Stablecoins

271 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
$ 189.61B
$ 189.61 billion
-0.00%
2 USDC USDC $ 1.00
$ 76.71B
$ 76.71 billion
+0.06%
3 USDS USDS $ 1.000
$ 11.15B
$ 11.15 billion
+0.22%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.18%
5 Dai DAI $ 1.00
$ 5.14B
$ 5.14 billion
+0.02%
6 World Liberty Financial USD USD1 $ 0.999
$ 4.55B
$ 4.55 billion
-0.37%
7 Ethena USDe USDE $ 1.00
$ 4.45B
$ 4.45 billion
+0.00%
8 PayPal USD PYUSD $ 1.00
$ 3.62B
$ 3.62 billion
+0.02%
9 Global Dollar USDG $ 1.00
$ 2.75B
$ 2.75 billion
+0.06%
10 PAX Gold PAXG $ 4,496.47
$ 2.11B
$ 2.11 billion
-1.41%
11 Ripple USD RLUSD $ 1.00
$ 1.76B
$ 1.76 billion
+0.13%
12 USDD USDD $ 1.00
$ 1.52B
$ 1.52 billion
-0.07%
13 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
+0.07%
14 Usual USD USD0 $ 0.999
$ 561.84M
$ 561.84 million
+0.07%
15 TrueUSD TUSD $ 1.000
$ 494.31M
$ 494.31 million
-0.01%
16 EURC EURC $ 1.16
$ 439.70M
$ 439.70 million
-0.13%
17 First Digital USD FDUSD $ 0.999
$ 373.63M
$ 373.63 million
+0.01%
18 Legacy Frax Dollar FRAX $ 0.995
$ 274.41M
$ 274.41 million
+0.03%
19 Agora AUSD $ 1.000
$ 129.38M
$ 129.38 million
+0.00%
20 Binance USD BUSD $ 1.00
$ 55.84M
$ 55.84 million
+0.10%
21 EURITE EURI $ 1.16
$ 48.08M
$ 48.08 million
-0.11%
22 XUSD XUSD $ 1.00
$ 48.01M
$ 48.01 million
+0.05%
23 Pax Dollar USDP $ 1.00
$ 45.59M
$ 45.59 million
+0.05%
24 Gemini dollar GUSD $ 1.00
$ 37.75M
$ 37.75 million
+0.15%
25 BOLD Stablecoin BOLD $ 0.998
$ 33.15M
$ 33.15 million
-0.21%
26 TerraClassicUSD USTC $ 0.00590
$ 32.93M
$ 32.93 million
-4.08%
27 Tether America USD USAT $ 1.000
$ 20.00M
$ 20.00 million
-0.03%
28 XSGD XSGD $ 0.783
$ 14.90M
$ 14.90 million
-0.04%
29 Resolv RESOLV $ 0.0225
$ 8.90M
$ 8.90 million
-15.36%
30 USD Base Coin USDBC $ 1.00
$ 7.67M
$ 7.67 million
-0.05%
31 Worldwide USD WUSD $ 0.998
$ 7.45M
$ 7.45 million
+0.07%
32 Quantoz USDQ USDQ $ 1.00
$ 5.82M
$ 5.82 million
+0.03%
33 Kyrgyz Som Stablecoin KGST $ 0.0115
$ 5.11M
$ 5.11 million
-0.02%
34 Reservoir DAM $ 0.0125
$ 4.91M
$ 4.91 million
+2.09%

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

35 Curve.Fi USD Stablecoin CRVUSD $ 2.73
$ 612.81M
$ 612.81 million
+2.11%
36 Curve.fi DAI/USDC/USDT 3CRV $ 2.79
$ 448.06M
$ 448.06 million
+0.69%
37 Mezo USD MUSD $ 2.73
$ 136.43M
$ 136.43 million
-3.75%
38 Resupply USD reUSD $ 2.71
$ 136.37M
$ 136.37 million
+0.56%
39 sUSD Synthetix SUSD $ 1.91
$ 101.27M
$ 101.27 million
+4.51%
40 Fidelity Digital Dollar FIDD $ 1.000
$ 59.60M
$ 59.60 million
-0.79%
41 TerraUSD UST $ 0.00585
$ 57.32M
$ 57.32 million
-5.49%
42 USDsui USDsui $ 1.00
$ 56.16M
$ 56.16 million
+0.24%
43 Anchored Coins EUR AEUR $ 1.15
$ 54.48M
$ 54.48 million
-0.10%
44 Liquity USD LUSD $ 1.00
$ 35.42M
$ 35.42 million
+0.00%
45 Decentralized Social DESO $ 3.80
$ 33.79M
$ 33.79 million
-0.13%
46 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 26.03M
$ 26.03 million
+0.20%
47 StablR USD USDR $ 0.990
$ 21.13M
$ 21.13 million
+1.28%
48 Celo Dollar CUSD $ 1.09
$ 17.64M
$ 17.64 million
+11.54%
49 Origin Dollar OUSD $ 2.70
$ 13.98M
$ 13.98 million
-1.10%
50 StablR Euro EURR $ 0.972
$ 10.91M
$ 10.91 million
-15.93%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Reservoir DAM $ 0.0125
$ 4.91M
$ 4.91 million
+2.09%
USDS USDS $ 1.000
$ 11.15B
$ 11.15 billion
+0.22%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.18%
Gemini dollar GUSD $ 1.00
$ 37.75M
$ 37.75 million
+0.15%
Ripple USD RLUSD $ 1.00
$ 1.76B
$ 1.76 billion
+0.13%
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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