Stablecoins by Market Capitalization
A stablecoin is a type of cryptocurrency that is designed to maintain a stable value by being pegged to an external reference, such as a fiat currency.
# | Coin | Price | 24h Volume | Exchanges | Market Cap | 30d | Last 30 Days Circulation | ||
---|---|---|---|---|---|---|---|---|---|
3 |
Tether
USDT
|
Buy
|
$0.9995 | $31,965,048,623 | 347 | $119,782,960,362 | 1.3% | ||
6 |
USDC
USDC
|
Buy
|
$1.00 | $3,779,231,577 | 380 | $34,738,435,906 | 1.2% | ||
21 |
Dai
DAI
|
Buy
|
$1.00 | $103,668,172 | 134 | $5,788,577,806 | 14.4% | ||
34 |
First Digital USD
FDUSD
|
$0.9993 | $4,001,469,164 | 34 | $3,195,974,497 | 25.5% | |||
42 |
Ethena USDe
USDE
|
$0.9979 | $57,319,081 | 16 | $2,439,793,900 | 9.4% | |||
100 |
USDD
USDD
|
$0.9992 | $3,592,865 | 26 | $744,745,829 | 1.4% | |||
109 |
PayPal USD
PYUSD
|
$1.00 | $46,567,760 | 30 | $692,079,955 | 19.4% | |||
116 |
Tether Gold
XAUT
|
$2,632.16 | $6,875,560 | 46 | $648,703,087 | 4.9% | |||
118 |
Frax
FRAX
|
Buy
|
$0.9971 | $36,506,156 | 58 | $647,730,294 | 0.0% | ||
138 |
PAX Gold
PAXG
|
$2,642.19 | $15,052,369 | 56 | $511,386,902 | 7.3% | |||
141 |
TrueUSD
TUSD
|
$0.9974 | $17,480,791 | 67 | $494,337,804 | 0.2% | |||
160 |
Bridged USDC (Polygon PoS Bridge)
USDC.E
|
$1.00 | $43,442,727 | 32 | $432,046,590 | 8.4% | |||
176 |
USDB
USDB
|
$0.9922 | $7,547,369 | 17 | $402,871,131 | 0.5% | |||
186 |
Binance-Peg BUSD
BUSD
|
Buy
|
$1.00 | $8,453,809 | 46 | $367,591,163 | 0.1% | ||
289 |
usdx.money USDX
USDX
|
$0.9909 | $10,650.58 | 1 | $178,427,921 | - | |||
297 |
Alchemix USD
ALUSD
|
$0.9940 | $57,034.79 | 12 | $165,753,061 | 1.4% | |||
316 |
GHO
GHO
|
$1.00 | $14,865,686 | 9 | $154,644,928 | 14.2% | |||
322 |
Elixir deUSD
DEUSD
|
$1.00 | $1,672,397 | 4 | $150,900,243 | 12.2% | |||
347 |
STASIS EURO
EURS
|
$1.09 | $1,366,641 | 11 | $135,665,620 | 0.8% | |||
373 |
TerraClassicUSD
USTC
|
$0.02048 | $10,388,308 | 29 | $119,375,038 | 25.1% | |||
390 |
DOLA
DOLA
|
$1.00 | $2,746,527 | 21 | $111,814,590 | 33.2% | |||
398 |
Pax Dollar
USDP
|
$1.00 | $2,198,727 | 34 | $107,778,222 | 2.8% | |||
491 |
USDX
USDX
|
$0.6704 | $287,741 | 2 | $75,313,149 | 8.2% | |||
525 |
Gemini Dollar
GUSD
|
$1.00 | $566,459 | 9 | $72,949,537 | 22.1% | |||
541 |
Liquity USD
LUSD
|
$0.9992 | $767,914 | 29 | $69,337,464 | 5.7% | |||
543 |
BUSD
BUSD
|
Buy
|
$0.9912 | $25,054.38 | 13 | $68,936,975 | 1.0% | ||
577 |
Anzen USDz
USDZ
|
$0.9974 | $5,780,508 | 11 | $64,696,588 | 110.7% | |||
589 |
crvUSD
CRVUSD
|
$0.9988 | $13,780,365 | 14 | $62,077,963 | 9.8% | |||
625 |
Magic Internet Money (Ethereum)
MIM
|
$0.9957 | $885.10 | 3 | $55,417,808 | 0.0% | |||
677 |
Lift Dollar
USDL
|
