Stablecoins

276 coins #11

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 $ 1.000
$ 186.92B
$ 186.92 billion
+0.00%
2 USDC USDC $ 1.00
$ 74.96B
$ 74.96 billion
+0.01%
3 USDS USDS $ 1.00
$ 10.52B
$ 10.52 billion
+0.21%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.10%
5 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.02%
6 World Liberty Financial USD USD1 $ 1.000
$ 4.55B
$ 4.55 billion
+0.05%
7 Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
-0.11%
8 PayPal USD PYUSD $ 1.00
$ 2.87B
$ 2.87 billion
+0.08%
9 Global Dollar USDG $ 1.00
$ 2.63B
$ 2.63 billion
-0.01%
10 PAX Gold PAXG $ 4,212.99
$ 1.92B
$ 1.92 billion
+3.61%
11 Ripple USD RLUSD $ 0.999
$ 1.85B
$ 1.85 billion
-0.05%
12 USDD USDD $ 1.00
$ 1.36B
$ 1.36 billion
-0.01%
13 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
-0.03%
14 TrueUSD TUSD $ 1.000
$ 494.31M
$ 494.31 million
+0.03%
15 EURC EURC $ 1.16
$ 437.98M
$ 437.98 million
+0.39%
16 First Digital USD FDUSD $ 0.998
$ 339.14M
$ 339.14 million
+0.01%
17 Legacy Frax Dollar FRAX $ 0.991
$ 273.92M
$ 273.92 million
-0.17%
18 Agora AUSD $ 1.00
$ 134.76M
$ 134.76 million
-0.22%
19 Binance USD BUSD $ 1.00
$ 55.85M
$ 55.85 million
+0.17%
20 Quantoz USDQ USDQ $ 0.993
$ 49.49M
$ 49.49 million
+0.03%
21 XUSD XUSD $ 1.00
$ 47.97M
$ 47.97 million
-0.03%
22 EURITE EURI $ 1.16
$ 47.86M
$ 47.86 million
+0.42%
23 Pax Dollar USDP $ 1.00
$ 45.57M
$ 45.57 million
+0.01%
24 Gemini dollar GUSD $ 1.00
$ 37.72M
$ 37.72 million
+0.05%
25 TerraClassicUSD USTC $ 0.00588
$ 32.82M
$ 32.82 million
+1.11%
26 BOLD Stablecoin BOLD $ 1.00
$ 30.99M
$ 30.99 million
+0.01%
27 Tether America USD USAT $ 1.000
$ 19.99M
$ 19.99 million
+0.00%
28 XSGD XSGD $ 0.778
$ 15.11M
$ 15.11 million
-0.01%
29 Worldwide USD WUSD $ 0.996
$ 11.31M
$ 11.31 million
-0.14%
30 Resolv RESOLV $ 0.0172
$ 6.73M
$ 6.73 million
+4.18%
31 USD Base Coin USDBC $ 1.00
$ 6.58M
$ 6.58 million
-0.06%
32 Kyrgyz Som Stablecoin KGST $ 0.0115
$ 5.11M
$ 5.11 million
+0.37%
33 Reservoir DAM $ 0.00924
$ 3.64M
$ 3.64 million
+0.73%

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

34 Curve.Fi USD Stablecoin CRVUSD $ 6.52
$ 1.21B
$ 1.21 billion
+27.51%
35 Usual USD USD0 $ 1.00
$ 560.39M
$ 560.39 million
+0.73%
36 Resupply USD reUSD $ 6.53
$ 335.70M
$ 335.70 million
+26.78%
37 sUSD Synthetix SUSD $ 4.79
$ 253.48M
$ 253.48 million
+47.48%
38 Curve.fi DAI/USDC/USDT 3CRV $ 1.01
$ 162.49M
$ 162.49 million
-2.00%
39 USDsui USDsui $ 1.000
$ 75.11M
$ 75.11 million
-0.15%
40 Fidelity Digital Dollar FIDD $ 1.00
$ 59.60M
$ 59.60 million
-0.11%
41 TerraUSD UST $ 0.00589
$ 57.79M
$ 57.79 million
+3.36%
42 Anchored Coins EUR AEUR $ 1.15
$ 54.32M
$ 54.32 million
-0.17%
43 Mezo USD MUSD $ 0.998
$ 49.89M
$ 49.89 million
+0.14%
44 Origin Dollar OUSD $ 6.40
$ 40.76M
$ 40.76 million
+30.62%
45 Liquity USD LUSD $ 0.991
$ 35.08M
$ 35.08 million
-1.58%
46 Decentralized Social DESO $ 3.11
$ 27.59M
$ 27.59 million
-3.07%
47 Bucket Protocol BUCK Stablecoin BUCK $ 0.999
$ 25.95M
$ 25.95 million
-0.06%
48 StablR USD USDR $ 0.752
$ 16.07M
$ 16.07 million
-2.08%
49 Celo Dollar CUSD $ 1.00
$ 15.67M
$ 15.67 million
+0.69%
50 StablR Euro EURR $ 1.03
$ 11.52M
$ 11.52 million
+0.02%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0172
$ 6.73M
$ 6.73 million
+4.18%
PAX Gold PAXG $ 4,212.99
$ 1.92B
$ 1.92 billion
+3.61%
TerraClassicUSD USTC $ 0.00588
$ 32.82M
$ 32.82 million
+1.11%
Reservoir DAM $ 0.00924
$ 3.64M
$ 3.64 million
+0.73%
EURITE EURI $ 1.16
$ 47.86M
$ 47.86 million
+0.42%
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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