Stablecoins

229 coins #11

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 $ 0.999
$ 184.18B
$ 184.18 billion
-0.13%
2 USDC USDC $ 1.00
$ 73.37B
$ 73.37 billion
-0.03%
3 USDS USDS $ 0.983
$ 9.48B
$ 9.48 billion
-0.77%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.05%
5 Ethena USDe USDE $ 1.00
$ 6.47B
$ 6.47 billion
+0.14%
6 World Liberty Financial USD USD1 $ 1.000
$ 5.37B
$ 5.37 billion
+0.02%
7 Dai DAI $ 1.00
$ 5.14B
$ 5.14 billion
-0.06%
8 PayPal USD PYUSD $ 1.000
$ 3.75B
$ 3.75 billion
+0.05%
9 PAX Gold PAXG $ 5,062.63
$ 2.32B
$ 2.32 billion
+0.61%
10 Global Dollar USDG $ 1.000
$ 1.58B
$ 1.58 billion
-0.03%
11 Ripple USD RLUSD $ 1.00
$ 1.42B
$ 1.42 billion
-0.04%
12 USDD USDD $ 1.000
$ 1.01B
$ 1.01 billion
+0.01%
13 United Stables U $ 1.00
$ 735.29M
$ 735.29 million
-0.00%
14 TrueUSD TUSD $ 0.997
$ 493.25M
$ 493.25 million
-0.08%
15 EURC EURC $ 1.19
$ 454.40M
$ 454.40 million
+0.11%
16 First Digital USD FDUSD $ 0.999
$ 397.22M
$ 397.22 million
-0.06%
17 Legacy Frax Dollar FRAX $ 0.994
$ 274.30M
$ 274.30 million
+0.08%
18 Agora AUSD $ 1.00
$ 175.17M
$ 175.17 million
-0.30%
19 Curve.Fi USD Stablecoin CRVUSD $ 0.964
$ 142.70M
$ 142.70 million
+0.32%
20 DOLA DOLA $ 0.998
$ 117.25M
$ 117.25 million
-0.66%
21 Binance USD BUSD $ 1.00
$ 55.86M
$ 55.86 million
-0.01%
22 EURITE EURI $ 1.19
$ 49.43M
$ 49.43 million
+0.10%
23 Gemini dollar GUSD $ 1.00
$ 47.12M
$ 47.12 million
+0.01%
24 Pax Dollar USDP $ 1.00
$ 45.57M
$ 45.57 million
-0.00%
25 BOLD Stablecoin BOLD $ 1.00
$ 39.07M
$ 39.07 million
-0.10%
26 sUSD Synthetix SUSD $ 0.672
$ 35.24M
$ 35.24 million
-0.64%
27 TerraClassicUSD USTC $ 0.00470
$ 26.25M
$ 26.25 million
+1.53%
28 XUSD XUSD $ 1.00
$ 25.29M
$ 25.29 million
-0.05%
29 Resolv RESOLV $ 0.0603
$ 21.44M
$ 21.44 million
-1.11%
30 Tether America USD USAT $ 1.00
$ 20.03M
$ 20.03 million
-0.01%
31 XSGD XSGD $ 0.792
$ 13.95M
$ 13.95 million
+0.33%
32 StablR Euro EURR $ 1.16
$ 13.06M
$ 13.06 million
-1.16%
33 Worldwide USD WUSD $ 1.000
$ 11.35M
$ 11.35 million
+0.13%
34 USD Base Coin USDBC $ 1.00
$ 7.54M
$ 7.54 million
+0.38%
35 StablR USD USDR $ 0.998
$ 6.83M
$ 6.83 million
-0.06%
36 Quantoz USDQ USDQ $ 1.00
$ 6.16M
$ 6.16 million
+0.00%
37 Reservoir DAM $ 0.0136
$ 4.62M
$ 4.62 million
-2.24%

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

38 Usual USD USD0 $ 2.01
$ 1.17B
$ 1.17 billion
+0.63%
39 Resupply USD reUSD $ 4.01
$ 201.98M
$ 201.98 million
-4.47%
40 Curve.fi DAI/USDC/USDT 3CRV $ 1.05
$ 168.31M
$ 168.31 million
+0.83%
41 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.27M
$ 63.27 million
+0.01%
42 Anchored Coins EUR AEUR $ 1.19
$ 56.66M
$ 56.66 million
+0.32%
43 Decentralized Social DESO $ 5.89
$ 52.36M
$ 52.36 million
-0.00%
44 TerraUSD UST $ 0.00477
$ 46.73M
$ 46.73 million
+3.80%
45 Liquity USD LUSD $ 1.000
$ 35.60M
$ 35.60 million
-0.01%
46 Bucket Protocol BUCK Stablecoin BUCK $ 1.000
$ 25.92M
$ 25.92 million
+0.02%
47 Euro Tether EURT $ 0.514
$ 20.55M
$ 20.55 million
-7.02%
48 Celo Dollar CUSD $ 1.00
$ 15.05M
$ 15.05 million
-0.17%
49 Origin Dollar OUSD $ 0.997
$ 8.45M
$ 8.45 million
-0.02%
50 Fei Protocol FEI $ 0.966
$ 3.29M
$ 3.29 million
-1.54%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
TerraClassicUSD USTC $ 0.00470
$ 26.25M
$ 26.25 million
+1.53%
PAX Gold PAXG $ 5,062.63
$ 2.32B
$ 2.32 billion
+0.61%
USD Base Coin USDBC $ 1.00
$ 7.54M
$ 7.54 million
+0.38%
XSGD XSGD $ 0.792
$ 13.95M
$ 13.95 million
+0.33%
Curve.Fi USD Stablecoin CRVUSD $ 0.964
$ 142.70M
$ 142.70 million
+0.32%
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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