Stablecoins

268 coins #11

Stablecoins are digital currencies backed by things like regular money or commodities, which means they have a steady value. More

Download
# Coins Live Price Market cap 24h
1 Tether USD USDT $ 1.000
$ 189.66B
$ 189.66 billion
-0.01%
2 USDC USDC $ 1.00
$ 76.54B
$ 76.54 billion
-0.00%
3 USDS USDS $ 0.996
$ 11.06B
$ 11.06 billion
-0.09%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.00B
$ 9.00 billion
+0.14%
5 Dai DAI $ 0.996
$ 5.12B
$ 5.12 billion
-0.43%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.56B
$ 4.56 billion
+0.00%
7 Ethena USDe USDE $ 1.00
$ 3.97B
$ 3.97 billion
+0.03%
8 PayPal USD PYUSD $ 1.000
$ 3.62B
$ 3.62 billion
-0.01%
9 Global Dollar USDG $ 1.00
$ 2.75B
$ 2.75 billion
-0.01%
10 PAX Gold PAXG $ 4,508.29
$ 2.12B
$ 2.12 billion
-0.14%
11 Ripple USD RLUSD $ 1.00
$ 1.77B
$ 1.77 billion
+0.07%
12 USDD USDD $ 1.00
$ 1.54B
$ 1.54 billion
+0.06%
13 United Stables U $ 1.00
$ 995.90M
$ 995.90 million
+0.05%
14 Usual USD USD0 $ 1.000
$ 562.69M
$ 562.69 million
+0.04%
15 TrueUSD TUSD $ 1.000
$ 494.34M
$ 494.34 million
+0.01%
16 EURC EURC $ 1.16
$ 438.47M
$ 438.47 million
-0.05%
17 First Digital USD FDUSD $ 0.998
$ 373.38M
$ 373.38 million
-0.04%
18 Legacy Frax Dollar FRAX $ 0.989
$ 272.84M
$ 272.84 million
-0.50%
19 Agora AUSD $ 1.00
$ 134.15M
$ 134.15 million
+0.10%
20 Binance USD BUSD $ 1.00
$ 56.11M
$ 56.11 million
+0.60%
21 XUSD XUSD $ 1.00
$ 48.00M
$ 48.00 million
+0.02%
22 EURITE EURI $ 1.16
$ 47.95M
$ 47.95 million
+0.01%
23 Pax Dollar USDP $ 1.00
$ 45.59M
$ 45.59 million
+0.01%
24 Gemini dollar GUSD $ 1.00
$ 37.71M
$ 37.71 million
-0.03%
25 Liquity USD LUSD $ 1.00
$ 35.50M
$ 35.50 million
-0.62%
26 TerraClassicUSD USTC $ 0.00620
$ 34.55M
$ 34.55 million
-4.15%
27 BOLD Stablecoin BOLD $ 1.00
$ 33.40M
$ 33.40 million
+0.01%
28 Tether America USD USAT $ 1.000
$ 20.00M
$ 20.00 million
-0.01%
29 XSGD XSGD $ 0.782
$ 15.00M
$ 15.00 million
-0.02%
30 StablR Euro EURR $ 1.15
$ 12.93M
$ 12.93 million
-0.13%
31 Resolv RESOLV $ 0.0271
$ 10.72M
$ 10.72 million
-7.66%
32 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
+0.01%
33 StablR USD USDR $ 0.999
$ 7.01M
$ 7.01 million
-0.04%
34 USD Base Coin USDBC $ 1.000
$ 6.85M
$ 6.85 million
-0.09%
35 Quantoz USDQ USDQ $ 1.00
$ 5.82M
$ 5.82 million
+0.01%
36 Kyrgyz Som Stablecoin KGST $ 0.0115
$ 5.13M
$ 5.13 million
+0.01%

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

37 Curve.Fi USD Stablecoin CRVUSD $ 2.79
$ 626.82M
$ 626.82 million
-0.62%
38 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 166.94M
$ 166.94 million
+0.97%
39 Mezo USD MUSD $ 2.88
$ 144.22M
$ 144.22 million
-0.47%
40 Resupply USD reUSD $ 2.81
$ 141.23M
$ 141.23 million
-1.71%
41 sUSD Synthetix SUSD $ 1.81
$ 96.15M
$ 96.15 million
-8.21%
42 TerraUSD UST $ 0.00619
$ 60.69M
$ 60.69 million
-3.51%
43 Fidelity Digital Dollar FIDD $ 1.000
$ 59.59M
$ 59.59 million
-0.02%
44 USDsui USDsui $ 1.00
$ 56.02M
$ 56.02 million
-0.22%
45 Anchored Coins EUR AEUR $ 1.15
$ 54.52M
$ 54.52 million
+0.22%
46 Decentralized Social DESO $ 3.92
$ 34.87M
$ 34.87 million
-0.10%
47 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 26.00M
$ 26.00 million
+0.21%
48 Celo Dollar CUSD $ 1.00
$ 16.22M
$ 16.22 million
-0.78%
49 Origin Dollar OUSD $ 2.86
$ 14.76M
$ 14.76 million
-0.72%
50 Reservoir DAM $ 0.0124
$ 4.81M
$ 4.81 million
+0.67%
Download

Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Binance USD BUSD $ 1.00
$ 56.11M
$ 56.11 million
+0.60%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.00B
$ 9.00 billion
+0.14%
Agora AUSD $ 1.00
$ 134.15M
$ 134.15 million
+0.10%
Ripple USD RLUSD $ 1.00
$ 1.77B
$ 1.77 billion
+0.07%
USDD USDD $ 1.00
$ 1.54B
$ 1.54 billion
+0.06%
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.

Useful / Related Links