0.26%
30 StablR Euro EURR $ 1.16
$ 13.01M
$ 13.01 million
-0.15%
31 Reservoir DAM $ 0.0348
$ 11.86M
$ 11.86 million
+17.33%
32 Worldwide USD WUSD $ 1.000
$ 11.35M
$ 11.35 million
+0.00%
33 USD Base Coin USDBC $ 1.00
$ 7.13M
$ 7.13 million
-0.78%
34 StablR USD USDR $ 0.996
$ 6.81M
$ 6.81 million
-0.06%
35 Quantoz USDQ USDQ $ 1.000
$ 6.16M
$ 6.16 million
+0.03%

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

36 Curve.Fi USD Stablecoin CRVUSD $ 2.72
$ 786.55M
$ 786.55 million
+179.86%
37 Usual USD USD0 $ 1.00
$ 574.21M
$ 574.21 million
+0.48%
38 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 166.34M
$ 166.34 million
-1.36%
39 Resupply USD reUSD $ 2.54
$ 127.56M
$ 127.56 million
-3.96%
40 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.32M
$ 63.32 million
-0.07%
41 Anchored Coins EUR AEUR $ 1.16
$ 54.78M
$ 54.78 million
-0.14%
42 TerraUSD UST $ 0.00505
$ 49.52M
$ 49.52 million
-1.44%
43 Decentralized Social DESO $ 5.49
$ 48.77M
$ 48.77 million
+2.12%
44 Liquity USD LUSD $ 1.00
$ 35.59M
$ 35.59 million
-0.02%
45 Bucket Protocol BUCK Stablecoin BUCK $ 0.999
$ 26.02M
$ 26.02 million
-0.13%
46 Euro Tether EURT $ 0.513
$ 20.51M
$ 20.51 million
-3.11%
47 Celo Dollar CUSD $ 1.00
$ 14.71M
$ 14.71 million
+0.21%
48 Origin Dollar OUSD $ 1.000
$ 7.04M
$ 7.04 million
+0.01%
49 Fei Protocol FEI $ 1.00
$ 3.42M
$ 3.42 million
-0.08%
50 Rupiah Token IDRT $ 0.0000609
$ 2.73M
$ 2.73 million
+4.30%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Reservoir DAM $ 0.0348
$ 11.86M
$ 11.86 million
+17.33%
Agora AUSD $ 1.00
$ 146.34M
$ 146.34 million
+0.20%
USDS USDS $ 0.999
$ 10.72B
$ 10.72 billion
+0.09%
Binance USD BUSD $ 1.00
$ 55.86M
$ 55.86 million
+0.06%
Gemini dollar GUSD $ 1.000
$ 47.08M
$ 47.08 million
+0.06%
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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