Stablecoins

314 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
$ 183.13B
$ 183.13 billion
-0.00%
2 USDC USDC $ 1.00
$ 71.95B
$ 71.95 billion
+0.01%
3 USDS USDS $ 1.00
$ 9.80B
$ 9.80 billion
-0.01%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.73B
$ 8.73 billion
-5.00%
5 Dai DAI $ 1.00
$ 5.21B
$ 5.21 billion
+0.01%
6 World Liberty Financial USD USD1 $ 1.000
$ 3.99B
$ 3.99 billion
-0.00%
7 Ethena USDe USDE $ 1.00
$ 3.96B
$ 3.96 billion
+0.00%
8 Global Dollar USDG $ 1.00
$ 3.47B
$ 3.47 billion
-0.23%
9 PayPal USD PYUSD $ 1.00
$ 2.77B
$ 2.77 billion
+0.02%
10 Ripple USD RLUSD $ 1.00
$ 1.94B
$ 1.94 billion
-0.01%
11 PAX Gold PAXG $ 4,377.86
$ 1.91B
$ 1.91 billion
-0.03%
12 USDD USDD $ 1.00
$ 1.57B
$ 1.57 billion
-0.00%
13 United Stables U $ 1.00
$ 1.24B
$ 1.24 billion
+0.01%
14 Falcon USD USDF $ 1.00
$ 1.18B
$ 1.18 billion
+0.33%
15 Gho Token GHO $ 0.996
$ 697.90M
$ 697.90 million
-0.05%
16 TrueUSD TUSD $ 0.999
$ 493.99M
$ 493.99 million
-0.01%
17 EURC EURC $ 1.16
$ 465.68M
$ 465.68 million
+0.04%
18 First Digital USD FDUSD $ 1.00
$ 351.01M
$ 351.01 million
+0.01%
19 Tether America USD USAT $ 0.999
$ 185.34M
$ 185.34 million
+0.00%
20 XUSD XUSD $ 1.00
$ 45.23M
$ 45.23 million
-0.01%
21 Binance USD BUSD $ 1.00
$ 37.86M
$ 37.86 million
-0.01%
22 EURITE EURI $ 1.16
$ 37.74M
$ 37.74 million
-0.02%
23 Gemini dollar GUSD $ 1.00
$ 30.49M
$ 30.49 million
+0.04%
24 Pax Dollar USDP $ 1.00
$ 29.66M
$ 29.66 million
+0.02%
25 TerraClassicUSD USTC $ 0.00493
$ 27.45M
$ 27.45 million
+1.34%
26 FUSD FUSD $ 1.000
$ 11.70M
$ 11.70 million
-0.01%
27 Resolv RESOLV $ 0.0174
$ 7.98M
$ 7.98 million
+0.48%
28 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 6.15M
$ 6.15 million
+0.12%
29 Quantoz USDQ USDQ $ 0.992
$ 5.69M
$ 5.69 million
-0.01%
30 Quantoz EURQ EURQ $ 1.14
$ 5.25M
$ 5.25 million
+0.18%
31 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.33M
$ 2.33 million
-0.03%

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

32 Ethena Staked USDe sUSDe $ 58,666.16
$ 182.80T
$ 182.80 trillion
+4.75M%
33 USD Base Coin USDBC $ 2,314.48
$ 13.28B
$ 13.28 billion
+181.59%
34 Ondo US Dollar Yield USDY $ 1.14
$ 2.15B
$ 2.15 billion
+0.06%
35 Usual USD USD0 $ 0.999
$ 553.73M
$ 553.73 million
-0.00%
36 Solstice USX USX $ 1.000
$ 506.80M
$ 506.80 million
+0.00%
37 USD0 Liquid Bond bUSD0 $ 0.965
$ 497.39M
$ 497.39 million
-0.02%
38 Ethena Labs (USDTb) USDTb $ 1.00
$ 358.22M
$ 358.22 million
+0.01%
39 Legacy Frax Dollar FRAX $ 0.991
$ 217.35M
$ 217.35 million
-0.12%
40 Agora AUSD $ 0.998
$ 212.48M
$ 212.48 million
-0.03%
41 Curve.Fi USD Stablecoin CRVUSD $ 0.982
$ 210.16M
$ 210.16 million
+0.00%
42 EUR CoinVertible EURCV $ 1.16
$ 160.05M
$ 160.05 million
+0.05%
43 GUSD GUSD $ 1.00
$ 149.44M
$ 149.44 million
+0.06%
44 STASIS EURO EURS $ 1.19
$ 147.86M
$ 147.86 million
-2.25%
45 Frax USD FRXUSD $ 1.000
$ 112.18M
$ 112.18 million
-0.04%
46 Lista USD lisUSD $ 0.999
$ 67.19M
$ 67.19 million
+0.03%
47 Fidelity Digital Dollar FIDD $ 1.00
$ 49.09M
$ 49.09 million
+0.06%
48 BOLD Stablecoin BOLD $ 1.00
$ 30.75M
$ 30.75 million
+0.03%
49 sUSD Synthetix SUSD $ 0.587
$ 28.94M
$ 28.94 million
-2.18%
50 Liquity USD LUSD $ 1.00
$ 28.08M
$ 28.08 million
+0.02%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
TerraClassicUSD USTC $ 0.00493
$ 27.45M
$ 27.45 million
+1.34%
Resolv RESOLV $ 0.0174
$ 7.98M
$ 7.98 million
+0.48%
Falcon USD USDF $ 1.00
$ 1.18B
$ 1.18 billion
+0.33%
Quantoz EURQ EURQ $ 1.14
$ 5.25M
$ 5.25 million
+0.18%
Kyrgyz Som Stablecoin KGST $ 0.0114
$ 6.15M
$ 6.15 million
+0.12%
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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