Stablecoins

285 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
$ 185.00B
$ 185.00 billion
+0.00%
2 USDC USDC $ 1.00
$ 73.56B
$ 73.56 billion
+0.01%
3 USDS USDS $ 1.00
$ 10.04B
$ 10.04 billion
+0.03%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.99B
$ 8.99 billion
+0.04%
5 Dai DAI $ 1.00
$ 5.15B
$ 5.15 billion
-0.10%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.58B
$ 4.58 billion
+0.06%
7 Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
+0.81%
8 Global Dollar USDG $ 1.00
$ 2.99B
$ 2.99 billion
-0.04%
9 PayPal USD PYUSD $ 1.00
$ 2.74B
$ 2.74 billion
+0.00%
10 Ondo US Dollar Yield USDY $ 1.14
$ 2.16B
$ 2.16 billion
+0.06%
11 Falcon USD USDF $ 0.998
$ 2.05B
$ 2.05 billion
+0.20%
12 Ripple USD RLUSD $ 0.999
$ 1.90B
$ 1.90 billion
-0.06%
13 PAX Gold PAXG $ 4,009.60
$ 1.81B
$ 1.81 billion
-0.25%
14 USDD USDD $ 1.000
$ 1.38B
$ 1.38 billion
-0.01%
15 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
-0.02%
16 Gho Token GHO $ 0.999
$ 598.57M
$ 598.57 million
+0.02%
17 Usual USD USD0 $ 0.999
$ 556.75M
$ 556.75 million
-0.02%
18 TrueUSD TUSD $ 0.998
$ 493.40M
$ 493.40 million
-0.03%
19 EURC EURC $ 1.14
$ 433.56M
$ 433.56 million
-0.31%
20 First Digital USD FDUSD $ 0.998
$ 349.28M
$ 349.28 million
-0.04%
21 Legacy Frax Dollar FRAX $ 0.991
$ 237.48M
$ 237.48 million
+0.55%
22 Agora AUSD $ 0.987
$ 174.39M
$ 174.39 million
+0.16%
23 Binance USD BUSD $ 1.00
$ 55.86M
$ 55.86 million
-0.00%
24 Quantoz USDQ USDQ $ 0.982
$ 48.89M
$ 48.89 million
+0.20%
25 XUSD XUSD $ 1.00
$ 48.01M
$ 48.01 million
-0.01%
26 EURITE EURI $ 1.14
$ 47.16M
$ 47.16 million
+1.82%
27 Pax Dollar USDP $ 1.00
$ 45.58M
$ 45.58 million
-0.02%
28 Gemini dollar GUSD $ 1.00
$ 37.72M
$ 37.72 million
-0.04%
29 TerraClassicUSD USTC $ 0.00539
$ 30.04M
$ 30.04 million
-1.82%
30 Tether America USD USAT $ 0.999
$ 19.99M
$ 19.99 million
+0.01%
31 Quantoz EURQ EURQ $ 1.13
$ 15.40M
$ 15.40 million
+0.22%
32 XSGD XSGD $ 0.772
$ 11.96M
$ 11.96 million
+0.29%
33 Worldwide USD WUSD $ 0.995
$ 11.30M
$ 11.30 million
-0.03%
34 Resolv RESOLV $ 0.0187
$ 7.98M
$ 7.98 million
-6.37%
35 USD Base Coin USDBC $ 1.00
$ 6.33M
$ 6.33 million
+0.10%
36 Kyrgyz Som Stablecoin KGST $ 0.0114
$ 5.09M
$ 5.09 million
-0.20%
37 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.36M
$ 2.36 million
-0.06%

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

38 Curve.Fi USD Stablecoin CRVUSD $ 16.85
$ 2.91B
$ 2.91 billion
+3.23%
39 Curve.fi DAI/USDC/USDT 3CRV $ 17.82
$ 2.86B
$ 2.86 billion
+68.87%
40 Ethena Labs (USDTb) USDTb $ 1.000
$ 916.68M
$ 916.68 million
-0.00%
41 Mezo USD MUSD $ 16.50
$ 825.21M
$ 825.21 million
+2.84%
42 Liquity USD LUSD $ 16.76
$ 593.02M
$ 593.02 million
+63.26%
43 Resupply USD reUSD $ 9.54
$ 480.22M
$ 480.22 million
+0.35%
44 Origin Dollar OUSD $ 17.05
$ 126.14M
$ 126.14 million
+5.50%
45 USDsui USDsui $ 0.998
$ 66.76M
$ 66.76 million
-0.10%
46 OpenEden Compounding OpenDollar CUSDO $ 1.05
$ 63.93M
$ 63.93 million
+0.01%
47 Fidelity Digital Dollar FIDD $ 1.00
$ 59.63M
$ 59.63 million
-1.36%
48 Anchored Coins EUR AEUR $ 1.13
$ 53.44M
$ 53.44 million
+0.34%
49 TerraUSD UST $ 0.00537
$ 52.63M
$ 52.63 million
-2.11%
50 BOLD Stablecoin BOLD $ 1.00
$ 30.48M
$ 30.48 million
+0.01%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
EURITE EURI $ 1.14
$ 47.16M
$ 47.16 million
+1.82%
Ethena USDe USDE $ 1.000
$ 4.45B
$ 4.45 billion
+0.81%
Legacy Frax Dollar FRAX $ 0.991
$ 237.48M
$ 237.48 million
+0.55%
XSGD XSGD $ 0.772
$ 11.96M
$ 11.96 million
+0.29%
Quantoz EURQ EURQ $ 1.13
$ 15.40M
$ 15.40 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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