Stablecoins

223 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
$ 186.86B
$ 186.86 billion
+0.00%
2 USDC USDC $ 1.00
$ 72.75B
$ 72.75 billion
+0.01%
3 USDS USDS $ 0.999
$ 9.44B
$ 9.44 billion
+0.14%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.97B
$ 8.97 billion
-0.30%
5 Ethena USDe USDE $ 1.000
$ 6.47B
$ 6.47 billion
+0.02%
6 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
-0.07%
7 PayPal USD PYUSD $ 1.000
$ 3.75B
$ 3.75 billion
-0.02%
8 World Liberty Financial USD USD1 $ 1.00
$ 3.37B
$ 3.37 billion
-0.06%
9 PAX Gold PAXG $ 5,033.82
$ 1.93B
$ 1.93 billion
+1.81%
10 Global Dollar USDG $ 1.00
$ 1.62B
$ 1.62 billion
-0.01%
11 Ripple USD RLUSD $ 1.00
$ 1.40B
$ 1.40 billion
+0.07%
12 USDD USDD $ 1.000
$ 1.11B
$ 1.11 billion
-0.03%
13 United Stables U $ 1.000
$ 574.89M
$ 574.89 million
+0.01%
14 First Digital USD FDUSD $ 0.999
$ 504.10M
$ 504.10 million
-0.00%
15 TrueUSD TUSD $ 0.998
$ 493.73M
$ 493.73 million
-0.17%
16 EURC EURC $ 1.18
$ 362.80M
$ 362.80 million
+0.87%
17 Legacy Frax Dollar FRAX $ 0.991
$ 273.67M
$ 273.67 million
+0.36%
18 Agora AUSD $ 1.00
$ 166.39M
$ 166.39 million
+0.07%
19 Curve.Fi USD Stablecoin CRVUSD $ 0.975
$ 144.26M
$ 144.26 million
+1.31%
20 DOLA DOLA $ 0.998
$ 134.00M
$ 134.00 million
+0.10%
21 Binance USD BUSD $ 0.992
$ 55.37M
$ 55.37 million
-0.91%
22 EURITE EURI $ 1.18
$ 48.81M
$ 48.81 million
+0.82%
23 Gemini dollar GUSD $ 1.00
$ 47.16M
$ 47.16 million
+0.05%
24 Pax Dollar USDP $ 1.00
$ 45.60M
$ 45.60 million
-0.01%
25 BOLD Stablecoin BOLD $ 1.00
$ 39.08M
$ 39.08 million
+0.09%
26 TerraClassicUSD USTC $ 0.00658
$ 36.66M
$ 36.66 million
+2.09%
27 Resolv RESOLV $ 0.0987
$ 34.95M
$ 34.95 million
-3.89%
28 XUSD XUSD $ 1.00
$ 25.30M
$ 25.30 million
-0.01%
29 StablR Euro EURR $ 1.17
$ 13.12M
$ 13.12 million
+0.54%
30 Worldwide USD WUSD $ 1.00
$ 11.35M
$ 11.35 million
+0.03%
31 Reservoir DAM $ 0.0229
$ 7.80M
$ 7.80 million
-7.91%
32 StablR USD USDR $ 0.999
$ 6.83M
$ 6.83 million
+0.26%
33 Quantoz USDQ USDQ $ 1.00
$ 6.17M
$ 6.17 million
+0.01%

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

34 Usual USD USD0 $ 0.998
$ 595.50M
$ 595.50 million
+0.30%
35 Curve.fi DAI/USDC/USDT 3CRV $ 1.02
$ 163.31M
$ 163.31 million
-1.05%
36 TerraUSD UST $ 0.00650
$ 63.78M
$ 63.78 million
-1.12%
37 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.21M
$ 63.21 million
+0.01%
38 Decentralized Social DESO $ 6.59
$ 58.53M
$ 58.53 million
+0.97%
39 Anchored Coins EUR AEUR $ 1.15
$ 54.66M
$ 54.66 million
+0.10%
40 Resupply USD reUSD $ 0.989
$ 49.75M
$ 49.75 million
-0.19%
41 sUSD Synthetix SUSD $ 0.779
$ 40.84M
$ 40.84 million
+0.56%
42 Liquity USD LUSD $ 1.00
$ 35.70M
$ 35.70 million
+0.03%
43 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.93M
$ 25.93 million
-0.05%
44 Euro Tether EURT $ 0.523
$ 20.93M
$ 20.93 million
+2.15%
45 Celo Dollar CUSD $ 1.00
$ 14.77M
$ 14.77 million
+0.09%
46 XSGD XSGD $ 0.786
$ 12.69M
$ 12.69 million
+0.55%
47 Origin Dollar OUSD $ 0.997
$ 8.76M
$ 8.76 million
-0.05%
48 USD Base Coin USDBC $ 1.00
$ 7.66M
$ 7.66 million
-0.55%
49 Fei Protocol FEI $ 0.978
$ 3.34M
$ 3.34 million
-0.17%
50 deUSD DEUSD $ 0.00249
$ 306,731
$ 306,731
+4.89%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
TerraClassicUSD USTC $ 0.00658
$ 36.66M
$ 36.66 million
+2.09%
PAX Gold PAXG $ 5,033.82
$ 1.93B
$ 1.93 billion
+1.81%
Curve.Fi USD Stablecoin CRVUSD $ 0.975
$ 144.26M
$ 144.26 million
+1.31%
EURC EURC $ 1.18
$ 362.80M
$ 362.80 million
+0.87%
EURITE EURI $ 1.18
$ 48.81M
$ 48.81 million
+0.82%
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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