Stablecoins

228 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
$ 184.47B
$ 184.47 billion
-0.04%
2 USDC USDC $ 1.00
$ 73.39B
$ 73.39 billion
-0.04%
3 USDS USDS $ 0.993
$ 9.57B
$ 9.57 billion
-0.45%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.01B
$ 9.01 billion
+0.13%
5 Ethena USDe USDE $ 0.999
$ 6.47B
$ 6.47 billion
-0.03%
6 World Liberty Financial USD USD1 $ 1.00
$ 5.38B
$ 5.38 billion
-0.03%
7 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
-0.01%
8 PayPal USD PYUSD $ 1.00
$ 3.75B
$ 3.75 billion
+0.06%
9 PAX Gold PAXG $ 5,051.22
$ 2.32B
$ 2.32 billion
+0.52%
10 Global Dollar USDG $ 1.000
$ 1.58B
$ 1.58 billion
-0.05%
11 Ripple USD RLUSD $ 1.00
$ 1.42B
$ 1.42 billion
+0.11%
12 USDD USDD $ 1.000
$ 1.01B
$ 1.01 billion
-0.01%
13 United Stables U $ 1.00
$ 735.41M
$ 735.41 million
+0.03%
14 TrueUSD TUSD $ 0.998
$ 493.70M
$ 493.70 million
+0.01%
15 EURC EURC $ 1.19
$ 453.91M
$ 453.91 million
-0.07%
16 First Digital USD FDUSD $ 1.000
$ 397.63M
$ 397.63 million
-0.11%
17 Legacy Frax Dollar FRAX $ 0.992
$ 273.88M
$ 273.88 million
-0.04%
18 Agora AUSD $ 1.00
$ 175.49M
$ 175.49 million
+0.09%
19 Curve.Fi USD Stablecoin CRVUSD $ 0.964
$ 142.66M
$ 142.66 million
-1.15%
20 DOLA DOLA $ 0.991
$ 116.41M
$ 116.41 million
-0.53%
21 Binance USD BUSD $ 0.998
$ 55.72M
$ 55.72 million
-0.43%
22 EURITE EURI $ 1.19
$ 49.39M
$ 49.39 million
-0.07%
23 Gemini dollar GUSD $ 1.00
$ 47.11M
$ 47.11 million
-0.10%
24 Pax Dollar USDP $ 1.000
$ 45.54M
$ 45.54 million
-0.05%
25 BOLD Stablecoin BOLD $ 1.00
$ 39.07M
$ 39.07 million
-0.01%
26 sUSD Synthetix SUSD $ 0.675
$ 35.39M
$ 35.39 million
-0.77%
27 TerraClassicUSD USTC $ 0.00497
$ 27.72M
$ 27.72 million
+5.90%
28 XUSD XUSD $ 1.00
$ 25.30M
$ 25.30 million
+0.01%
29 Resolv RESOLV $ 0.0581
$ 20.69M
$ 20.69 million
-8.10%
30 Tether America USD USAT $ 1.00
$ 20.03M
$ 20.03 million
+0.01%
31 StablR Euro EURR $ 1.17
$ 13.13M
$ 13.13 million
-0.86%
32 Worldwide USD WUSD $ 0.997
$ 11.32M
$ 11.32 million
-0.14%
33 StablR USD USDR $ 0.999
$ 6.83M
$ 6.83 million
+0.03%
34 Quantoz USDQ USDQ $ 1.00
$ 6.16M
$ 6.16 million
-0.00%
35 Reservoir DAM $ 0.0138
$ 4.72M
$ 4.72 million
-2.96%

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

36 Usual USD USD0 $ 1.99
$ 1.16B
$ 1.16 billion
-0.19%
37 Resupply USD reUSD $ 4.07
$ 204.58M
$ 204.58 million
-4.41%
38 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 166.38M
$ 166.38 million
-0.04%
39 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.27M
$ 63.27 million
+0.01%
40 Anchored Coins EUR AEUR $ 1.19
$ 56.59M
$ 56.59 million
+0.18%
41 Decentralized Social DESO $ 5.91
$ 52.52M
$ 52.52 million
+0.33%
42 TerraUSD UST $ 0.00493
$ 48.34M
$ 48.34 million
+6.49%
43 Liquity USD LUSD $ 0.999
$ 35.59M
$ 35.59 million
-0.04%
44 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.93M
$ 25.93 million
+0.03%
45 Euro Tether EURT $ 0.528
$ 21.14M
$ 21.14 million
-20.32%
46 Celo Dollar CUSD $ 1.00
$ 14.82M
$ 14.82 million
+0.03%
47 XSGD XSGD $ 0.792
$ 13.95M
$ 13.95 million
+0.28%
48 Origin Dollar OUSD $ 0.997
$ 8.45M
$ 8.45 million
-0.01%
49 USD Base Coin USDBC $ 1.00
$ 7.52M
$ 7.52 million
+0.11%
50 Fei Protocol FEI $ 0.977
$ 3.33M
$ 3.33 million
-0.53%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
TerraClassicUSD USTC $ 0.00497
$ 27.72M
$ 27.72 million
+5.90%
PAX Gold PAXG $ 5,051.22
$ 2.32B
$ 2.32 billion
+0.52%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.01B
$ 9.01 billion
+0.13%
Ripple USD RLUSD $ 1.00
$ 1.42B
$ 1.42 billion
+0.11%
Agora AUSD $ 1.00
$ 175.49M
$ 175.49 million
+0.09%
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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