Stablecoins

253 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 Price Market cap 24h
1 Tether USD USDT $ 1.000
$ 184.21B
$ 184.21 billion
+0.02%
2 USDC USDC $ 1.00
$ 77.21B
$ 77.21 billion
+0.01%
3 USDS USDS $ 0.996
$ 11.94B
$ 11.94 billion
-0.76%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
+0.00%
5 Ethena USDe USDE $ 1.000
$ 6.15B
$ 6.15 billion
-0.02%
6 Dai DAI $ 1.000
$ 5.14B
$ 5.14 billion
-0.04%
7 World Liberty Financial USD USD1 $ 1.00
$ 4.45B
$ 4.45 billion
+0.05%
8 PayPal USD PYUSD $ 1.00
$ 3.87B
$ 3.87 billion
+0.00%
9 PAX Gold PAXG $ 4,685.22
$ 2.41B
$ 2.41 billion
+3.89%
10 Global Dollar USDG $ 1.00
$ 1.83B
$ 1.83 billion
+0.02%
11 Ripple USD RLUSD $ 1.00
$ 1.45B
$ 1.45 billion
+0.06%
12 USDD USDD $ 1.000
$ 1.41B
$ 1.41 billion
-0.01%
13 United Stables U $ 1.00
$ 995.45M
$ 995.45 million
+0.02%
14 TrueUSD TUSD $ 0.998
$ 493.54M
$ 493.54 million
-0.05%
15 EURC EURC $ 1.16
$ 423.39M
$ 423.39 million
+0.98%
16 First Digital USD FDUSD $ 1.000
$ 398.53M
$ 398.53 million
+0.05%
17 Legacy Frax Dollar FRAX $ 0.998
$ 275.27M
$ 275.27 million
+0.60%
18 Agora AUSD $ 1.000
$ 146.32M
$ 146.32 million
-0.05%
19 Binance USD BUSD $ 1.00
$ 55.88M
$ 55.88 million
+0.11%
20 XUSD XUSD $ 1.00
$ 48.00M
$ 48.00 million
+0.06%
21 EURITE EURI $ 1.16
$ 47.92M
$ 47.92 million
+0.96%
22 Pax Dollar USDP $ 1.00
$ 45.58M
$ 45.58 million
+0.02%
23 sUSD Synthetix SUSD $ 0.754
$ 39.87M
$ 39.87 million
-1.41%
24 Gemini dollar GUSD $ 1.00
$ 35.70M
$ 35.70 million
-0.04%
25 TerraClassicUSD USTC $ 0.00447
$ 24.91M
$ 24.91 million
+1.18%
26 Tether America USD USAT $ 1.00
$ 20.03M
$ 20.03 million
-0.00%
27 XSGD XSGD $ 0.778
$ 17.00M
$ 17.00 million
+0.36%
28 Resolv RESOLV $ 0.0404
$ 15.13M
$ 15.13 million
-2.26%
29 Reservoir DAM $ 0.0392
$ 13.35M
$ 13.35 million
+11.80%
30 StablR Euro EURR $ 1.15
$ 12.90M
$ 12.90 million
+0.27%
31 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
+0.03%
32 USD Base Coin USDBC $ 1.00
$ 7.11M
$ 7.11 million
-0.02%
33 StablR USD USDR $ 0.999
$ 6.14M
$ 6.14 million
+0.07%
34 Quantoz USDQ USDQ $ 1.00
$ 6.01M
$ 6.01 million
-0.02%

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

35 Curve.Fi USD Stablecoin CRVUSD $ 2.99
$ 786.95M
$ 786.95 million
-1.23%
36 Usual USD USD0 $ 0.999
$ 569.25M
$ 569.25 million
-0.01%
37 Curve.fi DAI/USDC/USDT 3CRV $ 3.13
$ 502.86M
$ 502.86 million
-1.52%
38 Resupply USD reUSD $ 2.32
$ 116.77M
$ 116.77 million
-0.22%
39 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.44M
$ 63.44 million
-0.04%
40 Anchored Coins EUR AEUR $ 1.15
$ 54.40M
$ 54.40 million
+0.65%
41 Decentralized Social DESO $ 5.35
$ 47.51M
$ 47.51 million
+2.04%
42 TerraUSD UST $ 0.00446
$ 43.74M
$ 43.74 million
+0.40%
43 Liquity USD LUSD $ 1.01
$ 35.71M
$ 35.71 million
+0.42%
44 BOLD Stablecoin BOLD $ 1.00
$ 30.18M
$ 30.18 million
-0.02%
45 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.94M
$ 25.94 million
-0.07%
46 Celo Dollar CUSD $ 0.999
$ 14.79M
$ 14.79 million
+0.01%
47 Origin Dollar OUSD $ 0.999
$ 7.55M
$ 7.55 million
-0.08%
48 Fei Protocol FEI $ 1.00
$ 3.41M
$ 3.41 million
-0.22%
49 Vai VAI $ 0.997
$ 2.55M
$ 2.55 million
-0.21%
50 Dopple DOP $ 0.0207
$ 1.33M
$ 1.33 million
+0.52%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Reservoir DAM $ 0.0392
$ 13.35M
$ 13.35 million
+11.80%
PAX Gold PAXG $ 4,685.22
$ 2.41B
$ 2.41 billion
+3.89%
TerraClassicUSD USTC $ 0.00447
$ 24.91M
$ 24.91 million
+1.18%
EURC EURC $ 1.16
$ 423.39M
$ 423.39 million
+0.98%
EURITE EURI $ 1.16
$ 47.92M
$ 47.92 million
+0.96%
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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