Stablecoins

298 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
$ 184.42B
$ 184.42 billion
+0.05%
2 USDC USDC $ 1.00
$ 73.16B
$ 73.16 billion
+0.05%
3 USDS USDS $ 1.00
$ 10.06B
$ 10.06 billion
-0.03%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.24B
$ 9.24 billion
+3.82%
5 Dai DAI $ 1.00
$ 5.32B
$ 5.32 billion
+0.05%
6 World Liberty Financial USD USD1 $ 1.000
$ 4.32B
$ 4.32 billion
+0.06%
7 Ethena USDe USDE $ 1.00
$ 4.03B
$ 4.03 billion
+0.04%
8 Global Dollar USDG $ 1.00
$ 3.17B
$ 3.17 billion
+0.17%
9 PayPal USD PYUSD $ 1.00
$ 2.85B
$ 2.85 billion
-0.04%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
+0.32%
11 Ripple USD RLUSD $ 0.999
$ 1.94B
$ 1.94 billion
-0.03%
12 PAX Gold PAXG $ 4,013.85
$ 1.80B
$ 1.80 billion
-0.99%
13 USDD USDD $ 1.000
$ 1.56B
$ 1.56 billion
+0.00%
14 Falcon USD USDF $ 0.996
$ 1.26B
$ 1.26 billion
-0.13%
15 United Stables U $ 1.00
$ 1.04B
$ 1.04 billion
+0.10%
16 Gho Token GHO $ 0.997
$ 597.42M
$ 597.42 million
-0.15%
17 TrueUSD TUSD $ 0.997
$ 493.23M
$ 493.23 million
-0.01%
18 EURC EURC $ 1.14
$ 425.25M
$ 425.25 million
+0.19%
19 First Digital USD FDUSD $ 1.00
$ 347.62M
$ 347.62 million
+0.06%
20 Legacy Frax Dollar FRAX $ 0.990
$ 237.23M
$ 237.23 million
-0.20%
21 Curve.Fi USD Stablecoin CRVUSD $ 0.996
$ 205.25M
$ 205.25 million
+0.10%
22 Agora AUSD $ 1.00
$ 187.31M
$ 187.31 million
+0.05%
23 XUSD XUSD $ 1.00
$ 39.52M
$ 39.52 million
-0.02%
24 Binance USD BUSD $ 1.00
$ 39.09M
$ 39.09 million
+0.91%
25 EURITE EURI $ 1.14
$ 37.74M
$ 37.74 million
+0.36%
26 TerraClassicUSD USTC $ 0.00546
$ 30.45M
$ 30.45 million
-1.31%
27 Pax Dollar USDP $ 1.00
$ 29.66M
$ 29.66 million
-0.02%
28 Gemini dollar GUSD $ 1.00
$ 29.60M
$ 29.60 million
-0.06%
29 Tether America USD USAT $ 1.000
$ 17.99M
$ 17.99 million
-0.00%
30 Worldwide USD WUSD $ 0.996
$ 15.48M
$ 15.48 million
+0.11%
31 XSGD XSGD $ 0.775
$ 11.97M
$ 11.97 million
+0.11%
32 FUSD FUSD $ 1.000
$ 10.80M
$ 10.80 million
+0.01%
33 Resolv RESOLV $ 0.0197
$ 8.43M
$ 8.43 million
+1.96%
34 Quantoz USDQ USDQ $ 0.982
$ 5.71M
$ 5.71 million
-0.35%
35 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.51M
$ 5.51 million
-0.01%
36 Quantoz EURQ EURQ $ 1.13
$ 5.28M
$ 5.28 million
+0.33%
37 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.40M
$ 2.40 million
+0.02%

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

38 USD Base Coin USDBC $ 1,061.05
$ 6.41B
$ 6.41 billion
+623.75%
39 Ethena Labs (USDTb) USDTb $ 1.00
$ 727.43M
$ 727.43 million
+0.00%
40 Usual USD USD0 $ 0.999
$ 556.91M
$ 556.91 million
+0.10%
41 f(x) USD fxUSD $ 2.71
$ 161.78M
$ 161.78 million
+1.56%
42 Curve.fi DAI/USDC/USDT 3CRV $ 1.02
$ 157.98M
$ 157.98 million
-0.98%
43 Lista USD lisUSD $ 0.998
$ 67.16M
$ 67.16 million
-0.02%
44 USDsui USDsui $ 1.00
$ 66.93M
$ 66.93 million
-0.09%
45 Anchored Coins EUR AEUR $ 1.14
$ 54.10M
$ 54.10 million
-0.16%
46 TerraUSD UST $ 0.00545
$ 52.96M
$ 52.96 million
-78.59%
47 Mezo USD MUSD $ 0.991
$ 49.56M
$ 49.56 million
+0.70%
48 Fidelity Digital Dollar FIDD $ 0.990
$ 48.39M
$ 48.39 million
-1.09%
49 sUSD Synthetix SUSD $ 0.690
$ 34.02M
$ 34.02 million
+7.24%
50 BOLD Stablecoin BOLD $ 1.00
$ 29.45M
$ 29.45 million
-0.03%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.24B
$ 9.24 billion
+3.82%
Resolv RESOLV $ 0.0197
$ 8.43M
$ 8.43 million
+1.96%
Binance USD BUSD $ 1.00
$ 39.09M
$ 39.09 million
+0.91%
EURITE EURI $ 1.14
$ 37.74M
$ 37.74 million
+0.36%
Quantoz EURQ EURQ $ 1.13
$ 5.28M
$ 5.28 million
+0.33%
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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