Stablecoins

258 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 Price Market cap 24h
1 Tether USD USDT $ 1.00
$ 187.23B
$ 187.23 billion
+0.09%
2 USDC USDC $ 1.000
$ 78.37B
$ 78.37 billion
-0.02%
3 USDS USDS $ 1.00
$ 11.38B
$ 11.38 billion
+0.14%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.03%
5 Ethena USDe USDE $ 1.000
$ 6.15B
$ 6.15 billion
-0.03%
6 Dai DAI $ 0.999
$ 5.14B
$ 5.14 billion
-0.01%
7 World Liberty Financial USD USD1 $ 1.00
$ 4.34B
$ 4.34 billion
+0.13%
8 PayPal USD PYUSD $ 1.000
$ 4.11B
$ 4.11 billion
+0.02%
9 PAX Gold PAXG $ 4,788.92
$ 2.36B
$ 2.36 billion
-0.05%
10 Global Dollar USDG $ 1.000
$ 2.27B
$ 2.27 billion
+0.07%
11 USDD USDD $ 1.000
$ 1.53B
$ 1.53 billion
-0.01%
12 Ripple USD RLUSD $ 1.00
$ 1.44B
$ 1.44 billion
+0.05%
13 United Stables U $ 0.999
$ 993.92M
$ 993.92 million
-0.06%
14 TrueUSD TUSD $ 0.998
$ 493.95M
$ 493.95 million
+0.03%
15 EURC EURC $ 1.17
$ 418.32M
$ 418.32 million
-0.14%
16 First Digital USD FDUSD $ 0.999
$ 413.40M
$ 413.40 million
-0.06%
17 Agora AUSD $ 1.00
$ 140.71M
$ 140.71 million
+0.11%
18 Binance USD BUSD $ 1.000
$ 55.81M
$ 55.81 million
-0.10%
19 Mezo USD MUSD $ 1.01
$ 50.57M
$ 50.57 million
-0.60%
20 EURITE EURI $ 1.18
$ 48.62M
$ 48.62 million
-0.08%
21 XUSD XUSD $ 0.999
$ 47.93M
$ 47.93 million
-0.01%
22 Pax Dollar USDP $ 1.000
$ 45.55M
$ 45.55 million
+0.01%
23 Gemini dollar GUSD $ 1.00
$ 35.70M
$ 35.70 million
+0.06%
24 BOLD Stablecoin BOLD $ 1.00
$ 32.48M
$ 32.48 million
+0.05%
25 TerraClassicUSD USTC $ 0.00536
$ 29.95M
$ 29.95 million
-4.13%
26 Tether America USD USAT $ 0.999
$ 19.99M
$ 19.99 million
-0.01%
27 XSGD XSGD $ 0.788
$ 16.80M
$ 16.80 million
-0.01%
28 Reservoir DAM $ 0.0388
$ 13.46M
$ 13.46 million
-4.63%
29 StablR Euro EURR $ 1.17
$ 13.09M
$ 13.09 million
+0.38%
30 Resolv RESOLV $ 0.0324
$ 12.30M
$ 12.30 million
-4.87%
31 Worldwide USD WUSD $ 0.998
$ 7.45M
$ 7.45 million
-0.09%
32 USD Base Coin USDBC $ 1.01
$ 7.16M
$ 7.16 million
+0.71%
33 StablR USD USDR $ 1.000
$ 6.51M
$ 6.51 million
+0.09%
34 Quantoz USDQ USDQ $ 0.999
$ 6.01M
$ 6.01 million
+0.00%

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

35 Curve.Fi USD Stablecoin CRVUSD $ 2.37
$ 745.16M
$ 745.16 million
+2.26%
36 Legacy Frax Dollar FRAX $ 2.34
$ 646.03M
$ 646.03 million
-2.01%
37 Usual USD USD0 $ 0.994
$ 563.31M
$ 563.31 million
-0.21%
38 Curve.fi DAI/USDC/USDT 3CRV $ 2.54
$ 408.03M
$ 408.03 million
+3.69%
39 Resupply USD reUSD $ 2.10
$ 105.85M
$ 105.85 million
-3.93%
40 sUSD Synthetix SUSD $ 1.65
$ 87.36M
$ 87.36 million
+0.64%
41 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.58M
$ 63.58 million
+0.01%
42 Anchored Coins EUR AEUR $ 1.16
$ 55.14M
$ 55.14 million
+0.20%
43 TerraUSD UST $ 0.00521
$ 51.14M
$ 51.14 million
-5.39%
44 Decentralized Social DESO $ 4.70
$ 41.77M
$ 41.77 million
-1.46%
45 Liquity USD LUSD $ 1.000
$ 35.45M
$ 35.45 million
-0.09%
46 Bucket Protocol BUCK Stablecoin BUCK $ 0.999
$ 26.10M
$ 26.10 million
-0.10%
47 Origin Dollar OUSD $ 2.23
$ 17.47M
$ 17.47 million
+15.54%
48 Celo Dollar CUSD $ 0.998
$ 14.76M
$ 14.76 million
+0.00%
49 Euro Tether EURT $ 0.0734
$ 2.93M
$ 2.93 million
-0.67%
50 Vai VAI $ 0.997
$ 2.55M
$ 2.55 million
-0.29%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
USD Base Coin USDBC $ 1.01
$ 7.16M
$ 7.16 million
+0.71%
StablR Euro EURR $ 1.17
$ 13.09M
$ 13.09 million
+0.38%
USDS USDS $ 1.00
$ 11.38B
$ 11.38 billion
+0.14%
World Liberty Financial USD USD1 $ 1.00
$ 4.34B
$ 4.34 billion
+0.13%
Agora AUSD $ 1.00
$ 140.71M
$ 140.71 million
+0.11%
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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