Stablecoins

268 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
$ 189.79B
$ 189.79 billion
-0.02%
2 USDC USDC $ 1.00
$ 76.68B
$ 76.68 billion
+0.01%
3 USDS USDS $ 0.998
$ 11.10B
$ 11.10 billion
-0.39%
4 Binance-Peg BSC-USD BSC-USD $ 0.993
$ 8.92B
$ 8.92 billion
+2.90%
5 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.25%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.47B
$ 4.47 billion
+0.24%
7 Ethena USDe USDE $ 1.00
$ 3.97B
$ 3.97 billion
+0.02%
8 PayPal USD PYUSD $ 1.00
$ 3.47B
$ 3.47 billion
-0.00%
9 Global Dollar USDG $ 1.00
$ 2.85B
$ 2.85 billion
+0.02%
10 PAX Gold PAXG $ 4,501.70
$ 2.12B
$ 2.12 billion
-0.80%
11 Ripple USD RLUSD $ 0.999
$ 1.56B
$ 1.56 billion
-0.04%
12 USDD USDD $ 1.000
$ 1.54B
$ 1.54 billion
+0.02%
13 United Stables U $ 1.00
$ 995.42M
$ 995.42 million
+0.00%
14 TrueUSD TUSD $ 1.000
$ 494.31M
$ 494.31 million
-0.02%
15 EURC EURC $ 1.16
$ 447.55M
$ 447.55 million
-0.19%
16 First Digital USD FDUSD $ 0.999
$ 393.90M
$ 393.90 million
-0.01%
17 Legacy Frax Dollar FRAX $ 0.992
$ 273.50M
$ 273.50 million
+0.11%
18 Agora AUSD $ 1.000
$ 133.38M
$ 133.38 million
+0.00%
19 Binance USD BUSD $ 1.02
$ 56.73M
$ 56.73 million
+3.16%
20 XUSD XUSD $ 1.00
$ 47.99M
$ 47.99 million
+0.01%
21 EURITE EURI $ 1.16
$ 47.94M
$ 47.94 million
-0.21%
22 Pax Dollar USDP $ 1.00
$ 45.58M
$ 45.58 million
+0.04%
23 Gemini dollar GUSD $ 1.00
$ 37.72M
$ 37.72 million
+0.00%
24 TerraClassicUSD USTC $ 0.00625
$ 34.85M
$ 34.85 million
+1.67%
25 BOLD Stablecoin BOLD $ 1.00
$ 31.94M
$ 31.94 million
-0.12%
26 Tether America USD USAT $ 1.000
$ 20.00M
$ 20.00 million
+0.04%
27 XSGD XSGD $ 0.782
$ 15.00M
$ 15.00 million
-0.02%
28 Resolv RESOLV $ 0.0352
$ 13.85M
$ 13.85 million
+20.58%
29 StablR Euro EURR $ 1.15
$ 12.93M
$ 12.93 million
-0.21%
30 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
+0.01%
31 USD Base Coin USDBC $ 1.00
$ 7.14M
$ 7.14 million
+0.13%
32 StablR USD USDR $ 0.999
$ 7.02M
$ 7.02 million
+0.04%
33 Quantoz USDQ USDQ $ 1.00
$ 5.92M
$ 5.92 million
+0.02%
34 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.10M
$ 5.10 million
-0.33%
35 Reservoir DAM $ 0.0124
$ 4.80M
$ 4.80 million
+2.19%

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

36 Curve.Fi USD Stablecoin CRVUSD $ 2.87
$ 684.60M
$ 684.60 million
+0.49%
37 Usual USD USD0 $ 0.999
$ 562.51M
$ 562.51 million
+0.04%
38 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 167.50M
$ 167.50 million
+0.08%
39 Mezo USD MUSD $ 2.95
$ 147.41M
$ 147.41 million
-1.80%
40 Resupply USD reUSD $ 2.91
$ 146.17M
$ 146.17 million
+0.18%
41 sUSD Synthetix SUSD $ 2.03
$ 107.80M
$ 107.80 million
+13.88%
42 Fidelity Digital Dollar FIDD $ 1.02
$ 60.85M
$ 60.85 million
+1.91%
43 TerraUSD UST $ 0.00614
$ 60.23M
$ 60.23 million
+0.97%
44 USDsui USDsui $ 1.00
$ 56.20M
$ 56.20 million
+0.36%
45 Anchored Coins EUR AEUR $ 1.15
$ 54.36M
$ 54.36 million
-0.17%
46 Liquity USD LUSD $ 1.00
$ 35.42M
$ 35.42 million
-0.01%
47 Decentralized Social DESO $ 3.92
$ 34.80M
$ 34.80 million
+3.39%
48 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.98M
$ 25.98 million
+0.06%
49 Origin Dollar OUSD $ 2.93
$ 15.15M
$ 15.15 million
-0.67%
50 Vai VAI $ 1.01
$ 2.57M
$ 2.57 million
+4.30%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0352
$ 13.85M
$ 13.85 million
+20.58%
Binance USD BUSD $ 1.02
$ 56.73M
$ 56.73 million
+3.16%
Binance-Peg BSC-USD BSC-USD $ 0.993
$ 8.92B
$ 8.92 billion
+2.90%
Reservoir DAM $ 0.0124
$ 4.80M
$ 4.80 million
+2.19%
TerraClassicUSD USTC $ 0.00625
$ 34.85M
$ 34.85 million
+1.67%
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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