Stablecoins
224 coins #12 Page 2| | Coins | | | ||
|---|---|---|---|---|---|
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| The coins below are ranked lower due to missing data. Learn more | |||||
| | 51 | | $ | -59.16% | |
| | 52 | | $ | --% | |
| | 53 | | $ | --% | |
| | 54 | | $ | --% | |
| | 55 | | $ | -1.33% | |
| | 56 | | $ | -0.36% | |
| | 57 | | $ | +0.00% | |
| | 58 | | $ | +0.00% | |
| | 59 | | $ | +0.00% | |
| | 60 | | $ | -0.18% | |
| | 61 | | $ | -0.01% | |
| | 62 | | $ | +440.00% | |
| | 63 | | $ | +0.48% | |
| | 64 | | $ | -0.00% | |
| | 65 | | $ | -0.06% | |
| | 66 | | $ | +0.05% | |
| | 67 | | $ | +0.03% | |
| | 68 | | $ | +0.13% | |
| | 69 | | $ | -0.00% | |
| | 70 | | $ | -0.04% | |
| | 71 | | $ | -0.21% | |
| | 72 | | $ | -0.05% | |
| | 73 | | $ | +0.20% | |
| | 74 | | $ | -0.08% | |
| | 75 | | $ | -0.05% | |
| | 76 | | $ | +0.00% | |
| | 77 | | $ | -0.02% | |
| | 78 | | $ | -5.92% | |
| | 79 | | $ | -4.82% | |
| | 80 | | $ | -16.32% | |
| | 81 | | $ | -0.45% | |
| | 82 | | $ | -3.97% | |
| | 83 | | $ | -0.16% | |
| | 84 | | $ | -4.15% | |
| | 85 | | $ | +0.32% | |
| | 86 | | $ | -1.48% | |
| | 87 | | $ | +0.55% | |
| | 88 | | $ | +0.04% | |
| | 89 | | $ | +0.00% | |
| | 90 | | $ | +0.00% | |
| | 91 | | $ | +0.08% | |
| | 92 | | $ | -1.45% | |
| | 93 | | $ | -0.32% | |
| | 94 | | $ | -1.22% | |
| | 95 | | $ | +0.00% | |
| | 96 | | $ | -1.35% | |
| | 97 | | $ | +0.73% | |
| | 98 | | $ | -12.42% | |
| | 99 | | $ | -2.09% | |
| | 100 | | $ | -0.22% | |
Trending Stablecoins
| Coins | Price | 24h | |
|---|---|---|---|
| | | $ | -0.13% |
| | | $ | -0.02% |
| | | $ | -0.01% |
| | | $ | -0.03% |
| | | $ | +0.02% |
Top gainers
| Coins | | | |||
|---|---|---|---|---|---|
| | | $ | +0.14% | ||
| | | $ | +0.12% | ||
| | | $ | +0.08% | ||
| | | $ | +0.08% | ||
| | | $ | +0.04% | ||
| 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
- User wires $1 M to issuer’s bank → issuer mints 1 M stablecoins on-chain.
- Token trades 1:1 on exchanges; arbitrage bots keep parity.
- Redemption portal – send 1 M tokens back → receive $1 M wire (Tether, Circle) or collateral auction (Maker).
- Reserve proof – monthly attestations or real-time dashboards show 1:1 backing.
- 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.