Stablecoins

298 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 $ 1.00
$ 184.22B
$ 184.22 billion
-0.00%
2 USDC USDC $ 1.00
$ 73.37B
$ 73.37 billion
-0.02%
3 USDS USDS $ 1.00
$ 9.94B
$ 9.94 billion
+0.05%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.18B
$ 9.18 billion
-1.57%
5 Dai DAI $ 1.00
$ 5.31B
$ 5.31 billion
-0.07%
6 World Liberty Financial USD USD1 $ 1.000
$ 4.24B
$ 4.24 billion
+0.02%
7 Ethena USDe USDE $ 1.00
$ 4.02B
$ 4.02 billion
+0.05%
8 Global Dollar USDG $ 0.999
$ 3.17B
$ 3.17 billion
-0.32%
9 PayPal USD PYUSD $ 0.999
$ 2.85B
$ 2.85 billion
-0.09%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
-0.00%
11 Ripple USD RLUSD $ 1.000
$ 1.97B
$ 1.97 billion
-0.04%
12 PAX Gold PAXG $ 4,009.73
$ 1.80B
$ 1.80 billion
+0.35%
13 USDD USDD $ 1.000
$ 1.56B
$ 1.56 billion
+0.00%
14 Falcon USD USDF $ 0.994
$ 1.25B
$ 1.25 billion
-0.23%
15 United Stables U $ 1.00
$ 1.05B
$ 1.05 billion
-0.04%
16 Gho Token GHO $ 1.000
$ 598.85M
$ 598.85 million
+0.06%
17 TrueUSD TUSD $ 0.998
$ 493.29M
$ 493.29 million
-0.01%
18 EURC EURC $ 1.14
$ 424.93M
$ 424.93 million
-0.15%
19 First Digital USD FDUSD $ 1.00
$ 347.37M
$ 347.37 million
-0.03%
20 Legacy Frax Dollar FRAX $ 0.989
$ 236.89M
$ 236.89 million
+0.23%
21 Curve.Fi USD Stablecoin CRVUSD $ 0.986
$ 203.36M
$ 203.36 million
+1.42%
22 Agora AUSD $ 0.999
$ 200.12M
$ 200.12 million
+0.10%
23 Tether America USD USAT $ 1.000
$ 185.41M
$ 185.41 million
+0.01%
24 XUSD XUSD $ 1.00
$ 39.52M
$ 39.52 million
-0.01%
25 Binance USD BUSD $ 1.00
$ 39.03M
$ 39.03 million
+0.12%
26 EURITE EURI $ 1.14
$ 37.65M
$ 37.65 million
-0.15%
27 TerraClassicUSD USTC $ 0.00550
$ 30.64M
$ 30.64 million
+2.06%
28 Pax Dollar USDP $ 1.00
$ 29.67M
$ 29.67 million
+0.00%
29 Gemini dollar GUSD $ 1.00
$ 29.65M
$ 29.65 million
+0.06%
30 Worldwide USD WUSD $ 0.995
$ 14.91M
$ 14.91 million
-0.04%
31 FUSD FUSD $ 1.000
$ 10.80M
$ 10.80 million
-0.01%
32 Resolv RESOLV $ 0.0208
$ 8.92M
$ 8.92 million
-5.22%
33 Quantoz USDQ USDQ $ 0.983
$ 5.71M
$ 5.71 million
+0.13%
34 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.51M
$ 5.51 million
+0.04%
35 Quantoz EURQ EURQ $ 1.12
$ 5.27M
$ 5.27 million
-0.12%
36 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.41M
$ 2.41 million
-0.02%

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

37 USD Base Coin USDBC $ 7,211.07
$ 42.42B
$ 42.42 billion
+335.32%
38 Usual USD USD0 $ 1.00
$ 557.42M
$ 557.42 million
-0.22%
39 Ethena Labs (USDTb) USDTb $ 1.00
$ 452.58M
$ 452.58 million
-0.03%
40 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 160.10M
$ 160.10 million
-1.90%
41 Lista USD lisUSD $ 0.998
$ 67.14M
$ 67.14 million
+0.09%
42 USDsui USDsui $ 1.00
$ 66.89M
$ 66.89 million
+0.32%
43 f(x) USD fxUSD $ 0.992
$ 58.94M
$ 58.94 million
-0.04%
44 Anchored Coins EUR AEUR $ 1.14
$ 54.26M
$ 54.26 million
+0.17%
45 Mezo USD MUSD $ 0.990
$ 49.50M
$ 49.50 million
-0.21%
46 Fidelity Digital Dollar FIDD $ 1.00
$ 48.30M
$ 48.30 million
+0.16%
47 sUSD Synthetix SUSD $ 0.667
$ 32.88M
$ 32.88 million
-2.98%
48 BOLD Stablecoin BOLD $ 1.00
$ 29.63M
$ 29.63 million
+0.00%
49 Liquity USD LUSD $ 1.00
$ 27.81M
$ 27.81 million
-2.04%
50 Bucket Protocol BUCK Stablecoin BUCK $ 0.998
$ 25.91M
$ 25.91 million
+0.01%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
TerraClassicUSD USTC $ 0.00550
$ 30.64M
$ 30.64 million
+2.06%
Curve.Fi USD Stablecoin CRVUSD $ 0.986
$ 203.36M
$ 203.36 million
+1.42%
PAX Gold PAXG $ 4,009.73
$ 1.80B
$ 1.80 billion
+0.35%
Legacy Frax Dollar FRAX $ 0.989
$ 236.89M
$ 236.89 million
+0.23%
Quantoz USDQ USDQ $ 0.983
$ 5.71M
$ 5.71 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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