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 $ 0.998
$ 186.11B
$ 186.11 billion
-0.17%
2 USDC USDC $ 1.00
$ 74.89B
$ 74.89 billion
-0.02%
3 USDS USDS $ 1.00
$ 10.30B
$ 10.30 billion
+0.04%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.04%
5 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
-0.03%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.59B
$ 4.59 billion
+0.18%
7 Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
-0.05%
8 Global Dollar USDG $ 1.00
$ 2.81B
$ 2.81 billion
+0.01%
9 PayPal USD PYUSD $ 1.000
$ 2.77B
$ 2.77 billion
-0.13%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
+0.11%
11 Falcon USD USDF $ 0.993
$ 2.04B
$ 2.04 billion
-0.35%
12 PAX Gold PAXG $ 4,153.93
$ 1.89B
$ 1.89 billion
-0.02%
13 Ripple USD RLUSD $ 0.999
$ 1.86B
$ 1.86 billion
+0.04%
14 USDD USDD $ 1.00
$ 1.36B
$ 1.36 billion
+0.02%
15 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
+0.05%
16 Gho Token GHO $ 0.999
$ 598.62M
$ 598.62 million
+0.05%
17 TrueUSD TUSD $ 0.999
$ 494.05M
$ 494.05 million
+0.04%
18 EURC EURC $ 1.15
$ 431.15M
$ 431.15 million
-0.08%
19 First Digital USD FDUSD $ 0.999
$ 352.31M
$ 352.31 million
+0.05%
20 Legacy Frax Dollar FRAX $ 0.992
$ 239.99M
$ 239.99 million
+0.01%
21 Agora AUSD $ 1.00
$ 138.95M
$ 138.95 million
+0.22%
22 Binance USD BUSD $ 1.00
$ 55.96M
$ 55.96 million
-0.01%
23 Quantoz USDQ USDQ $ 0.993
$ 49.46M
$ 49.46 million
-0.05%
24 XUSD XUSD $ 1.00
$ 47.99M
$ 47.99 million
+0.01%
25 EURITE EURI $ 1.15
$ 47.39M
$ 47.39 million
+0.03%
26 Pax Dollar USDP $ 1.00
$ 45.57M
$ 45.57 million
+0.04%
27 Gemini dollar GUSD $ 0.999
$ 37.67M
$ 37.67 million
-0.13%
28 Liquity USD LUSD $ 0.984
$ 34.82M
$ 34.82 million
-1.90%
29 TerraClassicUSD USTC $ 0.00587
$ 32.74M
$ 32.74 million
+0.68%
30 BOLD Stablecoin BOLD $ 0.999
$ 31.80M
$ 31.80 million
+0.02%
31 Tether America USD USAT $ 0.999
$ 19.99M
$ 19.99 million
-0.02%
32 Quantoz EURQ EURQ $ 1.13
$ 15.50M
$ 15.50 million
-0.41%
33 Worldwide USD WUSD $ 0.996
$ 11.30M
$ 11.30 million
-0.09%
34 Resolv RESOLV $ 0.0182
$ 7.36M
$ 7.36 million
+24.75%
35 USD Base Coin USDBC $ 0.999
$ 6.28M
$ 6.28 million
-0.18%
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 $ 16.18
$ 3.36B
$ 3.36 billion
+1.62%
38 Resupply USD reUSD $ 16.12
$ 811.15M
$ 811.15 million
-0.74%
39 Usual USD USD0 $ 1.000
$ 559.90M
$ 559.90 million
-0.01%
40 sUSD Synthetix SUSD $ 4.27
$ 241.65M
$ 241.65 million
+0.18%
41 Curve.fi DAI/USDC/USDT 3CRV $ 1.02
$ 163.07M
$ 163.07 million
-1.76%
42 USDsui USDsui $ 0.999
$ 75.09M
$ 75.09 million
+0.22%
43 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.93M
$ 63.93 million
+0.01%
44 Fidelity Digital Dollar FIDD $ 1.000
$ 59.57M
$ 59.57 million
-0.11%
45 TerraUSD UST $ 0.00582
$ 57.10M
$ 57.10 million
+0.85%
46 Anchored Coins EUR AEUR $ 1.13
$ 53.65M
$ 53.65 million
+0.03%
47 Mezo USD MUSD $ 0.966
$ 48.30M
$ 48.30 million
+0.02%
48 Bucket Protocol BUCK Stablecoin BUCK $ 1.01
$ 26.11M
$ 26.11 million
+0.71%
49 Decentralized Social DESO $ 2.91
$ 25.86M
$ 25.86 million
-2.53%
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 $ 0.0182
$ 7.36M
$ 7.36 million
+24.75%
TerraClassicUSD USTC $ 0.00587
$ 32.74M
$ 32.74 million
+0.68%
Agora AUSD $ 1.00
$ 138.95M
$ 138.95 million
+0.22%
World Liberty Financial USD USD1 $ 1.00
$ 4.59B
$ 4.59 billion
+0.18%
Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
+0.11%
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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