Stablecoins

275 coins #11

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
$ 186.96B
$ 186.96 billion
+0.01%
2 USDC USDC $ 1.00
$ 75.03B
$ 75.03 billion
+0.01%
3 USDS USDS $ 1.00
$ 10.58B
$ 10.58 billion
+0.33%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.02%
5 Dai DAI $ 0.999
$ 5.14B
$ 5.14 billion
-0.09%
6 World Liberty Financial USD USD1 $ 1.00
$ 4.56B
$ 4.56 billion
+0.08%
7 Ethena USDe USDE $ 0.998
$ 4.45B
$ 4.45 billion
-0.08%
8 PayPal USD PYUSD $ 1.000
$ 2.87B
$ 2.87 billion
-0.08%
9 Global Dollar USDG $ 1.00
$ 2.60B
$ 2.60 billion
-0.00%
10 PAX Gold PAXG $ 4,114.44
$ 1.88B
$ 1.88 billion
-3.56%
11 Ripple USD RLUSD $ 1.00
$ 1.84B
$ 1.84 billion
-0.02%
12 USDD USDD $ 1.00
$ 1.36B
$ 1.36 billion
+0.02%
13 United Stables U $ 1.00
$ 1.06B
$ 1.06 billion
+0.03%
14 TrueUSD TUSD $ 1.000
$ 494.34M
$ 494.34 million
-0.00%
15 EURC EURC $ 1.16
$ 430.23M
$ 430.23 million
+0.06%
16 First Digital USD FDUSD $ 0.999
$ 339.18M
$ 339.18 million
+0.00%
17 Legacy Frax Dollar FRAX $ 0.992
$ 273.52M
$ 273.52 million
-0.18%
18 Agora AUSD $ 0.815
$ 111.58M
$ 111.58 million
-18.80%
19 Binance USD BUSD $ 1.00
$ 55.88M
$ 55.88 million
+0.09%
20 Quantoz USDQ USDQ $ 0.993
$ 49.47M
$ 49.47 million
-0.02%
21 XUSD XUSD $ 1.00
$ 47.98M
$ 47.98 million
-0.06%
22 EURITE EURI $ 1.16
$ 47.76M
$ 47.76 million
+0.00%
23 Pax Dollar USDP $ 1.00
$ 45.56M
$ 45.56 million
-0.00%
24 Gemini dollar GUSD $ 1.00
$ 37.71M
$ 37.71 million
+0.13%
25 Liquity USD LUSD $ 1.01
$ 35.64M
$ 35.64 million
-0.36%
26 TerraClassicUSD USTC $ 0.00587
$ 32.75M
$ 32.75 million
-3.75%
27 BOLD Stablecoin BOLD $ 1.00
$ 31.06M
$ 31.06 million
-0.04%
28 Tether America USD USAT $ 1.000
$ 20.00M
$ 20.00 million
-0.01%
29 XSGD XSGD $ 0.778
$ 15.11M
$ 15.11 million
+0.06%
30 Worldwide USD WUSD $ 0.997
$ 11.32M
$ 11.32 million
-0.07%
31 USD Base Coin USDBC $ 1.01
$ 6.66M
$ 6.66 million
+1.37%
32 Resolv RESOLV $ 0.0169
$ 6.62M
$ 6.62 million
-1.43%
33 Kyrgyz Som Stablecoin KGST $ 0.0115
$ 5.11M
$ 5.11 million
+0.46%

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

34 Curve.Fi USD Stablecoin CRVUSD $ 4.99
$ 926.23M
$ 926.23 million
+21.40%
35 Usual USD USD0 $ 1.00
$ 559.98M
$ 559.98 million
+0.08%
36 Resupply USD reUSD $ 5.02
$ 252.44M
$ 252.44 million
+28.32%
37 Curve.fi DAI/USDC/USDT 3CRV $ 1.02
$ 163.91M
$ 163.91 million
-4.31%
38 sUSD Synthetix SUSD $ 3.00
$ 158.79M
$ 158.79 million
+24.09%
39 USDsui USDsui $ 1.00
$ 75.20M
$ 75.20 million
-0.00%
40 OpenEden Compounding OpenDollar CUSDO $ 1.04
$ 63.29M
$ 63.29 million
-1.07%
41 Fidelity Digital Dollar FIDD $ 1.000
$ 59.60M
$ 59.60 million
-0.01%
42 TerraUSD UST $ 0.00595
$ 58.34M
$ 58.34 million
-1.99%
43 Anchored Coins EUR AEUR $ 1.15
$ 54.37M
$ 54.37 million
+0.01%
44 Mezo USD MUSD $ 0.998
$ 49.90M
$ 49.90 million
-0.01%
45 Origin Dollar OUSD $ 4.64
$ 29.51M
$ 29.51 million
+14.59%
46 Decentralized Social DESO $ 3.28
$ 29.18M
$ 29.18 million
-2.58%
47 Bucket Protocol BUCK Stablecoin BUCK $ 0.998
$ 25.91M
$ 25.91 million
+0.08%
48 StablR USD USDR $ 0.834
$ 17.80M
$ 17.80 million
+12.27%
49 Celo Dollar CUSD $ 1.06
$ 16.73M
$ 16.73 million
-5.41%
50 StablR Euro EURR $ 1.03
$ 11.52M
$ 11.52 million
+0.53%
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Trending Stablecoins

Top Gainers
Coins Live Price Market cap 24h
USD Base Coin USDBC $ 1.01
$ 6.66M
$ 6.66 million
+1.37%
Kyrgyz Som Stablecoin KGST $ 0.0115
$ 5.11M
$ 5.11 million
+0.46%
USDS USDS $ 1.00
$ 10.58B
$ 10.58 billion
+0.33%
Gemini dollar GUSD $ 1.00
$ 37.71M
$ 37.71 million
+0.13%
Binance USD BUSD $ 1.00
$ 55.88M
$ 55.88 million
+0.09%
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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