Stablecoins

314 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
$ 183.12B
$ 183.12 billion
-0.00%
2 USDC USDC $ 1.00
$ 72.16B
$ 72.16 billion
+0.00%
3 USDS USDS $ 1.00
$ 9.80B
$ 9.80 billion
+0.02%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.13B
$ 9.13 billion
-2.35%
5 Dai DAI $ 1.00
$ 5.21B
$ 5.21 billion
-0.00%
6 World Liberty Financial USD USD1 $ 1.000
$ 4.00B
$ 4.00 billion
-0.02%
7 Ethena USDe USDE $ 1.00
$ 3.93B
$ 3.93 billion
+0.02%
8 Ethena Staked USDe sUSDe $ 1.25
$ 3.90B
$ 3.90 billion
+0.98%
9 Global Dollar USDG $ 0.999
$ 3.49B
$ 3.49 billion
+0.45%
10 PayPal USD PYUSD $ 1.00
$ 2.79B
$ 2.79 billion
+0.02%
11 Ondo US Dollar Yield USDY $ 1.14
$ 2.15B
$ 2.15 billion
-0.01%
12 Ripple USD RLUSD $ 0.999
$ 1.93B
$ 1.93 billion
-0.01%
13 PAX Gold PAXG $ 4,411.73
$ 1.93B
$ 1.93 billion
+0.59%
14 USDD USDD $ 1.00
$ 1.57B
$ 1.57 billion
+0.00%
15 United Stables U $ 1.000
$ 1.22B
$ 1.22 billion
+0.00%
16 Falcon USD USDF $ 0.997
$ 1.17B
$ 1.17 billion
+0.11%
17 Gho Token GHO $ 0.998
$ 697.38M
$ 697.38 million
+0.13%
18 TrueUSD TUSD $ 0.997
$ 493.08M
$ 493.08 million
+0.04%
19 EURC EURC $ 1.15
$ 452.04M
$ 452.04 million
+0.04%
20 First Digital USD FDUSD $ 1.00
$ 351.02M
$ 351.02 million
+0.01%
21 Legacy Frax Dollar FRAX $ 0.993
$ 217.85M
$ 217.85 million
+0.04%
22 Curve.Fi USD Stablecoin CRVUSD $ 0.993
$ 211.97M
$ 211.97 million
+1.77%
23 Tether America USD USAT $ 0.999
$ 185.36M
$ 185.36 million
+0.03%
24 EUR CoinVertible EURCV $ 1.15
$ 159.65M
$ 159.65 million
-0.01%
25 XUSD XUSD $ 1.00
$ 45.22M
$ 45.22 million
+0.01%
26 Binance USD BUSD $ 1.00
$ 37.81M
$ 37.81 million
-0.21%
27 EURITE EURI $ 1.16
$ 36.82M
$ 36.82 million
+0.09%
28 Gemini dollar GUSD $ 1.00
$ 30.85M
$ 30.85 million
-0.01%
29 Pax Dollar USDP $ 1.00
$ 29.66M
$ 29.66 million
-0.01%
30 TerraClassicUSD USTC $ 0.00510
$ 28.37M
$ 28.37 million
+1.62%
31 FUSD FUSD $ 1.000
$ 11.60M
$ 11.60 million
-0.00%
32 Resolv RESOLV $ 0.0167
$ 7.65M
$ 7.65 million
-2.31%
33 Quantoz USDQ USDQ $ 0.990
$ 5.68M
$ 5.68 million
+0.24%
34 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.53M
$ 5.53 million
+0.11%
35 Quantoz EURQ EURQ $ 1.13
$ 5.22M
$ 5.22 million
+0.06%
36 Bitshares BTS $ 0.00116
$ 3.49M
$ 3.49 million
+5.00%
37 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.35M
$ 2.35 million
+0.05%

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

38 Usual USD USD0 $ 0.999
$ 553.83M
$ 553.83 million
-0.05%
39 Solstice USX USX $ 1.000
$ 506.80M
$ 506.80 million
+0.00%
40 USD0 Liquid Bond bUSD0 $ 0.964
$ 489.24M
$ 489.24 million
+0.05%
41 TerraUSD UST $ 0.0393
$ 373.53M
$ 373.53 million
+656.04%
42 Ethena Labs (USDTb) USDTb $ 1.00
$ 352.59M
$ 352.59 million
-0.00%
43 Agora AUSD $ 1.000
$ 212.66M
$ 212.66 million
-0.04%
44 Alchemix USD ALUSD $ 0.952
$ 160.34M
$ 160.34 million
+2.54%
45 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 159.62M
$ 159.62 million
+0.28%
46 GUSD GUSD $ 0.999
$ 149.31M
$ 149.31 million
-0.14%
47 Frax USD FRXUSD $ 1.01
$ 113.09M
$ 113.09 million
+0.20%
48 USD Base Coin USDBC $ 12.93
$ 74.09M
$ 74.09 million
+35.16%
49 Lista USD lisUSD $ 1.000
$ 67.26M
$ 67.26 million
-0.00%
50 USDsui USDsui $ 1.00
$ 66.91M
$ 66.91 million
+0.39%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
Bitshares BTS $ 0.00116
$ 3.49M
$ 3.49 million
+5.00%
Curve.Fi USD Stablecoin CRVUSD $ 0.993
$ 211.97M
$ 211.97 million
+1.77%
TerraClassicUSD USTC $ 0.00510
$ 28.37M
$ 28.37 million
+1.62%
Ethena Staked USDe sUSDe $ 1.25
$ 3.90B
$ 3.90 billion
+0.98%
PAX Gold PAXG $ 4,411.73
$ 1.93B
$ 1.93 billion
+0.59%
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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