Stablecoins

287 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
$ 184.29B
$ 184.29 billion
+0.00%
2 USDC USDC $ 1.00
$ 73.32B
$ 73.32 billion
+0.07%
3 USDS USDS $ 1.00
$ 9.76B
$ 9.76 billion
+0.01%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.01%
5 Dai DAI $ 1.000
$ 5.14B
$ 5.14 billion
+0.10%
6 World Liberty Financial USD USD1 $ 0.999
$ 4.58B
$ 4.58 billion
-0.36%
7 Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
-0.01%
8 Global Dollar USDG $ 1.00
$ 3.01B
$ 3.01 billion
+0.00%
9 PayPal USD PYUSD $ 1.00
$ 2.74B
$ 2.74 billion
+0.04%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
+0.02%
11 Falcon USD USDF $ 1.000
$ 2.06B
$ 2.06 billion
+0.57%
12 Ripple USD RLUSD $ 0.999
$ 1.93B
$ 1.93 billion
+0.11%
13 PAX Gold PAXG $ 4,171.17
$ 1.89B
$ 1.89 billion
+2.83%
14 USDD USDD $ 0.997
$ 1.37B
$ 1.37 billion
-0.24%
15 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
+0.05%
16 Gho Token GHO $ 0.999
$ 598.48M
$ 598.48 million
-0.03%
17 TrueUSD TUSD $ 0.998
$ 493.32M
$ 493.32 million
-0.02%
18 EURC EURC $ 1.14
$ 435.15M
$ 435.15 million
+0.54%
19 First Digital USD FDUSD $ 0.998
$ 349.26M
$ 349.26 million
+0.02%
20 Legacy Frax Dollar FRAX $ 0.990
$ 237.17M
$ 237.17 million
-0.16%
21 Agora AUSD $ 0.995
$ 173.01M
$ 173.01 million
-0.78%
22 Binance USD BUSD $ 1.00
$ 55.87M
$ 55.87 million
+0.02%
23 Quantoz USDQ USDQ $ 0.985
$ 49.04M
$ 49.04 million
+0.09%
24 XUSD XUSD $ 1.00
$ 48.01M
$ 48.01 million
+0.01%
25 EURITE EURI $ 1.14
$ 47.78M
$ 47.78 million
+0.47%
26 Pax Dollar USDP $ 1.00
$ 45.61M
$ 45.61 million
+0.04%
27 Gemini dollar GUSD $ 1.00
$ 36.73M
$ 36.73 million
+0.01%
28 TerraClassicUSD USTC $ 0.00561
$ 31.26M
$ 31.26 million
+1.55%
29 BOLD Stablecoin BOLD $ 1.000
$ 30.54M
$ 30.54 million
-0.04%
30 Tether America USD USAT $ 0.999
$ 19.99M
$ 19.99 million
-0.01%
31 Quantoz EURQ EURQ $ 1.14
$ 15.58M
$ 15.58 million
+0.50%
32 XSGD XSGD $ 0.774
$ 11.99M
$ 11.99 million
+0.32%
33 Worldwide USD WUSD $ 0.996
$ 11.31M
$ 11.31 million
-0.02%
34 FUSD FUSD $ 0.998
$ 10.68M
$ 10.68 million
-0.28%
35 Resolv RESOLV $ 0.0219
$ 9.36M
$ 9.36 million
+6.18%
36 USD Base Coin USDBC $ 1.00
$ 6.17M
$ 6.17 million
+0.04%
37 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.09M
$ 5.09 million
-0.01%
38 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.36M
$ 2.36 million
+0.05%

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

39 Curve.Fi USD Stablecoin CRVUSD $ 16.43
$ 2.83B
$ 2.83 billion
-1.23%
40 Curve.fi DAI/USDC/USDT 3CRV $ 17.20
$ 2.76B
$ 2.76 billion
-4.94%
41 Ethena Labs (USDTb) USDTb $ 1.00
$ 916.94M
$ 916.94 million
-0.01%
42 Mezo USD MUSD $ 16.27
$ 813.65M
$ 813.65 million
-3.82%
43 Liquity USD LUSD $ 16.49
$ 583.57M
$ 583.57 million
-5.63%
44 Usual USD USD0 $ 1.000
$ 557.41M
$ 557.41 million
+0.11%
45 Resupply USD reUSD $ 10.22
$ 514.32M
$ 514.32 million
+4.65%
46 Origin Dollar OUSD $ 16.86
$ 124.77M
$ 124.77 million
-7.83%
47 USDsui USDsui $ 1.00
$ 66.84M
$ 66.84 million
+0.16%
48 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.85M
$ 63.85 million
-0.11%
49 Fidelity Digital Dollar FIDD $ 1.01
$ 59.94M
$ 59.94 million
+0.43%
50 TerraUSD UST $ 0.00563
$ 55.12M
$ 55.12 million
+1.80%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0219
$ 9.36M
$ 9.36 million
+6.18%
PAX Gold PAXG $ 4,171.17
$ 1.89B
$ 1.89 billion
+2.83%
TerraClassicUSD USTC $ 0.00561
$ 31.26M
$ 31.26 million
+1.55%
Falcon USD USDF $ 1.000
$ 2.06B
$ 2.06 billion
+0.57%
EURC EURC $ 1.14
$ 435.15M
$ 435.15 million
+0.54%
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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