Stablecoins

226 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
$ 186.95B
$ 186.95 billion
+0.02%
2 USDC USDC $ 1.00
$ 76.94B
$ 76.94 billion
-0.01%
3 USDS USDS $ 0.989
$ 9.82B
$ 9.82 billion
+0.54%
4 Ethena USDe USDE $ 0.999
$ 6.53B
$ 6.53 billion
-0.02%
5 Dai DAI $ 1.00
$ 5.00B
$ 5.00 billion
+0.00%
6 PayPal USD PYUSD $ 1.000
$ 3.85B
$ 3.85 billion
-0.01%
7 World Liberty Financial USD USD1 $ 0.999
$ 2.72B
$ 2.72 billion
+0.05%
8 PAX Gold PAXG $ 4,508.28
$ 1.61B
$ 1.61 billion
+0.98%
9 Global Dollar USDG $ 1.00
$ 1.52B
$ 1.52 billion
+0.05%
10 Ripple USD RLUSD $ 1.00
$ 1.34B
$ 1.34 billion
+0.07%
11 First Digital USD FDUSD $ 0.999
$ 518.05M
$ 518.05 million
-0.03%
12 USDD USDD $ 1.000
$ 497.80M
$ 497.80 million
-0.01%
13 TrueUSD TUSD $ 0.998
$ 493.51M
$ 493.51 million
+0.24%
14 EURC EURC $ 1.18
$ 285.46M
$ 285.46 million
+0.29%
15 Legacy Frax Dollar FRAX $ 0.992
$ 278.10M
$ 278.10 million
-0.06%
16 Agora AUSD $ 0.999
$ 197.46M
$ 197.46 million
-0.08%
17 Curve.Fi USD Stablecoin CRVUSD $ 1.00
$ 148.11M
$ 148.11 million
-0.06%
18 sUSD Synthetix SUSD $ 0.904
$ 56.83M
$ 56.83 million
+0.42%
19 Binance USD BUSD $ 1.000
$ 56.19M
$ 56.19 million
-0.42%
20 Pax Dollar USDP $ 1.000
$ 49.54M
$ 49.54 million
-0.00%
21 EURITE EURI $ 1.18
$ 49.34M
$ 49.34 million
+0.31%
22 Gemini dollar GUSD $ 1.00
$ 45.86M
$ 45.86 million
+0.09%
23 Decentralized Social DESO $ 4.71
$ 41.83M
$ 41.83 million
-3.04%
24 TerraClassicUSD USTC $ 0.00661
$ 36.91M
$ 36.91 million
-4.06%
25 Liquity USD LUSD $ 1.00
$ 36.90M
$ 36.90 million
+0.13%
26 Euro Tether EURT $ 0.714
$ 28.58M
$ 28.58 million
-12.57%
27 Resolv RESOLV $ 0.0736
$ 25.72M
$ 25.72 million
+1.58%
28 XUSD XUSD $ 1.00
$ 21.49M
$ 21.49 million
+0.01%
29 StablR Euro EURR $ 1.17
$ 13.94M
$ 13.94 million
+0.10%
30 Worldwide USD WUSD $ 1.000
$ 12.48M
$ 12.48 million
+0.03%
31 USD Base Coin USDBC $ 1.00
$ 8.69M
$ 8.69 million
-0.01%
32 StablR USD USDR $ 1.01
$ 7.35M
$ 7.35 million
+0.61%
33 Quantoz USDQ USDQ $ 0.999
$ 6.65M
$ 6.65 million
-0.17%
34 Reservoir DAM $ 0.0175
$ 5.39M
$ 5.39 million
+4.49%

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

35 Usual USD USD0 $ 0.998
$ 560.56M
$ 560.56 million
-0.03%
36 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 166.39M
$ 166.39 million
-0.56%
37 DOLA DOLA $ 0.998
$ 124.28M
$ 124.28 million
+0.08%
38 TerraUSD UST $ 0.00672
$ 65.93M
$ 65.93 million
-4.03%
39 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 65.28M
$ 65.28 million
+0.08%
40 Anchored Coins EUR AEUR $ 1.14
$ 54.14M
$ 54.14 million
+0.09%
41 Resupply USD reUSD $ 0.992
$ 52.17M
$ 52.17 million
+0.07%
42 BOLD Stablecoin BOLD $ 0.999
$ 41.62M
$ 41.62 million
+0.08%
43 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.98M
$ 25.98 million
-0.08%
44 Celo Dollar CUSD $ 1.000
$ 15.61M
$ 15.61 million
-0.21%
45 XSGD XSGD $ 0.778
$ 13.06M
$ 13.06 million
+0.35%
46 Fei Protocol FEI $ 0.994
$ 3.33M
$ 3.33 million
+0.08%
47 Vai VAI $ 1.00
$ 2.36M
$ 2.36 million
+0.10%
48 Level USD LVLUSD $ 1.000
$ 1.32M
$ 1.32 million
-0.00%
49 Origin Dollar OUSD $ 0.997
$ 532,909
$ 532,909
+0.09%
50 Rupiah Token IDRT $ --
$ --
$ --
--%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
Reservoir DAM $ 0.0175
$ 5.39M
$ 5.39 million
+4.49%
Resolv RESOLV $ 0.0736
$ 25.72M
$ 25.72 million
+1.58%
PAX Gold PAXG $ 4,508.28
$ 1.61B
$ 1.61 billion
+0.98%
StablR USD USDR $ 1.01
$ 7.35M
$ 7.35 million
+0.61%
USDS USDS $ 0.989
$ 9.82B
$ 9.82 billion
+0.54%
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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