Stablecoins

271 coins #11

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
$ 189.50B
$ 189.50 billion
-0.04%
2 USDC USDC $ 1.00
$ 76.63B
$ 76.63 billion
+0.05%
3 USDS USDS $ 1.00
$ 11.20B
$ 11.20 billion
+0.27%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.03%
5 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.17%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.56B
$ 4.56 billion
+0.28%
7 Ethena USDe USDE $ 1.00
$ 4.45B
$ 4.45 billion
-0.00%
8 PayPal USD PYUSD $ 1.00
$ 3.62B
$ 3.62 billion
+0.01%
9 Global Dollar USDG $ 1.00
$ 2.74B
$ 2.74 billion
-0.01%
10 PAX Gold PAXG $ 4,455.28
$ 2.08B
$ 2.08 billion
-0.95%
11 Ripple USD RLUSD $ 1.00
$ 1.78B
$ 1.78 billion
+0.10%
12 USDD USDD $ 1.00
$ 1.52B
$ 1.52 billion
+0.07%
13 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
+0.14%
14 TrueUSD TUSD $ 1.000
$ 494.39M
$ 494.39 million
-0.01%
15 EURC EURC $ 1.16
$ 439.73M
$ 439.73 million
+0.02%
16 First Digital USD FDUSD $ 0.998
$ 373.51M
$ 373.51 million
+0.00%
17 Legacy Frax Dollar FRAX $ 0.992
$ 273.77M
$ 273.77 million
+0.12%
18 Agora AUSD $ 1.00
$ 129.98M
$ 129.98 million
-0.10%
19 Binance USD BUSD $ 1.00
$ 55.92M
$ 55.92 million
+0.12%
20 EURITE EURI $ 1.16
$ 48.06M
$ 48.06 million
+0.04%
21 XUSD XUSD $ 1.00
$ 48.01M
$ 48.01 million
+0.01%
22 Pax Dollar USDP $ 1.00
$ 45.60M
$ 45.60 million
+0.04%
23 TerraClassicUSD USTC $ 0.00646
$ 36.01M
$ 36.01 million
+10.12%
24 BOLD Stablecoin BOLD $ 1.000
$ 33.36M
$ 33.36 million
+0.15%
25 Tether America USD USAT $ 0.998
$ 19.97M
$ 19.97 million
-0.13%
26 XSGD XSGD $ 0.784
$ 14.91M
$ 14.91 million
-0.00%
27 Resolv RESOLV $ 0.0227
$ 8.97M
$ 8.97 million
+2.17%
28 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
+0.08%
29 USD Base Coin USDBC $ 1.000
$ 7.32M
$ 7.32 million
+0.08%
30 Quantoz USDQ USDQ $ 0.979
$ 5.68M
$ 5.68 million
-2.34%
31 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.10M
$ 5.10 million
-0.21%
32 Reservoir DAM $ 0.0124
$ 4.87M
$ 4.87 million
-0.56%

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

33 Curve.Fi USD Stablecoin CRVUSD $ 2.67
$ 599.87M
$ 599.87 million
+0.78%
34 Usual USD USD0 $ 0.999
$ 561.51M
$ 561.51 million
+0.08%
35 Curve.fi DAI/USDC/USDT 3CRV $ 2.58
$ 414.90M
$ 414.90 million
-7.01%
36 Mezo USD MUSD $ 2.74
$ 136.87M
$ 136.87 million
+0.61%
37 Resupply USD reUSD $ 2.71
$ 136.33M
$ 136.33 million
+0.22%
38 sUSD Synthetix SUSD $ 1.83
$ 97.46M
$ 97.46 million
-4.22%
39 Liquity USD LUSD $ 2.50
$ 88.44M
$ 88.44 million
+149.67%
40 TerraUSD UST $ 0.00657
$ 64.44M
$ 64.44 million
+12.60%
41 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.84M
$ 63.84 million
+0.21%
42 Fidelity Digital Dollar FIDD $ 1.000
$ 59.59M
$ 59.59 million
-0.02%
43 USDsui USDsui $ 1.00
$ 56.16M
$ 56.16 million
-0.02%
44 Anchored Coins EUR AEUR $ 0.853
$ 40.44M
$ 40.44 million
-25.77%
45 Gemini dollar GUSD $ 1.00
$ 37.76M
$ 37.76 million
+0.07%
46 Decentralized Social DESO $ 3.69
$ 32.76M
$ 32.76 million
-2.90%
47 Bucket Protocol BUCK Stablecoin BUCK $ 0.999
$ 25.95M
$ 25.95 million
-0.17%
48 StablR USD USDR $ 0.989
$ 21.11M
$ 21.11 million
+0.11%
49 Celo Dollar CUSD $ 0.995
$ 15.92M
$ 15.92 million
-8.97%
50 Origin Dollar OUSD $ 2.71
$ 14.01M
$ 14.01 million
-0.40%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
TerraClassicUSD USTC $ 0.00646
$ 36.01M
$ 36.01 million
+10.12%
Resolv RESOLV $ 0.0227
$ 8.97M
$ 8.97 million
+2.17%
World Liberty Financial USD USD1 $ 1.00
$ 4.56B
$ 4.56 billion
+0.28%
USDS USDS $ 1.00
$ 11.20B
$ 11.20 billion
+0.27%
Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.17%
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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