Stablecoins

224 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 $ 0.999
$ 185.07B
$ 185.07 billion
-0.21%
2 USDC USDC $ 1.00
$ 70.44B
$ 70.44 billion
-0.10%
3 USDS USDS $ 0.992
$ 9.15B
$ 9.15 billion
-0.44%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.05%
5 Ethena USDe USDE $ 0.996
$ 6.47B
$ 6.47 billion
-0.03%
6 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.01%
7 World Liberty Financial USD USD1 $ 0.999
$ 4.91B
$ 4.91 billion
-0.05%
8 PayPal USD PYUSD $ 1.000
$ 3.61B
$ 3.61 billion
-0.03%
9 PAX Gold PAXG $ 4,704.55
$ 1.80B
$ 1.80 billion
-3.23%
10 Global Dollar USDG $ 1.00
$ 1.60B
$ 1.60 billion
+0.06%
11 Ripple USD RLUSD $ 1.00
$ 1.40B
$ 1.40 billion
+0.07%
12 USDD USDD $ 0.999
$ 1.11B
$ 1.11 billion
-0.06%
13 United Stables U $ 1.000
$ 734.78M
$ 734.78 million
-0.06%
14 TrueUSD TUSD $ 0.998
$ 493.71M
$ 493.71 million
+0.04%
15 First Digital USD FDUSD $ 0.997
$ 454.07M
$ 454.07 million
-0.33%
16 EURC EURC $ 1.19
$ 363.85M
$ 363.85 million
+0.33%
17 Legacy Frax Dollar FRAX $ 0.991
$ 270.72M
$ 270.72 million
-1.22%
18 Agora AUSD $ 0.999
$ 161.39M
$ 161.39 million
-0.00%
19 Curve.Fi USD Stablecoin CRVUSD $ 0.980
$ 145.63M
$ 145.63 million
-0.55%
20 DOLA DOLA $ 1.00
$ 134.31M
$ 134.31 million
+0.58%
21 Binance USD BUSD $ 1.000
$ 55.83M
$ 55.83 million
+0.04%
22 EURITE EURI $ 1.19
$ 48.94M
$ 48.94 million
+0.15%
23 Gemini dollar GUSD $ 1.00
$ 47.22M
$ 47.22 million
+0.15%
24 Pax Dollar USDP $ 1.000
$ 45.55M
$ 45.55 million
-0.03%
25 BOLD Stablecoin BOLD $ 1.00
$ 39.07M
$ 39.07 million
+0.08%
26 sUSD Synthetix SUSD $ 0.707
$ 37.06M
$ 37.06 million
+2.63%
27 TerraClassicUSD USTC $ 0.00561
$ 31.31M
$ 31.31 million
+3.70%
28 Resolv RESOLV $ 0.0791
$ 28.09M
$ 28.09 million
-2.10%
29 XUSD XUSD $ 1.00
$ 25.30M
$ 25.30 million
-0.02%
30 Tether America USD USAT $ 1.00
$ 20.01M
$ 20.01 million
+0.00%
31 XSGD XSGD $ 0.786
$ 13.82M
$ 13.82 million
+0.14%
32 StablR Euro EURR $ 1.16
$ 13.07M
$ 13.07 million
-1.22%
33 Worldwide USD WUSD $ 1.00
$ 11.36M
$ 11.36 million
+0.21%
34 USD Base Coin USDBC $ 1.00
$ 7.51M
$ 7.51 million
+0.10%
35 StablR USD USDR $ 0.999
$ 6.83M
$ 6.83 million
+0.01%
36 Reservoir DAM $ 0.0197
$ 6.72M
$ 6.72 million
-0.19%
37 Quantoz USDQ USDQ $ 1.00
$ 6.17M
$ 6.17 million
-0.02%

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

38 Usual USD USD0 $ 1.32
$ 777.47M
$ 777.47 million
+31.70%
39 Curve.fi DAI/USDC/USDT 3CRV $ 1.05
$ 167.81M
$ 167.81 million
+0.04%
40 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.26M
$ 63.26 million
+0.01%
41 Anchored Coins EUR AEUR $ 1.19
$ 56.65M
$ 56.65 million
+0.02%
42 TerraUSD UST $ 0.00566
$ 55.55M
$ 55.55 million
+2.89%
43 Decentralized Social DESO $ 6.16
$ 54.69M
$ 54.69 million
-5.86%
44 Resupply USD reUSD $ 0.865
$ 43.51M
$ 43.51 million
-7.32%
45 Liquity USD LUSD $ 1.000
$ 35.69M
$ 35.69 million
+0.02%
46 Euro Tether EURT $ 0.684
$ 27.36M
$ 27.36 million
+74.74%
47 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.98M
$ 25.98 million
+0.11%
48 Celo Dollar CUSD $ 1.00
$ 14.69M
$ 14.69 million
+0.27%
49 Origin Dollar OUSD $ 0.997
$ 8.61M
$ 8.61 million
-0.02%
50 BiLira TRYB $ 0.0229
$ 3.87M
$ 3.87 million
-0.69%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
TerraClassicUSD USTC $ 0.00561
$ 31.31M
$ 31.31 million
+3.70%
sUSD Synthetix SUSD $ 0.707
$ 37.06M
$ 37.06 million
+2.63%
DOLA DOLA $ 1.00
$ 134.31M
$ 134.31 million
+0.58%
EURC EURC $ 1.19
$ 363.85M
$ 363.85 million
+0.33%
Worldwide USD WUSD $ 1.00
$ 11.36M
$ 11.36 million
+0.21%
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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