Stablecoins

224 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
$ 185.40B
$ 185.40 billion
+0.02%
2 USDC USDC $ 1.00
$ 70.27B
$ 70.27 billion
-0.01%
3 USDS USDS $ 0.997
$ 9.25B
$ 9.25 billion
+0.16%
4 Binance-Peg BSC-USD BSC-USD $ 0.988
$ 8.95B
$ 8.95 billion
-0.78%
5 Ethena USDe USDE $ 0.999
$ 6.47B
$ 6.47 billion
-0.03%
6 Dai DAI $ 0.999
$ 5.14B
$ 5.14 billion
+0.11%
7 World Liberty Financial USD USD1 $ 1.000
$ 4.92B
$ 4.92 billion
-0.11%
8 PayPal USD PYUSD $ 1.000
$ 3.61B
$ 3.61 billion
+0.02%
9 PAX Gold PAXG $ 4,879.74
$ 1.87B
$ 1.87 billion
-1.37%
10 Global Dollar USDG $ 1.00
$ 1.60B
$ 1.60 billion
+0.05%
11 Ripple USD RLUSD $ 1.00
$ 1.40B
$ 1.40 billion
-0.01%
12 USDD USDD $ 1.000
$ 1.12B
$ 1.12 billion
-0.06%
13 United Stables U $ 1.00
$ 735.00M
$ 735.00 million
+0.01%
14 Usual USD USD0 $ 0.997
$ 589.22M
$ 589.22 million
-0.11%
15 TrueUSD TUSD $ 0.998
$ 493.54M
$ 493.54 million
+0.01%
16 First Digital USD FDUSD $ 0.999
$ 455.46M
$ 455.46 million
-0.01%
17 EURC EURC $ 1.18
$ 363.19M
$ 363.19 million
-0.07%
18 Legacy Frax Dollar FRAX $ 0.993
$ 274.29M
$ 274.29 million
-0.09%
19 Agora AUSD $ 1.00
$ 161.15M
$ 161.15 million
+0.03%
20 Curve.Fi USD Stablecoin CRVUSD $ 0.986
$ 145.91M
$ 145.91 million
+0.47%
21 DOLA DOLA $ 0.996
$ 133.80M
$ 133.80 million
-0.21%
22 Binance USD BUSD $ 0.996
$ 55.86M
$ 55.86 million
+0.03%
23 EURITE EURI $ 1.18
$ 48.88M
$ 48.88 million
-0.08%
24 Gemini dollar GUSD $ 1.00
$ 47.15M
$ 47.15 million
-0.00%
25 Pax Dollar USDP $ 1.00
$ 45.58M
$ 45.58 million
-0.03%
26 BOLD Stablecoin BOLD $ 1.000
$ 39.04M
$ 39.04 million
+0.04%
27 sUSD Synthetix SUSD $ 0.688
$ 36.06M
$ 36.06 million
-5.89%
28 TerraClassicUSD USTC $ 0.00564
$ 31.50M
$ 31.50 million
-6.36%
29 Resolv RESOLV $ 0.0792
$ 28.20M
$ 28.20 million
-1.67%
30 XUSD XUSD $ 1.00
$ 25.30M
$ 25.30 million
-0.01%
31 Tether America USD USAT $ 1.000
$ 20.00M
$ 20.00 million
-0.18%
32 XSGD XSGD $ 0.785
$ 13.81M
$ 13.81 million
-0.23%
33 StablR Euro EURR $ 1.18
$ 13.19M
$ 13.19 million
-0.71%
34 Worldwide USD WUSD $ 1.000
$ 11.35M
$ 11.35 million
+0.04%
35 Reservoir DAM $ 0.0201
$ 6.85M
$ 6.85 million
+2.14%
36 StablR USD USDR $ 0.999
$ 6.83M
$ 6.83 million
-0.03%
37 Quantoz USDQ USDQ $ 1.00
$ 6.17M
$ 6.17 million
-0.05%

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

38 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 165.89M
$ 165.89 million
-0.51%
39 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.26M
$ 63.26 million
+0.01%
40 Decentralized Social DESO $ 6.54
$ 58.15M
$ 58.15 million
-1.66%
41 Anchored Coins EUR AEUR $ 1.20
$ 56.74M
$ 56.74 million
-1.64%
42 TerraUSD UST $ 0.00553
$ 54.32M
$ 54.32 million
-7.89%
43 Resupply USD reUSD $ 0.933
$ 46.96M
$ 46.96 million
-5.42%
44 Liquity USD LUSD $ 1.000
$ 35.68M
$ 35.68 million
+0.04%
45 Bucket Protocol BUCK Stablecoin BUCK $ 0.999
$ 25.91M
$ 25.91 million
-0.25%
46 Euro Tether EURT $ 0.396
$ 15.86M
$ 15.86 million
-42.49%
47 Celo Dollar CUSD $ 1.00
$ 15.01M
$ 15.01 million
+0.20%
48 Origin Dollar OUSD $ 0.997
$ 8.62M
$ 8.62 million
-0.00%
49 USD Base Coin USDBC $ 1.000
$ 7.64M
$ 7.64 million
-0.21%
50 Fei Protocol FEI $ 0.981
$ 3.34M
$ 3.34 million
+0.00%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
Reservoir DAM $ 0.0201
$ 6.85M
$ 6.85 million
+2.14%
Curve.Fi USD Stablecoin CRVUSD $ 0.986
$ 145.91M
$ 145.91 million
+0.47%
USDS USDS $ 0.997
$ 9.25B
$ 9.25 billion
+0.16%
Dai DAI $ 0.999
$ 5.14B
$ 5.14 billion
+0.11%
Global Dollar USDG $ 1.00
$ 1.60B
$ 1.60 billion
+0.05%
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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