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 $ 1.000
$ 184.28B
$ 184.28 billion
-0.00%
2 USDC USDC $ 1.00
$ 73.03B
$ 73.03 billion
-0.02%
3 USDS USDS $ 1.00
$ 10.15B
$ 10.15 billion
-0.02%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.00%
5 Dai DAI $ 0.999
$ 5.14B
$ 5.14 billion
-0.20%
6 World Liberty Financial USD USD1 $ 0.999
$ 4.58B
$ 4.58 billion
-0.78%
7 Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
+0.01%
8 Global Dollar USDG $ 1.00
$ 3.02B
$ 3.02 billion
-0.01%
9 PayPal USD PYUSD $ 1.00
$ 2.86B
$ 2.86 billion
-0.01%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
-0.10%
11 Falcon USD USDF $ 0.999
$ 2.06B
$ 2.06 billion
-0.03%
12 Ripple USD RLUSD $ 0.999
$ 1.93B
$ 1.93 billion
+0.01%
13 PAX Gold PAXG $ 4,168.62
$ 1.88B
$ 1.88 billion
+0.02%
14 USDD USDD $ 0.998
$ 1.37B
$ 1.37 billion
-0.04%
15 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
-0.01%
16 Gho Token GHO $ 0.999
$ 598.32M
$ 598.32 million
-0.01%
17 TrueUSD TUSD $ 0.998
$ 493.42M
$ 493.42 million
+0.00%
18 EURC EURC $ 1.14
$ 434.60M
$ 434.60 million
-0.13%
19 First Digital USD FDUSD $ 0.998
$ 349.48M
$ 349.48 million
+0.05%
20 Legacy Frax Dollar FRAX $ 0.990
$ 237.27M
$ 237.27 million
+0.16%
21 Agora AUSD $ 0.861
$ 149.41M
$ 149.41 million
-13.44%
22 Binance USD BUSD $ 1.00
$ 55.84M
$ 55.84 million
-0.11%
23 Quantoz USDQ USDQ $ 0.985
$ 49.05M
$ 49.05 million
+0.04%
24 XUSD XUSD $ 1.00
$ 47.99M
$ 47.99 million
-0.04%
25 EURITE EURI $ 1.14
$ 47.33M
$ 47.33 million
-0.21%
26 Pax Dollar USDP $ 0.999
$ 45.52M
$ 45.52 million
-0.25%
27 Gemini dollar GUSD $ 1.00
$ 36.72M
$ 36.72 million
+0.02%
28 TerraClassicUSD USTC $ 0.00571
$ 31.85M
$ 31.85 million
+1.50%
29 BOLD Stablecoin BOLD $ 0.999
$ 30.54M
$ 30.54 million
-0.04%
30 Tether America USD USAT $ 0.999
$ 19.99M
$ 19.99 million
+0.00%
31 Quantoz EURQ EURQ $ 1.15
$ 15.74M
$ 15.74 million
+1.01%
32 Worldwide USD WUSD $ 0.996
$ 11.30M
$ 11.30 million
-0.10%
33 FUSD FUSD $ 1.00
$ 10.72M
$ 10.72 million
+0.32%
34 Resolv RESOLV $ 0.0201
$ 8.56M
$ 8.56 million
-2.59%
35 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.09M
$ 5.09 million
-0.00%
36 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.36M
$ 2.36 million
-0.01%

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

37 Curve.Fi USD Stablecoin CRVUSD $ 16.48
$ 2.85B
$ 2.85 billion
-0.44%
38 Curve.fi DAI/USDC/USDT 3CRV $ 17.13
$ 2.75B
$ 2.75 billion
+0.48%
39 Ethena Labs (USDTb) USDTb $ 1.00
$ 917.19M
$ 917.19 million
+0.02%
40 Mezo USD MUSD $ 16.37
$ 818.44M
$ 818.44 million
+3.20%
41 Liquity USD LUSD $ 16.64
$ 588.85M
$ 588.85 million
+0.45%
42 Usual USD USD0 $ 0.998
$ 556.36M
$ 556.36 million
-0.17%
43 Resupply USD reUSD $ 10.11
$ 508.48M
$ 508.48 million
-1.93%
44 Origin Dollar OUSD $ 15.89
$ 117.59M
$ 117.59 million
+0.54%
45 USDsui USDsui $ 0.999
$ 66.85M
$ 66.85 million
+0.17%
46 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 64.03M
$ 64.03 million
+0.28%
47 TerraUSD UST $ 0.00571
$ 55.96M
$ 55.96 million
+1.52%
48 Anchored Coins EUR AEUR $ 1.12
$ 53.26M
$ 53.26 million
-0.12%
49 sUSD Synthetix SUSD $ 0.572
$ 28.21M
$ 28.21 million
-1.45%
50 Bucket Protocol BUCK Stablecoin BUCK $ 0.996
$ 25.86M
$ 25.86 million
-0.03%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
TerraClassicUSD USTC $ 0.00571
$ 31.85M
$ 31.85 million
+1.50%
Quantoz EURQ EURQ $ 1.15
$ 15.74M
$ 15.74 million
+1.01%
FUSD FUSD $ 1.00
$ 10.72M
$ 10.72 million
+0.32%
Legacy Frax Dollar FRAX $ 0.990
$ 237.27M
$ 237.27 million
+0.16%
First Digital USD FDUSD $ 0.998
$ 349.48M
$ 349.48 million
+0.05%
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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