Stablecoins

253 coins #11

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 $ 0.999
$ 184.11B
$ 184.11 billion
-0.08%
2 USDC USDC $ 1.00
$ 77.20B
$ 77.20 billion
-0.04%
3 USDS USDS $ 1.00
$ 11.91B
$ 11.91 billion
+0.54%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.17%
5 Ethena USDe USDE $ 0.999
$ 6.15B
$ 6.15 billion
+0.04%
6 Dai DAI $ 0.999
$ 5.14B
$ 5.14 billion
-0.14%
7 World Liberty Financial USD USD1 $ 1.000
$ 4.45B
$ 4.45 billion
-0.06%
8 PayPal USD PYUSD $ 1.00
$ 3.87B
$ 3.87 billion
+0.03%
9 PAX Gold PAXG $ 4,753.27
$ 2.44B
$ 2.44 billion
+1.81%
10 Global Dollar USDG $ 1.000
$ 1.84B
$ 1.84 billion
-0.04%
11 USDD USDD $ 0.999
$ 1.41B
$ 1.41 billion
-0.05%
12 Ripple USD RLUSD $ 0.999
$ 1.31B
$ 1.31 billion
-0.28%
13 United Stables U $ 1.00
$ 994.94M
$ 994.94 million
-0.06%
14 TrueUSD TUSD $ 0.998
$ 493.36M
$ 493.36 million
+0.01%
15 EURC EURC $ 1.16
$ 423.96M
$ 423.96 million
+0.25%
16 First Digital USD FDUSD $ 0.999
$ 398.44M
$ 398.44 million
-0.00%
17 Legacy Frax Dollar FRAX $ 0.997
$ 275.07M
$ 275.07 million
+0.10%
18 Agora AUSD $ 1.00
$ 159.23M
$ 159.23 million
+0.21%
19 Binance USD BUSD $ 0.999
$ 55.79M
$ 55.79 million
-0.03%
20 EURITE EURI $ 1.16
$ 47.99M
$ 47.99 million
+0.26%
21 XUSD XUSD $ 1.000
$ 47.94M
$ 47.94 million
-0.10%
22 Pax Dollar USDP $ 0.999
$ 45.53M
$ 45.53 million
-0.07%
23 sUSD Synthetix SUSD $ 0.762
$ 40.35M
$ 40.35 million
+0.83%
24 Gemini dollar GUSD $ 0.999
$ 35.66M
$ 35.66 million
-0.18%
25 TerraClassicUSD USTC $ 0.00448
$ 25.00M
$ 25.00 million
+0.23%
26 Tether America USD USAT $ 1.00
$ 20.02M
$ 20.02 million
-0.04%
27 XSGD XSGD $ 0.780
$ 17.05M
$ 17.05 million
+0.31%
28 Reservoir DAM $ 0.0434
$ 14.78M
$ 14.78 million
+10.48%
29 Resolv RESOLV $ 0.0391
$ 14.67M
$ 14.67 million
-3.89%
30 StablR Euro EURR $ 1.15
$ 12.95M
$ 12.95 million
+0.30%
31 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
+0.03%
32 USD Base Coin USDBC $ 1.000
$ 7.11M
$ 7.11 million
-0.06%
33 StablR USD USDR $ 0.999
$ 6.01M
$ 6.01 million
-0.00%
34 Quantoz USDQ USDQ $ 1.000
$ 6.01M
$ 6.01 million
-0.08%

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

35 Curve.Fi USD Stablecoin CRVUSD $ 2.95
$ 775.28M
$ 775.28 million
-1.62%
36 Usual USD USD0 $ 0.998
$ 569.03M
$ 569.03 million
-0.05%
37 Curve.fi DAI/USDC/USDT 3CRV $ 3.12
$ 500.55M
$ 500.55 million
-1.12%
38 Resupply USD reUSD $ 2.44
$ 122.88M
$ 122.88 million
+5.23%
39 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.47M
$ 63.47 million
+0.01%
40 Anchored Coins EUR AEUR $ 1.15
$ 54.43M
$ 54.43 million
+0.06%
41 Decentralized Social DESO $ 5.37
$ 47.71M
$ 47.71 million
+0.43%
42 TerraUSD UST $ 0.00451
$ 44.24M
$ 44.24 million
+1.65%
43 Liquity USD LUSD $ 1.00
$ 35.49M
$ 35.49 million
-0.11%
44 BOLD Stablecoin BOLD $ 1.00
$ 30.19M
$ 30.19 million
+0.01%
45 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.94M
$ 25.94 million
+0.14%
46 Celo Dollar CUSD $ 1.00
$ 14.67M
$ 14.67 million
+0.11%
47 Origin Dollar OUSD $ 0.999
$ 7.55M
$ 7.55 million
-0.04%
48 Fei Protocol FEI $ 0.935
$ 3.19M
$ 3.19 million
-6.45%
49 Vai VAI $ 0.999
$ 2.55M
$ 2.55 million
+0.08%
50 Reflexer Ungovernance Token FLX $ 2.11
$ 1.74M
$ 1.74 million
+4.99%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Reservoir DAM $ 0.0434
$ 14.78M
$ 14.78 million
+10.48%
PAX Gold PAXG $ 4,753.27
$ 2.44B
$ 2.44 billion
+1.81%
sUSD Synthetix SUSD $ 0.762
$ 40.35M
$ 40.35 million
+0.83%
USDS USDS $ 1.00
$ 11.91B
$ 11.91 billion
+0.54%
XSGD XSGD $ 0.780
$ 17.05M
$ 17.05 million
+0.31%
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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