Stablecoins

314 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
$ 183.16B
$ 183.16 billion
+0.03%
2 USDC USDC $ 1.00
$ 71.99B
$ 71.99 billion
+0.02%
3 USDS USDS $ 1.00
$ 9.81B
$ 9.81 billion
+0.10%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.17B
$ 9.17 billion
-1.02%
5 Dai DAI $ 1.00
$ 5.23B
$ 5.23 billion
+0.01%
6 World Liberty Financial USD USD1 $ 1.000
$ 4.00B
$ 4.00 billion
-0.00%
7 Ethena USDe USDE $ 1.00
$ 3.96B
$ 3.96 billion
-0.04%
8 Global Dollar USDG $ 1.00
$ 3.48B
$ 3.48 billion
+0.35%
9 PayPal USD PYUSD $ 1.00
$ 2.79B
$ 2.79 billion
-0.00%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.14B
$ 2.14 billion
-0.28%
11 PAX Gold PAXG $ 4,376.37
$ 1.91B
$ 1.91 billion
-0.39%
12 Ripple USD RLUSD $ 1.00
$ 1.90B
$ 1.90 billion
+0.12%
13 USDD USDD $ 1.000
$ 1.57B
$ 1.57 billion
-0.00%
14 United Stables U $ 1.00
$ 1.23B
$ 1.23 billion
+0.02%
15 Falcon USD USDF $ 0.996
$ 1.17B
$ 1.17 billion
+0.21%
16 Gho Token GHO $ 0.999
$ 698.15M
$ 698.15 million
-0.17%
17 TrueUSD TUSD $ 0.999
$ 493.92M
$ 493.92 million
+0.23%
18 EURC EURC $ 1.16
$ 465.46M
$ 465.46 million
+0.20%
19 First Digital USD FDUSD $ 1.00
$ 351.01M
$ 351.01 million
-0.01%
20 Tether America USD USAT $ 0.999
$ 185.39M
$ 185.39 million
+0.00%
21 XUSD XUSD $ 1.00
$ 45.24M
$ 45.24 million
+0.03%
22 Binance USD BUSD $ 1.00
$ 37.92M
$ 37.92 million
+0.20%
23 EURITE EURI $ 1.16
$ 37.76M
$ 37.76 million
+0.21%
24 Gemini dollar GUSD $ 1.00
$ 30.54M
$ 30.54 million
+0.02%
25 Pax Dollar USDP $ 1.00
$ 29.65M
$ 29.65 million
+0.16%
26 TerraClassicUSD USTC $ 0.00486
$ 27.11M
$ 27.11 million
-1.27%
27 FUSD FUSD $ 1.00
$ 11.70M
$ 11.70 million
+0.00%
28 Resolv RESOLV $ 0.0163
$ 7.50M
$ 7.50 million
-3.34%
29 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 6.13M
$ 6.13 million
-0.07%
30 Quantoz USDQ USDQ $ 0.992
$ 5.69M
$ 5.69 million
+0.27%
31 Quantoz EURQ EURQ $ 1.10
$ 5.09M
$ 5.09 million
-2.36%
32 Bitshares BTS $ 0.00120
$ 3.61M
$ 3.61 million
+10.28%
33 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.36M
$ 2.36 million
-0.05%

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

34 Ethena Staked USDe sUSDe $ 1.24
$ 3.85B
$ 3.85 billion
-0.37%
35 USD Base Coin USDBC $ 467.45
$ 2.68B
$ 2.68 billion
+456.33%
36 Usual USD USD0 $ 0.999
$ 553.76M
$ 553.76 million
+0.01%
37 Solstice USX USX $ 1.000
$ 506.79M
$ 506.79 million
-0.00%
38 Ethena Labs (USDTb) USDTb $ 1.00
$ 356.85M
$ 356.85 million
+0.09%
39 Legacy Frax Dollar FRAX $ 0.995
$ 218.18M
$ 218.18 million
-0.04%
40 Agora AUSD $ 1.000
$ 215.14M
$ 215.14 million
-0.12%
41 Curve.Fi USD Stablecoin CRVUSD $ 0.982
$ 209.61M
$ 209.61 million
-1.08%
42 EUR CoinVertible EURCV $ 1.16
$ 160.06M
$ 160.06 million
+0.26%
43 GUSD GUSD $ 0.999
$ 149.32M
$ 149.32 million
-0.09%
44 Frax USD FRXUSD $ 1.00
$ 112.24M
$ 112.24 million
-1.53%
45 Lista USD lisUSD $ 0.998
$ 67.12M
$ 67.12 million
-0.29%
46 Fidelity Digital Dollar FIDD $ 1.00
$ 49.12M
$ 49.12 million
+0.87%
47 BOLD Stablecoin BOLD $ 1.00
$ 30.71M
$ 30.71 million
+0.06%
48 Liquity USD LUSD $ 1.000
$ 28.07M
$ 28.07 million
-0.36%
49 agEUR AGEUR $ 1.16
$ 24.22M
$ 24.22 million
+0.43%
50 sUSD Synthetix SUSD $ 0.485
$ 23.90M
$ 23.90 million
-0.00%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Bitshares BTS $ 0.00120
$ 3.61M
$ 3.61 million
+10.28%
Global Dollar USDG $ 1.00
$ 3.48B
$ 3.48 billion
+0.35%
Quantoz USDQ USDQ $ 0.992
$ 5.69M
$ 5.69 million
+0.27%
TrueUSD TUSD $ 0.999
$ 493.92M
$ 493.92 million
+0.23%
Falcon USD USDF $ 0.996
$ 1.17B
$ 1.17 billion
+0.21%
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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