Stablecoins

255 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
$ 184.15B
$ 184.15 billion
+0.03%
2 USDC USDC $ 1.00
$ 78.40B
$ 78.40 billion
-0.01%
3 USDS USDS $ 1.00
$ 11.45B
$ 11.45 billion
-0.45%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.01%
5 Ethena USDe USDE $ 1.000
$ 6.14B
$ 6.14 billion
-0.07%
6 Dai DAI $ 0.998
$ 5.14B
$ 5.14 billion
+0.00%
7 World Liberty Financial USD USD1 $ 0.998
$ 4.42B
$ 4.42 billion
-0.12%
8 PayPal USD PYUSD $ 1.00
$ 3.94B
$ 3.94 billion
-0.48%
9 PAX Gold PAXG $ 4,736.39
$ 2.44B
$ 2.44 billion
+0.67%
10 Global Dollar USDG $ 1.00
$ 2.05B
$ 2.05 billion
+0.02%
11 USDD USDD $ 1.000
$ 1.54B
$ 1.54 billion
-0.01%
12 Ripple USD RLUSD $ 1.00
$ 1.46B
$ 1.46 billion
-0.09%
13 United Stables U $ 1.00
$ 994.92M
$ 994.92 million
-0.03%
14 TrueUSD TUSD $ 0.999
$ 494.17M
$ 494.17 million
-0.02%
15 EURC EURC $ 1.17
$ 414.43M
$ 414.43 million
+0.20%
16 First Digital USD FDUSD $ 1.000
$ 394.04M
$ 394.04 million
+0.01%
17 Agora AUSD $ 1.000
$ 154.13M
$ 154.13 million
+0.19%
18 Binance USD BUSD $ 0.999
$ 55.80M
$ 55.80 million
+0.07%
19 Mezo USD MUSD $ 1.00
$ 50.08M
$ 50.08 million
+0.11%
20 EURITE EURI $ 1.17
$ 48.40M
$ 48.40 million
+0.22%
21 XUSD XUSD $ 1.000
$ 47.94M
$ 47.94 million
-0.02%
22 Pax Dollar USDP $ 1.00
$ 45.58M
$ 45.58 million
-0.00%
23 Gemini dollar GUSD $ 1.000
$ 35.68M
$ 35.68 million
+0.00%
24 BOLD Stablecoin BOLD $ 1.00
$ 31.30M
$ 31.30 million
-0.04%
25 TerraClassicUSD USTC $ 0.00468
$ 26.09M
$ 26.09 million
+2.10%
26 Reservoir DAM $ 0.0590
$ 20.13M
$ 20.13 million
+6.51%
27 Tether America USD USAT $ 1.00
$ 20.02M
$ 20.02 million
-0.01%
28 XSGD XSGD $ 0.785
$ 16.38M
$ 16.38 million
-0.01%
29 Resolv RESOLV $ 0.0408
$ 15.35M
$ 15.35 million
-1.71%
30 StablR Euro EURR $ 1.15
$ 12.96M
$ 12.96 million
-0.10%
31 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
-0.00%
32 USD Base Coin USDBC $ 0.998
$ 7.05M
$ 7.05 million
-0.26%
33 Quantoz USDQ USDQ $ 1.000
$ 6.01M
$ 6.01 million
+0.06%
34 StablR USD USDR $ 0.998
$ 6.00M
$ 6.00 million
-0.16%

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

35 Legacy Frax Dollar FRAX $ 2.58
$ 712.81M
$ 712.81 million
+2.42%
36 Curve.Fi USD Stablecoin CRVUSD $ 2.54
$ 674.19M
$ 674.19 million
+0.80%
37 Usual USD USD0 $ 0.999
$ 565.89M
$ 565.89 million
+0.21%
38 Curve.fi DAI/USDC/USDT 3CRV $ 2.50
$ 401.89M
$ 401.89 million
+1.21%
39 Resupply USD reUSD $ 1.90
$ 95.38M
$ 95.38 million
-1.09%
40 sUSD Synthetix SUSD $ 1.68
$ 88.68M
$ 88.68 million
+2.63%
41 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.53M
$ 63.53 million
-0.01%
42 Anchored Coins EUR AEUR $ 1.16
$ 55.06M
$ 55.06 million
+0.35%
43 TerraUSD UST $ 0.00476
$ 46.70M
$ 46.70 million
+4.18%
44 Decentralized Social DESO $ 4.73
$ 41.98M
$ 41.98 million
+1.81%
45 Liquity USD LUSD $ 1.00
$ 35.46M
$ 35.46 million
-0.01%
46 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 26.13M
$ 26.13 million
-0.05%
47 Celo Dollar CUSD $ 0.999
$ 14.83M
$ 14.83 million
-0.06%
48 Origin Dollar OUSD $ 0.999
$ 7.63M
$ 7.63 million
-0.05%
49 Rupiah Token IDRT $ 0.0000593
$ 2.66M
$ 2.66 million
-1.67%
50 Vai VAI $ 1.00
$ 2.56M
$ 2.56 million
-0.40%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Reservoir DAM $ 0.0590
$ 20.13M
$ 20.13 million
+6.51%
TerraClassicUSD USTC $ 0.00468
$ 26.09M
$ 26.09 million
+2.10%
PAX Gold PAXG $ 4,736.39
$ 2.44B
$ 2.44 billion
+0.67%
EURITE EURI $ 1.17
$ 48.40M
$ 48.40 million
+0.22%
EURC EURC $ 1.17
$ 414.43M
$ 414.43 million
+0.20%
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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