Coinranking
Stablecoins
225 coins #12 Page 5| | Coins | | | ||
|---|---|---|---|---|---|
| | |||||
| | 201 |  eUSD eUSD | $ | --%  | |
| | 202 |  Midas Dollar MDO | $ | --%  | |
| | 203 |  USDp USDp | $ | --%  | |
| | 204 |  Meter Stable MTR | $ | --%  | |
| | 205 |  OilX Token OILX | $ | --%  | |
| | 206 |  UST (Wormhole) UST | $ | --%  | |
| | 207 |  EUROe Stablecoin EUROE | $ | --%  | |
| | 208 |  USDA USDA | $ | --%  | |
| | 209 |  Autonomous Secure Dollar USSD | $ | --%  | |
| | 210 |  ALGO ALGO | $ | --%  | |
| | 211 |  Colb USD USC | $ | --%  | |
| | 212 |  BMRUSD BMRUSD | $ | +0.14%  | |
| | 213 |  SpiceUSD USDS | $ | --%  | |
| | 214 |  Vesta Stable VST | $ | --%  | |
| | 215 |  VNDA Coin VNDA | $ | --%  | |
| | 216 |  Aave Interest bearing USDT aUSDT | $ | --%  | |
| | 217 |  BRCP TOKEN BRCP | $ | --%  | |
| | 218 |  Staked USDz SUSDZ | $ | --%  | |
| | 219 |  xDAI XDAI | $ | -2.36%  | |
| | 220 |  IRON Stablecoin IRON | $ | --%  | |
| | 221 |  Asymmetry USDaf USDAF | $ | --%  | |
| | 222 |  Plume USD pUSD | $ | --%  | |
| | 223 |  Iron BSC IRON | $ | --%  | |
| | 224 |  Lumi Finance LUA | $ | --%  | |
| | 225 |  Justice USD Coin JUSDC | $ | --%  | |
Trending Stablecoins
| Coins | Price | 24h | |
|---|---|---|---|
| |  USDS USDS | $ | +0.11%  |
| |  Tether USD USDT | $ | +0.00%  |
| |  Ethena USDe USDE | $ | +0.03%  |
| |  First Digital USD FDUSD | $ | +0.03%  |
| |  Dai DAI | $ | +0.08%  |
Top gainers
| Coins | | | |||
|---|---|---|---|---|---|
| |  USD Base Coin USDBC | $ | +14.01%  | ||
| |  PAX Gold PAXG | $ | +0.74%  | ||
| |  Binance USD BUSD | $ | +0.28%  | ||
| |  Liquity USD LUSD | $ | +0.13%  | ||
| | USDS USDS | $ | +0.11% | ||
| 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.