Stablecoins

229 coins #13

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
$ 187.13B
$ 187.13 billion
+0.00%
2 USDC USDC $ 1.00
$ 75.41B
$ 75.41 billion
-0.01%
3 USDS USDS $ 1.01
$ 9.73B
$ 9.73 billion
+0.97%
4 Ethena USDe USDE $ 1.000
$ 6.30B
$ 6.30 billion
-0.09%
5 Dai DAI $ 1.000
$ 4.96B
$ 4.96 billion
-0.01%
6 PayPal USD PYUSD $ 1.000
$ 3.62B
$ 3.62 billion
+0.02%
7 World Liberty Financial USD USD1 $ 1.00
$ 3.31B
$ 3.31 billion
+0.06%
8 PAX Gold PAXG $ 4,432.68
$ 1.65B
$ 1.65 billion
+1.91%
9 Global Dollar USDG $ 1.00
$ 1.55B
$ 1.55 billion
+0.08%
10 Ripple USD RLUSD $ 1.00
$ 1.34B
$ 1.34 billion
-0.03%
11 USDD USDD $ 1.000
$ 515.84M
$ 515.84 million
+0.03%
12 First Digital USD FDUSD $ 1.000
$ 506.21M
$ 506.21 million
+0.05%
13 TrueUSD TUSD $ 0.997
$ 493.05M
$ 493.05 million
-0.05%
14 EURC EURC $ 1.17
$ 293.01M
$ 293.01 million
-0.19%
15 Legacy Frax Dollar FRAX $ 0.994
$ 278.61M
$ 278.61 million
-0.08%
16 Agora AUSD $ 1.000
$ 203.32M
$ 203.32 million
+0.02%
17 Curve.Fi USD Stablecoin CRVUSD $ 0.997
$ 147.61M
$ 147.61 million
-0.09%
18 DOLA DOLA $ 0.999
$ 127.17M
$ 127.17 million
-0.01%
19 Binance USD BUSD $ 1.00
$ 56.23M
$ 56.23 million
+0.00%
20 sUSD Synthetix SUSD $ 0.844
$ 53.03M
$ 53.03 million
+2.36%
21 EURITE EURI $ 1.17
$ 48.88M
$ 48.88 million
-0.35%
22 Gemini dollar GUSD $ 1.00
$ 45.78M
$ 45.78 million
-0.01%
23 Pax Dollar USDP $ 1.000
$ 45.56M
$ 45.56 million
-0.02%
24 TerraClassicUSD USTC $ 0.00680
$ 37.94M
$ 37.94 million
-0.14%
25 Resolv RESOLV $ 0.0822
$ 28.94M
$ 28.94 million
+1.13%
26 XUSD XUSD $ 1.00
$ 21.49M
$ 21.49 million
+0.00%
27 Worldwide USD WUSD $ 1.000
$ 16.24M
$ 16.24 million
-0.04%
28 StablR Euro EURR $ 1.17
$ 13.89M
$ 13.89 million
-0.02%
29 XSGD XSGD $ 0.777
$ 13.04M
$ 13.04 million
-0.08%
30 Reservoir DAM $ 0.0288
$ 8.86M
$ 8.86 million
+2.04%
31 StablR USD USDR $ 0.996
$ 7.07M
$ 7.07 million
+0.05%
32 Quantoz USDQ USDQ $ 0.998
$ 6.35M
$ 6.35 million
+0.00%

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

33 Usual USD USD0 $ 1.01
$ 570.14M
$ 570.14 million
+4.12%
34 Curve.fi DAI/USDC/USDT 3CRV $ 1.04
$ 167.70M
$ 167.70 million
+3.76%
35 TerraUSD UST $ 0.00688
$ 67.43M
$ 67.43 million
+0.56%
36 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.09M
$ 63.09 million
+0.01%
37 Anchored Coins EUR AEUR $ 1.15
$ 54.68M
$ 54.68 million
-0.09%
38 Resupply USD reUSD $ 0.990
$ 50.88M
$ 50.88 million
-0.39%
39 Decentralized Social DESO $ 5.26
$ 46.71M
$ 46.71 million
+2.35%
40 BOLD Stablecoin BOLD $ 0.999
$ 40.32M
$ 40.32 million
+0.00%
41 Liquity USD LUSD $ 1.00
$ 35.86M
$ 35.86 million
-0.01%
42 Euro Tether EURT $ 0.707
$ 28.29M
$ 28.29 million
-8.56%
43 Bucket Protocol BUCK Stablecoin BUCK $ 1.000
$ 25.92M
$ 25.92 million
+0.07%
44 Celo Dollar CUSD $ 1.00
$ 15.80M
$ 15.80 million
+0.18%
45 USD Base Coin USDBC $ 1.00
$ 8.15M
$ 8.15 million
-2.99%
46 BiLira TRYB $ 0.0233
$ 3.94M
$ 3.94 million
-0.18%
47 Fei Protocol FEI $ 0.988
$ 3.34M
$ 3.34 million
+0.20%
48 Vai VAI $ 1.00
$ 2.48M
$ 2.48 million
+0.05%
49 Level USD LVLUSD $ 1.000
$ 1.24M
$ 1.24 million
+0.01%
50 Origin Dollar OUSD $ 0.987
$ 527,359
$ 527,359
-1.58%
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Trending Stablecoins

Top gainers
Coins Price Market cap 24h
Reservoir DAM $ 0.0288
$ 8.86M
$ 8.86 million
+2.04%
sUSD Synthetix SUSD $ 0.844
$ 53.03M
$ 53.03 million
+2.36%
PAX Gold PAXG $ 4,432.68
$ 1.65B
$ 1.65 billion
+1.91%
Resolv RESOLV $ 0.0822
$ 28.94M
$ 28.94 million
+1.13%
USDS USDS $ 1.01
$ 9.73B
$ 9.73 billion
+0.97%
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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