Stablecoins

225 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 $ 1.000
$ 186.23B
$ 186.23 billion
-0.03%
2 USDC USDC $ 1.00
$ 77.33B
$ 77.33 billion
-0.03%
3 USDS USDS $ 1.01
$ 9.96B
$ 9.96 billion
+0.35%
4 Ethena USDe USDE $ 0.999
$ 6.53B
$ 6.53 billion
+0.01%
5 Dai DAI $ 1.00
$ 5.05B
$ 5.05 billion
-0.00%
6 PayPal USD PYUSD $ 1.000
$ 3.87B
$ 3.87 billion
+0.01%
7 World Liberty Financial USD USD1 $ 0.999
$ 2.72B
$ 2.72 billion
-0.02%
8 PAX Gold PAXG $ 4,340.82
$ 1.52B
$ 1.52 billion
-0.12%
9 Global Dollar USDG $ 0.999
$ 1.45B
$ 1.45 billion
-0.08%
10 Ripple USD RLUSD $ 1.00
$ 1.04B
$ 1.04 billion
-0.01%
11 First Digital USD FDUSD $ 0.999
$ 696.31M
$ 696.31 million
-0.01%
12 USDD USDD $ 1.000
$ 517.25M
$ 517.25 million
-0.00%
13 TrueUSD TUSD $ 0.996
$ 492.33M
$ 492.33 million
-0.02%
14 Legacy Frax Dollar FRAX $ 0.992
$ 278.00M
$ 278.00 million
-0.02%
15 EURC EURC $ 1.17
$ 269.47M
$ 269.47 million
-0.12%
16 Agora AUSD $ 1.000
$ 202.58M
$ 202.58 million
-0.03%
17 Curve.Fi USD Stablecoin CRVUSD $ 1.000
$ 147.97M
$ 147.97 million
+0.19%
18 DOLA DOLA $ 0.998
$ 124.28M
$ 124.28 million
+0.08%
19 sUSD Synthetix SUSD $ 0.904
$ 56.75M
$ 56.75 million
-1.45%
20 Binance USD BUSD $ 0.996
$ 56.01M
$ 56.01 million
-0.42%
21 Pax Dollar USDP $ 0.999
$ 49.53M
$ 49.53 million
+0.02%
22 EURITE EURI $ 1.17
$ 49.11M
$ 49.11 million
-0.13%
23 Gemini dollar GUSD $ 1.00
$ 46.77M
$ 46.77 million
-0.08%
24 Euro Tether EURT $ 1.06
$ 42.22M
$ 42.22 million
+2.54%
25 BOLD Stablecoin BOLD $ 0.998
$ 41.56M
$ 41.56 million
+0.01%
26 TerraClassicUSD USTC $ 0.00709
$ 39.65M
$ 39.65 million
+1.29%
27 Liquity USD LUSD $ 0.999
$ 37.88M
$ 37.88 million
-0.13%
28 Resolv RESOLV $ 0.0733
$ 25.46M
$ 25.46 million
+6.51%
29 XUSD XUSD $ 1.00
$ 19.49M
$ 19.49 million
+0.02%
30 StablR Euro EURR $ 1.17
$ 13.69M
$ 13.69 million
-0.07%
31 Worldwide USD WUSD $ 1.000
$ 12.61M
$ 12.61 million
+0.03%
32 USD Base Coin USDBC $ 1.00
$ 8.68M
$ 8.68 million
-0.01%
33 StablR USD USDR $ 1.01
$ 7.80M
$ 7.80 million
+1.07%
34 Quantoz USDQ USDQ $ 0.999
$ 6.66M
$ 6.66 million
+0.19%
35 Reservoir DAM $ 0.0163
$ 4.99M
$ 4.99 million
-11.55%

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

36 Usual USD USD0 $ 0.998
$ 564.07M
$ 564.07 million
+0.06%
37 Curve.fi DAI/USDC/USDT 3CRV $ 1.05
$ 167.87M
$ 167.87 million
+1.29%
38 OpenEden Compounding OpenDollar CUSDO $ 1.03
$ 73.38M
$ 73.38 million
+0.01%
39 TerraUSD UST $ 0.00708
$ 69.42M
$ 69.42 million
+1.42%
40 Anchored Coins EUR AEUR $ 1.14
$ 54.16M
$ 54.16 million
+0.43%
41 Resupply USD reUSD $ 0.992
$ 51.60M
$ 51.60 million
+0.19%
42 Decentralized Social DESO $ 5.24
$ 46.53M
$ 46.53 million
-3.23%
43 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 26.00M
$ 26.00 million
+0.13%
44 Celo Dollar CUSD $ 1.00
$ 15.86M
$ 15.86 million
+0.11%
45 XSGD XSGD $ 0.775
$ 12.89M
$ 12.89 million
-0.10%
46 Fei Protocol FEI $ 0.986
$ 3.30M
$ 3.30 million
-1.40%
47 Rupiah Token IDRT $ 0.0000589
$ 2.77M
$ 2.77 million
-0.17%
48 Vai VAI $ 0.997
$ 2.50M
$ 2.50 million
-0.22%
49 Level USD LVLUSD $ 1.000
$ 1.32M
$ 1.32 million
-0.00%
50 Origin Dollar OUSD $ 0.996
$ 531,977
$ 531,977
-0.17%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
Resolv RESOLV $ 0.0733
$ 25.46M
$ 25.46 million
+6.51%
Euro Tether EURT $ 1.06
$ 42.22M
$ 42.22 million
+2.54%
TerraClassicUSD USTC $ 0.00709
$ 39.65M
$ 39.65 million
+1.29%
StablR USD USDR $ 1.01
$ 7.80M
$ 7.80 million
+1.07%
USDS USDS $ 1.01
$ 9.96B
$ 9.96 billion
+0.35%
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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