Stablecoins

234 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
$ 183.63B
$ 183.63 billion
+0.01%
2 USDC USDC $ 1.00
$ 76.04B
$ 76.04 billion
+0.03%
3 USDS USDS $ 0.995
$ 10.10B
$ 10.10 billion
-0.42%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.98B
$ 8.98 billion
+0.03%
5 Ethena USDe USDE $ 1.000
$ 6.15B
$ 6.15 billion
+0.06%
6 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.02%
7 PayPal USD PYUSD $ 1.000
$ 4.19B
$ 4.19 billion
+0.07%
8 World Liberty Financial USD USD1 $ 0.999
$ 4.05B
$ 4.05 billion
+0.05%
9 PAX Gold PAXG $ 5,350.80
$ 2.57B
$ 2.57 billion
-0.94%
10 Global Dollar USDG $ 1.00
$ 1.79B
$ 1.79 billion
-0.02%
11 Ripple USD RLUSD $ 1.00
$ 1.42B
$ 1.42 billion
+0.12%
12 USDD USDD $ 1.000
$ 1.08B
$ 1.08 billion
-0.01%
13 United Stables U $ 1.00
$ 665.04M
$ 665.04 million
+0.02%
14 TrueUSD TUSD $ 0.999
$ 494.20M
$ 494.20 million
+0.15%
15 EURC EURC $ 1.17
$ 445.27M
$ 445.27 million
-0.88%
16 First Digital USD FDUSD $ 0.999
$ 380.16M
$ 380.16 million
-0.16%
17 Curve.Fi USD Stablecoin CRVUSD $ 0.958
$ 278.54M
$ 278.54 million
-2.60%
18 Legacy Frax Dollar FRAX $ 0.990
$ 273.09M
$ 273.09 million
-0.20%
19 Agora AUSD $ 0.998
$ 175.18M
$ 175.18 million
-0.27%
20 Binance USD BUSD $ 0.999
$ 55.76M
$ 55.76 million
-0.08%
21 EURITE EURI $ 1.17
$ 48.50M
$ 48.50 million
-0.91%
22 Gemini dollar GUSD $ 1.00
$ 47.10M
$ 47.10 million
+0.05%
23 Pax Dollar USDP $ 1.000
$ 45.54M
$ 45.54 million
-0.03%
24 sUSD Synthetix SUSD $ 0.831
$ 43.80M
$ 43.80 million
+1.79%
25 TerraClassicUSD USTC $ 0.00504
$ 28.15M
$ 28.15 million
+1.78%
26 XUSD XUSD $ 1.00
$ 25.28M
$ 25.28 million
-0.01%
27 Resolv RESOLV $ 0.0581
$ 21.51M
$ 21.51 million
-1.12%
28 Tether America USD USAT $ 0.999
$ 19.99M
$ 19.99 million
+0.20%
29 XSGD XSGD $ 0.787
$ 13.76M
$ 13.76 million
-0.14%
30 StablR Euro EURR $ 1.16
$ 13.03M
$ 13.03 million
-0.49%
31 Worldwide USD WUSD $ 1.000
$ 11.35M
$ 11.35 million
-0.03%
32 Reservoir DAM $ 0.0251
$ 8.55M
$ 8.55 million
+9.24%
33 StablR USD USDR $ 0.997
$ 6.81M
$ 6.81 million
-0.04%
34 Quantoz USDQ USDQ $ 1.000
$ 6.16M
$ 6.16 million
+0.02%

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

35 Usual USD USD0 $ 0.997
$ 571.06M
$ 571.06 million
-0.18%
36 Curve.fi DAI/USDC/USDT 3CRV $ 1.05
$ 168.11M
$ 168.11 million
+2.59%
37 Resupply USD reUSD $ 2.57
$ 129.10M
$ 129.10 million
+1.11%
38 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.35M
$ 63.35 million
+0.05%
39 Anchored Coins EUR AEUR $ 1.16
$ 55.11M
$ 55.11 million
-0.56%
40 TerraUSD UST $ 0.00499
$ 48.90M
$ 48.90 million
-0.61%
41 Decentralized Social DESO $ 5.18
$ 46.01M
$ 46.01 million
+0.15%
42 BOLD Stablecoin BOLD $ 1.00
$ 39.20M
$ 39.20 million
-0.00%
43 Liquity USD LUSD $ 1.00
$ 35.64M
$ 35.64 million
+0.25%
44 Bucket Protocol BUCK Stablecoin BUCK $ 0.999
$ 26.03M
$ 26.03 million
-0.10%
45 Euro Tether EURT $ 0.601
$ 24.03M
$ 24.03 million
+11.16%
46 Celo Dollar CUSD $ 0.999
$ 14.56M
$ 14.56 million
+0.05%
47 USD Base Coin USDBC $ 1.000
$ 7.11M
$ 7.11 million
-0.67%
48 Origin Dollar OUSD $ 1.000
$ 7.04M
$ 7.04 million
-0.01%
49 Fei Protocol FEI $ 0.997
$ 3.40M
$ 3.40 million
-0.77%
50 Vai VAI $ 1.00
$ 2.56M
$ 2.56 million
+0.05%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Reservoir DAM $ 0.0251
$ 8.55M
$ 8.55 million
+9.24%
sUSD Synthetix SUSD $ 0.831
$ 43.80M
$ 43.80 million
+1.79%
TerraClassicUSD USTC $ 0.00504
$ 28.15M
$ 28.15 million
+1.78%
Tether America USD USAT $ 0.999
$ 19.99M
$ 19.99 million
+0.20%
TrueUSD TUSD $ 0.999
$ 494.20M
$ 494.20 million
+0.15%
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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