Portfolios

Add to New Portfolio

Stablecoins by Market Capitalization

What is a stablecoin? Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Fiat currency digital asset is the most popular use case for stablecoins. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. Benefit of this includes being able to take advantage of blockchain technology and peer-to-peer value transfer while not being exposed to high volatility such as bitcoin, ethereum, or other cryptocurrencies. Stablecoins are relatively new kind of technology and each of them comes with different implementations, liquidity, risks, and acceptance.

Stats

$161,070,788,476

Market Cap 0.0%

$37,719,093,704

Trading Volume

All Stablecoins Stablecoin Protocol JPY Stablecoin IDR Stablecoin

#	Coin		Price	24h Volume	Exchanges	Market Cap	30d

3	Tether USDT	Buy	$1.00	$28,593,474,348	342	$110,901,508,186	3.9%
6	USDC USDC	Buy	$1.00	$4,134,622,714	358	$33,499,787,017	1.6%
26	Dai DAI	Buy	$0.9995	$574,985,817	258	$5,376,302,280	6.4%
30	First Digital USD FDUSD		$0.9996	$4,116,061,169	16	$3,858,845,118	9.0%
57	Ethena USDe USDE		$0.9991	$29,707,546	7	$2,289,999,675	13.8%
127	USDD USDD		$0.9964	$2,696,390	19	$731,830,684	0.5%
137	Frax FRAX	Buy	$0.9980	$11,190,244	64	$648,120,721	0.1%
151	Tether Gold XAUT		$2,322.03	$3,269,701	27	$571,587,448	0.5%
160	TrueUSD TUSD		$1.00	$26,531,959	58	$509,640,205	2.9%
191	PAX Gold PAXG		$2,301.65	$6,329,867	39	$424,161,069	0.3%
230	PayPal USD PYUSD		$0.9994	$7,000,198	21	$327,512,460	71.1%
303	TerraClassicUSD USTC		$0.02312	$89,979,378	27	$207,465,879	7.3%
348	Alchemix USD ALUSD		$0.9724	$54,295.90	7	$162,615,063	1.4%
378	Pax Dollar USDP		$1.00	$2,953,721	28	$148,487,306	0.5%
400	STASIS EURO EURS		$1.08	$641,942	9	$133,529,906	0.8%
408	crvUSD CRVUSD		$0.9985	$9,204,966	11	$128,857,375	11.8%
458	Liquity USD LUSD		$1.00	$3,340,349	27	$109,560,416	9.2%
509	USDX USDX		$0.8229	$297,924	2	$92,088,928	6.1%
511	Gemini Dollar GUSD		$0.9994	$418,935	10	$91,381,526	29.2%
524	DOLA DOLA		$1.00	$1,501,422	18	$86,116,224	24.1%
588	BUSD BUSD	Buy	$1.00	$311,940	54	$70,289,042	0.3%
666	Lista USD LISUSD		$0.9804	$233,670	9	$55,582,309	14.1%
667	Magic Internet Money MIM		$0.9924	$103,618	40	$55,417,808	0.0%
691	GHO GHO		$0.9983	$615,845	4	$51,254,596	13.8%
705	sUSD SUSD		$0.9930	$4,269,371	12	$49,587,556	2.4%
728	Bean BEAN		$1.01	$2,665.74	1	$46,758,236	5.6%
801	XSGD XSGD		$0.7411	$15,066,283	12	$38,993,160	1.5%
810	Euro Tether EURT		$1.06	$2,906,214	27	$38,648,881	0.9%
812	TOR TOR		$2.26	$25,632.58	5	$38,549,106	68.8%
823	Celo Dollar CUSD		$1.00	$3,843,507	12	$37,156,744	3.9%
836	flexUSD FLEXUSD		$0.2185	$3.35	4	$36,353,290	-
937	BiLira TRYB		$0.03129	$1,171.21	7	$28,787,341	45.2%
972	MAI MIMATIC		$0.9780	$12,040.57	12	$26,938,193	15.0%
1041	EURA EURA		$1.07	$289,195	17	$23,247,421	23.2%
1067	Verified USD USDV		$0.9997	$2,439,855	19	$22,450,846	14.8%
1232	dForce USD USX		$0.9836	$3,991.30	15	$15,838,372	54.3%
1238	Prisma mkUSD MKUSD		$0.9903	$595,369	3	$15,723,035	21.3%
