Stablecoins

241 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 $ 1.00
$ 183.99B
$ 183.99 billion
-0.01%
2 USDC USDC $ 1.000
$ 78.85B
$ 78.85 billion
-0.02%
3 USDS USDS $ 0.994
$ 11.11B
$ 11.11 billion
-0.22%
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
+0.04%
6 Dai DAI $ 1.000
$ 5.14B
$ 5.14 billion
-0.03%
7 PayPal USD PYUSD $ 1.000
$ 4.19B
$ 4.19 billion
+0.03%
8 World Liberty Financial USD USD1 $ 0.999
$ 4.05B
$ 4.05 billion
+0.04%
9 PAX Gold PAXG $ 5,106.25
$ 2.55B
$ 2.55 billion
-0.73%
10 Global Dollar USDG $ 1.000
$ 1.75B
$ 1.75 billion
+0.00%
11 Ripple USD RLUSD $ 1.00
$ 1.39B
$ 1.39 billion
+0.02%
12 USDD USDD $ 1.000
$ 1.06B
$ 1.06 billion
+0.02%
13 United Stables U $ 1.000
$ 664.74M
$ 664.74 million
+0.00%
14 TrueUSD TUSD $ 0.999
$ 493.92M
$ 493.92 million
-0.04%
15 EURC EURC $ 1.15
$ 438.87M
$ 438.87 million
-0.26%
16 First Digital USD FDUSD $ 1.00
$ 373.44M
$ 373.44 million
+0.10%
17 Legacy Frax Dollar FRAX $ 0.997
$ 275.00M
$ 275.00 million
+0.17%
18 Agora AUSD $ 0.998
$ 147.96M
$ 147.96 million
-0.01%
19 Binance USD BUSD $ 1.000
$ 55.83M
$ 55.83 million
+0.24%
20 XUSD XUSD $ 1.00
$ 47.96M
$ 47.96 million
+0.00%
21 EURITE EURI $ 1.15
$ 47.65M
$ 47.65 million
-0.27%
22 Gemini dollar GUSD $ 1.00
$ 47.09M
$ 47.09 million
-0.01%
23 Pax Dollar USDP $ 0.999
$ 45.53M
$ 45.53 million
-0.01%
24 sUSD Synthetix SUSD $ 0.855
$ 45.12M
$ 45.12 million
+5.31%
25 BOLD Stablecoin BOLD $ 1.01
$ 39.24M
$ 39.24 million
+0.07%
26 Resolv RESOLV $ 0.0938
$ 32.13M
$ 32.13 million
-14.67%
27 TerraClassicUSD USTC $ 0.00506
$ 28.26M
$ 28.26 million
+1.92%
28 Tether America USD USAT $ 1.00
$ 20.00M
$ 20.00 million
-0.75%
29 StablR Euro EURR $ 1.15
$ 12.94M
$ 12.94 million
-0.17%
30 Reservoir DAM $ 0.0353
$ 12.03M
$ 12.03 million
-4.30%
31 Worldwide USD WUSD $ 1.000
$ 11.34M
$ 11.34 million
-0.01%
32 Quantoz USDQ USDQ $ 1.000
$ 6.16M
$ 6.16 million
+0.03%
33 StablR USD USDR $ 0.999
$ 6.06M
$ 6.06 million
+0.45%

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

34 Curve.Fi USD Stablecoin CRVUSD $ 2.89
$ 764.99M
$ 764.99 million
+1.11%
35 Usual USD USD0 $ 0.999
$ 570.25M
$ 570.25 million
-0.17%
36 Curve.fi DAI/USDC/USDT 3CRV $ 1.01
$ 162.32M
$ 162.32 million
-4.72%
37 Resupply USD reUSD $ 2.32
$ 116.71M
$ 116.71 million
+0.30%
38 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.37M
$ 63.37 million
+0.03%
39 Decentralized Social DESO $ 7.11
$ 63.17M
$ 63.17 million
+9.84%
40 Anchored Coins EUR AEUR $ 1.14
$ 54.17M
$ 54.17 million
-0.46%
41 TerraUSD UST $ 0.00504
$ 49.42M
$ 49.42 million
+1.02%
42 Liquity USD LUSD $ 1.00
$ 35.54M
$ 35.54 million
+0.01%
43 Bucket Protocol BUCK Stablecoin BUCK $ 0.999
$ 25.91M
$ 25.91 million
-0.08%
44 Euro Tether EURT $ 0.494
$ 19.75M
$ 19.75 million
-27.40%
45 Celo Dollar CUSD $ 0.999
$ 14.54M
$ 14.54 million
+0.00%
46 XSGD XSGD $ 0.783
$ 13.69M
$ 13.69 million
-0.08%
47 Origin Dollar OUSD $ 1.000
$ 7.47M
$ 7.47 million
+0.09%
48 USD Base Coin USDBC $ 1.00
$ 7.11M
$ 7.11 million
+0.01%
49 Fei Protocol FEI $ 1.01
$ 3.45M
$ 3.45 million
-0.36%
50 Vai VAI $ 0.999
$ 2.55M
$ 2.55 million
-0.13%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
sUSD Synthetix SUSD $ 0.855
$ 45.12M
$ 45.12 million
+5.31%
TerraClassicUSD USTC $ 0.00506
$ 28.26M
$ 28.26 million
+1.92%
StablR USD USDR $ 0.999
$ 6.06M
$ 6.06 million
+0.45%
Binance USD BUSD $ 1.000
$ 55.83M
$ 55.83 million
+0.24%
Legacy Frax Dollar FRAX $ 0.997
$ 275.00M
$ 275.00 million
+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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