Stablecoins

254 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 $ 1.000
$ 184.10B
$ 184.10 billion
-0.06%
2 USDC USDC $ 1.000
$ 77.83B
$ 77.83 billion
-0.03%
3 USDS USDS $ 1.00
$ 11.55B
$ 11.55 billion
+0.62%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.29%
5 Ethena USDe USDE $ 1.00
$ 6.15B
$ 6.15 billion
+0.08%
6 Dai DAI $ 0.998
$ 5.13B
$ 5.13 billion
-0.17%
7 World Liberty Financial USD USD1 $ 0.999
$ 4.47B
$ 4.47 billion
-0.05%
8 PayPal USD PYUSD $ 1.000
$ 3.94B
$ 3.94 billion
+0.90%
9 PAX Gold PAXG $ 4,791.17
$ 2.46B
$ 2.46 billion
+3.33%
10 Global Dollar USDG $ 1.00
$ 1.96B
$ 1.96 billion
+0.07%
11 USDD USDD $ 0.999
$ 1.54B
$ 1.54 billion
+0.00%
12 Ripple USD RLUSD $ 1.00
$ 1.46B
$ 1.46 billion
-0.04%
13 United Stables U $ 1.00
$ 994.99M
$ 994.99 million
+0.03%
14 Legacy Frax Dollar FRAX $ 2.37
$ 654.12M
$ 654.12 million
+3.41%
15 Usual USD USD0 $ 1.00
$ 566.99M
$ 566.99 million
-56.09%
16 TrueUSD TUSD $ 0.999
$ 493.85M
$ 493.85 million
-0.07%
17 EURC EURC $ 1.17
$ 416.80M
$ 416.80 million
+1.15%
18 First Digital USD FDUSD $ 1.000
$ 394.04M
$ 394.04 million
+0.01%
19 Agora AUSD $ 1.000
$ 158.74M
$ 158.74 million
-0.09%
20 Binance USD BUSD $ 1.000
$ 55.79M
$ 55.79 million
-0.17%
21 Mezo USD MUSD $ 1.00
$ 50.00M
$ 50.00 million
-0.09%
22 EURITE EURI $ 1.17
$ 48.34M
$ 48.34 million
+1.15%
23 XUSD XUSD $ 1.000
$ 47.95M
$ 47.95 million
-0.01%
24 Pax Dollar USDP $ 1.00
$ 45.56M
$ 45.56 million
-0.00%
25 Gemini dollar GUSD $ 1.00
$ 35.71M
$ 35.71 million
+0.05%
26 BOLD Stablecoin BOLD $ 1.00
$ 30.92M
$ 30.92 million
-0.08%
27 TerraClassicUSD USTC $ 0.00463
$ 25.82M
$ 25.82 million
+1.40%
28 Tether America USD USAT $ 1.00
$ 20.02M
$ 20.02 million
+0.02%
29 Reservoir DAM $ 0.0501
$ 17.06M
$ 17.06 million
-0.21%
30 XSGD XSGD $ 0.783
$ 16.32M
$ 16.32 million
+0.46%
31 Resolv RESOLV $ 0.0382
$ 14.37M
$ 14.37 million
-0.16%
32 StablR Euro EURR $ 1.16
$ 12.99M
$ 12.99 million
+0.57%
33 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
-0.03%
34 USD Base Coin USDBC $ 1.000
$ 7.04M
$ 7.04 million
-0.08%
35 StablR USD USDR $ 1.000
$ 6.02M
$ 6.02 million
+0.07%
36 Quantoz USDQ USDQ $ 0.997
$ 5.99M
$ 5.99 million
-0.29%

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

37 Curve.Fi USD Stablecoin CRVUSD $ 2.33
$ 618.56M
$ 618.56 million
+4.09%
38 Curve.fi DAI/USDC/USDT 3CRV $ 2.37
$ 381.08M
$ 381.08 million
+10.60%
39 Resupply USD reUSD $ 1.95
$ 97.94M
$ 97.94 million
+9.95%
40 sUSD Synthetix SUSD $ 1.66
$ 87.95M
$ 87.95 million
+8.86%
41 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.53M
$ 63.53 million
+0.04%
42 Anchored Coins EUR AEUR $ 1.16
$ 54.78M
$ 54.78 million
+0.93%
43 TerraUSD UST $ 0.00470
$ 46.05M
$ 46.05 million
+3.54%
44 Decentralized Social DESO $ 4.64
$ 41.26M
$ 41.26 million
-0.60%
45 Liquity USD LUSD $ 1.00
$ 35.50M
$ 35.50 million
+0.09%
46 Bucket Protocol BUCK Stablecoin BUCK $ 1.000
$ 26.13M
$ 26.13 million
+0.03%
47 Celo Dollar CUSD $ 1.00
$ 14.86M
$ 14.86 million
+0.00%
48 Origin Dollar OUSD $ 1.00
$ 7.64M
$ 7.64 million
+0.10%
49 Euro Tether EURT $ 0.119
$ 4.78M
$ 4.78 million
+0.67%
50 Fei Protocol FEI $ 1.02
$ 3.46M
$ 3.46 million
-1.80%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Legacy Frax Dollar FRAX $ 2.37
$ 654.12M
$ 654.12 million
+3.41%
PAX Gold PAXG $ 4,791.17
$ 2.46B
$ 2.46 billion
+3.33%
TerraClassicUSD USTC $ 0.00463
$ 25.82M
$ 25.82 million
+1.40%
EURC EURC $ 1.17
$ 416.80M
$ 416.80 million
+1.15%
EURITE EURI $ 1.17
$ 48.34M
$ 48.34 million
+1.15%
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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