Stablecoins

312 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
$ 184.10B
$ 184.10 billion
+0.01%
2 USDC USDC $ 1.00
$ 72.55B
$ 72.55 billion
-0.01%
3 USDS USDS $ 1.00
$ 9.85B
$ 9.85 billion
-0.01%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.04B
$ 9.04 billion
-0.37%
5 Dai DAI $ 1.00
$ 5.27B
$ 5.27 billion
+0.02%
6 World Liberty Financial USD USD1 $ 1.000
$ 4.11B
$ 4.11 billion
+0.01%
7 Ethena USDe USDE $ 1.00
$ 3.98B
$ 3.98 billion
-0.00%
8 Ethena Staked USDe sUSDe $ 1.23
$ 3.84B
$ 3.84 billion
-1.27%
9 Global Dollar USDG $ 1.00
$ 3.27B
$ 3.27 billion
-0.12%
10 PayPal USD PYUSD $ 0.999
$ 2.90B
$ 2.90 billion
-0.09%
11 Ripple USD RLUSD $ 0.999
$ 1.98B
$ 1.98 billion
-0.17%
12 PAX Gold PAXG $ 4,091.35
$ 1.82B
$ 1.82 billion
+0.85%
13 USDD USDD $ 1.00
$ 1.56B
$ 1.56 billion
-0.00%
14 Falcon USD USDF $ 0.996
$ 1.26B
$ 1.26 billion
-0.13%
15 United Stables U $ 1.00
$ 1.07B
$ 1.07 billion
-0.01%
16 TrueUSD TUSD $ 0.996
$ 492.66M
$ 492.66 million
-0.02%
17 EURC EURC $ 1.14
$ 428.90M
$ 428.90 million
+0.21%
18 First Digital USD FDUSD $ 1.00
$ 346.53M
$ 346.53 million
+0.01%
19 Legacy Frax Dollar FRAX $ 0.994
$ 238.07M
$ 238.07 million
+0.20%
20 Curve.Fi USD Stablecoin CRVUSD $ 0.992
$ 208.68M
$ 208.68 million
+0.70%
21 Agora AUSD $ 1.000
$ 208.41M
$ 208.41 million
-0.13%
22 Tether America USD USAT $ 1.000
$ 185.43M
$ 185.43 million
+0.01%
23 XUSD XUSD $ 1.00
$ 45.18M
$ 45.18 million
+0.01%
24 Binance USD BUSD $ 1.00
$ 37.74M
$ 37.74 million
+13.13%
25 EURITE EURI $ 1.14
$ 37.35M
$ 37.35 million
+0.22%
26 Pax Dollar USDP $ 1.00
$ 29.65M
$ 29.65 million
-0.04%
27 Gemini dollar GUSD $ 1.00
$ 29.64M
$ 29.64 million
-0.01%
28 TerraClassicUSD USTC $ 0.00524
$ 29.23M
$ 29.23 million
-1.12%
29 FUSD FUSD $ 0.999
$ 11.39M
$ 11.39 million
+0.01%
30 Resolv RESOLV $ 0.0188
$ 8.58M
$ 8.58 million
-1.56%
31 USD Base Coin USDBC $ 1.01
$ 5.78M
$ 5.78 million
+0.32%
32 Quantoz USDQ USDQ $ 0.986
$ 5.65M
$ 5.65 million
-0.09%
33 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.52M
$ 5.52 million
+0.07%
34 Quantoz EURQ EURQ $ 1.13
$ 5.22M
$ 5.22 million
-0.29%
35 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.38M
$ 2.38 million
-0.02%

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

36 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
+0.01%
37 Gho Token GHO $ 1.01
$ 652.63M
$ 652.63 million
-0.11%
38 Usual USD USD0 $ 1.00
$ 557.19M
$ 557.19 million
-0.06%
39 Ethena Labs (USDTb) USDTb $ 1.00
$ 354.47M
$ 354.47 million
-0.01%
40 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 160.02M
$ 160.02 million
+0.48%
41 Alchemix USD ALUSD $ 0.933
$ 157.17M
$ 157.17 million
+0.26%
42 Lista USD lisUSD $ 0.998
$ 67.12M
$ 67.12 million
-0.13%
43 USDsui USDsui $ 1.00
$ 66.95M
$ 66.95 million
+0.33%
44 f(x) USD fxUSD $ 0.993
$ 63.79M
$ 63.79 million
+0.12%
45 Anchored Coins EUR AEUR $ 1.14
$ 54.05M
$ 54.05 million
+0.20%
46 TerraUSD UST $ 0.00524
$ 51.41M
$ 51.41 million
-75.30%
47 Fidelity Digital Dollar FIDD $ 0.995
$ 48.36M
$ 48.36 million
-0.41%
48 Mezo USD MUSD $ 0.931
$ 46.57M
$ 46.57 million
-1.22%
49 Resupply USD reUSD $ 1.01
$ 32.34M
$ 32.34 million
+0.70%
50 BOLD Stablecoin BOLD $ 1.00
$ 30.59M
$ 30.59 million
+0.18%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Binance USD BUSD $ 1.00
$ 37.74M
$ 37.74 million
+13.13%
PAX Gold PAXG $ 4,091.35
$ 1.82B
$ 1.82 billion
+0.85%
Curve.Fi USD Stablecoin CRVUSD $ 0.992
$ 208.68M
$ 208.68 million
+0.70%
USD Base Coin USDBC $ 1.01
$ 5.78M
$ 5.78 million
+0.32%
EURITE EURI $ 1.14
$ 37.35M
$ 37.35 million
+0.22%
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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