$1.00 | $38,931.87 | 1 | $48,218,966 | - | |||
683 |
Mountain Protocol USD
USDM
|
$0.9990 | $1,378,919 | 7 | $47,947,221 | 0.1% | |||
718 |
Societe Generale-FORGE EURCV
EURCV
|
$1.09 | $26,799.09 | 1 | $42,245,979 | 0.0% | |||
735 |
Web 3 Dollar
USD3
|
$1.02 | $141,815 | 2 | $40,398,020 | 3.2% | |||
739 |
AUSD
AUSD
|
$0.9994 | $3,855,696 | 5 | $40,320,909 | 14.5% | |||
768 |
Lista USD
LISUSD
|
$0.9942 | $1,106,592 | 9 | $37,344,765 | 0.6% | |||
794 |
Celo Dollar
CUSD
|
$1.00 | $9,697,053 | 12 | $35,575,652 | 0.0% | |||
825 |
XT Stablecoin XTUSD
XTUSD
|
$0.9998 | $4,340,545 | 1 | $32,792,449 | 0.0% | |||
869 |
flexUSD
FLEXUSD
|
$0.1812 | $1.01 | 4 | $30,137,283 | 35.6% | |||
890 |
XSGD
XSGD
|
$0.7667 | $13,120,055 | 16 | $28,687,410 | 2.8% | |||
903 |
Euro Tether
EURT
|
$1.09 | $2,854,023 | 36 | $27,826,933 | 4.9% | |||
910 |
sUSD (Optimism)
SUSD
|
$0.9910 | $5,497,971 | 7 | $27,658,045 | 24.7% | |||
917 |
MAI
MIMATIC
|
$0.9955 | $11,362.12 | 11 | $27,436,934 | 0.4% | |||
969 |
Electronic USD
EUSD
|
$0.9995 | $1,057,133 | 12 | $24,452,236 | 9.5% | |||
998 |
Gyroscope GYD
GYD
|
$1.00 | $1,558,044 | 3 | $23,202,424 | 4.5% | |||
1019 |
EURA
EURA
|
$1.09 | $129,813 | 19 | $22,142,083 | 1.8% | |||
1115 |
Orby Network USC Stablecoin
USC
|
$1.00 | $4,517,099 | 2 | $17,613,952 | 5.0% | |||
1167 |
Bean
BEAN
|
$0.4369 | $5,145.82 | 2 | $15,749,715 | - | |||
1182 |
Move Dollar
MOD
|
$0.9972 | $6,276,203 | 1 | $15,417,788 | 45.7% | |||
1205 |
BiLira
TRYB
|
$0.02920 | $928.88 | 6 | $14,801,615 | 28.9% | |||
1215 |
dForce USD
USX
|
$0.9982 | $19,176.89 | 17 | $14,566,534 | 0.8% | |||
1260 |
sUSD
SUSD
|
$0.9984 | $301,682 | 5 | $13,367,252 | 46.2% | |||
1275 |
Dyad
DYAD
|
$0.9915 | $763,204 | 2 | $12,946,971 | 26.0% | |||
1315 |
WEMIX Dollar
WEMIX$
|
$0.8358 | $328,115 | 1 | $12,166,323 | - | |||
1331 |
YUSD Stablecoin
YUSD
|
$0.9923 | $19.43 | 1 | $11,769,050 | - | |||
1357 |
Defi.money
MONEY
|
$0.9991 | $527,498 | 3 | $11,372,964 | 0.9% | |||
1400 |
GYEN
GYEN
|
$0.006638 | $4,031.49 | 5 | $10,529,891 | 4.1% | |||
1421 |
Resolv USR
USR
|
$0.9992 | $11,174.64 | 2 | $10,046,290 | 6.7% | |||
1423 |
f(x) Protocol fxUSD
FXUSD
|
$0.9993 | $310,264 | 1 | $10,041,256 | 4.5% | |||
1649 |
Resolv RLP
RLP
|
$1.05 | $2,498.56 | 1 | $6,627,903 | - | |||
1654 |
Celo Euro
CEUR
|
$1.10 | $15,231,900 | 6 | $6,617,986 | 1.1% | |||
1668 |
Fei USD
FEI
|
$0.9492 | $19.34 | 3 | $6,463,309 | 6.6% | |||
1699 |
Origin Dollar
OUSD
|
$0.9979 | $159,176 | 4 | $6,121,624 | 0.4% | |||
1796 |
HUSD
HUSD
|
$0.02731 | $1.73 | 2 | $5,128,395 | - | |||
1800 |
UXD Stablecoin
UXD
|
$1.00 | $1,901.22 | 4 | $5,113,483 | 29.9% | |||
1814 |
Diment Dollar
DD
|
$0.9994 | $604,246 | 4 | $4,996,470 | 0.1% | |||
