Stablecoins

243 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 $ 1.000
$ 184.09B
$ 184.09 billion
-0.04%
2 USDC USDC $ 1.000
$ 79.35B
$ 79.35 billion
-0.01%
3 USDS USDS $ 1.00
$ 11.59B
$ 11.59 billion
+0.56%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.19%
5 Ethena USDe USDE $ 0.999
$ 6.14B
$ 6.14 billion
-0.03%
6 Dai DAI $ 1.000
$ 5.14B
$ 5.14 billion
-0.05%
7 World Liberty Financial USD USD1 $ 0.999
$ 5.01B
$ 5.01 billion
-0.01%
8 PayPal USD PYUSD $ 0.998
$ 4.10B
$ 4.10 billion
-0.09%
9 PAX Gold PAXG $ 4,614.30
$ 2.31B
$ 2.31 billion
-5.04%
10 Global Dollar USDG $ 1.000
$ 1.77B
$ 1.77 billion
-0.02%
11 Ripple USD RLUSD $ 1.000
$ 1.38B
$ 1.38 billion
-0.00%
12 USDD USDD $ 1.000
$ 1.12B
$ 1.12 billion
+0.00%
13 United Stables U $ 1.00
$ 664.93M
$ 664.93 million
+0.04%
14 TrueUSD TUSD $ 0.999
$ 493.90M
$ 493.90 million
-0.00%
15 EURC EURC $ 1.15
$ 439.28M
$ 439.28 million
+0.00%
16 First Digital USD FDUSD $ 0.999
$ 374.65M
$ 374.65 million
-0.09%
17 Legacy Frax Dollar FRAX $ 0.993
$ 273.93M
$ 273.93 million
+0.03%
18 Agora AUSD $ 1.00
$ 146.85M
$ 146.85 million
+0.21%
19 Binance USD BUSD $ 1.00
$ 55.88M
$ 55.88 million
+0.28%
20 XUSD XUSD $ 1.000
$ 47.94M
$ 47.94 million
+0.02%
21 EURITE EURI $ 1.15
$ 47.63M
$ 47.63 million
-0.14%
22 Gemini dollar GUSD $ 1.000
$ 47.08M
$ 47.08 million
+0.03%
23 Pax Dollar USDP $ 0.999
$ 45.52M
$ 45.52 million
-0.06%
24 sUSD Synthetix SUSD $ 0.808
$ 42.69M
$ 42.69 million
-2.55%
25 BOLD Stablecoin BOLD $ 1.00
$ 30.56M
$ 30.56 million
+0.00%
26 TerraClassicUSD USTC $ 0.00480
$ 26.76M
$ 26.76 million
-2.57%
27 Resolv RESOLV $ 0.0631
$ 21.60M
$ 21.60 million
+6.06%
28 Tether America USD USAT $ 1.00
$ 20.03M
$ 20.03 million
+0.10%
29 StablR Euro EURR $ 1.15
$ 12.89M
$ 12.89 million
-0.12%
30 Worldwide USD WUSD $ 1.000
$ 11.34M
$ 11.34 million
+0.01%
31 Reservoir DAM $ 0.0281
$ 9.56M
$ 9.56 million
-3.10%
32 USD Base Coin USDBC $ 1.00
$ 7.13M
$ 7.13 million
+0.18%
33 StablR USD USDR $ 0.998
$ 6.31M
$ 6.31 million
-0.08%
34 Quantoz USDQ USDQ $ 1.000
$ 6.16M
$ 6.16 million
-0.02%

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

35 Curve.Fi USD Stablecoin CRVUSD $ 2.62
$ 685.62M
$ 685.62 million
-1.31%
36 Usual USD USD0 $ 0.999
$ 570.97M
$ 570.97 million
+0.03%
37 Curve.fi DAI/USDC/USDT 3CRV $ 0.944
$ 151.56M
$ 151.56 million
-7.57%
38 Resupply USD reUSD $ 2.28
$ 114.82M
$ 114.82 million
+14.71%
39 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.38M
$ 63.38 million
-0.01%
40 Decentralized Social DESO $ 6.16
$ 54.70M
$ 54.70 million
-4.23%
41 Anchored Coins EUR AEUR $ 1.14
$ 54.12M
$ 54.12 million
-0.50%
42 TerraUSD UST $ 0.00476
$ 46.71M
$ 46.71 million
-2.74%
43 Liquity USD LUSD $ 1.00
$ 35.52M
$ 35.52 million
+0.03%
44 Bucket Protocol BUCK Stablecoin BUCK $ 1.000
$ 25.92M
$ 25.92 million
+0.00%
45 XSGD XSGD $ 0.781
$ 16.77M
$ 16.77 million
-0.18%
46 Euro Tether EURT $ 0.395
$ 15.79M
$ 15.79 million
-2.52%
47 Celo Dollar CUSD $ 1.00
$ 14.91M
$ 14.91 million
+0.00%
48 Origin Dollar OUSD $ 1.000
$ 7.58M
$ 7.58 million
-0.11%
49 BiLira TRYB $ 0.0226
$ 3.83M
$ 3.83 million
+0.00%
50 Fei Protocol FEI $ 1.05
$ 3.58M
$ 3.58 million
+4.24%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Resolv RESOLV $ 0.0631
$ 21.60M
$ 21.60 million
+6.06%
USDS USDS $ 1.00
$ 11.59B
$ 11.59 billion
+0.56%
Binance USD BUSD $ 1.00
$ 55.88M
$ 55.88 million
+0.28%
Agora AUSD $ 1.00
$ 146.85M
$ 146.85 million
+0.21%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.19%
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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