Stablecoins

311 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
$ 184.23B
$ 184.23 billion
+0.06%
2 USDC USDC $ 1.00
$ 72.62B
$ 72.62 billion
+0.01%
3 USDS USDS $ 1.00
$ 9.85B
$ 9.85 billion
+0.05%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.16B
$ 9.16 billion
+2.85%
5 Dai DAI $ 1.00
$ 5.31B
$ 5.31 billion
+0.09%
6 World Liberty Financial USD USD1 $ 0.999
$ 4.12B
$ 4.12 billion
+0.01%
7 Ethena USDe USDE $ 1.00
$ 3.98B
$ 3.98 billion
+0.03%
8 Ethena Staked USDe sUSDe $ 1.26
$ 3.92B
$ 3.92 billion
-0.47%
9 Global Dollar USDG $ 1.00
$ 3.29B
$ 3.29 billion
+0.25%
10 PayPal USD PYUSD $ 1.00
$ 2.90B
$ 2.90 billion
+0.03%
11 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
-0.17%
12 Ripple USD RLUSD $ 1.00
$ 1.98B
$ 1.98 billion
+0.08%
13 PAX Gold PAXG $ 4,054.42
$ 1.80B
$ 1.80 billion
+0.02%
14 USDD USDD $ 1.00
$ 1.52B
$ 1.52 billion
+0.01%
15 Falcon USD USDF $ 0.997
$ 1.26B
$ 1.26 billion
+0.19%
16 United Stables U $ 1.00
$ 1.07B
$ 1.07 billion
-0.01%
17 Usual USD USD0 $ 0.999
$ 556.65M
$ 556.65 million
-0.07%
18 TrueUSD TUSD $ 0.996
$ 492.67M
$ 492.67 million
-0.04%
19 EURC EURC $ 1.14
$ 427.96M
$ 427.96 million
-0.04%
20 First Digital USD FDUSD $ 1.00
$ 346.47M
$ 346.47 million
+0.02%
21 Agora AUSD $ 1.00
$ 208.12M
$ 208.12 million
-0.02%
22 Curve.Fi USD Stablecoin CRVUSD $ 0.980
$ 206.15M
$ 206.15 million
-0.59%
23 Tether America USD USAT $ 1.000
$ 185.42M
$ 185.42 million
+0.02%
24 XUSD XUSD $ 1.00
$ 45.18M
$ 45.18 million
+0.00%
25 EURITE EURI $ 1.14
$ 37.25M
$ 37.25 million
-0.08%
26 Binance USD BUSD $ 1.00
$ 36.56M
$ 36.56 million
-3.39%
27 Pax Dollar USDP $ 1.00
$ 29.66M
$ 29.66 million
-0.00%
28 Gemini dollar GUSD $ 1.00
$ 29.51M
$ 29.51 million
-0.00%
29 TerraClassicUSD USTC $ 0.00528
$ 29.44M
$ 29.44 million
+1.59%
30 Liquity USD LUSD $ 1.00
$ 27.74M
$ 27.74 million
-0.54%
31 Worldwide USD WUSD $ 0.996
$ 13.34M
$ 13.34 million
+0.28%
32 FUSD FUSD $ 0.999
$ 11.39M
$ 11.39 million
+0.01%
33 Resolv RESOLV $ 0.0190
$ 8.11M
$ 8.11 million
+1.08%
34 Quantoz USDQ USDQ $ 0.987
$ 5.66M
$ 5.66 million
+0.01%
35 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.51M
$ 5.51 million
+0.07%
36 Quantoz EURQ EURQ $ 1.13
$ 5.23M
$ 5.23 million
+0.04%
37 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.40M
$ 2.40 million
+0.11%
38 Reservoir DAM $ 0.00556
$ 2.24M
$ 2.24 million
+70.50%

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

39 Gho Token GHO $ 1.00
$ 649.75M
$ 649.75 million
+0.18%
40 Ethena Labs (USDTb) USDTb $ 1.00
$ 356.96M
$ 356.96 million
+0.01%
41 Legacy Frax Dollar FRAX $ 0.995
$ 238.36M
$ 238.36 million
+0.19%
42 Alchemix USD ALUSD $ 0.950
$ 159.91M
$ 159.91 million
-93.99%
43 Curve.fi DAI/USDC/USDT 3CRV $ 1.03
$ 159.27M
$ 159.27 million
-1.36%
44 STASIS EURO EURS $ 1.21
$ 150.62M
$ 150.62 million
-0.04%
45 Lista USD lisUSD $ 0.998
$ 67.12M
$ 67.12 million
+0.25%
46 USDsui USDsui $ 1.00
$ 67.02M
$ 67.02 million
+0.05%
47 f(x) USD fxUSD $ 0.993
$ 63.67M
$ 63.67 million
+0.03%
48 Anchored Coins EUR AEUR $ 1.14
$ 54.04M
$ 54.04 million
+0.04%
49 Fidelity Digital Dollar FIDD $ 1.000
$ 48.57M
$ 48.57 million
+0.03%
50 Mezo USD MUSD $ 0.952
$ 47.62M
$ 47.62 million
-3.72%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Reservoir DAM $ 0.00556
$ 2.24M
$ 2.24 million
+70.50%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.16B
$ 9.16 billion
+2.85%
TerraClassicUSD USTC $ 0.00528
$ 29.44M
$ 29.44 million
+1.59%
Resolv RESOLV $ 0.0190
$ 8.11M
$ 8.11 million
+1.08%
Worldwide USD WUSD $ 0.996
$ 13.34M
$ 13.34 million
+0.28%
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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