Stablecoins

314 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 Live Price Market cap 24h
1 Tether USD USDT $ 1.00
$ 183.13B
$ 183.13 billion
+0.00%
2 USDC USDC $ 1.00
$ 71.92B
$ 71.92 billion
+0.00%
3 USDS USDS $ 1.00
$ 9.80B
$ 9.80 billion
-0.04%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.27B
$ 9.27 billion
-1.31%
5 Dai DAI $ 1.00
$ 5.21B
$ 5.21 billion
-0.02%
6 World Liberty Financial USD USD1 $ 1.000
$ 3.99B
$ 3.99 billion
+0.01%
7 Ethena USDe USDE $ 1.00
$ 3.96B
$ 3.96 billion
-0.02%
8 Global Dollar USDG $ 1.00
$ 3.47B
$ 3.47 billion
+0.08%
9 PayPal USD PYUSD $ 1.00
$ 2.77B
$ 2.77 billion
+0.00%
10 Ripple USD RLUSD $ 1.00
$ 1.94B
$ 1.94 billion
-0.00%
11 PAX Gold PAXG $ 4,376.35
$ 1.91B
$ 1.91 billion
+0.02%
12 USDD USDD $ 1.000
$ 1.57B
$ 1.57 billion
+0.00%
13 United Stables U $ 1.00
$ 1.24B
$ 1.24 billion
-0.00%
14 Falcon USD USDF $ 0.995
$ 1.17B
$ 1.17 billion
-0.15%
15 Gho Token GHO $ 0.999
$ 698.04M
$ 698.04 million
-0.03%
16 TrueUSD TUSD $ 0.999
$ 494.01M
$ 494.01 million
+0.02%
17 EURC EURC $ 1.16
$ 465.19M
$ 465.19 million
-0.10%
18 First Digital USD FDUSD $ 1.00
$ 351.01M
$ 351.01 million
+0.01%
19 Tether America USD USAT $ 0.999
$ 185.37M
$ 185.37 million
+0.03%
20 XUSD XUSD $ 1.00
$ 45.24M
$ 45.24 million
+0.01%
21 EURITE EURI $ 1.16
$ 37.74M
$ 37.74 million
-0.02%
22 Gemini dollar GUSD $ 1.00
$ 30.56M
$ 30.56 million
+0.08%
23 Pax Dollar USDP $ 1.000
$ 29.65M
$ 29.65 million
-0.02%
24 TerraClassicUSD USTC $ 0.00489
$ 27.25M
$ 27.25 million
-0.68%
25 XSGD XSGD $ 0.781
$ 12.21M
$ 12.21 million
-0.21%
26 Resolv RESOLV $ 0.0176
$ 8.09M
$ 8.09 million
+1.44%
27 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 6.15M
$ 6.15 million
+0.20%
28 Quantoz USDQ USDQ $ 0.992
$ 5.69M
$ 5.69 million
-0.01%
29 Quantoz EURQ EURQ $ 1.14
$ 5.25M
$ 5.25 million
+0.06%
30 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.35M
$ 2.35 million
-0.01%

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

31 Ethena Staked USDe sUSDe $ 81,766.39
$ 254.78T
$ 254.78 trillion
+6.70M%
32 USD Base Coin USDBC $ 3,762.64
$ 21.59B
$ 21.59 billion
+185.86%
33 Ondo US Dollar Yield USDY $ 1.14
$ 2.15B
$ 2.15 billion
+0.11%
34 Usual USD USD0 $ 0.999
$ 553.72M
$ 553.72 million
-0.00%
35 Solstice USX USX $ 1.000
$ 506.80M
$ 506.80 million
+0.00%
36 USD0 Liquid Bond bUSD0 $ 0.965
$ 497.36M
$ 497.36 million
-0.02%
37 Ethena Labs (USDTb) USDTb $ 1.00
$ 358.22M
$ 358.22 million
+0.00%
38 Legacy Frax Dollar FRAX $ 0.978
$ 217.21M
$ 217.21 million
-0.71%
39 Agora AUSD $ 0.997
$ 212.30M
$ 212.30 million
-0.08%
40 Curve.Fi USD Stablecoin CRVUSD $ 0.982
$ 210.16M
$ 210.16 million
-0.00%
41 EUR CoinVertible EURCV $ 1.16
$ 159.85M
$ 159.85 million
-0.12%
42 GUSD GUSD $ 1.000
$ 149.37M
$ 149.37 million
+0.03%
43 Frax USD FRXUSD $ 1.00
$ 112.21M
$ 112.21 million
-0.04%
44 Lista USD lisUSD $ 0.998
$ 67.13M
$ 67.13 million
+0.06%
45 Fidelity Digital Dollar FIDD $ 1.000
$ 49.07M
$ 49.07 million
-0.25%
46 Binance USD BUSD $ 1.00
$ 37.89M
$ 37.89 million
+0.04%
47 BOLD Stablecoin BOLD $ 1.00
$ 30.75M
$ 30.75 million
+0.00%
48 Liquity USD LUSD $ 1.000
$ 28.07M
$ 28.07 million
-0.04%
49 sUSD Synthetix SUSD $ 0.523
$ 25.79M
$ 25.79 million
-16.03%
50 agEUR AGEUR $ 1.04
$ 21.72M
$ 21.72 million
-9.95%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0176
$ 8.09M
$ 8.09 million
+1.44%
Kyrgyz Som Stablecoin KGST $ 0.0114
$ 6.15M
$ 6.15 million
+0.20%
Global Dollar USDG $ 1.00
$ 3.47B
$ 3.47 billion
+0.08%
Gemini dollar GUSD $ 1.00
$ 30.56M
$ 30.56 million
+0.08%
Quantoz EURQ EURQ $ 1.14
$ 5.25M
$ 5.25 million
+0.06%
All Gainers

Market Cap

$ -- --%
Pro Chart

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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