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Stablecoins

330 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
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1 Tether USD USDT $1.00
$183.81B
$183.81 billion
-0.02%
2 USDC USDC $1.00
$74.78B
$74.78 billion
+0.01%
3 USDS USDS $1.00
$9.79B
$9.79 billion
+0.02%
4 Binance-Peg BSC-USD BSC-USD $1.00
$9.18B
$9.18 billion
+0.00%
5 Ethena USDe USDE $1.00
$4.90B
$4.90 billion
-0.10%
6 Dai DAI $1.000
$4.59B
$4.59 billion
+0.11%
7 World Liberty Financial USD USD1 $1.000
$4.39B
$4.39 billion
-0.05%
8 USDC (BASE) USDC $1.00
$4.31B
$4.31 billion
+0.01%
9 Ethena Staked USDe sUSDe $1.25
$3.90B
$3.90 billion
-0.00%
10 Global Dollar USDG $1.00
$3.25B
$3.25 billion
-0.06%
11 PayPal USD PYUSD $1.00
$2.72B
$2.72 billion
+0.03%
12 Ondo US Dollar Yield USDY $1.15
$2.27B
$2.27 billion
+0.03%
13 Ripple USD RLUSD $1.00
$1.97B
$1.97 billion
-0.12%
14 PAX Gold PAXG $4,164.80
$1.81B
$1.81 billion
+0.22%
15 Binance-Peg USD Coin (BNB Smart Chain) USDC $1.00
$1.59B
$1.59 billion
-0.01%
16 USDD USDD $1.00
$1.56B
$1.56 billion
+0.16%
17 United Stables U $1.000
$1.51B
$1.51 billion
-0.01%
18 Falcon USD USDF $0.998
$1.21B
$1.21 billion
+0.37%
19 Gho Token GHO $1.000
$698.89M
$698.89 million
+0.00%
20 TrueUSD TUSD $1.00
$494.49M
$494.49 million
+0.01%
21 EURC EURC $1.13
$459.76M
$459.76 million
-0.22%
22 First Digital USD FDUSD $1.00
$324.60M
$324.60 million
+0.01%
23 Agora AUSD $1.00
$223.16M
$223.16 million
+0.02%
24 Legacy Frax Dollar FRAX $0.992
$217.42M
$217.42 million
-0.37%
25 Tether America USD USAT $1.000
$183.23M
$183.23 million
-0.01%
26 JPY Coin JPYC $0.00632
$134.52M
$134.52 million
-0.27%
27 DOLA DOLA $0.998
$74.38M
$74.38 million
+0.02%
28 XUSD XUSD $1.00
$41.21M
$41.21 million
+0.00%
29 Binance USD BUSD $1.00
$37.86M
$37.86 million
+0.04%
30 EURITE EURI $1.13
$36.59M
$36.59 million
-0.30%
31 BOLD Stablecoin BOLD $0.996
$36.18M
$36.18 million
-0.00%
32 Monerium EUR emoney EURE $1.14
$33.40M
$33.40 million
-0.16%
33 TerraClassicUSD USTC $0.00584
$32.55M
$32.55 million
-0.50%
34 Gemini dollar GUSD $0.999
$29.34M
$29.34 million
+0.18%
35 Bridged Tether USD USDT $1.000
$26.83M
$26.83 million
+0.06%
36 Pax Dollar USDP $0.999
$24.36M
$24.36 million
+0.77%
37 Tokenised GBP TGBP $1.32
$18.96M
$18.96 million
-0.14%
38 Resolv RESOLV $0.0193
$9.63M
$9.63 million
+2.49%
39 Kyrgyz Som Stablecoin KGST $0.0113
$8.83M
$8.83 million
-0.26%
40 Quantoz USDQ USDQ $0.997
$5.72M
$5.72 million
+0.07%
41 Quantoz EURQ EURQ $1.11
$5.14M
$5.14 million
+0.04%
42 VNX Franc VCHF $1.22
$4.97M
$4.97 million
-0.11%
43 AUDD AUDD $0.703
$2.88M
$2.88 million
-0.02%
44 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

45 OSL Group’s U.S. dollar USDGO $1.00
$808.81M
$808.81 million
-0.00%
46 Usual USD USD0 $1.000
$549.92M
$549.92 million
+0.02%
47 USD0 Liquid Bond bUSD0 $0.975
$497.88M
$497.88 million
+0.09%
48 Ethena Labs (USDTb) USDTb $1.000
$491.87M
$491.87 million
+0.01%
49 SoFiUSD SOFID $1.00
$327.97M
$327.97 million
+0.54%
50 Solstice USX USX $1.000
$216.17M
$216.17 million
+0.01%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $0.0193
$9.63M
$9.63 million
+2.49%
Pax Dollar USDP $0.999
$24.36M
$24.36 million
+0.77%
Falcon USD USDF $0.998
$1.21B
$1.21 billion
+0.37%
PAX Gold PAXG $4,164.80
$1.81B
$1.81 billion
+0.22%
Gemini dollar GUSD $0.999
$29.34M
$29.34 million
+0.18%
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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