Stablecoins

224 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
$ 186.40B
$ 186.40 billion
+0.01%
2 USDC USDC $ 1.00
$ 71.56B
$ 71.56 billion
-0.04%
3 USDS USDS $ 0.997
$ 9.27B
$ 9.27 billion
+1.08%
4 Binance-Peg BSC-USD BSC-USD $ 1.01
$ 9.07B
$ 9.07 billion
+1.00%
5 Ethena USDe USDE $ 1.00
$ 6.48B
$ 6.48 billion
+0.18%
6 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
-0.00%
7 World Liberty Financial USD USD1 $ 1.00
$ 4.92B
$ 4.92 billion
+0.02%
8 PayPal USD PYUSD $ 1.00
$ 3.75B
$ 3.75 billion
+0.00%
9 PAX Gold PAXG $ 5,300.25
$ 2.03B
$ 2.03 billion
+3.70%
10 Global Dollar USDG $ 1.00
$ 1.58B
$ 1.58 billion
+0.01%
11 Ripple USD RLUSD $ 1.00
$ 1.40B
$ 1.40 billion
-0.02%
12 USDD USDD $ 1.00
$ 1.09B
$ 1.09 billion
+0.00%
13 United Stables U $ 1.000
$ 574.88M
$ 574.88 million
+0.00%
14 First Digital USD FDUSD $ 1.00
$ 504.81M
$ 504.81 million
+0.16%
15 TrueUSD TUSD $ 0.999
$ 493.79M
$ 493.79 million
-0.09%
16 EURC EURC $ 1.20
$ 367.10M
$ 367.10 million
+0.74%
17 Legacy Frax Dollar FRAX $ 0.993
$ 274.09M
$ 274.09 million
+0.03%
18 Agora AUSD $ 1.000
$ 164.49M
$ 164.49 million
-0.10%
19 Curve.Fi USD Stablecoin CRVUSD $ 0.993
$ 146.99M
$ 146.99 million
+0.72%
20 DOLA DOLA $ 0.996
$ 133.70M
$ 133.70 million
-0.04%
21 EURITE EURI $ 1.20
$ 49.46M
$ 49.46 million
+0.88%
22 Gemini dollar GUSD $ 1.00
$ 47.12M
$ 47.12 million
-0.06%
23 Pax Dollar USDP $ 1.00
$ 45.59M
$ 45.59 million
-0.02%
24 Resolv RESOLV $ 0.120
$ 42.52M
$ 42.52 million
+3.20%
25 BOLD Stablecoin BOLD $ 1.00
$ 39.07M
$ 39.07 million
+0.05%
26 TerraClassicUSD USTC $ 0.00638
$ 35.64M
$ 35.64 million
+0.29%
27 XUSD XUSD $ 1.00
$ 25.31M
$ 25.31 million
+0.02%
28 Tether America USD USAT $ 1.00
$ 20.03M
$ 20.03 million
--%
29 XSGD XSGD $ 0.795
$ 13.97M
$ 13.97 million
+0.72%
30 StablR Euro EURR $ 1.19
$ 13.35M
$ 13.35 million
+0.77%
31 Worldwide USD WUSD $ 1.00
$ 11.35M
$ 11.35 million
+0.02%
32 Reservoir DAM $ 0.0201
$ 6.85M
$ 6.85 million
-0.97%
33 StablR USD USDR $ 1.000
$ 6.83M
$ 6.83 million
+0.07%
34 Quantoz USDQ USDQ $ 1.00
$ 6.17M
$ 6.17 million
+0.00%

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

35 Usual USD USD0 $ 0.997
$ 594.80M
$ 594.80 million
-0.06%
36 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 167.48M
$ 167.48 million
+0.79%
37 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.24M
$ 63.24 million
+0.05%
38 TerraUSD UST $ 0.00640
$ 62.75M
$ 62.75 million
-0.52%
39 Decentralized Social DESO $ 6.90
$ 61.31M
$ 61.31 million
-0.01%
40 Anchored Coins EUR AEUR $ 1.24
$ 58.81M
$ 58.81 million
+7.21%
41 Binance USD BUSD $ 1.00
$ 55.99M
$ 55.99 million
+0.29%
42 Resupply USD reUSD $ 0.994
$ 50.00M
$ 50.00 million
+0.51%
43 sUSD Synthetix SUSD $ 0.778
$ 40.82M
$ 40.82 million
-0.19%
44 Liquity USD LUSD $ 1.000
$ 35.68M
$ 35.68 million
-0.08%
45 Bucket Protocol BUCK Stablecoin BUCK $ 1.00
$ 25.96M
$ 25.96 million
+0.01%
46 Euro Tether EURT $ 0.511
$ 20.45M
$ 20.45 million
-19.27%
47 Celo Dollar CUSD $ 1.00
$ 15.42M
$ 15.42 million
+0.11%
48 Origin Dollar OUSD $ 0.992
$ 8.57M
$ 8.57 million
-0.38%
49 USD Base Coin USDBC $ 1.00
$ 7.64M
$ 7.64 million
-0.02%
50 Fei Protocol FEI $ 0.981
$ 3.34M
$ 3.34 million
-0.07%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
PAX Gold PAXG $ 5,300.25
$ 2.03B
$ 2.03 billion
+3.70%
Resolv RESOLV $ 0.120
$ 42.52M
$ 42.52 million
+3.20%
USDS USDS $ 0.997
$ 9.27B
$ 9.27 billion
+1.08%
Binance-Peg BSC-USD BSC-USD $ 1.01
$ 9.07B
$ 9.07 billion
+1.00%
EURITE EURI $ 1.20
$ 49.46M
$ 49.46 million
+0.88%
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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