Stablecoins

263 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
$ 189.73B
$ 189.73 billion
+0.01%
2 USDC USDC $ 1.00
$ 77.91B
$ 77.91 billion
+0.01%
3 USDS USDS $ 1.00
$ 10.84B
$ 10.84 billion
+0.08%
4 Binance-Peg BSC-USD BSC-USD $ 1.07
$ 9.65B
$ 9.65 billion
+21.41%
5 Ethena USDe USDE $ 1.000
$ 6.15B
$ 6.15 billion
-0.02%
6 Dai DAI $ 1.00
$ 5.14B
$ 5.14 billion
+0.10%
7 World Liberty Financial USD USD1 $ 0.996
$ 4.35B
$ 4.35 billion
+2.94%
8 PayPal USD PYUSD $ 1.000
$ 3.42B
$ 3.42 billion
+0.09%
9 Global Dollar USDG $ 1.00
$ 2.73B
$ 2.73 billion
+0.01%
10 PAX Gold PAXG $ 4,710.14
$ 2.22B
$ 2.22 billion
-0.15%
11 USDD USDD $ 1.000
$ 1.49B
$ 1.49 billion
+0.08%
12 Ripple USD RLUSD $ 1.00
$ 1.47B
$ 1.47 billion
-0.05%
13 United Stables U $ 1.00
$ 994.95M
$ 994.95 million
+0.05%
14 TrueUSD TUSD $ 1.000
$ 494.37M
$ 494.37 million
+0.02%
15 EURC EURC $ 1.18
$ 437.07M
$ 437.07 million
+0.03%
16 First Digital USD FDUSD $ 1.000
$ 399.57M
$ 399.57 million
+0.05%
17 Legacy Frax Dollar FRAX $ 0.994
$ 274.27M
$ 274.27 million
+0.20%
18 Agora AUSD $ 0.999
$ 137.20M
$ 137.20 million
-0.20%
19 Binance USD BUSD $ 0.958
$ 53.51M
$ 53.51 million
+0.12%
20 EURITE EURI $ 1.18
$ 48.71M
$ 48.71 million
+0.17%
21 XUSD XUSD $ 1.00
$ 47.96M
$ 47.96 million
-0.04%
22 Pax Dollar USDP $ 1.00
$ 45.56M
$ 45.56 million
+0.02%
23 TerraClassicUSD USTC $ 0.00744
$ 41.49M
$ 41.49 million
-0.66%
24 Gemini dollar GUSD $ 1.00
$ 37.69M
$ 37.69 million
+0.01%
25 BOLD Stablecoin BOLD $ 1.000
$ 34.50M
$ 34.50 million
-0.01%
26 Tether America USD USAT $ 0.999
$ 19.99M
$ 19.99 million
-0.02%
27 XSGD XSGD $ 0.789
$ 14.79M
$ 14.79 million
+0.10%
28 Resolv RESOLV $ 0.0342
$ 13.51M
$ 13.51 million
+5.10%
29 StablR Euro EURR $ 1.15
$ 12.92M
$ 12.92 million
-0.11%
30 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
+0.00%
31 USD Base Coin USDBC $ 1.00
$ 7.15M
$ 7.15 million
+0.34%
32 StablR USD USDR $ 1.000
$ 7.02M
$ 7.02 million
+0.04%
33 Quantoz USDQ USDQ $ 0.995
$ 5.98M
$ 5.98 million
-0.31%
34 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.07M
$ 5.07 million
-0.07%

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

35 Curve.Fi USD Stablecoin CRVUSD $ 3.14
$ 801.49M
$ 801.49 million
+0.27%
36 Usual USD USD0 $ 1.00
$ 566.64M
$ 566.64 million
-0.14%
37 Curve.fi DAI/USDC/USDT 3CRV $ 1.03
$ 164.72M
$ 164.72 million
-1.60%
38 Resupply USD reUSD $ 3.19
$ 160.75M
$ 160.75 million
+0.10%
39 sUSD Synthetix SUSD $ 2.31
$ 122.65M
$ 122.65 million
-1.99%
40 TerraUSD UST $ 0.00741
$ 72.64M
$ 72.64 million
+0.93%
41 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.66M
$ 63.66 million
-0.03%
42 Fidelity Digital Dollar FIDD $ 1.000
$ 59.57M
$ 59.57 million
-0.51%
43 USDsui USDsui $ 1.00
$ 55.99M
$ 55.99 million
+0.03%
44 Anchored Coins EUR AEUR $ 1.17
$ 55.34M
$ 55.34 million
+0.09%
45 Mezo USD MUSD $ 1.01
$ 50.28M
$ 50.28 million
-0.11%
46 Decentralized Social DESO $ 4.03
$ 35.82M
$ 35.82 million
+0.18%
47 Liquity USD LUSD $ 1.00
$ 35.46M
$ 35.46 million
-0.05%
48 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.97M
$ 25.97 million
+0.11%
49 Origin Dollar OUSD $ 3.20
$ 17.70M
$ 17.70 million
+0.23%
50 Reservoir DAM $ 0.0122
$ 4.74M
$ 4.74 million
+25.05%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 1.07
$ 9.65B
$ 9.65 billion
+21.41%
Resolv RESOLV $ 0.0342
$ 13.51M
$ 13.51 million
+5.10%
World Liberty Financial USD USD1 $ 0.996
$ 4.35B
$ 4.35 billion
+2.94%
USD Base Coin USDBC $ 1.00
$ 7.15M
$ 7.15 million
+0.34%
Legacy Frax Dollar FRAX $ 0.994
$ 274.27M
$ 274.27 million
+0.20%
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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