Stablecoins

274 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 Live Price Market cap 24h
1 Tether USD USDT $ 1.000
$ 186.84B
$ 186.84 billion
-0.10%
2 USDC USDC $ 0.999
$ 75.37B
$ 75.37 billion
-0.18%
3 USDS USDS $ 1.00
$ 10.81B
$ 10.81 billion
+0.06%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.14%
5 Dai DAI $ 1.00
$ 5.14B
$ 5.14 billion
+0.12%
6 World Liberty Financial USD USD1 $ 0.998
$ 4.54B
$ 4.54 billion
-0.53%
7 Ethena USDe USDE $ 1.00
$ 4.45B
$ 4.45 billion
+0.05%
8 PayPal USD PYUSD $ 1.00
$ 2.87B
$ 2.87 billion
+0.03%
9 Global Dollar USDG $ 1.00
$ 2.55B
$ 2.55 billion
-0.04%
10 PAX Gold PAXG $ 4,301.96
$ 1.98B
$ 1.98 billion
-0.54%
11 Ripple USD RLUSD $ 1.00
$ 1.84B
$ 1.84 billion
+0.06%
12 USDD USDD $ 1.00
$ 1.44B
$ 1.44 billion
+0.02%
13 United Stables U $ 0.999
$ 1.06B
$ 1.06 billion
-0.23%
14 TrueUSD TUSD $ 0.997
$ 493.78M
$ 493.78 million
-0.04%
15 EURC EURC $ 1.15
$ 428.48M
$ 428.48 million
-0.08%
16 First Digital USD FDUSD $ 0.997
$ 338.49M
$ 338.49 million
-0.17%
17 Legacy Frax Dollar FRAX $ 0.994
$ 274.18M
$ 274.18 million
-0.04%
18 Agora AUSD $ 1.00
$ 141.16M
$ 141.16 million
-0.03%
19 Binance USD BUSD $ 1.00
$ 55.86M
$ 55.86 million
+0.01%
20 Quantoz USDQ USDQ $ 0.995
$ 49.55M
$ 49.55 million
+0.12%
21 XUSD XUSD $ 1.00
$ 47.98M
$ 47.98 million
+0.05%
22 EURITE EURI $ 1.14
$ 47.41M
$ 47.41 million
-0.33%
23 Pax Dollar USDP $ 1.000
$ 45.54M
$ 45.54 million
-0.03%
24 Gemini dollar GUSD $ 0.997
$ 37.59M
$ 37.59 million
-0.22%
25 Liquity USD LUSD $ 1.00
$ 35.58M
$ 35.58 million
-0.19%
26 TerraClassicUSD USTC $ 0.00598
$ 33.36M
$ 33.36 million
+6.42%
27 BOLD Stablecoin BOLD $ 1.00
$ 31.04M
$ 31.04 million
+0.04%
28 Tether America USD USAT $ 1.000
$ 20.00M
$ 20.00 million
+0.01%
29 XSGD XSGD $ 0.773
$ 14.74M
$ 14.74 million
-0.19%
30 Worldwide USD WUSD $ 0.999
$ 11.34M
$ 11.34 million
-0.02%
31 Resolv RESOLV $ 0.0180
$ 7.01M
$ 7.01 million
+4.27%
32 USD Base Coin USDBC $ 1.000
$ 6.72M
$ 6.72 million
-0.02%
33 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.07M
$ 5.07 million
-0.18%
34 Reservoir DAM $ 0.00991
$ 3.91M
$ 3.91 million
-0.64%

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

35 Usual USD USD0 $ 0.999
$ 558.97M
$ 558.97 million
+0.00%
36 Curve.Fi USD Stablecoin CRVUSD $ 2.73
$ 505.67M
$ 505.67 million
-1.42%
37 Curve.fi DAI/USDC/USDT 3CRV $ 1.03
$ 165.93M
$ 165.93 million
-0.96%
38 Resupply USD reUSD $ 2.76
$ 138.97M
$ 138.97 million
+0.04%
39 sUSD Synthetix SUSD $ 1.51
$ 80.07M
$ 80.07 million
-5.69%
40 USDsui USDsui $ 0.999
$ 75.10M
$ 75.10 million
-0.03%
41 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.89M
$ 63.89 million
+0.00%
42 Fidelity Digital Dollar FIDD $ 1.00
$ 59.60M
$ 59.60 million
+0.09%
43 TerraUSD UST $ 0.00586
$ 57.44M
$ 57.44 million
+2.55%
44 Anchored Coins EUR AEUR $ 1.15
$ 54.49M
$ 54.49 million
+0.10%
45 Mezo USD MUSD $ 1.01
$ 50.26M
$ 50.26 million
+0.12%
46 Decentralized Social DESO $ 3.36
$ 29.84M
$ 29.84 million
-4.24%
47 Bucket Protocol BUCK Stablecoin BUCK $ 0.997
$ 25.89M
$ 25.89 million
-0.29%
48 StablR USD USDR $ 0.804
$ 17.13M
$ 17.13 million
-2.26%
49 Celo Dollar CUSD $ 1.02
$ 16.41M
$ 16.41 million
+0.20%
50 Origin Dollar OUSD $ 2.76
$ 16.27M
$ 16.27 million
-1.97%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
TerraClassicUSD USTC $ 0.00598
$ 33.36M
$ 33.36 million
+6.42%
Resolv RESOLV $ 0.0180
$ 7.01M
$ 7.01 million
+4.27%
Dai DAI $ 1.00
$ 5.14B
$ 5.14 billion
+0.12%
Quantoz USDQ USDQ $ 0.995
$ 49.55M
$ 49.55 million
+0.12%
Ripple USD RLUSD $ 1.00
$ 1.84B
$ 1.84 billion
+0.06%
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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