1253	Fei USD FEI		$0.9808	$1,494.13	3	$15,178,206	0.2%
1302	GYEN GYEN		$0.006445	$52,284.01	6	$13,962,208	5.1%
1370	YUSD Stablecoin YUSD		$0.9967	$52.73	2	$11,869,663	0.2%
1427	eUSD EUSD		$0.9581	$1,580.66	1	$10,413,210	35.2%
1488	HUSD HUSD		$0.04966	$2,212.62	4	$9,327,775	35.4%
1579	Origin Dollar OUSD		$0.9976	$233,733	5	$8,041,522	19.2%
1641	Celo Euro CEUR		$1.08	$615,926	6	$7,034,555	26.8%
1661	USK USK		$0.9984	$2,310,638	3	$6,852,993	19.4%
1757	Vai VAI		$0.9986	$21,252.18	6	$5,642,815	1.7%
1900	Silk SILK		$1.15	$16,763,699	2	$4,362,818	2.2%
1948	Djed DJED		$0.9991	$41,441.54	3	$4,015,310	0.8%
1993	Equilibrium EOSDT EOSDT		$0.6660	$0.4595	2	$3,591,123	-
2068	mStable USD MUSD		$0.9874	$3.42	3	$3,154,909	-
2122	CNH Tether CNHT		$0.1397	$314.40	1	$2,855,120	7.8%
2246	eUSD (OLD) EUSD		$0.9735	$536.84	1	$2,329,277	-
2262	Parallel PAR		$1.00	$2,844.66	10	$2,242,408	2.0%
2295	VNX EURO VEUR		$1.08	$59,292.98	10	$2,115,604	11.9%
2661	Sperax USD USDS		$0.9985	$16,891.58	2	$1,135,604	0.1%
2693	sEUR SEUR		$1.08	$852.44	1	$1,074,600	-
2723	Convertible JPY Token CJPY		$0.005913	$2,339.05	2	$1,017,984	406.6%
2822	SpiceUSD USDS		$0.1035	$8.17	5	$862,279	13.9%
2875	USC USC		$0.9964	$2,115.54	1	$808,973	-
3013	Zasset zUSD ZUSD		$1.00	$1.17	2	$631,870	5.9%
3162	XIDR XIDR		$0.00006244	$47,500.58	3	$473,019	0.8%
3327	BOB BOB		$0.9994	$984.18	9	$341,960	0.3%
3714	Basis Cash BAC		$0.002784	$14,576.03	2	$152,086	30.8%
3719	One Cash ONC		$0.09768	$20,155.69	2	$149,564	12.4%
3767	poundtoken GBPT		$1.26	$35,982.47	3	$133,707	4.4%
4178	Coin98 Dollar CUSD		$0.7045	$20.28	5	$32,137.46	4.1%
4307	USD Balance USDB		$0.05191	$31.79	2	$10,035.47	-
4366	Vesta Stable VST		$0.9991	$944.22	2	$1,722.76	98.9%
	JPY Coin JPYC		$0.006393	$18,906.87	9	-	0.0%
	bDollar BDO		$0.02102	$420.35	2	-	0.0%
	Utopia USD UUSD		$0.9999	$46,559.38	2	-	0.0%
	TrueCNH TCNH		$0.1234	$17.94	2	-	-
	Wrapped USTC USTC		$0.02320	$251,261	17	-	0.0%
	Jarvis Synthetic Euro JEUR		$0.9967	$1,328.06	8	-	0.0%
	Decentralized USD DUSD		$0.4436	$33,970.81	1	-	0.0%
	JPY Coin v1 JPYC		$0.007972	$119.92	6	-	0.0%
	XDAI XDAI		$1.01	$406,097	7	-	0.0%
	Iron IRON		$0.0002979	$7.49	3	-	0.0%
	Fathom Dollar FXD		$0.9992	$433,162	3	-	0.0%
	Jarvis Synthetic Swiss Franc JCHF		$0.9475	$260.30	5	-	0.0%
	Binance-Peg BUSD BUSD	Buy	$1.00	$4,120,055	53	-	0.0%
	Monerium EUR emoney EURE		$1.08	$102,324	7	-	0.0%
	SORA Synthetic USD XSTUSD		$0.4543	$181.73	2	-	0.0%
	CAD Coin CADC		$0.7545	$608.98	3	-	-
	Fraxtal Bridged FRAX (Fraxtal) FRAX	Buy	$0.9275	$182,940	3	-	0.0%
	Staked FRAX SFRAX		$1.04	$64,154.13	4	-	0.0%
	Klaytn Dai KDAI		$0.2175	$705.45	3	-	0.0%
	Zephyr Protocol Stable Dollar ZSD		$1.01	$1,314.46	3	-	0.0%
	xDollar Stablecoin XUSD		$1.06	$6.39	4	-	0.0%
	Bridged USDC (Polygon PoS Bridge) USDC.E		$0.9998	$48,196,246	34	-	0.0%
	Iron BSC IRON		$0.01306	$1.04	1	-	0.0%
	Solv Protocol stUSD STUSD		$1.04	$41.87	2	-	-
	Synth oUSD OUSD		$0.9905	$44.37	0	-	-
	Bridged Tether (Lightlink) USDT.E		-	-	0	-	-
	Bridged USDC (Lightlink) USDC.E		-	-	0	-	-

