Stablecoins

282 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 $ 1.000
$ 186.43B
$ 186.43 billion
-0.00%
2 USDC USDC $ 1.00
$ 74.92B
$ 74.92 billion
+0.02%
3 USDS USDS $ 1.00
$ 10.30B
$ 10.30 billion
-0.17%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.02%
5 Dai DAI $ 1.00
$ 5.14B
$ 5.14 billion
-0.11%
6 World Liberty Financial USD USD1 $ 0.997
$ 4.57B
$ 4.57 billion
-0.43%
7 Ethena USDe USDE $ 1.00
$ 4.45B
$ 4.45 billion
-0.06%
8 Global Dollar USDG $ 1.00
$ 2.81B
$ 2.81 billion
-0.01%
9 PayPal USD PYUSD $ 0.999
$ 2.77B
$ 2.77 billion
+0.14%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
-0.06%
11 Falcon USD USDF $ 0.997
$ 2.05B
$ 2.05 billion
+0.24%
12 PAX Gold PAXG $ 4,155.26
$ 1.89B
$ 1.89 billion
+0.01%
13 Ripple USD RLUSD $ 0.999
$ 1.86B
$ 1.86 billion
-0.08%
14 USDD USDD $ 1.00
$ 1.36B
$ 1.36 billion
+0.01%
15 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
-0.01%
16 Gho Token GHO $ 0.999
$ 598.61M
$ 598.61 million
-0.08%
17 TrueUSD TUSD $ 0.998
$ 493.77M
$ 493.77 million
+0.04%
18 EURC EURC $ 1.15
$ 431.15M
$ 431.15 million
-0.08%
19 First Digital USD FDUSD $ 0.999
$ 352.27M
$ 352.27 million
+0.02%
20 Legacy Frax Dollar FRAX $ 0.991
$ 239.60M
$ 239.60 million
-0.18%
21 Agora AUSD $ 1.00
$ 138.81M
$ 138.81 million
-0.02%
22 Binance USD BUSD $ 1.00
$ 55.92M
$ 55.92 million
+0.13%
23 Quantoz USDQ USDQ $ 0.993
$ 49.43M
$ 49.43 million
-0.14%
24 XUSD XUSD $ 1.00
$ 47.99M
$ 47.99 million
+0.02%
25 EURITE EURI $ 1.15
$ 47.37M
$ 47.37 million
-0.09%
26 Pax Dollar USDP $ 1.00
$ 45.57M
$ 45.57 million
-0.02%
27 Gemini dollar GUSD $ 1.00
$ 37.73M
$ 37.73 million
+0.05%
28 Liquity USD LUSD $ 0.979
$ 34.67M
$ 34.67 million
-2.39%
29 TerraClassicUSD USTC $ 0.00586
$ 32.66M
$ 32.66 million
+0.85%
30 BOLD Stablecoin BOLD $ 0.999
$ 31.81M
$ 31.81 million
+0.03%
31 Tether America USD USAT $ 1.000
$ 19.99M
$ 19.99 million
+0.00%
32 Quantoz EURQ EURQ $ 1.13
$ 15.50M
$ 15.50 million
-0.42%
33 Worldwide USD WUSD $ 0.996
$ 11.31M
$ 11.31 million
-0.04%
34 Resolv RESOLV $ 0.0187
$ 7.53M
$ 7.53 million
+28.26%
35 USD Base Coin USDBC $ 1.00
$ 6.31M
$ 6.31 million
+0.05%
36 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.09M
$ 5.09 million
-0.02%

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

37 Curve.Fi USD Stablecoin CRVUSD $ 16.23
$ 3.37B
$ 3.37 billion
+1.28%
38 Resupply USD reUSD $ 16.11
$ 810.79M
$ 810.79 million
-0.79%
39 Usual USD USD0 $ 1.000
$ 559.90M
$ 559.90 million
-0.01%
40 sUSD Synthetix SUSD $ 4.09
$ 231.52M
$ 231.52 million
-4.63%
41 Curve.fi DAI/USDC/USDT 3CRV $ 1.01
$ 161.67M
$ 161.67 million
-2.69%
42 USDsui USDsui $ 0.999
$ 75.06M
$ 75.06 million
-0.13%
43 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.93M
$ 63.93 million
+0.01%
44 Fidelity Digital Dollar FIDD $ 1.000
$ 59.59M
$ 59.59 million
-0.08%
45 TerraUSD UST $ 0.00584
$ 57.29M
$ 57.29 million
+1.45%
46 Anchored Coins EUR AEUR $ 1.13
$ 53.65M
$ 53.65 million
-0.20%
47 Mezo USD MUSD $ 0.966
$ 48.30M
$ 48.30 million
-0.03%
48 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.97M
$ 25.97 million
+0.16%
49 Decentralized Social DESO $ 2.91
$ 25.85M
$ 25.85 million
-0.97%
50 Celo Dollar CUSD $ 1.06
$ 16.66M
$ 16.66 million
+6.44%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0187
$ 7.53M
$ 7.53 million
+28.26%
TerraClassicUSD USTC $ 0.00586
$ 32.66M
$ 32.66 million
+0.85%
Falcon USD USDF $ 0.997
$ 2.05B
$ 2.05 billion
+0.24%
PayPal USD PYUSD $ 0.999
$ 2.77B
$ 2.77 billion
+0.14%
Binance USD BUSD $ 1.00
$ 55.92M
$ 55.92 million
+0.13%
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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