Stablecoins

278 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 $ 1.00
$ 186.58B
$ 186.58 billion
+0.01%
2 USDC USDC $ 1.00
$ 74.84B
$ 74.84 billion
+0.04%
3 USDS USDS $ 1.00
$ 10.56B
$ 10.56 billion
+0.01%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.99B
$ 8.99 billion
-0.01%
5 Dai DAI $ 1.00
$ 5.14B
$ 5.14 billion
-0.10%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.58B
$ 4.58 billion
+0.14%
7 Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
-0.07%
8 PayPal USD PYUSD $ 1.000
$ 2.78B
$ 2.78 billion
-0.15%
9 Global Dollar USDG $ 1.00
$ 2.64B
$ 2.64 billion
+0.01%
10 PAX Gold PAXG $ 4,295.63
$ 1.96B
$ 1.96 billion
+1.64%
11 Ripple USD RLUSD $ 1.000
$ 1.84B
$ 1.84 billion
+0.01%
12 USDD USDD $ 1.00
$ 1.36B
$ 1.36 billion
+0.00%
13 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
+0.07%
14 Gho Token GHO $ 0.999
$ 598.51M
$ 598.51 million
-0.01%
15 TrueUSD TUSD $ 0.999
$ 494.16M
$ 494.16 million
+0.05%
16 EURC EURC $ 1.16
$ 438.60M
$ 438.60 million
+0.27%
17 First Digital USD FDUSD $ 0.999
$ 337.11M
$ 337.11 million
+0.04%
18 Legacy Frax Dollar FRAX $ 0.993
$ 273.83M
$ 273.83 million
-0.18%
19 sUSD Synthetix SUSD $ 4.48
$ 237.02M
$ 237.02 million
+4.89%
20 Agora AUSD $ 1.00
$ 139.18M
$ 139.18 million
-0.04%
21 Binance USD BUSD $ 0.999
$ 55.80M
$ 55.80 million
-0.26%
22 Quantoz USDQ USDQ $ 0.995
$ 49.49M
$ 49.49 million
-0.06%
23 XUSD XUSD $ 1.00
$ 47.98M
$ 47.98 million
+0.01%
24 EURITE EURI $ 1.16
$ 47.95M
$ 47.95 million
+0.41%
25 Pax Dollar USDP $ 1.000
$ 45.55M
$ 45.55 million
-0.00%
26 Gemini dollar GUSD $ 0.998
$ 37.61M
$ 37.61 million
-0.21%
27 TerraClassicUSD USTC $ 0.00604
$ 33.71M
$ 33.71 million
-0.29%
28 BOLD Stablecoin BOLD $ 0.999
$ 31.23M
$ 31.23 million
-0.12%
29 Tether America USD USAT $ 0.999
$ 19.99M
$ 19.99 million
-0.00%
30 Worldwide USD WUSD $ 0.998
$ 11.32M
$ 11.32 million
+0.06%
31 Resolv RESOLV $ 0.0178
$ 7.30M
$ 7.30 million
+4.45%
32 USD Base Coin USDBC $ 1.00
$ 6.50M
$ 6.50 million
+1.14%
33 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.09M
$ 5.09 million
+0.03%
34 Reservoir DAM $ 0.0101
$ 3.98M
$ 3.98 million
-12.31%

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

35 Curve.Fi USD Stablecoin CRVUSD $ 12.16
$ 2.22B
$ 2.22 billion
+22.33%
36 Usual USD USD0 $ 0.993
$ 556.03M
$ 556.03 million
-0.59%
37 Resupply USD reUSD $ 10.03
$ 504.95M
$ 504.95 million
+12.81%
38 Curve.fi DAI/USDC/USDT 3CRV $ 1.03
$ 166.02M
$ 166.02 million
-5.01%
39 Origin Dollar OUSD $ 12.35
$ 78.61M
$ 78.61 million
+23.70%
40 USDsui USDsui $ 1.000
$ 75.11M
$ 75.11 million
+0.04%
41 Fidelity Digital Dollar FIDD $ 1.00
$ 59.61M
$ 59.61 million
-0.02%
42 TerraUSD UST $ 0.00599
$ 58.78M
$ 58.78 million
-0.43%
43 Anchored Coins EUR AEUR $ 1.15
$ 54.37M
$ 54.37 million
+0.54%
44 Mezo USD MUSD $ 0.998
$ 49.92M
$ 49.92 million
-0.00%
45 Liquity USD LUSD $ 0.991
$ 35.09M
$ 35.09 million
-5.21%
46 Decentralized Social DESO $ 3.19
$ 28.38M
$ 28.38 million
-0.98%
47 Bucket Protocol BUCK Stablecoin BUCK $ 0.998
$ 25.91M
$ 25.91 million
+0.06%
48 XSGD XSGD $ 0.779
$ 15.15M
$ 15.15 million
+0.02%
49 Celo Dollar CUSD $ 0.946
$ 14.82M
$ 14.82 million
-1.23%
50 StablR Euro EURR $ 1.03
$ 11.52M
$ 11.52 million
+0.01%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
sUSD Synthetix SUSD $ 4.48
$ 237.02M
$ 237.02 million
+4.89%
Resolv RESOLV $ 0.0178
$ 7.30M
$ 7.30 million
+4.45%
PAX Gold PAXG $ 4,295.63
$ 1.96B
$ 1.96 billion
+1.64%
USD Base Coin USDBC $ 1.00
$ 6.50M
$ 6.50 million
+1.14%
EURITE EURI $ 1.16
$ 47.95M
$ 47.95 million
+0.41%
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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