Showing 1 to 95 of 95 results

Rows

Frequently Asked Questions Show

What are Stablecoins

Stablecoins are a type of cryptocurrency pegged to a reference asset like fiat money, or other commodities like gold. Stablecoins minimize the volatility of the crypto space by maintaining their pegs. There are four major types of stablecoins: fiat-backed stablecoins, crypto-collateralized stablecoins, commodity-backed stablecoins, and algorithmic stablecoins.

Centralized Stablecoins

Fiat-backed stablecoins, like USDT and USDC, are issued by a central entity and backed by reserves that are equal or greater than their tokens in circulation. However, the reserve breakdown between USDT and USDC is quite different. In the case of USDT, this includes secured loans, corporate bonds, funds and precious metals in addition to cash and cash equivalents. On the other hand, USDC is only backed by U.S. Treasury Securities and cash deposits. Commodity-collateralized stablecoins are similar to fiat-backed stablecoins, except that they are backed by other physical assets like precious metals, oils, or real estate.

Decentralized Stablecoins

Unlike centralized stablecoins, which are issued by a central entity, decentralized stablecoins run on smart contracts, with governance input from a designated community (the DAO). DAI by MakerDao is an example of a decentralized stablecoin, and it is collateralized by other cryptocurrencies such as ETH. In order for DAI to maintain a stable price, users borrow against their locked collateral. Due to the volatility of cryptocurrencies, users must deposit collateral worth more than the value they intend to borrow, and this collateral can be liquidated by the protocol if the value decreases below a certain threshold.

Finally, there are algorithmic stablecoins. These rely on two tokens – a stablecoin and another cryptocurrency that serves as the backing of the stablecoin – and an algorithm (or smart contract) regulates the supply and demand so that the stablecoin can maintain its peg. This worked in the case of Terra’s UST and LUNA, until UST’s depeg in May 2022 resulted in arbitrageurs exchanging it for LUNA, which was then dumped on the open market, creating a freefall on both fronts.

Articles related to Stablecoins

Real World Asset Tokenization Explained: XDC Network Preferred for RWA Tokenization