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
$ 183.57B
$ 183.57 billion
+0.05%
2 USDC USDC $ 1.00
$ 71.98B
$ 71.98 billion
+0.00%
3 USDS USDS $ 1.00
$ 9.85B
$ 9.85 billion
-0.00%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.27B
$ 9.27 billion
+1.97%
5 Dai DAI $ 1.00
$ 5.23B
$ 5.23 billion
-0.01%
6 World Liberty Financial USD USD1 $ 1.00
$ 3.97B
$ 3.97 billion
+0.01%
7 Ethena USDe USDE $ 1.00
$ 3.90B
$ 3.90 billion
+0.05%
8 Ethena Staked USDe sUSDe $ 1.24
$ 3.87B
$ 3.87 billion
-0.32%
9 Global Dollar USDG $ 1.00
$ 3.46B
$ 3.46 billion
+0.05%
10 PayPal USD PYUSD $ 1.00
$ 2.71B
$ 2.71 billion
+0.01%
11 Ondo US Dollar Yield USDY $ 1.14
$ 2.15B
$ 2.15 billion
-0.07%
12 Ripple USD RLUSD $ 1.000
$ 1.93B
$ 1.93 billion
+0.00%
13 PAX Gold PAXG $ 4,236.93
$ 1.85B
$ 1.85 billion
-0.13%
14 USDD USDD $ 1.00
$ 1.59B
$ 1.59 billion
+0.03%
15 Falcon USD USDF $ 0.995
$ 1.25B
$ 1.25 billion
-0.24%
16 United Stables U $ 1.00
$ 1.23B
$ 1.23 billion
+0.03%
17 Gho Token GHO $ 0.998
$ 697.66M
$ 697.66 million
-0.01%
18 TrueUSD TUSD $ 0.996
$ 492.50M
$ 492.50 million
+0.01%
19 EURC EURC $ 1.15
$ 451.17M
$ 451.17 million
-0.29%
20 First Digital USD FDUSD $ 1.00
$ 349.52M
$ 349.52 million
+0.01%
21 Legacy Frax Dollar FRAX $ 0.989
$ 216.94M
$ 216.94 million
-0.09%
22 Agora AUSD $ 1.000
$ 214.64M
$ 214.64 million
-0.01%
23 Curve.Fi USD Stablecoin CRVUSD $ 0.996
$ 211.83M
$ 211.83 million
-0.12%
24 Tether America USD USAT $ 0.999
$ 185.34M
$ 185.34 million
-0.00%
25 XUSD XUSD $ 1.00
$ 45.23M
$ 45.23 million
+0.01%
26 Binance USD BUSD $ 1.00
$ 37.88M
$ 37.88 million
+0.04%
27 EURITE EURI $ 1.15
$ 36.80M
$ 36.80 million
-0.29%
28 Gemini dollar GUSD $ 1.00
$ 30.46M
$ 30.46 million
+0.01%
29 Pax Dollar USDP $ 1.00
$ 29.66M
$ 29.66 million
+0.00%
30 Liquity USD LUSD $ 0.999
$ 28.08M
$ 28.08 million
-0.38%
31 TerraClassicUSD USTC $ 0.00498
$ 27.75M
$ 27.75 million
+0.60%
32 XSGD XSGD $ 0.780
$ 11.85M
$ 11.85 million
-0.23%
33 FUSD FUSD $ 1.00
$ 11.60M
$ 11.60 million
+0.01%
34 Resolv RESOLV $ 0.0200
$ 9.17M
$ 9.17 million
+15.64%
35 USD Base Coin USDBC $ 1.00
$ 5.73M
$ 5.73 million
+0.18%
36 Quantoz USDQ USDQ $ 0.988
$ 5.67M
$ 5.67 million
+0.01%
37 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.52M
$ 5.52 million
+0.01%
38 Quantoz EURQ EURQ $ 1.13
$ 5.22M
$ 5.22 million
+0.02%
39 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.37M
$ 2.37 million
+0.02%

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

40 Usual USD USD0 $ 0.999
$ 555.13M
$ 555.13 million
-0.12%
41 USD0 Liquid Bond bUSD0 $ 0.963
$ 490.30M
$ 490.30 million
-0.21%
42 Ethena Labs (USDTb) USDTb $ 1.00
$ 353.31M
$ 353.31 million
+0.00%
43 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 159.10M
$ 159.10 million
-0.26%
44 STASIS EURO EURS $ 1.19
$ 148.31M
$ 148.31 million
-0.05%
45 Lista USD lisUSD $ 0.998
$ 67.16M
$ 67.16 million
-0.01%
46 USDsui USDsui $ 1.00
$ 66.91M
$ 66.91 million
+0.09%
47 f(x) USD fxUSD $ 0.991
$ 63.36M
$ 63.36 million
-0.34%
48 Mezo USD MUSD $ 1.01
$ 50.41M
$ 50.41 million
-0.35%
49 Fidelity Digital Dollar FIDD $ 0.999
$ 48.72M
$ 48.72 million
-0.27%
50 Resupply USD reUSD $ 0.990
$ 33.19M
$ 33.19 million
-0.40%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0200
$ 9.17M
$ 9.17 million
+15.64%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.27B
$ 9.27 billion
+1.97%
TerraClassicUSD USTC $ 0.00498
$ 27.75M
$ 27.75 million
+0.60%
USD Base Coin USDBC $ 1.00
$ 5.73M
$ 5.73 million
+0.18%
Global Dollar USDG $ 1.00
$ 3.46B
$ 3.46 billion
+0.05%
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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