Stablecoins

312 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
$ 183.75B
$ 183.75 billion
+0.00%
2 USDC USDC $ 1.00
$ 71.97B
$ 71.97 billion
+0.01%
3 USDS USDS $ 1.00
$ 9.71B
$ 9.71 billion
+0.05%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.27B
$ 9.27 billion
+1.37%
5 Dai DAI $ 1.000
$ 5.24B
$ 5.24 billion
-0.09%
6 World Liberty Financial USD USD1 $ 1.000
$ 3.98B
$ 3.98 billion
+0.01%
7 Ethena Staked USDe sUSDe $ 1.26
$ 3.94B
$ 3.94 billion
+1.35%
8 Ethena USDe USDE $ 1.00
$ 3.87B
$ 3.87 billion
-0.01%
9 Global Dollar USDG $ 1.00
$ 3.39B
$ 3.39 billion
+0.08%
10 PayPal USD PYUSD $ 1.00
$ 2.71B
$ 2.71 billion
+0.04%
11 Ondo US Dollar Yield USDY $ 1.14
$ 2.15B
$ 2.15 billion
+0.02%
12 Ripple USD RLUSD $ 1.00
$ 1.97B
$ 1.97 billion
+0.03%
13 PAX Gold PAXG $ 4,047.32
$ 1.79B
$ 1.79 billion
-1.48%
14 USDD USDD $ 1.00
$ 1.56B
$ 1.56 billion
-0.00%
15 Falcon USD USDF $ 0.998
$ 1.26B
$ 1.26 billion
+0.32%
16 United Stables U $ 1.00
$ 1.10B
$ 1.10 billion
-0.01%
17 Gho Token GHO $ 0.999
$ 648.24M
$ 648.24 million
+0.04%
18 TrueUSD TUSD $ 0.996
$ 492.62M
$ 492.62 million
+0.08%
19 EURC EURC $ 1.15
$ 447.06M
$ 447.06 million
+0.03%
20 First Digital USD FDUSD $ 1.00
$ 346.36M
$ 346.36 million
-0.01%
21 Agora AUSD $ 1.00
$ 241.92M
$ 241.92 million
+0.05%
22 Legacy Frax Dollar FRAX $ 0.992
$ 220.07M
$ 220.07 million
-0.14%
23 Curve.Fi USD Stablecoin CRVUSD $ 0.985
$ 209.43M
$ 209.43 million
-0.90%
24 Tether America USD USAT $ 1.000
$ 185.44M
$ 185.44 million
+0.01%
25 XUSD XUSD $ 1.00
$ 45.19M
$ 45.19 million
+0.03%
26 Binance USD BUSD $ 1.00
$ 37.82M
$ 37.82 million
-0.16%
27 EURITE EURI $ 1.15
$ 36.88M
$ 36.88 million
+0.06%
28 Pax Dollar USDP $ 1.00
$ 29.68M
$ 29.68 million
+0.03%
29 Gemini dollar GUSD $ 1.00
$ 29.64M
$ 29.64 million
+0.02%
30 Liquity USD LUSD $ 1.01
$ 28.01M
$ 28.01 million
+1.19%
31 TerraClassicUSD USTC $ 0.00490
$ 27.33M
$ 27.33 million
-1.21%
32 XSGD XSGD $ 0.778
$ 12.29M
$ 12.29 million
-0.51%
33 FUSD FUSD $ 1.000
$ 11.40M
$ 11.40 million
+0.01%
34 Resolv RESOLV $ 0.0160
$ 7.28M
$ 7.28 million
+2.48%
35 USD Base Coin USDBC $ 1.03
$ 5.77M
$ 5.77 million
+2.75%
36 Quantoz USDQ USDQ $ 0.989
$ 5.67M
$ 5.67 million
+0.01%
37 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.52M
$ 5.52 million
+0.06%
38 Quantoz EURQ EURQ $ 1.13
$ 5.22M
$ 5.22 million
-0.09%
39 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.35M
$ 2.35 million
+0.03%

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

40 Usual USD USD0 $ 0.999
$ 555.68M
$ 555.68 million
+0.14%
41 Ethena Labs (USDTb) USDTb $ 1.00
$ 352.86M
$ 352.86 million
-0.01%
42 Curve.fi DAI/USDC/USDT 3CRV $ 1.05
$ 162.11M
$ 162.11 million
+1.73%
43 Alchemix USD ALUSD $ 0.961
$ 161.92M
$ 161.92 million
-0.06%
44 STASIS EURO EURS $ 1.22
$ 151.33M
$ 151.33 million
+0.40%
45 Lista USD lisUSD $ 0.998
$ 67.18M
$ 67.18 million
-0.10%
46 USDsui USDsui $ 1.000
$ 66.86M
$ 66.86 million
+0.08%
47 f(x) USD fxUSD $ 1.01
$ 64.57M
$ 64.57 million
+0.15%
48 Fidelity Digital Dollar FIDD $ 1.01
$ 49.77M
$ 49.77 million
+0.57%
49 Mezo USD MUSD $ 0.980
$ 48.98M
$ 48.98 million
-0.00%
50 Resupply USD reUSD $ 1.01
$ 32.11M
$ 32.11 million
+0.21%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
USD Base Coin USDBC $ 1.03
$ 5.77M
$ 5.77 million
+2.75%
Resolv RESOLV $ 0.0160
$ 7.28M
$ 7.28 million
+2.48%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.27B
$ 9.27 billion
+1.37%
Ethena Staked USDe sUSDe $ 1.26
$ 3.94B
$ 3.94 billion
+1.35%
Liquity USD LUSD $ 1.01
$ 28.01M
$ 28.01 million
+1.19%
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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