Stablecoins

285 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
$ 186.44B
$ 186.44 billion
+0.01%
2 USDC USDC $ 1.00
$ 74.85B
$ 74.85 billion
-0.00%
3 USDS USDS $ 1.00
$ 10.34B
$ 10.34 billion
-0.09%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.00%
5 Dai DAI $ 1.00
$ 5.14B
$ 5.14 billion
-0.04%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.59B
$ 4.59 billion
+0.06%
7 Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
-0.02%
8 Global Dollar USDG $ 1.00
$ 2.81B
$ 2.81 billion
-0.02%
9 PayPal USD PYUSD $ 1.000
$ 2.79B
$ 2.79 billion
+0.23%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.15B
$ 2.15 billion
-0.04%
11 Falcon USD USDF $ 0.995
$ 2.05B
$ 2.05 billion
-0.40%
12 Ripple USD RLUSD $ 0.998
$ 1.86B
$ 1.86 billion
-0.13%
13 PAX Gold PAXG $ 4,052.68
$ 1.84B
$ 1.84 billion
-1.87%
14 USDD USDD $ 0.999
$ 1.37B
$ 1.37 billion
-0.06%
15 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
+0.01%
16 Ethena Labs (USDTb) USDTb $ 1.00
$ 916.92M
$ 916.92 million
+0.02%
17 Gho Token GHO $ 0.999
$ 598.40M
$ 598.40 million
-0.04%
18 TrueUSD TUSD $ 0.999
$ 494.24M
$ 494.24 million
+0.03%
19 EURC EURC $ 1.14
$ 427.70M
$ 427.70 million
-0.45%
20 First Digital USD FDUSD $ 0.999
$ 352.02M
$ 352.02 million
-0.09%
21 Legacy Frax Dollar FRAX $ 0.990
$ 239.49M
$ 239.49 million
-0.23%
22 Agora AUSD $ 0.994
$ 137.36M
$ 137.36 million
-0.53%
23 Binance USD BUSD $ 1.000
$ 55.82M
$ 55.82 million
-0.16%
24 Quantoz USDQ USDQ $ 0.993
$ 49.44M
$ 49.44 million
+0.04%
25 XUSD XUSD $ 1.00
$ 47.99M
$ 47.99 million
+0.02%
26 EURITE EURI $ 1.14
$ 47.05M
$ 47.05 million
-0.36%
27 Pax Dollar USDP $ 1.00
$ 45.58M
$ 45.58 million
-0.02%
28 TerraClassicUSD USTC $ 0.00553
$ 30.82M
$ 30.82 million
-3.01%
29 Tether America USD USAT $ 1.000
$ 20.00M
$ 20.00 million
+0.02%
30 Quantoz EURQ EURQ $ 1.13
$ 15.47M
$ 15.47 million
+0.18%
31 XSGD XSGD $ 0.771
$ 15.21M
$ 15.21 million
-0.40%
32 Worldwide USD WUSD $ 0.997
$ 11.31M
$ 11.31 million
-0.00%
33 Resolv RESOLV $ 0.0236
$ 9.56M
$ 9.56 million
+4.36%
34 USD Base Coin USDBC $ 1.00
$ 6.33M
$ 6.33 million
+0.46%
35 Kyrgyz Som Stablecoin KGST $ 0.0116
$ 5.29M
$ 5.29 million
+3.71%
36 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.36M
$ 2.36 million
-0.00%

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

37 Curve.Fi USD Stablecoin CRVUSD $ 16.88
$ 3.51B
$ 3.51 billion
+1.36%
38 Resupply USD reUSD $ 10.21
$ 513.82M
$ 513.82 million
-3.83%
39 sUSD Synthetix SUSD $ 4.54
$ 256.82M
$ 256.82 million
+4.59%
40 Curve.fi DAI/USDC/USDT 3CRV $ 1.08
$ 172.78M
$ 172.78 million
+7.03%
41 USDsui USDsui $ 0.999
$ 75.06M
$ 75.06 million
-0.16%
42 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.96M
$ 63.96 million
+0.01%
43 Fidelity Digital Dollar FIDD $ 1.000
$ 59.59M
$ 59.59 million
-0.03%
44 TerraUSD UST $ 0.00552
$ 54.08M
$ 54.08 million
-4.65%
45 Anchored Coins EUR AEUR $ 1.14
$ 53.93M
$ 53.93 million
+0.39%
46 Mezo USD MUSD $ 0.881
$ 44.06M
$ 44.06 million
-11.54%
47 Gemini dollar GUSD $ 1.00
$ 37.74M
$ 37.74 million
+0.03%
48 Liquity USD LUSD $ 1.02
$ 36.17M
$ 36.17 million
+3.32%
49 BOLD Stablecoin BOLD $ 0.999
$ 31.61M
$ 31.61 million
-0.03%
50 Decentralized Social DESO $ 3.19
$ 28.32M
$ 28.32 million
+2.17%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0236
$ 9.56M
$ 9.56 million
+4.36%
Kyrgyz Som Stablecoin KGST $ 0.0116
$ 5.29M
$ 5.29 million
+3.71%
USD Base Coin USDBC $ 1.00
$ 6.33M
$ 6.33 million
+0.46%
PayPal USD PYUSD $ 1.000
$ 2.79B
$ 2.79 billion
+0.23%
Quantoz EURQ EURQ $ 1.13
$ 15.47M
$ 15.47 million
+0.18%
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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