Stablecoins

287 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 $ 1.000
$ 184.28B
$ 184.28 billion
+0.00%
2 USDC USDC $ 1.00
$ 73.00B
$ 73.00 billion
-0.05%
3 USDS USDS $ 1.00
$ 10.15B
$ 10.15 billion
-0.03%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.03%
5 Dai DAI $ 0.998
$ 5.13B
$ 5.13 billion
-0.26%
6 World Liberty Financial USD USD1 $ 0.999
$ 4.58B
$ 4.58 billion
-0.07%
7 Ethena USDe USDE $ 0.999
$ 4.45B
$ 4.45 billion
-0.01%
8 Global Dollar USDG $ 1.00
$ 3.03B
$ 3.03 billion
-0.09%
9 PayPal USD PYUSD $ 1.00
$ 2.85B
$ 2.85 billion
-0.08%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.15B
$ 2.15 billion
+0.02%
11 Falcon USD USDF $ 0.992
$ 2.04B
$ 2.04 billion
-0.65%
12 Ripple USD RLUSD $ 0.998
$ 1.93B
$ 1.93 billion
-0.09%
13 PAX Gold PAXG $ 4,164.85
$ 1.88B
$ 1.88 billion
+0.13%
14 USDD USDD $ 0.999
$ 1.37B
$ 1.37 billion
-0.08%
15 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
-0.05%
16 Gho Token GHO $ 0.999
$ 598.37M
$ 598.37 million
+0.03%
17 TrueUSD TUSD $ 0.998
$ 493.83M
$ 493.83 million
+0.03%
18 EURC EURC $ 1.14
$ 434.27M
$ 434.27 million
-0.10%
19 First Digital USD FDUSD $ 0.998
$ 349.45M
$ 349.45 million
-0.08%
20 Legacy Frax Dollar FRAX $ 0.991
$ 237.48M
$ 237.48 million
-0.06%
21 Binance USD BUSD $ 1.000
$ 55.82M
$ 55.82 million
-0.06%
22 Quantoz USDQ USDQ $ 0.983
$ 48.97M
$ 48.97 million
-0.37%
23 XUSD XUSD $ 1.00
$ 47.98M
$ 47.98 million
+0.00%
24 EURITE EURI $ 1.14
$ 47.40M
$ 47.40 million
-0.06%
25 Pax Dollar USDP $ 1.00
$ 45.57M
$ 45.57 million
+0.15%
26 Gemini dollar GUSD $ 1.00
$ 36.71M
$ 36.71 million
-0.01%
27 TerraClassicUSD USTC $ 0.00572
$ 31.83M
$ 31.83 million
-0.19%
28 BOLD Stablecoin BOLD $ 0.999
$ 30.57M
$ 30.57 million
+0.01%
29 Tether America USD USAT $ 1.000
$ 19.99M
$ 19.99 million
+0.00%
30 Quantoz EURQ EURQ $ 1.15
$ 15.68M
$ 15.68 million
+0.43%
31 XSGD XSGD $ 0.774
$ 11.99M
$ 11.99 million
+0.06%
32 Worldwide USD WUSD $ 0.996
$ 11.30M
$ 11.30 million
+0.05%
33 FUSD FUSD $ 1.000
$ 10.71M
$ 10.71 million
+0.16%
34 Resolv RESOLV $ 0.0211
$ 8.99M
$ 8.99 million
+2.35%
35 USD Base Coin USDBC $ 1.00
$ 6.16M
$ 6.16 million
-0.27%
36 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.10M
$ 5.10 million
+0.16%
37 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.36M
$ 2.36 million
+0.04%

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

38 Curve.Fi USD Stablecoin CRVUSD $ 16.27
$ 2.81B
$ 2.81 billion
-0.68%
39 Curve.fi DAI/USDC/USDT 3CRV $ 16.62
$ 2.56B
$ 2.56 billion
-3.75%
40 Ethena Labs (USDTb) USDTb $ 1.00
$ 917.28M
$ 917.28 million
+0.02%
41 Mezo USD MUSD $ 15.73
$ 786.30M
$ 786.30 million
-3.30%
42 Resupply USD reUSD $ 13.79
$ 694.08M
$ 694.08 million
+31.81%
43 Liquity USD LUSD $ 16.07
$ 568.72M
$ 568.72 million
-3.96%
44 Usual USD USD0 $ 0.999
$ 556.83M
$ 556.83 million
-0.01%
45 Agora AUSD $ 0.994
$ 171.27M
$ 171.27 million
+14.12%
46 Origin Dollar OUSD $ 16.45
$ 121.74M
$ 121.74 million
+3.45%
47 USDsui USDsui $ 0.999
$ 66.80M
$ 66.80 million
-0.09%
48 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 64.03M
$ 64.03 million
+0.00%
49 Fidelity Digital Dollar FIDD $ 1.000
$ 59.57M
$ 59.57 million
-0.15%
50 TerraUSD UST $ 0.00575
$ 56.34M
$ 56.34 million
+0.44%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0211
$ 8.99M
$ 8.99 million
+2.35%
Quantoz EURQ EURQ $ 1.15
$ 15.68M
$ 15.68 million
+0.43%
FUSD FUSD $ 1.000
$ 10.71M
$ 10.71 million
+0.16%
Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.10M
$ 5.10 million
+0.16%
Pax Dollar USDP $ 1.00
$ 45.57M
$ 45.57 million
+0.15%
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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