Stablecoins

234 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 Price Market cap 24h
1 Tether USD USDT $ 1.000
$ 183.60B
$ 183.60 billion
+0.02%
2 USDC USDC $ 0.999
$ 75.06B
$ 75.06 billion
-0.08%
3 USDS USDS $ 0.999
$ 10.13B
$ 10.13 billion
-0.04%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.04%
5 Ethena USDe USDE $ 1.000
$ 6.15B
$ 6.15 billion
+0.00%
6 Dai DAI $ 1.00
$ 5.14B
$ 5.14 billion
+0.05%
7 PayPal USD PYUSD $ 0.999
$ 4.18B
$ 4.18 billion
-0.01%
8 World Liberty Financial USD USD1 $ 0.999
$ 4.07B
$ 4.07 billion
+0.03%
9 PAX Gold PAXG $ 5,389.36
$ 2.55B
$ 2.55 billion
+1.01%
10 Global Dollar USDG $ 1.000
$ 1.77B
$ 1.77 billion
+0.02%
11 Ripple USD RLUSD $ 1.00
$ 1.33B
$ 1.33 billion
+0.14%
12 USDD USDD $ 1.000
$ 1.08B
$ 1.08 billion
+0.02%
13 United Stables U $ 1.000
$ 664.88M
$ 664.88 million
+0.02%
14 TrueUSD TUSD $ 0.998
$ 493.49M
$ 493.49 million
+0.00%
15 EURC EURC $ 1.18
$ 449.34M
$ 449.34 million
-0.21%
16 First Digital USD FDUSD $ 1.00
$ 380.65M
$ 380.65 million
+0.02%
17 Curve.Fi USD Stablecoin CRVUSD $ 0.983
$ 285.79M
$ 285.79 million
+0.06%
18 Legacy Frax Dollar FRAX $ 0.991
$ 273.59M
$ 273.59 million
-0.13%
19 Agora AUSD $ 1.00
$ 176.19M
$ 176.19 million
+0.06%
20 Binance USD BUSD $ 0.998
$ 55.73M
$ 55.73 million
-0.38%
21 EURITE EURI $ 1.18
$ 48.77M
$ 48.77 million
-0.29%
22 Gemini dollar GUSD $ 1.00
$ 47.09M
$ 47.09 million
+0.07%
23 Pax Dollar USDP $ 1.00
$ 45.57M
$ 45.57 million
+0.01%
24 sUSD Synthetix SUSD $ 0.835
$ 44.01M
$ 44.01 million
+1.98%
25 BOLD Stablecoin BOLD $ 1.00
$ 39.20M
$ 39.20 million
-0.00%
26 TerraClassicUSD USTC $ 0.00496
$ 27.67M
$ 27.67 million
-3.64%
27 XUSD XUSD $ 1.00
$ 25.28M
$ 25.28 million
+0.02%
28 Resolv RESOLV $ 0.0588
$ 21.80M
$ 21.80 million
-2.56%
29 Tether America USD USAT $ 0.997
$ 19.94M
$ 19.94 million
+0.03%
30 StablR Euro EURR $ 1.17
$ 13.09M
$ 13.09 million
-0.16%
31 Worldwide USD WUSD $ 1.000
$ 11.35M
$ 11.35 million
+0.02%
32 Reservoir DAM $ 0.0229
$ 7.80M
$ 7.80 million
-1.02%
33 StablR USD USDR $ 0.997
$ 6.82M
$ 6.82 million
+0.01%
34 Quantoz USDQ USDQ $ 1.000
$ 6.16M
$ 6.16 million
+0.01%

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

35 Usual USD USD0 $ 0.999
$ 572.42M
$ 572.42 million
+0.00%
36 Curve.fi DAI/USDC/USDT 3CRV $ 1.02
$ 163.84M
$ 163.84 million
-2.34%
37 Resupply USD reUSD $ 2.54
$ 127.69M
$ 127.69 million
-1.66%
38 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.32M
$ 63.32 million
-0.11%
39 Anchored Coins EUR AEUR $ 1.17
$ 55.42M
$ 55.42 million
+0.10%
40 TerraUSD UST $ 0.00502
$ 49.26M
$ 49.26 million
-4.27%
41 Decentralized Social DESO $ 5.17
$ 45.94M
$ 45.94 million
-0.58%
42 Liquity USD LUSD $ 1.00
$ 35.56M
$ 35.56 million
-0.96%
43 Bucket Protocol BUCK Stablecoin BUCK $ 1.000
$ 25.95M
$ 25.95 million
+0.02%
44 Euro Tether EURT $ 0.543
$ 21.73M
$ 21.73 million
+753.84%
45 Celo Dollar CUSD $ 0.999
$ 14.45M
$ 14.45 million
-0.01%
46 XSGD XSGD $ 0.788
$ 13.59M
$ 13.59 million
-0.32%
47 USD Base Coin USDBC $ 1.01
$ 7.16M
$ 7.16 million
+0.56%
48 Origin Dollar OUSD $ 1.000
$ 6.84M
$ 6.84 million
+0.00%
49 Fei Protocol FEI $ 1.00
$ 3.43M
$ 3.43 million
+0.49%
50 Rupiah Token IDRT $ 0.0000587
$ 2.63M
$ 2.63 million
+0.11%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
sUSD Synthetix SUSD $ 0.835
$ 44.01M
$ 44.01 million
+1.98%
PAX Gold PAXG $ 5,389.36
$ 2.55B
$ 2.55 billion
+1.01%
Ripple USD RLUSD $ 1.00
$ 1.33B
$ 1.33 billion
+0.14%
Gemini dollar GUSD $ 1.00
$ 47.09M
$ 47.09 million
+0.07%
Agora AUSD $ 1.00
$ 176.19M
$ 176.19 million
+0.06%
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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