Stablecoins

274 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
$ 187.60B
$ 187.60 billion
+0.01%
2 USDC USDC $ 1.000
$ 75.58B
$ 75.58 billion
-0.08%
3 USDS USDS $ 0.999
$ 10.83B
$ 10.83 billion
-0.07%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.05%
5 Dai DAI $ 0.999
$ 5.14B
$ 5.14 billion
-0.28%
6 World Liberty Financial USD USD1 $ 0.999
$ 4.55B
$ 4.55 billion
-0.09%
7 Ethena USDe USDE $ 1.00
$ 4.46B
$ 4.46 billion
+0.16%
8 PayPal USD PYUSD $ 1.00
$ 3.02B
$ 3.02 billion
-0.07%
9 Global Dollar USDG $ 1.00
$ 2.54B
$ 2.54 billion
-0.03%
10 PAX Gold PAXG $ 4,331.13
$ 2.00B
$ 2.00 billion
-3.14%
11 Ripple USD RLUSD $ 0.999
$ 1.83B
$ 1.83 billion
+0.04%
12 USDD USDD $ 1.000
$ 1.44B
$ 1.44 billion
+0.10%
13 United Stables U $ 1.000
$ 1.06B
$ 1.06 billion
-0.13%
14 TrueUSD TUSD $ 1.000
$ 494.33M
$ 494.33 million
+0.13%
15 EURC EURC $ 1.15
$ 428.78M
$ 428.78 million
-0.88%
16 First Digital USD FDUSD $ 0.997
$ 338.92M
$ 338.92 million
-0.11%
17 Legacy Frax Dollar FRAX $ 0.993
$ 273.95M
$ 273.95 million
+0.15%
18 Agora AUSD $ 1.00
$ 141.23M
$ 141.23 million
+3.20%
19 Binance USD BUSD $ 1.00
$ 55.86M
$ 55.86 million
+0.01%
20 Quantoz USDQ USDQ $ 0.995
$ 49.49M
$ 49.49 million
-0.30%
21 XUSD XUSD $ 1.00
$ 47.91M
$ 47.91 million
-0.19%
22 EURITE EURI $ 1.15
$ 47.59M
$ 47.59 million
-0.72%
23 Pax Dollar USDP $ 1.00
$ 45.58M
$ 45.58 million
-0.02%
24 Gemini dollar GUSD $ 1.00
$ 37.70M
$ 37.70 million
-0.16%
25 Liquity USD LUSD $ 1.01
$ 35.81M
$ 35.81 million
-1.07%
26 BOLD Stablecoin BOLD $ 1.00
$ 31.68M
$ 31.68 million
+0.08%
27 TerraClassicUSD USTC $ 0.00562
$ 31.35M
$ 31.35 million
-4.13%
28 Tether America USD USAT $ 1.000
$ 19.99M
$ 19.99 million
-0.01%
29 XSGD XSGD $ 0.775
$ 14.77M
$ 14.77 million
-0.58%
30 Worldwide USD WUSD $ 0.999
$ 11.34M
$ 11.34 million
+0.08%
31 USD Base Coin USDBC $ 1.000
$ 7.06M
$ 7.06 million
-0.01%
32 Resolv RESOLV $ 0.0174
$ 6.80M
$ 6.80 million
-8.49%
33 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.07M
$ 5.07 million
+0.03%
34 Reservoir DAM $ 0.0101
$ 3.98M
$ 3.98 million
-0.21%
35 Vai VAI $ 0.998
$ 2.55M
$ 2.55 million
-0.06%

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

36 Usual USD USD0 $ 0.999
$ 559.03M
$ 559.03 million
+0.04%
37 Curve.Fi USD Stablecoin CRVUSD $ 2.75
$ 509.43M
$ 509.43 million
+2.19%
38 Curve.fi DAI/USDC/USDT 3CRV $ 1.02
$ 164.12M
$ 164.12 million
-1.69%
39 Resupply USD reUSD $ 2.75
$ 138.26M
$ 138.26 million
+0.06%
40 sUSD Synthetix SUSD $ 1.61
$ 85.30M
$ 85.30 million
-3.23%
41 USDsui USDsui $ 1.00
$ 75.18M
$ 75.18 million
+0.04%
42 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.88M
$ 63.88 million
+0.00%
43 Fidelity Digital Dollar FIDD $ 1.00
$ 59.62M
$ 59.62 million
+0.05%
44 TerraUSD UST $ 0.00576
$ 56.50M
$ 56.50 million
-0.91%
45 Anchored Coins EUR AEUR $ 1.15
$ 54.43M
$ 54.43 million
-0.01%
46 Mezo USD MUSD $ 1.00
$ 50.20M
$ 50.20 million
-0.07%
47 Decentralized Social DESO $ 3.50
$ 31.08M
$ 31.08 million
-0.25%
48 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.99M
$ 25.99 million
+0.16%
49 StablR USD USDR $ 0.833
$ 17.79M
$ 17.79 million
+5.50%
50 Origin Dollar OUSD $ 2.80
$ 16.50M
$ 16.50 million
+1.05%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Agora AUSD $ 1.00
$ 141.23M
$ 141.23 million
+3.20%
Ethena USDe USDE $ 1.00
$ 4.46B
$ 4.46 billion
+0.16%
Legacy Frax Dollar FRAX $ 0.993
$ 273.95M
$ 273.95 million
+0.15%
TrueUSD TUSD $ 1.000
$ 494.33M
$ 494.33 million
+0.13%
USDD USDD $ 1.000
$ 1.44B
$ 1.44 billion
+0.10%
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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