Stablecoins

263 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
$ 189.61B
$ 189.61 billion
-0.01%
2 USDC USDC $ 1.000
$ 77.60B
$ 77.60 billion
+0.02%
3 USDS USDS $ 0.999
$ 11.15B
$ 11.15 billion
-0.07%
4 Binance-Peg BSC-USD BSC-USD $ 0.908
$ 8.16B
$ 8.16 billion
-12.72%
5 Ethena USDe USDE $ 1.000
$ 6.15B
$ 6.15 billion
-0.01%
6 Dai DAI $ 0.999
$ 5.14B
$ 5.14 billion
+0.04%
7 World Liberty Financial USD USD1 $ 0.998
$ 4.36B
$ 4.36 billion
-0.28%
8 PayPal USD PYUSD $ 0.998
$ 3.42B
$ 3.42 billion
-0.12%
9 Global Dollar USDG $ 1.00
$ 2.77B
$ 2.77 billion
+0.05%
10 PAX Gold PAXG $ 4,721.52
$ 2.23B
$ 2.23 billion
+0.05%
11 USDD USDD $ 1.00
$ 1.49B
$ 1.49 billion
+0.04%
12 Ripple USD RLUSD $ 1.00
$ 1.47B
$ 1.47 billion
+0.10%
13 United Stables U $ 1.000
$ 994.41M
$ 994.41 million
-0.01%
14 TrueUSD TUSD $ 1.000
$ 494.42M
$ 494.42 million
+0.02%
15 EURC EURC $ 1.18
$ 437.22M
$ 437.22 million
+0.06%
16 First Digital USD FDUSD $ 0.999
$ 399.13M
$ 399.13 million
-0.07%
17 Legacy Frax Dollar FRAX $ 0.993
$ 273.99M
$ 273.99 million
+0.00%
18 Agora AUSD $ 1.00
$ 137.61M
$ 137.61 million
+0.20%
19 Binance USD BUSD $ 0.907
$ 50.63M
$ 50.63 million
-6.80%
20 EURITE EURI $ 1.18
$ 48.73M
$ 48.73 million
+0.09%
21 XUSD XUSD $ 1.00
$ 47.96M
$ 47.96 million
+0.01%
22 Pax Dollar USDP $ 1.000
$ 45.55M
$ 45.55 million
-0.02%
23 TerraClassicUSD USTC $ 0.00752
$ 41.92M
$ 41.92 million
-1.86%
24 Gemini dollar GUSD $ 1.00
$ 37.70M
$ 37.70 million
+0.02%
25 Liquity USD LUSD $ 0.999
$ 35.39M
$ 35.39 million
-0.20%
26 BOLD Stablecoin BOLD $ 0.999
$ 34.82M
$ 34.82 million
-0.04%
27 Tether America USD USAT $ 1.000
$ 19.99M
$ 19.99 million
+0.03%
28 XSGD XSGD $ 0.788
$ 14.78M
$ 14.78 million
-0.10%
29 StablR Euro EURR $ 1.16
$ 12.98M
$ 12.98 million
+0.32%
30 Resolv RESOLV $ 0.0319
$ 12.58M
$ 12.58 million
-4.97%
31 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
+0.00%
32 USD Base Coin USDBC $ 1.00
$ 7.18M
$ 7.18 million
-1.75%
33 StablR USD USDR $ 0.999
$ 7.01M
$ 7.01 million
-0.08%
34 Quantoz USDQ USDQ $ 0.998
$ 6.00M
$ 6.00 million
-0.05%
35 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.08M
$ 5.08 million
+0.28%
36 Reservoir DAM $ 0.0104
$ 4.03M
$ 4.03 million
-7.14%

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

37 Curve.Fi USD Stablecoin CRVUSD $ 3.14
$ 800.43M
$ 800.43 million
-1.32%
38 Usual USD USD0 $ 0.999
$ 565.62M
$ 565.62 million
+0.01%
39 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 167.47M
$ 167.47 million
-0.11%
40 Resupply USD reUSD $ 3.17
$ 159.35M
$ 159.35 million
-0.34%
41 sUSD Synthetix SUSD $ 1.96
$ 104.12M
$ 104.12 million
-14.14%
42 TerraUSD UST $ 0.00742
$ 72.78M
$ 72.78 million
-4.13%
43 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.68M
$ 63.68 million
+0.04%
44 Fidelity Digital Dollar FIDD $ 1.00
$ 59.61M
$ 59.61 million
+0.04%
45 USDsui USDsui $ 1.00
$ 56.13M
$ 56.13 million
+0.16%
46 Anchored Coins EUR AEUR $ 1.16
$ 55.19M
$ 55.19 million
-0.61%
47 Mezo USD MUSD $ 1.01
$ 50.32M
$ 50.32 million
-0.07%
48 Decentralized Social DESO $ 3.93
$ 34.88M
$ 34.88 million
-1.32%
49 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 26.00M
$ 26.00 million
+0.08%
50 Origin Dollar OUSD $ 3.19
$ 17.61M
$ 17.61 million
-0.48%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
StablR Euro EURR $ 1.16
$ 12.98M
$ 12.98 million
+0.32%
Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.08M
$ 5.08 million
+0.28%
Agora AUSD $ 1.00
$ 137.61M
$ 137.61 million
+0.20%
Ripple USD RLUSD $ 1.00
$ 1.47B
$ 1.47 billion
+0.10%
EURITE EURI $ 1.18
$ 48.73M
$ 48.73 million
+0.09%
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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