Stablecoins

273 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 $ 1.00
$ 188.09B
$ 188.09 billion
+0.35%
2 USDC USDC $ 1.00
$ 76.02B
$ 76.02 billion
+0.02%
3 USDS USDS $ 1.00
$ 10.96B
$ 10.96 billion
+0.08%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.06%
5 Dai DAI $ 1.00
$ 5.14B
$ 5.14 billion
-0.22%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.56B
$ 4.56 billion
+0.41%
7 Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
-0.00%
8 PayPal USD PYUSD $ 1.00
$ 3.02B
$ 3.02 billion
-0.02%
9 Global Dollar USDG $ 1.00
$ 2.61B
$ 2.61 billion
+0.05%
10 PAX Gold PAXG $ 4,441.16
$ 2.05B
$ 2.05 billion
-1.04%
11 Ripple USD RLUSD $ 0.998
$ 1.82B
$ 1.82 billion
-0.43%
12 USDD USDD $ 1.000
$ 1.44B
$ 1.44 billion
-0.09%
13 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
-0.05%
14 TrueUSD TUSD $ 1.00
$ 495.65M
$ 495.65 million
+0.28%
15 EURC EURC $ 1.16
$ 428.56M
$ 428.56 million
-0.15%
16 First Digital USD FDUSD $ 0.998
$ 353.90M
$ 353.90 million
-0.09%
17 Legacy Frax Dollar FRAX $ 0.995
$ 274.33M
$ 274.33 million
+0.21%
18 Agora AUSD $ 0.998
$ 130.12M
$ 130.12 million
-0.11%
19 Binance USD BUSD $ 1.00
$ 55.93M
$ 55.93 million
+0.03%
20 Quantoz USDQ USDQ $ 0.999
$ 49.73M
$ 49.73 million
+0.50%
21 EURITE EURI $ 1.17
$ 48.19M
$ 48.19 million
+0.24%
22 XUSD XUSD $ 1.00
$ 47.99M
$ 47.99 million
+0.00%
23 Pax Dollar USDP $ 1.000
$ 45.56M
$ 45.56 million
-0.04%
24 Gemini dollar GUSD $ 1.00
$ 37.70M
$ 37.70 million
+0.10%
25 TerraClassicUSD USTC $ 0.00611
$ 34.02M
$ 34.02 million
-3.24%
26 BOLD Stablecoin BOLD $ 1.000
$ 33.28M
$ 33.28 million
-0.05%
27 Tether America USD USAT $ 1.000
$ 19.99M
$ 19.99 million
+0.00%
28 XSGD XSGD $ 0.779
$ 14.86M
$ 14.86 million
-0.29%
29 Resolv RESOLV $ 0.0223
$ 8.85M
$ 8.85 million
+1.07%
30 Worldwide USD WUSD $ 0.998
$ 7.45M
$ 7.45 million
+0.03%
31 USD Base Coin USDBC $ 1.00
$ 7.21M
$ 7.21 million
+0.06%
32 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.08M
$ 5.08 million
+0.09%
33 Reservoir DAM $ 0.00968
$ 3.82M
$ 3.82 million
-6.10%

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

34 Curve.Fi USD Stablecoin CRVUSD $ 2.68
$ 621.77M
$ 621.77 million
+1.43%
35 Usual USD USD0 $ 0.999
$ 560.12M
$ 560.12 million
+0.52%
36 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 166.40M
$ 166.40 million
-26.55%
37 Resupply USD reUSD $ 2.75
$ 138.22M
$ 138.22 million
+2.30%
38 sUSD Synthetix SUSD $ 1.73
$ 91.74M
$ 91.74 million
-2.29%
39 USDsui USDsui $ 0.999
$ 75.03M
$ 75.03 million
-0.27%
40 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.87M
$ 63.87 million
+0.12%
41 TerraUSD UST $ 0.00614
$ 60.25M
$ 60.25 million
-2.83%
42 Fidelity Digital Dollar FIDD $ 1.00
$ 59.66M
$ 59.66 million
+0.13%
43 Anchored Coins EUR AEUR $ 1.15
$ 54.46M
$ 54.46 million
+0.06%
44 Mezo USD MUSD $ 1.00
$ 50.24M
$ 50.24 million
-63.46%
45 Liquity USD LUSD $ 1.00
$ 35.43M
$ 35.43 million
-24.06%
46 Decentralized Social DESO $ 3.52
$ 31.24M
$ 31.24 million
-5.70%
47 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 26.00M
$ 26.00 million
+0.16%
48 StablR USD USDR $ 0.841
$ 17.96M
$ 17.96 million
+0.25%
49 Origin Dollar OUSD $ 2.76
$ 16.28M
$ 16.28 million
+1.06%
50 Celo Dollar CUSD $ 1.00
$ 16.02M
$ 16.02 million
+3.06%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Resolv RESOLV $ 0.0223
$ 8.85M
$ 8.85 million
+1.07%
Quantoz USDQ USDQ $ 0.999
$ 49.73M
$ 49.73 million
+0.50%
World Liberty Financial USD USD1 $ 1.00
$ 4.56B
$ 4.56 billion
+0.41%
Tether USD USDT $ 1.00
$ 188.09B
$ 188.09 billion
+0.35%
TrueUSD TUSD $ 1.00
$ 495.65M
$ 495.65 million
+0.28%
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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