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
$ 182.91B
$ 182.91 billion
-0.13%
2 USDC USDC $ 1.00
$ 72.55B
$ 72.55 billion
-0.09%
3 USDS USDS $ 1.00
$ 9.79B
$ 9.79 billion
-0.02%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.15B
$ 9.15 billion
+2.78%
5 Dai DAI $ 1.00
$ 4.55B
$ 4.55 billion
+0.01%
6 Ethena USDe USDE $ 1.00
$ 4.08B
$ 4.08 billion
-0.02%
7 World Liberty Financial USD USD1 $ 0.999
$ 3.96B
$ 3.96 billion
-0.08%
8 Global Dollar USDG $ 0.999
$ 3.45B
$ 3.45 billion
-0.23%
9 PayPal USD PYUSD $ 1.00
$ 2.77B
$ 2.77 billion
+0.01%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.15B
$ 2.15 billion
+0.01%
11 PAX Gold PAXG $ 4,498.64
$ 1.97B
$ 1.97 billion
+0.31%
12 Ripple USD RLUSD $ 1.000
$ 1.77B
$ 1.77 billion
-0.07%
13 USDD USDD $ 1.00
$ 1.55B
$ 1.55 billion
+0.00%
14 United Stables U $ 0.999
$ 1.27B
$ 1.27 billion
-0.13%
15 Falcon USD USDF $ 0.996
$ 1.17B
$ 1.17 billion
-0.08%
16 Gho Token GHO $ 0.999
$ 698.30M
$ 698.30 million
-0.01%
17 TrueUSD TUSD $ 0.996
$ 492.66M
$ 492.66 million
-0.41%
18 EURC EURC $ 1.17
$ 463.93M
$ 463.93 million
-0.05%
19 First Digital USD FDUSD $ 1.00
$ 351.28M
$ 351.28 million
+0.03%
20 Legacy Frax Dollar FRAX $ 0.992
$ 217.53M
$ 217.53 million
+0.64%
21 Curve.Fi USD Stablecoin CRVUSD $ 0.994
$ 212.75M
$ 212.75 million
+1.23%
22 Agora AUSD $ 1.000
$ 210.02M
$ 210.02 million
-0.05%
23 Tether America USD USAT $ 0.999
$ 184.21M
$ 184.21 million
-0.01%
24 EUR CoinVertible EURCV $ 1.17
$ 169.25M
$ 169.25 million
+0.03%
25 XUSD XUSD $ 1.00
$ 55.23M
$ 55.23 million
-0.00%
26 EURITE EURI $ 1.17
$ 38.03M
$ 38.03 million
-0.13%
27 Binance USD BUSD $ 1.00
$ 37.86M
$ 37.86 million
+0.07%
28 Gemini dollar GUSD $ 0.998
$ 30.74M
$ 30.74 million
-0.22%
29 TerraClassicUSD USTC $ 0.00517
$ 28.79M
$ 28.79 million
+4.72%
30 Pax Dollar USDP $ 0.997
$ 28.49M
$ 28.49 million
-0.24%
31 XSGD XSGD $ 0.783
$ 11.96M
$ 11.96 million
-0.34%
32 FUSD FUSD $ 1.00
$ 11.80M
$ 11.80 million
+0.00%
33 Resolv RESOLV $ 0.0183
$ 8.34M
$ 8.34 million
+3.75%
34 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 6.14M
$ 6.14 million
-0.02%
35 Quantoz USDQ USDQ $ 0.992
$ 5.69M
$ 5.69 million
+0.18%
36 Quantoz EURQ EURQ $ 1.15
$ 5.33M
$ 5.33 million
+3.32%
37 Bitshares BTS $ 0.00115
$ 3.46M
$ 3.46 million
+2.80%
38 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.35M
$ 2.35 million
-0.00%

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

39 Ethena Staked USDe sUSDe $ 1.24
$ 3.88B
$ 3.88 billion
+0.01%
40 TerraUSD UST $ 0.152
$ 1.49B
$ 1.49 billion
+3,012.24%
41 Usual USD USD0 $ 0.999
$ 553.68M
$ 553.68 million
-0.01%
42 Solstice USX USX $ 1.000
$ 506.79M
$ 506.79 million
-0.00%
43 USD0 Liquid Bond bUSD0 $ 0.965
$ 497.56M
$ 497.56 million
-0.12%
44 Ethena Labs (USDTb) USDTb $ 1.00
$ 357.66M
$ 357.66 million
+0.01%
45 GUSD GUSD $ 0.999
$ 149.34M
$ 149.34 million
+0.05%
46 STASIS EURO EURS $ 1.19
$ 148.27M
$ 148.27 million
-0.09%
47 Frax USD FRXUSD $ 1.000
$ 112.19M
$ 112.19 million
-0.03%
48 Lista USD lisUSD $ 0.998
$ 67.14M
$ 67.14 million
-0.25%
49 Fidelity Digital Dollar FIDD $ 0.999
$ 48.71M
$ 48.71 million
-0.04%
50 BOLD Stablecoin BOLD $ 1.00
$ 29.52M
$ 29.52 million
+0.03%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
TerraClassicUSD USTC $ 0.00517
$ 28.79M
$ 28.79 million
+4.72%
Resolv RESOLV $ 0.0183
$ 8.34M
$ 8.34 million
+3.75%
Quantoz EURQ EURQ $ 1.15
$ 5.33M
$ 5.33 million
+3.32%
Bitshares BTS $ 0.00115
$ 3.46M
$ 3.46 million
+2.80%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.15B
$ 9.15 billion
+2.78%
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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