Stablecoins

309 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 Live Price Market cap 24h
1 Tether USD USDT $ 1.00
$ 184.22B
$ 184.22 billion
+0.00%
2 USDC USDC $ 1.00
$ 73.30B
$ 73.30 billion
+0.00%
3 USDS USDS $ 1.000
$ 9.95B
$ 9.95 billion
-0.08%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.17B
$ 9.17 billion
-0.14%
5 Dai DAI $ 1.00
$ 5.30B
$ 5.30 billion
-0.05%
6 World Liberty Financial USD USD1 $ 1.000
$ 4.18B
$ 4.18 billion
+0.03%
7 Ethena USDe USDE $ 1.00
$ 4.05B
$ 4.05 billion
+0.03%
8 Ethena Staked USDe sUSDe $ 1.23
$ 3.84B
$ 3.84 billion
-0.50%
9 Global Dollar USDG $ 1.00
$ 3.26B
$ 3.26 billion
+0.27%
10 PayPal USD PYUSD $ 1.00
$ 2.90B
$ 2.90 billion
+0.02%
11 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
-0.10%
12 Ripple USD RLUSD $ 0.998
$ 1.97B
$ 1.97 billion
-0.01%
13 PAX Gold PAXG $ 4,148.61
$ 1.86B
$ 1.86 billion
+1.88%
14 USDD USDD $ 1.00
$ 1.52B
$ 1.52 billion
+0.02%
15 Falcon USD USDF $ 0.995
$ 1.25B
$ 1.25 billion
+0.05%
16 United Stables U $ 1.00
$ 1.05B
$ 1.05 billion
+0.00%
17 Gho Token GHO $ 0.999
$ 648.52M
$ 648.52 million
-0.01%
18 Usual USD USD0 $ 1.000
$ 557.08M
$ 557.08 million
+0.07%
19 TrueUSD TUSD $ 0.997
$ 492.95M
$ 492.95 million
+0.05%
20 EURC EURC $ 1.14
$ 429.70M
$ 429.70 million
+0.04%
21 First Digital USD FDUSD $ 1.00
$ 346.63M
$ 346.63 million
-0.01%
22 Curve.Fi USD Stablecoin CRVUSD $ 0.997
$ 209.71M
$ 209.71 million
+0.20%
23 Agora AUSD $ 1.000
$ 199.79M
$ 199.79 million
-0.12%
24 Tether America USD USAT $ 1.000
$ 185.41M
$ 185.41 million
-0.00%
25 XUSD XUSD $ 1.00
$ 39.53M
$ 39.53 million
-0.01%
26 Binance USD BUSD $ 1.00
$ 39.02M
$ 39.02 million
+0.11%
27 EURITE EURI $ 1.14
$ 37.42M
$ 37.42 million
-0.07%
28 TerraClassicUSD USTC $ 0.00542
$ 30.20M
$ 30.20 million
+0.15%
29 Pax Dollar USDP $ 1.00
$ 29.66M
$ 29.66 million
-0.10%
30 Gemini dollar GUSD $ 1.00
$ 29.47M
$ 29.47 million
-0.04%
31 Liquity USD LUSD $ 1.01
$ 27.75M
$ 27.75 million
+0.26%
32 Worldwide USD WUSD $ 0.997
$ 13.34M
$ 13.34 million
+0.11%
33 XSGD XSGD $ 0.775
$ 11.96M
$ 11.96 million
-0.07%
34 FUSD FUSD $ 0.999
$ 11.39M
$ 11.39 million
-0.03%
35 Resolv RESOLV $ 0.0192
$ 8.24M
$ 8.24 million
-1.42%
36 USD Base Coin USDBC $ 1.00
$ 5.94M
$ 5.94 million
+0.22%
37 Quantoz USDQ USDQ $ 0.987
$ 5.66M
$ 5.66 million
+0.27%
38 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.52M
$ 5.52 million
+0.06%
39 Quantoz EURQ EURQ $ 1.13
$ 5.21M
$ 5.21 million
+0.04%
40 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.36M
$ 2.36 million
+0.00%

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

41 TerraUSD UST $ 0.0536
$ 506.48M
$ 506.48 million
-46.71%
42 Ethena Labs (USDTb) USDTb $ 1.00
$ 354.65M
$ 354.65 million
-0.01%
43 Legacy Frax Dollar FRAX $ 0.996
$ 238.51M
$ 238.51 million
+0.54%
44 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 160.78M
$ 160.78 million
+1.73%
45 STASIS EURO EURS $ 1.22
$ 151.31M
$ 151.31 million
+0.82%
46 Lista USD lisUSD $ 1.000
$ 67.26M
$ 67.26 million
+0.04%
47 USDsui USDsui $ 1.00
$ 67.03M
$ 67.03 million
-0.14%
48 f(x) USD fxUSD $ 0.986
$ 60.60M
$ 60.60 million
-0.33%
49 Anchored Coins EUR AEUR $ 1.14
$ 54.17M
$ 54.17 million
-0.04%
50 Fidelity Digital Dollar FIDD $ 1.000
$ 48.38M
$ 48.38 million
-1.00%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
PAX Gold PAXG $ 4,148.61
$ 1.86B
$ 1.86 billion
+1.88%
Global Dollar USDG $ 1.00
$ 3.26B
$ 3.26 billion
+0.27%
Quantoz USDQ USDQ $ 0.987
$ 5.66M
$ 5.66 million
+0.27%
Liquity USD LUSD $ 1.01
$ 27.75M
$ 27.75 million
+0.26%
USD Base Coin USDBC $ 1.00
$ 5.94M
$ 5.94 million
+0.22%
All Gainers

Market Cap

$ -- --%
Pro Chart

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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