Stablecoins

287 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 $ 0.999
$ 184.52B
$ 184.52 billion
-0.02%
2 USDC USDC $ 1.00
$ 73.41B
$ 73.41 billion
-0.01%
3 USDS USDS $ 1.00
$ 10.03B
$ 10.03 billion
-0.04%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.99B
$ 8.99 billion
+0.02%
5 Dai DAI $ 1.00
$ 5.14B
$ 5.14 billion
-0.13%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.58B
$ 4.58 billion
+0.05%
7 Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
+0.90%
8 Global Dollar USDG $ 1.00
$ 2.99B
$ 2.99 billion
+0.04%
9 PayPal USD PYUSD $ 1.00
$ 2.74B
$ 2.74 billion
-0.04%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
-0.04%
11 Falcon USD USDF $ 0.992
$ 2.04B
$ 2.04 billion
-0.00%
12 PAX Gold PAXG $ 3,977.58
$ 1.80B
$ 1.80 billion
-1.04%
13 Ripple USD RLUSD $ 1.00
$ 1.76B
$ 1.76 billion
+0.12%
14 USDD USDD $ 1.000
$ 1.38B
$ 1.38 billion
-0.00%
15 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
+0.03%
16 Gho Token GHO $ 0.999
$ 598.34M
$ 598.34 million
+0.02%
17 TrueUSD TUSD $ 0.998
$ 493.52M
$ 493.52 million
+0.02%
18 EURC EURC $ 1.14
$ 432.56M
$ 432.56 million
+0.03%
19 First Digital USD FDUSD $ 0.998
$ 349.35M
$ 349.35 million
+0.04%
20 Legacy Frax Dollar FRAX $ 0.991
$ 237.42M
$ 237.42 million
+0.57%
21 Agora AUSD $ 1.00
$ 177.34M
$ 177.34 million
+1.71%
22 Binance USD BUSD $ 1.00
$ 55.90M
$ 55.90 million
+0.07%
23 Quantoz USDQ USDQ $ 0.983
$ 48.97M
$ 48.97 million
+0.28%
24 XUSD XUSD $ 1.00
$ 48.01M
$ 48.01 million
+0.01%
25 EURITE EURI $ 1.14
$ 47.07M
$ 47.07 million
+0.05%
26 Pax Dollar USDP $ 1.00
$ 45.58M
$ 45.58 million
+0.00%
27 Gemini dollar GUSD $ 1.00
$ 36.72M
$ 36.72 million
-0.04%
28 TerraClassicUSD USTC $ 0.00547
$ 30.51M
$ 30.51 million
+0.35%
29 BOLD Stablecoin BOLD $ 1.00
$ 30.49M
$ 30.49 million
+0.00%
30 Tether America USD USAT $ 1.000
$ 19.99M
$ 19.99 million
+0.01%
31 Quantoz EURQ EURQ $ 1.13
$ 15.40M
$ 15.40 million
+0.19%
32 XSGD XSGD $ 0.771
$ 11.92M
$ 11.92 million
+0.03%
33 Worldwide USD WUSD $ 0.995
$ 11.30M
$ 11.30 million
+0.03%
34 Resolv RESOLV $ 0.0204
$ 8.68M
$ 8.68 million
+10.36%
35 USD Base Coin USDBC $ 1.000
$ 6.32M
$ 6.32 million
-0.61%
36 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.09M
$ 5.09 million
-0.01%
37 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.36M
$ 2.36 million
-0.00%

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

38 Curve.fi DAI/USDC/USDT 3CRV $ 19.33
$ 3.10B
$ 3.10 billion
+20.23%
39 Curve.Fi USD Stablecoin CRVUSD $ 16.30
$ 2.89B
$ 2.89 billion
+3.06%
40 Mezo USD MUSD $ 18.86
$ 943.02M
$ 943.02 million
+11.00%
41 Ethena Labs (USDTb) USDTb $ 1.00
$ 916.97M
$ 916.97 million
+0.02%
42 Liquity USD LUSD $ 18.30
$ 647.74M
$ 647.74 million
+23.15%
43 Usual USD USD0 $ 0.999
$ 556.77M
$ 556.77 million
-0.00%
44 Resupply USD reUSD $ 9.56
$ 481.28M
$ 481.28 million
-0.08%
45 Origin Dollar OUSD $ 18.12
$ 134.09M
$ 134.09 million
+8.73%
46 USDsui USDsui $ 1.00
$ 66.87M
$ 66.87 million
+0.12%
47 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.93M
$ 63.93 million
+0.01%
48 Fidelity Digital Dollar FIDD $ 1.00
$ 59.62M
$ 59.62 million
+0.04%
49 Anchored Coins EUR AEUR $ 1.13
$ 53.37M
$ 53.37 million
+0.46%
50 TerraUSD UST $ 0.00544
$ 53.30M
$ 53.30 million
+0.87%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0204
$ 8.68M
$ 8.68 million
+10.36%
Agora AUSD $ 1.00
$ 177.34M
$ 177.34 million
+1.71%
Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
+0.90%
Legacy Frax Dollar FRAX $ 0.991
$ 237.42M
$ 237.42 million
+0.57%
TerraClassicUSD USTC $ 0.00547
$ 30.51M
$ 30.51 million
+0.35%
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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