Stablecoins

223 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
$ 187.03B
$ 187.03 billion
+0.07%
2 USDC USDC $ 1.00
$ 75.85B
$ 75.85 billion
+0.08%
3 USDS USDS $ 1.00
$ 9.70B
$ 9.70 billion
-0.15%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.36%
5 Ethena USDe USDE $ 1.000
$ 6.47B
$ 6.47 billion
-0.05%
6 Dai DAI $ 0.999
$ 5.14B
$ 5.14 billion
-0.09%
7 PayPal USD PYUSD $ 1.000
$ 3.68B
$ 3.68 billion
+0.09%
8 World Liberty Financial USD USD1 $ 0.999
$ 3.41B
$ 3.41 billion
-0.24%
9 PAX Gold PAXG $ 4,692.72
$ 1.80B
$ 1.80 billion
+1.32%
10 Global Dollar USDG $ 1.00
$ 1.60B
$ 1.60 billion
+0.04%
11 Ripple USD RLUSD $ 1.00
$ 1.41B
$ 1.41 billion
+0.05%
12 USDD USDD $ 1.000
$ 1.11B
$ 1.11 billion
-0.02%
13 Usual USD USD0 $ 0.998
$ 607.94M
$ 607.94 million
-0.37%
14 United Stables U $ 1.00
$ 575.24M
$ 575.24 million
+0.05%
15 First Digital USD FDUSD $ 0.999
$ 503.36M
$ 503.36 million
+0.07%
16 TrueUSD TUSD $ 0.999
$ 493.84M
$ 493.84 million
+0.00%
17 EURC EURC $ 1.16
$ 356.72M
$ 356.72 million
+0.40%
18 Legacy Frax Dollar FRAX $ 0.991
$ 273.75M
$ 273.75 million
-0.22%
19 Agora AUSD $ 0.999
$ 178.09M
$ 178.09 million
-0.18%
20 Curve.Fi USD Stablecoin CRVUSD $ 0.992
$ 146.89M
$ 146.89 million
-0.29%
21 DOLA DOLA $ 0.997
$ 135.44M
$ 135.44 million
-0.37%
22 Binance USD BUSD $ 1.00
$ 55.89M
$ 55.89 million
-0.42%
23 sUSD Synthetix SUSD $ 0.830
$ 51.82M
$ 51.82 million
-0.92%
24 EURITE EURI $ 1.16
$ 48.07M
$ 48.07 million
+0.41%
25 Gemini dollar GUSD $ 1.00
$ 47.11M
$ 47.11 million
-0.00%
26 Pax Dollar USDP $ 1.00
$ 45.56M
$ 45.56 million
-0.02%
27 BOLD Stablecoin BOLD $ 1.00
$ 39.49M
$ 39.49 million
+0.06%
28 TerraClassicUSD USTC $ 0.00671
$ 37.45M
$ 37.45 million
-6.14%
29 Resolv RESOLV $ 0.0896
$ 31.60M
$ 31.60 million
+13.38%
30 XUSD XUSD $ 1.00
$ 25.29M
$ 25.29 million
+0.02%
31 StablR Euro EURR $ 1.16
$ 13.01M
$ 13.01 million
+0.24%
32 XSGD XSGD $ 0.779
$ 12.77M
$ 12.77 million
+0.23%
33 Worldwide USD WUSD $ 1.000
$ 11.35M
$ 11.35 million
-0.00%
34 Reservoir DAM $ 0.0293
$ 9.00M
$ 9.00 million
-3.05%
35 USD Base Coin USDBC $ 0.999
$ 8.05M
$ 8.05 million
-1.18%
36 StablR USD USDR $ 0.999
$ 6.83M
$ 6.83 million
-0.03%
37 Quantoz USDQ USDQ $ 1.00
$ 6.16M
$ 6.16 million
-0.01%

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

38 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 167.25M
$ 167.25 million
-0.33%
39 TerraUSD UST $ 0.00677
$ 66.38M
$ 66.38 million
-5.96%
40 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.19M
$ 63.19 million
+0.01%
41 Anchored Coins EUR AEUR $ 1.16
$ 54.99M
$ 54.99 million
-0.15%
42 Decentralized Social DESO $ 5.95
$ 52.89M
$ 52.89 million
-0.53%
43 Resupply USD reUSD $ 0.990
$ 49.91M
$ 49.91 million
-0.12%
44 Liquity USD LUSD $ 1.00
$ 35.72M
$ 35.72 million
+0.00%
45 Euro Tether EURT $ 0.691
$ 27.63M
$ 27.63 million
-5.89%
46 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.95M
$ 25.95 million
-0.02%
47 Celo Dollar CUSD $ 0.999
$ 15.52M
$ 15.52 million
-0.09%
48 Origin Dollar OUSD $ 1.00
$ 8.80M
$ 8.80 million
+0.52%
49 Fei Protocol FEI $ 0.979
$ 3.37M
$ 3.37 million
+1.72%
50 Vai VAI $ 0.999
$ 2.55M
$ 2.55 million
-0.12%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
Resolv RESOLV $ 0.0896
$ 31.60M
$ 31.60 million
+13.38%
PAX Gold PAXG $ 4,692.72
$ 1.80B
$ 1.80 billion
+1.32%
EURITE EURI $ 1.16
$ 48.07M
$ 48.07 million
+0.41%
EURC EURC $ 1.16
$ 356.72M
$ 356.72 million
+0.40%
StablR Euro EURR $ 1.16
$ 13.01M
$ 13.01 million
+0.24%
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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