Stablecoins

288 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 $ 1.00
$ 184.29B
$ 184.29 billion
-0.01%
2 USDC USDC $ 1.00
$ 73.32B
$ 73.32 billion
-0.03%
3 USDS USDS $ 1.00
$ 10.89B
$ 10.89 billion
-0.01%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.93B
$ 8.93 billion
-1.29%
5 Dai DAI $ 0.999
$ 5.32B
$ 5.32 billion
-0.23%
6 World Liberty Financial USD USD1 $ 1.000
$ 4.45B
$ 4.45 billion
-0.01%
7 Ethena USDe USDE $ 1.00
$ 4.24B
$ 4.24 billion
+0.04%
8 Global Dollar USDG $ 1.000
$ 3.12B
$ 3.12 billion
-0.02%
9 PayPal USD PYUSD $ 1.00
$ 2.85B
$ 2.85 billion
-0.03%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
+0.11%
11 Ripple USD RLUSD $ 0.999
$ 1.94B
$ 1.94 billion
+0.03%
12 PAX Gold PAXG $ 4,100.58
$ 1.84B
$ 1.84 billion
+0.01%
13 USDD USDD $ 1.00
$ 1.42B
$ 1.42 billion
+0.28%
14 Falcon USD USDF $ 0.995
$ 1.26B
$ 1.26 billion
-0.29%
15 United Stables U $ 1.00
$ 1.03B
$ 1.03 billion
-0.03%
16 Gho Token GHO $ 0.999
$ 598.48M
$ 598.48 million
+0.01%
17 TrueUSD TUSD $ 0.998
$ 493.61M
$ 493.61 million
-0.01%
18 EURC EURC $ 1.14
$ 424.41M
$ 424.41 million
-0.07%
19 First Digital USD FDUSD $ 1.00
$ 349.50M
$ 349.50 million
+0.04%
20 Legacy Frax Dollar FRAX $ 0.993
$ 237.83M
$ 237.83 million
+0.10%
21 Agora AUSD $ 0.998
$ 173.94M
$ 173.94 million
+0.66%
22 Curve.Fi USD Stablecoin CRVUSD $ 0.998
$ 172.53M
$ 172.53 million
+0.85%
23 Binance USD BUSD $ 1.00
$ 56.08M
$ 56.08 million
+1.18%
24 XUSD XUSD $ 1.00
$ 49.54M
$ 49.54 million
+0.01%
25 Quantoz USDQ USDQ $ 0.990
$ 49.32M
$ 49.32 million
-0.05%
26 EURITE EURI $ 1.14
$ 37.69M
$ 37.69 million
-0.03%
27 TerraClassicUSD USTC $ 0.00571
$ 31.81M
$ 31.81 million
-1.72%
28 Gemini dollar GUSD $ 1.00
$ 29.91M
$ 29.91 million
-0.02%
29 Pax Dollar USDP $ 1.000
$ 29.64M
$ 29.64 million
-0.09%
30 BOLD Stablecoin BOLD $ 1.00
$ 29.13M
$ 29.13 million
+0.05%
31 Liquity USD LUSD $ 0.991
$ 27.82M
$ 27.82 million
-2.98%
32 Tether America USD USAT $ 0.999
$ 17.99M
$ 17.99 million
-0.02%
33 XSGD XSGD $ 0.773
$ 11.68M
$ 11.68 million
+0.11%
34 FUSD FUSD $ 1.00
$ 10.80M
$ 10.80 million
+0.01%
35 Worldwide USD WUSD $ 0.996
$ 10.50M
$ 10.50 million
+0.07%
36 Resolv RESOLV $ 0.0222
$ 9.51M
$ 9.51 million
+1.98%
37 USD Base Coin USDBC $ 1.06
$ 6.46M
$ 6.46 million
+6.38%
38 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.50M
$ 5.50 million
-0.14%
39 Quantoz EURQ EURQ $ 1.12
$ 5.24M
$ 5.24 million
-0.75%
40 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.42M
$ 2.42 million
-0.00%

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

41 TerraUSD UST $ 0.132
$ 1.29B
$ 1.29 billion
+2,212.33%
42 Ethena Labs (USDTb) USDTb $ 1.00
$ 727.54M
$ 727.54 million
-0.01%
43 Usual USD USD0 $ 0.999
$ 556.70M
$ 556.70 million
-0.00%
44 Curve.fi DAI/USDC/USDT 3CRV $ 1.03
$ 158.85M
$ 158.85 million
-10.06%
45 USDsui USDsui $ 0.999
$ 66.79M
$ 66.79 million
-0.38%
46 Anchored Coins EUR AEUR $ 1.14
$ 54.14M
$ 54.14 million
+1.67%
47 Fidelity Digital Dollar FIDD $ 1.00
$ 49.78M
$ 49.78 million
-0.04%
48 Resupply USD reUSD $ 1.04
$ 33.55M
$ 33.55 million
+0.95%
49 sUSD Synthetix SUSD $ 0.642
$ 31.67M
$ 31.67 million
-0.28%
50 Origin Dollar OUSD $ 3.71
$ 27.64M
$ 27.64 million
-2.20%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
USD Base Coin USDBC $ 1.06
$ 6.46M
$ 6.46 million
+6.38%
Resolv RESOLV $ 0.0222
$ 9.51M
$ 9.51 million
+1.98%
Binance USD BUSD $ 1.00
$ 56.08M
$ 56.08 million
+1.18%
Curve.Fi USD Stablecoin CRVUSD $ 0.998
$ 172.53M
$ 172.53 million
+0.85%
Agora AUSD $ 0.998
$ 173.94M
$ 173.94 million
+0.66%
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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