Stablecoins

314 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
$ 183.09B
$ 183.09 billion
+0.01%
2 USDC USDC $ 1.00
$ 71.89B
$ 71.89 billion
-0.01%
3 USDS USDS $ 1.00
$ 9.79B
$ 9.79 billion
+0.02%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.93B
$ 8.93 billion
-3.46%
5 Dai DAI $ 1.00
$ 4.57B
$ 4.57 billion
-0.01%
6 Ethena USDe USDE $ 1.00
$ 4.04B
$ 4.04 billion
-0.02%
7 World Liberty Financial USD USD1 $ 1.000
$ 3.98B
$ 3.98 billion
+0.01%
8 Global Dollar USDG $ 1.00
$ 3.47B
$ 3.47 billion
+0.08%
9 PayPal USD PYUSD $ 1.00
$ 2.77B
$ 2.77 billion
-0.03%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.15B
$ 2.15 billion
-0.02%
11 PAX Gold PAXG $ 4,345.11
$ 1.90B
$ 1.90 billion
-1.63%
12 Ripple USD RLUSD $ 1.00
$ 1.75B
$ 1.75 billion
-0.01%
13 USDD USDD $ 1.000
$ 1.55B
$ 1.55 billion
-0.01%
14 United Stables U $ 1.00
$ 1.26B
$ 1.26 billion
-0.01%
15 Falcon USD USDF $ 0.995
$ 1.17B
$ 1.17 billion
-0.21%
16 Gho Token GHO $ 0.999
$ 698.26M
$ 698.26 million
-0.01%
17 TrueUSD TUSD $ 0.998
$ 493.69M
$ 493.69 million
-0.06%
18 EURC EURC $ 1.16
$ 465.98M
$ 465.98 million
-0.04%
19 First Digital USD FDUSD $ 1.00
$ 350.96M
$ 350.96 million
-0.01%
20 Tether America USD USAT $ 1.000
$ 185.41M
$ 185.41 million
+0.01%
21 XUSD XUSD $ 1.00
$ 46.23M
$ 46.23 million
+0.01%
22 Binance USD BUSD $ 1.00
$ 38.09M
$ 38.09 million
+0.81%
23 EURITE EURI $ 1.16
$ 37.76M
$ 37.76 million
-0.09%
24 Gemini dollar GUSD $ 1.00
$ 30.51M
$ 30.51 million
-0.02%
25 Pax Dollar USDP $ 1.000
$ 27.49M
$ 27.49 million
-0.02%
26 TerraClassicUSD USTC $ 0.00478
$ 26.67M
$ 26.67 million
-1.39%
27 Resolv RESOLV $ 0.0175
$ 8.03M
$ 8.03 million
+2.71%
28 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 6.15M
$ 6.15 million
+0.05%
29 Quantoz USDQ USDQ $ 0.988
$ 5.67M
$ 5.67 million
+0.06%
30 Quantoz EURQ EURQ $ 1.11
$ 5.12M
$ 5.12 million
+0.28%
31 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.34M
$ 2.34 million
-0.01%

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

32 Ethena Staked USDe sUSDe $ 1.25
$ 3.88B
$ 3.88 billion
+0.26%
33 TerraUSD UST $ 0.0702
$ 688.67M
$ 688.67 million
+143.08%
34 Usual USD USD0 $ 0.999
$ 553.79M
$ 553.79 million
-0.00%
35 Solstice USX USX $ 1.000
$ 506.81M
$ 506.81 million
-0.00%
36 Ethena Labs (USDTb) USDTb $ 1.00
$ 358.07M
$ 358.07 million
-0.02%
37 Legacy Frax Dollar FRAX $ 0.991
$ 217.45M
$ 217.45 million
-0.14%
38 Agora AUSD $ 1.00
$ 210.35M
$ 210.35 million
+0.32%
39 Curve.Fi USD Stablecoin CRVUSD $ 0.982
$ 210.16M
$ 210.16 million
-0.00%
40 EUR CoinVertible EURCV $ 1.16
$ 160.12M
$ 160.12 million
-0.16%
41 GUSD GUSD $ 0.999
$ 149.36M
$ 149.36 million
+0.07%
42 STASIS EURO EURS $ 1.20
$ 148.73M
$ 148.73 million
+0.93%
43 Frax USD FRXUSD $ 1.00
$ 112.31M
$ 112.31 million
+0.07%
44 Lista USD lisUSD $ 0.996
$ 67.00M
$ 67.00 million
-0.31%
45 Fidelity Digital Dollar FIDD $ 1.00
$ 48.96M
$ 48.96 million
+0.00%
46 Liquity USD LUSD $ 0.999
$ 28.05M
$ 28.05 million
-0.06%
47 sUSD Synthetix SUSD $ 0.517
$ 25.48M
$ 25.48 million
+0.23%
48 agEUR AGEUR $ 1.16
$ 24.27M
$ 24.27 million
+3.22%
49 Celo Dollar CUSD $ 1.000
$ 13.89M
$ 13.89 million
+0.10%
50 XSGD XSGD $ 0.782
$ 11.95M
$ 11.95 million
-0.16%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0175
$ 8.03M
$ 8.03 million
+2.71%
Binance USD BUSD $ 1.00
$ 38.09M
$ 38.09 million
+0.81%
Quantoz EURQ EURQ $ 1.11
$ 5.12M
$ 5.12 million
+0.28%
Global Dollar USDG $ 1.00
$ 3.47B
$ 3.47 billion
+0.08%
Quantoz USDQ USDQ $ 0.988
$ 5.67M
$ 5.67 million
+0.06%
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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