Stablecoins

288 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
-0.01%
2 USDC USDC $ 1.00
$ 73.28B
$ 73.28 billion
-0.02%
3 USDS USDS $ 1.00
$ 10.97B
$ 10.97 billion
+0.00%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.00B
$ 9.00 billion
-2.06%
5 Dai DAI $ 1.00
$ 5.33B
$ 5.33 billion
-0.08%
6 World Liberty Financial USD USD1 $ 1.000
$ 4.44B
$ 4.44 billion
-0.02%
7 Ethena USDe USDE $ 0.999
$ 4.39B
$ 4.39 billion
-0.05%
8 Global Dollar USDG $ 1.00
$ 3.20B
$ 3.20 billion
-0.01%
9 PayPal USD PYUSD $ 1.00
$ 2.86B
$ 2.86 billion
-0.02%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.15B
$ 2.15 billion
-0.02%
11 Ripple USD RLUSD $ 0.999
$ 1.94B
$ 1.94 billion
-0.07%
12 PAX Gold PAXG $ 4,064.15
$ 1.82B
$ 1.82 billion
-1.41%
13 USDD USDD $ 0.998
$ 1.42B
$ 1.42 billion
-0.04%
14 Falcon USD USDF $ 0.996
$ 1.26B
$ 1.26 billion
-0.16%
15 United Stables U $ 1.00
$ 1.03B
$ 1.03 billion
-0.04%
16 Gho Token GHO $ 0.999
$ 598.36M
$ 598.36 million
-0.04%
17 TrueUSD TUSD $ 0.999
$ 493.92M
$ 493.92 million
-0.04%
18 EURC EURC $ 1.14
$ 434.26M
$ 434.26 million
+0.10%
19 First Digital USD FDUSD $ 1.00
$ 349.22M
$ 349.22 million
-0.05%
20 Legacy Frax Dollar FRAX $ 0.992
$ 237.63M
$ 237.63 million
+0.05%
21 Agora AUSD $ 0.992
$ 170.74M
$ 170.74 million
+3.53%
22 Curve.Fi USD Stablecoin CRVUSD $ 0.984
$ 170.06M
$ 170.06 million
-0.66%
23 Binance USD BUSD $ 1.00
$ 56.78M
$ 56.78 million
+2.25%
24 XUSD XUSD $ 1.00
$ 49.53M
$ 49.53 million
-0.01%
25 Quantoz USDQ USDQ $ 0.990
$ 49.33M
$ 49.33 million
-0.03%
26 EURITE EURI $ 1.14
$ 37.83M
$ 37.83 million
+0.03%
27 TerraClassicUSD USTC $ 0.00567
$ 31.66M
$ 31.66 million
+3.39%
28 Gemini dollar GUSD $ 1.00
$ 29.97M
$ 29.97 million
+0.06%
29 Pax Dollar USDP $ 1.00
$ 29.66M
$ 29.66 million
+0.04%
30 BOLD Stablecoin BOLD $ 1.00
$ 29.62M
$ 29.62 million
+0.01%
31 Tether America USD USAT $ 0.999
$ 17.99M
$ 17.99 million
+0.01%
32 XSGD XSGD $ 0.770
$ 11.63M
$ 11.63 million
-0.57%
33 FUSD FUSD $ 1.000
$ 10.70M
$ 10.70 million
+0.03%
34 Worldwide USD WUSD $ 0.995
$ 10.49M
$ 10.49 million
+0.08%
35 Resolv RESOLV $ 0.0219
$ 9.35M
$ 9.35 million
-2.39%
36 USD Base Coin USDBC $ 0.996
$ 6.00M
$ 6.00 million
-0.71%
37 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.51M
$ 5.51 million
+0.00%
38 Quantoz EURQ EURQ $ 1.13
$ 5.28M
$ 5.28 million
-0.06%
39 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.42M
$ 2.42 million
+0.00%

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

40 Ethena Labs (USDTb) USDTb $ 1.00
$ 727.04M
$ 727.04 million
-0.02%
41 Usual USD USD0 $ 0.991
$ 552.57M
$ 552.57 million
-0.77%
42 TerraUSD UST $ 0.0191
$ 187.17M
$ 187.17 million
-45.00%
43 Curve.fi DAI/USDC/USDT 3CRV $ 1.16
$ 178.50M
$ 178.50 million
+10.70%
44 USDsui USDsui $ 1.00
$ 66.93M
$ 66.93 million
-0.15%
45 Anchored Coins EUR AEUR $ 1.13
$ 53.42M
$ 53.42 million
+0.83%
46 Fidelity Digital Dollar FIDD $ 1.000
$ 49.58M
$ 49.58 million
-0.03%
47 Resupply USD reUSD $ 1.08
$ 35.03M
$ 35.03 million
-65.19%
48 Origin Dollar OUSD $ 4.60
$ 34.23M
$ 34.23 million
-17.76%
49 sUSD Synthetix SUSD $ 0.641
$ 31.60M
$ 31.60 million
-8.89%
50 Liquity USD LUSD $ 1.04
$ 29.09M
$ 29.09 million
+0.89%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Agora AUSD $ 0.992
$ 170.74M
$ 170.74 million
+3.53%
TerraClassicUSD USTC $ 0.00567
$ 31.66M
$ 31.66 million
+3.39%
Binance USD BUSD $ 1.00
$ 56.78M
$ 56.78 million
+2.25%
EURC EURC $ 1.14
$ 434.26M
$ 434.26 million
+0.10%
Worldwide USD WUSD $ 0.995
$ 10.49M
$ 10.49 million
+0.08%
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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