Stablecoins

267 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
$ 189.82B
$ 189.82 billion
-0.01%
2 USDC USDC $ 1.00
$ 76.99B
$ 76.99 billion
-0.00%
3 USDS USDS $ 0.999
$ 11.19B
$ 11.19 billion
-0.04%
4 Binance-Peg BSC-USD BSC-USD $ 0.870
$ 7.82B
$ 7.82 billion
-5.31%
5 Dai DAI $ 1.00
$ 5.16B
$ 5.16 billion
+0.63%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.43B
$ 4.43 billion
-0.01%
7 Ethena USDe USDE $ 1.00
$ 3.97B
$ 3.97 billion
+0.02%
8 PayPal USD PYUSD $ 1.00
$ 3.47B
$ 3.47 billion
+0.02%
9 Global Dollar USDG $ 1.00
$ 2.97B
$ 2.97 billion
-0.00%
10 PAX Gold PAXG $ 4,537.64
$ 2.13B
$ 2.13 billion
-0.57%
11 Ripple USD RLUSD $ 1.00
$ 1.49B
$ 1.49 billion
+0.01%
12 USDD USDD $ 0.999
$ 1.48B
$ 1.48 billion
-0.02%
13 United Stables U $ 1.00
$ 995.15M
$ 995.15 million
+0.03%
14 TrueUSD TUSD $ 0.999
$ 494.21M
$ 494.21 million
+0.01%
15 EURC EURC $ 1.16
$ 448.04M
$ 448.04 million
-0.07%
16 First Digital USD FDUSD $ 0.998
$ 393.70M
$ 393.70 million
-0.01%
17 Legacy Frax Dollar FRAX $ 0.998
$ 275.42M
$ 275.42 million
+0.16%
18 Agora AUSD $ 1.00
$ 132.92M
$ 132.92 million
+0.21%
19 Binance USD BUSD $ 0.972
$ 53.75M
$ 53.75 million
-5.07%
20 EURITE EURI $ 1.16
$ 48.01M
$ 48.01 million
-0.04%
21 XUSD XUSD $ 1.00
$ 47.96M
$ 47.96 million
-0.01%
22 Pax Dollar USDP $ 1.00
$ 45.57M
$ 45.57 million
+0.04%
23 Gemini dollar GUSD $ 1.00
$ 37.69M
$ 37.69 million
-0.03%
24 TerraClassicUSD USTC $ 0.00644
$ 35.92M
$ 35.92 million
+0.31%
25 Liquity USD LUSD $ 1.00
$ 35.53M
$ 35.53 million
+0.84%
26 Tether America USD USAT $ 0.998
$ 19.97M
$ 19.97 million
-0.03%
27 XSGD XSGD $ 0.783
$ 14.52M
$ 14.52 million
+0.13%
28 StablR Euro EURR $ 1.15
$ 12.95M
$ 12.95 million
+0.05%
29 Resolv RESOLV $ 0.0304
$ 11.95M
$ 11.95 million
-8.67%
30 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
-0.03%
31 USD Base Coin USDBC $ 1.00
$ 7.06M
$ 7.06 million
-0.02%
32 StablR USD USDR $ 1.000
$ 7.02M
$ 7.02 million
+0.00%
33 Quantoz USDQ USDQ $ 1.00
$ 6.01M
$ 6.01 million
-0.02%
34 Reservoir DAM $ 0.0138
$ 5.35M
$ 5.35 million
-2.82%
35 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.11M
$ 5.11 million
+0.27%

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

36 Curve.Fi USD Stablecoin CRVUSD $ 2.87
$ 684.10M
$ 684.10 million
-2.98%
37 Usual USD USD0 $ 0.999
$ 564.41M
$ 564.41 million
+0.00%
38 Curve.fi DAI/USDC/USDT 3CRV $ 1.03
$ 166.02M
$ 166.02 million
+0.39%
39 Mezo USD MUSD $ 3.08
$ 153.97M
$ 153.97 million
+66.25%
40 Resupply USD reUSD $ 2.98
$ 149.99M
$ 149.99 million
-1.48%
41 sUSD Synthetix SUSD $ 1.90
$ 100.97M
$ 100.97 million
-2.92%
42 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.64M
$ 63.64 million
-0.03%
43 TerraUSD UST $ 0.00646
$ 63.38M
$ 63.38 million
+0.85%
44 Fidelity Digital Dollar FIDD $ 1.000
$ 59.59M
$ 59.59 million
+2.47%
45 USDsui USDsui $ 1.00
$ 55.99M
$ 55.99 million
-0.09%
46 Anchored Coins EUR AEUR $ 1.15
$ 54.42M
$ 54.42 million
-1.07%
47 Decentralized Social DESO $ 3.76
$ 33.45M
$ 33.45 million
-0.07%
48 BOLD Stablecoin BOLD $ 1.00
$ 31.63M
$ 31.63 million
+0.01%
49 Bucket Protocol BUCK Stablecoin BUCK $ 0.999
$ 25.93M
$ 25.93 million
+0.04%
50 Origin Dollar OUSD $ 3.07
$ 16.77M
$ 16.77 million
+33.35%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Liquity USD LUSD $ 1.00
$ 35.53M
$ 35.53 million
+0.84%
Dai DAI $ 1.00
$ 5.16B
$ 5.16 billion
+0.63%
TerraClassicUSD USTC $ 0.00644
$ 35.92M
$ 35.92 million
+0.31%
Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.11M
$ 5.11 million
+0.27%
Agora AUSD $ 1.00
$ 132.92M
$ 132.92 million
+0.21%
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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