Stablecoins

285 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 $ 1.000
$ 186.44B
$ 186.44 billion
+0.00%
2 USDC USDC $ 1.00
$ 74.88B
$ 74.88 billion
+0.04%
3 USDS USDS $ 1.000
$ 10.33B
$ 10.33 billion
-0.09%
4 Binance-Peg BSC-USD BSC-USD $ 0.997
$ 8.95B
$ 8.95 billion
-0.39%
5 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.09%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.60B
$ 4.60 billion
+0.26%
7 Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
-0.00%
8 Global Dollar USDG $ 1.00
$ 2.81B
$ 2.81 billion
-0.00%
9 PayPal USD PYUSD $ 1.00
$ 2.78B
$ 2.78 billion
-0.01%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.15B
$ 2.15 billion
+0.16%
11 Falcon USD USDF $ 1.000
$ 2.06B
$ 2.06 billion
+0.15%
12 Ripple USD RLUSD $ 0.999
$ 1.86B
$ 1.86 billion
+0.11%
13 PAX Gold PAXG $ 3,979.12
$ 1.81B
$ 1.81 billion
-2.38%
14 USDD USDD $ 0.999
$ 1.37B
$ 1.37 billion
-0.07%
15 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
+0.03%
16 Gho Token GHO $ 0.999
$ 598.55M
$ 598.55 million
-0.01%
17 TrueUSD TUSD $ 0.999
$ 494.07M
$ 494.07 million
+0.07%
18 EURC EURC $ 1.14
$ 427.37M
$ 427.37 million
-0.00%
19 First Digital USD FDUSD $ 0.998
$ 351.88M
$ 351.88 million
-0.05%
20 Legacy Frax Dollar FRAX $ 0.992
$ 239.95M
$ 239.95 million
+0.15%
21 Agora AUSD $ 0.994
$ 137.41M
$ 137.41 million
+0.02%
22 Quantoz USDQ USDQ $ 0.993
$ 49.48M
$ 49.48 million
+0.01%
23 Binance USD BUSD $ 0.862
$ 48.15M
$ 48.15 million
-13.88%
24 XUSD XUSD $ 1.00
$ 48.01M
$ 48.01 million
+0.02%
25 EURITE EURI $ 1.14
$ 46.96M
$ 46.96 million
+0.11%
26 Pax Dollar USDP $ 1.00
$ 45.59M
$ 45.59 million
-0.00%
27 Gemini dollar GUSD $ 1.00
$ 37.76M
$ 37.76 million
+0.08%
28 Liquity USD LUSD $ 1.01
$ 35.63M
$ 35.63 million
-4.29%
29 BOLD Stablecoin BOLD $ 1.000
$ 31.65M
$ 31.65 million
+0.10%
30 TerraClassicUSD USTC $ 0.00539
$ 30.07M
$ 30.07 million
-1.65%
31 Tether America USD USAT $ 1.000
$ 19.99M
$ 19.99 million
-0.02%
32 Quantoz EURQ EURQ $ 1.12
$ 15.38M
$ 15.38 million
-0.57%
33 XSGD XSGD $ 0.771
$ 15.21M
$ 15.21 million
-0.14%
34 Worldwide USD WUSD $ 0.996
$ 11.30M
$ 11.30 million
-0.01%
35 Resolv RESOLV $ 0.0234
$ 9.39M
$ 9.39 million
+11.21%
36 USD Base Coin USDBC $ 0.999
$ 6.29M
$ 6.29 million
-0.34%
37 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.09M
$ 5.09 million
-0.34%
38 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.36M
$ 2.36 million
+0.04%

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

39 Curve.Fi USD Stablecoin CRVUSD $ 16.91
$ 3.52B
$ 3.52 billion
+1.69%
40 Ethena Labs (USDTb) USDTb $ 1.000
$ 916.46M
$ 916.46 million
-0.06%
41 Usual USD USD0 $ 0.999
$ 559.77M
$ 559.77 million
+0.00%
42 Resupply USD reUSD $ 10.12
$ 509.27M
$ 509.27 million
-1.40%
43 sUSD Synthetix SUSD $ 4.51
$ 255.30M
$ 255.30 million
-2.07%
44 Curve.fi DAI/USDC/USDT 3CRV $ 1.05
$ 169.33M
$ 169.33 million
-2.85%
45 USDsui USDsui $ 0.999
$ 75.09M
$ 75.09 million
+0.36%
46 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.88M
$ 63.88 million
-0.12%
47 Fidelity Digital Dollar FIDD $ 1.01
$ 60.25M
$ 60.25 million
+1.10%
48 Anchored Coins EUR AEUR $ 1.15
$ 54.34M
$ 54.34 million
+0.56%
49 TerraUSD UST $ 0.00543
$ 53.20M
$ 53.20 million
-0.95%
50 Mezo USD MUSD $ 0.976
$ 48.80M
$ 48.80 million
+11.29%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0234
$ 9.39M
$ 9.39 million
+11.21%
World Liberty Financial USD USD1 $ 1.00
$ 4.60B
$ 4.60 billion
+0.26%
Ondo US Dollar Yield USDY $ 1.14
$ 2.15B
$ 2.15 billion
+0.16%
Falcon USD USDF $ 1.000
$ 2.06B
$ 2.06 billion
+0.15%
Legacy Frax Dollar FRAX $ 0.992
$ 239.95M
$ 239.95 million
+0.15%
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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