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 $ 1.00
$ 186.30B
$ 186.30 billion
+0.03%
2 USDC USDC $ 1.00
$ 78.42B
$ 78.42 billion
-0.01%
3 USDS USDS $ 0.996
$ 9.83B
$ 9.83 billion
+0.35%
4 Ethena USDe USDE $ 0.999
$ 6.53B
$ 6.53 billion
+0.00%
5 Dai DAI $ 1.000
$ 5.11B
$ 5.11 billion
+0.01%
6 PayPal USD PYUSD $ 0.999
$ 3.87B
$ 3.87 billion
-0.00%
7 World Liberty Financial USD USD1 $ 1.000
$ 2.72B
$ 2.72 billion
-0.00%
8 PAX Gold PAXG $ 4,356.11
$ 1.49B
$ 1.49 billion
+0.80%
9 Global Dollar USDG $ 1.000
$ 1.42B
$ 1.42 billion
+0.05%
10 Ripple USD RLUSD $ 1.000
$ 1.04B
$ 1.04 billion
+0.01%
11 First Digital USD FDUSD $ 0.999
$ 696.38M
$ 696.38 million
+0.05%
12 USDD USDD $ 1.000
$ 517.11M
$ 517.11 million
-0.02%
13 TrueUSD TUSD $ 0.995
$ 491.96M
$ 491.96 million
-0.05%
14 Legacy Frax Dollar FRAX $ 0.993
$ 281.55M
$ 281.55 million
+0.13%
15 EURC EURC $ 1.17
$ 276.99M
$ 276.99 million
+0.02%
16 Agora AUSD $ 1.000
$ 181.91M
$ 181.91 million
-0.02%
17 DOLA DOLA $ 0.998
$ 128.62M
$ 128.62 million
+0.13%
18 sUSD Synthetix SUSD $ 0.925
$ 58.11M
$ 58.11 million
-2.02%
19 Binance USD BUSD $ 1.00
$ 56.30M
$ 56.30 million
-0.17%
20 EURITE EURI $ 1.17
$ 51.07M
$ 51.07 million
+0.10%
21 Pax Dollar USDP $ 0.999
$ 49.52M
$ 49.52 million
-0.01%
22 Gemini dollar GUSD $ 1.00
$ 46.06M
$ 46.06 million
+0.02%
23 Euro Tether EURT $ 1.12
$ 44.84M
$ 44.84 million
-1.06%
24 BOLD Stablecoin BOLD $ 0.996
$ 43.03M
$ 43.03 million
+0.07%
25 TerraClassicUSD USTC $ 0.00730
$ 40.80M
$ 40.80 million
-0.59%
26 Liquity USD LUSD $ 1.00
$ 38.41M
$ 38.41 million
-0.03%
27 Resolv RESOLV $ 0.0770
$ 26.15M
$ 26.15 million
-5.11%
28 XUSD XUSD $ 1.000
$ 19.48M
$ 19.48 million
+0.00%
29 StablR Euro EURR $ 1.17
$ 13.71M
$ 13.71 million
+0.74%
30 Worldwide USD WUSD $ 1.000
$ 12.60M
$ 12.60 million
+0.00%
31 StablR USD USDR $ 1.00
$ 7.95M
$ 7.95 million
+1.93%
32 Quantoz USDQ USDQ $ 0.998
$ 6.65M
$ 6.65 million
-0.04%
33 Reservoir DAM $ 0.0194
$ 5.97M
$ 5.97 million
-13.30%

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

34 Usual USD USD0 $ 0.998
$ 564.99M
$ 564.99 million
-0.03%
35 Curve.fi DAI/USDC/USDT 3CRV $ 1.02
$ 162.64M
$ 162.64 million
-0.98%
36 Curve.Fi USD Stablecoin CRVUSD $ 0.999
$ 147.81M
$ 147.81 million
-0.17%
37 OpenEden Compounding OpenDollar CUSDO $ 1.03
$ 73.81M
$ 73.81 million
+0.02%
38 TerraUSD UST $ 0.00724
$ 70.99M
$ 70.99 million
-2.40%
39 Anchored Coins EUR AEUR $ 1.15
$ 54.70M
$ 54.70 million
-0.57%
40 Resupply USD reUSD $ 0.989
$ 51.68M
$ 51.68 million
-0.33%
41 Decentralized Social DESO $ 5.61
$ 49.83M
$ 49.83 million
+0.39%
42 Bucket Protocol BUCK Stablecoin BUCK $ 0.998
$ 25.98M
$ 25.98 million
-0.62%
43 USD Base Coin USDBC $ 2.31
$ 20.05M
$ 20.05 million
-52.92%
44 Celo Dollar CUSD $ 0.999
$ 16.09M
$ 16.09 million
-0.20%
45 XSGD XSGD $ 0.775
$ 12.81M
$ 12.81 million
+0.27%
46 Fei Protocol FEI $ 1.000
$ 3.28M
$ 3.28 million
+0.01%
47 Rupiah Token IDRT $ 0.0000590
$ 2.77M
$ 2.77 million
+0.26%
48 Level USD LVLUSD $ 1.000
$ 1.32M
$ 1.32 million
-0.00%
49 Origin Dollar OUSD $ 0.997
$ 532,510
$ 532,510
+0.03%
50 deUSD DEUSD $ 0.00252
$ 310,330
$ 310,330
+1.27%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
StablR USD USDR $ 1.00
$ 7.95M
$ 7.95 million
+1.93%
PAX Gold PAXG $ 4,356.11
$ 1.49B
$ 1.49 billion
+0.80%
StablR Euro EURR $ 1.17
$ 13.71M
$ 13.71 million
+0.74%
USDS USDS $ 0.996
$ 9.83B
$ 9.83 billion
+0.35%
Legacy Frax Dollar FRAX $ 0.993
$ 281.55M
$ 281.55 million
+0.13%
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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