Stablecoins

309 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
$ 184.22B
$ 184.22 billion
+0.00%
2 USDC USDC $ 1.00
$ 73.22B
$ 73.22 billion
-0.00%
3 USDS USDS $ 1.000
$ 9.99B
$ 9.99 billion
-0.12%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.05B
$ 9.05 billion
-4.25%
5 Dai DAI $ 1.00
$ 5.31B
$ 5.31 billion
-0.04%
6 World Liberty Financial USD USD1 $ 1.000
$ 4.24B
$ 4.24 billion
-0.03%
7 Ethena USDe USDE $ 1.00
$ 4.02B
$ 4.02 billion
-0.01%
8 Ethena Staked USDe sUSDe $ 1.24
$ 3.86B
$ 3.86 billion
-0.18%
9 Global Dollar USDG $ 1.00
$ 3.20B
$ 3.20 billion
+0.12%
10 PayPal USD PYUSD $ 0.999
$ 2.90B
$ 2.90 billion
-0.17%
11 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
+0.08%
12 Ripple USD RLUSD $ 0.998
$ 1.97B
$ 1.97 billion
-0.19%
13 PAX Gold PAXG $ 4,057.41
$ 1.82B
$ 1.82 billion
+1.00%
14 USDD USDD $ 1.00
$ 1.52B
$ 1.52 billion
+0.00%
15 Falcon USD USDF $ 0.997
$ 1.26B
$ 1.26 billion
+0.12%
16 United Stables U $ 1.00
$ 1.05B
$ 1.05 billion
-0.02%
17 Gho Token GHO $ 0.999
$ 648.64M
$ 648.64 million
+0.30%
18 TrueUSD TUSD $ 0.997
$ 492.83M
$ 492.83 million
+0.05%
19 EURC EURC $ 1.14
$ 430.17M
$ 430.17 million
-0.10%
20 First Digital USD FDUSD $ 1.00
$ 346.69M
$ 346.69 million
+0.06%
21 Legacy Frax Dollar FRAX $ 0.994
$ 238.16M
$ 238.16 million
+0.09%
22 Curve.Fi USD Stablecoin CRVUSD $ 0.996
$ 209.44M
$ 209.44 million
+0.59%
23 Agora AUSD $ 1.00
$ 200.23M
$ 200.23 million
-0.19%
24 Tether America USD USAT $ 1.000
$ 185.42M
$ 185.42 million
-0.02%
25 XUSD XUSD $ 1.00
$ 39.53M
$ 39.53 million
+0.02%
26 Binance USD BUSD $ 1.00
$ 39.15M
$ 39.15 million
+0.83%
27 EURITE EURI $ 1.14
$ 37.45M
$ 37.45 million
-0.11%
28 TerraClassicUSD USTC $ 0.00538
$ 30.01M
$ 30.01 million
+1.86%
29 Pax Dollar USDP $ 0.997
$ 29.57M
$ 29.57 million
-0.29%
30 Gemini dollar GUSD $ 1.00
$ 29.50M
$ 29.50 million
+0.02%
31 Worldwide USD WUSD $ 0.996
$ 14.92M
$ 14.92 million
+0.06%
32 XSGD XSGD $ 0.775
$ 11.97M
$ 11.97 million
+0.03%
33 FUSD FUSD $ 1.000
$ 11.40M
$ 11.40 million
+0.04%
34 Resolv RESOLV $ 0.0202
$ 8.62M
$ 8.62 million
+1.07%
35 USD Base Coin USDBC $ 1.01
$ 5.91M
$ 5.91 million
+0.17%
36 Quantoz USDQ USDQ $ 0.978
$ 5.66M
$ 5.66 million
-1.03%
37 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.52M
$ 5.52 million
+0.03%
38 Quantoz EURQ EURQ $ 1.12
$ 5.27M
$ 5.27 million
-0.66%
39 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.36M
$ 2.36 million
-0.01%

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

40 TerraUSD UST $ 0.133
$ 1.30B
$ 1.30 billion
+270.22%
41 Usual USD USD0 $ 1.000
$ 557.19M
$ 557.19 million
+0.23%
42 Ethena Labs (USDTb) USDTb $ 1.00
$ 454.37M
$ 454.37 million
+0.02%
43 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 160.21M
$ 160.21 million
+1.18%
44 Lista USD lisUSD $ 1.00
$ 67.29M
$ 67.29 million
+0.14%
45 USDsui USDsui $ 1.00
$ 66.98M
$ 66.98 million
+0.19%
46 f(x) USD fxUSD $ 0.992
$ 60.58M
$ 60.58 million
-0.24%
47 Anchored Coins EUR AEUR $ 1.14
$ 54.21M
$ 54.21 million
-0.17%
48 Mezo USD MUSD $ 0.989
$ 49.45M
$ 49.45 million
-0.04%
49 Fidelity Digital Dollar FIDD $ 1.01
$ 48.44M
$ 48.44 million
+0.58%
50 Resupply USD reUSD $ 0.978
$ 31.31M
$ 31.31 million
-0.84%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
TerraClassicUSD USTC $ 0.00538
$ 30.01M
$ 30.01 million
+1.86%
Resolv RESOLV $ 0.0202
$ 8.62M
$ 8.62 million
+1.07%
PAX Gold PAXG $ 4,057.41
$ 1.82B
$ 1.82 billion
+1.00%
Binance USD BUSD $ 1.00
$ 39.15M
$ 39.15 million
+0.83%
Curve.Fi USD Stablecoin CRVUSD $ 0.996
$ 209.44M
$ 209.44 million
+0.59%
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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