Stablecoins

278 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
$ 186.60B
$ 186.60 billion
+0.02%
2 USDC USDC $ 1.00
$ 74.86B
$ 74.86 billion
-0.06%
3 USDS USDS $ 1.00
$ 10.57B
$ 10.57 billion
-0.02%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.09%
5 Dai DAI $ 0.999
$ 5.14B
$ 5.14 billion
-0.12%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.56B
$ 4.56 billion
+0.05%
7 Ethena USDe USDE $ 1.00
$ 4.46B
$ 4.46 billion
+0.01%
8 PayPal USD PYUSD $ 1.00
$ 2.78B
$ 2.78 billion
-0.07%
9 Global Dollar USDG $ 1.00
$ 2.65B
$ 2.65 billion
-0.04%
10 PAX Gold PAXG $ 4,211.63
$ 1.92B
$ 1.92 billion
+0.60%
11 Ripple USD RLUSD $ 1.00
$ 1.85B
$ 1.85 billion
+0.21%
12 USDD USDD $ 1.00
$ 1.36B
$ 1.36 billion
-0.05%
13 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
+0.00%
14 Gho Token GHO $ 0.999
$ 598.60M
$ 598.60 million
-0.03%
15 Usual USD USD0 $ 0.999
$ 559.41M
$ 559.41 million
-0.18%
16 TrueUSD TUSD $ 0.999
$ 494.14M
$ 494.14 million
-0.07%
17 EURC EURC $ 1.16
$ 437.58M
$ 437.58 million
+0.00%
18 First Digital USD FDUSD $ 0.998
$ 337.02M
$ 337.02 million
+0.01%
19 Legacy Frax Dollar FRAX $ 0.996
$ 274.75M
$ 274.75 million
+0.13%
20 Agora AUSD $ 1.00
$ 136.54M
$ 136.54 million
+0.11%
21 Binance USD BUSD $ 1.00
$ 55.92M
$ 55.92 million
+0.07%
22 Quantoz USDQ USDQ $ 0.994
$ 49.50M
$ 49.50 million
+0.04%
23 XUSD XUSD $ 1.00
$ 47.98M
$ 47.98 million
-0.05%
24 EURITE EURI $ 1.16
$ 47.79M
$ 47.79 million
-0.15%
25 Pax Dollar USDP $ 1.00
$ 45.56M
$ 45.56 million
-0.03%
26 Gemini dollar GUSD $ 1.00
$ 37.71M
$ 37.71 million
-0.08%
27 TerraClassicUSD USTC $ 0.00598
$ 33.37M
$ 33.37 million
+2.07%
28 Tether America USD USAT $ 1.000
$ 20.00M
$ 20.00 million
+0.00%
29 XSGD XSGD $ 0.779
$ 15.13M
$ 15.13 million
+0.17%
30 Worldwide USD WUSD $ 0.996
$ 11.30M
$ 11.30 million
-0.04%
31 Resolv RESOLV $ 0.0169
$ 6.94M
$ 6.94 million
-1.00%
32 USD Base Coin USDBC $ 1.00
$ 6.42M
$ 6.42 million
+0.15%
33 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.09M
$ 5.09 million
+0.31%
34 Reservoir DAM $ 0.0111
$ 4.39M
$ 4.39 million
+20.39%

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

35 Curve.Fi USD Stablecoin CRVUSD $ 7.85
$ 1.43B
$ 1.43 billion
+18.75%
36 Resupply USD reUSD $ 8.59
$ 432.15M
$ 432.15 million
+24.68%
37 sUSD Synthetix SUSD $ 3.27
$ 173.27M
$ 173.27 million
-33.30%
38 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 166.25M
$ 166.25 million
+2.82%
39 USDsui USDsui $ 1.00
$ 75.14M
$ 75.14 million
-0.00%
40 Fidelity Digital Dollar FIDD $ 1.000
$ 59.58M
$ 59.58 million
-0.04%
41 TerraUSD UST $ 0.00602
$ 59.01M
$ 59.01 million
+3.25%
42 Anchored Coins EUR AEUR $ 1.15
$ 54.48M
$ 54.48 million
+0.28%
43 Mezo USD MUSD $ 0.999
$ 49.96M
$ 49.96 million
+0.14%
44 Origin Dollar OUSD $ 7.48
$ 47.57M
$ 47.57 million
+14.57%
45 Liquity USD LUSD $ 1.01
$ 35.66M
$ 35.66 million
+1.94%
46 BOLD Stablecoin BOLD $ 1.00
$ 31.11M
$ 31.11 million
-0.06%
47 Decentralized Social DESO $ 3.02
$ 26.84M
$ 26.84 million
-2.84%
48 Bucket Protocol BUCK Stablecoin BUCK $ 0.997
$ 25.90M
$ 25.90 million
-0.05%
49 Celo Dollar CUSD $ 1.06
$ 16.55M
$ 16.55 million
+5.85%
50 StablR Euro EURR $ 1.03
$ 11.52M
$ 11.52 million
+0.00%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Reservoir DAM $ 0.0111
$ 4.39M
$ 4.39 million
+20.39%
TerraClassicUSD USTC $ 0.00598
$ 33.37M
$ 33.37 million
+2.07%
PAX Gold PAXG $ 4,211.63
$ 1.92B
$ 1.92 billion
+0.60%
Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.09M
$ 5.09 million
+0.31%
Ripple USD RLUSD $ 1.00
$ 1.85B
$ 1.85 billion
+0.21%
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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