Stablecoins

229 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
$ 186.85B
$ 186.85 billion
+0.03%
2 USDC USDC $ 1.00
$ 76.35B
$ 76.35 billion
-0.02%
3 USDS USDS $ 0.997
$ 9.53B
$ 9.53 billion
-0.90%
4 Ethena USDe USDE $ 0.999
$ 6.31B
$ 6.31 billion
+0.01%
5 Dai DAI $ 1.00
$ 4.99B
$ 4.99 billion
+0.02%
6 PayPal USD PYUSD $ 1.000
$ 3.73B
$ 3.73 billion
+0.05%
7 World Liberty Financial USD USD1 $ 1.000
$ 3.22B
$ 3.22 billion
-0.13%
8 PAX Gold PAXG $ 4,474.10
$ 1.61B
$ 1.61 billion
-2.07%
9 Global Dollar USDG $ 1.00
$ 1.55B
$ 1.55 billion
+0.10%
10 Ripple USD RLUSD $ 1.00
$ 1.34B
$ 1.34 billion
+0.08%
11 First Digital USD FDUSD $ 0.999
$ 515.84M
$ 515.84 million
+0.01%
12 USDD USDD $ 0.999
$ 515.63M
$ 515.63 million
-0.03%
13 TrueUSD TUSD $ 0.998
$ 493.51M
$ 493.51 million
-0.03%
14 EURC EURC $ 1.18
$ 285.39M
$ 285.39 million
+0.08%
15 Legacy Frax Dollar FRAX $ 0.992
$ 278.11M
$ 278.11 million
-0.26%
16 Agora AUSD $ 1.00
$ 201.35M
$ 201.35 million
+0.05%
17 Curve.Fi USD Stablecoin CRVUSD $ 1.00
$ 148.23M
$ 148.23 million
+0.12%
18 DOLA DOLA $ 0.996
$ 123.97M
$ 123.97 million
-0.24%
19 sUSD Synthetix SUSD $ 0.886
$ 55.72M
$ 55.72 million
-1.71%
20 Binance USD BUSD $ 0.989
$ 55.60M
$ 55.60 million
-1.22%
21 Pax Dollar USDP $ 1.000
$ 49.55M
$ 49.55 million
+0.02%
22 EURITE EURI $ 1.18
$ 49.27M
$ 49.27 million
-0.03%
23 Gemini dollar GUSD $ 1.00
$ 46.41M
$ 46.41 million
+0.06%
24 Liquity USD LUSD $ 1.00
$ 36.90M
$ 36.90 million
+0.04%
25 TerraClassicUSD USTC $ 0.00650
$ 36.29M
$ 36.29 million
-2.35%
26 Euro Tether EURT $ 0.715
$ 28.60M
$ 28.60 million
-12.96%
27 Resolv RESOLV $ 0.0731
$ 25.57M
$ 25.57 million
-2.88%
28 XUSD XUSD $ 1.00
$ 21.50M
$ 21.50 million
+0.03%
29 StablR Euro EURR $ 1.17
$ 12.57M
$ 12.57 million
+0.09%
30 Worldwide USD WUSD $ 1.000
$ 11.75M
$ 11.75 million
-0.04%
31 USD Base Coin USDBC $ 1.000
$ 8.53M
$ 8.53 million
-0.01%
32 Reservoir DAM $ 0.0248
$ 7.61M
$ 7.61 million
-1.61%
33 StablR USD USDR $ 0.995
$ 7.26M
$ 7.26 million
+0.09%
34 Quantoz USDQ USDQ $ 1.00
$ 6.67M
$ 6.67 million
+0.22%
35 Vai VAI $ 0.989
$ 2.54M
$ 2.54 million
-1.07%

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

36 Usual USD USD0 $ 0.998
$ 558.37M
$ 558.37 million
+0.02%
37 Curve.fi DAI/USDC/USDT 3CRV $ 1.06
$ 169.33M
$ 169.33 million
+1.75%
38 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 64.00M
$ 64.00 million
+0.01%
39 TerraUSD UST $ 0.00648
$ 63.57M
$ 63.57 million
-4.91%
40 Anchored Coins EUR AEUR $ 1.15
$ 54.63M
$ 54.63 million
-0.24%
41 Resupply USD reUSD $ 0.989
$ 50.93M
$ 50.93 million
-0.32%
42 Decentralized Social DESO $ 5.02
$ 44.63M
$ 44.63 million
+0.37%
43 BOLD Stablecoin BOLD $ 0.999
$ 40.62M
$ 40.62 million
+0.01%
44 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.98M
$ 25.98 million
+0.24%
45 Celo Dollar CUSD $ 1.000
$ 15.42M
$ 15.42 million
-0.21%
46 XSGD XSGD $ 0.779
$ 13.07M
$ 13.07 million
+0.04%
47 Fei Protocol FEI $ 0.996
$ 3.34M
$ 3.34 million
+0.04%
48 BiLira TRYB $ 0.0233
$ 3.26M
$ 3.26 million
-0.28%
49 Level USD LVLUSD $ 1.000
$ 1.31M
$ 1.31 million
-0.00%
50 Origin Dollar OUSD $ 1.00
$ 536,004
$ 536,004
+0.48%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
Quantoz USDQ USDQ $ 1.00
$ 6.67M
$ 6.67 million
+0.22%
Curve.Fi USD Stablecoin CRVUSD $ 1.00
$ 148.23M
$ 148.23 million
+0.12%
Global Dollar USDG $ 1.00
$ 1.55B
$ 1.55 billion
+0.10%
StablR USD USDR $ 0.995
$ 7.26M
$ 7.26 million
+0.09%
StablR Euro EURR $ 1.17
$ 12.57M
$ 12.57 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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