1830 |
eUSD
EUSD
|
$1.01 | $752.01 | 1 | $4,891,465 | 0.4% | |||
1871 |
High Yield USD (Base)
HYUSD
|
$1.05 | $23,926.38 | 4 | $4,592,063 | 0.0% | |||
1878 |
Vai
VAI
|
$0.9982 | $105,100 | 6 | $4,553,930 | 0.4% | |||
1983 |
Djed
DJED
|
$0.9890 | $38,431.62 | 3 | $3,974,836 | 1.6% | |||
1997 |
Staked FRAX
SFRAX
|
$1.08 | $3,037.53 | 6 | $3,900,835 | 0.0% | |||
2001 |
Prisma mkUSD
MKUSD
|
$0.9923 | $516,569 | 3 | $3,874,329 | 2.2% | |||
2177 |
Threshold USD
THUSD
|
$0.9867 | $29,909.03 | 2 | $3,122,783 | 0.0% | |||
2213 |
ZARP Stablecoin
ZARP
|
$0.04891 | $626.70 | 5 | $2,983,929 | 0.0% | |||
2220 |
mStable USD
MUSD
|
$0.9784 | $82.58 | 3 | $2,955,446 | 2.4% | |||
2231 |
CNH Tether
CNHT
|
$0.1411 | $408.03 | 1 | $2,892,922 | 3.2% | |||
2256 |
VNX EURO
VEUR
|
$1.10 | $59,134.70 | 9 | $2,792,313 | 8.9% | |||
2309 |
USK
USK
|
$0.9759 | $43,892.34 | 3 | $2,624,402 | 8.8% | |||
2335 |
Parallel
PAR
|
$1.10 | $4,161.82 | 9 | $2,472,689 | 0.6% | |||
2365 |
Silk
SILK
|
$1.14 | $53,167.08 | 2 | $2,397,519 | 5.7% | |||
2379 |
Virtual USD
VUSD
|
$0.6383 | $4,953.99 | 2 | $2,352,763 | 95.4% | |||
2441 |
Klaytn Dai
KDAI
|
$0.1993 | $12.50 | 3 | $2,138,317 | 0.0% | |||
2488 |
StraitsX XUSD
XUSD
|
$1.00 | $1,439,361 | 2 | $2,025,774 | 0.0% | |||
2670 |
EUROe Stablecoin
EUROE
|
$1.10 | $76,755.06 | 8 | $1,570,743 | 0.3% | |||
2771 |
Verified USD
USDV
|
$0.9970 | $1,707,402 | 23 | $1,370,930 | 92.3% | |||
2818 |
Convertible JPY Token
CJPY
|
$0.006070 | $2,328.57 | 1 | $1,290,646 | 2.2% | |||
2839 |
BAI Stablecoin
BAI
|
$0.9951 | $6,961.55 | 1 | $1,248,122 | 1.3% | |||
2911 |
Sperax USD
USDS
|
$1.00 | $28,168.75 | 6 | $1,136,586 | 0.0% | |||
2956 |
sEUR
SEUR
|
$1.08 | $967.33 | 1 | $1,074,304 | - | |||
3129 |
Chain-key USDT
CKUSDT
|
$1.01 | $0.00 | 1 | $875,694 | 3.8% | |||
3161 |
Metal Dollar
XMD
|
$1.00 | $976,549 | 1 | $839,925 | 0.6% | |||
3385 |
SpiceUSD
USDS
|
$0.07288 | $122.23 | 5 | $605,597 | - | |||
3547 |
BRLA Digital BRLA
BRLA
|
$0.1782 | $174,091 | 3 | $493,767 | 32.0% | |||
3564 |
XIDR
XIDR
|
$0.00006372 | $50,097.11 | 2 | $482,367 | 1.2% | |||
3781 |
Zasset zUSD
ZUSD
|
$0.7652 | $4,988.53 | 2 | $362,177 | 20.0% | |||
3798 |
VNST Stablecoin
VNST
|
$0.00003971 | $1,981,849,902 | 1 | $353,785 | 5.4% | |||
3834 |
BOB
BOB
|
$1.00 | $101.75 | 7 | $341,921 | 0.0% | |||
4039 |
Novatti Australian Digital Dollar
AUDD
|
$0.6671 | $2,552.97 | 4 | $264,745 | 0.0% | |||
4055 |
Blox MYRC
MYRC
|
$0.2349 | $4,361.53 | 1 | $258,293 | 2.4% | |||
4082 |
USC
USC
|
$1.01 | $345.02 | 2 | $247,162 | 16.2% | |||
4135 |
Sumer.Money suUSD
SUUSD
|
$0.9685 | $4,481.89 | 3 | $226,907 | 0.0% |
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.