Stablecoins

226 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 Price Market cap 24h
1 Tether USD USDT $ 1.00
$ 186.33B
$ 186.33 billion
+0.03%
2 USDC USDC $ 1.00
$ 77.12B
$ 77.12 billion
+0.02%
3 USDS USDS $ 0.995
$ 9.85B
$ 9.85 billion
-0.37%
4 Ethena USDe USDE $ 0.999
$ 6.53B
$ 6.53 billion
-0.02%
5 Dai DAI $ 1.00
$ 5.02B
$ 5.02 billion
+0.05%
6 PayPal USD PYUSD $ 0.999
$ 3.85B
$ 3.85 billion
-0.04%
7 World Liberty Financial USD USD1 $ 1.00
$ 2.73B
$ 2.73 billion
+0.15%
8 PAX Gold PAXG $ 4,353.77
$ 1.53B
$ 1.53 billion
-0.06%
9 Global Dollar USDG $ 1.000
$ 1.47B
$ 1.47 billion
-0.00%
10 Ripple USD RLUSD $ 1.00
$ 1.34B
$ 1.34 billion
-0.01%
11 First Digital USD FDUSD $ 1.000
$ 518.15M
$ 518.15 million
+0.04%
12 USDD USDD $ 1.000
$ 497.78M
$ 497.78 million
+0.01%
13 TrueUSD TUSD $ 0.995
$ 492.17M
$ 492.17 million
-0.05%
14 Legacy Frax Dollar FRAX $ 0.991
$ 277.75M
$ 277.75 million
-0.23%
15 EURC EURC $ 1.17
$ 273.18M
$ 273.18 million
+0.06%
16 Agora AUSD $ 1.000
$ 200.99M
$ 200.99 million
-0.11%
17 Curve.Fi USD Stablecoin CRVUSD $ 1.000
$ 147.98M
$ 147.98 million
+0.08%
18 DOLA DOLA $ 0.999
$ 124.43M
$ 124.43 million
+0.13%
19 sUSD Synthetix SUSD $ 0.916
$ 57.59M
$ 57.59 million
+1.36%
20 Binance USD BUSD $ 1.00
$ 56.32M
$ 56.32 million
+0.21%
21 Pax Dollar USDP $ 0.999
$ 49.53M
$ 49.53 million
+0.01%
22 EURITE EURI $ 1.17
$ 49.05M
$ 49.05 million
-0.06%
23 Gemini dollar GUSD $ 1.00
$ 46.67M
$ 46.67 million
+0.01%
24 Euro Tether EURT $ 1.04
$ 41.70M
$ 41.70 million
-2.53%
25 TerraClassicUSD USTC $ 0.00692
$ 38.63M
$ 38.63 million
-0.51%
26 Resolv RESOLV $ 0.0906
$ 31.59M
$ 31.59 million
-13.11%
27 XUSD XUSD $ 1.00
$ 21.49M
$ 21.49 million
-0.00%
28 StablR Euro EURR $ 1.17
$ 13.69M
$ 13.69 million
-0.09%
29 Worldwide USD WUSD $ 1.00
$ 12.62M
$ 12.62 million
+0.02%
30 USD Base Coin USDBC $ 1.00
$ 8.69M
$ 8.69 million
+0.02%
31 StablR USD USDR $ 1.01
$ 7.77M
$ 7.77 million
+0.65%
32 Quantoz USDQ USDQ $ 0.998
$ 6.65M
$ 6.65 million
-0.23%
33 Reservoir DAM $ 0.0171
$ 5.25M
$ 5.25 million
+1.26%

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

34 Usual USD USD0 $ 0.998
$ 562.62M
$ 562.62 million
-0.02%
35 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 165.95M
$ 165.95 million
+0.86%
36 OpenEden Compounding OpenDollar CUSDO $ 1.03
$ 73.29M
$ 73.29 million
+0.01%
37 TerraUSD UST $ 0.00690
$ 68.07M
$ 68.07 million
-0.95%
38 Anchored Coins EUR AEUR $ 1.15
$ 54.35M
$ 54.35 million
+0.49%
39 Resupply USD reUSD $ 0.990
$ 51.74M
$ 51.74 million
+0.42%
40 Decentralized Social DESO $ 5.26
$ 46.74M
$ 46.74 million
-2.64%
41 BOLD Stablecoin BOLD $ 0.999
$ 41.43M
$ 41.43 million
-0.01%
42 Liquity USD LUSD $ 1.00
$ 37.97M
$ 37.97 million
+0.15%
43 Bucket Protocol BUCK Stablecoin BUCK $ 0.999
$ 25.95M
$ 25.95 million
+0.01%
44 Celo Dollar CUSD $ 1.000
$ 15.67M
$ 15.67 million
-0.01%
45 XSGD XSGD $ 0.773
$ 12.87M
$ 12.87 million
-0.17%
46 Fei Protocol FEI $ 0.986
$ 3.30M
$ 3.30 million
-0.01%
47 deUSD DEUSD $ 0.0229
$ 2.82M
$ 2.82 million
+2,691.10%
48 Vai VAI $ 1.01
$ 2.35M
$ 2.35 million
+1.30%
49 Level USD LVLUSD $ 0.999
$ 1.32M
$ 1.32 million
-0.00%
50 Origin Dollar OUSD $ 0.999
$ 533,876
$ 533,876
+0.30%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
sUSD Synthetix SUSD $ 0.916
$ 57.59M
$ 57.59 million
+1.36%
Reservoir DAM $ 0.0171
$ 5.25M
$ 5.25 million
+1.26%
StablR USD USDR $ 1.01
$ 7.77M
$ 7.77 million
+0.65%
Binance USD BUSD $ 1.00
$ 56.32M
$ 56.32 million
+0.21%
World Liberty Financial USD USD1 $ 1.00
$ 2.73B
$ 2.73 billion
+0.15%
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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