Stablecoins

267 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 $ 1.000
$ 189.83B
$ 189.83 billion
-0.01%
2 USDC USDC $ 1.000
$ 77.00B
$ 77.00 billion
-0.01%
3 USDS USDS $ 0.996
$ 11.16B
$ 11.16 billion
-0.29%
4 Binance-Peg BSC-USD BSC-USD $ 1.07
$ 9.59B
$ 9.59 billion
+10.02%
5 Dai DAI $ 1.00
$ 5.16B
$ 5.16 billion
+0.39%
6 World Liberty Financial USD USD1 $ 0.999
$ 4.42B
$ 4.42 billion
-0.21%
7 Ethena USDe USDE $ 1.00
$ 3.97B
$ 3.97 billion
-0.00%
8 PayPal USD PYUSD $ 1.00
$ 3.47B
$ 3.47 billion
+0.02%
9 Global Dollar USDG $ 1.000
$ 3.03B
$ 3.03 billion
-0.01%
10 PAX Gold PAXG $ 4,534.51
$ 2.13B
$ 2.13 billion
-0.16%
11 Ripple USD RLUSD $ 1.00
$ 1.49B
$ 1.49 billion
-0.02%
12 USDD USDD $ 0.999
$ 1.48B
$ 1.48 billion
+0.02%
13 United Stables U $ 0.999
$ 994.78M
$ 994.78 million
-0.01%
14 TrueUSD TUSD $ 1.000
$ 494.33M
$ 494.33 million
+0.00%
15 EURC EURC $ 1.16
$ 448.14M
$ 448.14 million
-0.06%
16 First Digital USD FDUSD $ 0.998
$ 393.73M
$ 393.73 million
-0.00%
17 Legacy Frax Dollar FRAX $ 0.994
$ 274.32M
$ 274.32 million
+0.26%
18 Binance USD BUSD $ 1.03
$ 57.28M
$ 57.28 million
+5.99%
19 EURITE EURI $ 1.16
$ 48.02M
$ 48.02 million
-0.05%
20 XUSD XUSD $ 1.00
$ 47.97M
$ 47.97 million
-0.00%
21 Pax Dollar USDP $ 1.00
$ 45.56M
$ 45.56 million
+0.06%
22 Gemini dollar GUSD $ 1.00
$ 37.70M
$ 37.70 million
-0.05%
23 TerraClassicUSD USTC $ 0.00655
$ 36.50M
$ 36.50 million
+0.77%
24 Liquity USD LUSD $ 1.00
$ 35.45M
$ 35.45 million
-0.28%
25 Tether America USD USAT $ 0.998
$ 19.97M
$ 19.97 million
-0.05%
26 XSGD XSGD $ 0.782
$ 14.51M
$ 14.51 million
-0.02%
27 StablR Euro EURR $ 1.15
$ 12.94M
$ 12.94 million
-0.09%
28 Resolv RESOLV $ 0.0306
$ 12.06M
$ 12.06 million
-7.96%
29 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
+0.00%
30 USD Base Coin USDBC $ 1.00
$ 7.08M
$ 7.08 million
-0.04%
31 StablR USD USDR $ 1.000
$ 7.02M
$ 7.02 million
+0.03%
32 Quantoz USDQ USDQ $ 1.00
$ 6.01M
$ 6.01 million
+0.02%
33 Reservoir DAM $ 0.0140
$ 5.45M
$ 5.45 million
-0.01%
34 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.10M
$ 5.10 million
+0.00%

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

35 Curve.Fi USD Stablecoin CRVUSD $ 2.96
$ 706.97M
$ 706.97 million
-0.66%
36 Usual USD USD0 $ 0.999
$ 564.29M
$ 564.29 million
+0.05%
37 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 167.25M
$ 167.25 million
+0.89%
38 Mezo USD MUSD $ 3.06
$ 152.92M
$ 152.92 million
+39.84%
39 Resupply USD reUSD $ 2.99
$ 150.27M
$ 150.27 million
+0.16%
40 Agora AUSD $ 1.000
$ 132.80M
$ 132.80 million
-0.08%
41 sUSD Synthetix SUSD $ 1.92
$ 102.25M
$ 102.25 million
-1.47%
42 TerraUSD UST $ 0.00662
$ 64.95M
$ 64.95 million
+0.67%
43 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.75M
$ 63.75 million
+0.14%
44 USDsui USDsui $ 1.000
$ 55.95M
$ 55.95 million
+0.20%
45 Anchored Coins EUR AEUR $ 1.15
$ 54.41M
$ 54.41 million
-0.06%
46 Decentralized Social DESO $ 3.76
$ 33.44M
$ 33.44 million
+0.02%
47 BOLD Stablecoin BOLD $ 1.01
$ 31.95M
$ 31.95 million
+0.39%
48 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.98M
$ 25.98 million
-0.07%
49 Origin Dollar OUSD $ 3.05
$ 16.64M
$ 16.64 million
+37.71%
50 Euro Tether EURT $ 0.0987
$ 3.95M
$ 3.95 million
+52.10%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 1.07
$ 9.59B
$ 9.59 billion
+10.02%
Binance USD BUSD $ 1.03
$ 57.28M
$ 57.28 million
+5.99%
TerraClassicUSD USTC $ 0.00655
$ 36.50M
$ 36.50 million
+0.77%
Dai DAI $ 1.00
$ 5.16B
$ 5.16 billion
+0.39%
Legacy Frax Dollar FRAX $ 0.994
$ 274.32M
$ 274.32 million
+0.26%
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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