Stablecoins

267 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
$ 189.87B
$ 189.87 billion
+0.01%
2 USDC USDC $ 1.00
$ 76.59B
$ 76.59 billion
-0.02%
3 USDS USDS $ 0.997
$ 10.97B
$ 10.97 billion
+0.02%
4 Binance-Peg BSC-USD BSC-USD $ 1.02
$ 9.13B
$ 9.13 billion
+4.99%
5 Dai DAI $ 1.000
$ 5.14B
$ 5.14 billion
-0.04%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.37B
$ 4.37 billion
+0.04%
7 Ethena USDe USDE $ 1.00
$ 3.97B
$ 3.97 billion
-0.01%
8 PayPal USD PYUSD $ 1.00
$ 3.42B
$ 3.42 billion
+0.01%
9 Global Dollar USDG $ 1.000
$ 3.31B
$ 3.31 billion
-0.03%
10 PAX Gold PAXG $ 4,543.32
$ 2.14B
$ 2.14 billion
-3.16%
11 USDD USDD $ 1.000
$ 1.48B
$ 1.48 billion
-0.01%
12 Ripple USD RLUSD $ 1.000
$ 1.48B
$ 1.48 billion
-0.00%
13 United Stables U $ 1.00
$ 995.00M
$ 995.00 million
-0.01%
14 TrueUSD TUSD $ 1.000
$ 494.31M
$ 494.31 million
-0.01%
15 EURC EURC $ 1.16
$ 448.61M
$ 448.61 million
-0.69%
16 First Digital USD FDUSD $ 0.998
$ 399.07M
$ 399.07 million
+0.01%
17 Legacy Frax Dollar FRAX $ 0.992
$ 273.60M
$ 273.60 million
+0.14%
18 Agora AUSD $ 1.00
$ 138.23M
$ 138.23 million
+0.03%
19 Binance USD BUSD $ 1.01
$ 56.14M
$ 56.14 million
+2.26%
20 EURITE EURI $ 1.16
$ 48.05M
$ 48.05 million
-0.72%
21 XUSD XUSD $ 1.00
$ 47.96M
$ 47.96 million
-0.01%
22 Pax Dollar USDP $ 1.00
$ 45.57M
$ 45.57 million
+0.04%
23 Gemini dollar GUSD $ 1.00
$ 37.70M
$ 37.70 million
-0.00%
24 TerraClassicUSD USTC $ 0.00665
$ 37.09M
$ 37.09 million
-1.30%
25 Liquity USD LUSD $ 1.00
$ 35.57M
$ 35.57 million
+0.14%
26 BOLD Stablecoin BOLD $ 1.000
$ 35.29M
$ 35.29 million
+0.14%
27 Tether America USD USAT $ 0.999
$ 19.98M
$ 19.98 million
+0.03%
28 XSGD XSGD $ 0.783
$ 14.53M
$ 14.53 million
-0.47%
29 Resolv RESOLV $ 0.0345
$ 13.57M
$ 13.57 million
-2.61%
30 StablR Euro EURR $ 1.15
$ 12.93M
$ 12.93 million
-0.60%
31 Worldwide USD WUSD $ 0.999
$ 7.46M
$ 7.46 million
-0.01%
32 USD Base Coin USDBC $ 1.000
$ 7.05M
$ 7.05 million
-0.77%
33 StablR USD USDR $ 0.999
$ 7.01M
$ 7.01 million
-0.05%
34 Quantoz USDQ USDQ $ 1.000
$ 6.01M
$ 6.01 million
-0.03%
35 Reservoir DAM $ 0.0147
$ 5.71M
$ 5.71 million
+12.77%
36 Kyrgyz Som Stablecoin KGST $ 0.0115
$ 5.11M
$ 5.11 million
+0.17%

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

37 Curve.Fi USD Stablecoin CRVUSD $ 2.97
$ 758.67M
$ 758.67 million
-1.93%
38 Usual USD USD0 $ 0.999
$ 564.57M
$ 564.57 million
-0.00%
39 Curve.fi DAI/USDC/USDT 3CRV $ 1.03
$ 165.63M
$ 165.63 million
-1.02%
40 Resupply USD reUSD $ 3.03
$ 152.34M
$ 152.34 million
-1.30%
41 sUSD Synthetix SUSD $ 2.01
$ 106.93M
$ 106.93 million
+0.39%
42 TerraUSD UST $ 0.00662
$ 64.96M
$ 64.96 million
-0.80%
43 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.66M
$ 63.66 million
-0.02%
44 Fidelity Digital Dollar FIDD $ 0.990
$ 59.00M
$ 59.00 million
-0.55%
45 USDsui USDsui $ 1.00
$ 56.04M
$ 56.04 million
+0.08%
46 Mezo USD MUSD $ 1.10
$ 55.14M
$ 55.14 million
+6.27%
47 Anchored Coins EUR AEUR $ 1.15
$ 54.76M
$ 54.76 million
-0.41%
48 Decentralized Social DESO $ 3.74
$ 33.27M
$ 33.27 million
-1.28%
49 Bucket Protocol BUCK Stablecoin BUCK $ 0.999
$ 25.96M
$ 25.96 million
-0.02%
50 Origin Dollar OUSD $ 2.61
$ 14.19M
$ 14.19 million
-10.08%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Reservoir DAM $ 0.0147
$ 5.71M
$ 5.71 million
+12.77%
Binance-Peg BSC-USD BSC-USD $ 1.02
$ 9.13B
$ 9.13 billion
+4.99%
Binance USD BUSD $ 1.01
$ 56.14M
$ 56.14 million
+2.26%
Kyrgyz Som Stablecoin KGST $ 0.0115
$ 5.11M
$ 5.11 million
+0.17%
Liquity USD LUSD $ 1.00
$ 35.57M
$ 35.57 million
+0.14%
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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