Stablecoins

244 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 Price Market cap 24h
1 Tether USD USDT $ 1.00
$ 184.29B
$ 184.29 billion
+0.09%
2 USDC USDC $ 1.00
$ 78.95B
$ 78.95 billion
+0.06%
3 USDS USDS $ 0.997
$ 11.46B
$ 11.46 billion
-0.30%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.00%
5 Ethena USDe USDE $ 0.999
$ 6.14B
$ 6.14 billion
-0.08%
6 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.10%
7 PayPal USD PYUSD $ 1.00
$ 4.07B
$ 4.07 billion
+0.07%
8 World Liberty Financial USD USD1 $ 1.00
$ 4.06B
$ 4.06 billion
+0.04%
9 PAX Gold PAXG $ 4,270.55
$ 2.15B
$ 2.15 billion
-5.19%
10 Global Dollar USDG $ 1.000
$ 1.78B
$ 1.78 billion
-0.02%
11 Ripple USD RLUSD $ 1.00
$ 1.38B
$ 1.38 billion
+0.10%
12 USDD USDD $ 0.999
$ 1.12B
$ 1.12 billion
-0.04%
13 United Stables U $ 1.00
$ 664.99M
$ 664.99 million
-0.00%
14 TrueUSD TUSD $ 0.999
$ 494.02M
$ 494.02 million
+0.09%
15 EURC EURC $ 1.15
$ 439.90M
$ 439.90 million
-0.15%
16 First Digital USD FDUSD $ 1.00
$ 385.68M
$ 385.68 million
+0.03%
17 Legacy Frax Dollar FRAX $ 0.989
$ 272.82M
$ 272.82 million
-0.51%
18 Agora AUSD $ 1.00
$ 147.45M
$ 147.45 million
+0.10%
19 Binance USD BUSD $ 1.00
$ 55.86M
$ 55.86 million
-0.14%
20 XUSD XUSD $ 1.00
$ 47.97M
$ 47.97 million
-0.05%
21 EURITE EURI $ 1.15
$ 47.75M
$ 47.75 million
-0.36%
22 Pax Dollar USDP $ 1.000
$ 45.56M
$ 45.56 million
+0.01%
23 sUSD Synthetix SUSD $ 0.746
$ 39.44M
$ 39.44 million
-7.25%
24 Gemini dollar GUSD $ 1.00
$ 35.74M
$ 35.74 million
+0.16%
25 BOLD Stablecoin BOLD $ 1.00
$ 30.54M
$ 30.54 million
+0.02%
26 TerraClassicUSD USTC $ 0.00468
$ 26.12M
$ 26.12 million
-1.65%
27 Tether America USD USAT $ 1.00
$ 20.01M
$ 20.01 million
-0.03%
28 Resolv RESOLV $ 0.0540
$ 18.59M
$ 18.59 million
+2.74%
29 StablR Euro EURR $ 1.15
$ 12.93M
$ 12.93 million
+0.10%
30 Worldwide USD WUSD $ 1.000
$ 11.34M
$ 11.34 million
+0.00%
31 Reservoir DAM $ 0.0277
$ 9.43M
$ 9.43 million
-2.31%
32 USD Base Coin USDBC $ 1.00
$ 7.12M
$ 7.12 million
+0.25%
33 StablR USD USDR $ 0.999
$ 6.32M
$ 6.32 million
+0.04%
34 Quantoz USDQ USDQ $ 1.00
$ 6.16M
$ 6.16 million
+0.03%

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

35 Curve.Fi USD Stablecoin CRVUSD $ 2.91
$ 751.98M
$ 751.98 million
+3.09%
36 Usual USD USD0 $ 1.000
$ 570.28M
$ 570.28 million
+0.15%
37 Curve.fi DAI/USDC/USDT 3CRV $ 3.13
$ 502.23M
$ 502.23 million
+2.47%
38 Resupply USD reUSD $ 2.28
$ 114.53M
$ 114.53 million
+2.45%
39 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.24M
$ 63.24 million
-0.05%
40 Anchored Coins EUR AEUR $ 1.14
$ 54.27M
$ 54.27 million
-0.23%
41 Decentralized Social DESO $ 5.36
$ 47.66M
$ 47.66 million
+0.50%
42 TerraUSD UST $ 0.00460
$ 45.14M
$ 45.14 million
-0.96%
43 Liquity USD LUSD $ 1.00
$ 35.50M
$ 35.50 million
-0.01%
44 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.93M
$ 25.93 million
+0.05%
45 XSGD XSGD $ 0.780
$ 16.75M
$ 16.75 million
-0.19%
46 Celo Dollar CUSD $ 0.999
$ 14.99M
$ 14.99 million
-0.17%
47 Origin Dollar OUSD $ 0.999
$ 7.57M
$ 7.57 million
-0.10%
48 Fei Protocol FEI $ 1.000
$ 3.41M
$ 3.41 million
+1.73%
49 Rupiah Token IDRT $ 0.0000590
$ 2.65M
$ 2.65 million
+1.89%
50 Vai VAI $ 1.00
$ 2.57M
$ 2.57 million
+0.36%
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Trending Stablecoins

Top Gainers
Coins Price Market cap 24h
Resolv RESOLV $ 0.0540
$ 18.59M
$ 18.59 million
+2.74%
USD Base Coin USDBC $ 1.00
$ 7.12M
$ 7.12 million
+0.25%
Gemini dollar GUSD $ 1.00
$ 35.74M
$ 35.74 million
+0.16%
Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
+0.10%
Agora AUSD $ 1.00
$ 147.45M
$ 147.45 million
+0.10%
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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