Coins: 12,858
Exchanges: 942
Market Cap: $2.074T 1.3%
24h Vol: $93.302B
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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.

2722402.738904328
Market Capitalization
1290361.1586781316
Trading Volume
New Portfolio
# Coin Price 24h Volume Exchanges Market Capitalization 30d Last 30 Days Circulation
1 $1.00 $51,681,162,357 354 $97,873,099,724 3.3% tether (USDT) 30d market cap chart
2 $1.00 $7,721,848,876 324 $27,979,525,069 9.4% usdc (USDC) 30d market cap chart
3 $1.00 $160,597,026 241 $4,914,815,562 -4.3% dai (DAI) 30d market cap chart
4 $1.00 $6,405,069,751 6 $3,121,837,775 18.0% first digital usd (FDUSD) 30d market cap chart
5 $0.9769 $72,867,184 61 $1,260,066,657 -32.5% trueusd (TUSD) 30d market cap chart
6 $0.9990 $9,545,131 23 $738,721,522 2.3% usdd (USDD) 30d market cap chart
7 $0.9993 $16,640,240 50 $649,051,372 0.4% frax (FRAX) 30d market cap chart
8 $2,022.22 $9,206,790 25 $498,840,050 0.3% tether gold (XAUT) 30d market cap chart
9 $1.00 $140,098,360 2 $409,686,769 212.7% ethena usde (USDE) 30d market cap chart
10 $2,000.07 $10,698,127 38 $404,386,997 -3.2% pax gold (PAXG) 30d market cap chart
11 $0.9995 $24,245,254 19 $304,759,508 1.7% paypal usd (PYUSD) 30d market cap chart
12 $0.03016 $40,152,883 29 $270,599,902 25.0% terraclassicusd (USTC) 30d market cap chart
13 $0.9997 $5,341,806 28 $215,317,549 -40.6% pax dollar (USDP) 30d market cap chart
14 $0.9884 $330,980 3 $165,524,792 0.2% alchemix usd (ALUSD) 30d market cap chart
15 $0.9934 $3,187,889 23 $149,571,343 1.4% liquity usd (LUSD) 30d market cap chart
16 $0.9990 $27,083,872 4 $146,182,215 33.5% crvusd (CRVUSD) 30d market cap chart
17 $1.08 $2,047,303 11 $134,323,897 -0.3% stasis euro (EURS) 30d market cap chart
18 $7.58 $37,809.72 4 $129,329,656 30.0% tor (TOR) 30d market cap chart
19 $0.8967 $359,271 2 $100,048,477 794.0% usdx (USDX) 30d market cap chart
20 $0.9959 $7,611,939 2 $96,400,465 -33.5% prisma mkusd (MKUSD) 30d market cap chart
21 $1.00 $11,980,062 114 $84,834,963 -14.7% busd (BUSD) 30d market cap chart
22 $0.9985 $5,702,354 10 $55,766,531 -5.9% susd (SUSD) 30d market cap chart
23 $0.9971 $242,739 36 $55,417,808 2.8% magic internet money (MIM) 30d market cap chart
24 $0.9937 $14,963,955 7 $53,270,540 101.0% lista usd (LISUSD) 30d market cap chart
25 $1.31 $18,011.82 12 $41,865,705 45.2% dforce usd (USX) 30d market cap chart
26 $0.9958 - 2 $41,387,683 - bean (BEAN) 30d market cap chart
27 $1.08 $3,612,904 29 $39,365,865 -0.4% euro tether (EURT) 30d market cap chart
28 $0.9998 $2,974,882 13 $39,356,174 33.5% celo dollar (CUSD) 30d market cap chart
29 $0.8942 $6,687.30 1 $35,785,612 -59.2% eusd (EUSD) 30d market cap chart
30 $0.9906 $431,168 4 $34,232,029 0.8% gho (GHO) 30d market cap chart
31 $0.03183 $2,727.75 7 $31,733,067 -52.9% bilira (TRYB) 30d market cap chart
32 $0.7421 $9,107,606 15 $31,726,093 7.8% xsgd (XSGD) 30d market cap chart
33 $0.9991 $198,506 9 $31,314,106 -14.7% gemini dollar (GUSD) 30d market cap chart
34 $0.1844 $4.89 4 $30,671,349 19.3% flexusd (FLEXUSD) 30d market cap chart
35 $0.8957 $18,621.10 32 $24,694,724 1.2% mai (MIMATIC) 30d market cap chart
36 $1.00 $15,743,861 13 $23,783,365 18.8% verified usd (USDV) 30d market cap chart
37 $1.08 $880,211 13 $21,212,231 8.6% ageur (AGEUR) 30d market cap chart
38 $0.9985 - 2 $18,623,707 - zusd (ZUSD) 30d market cap chart
39 $0.006649 $23,145.42 5 $13,816,065 1.5% gyen (GYEN) 30d market cap chart
40 $0.9972 $3,579,711 5 $13,375,509 -7.0% origin dollar (OUSD) 30d market cap chart
41 $0.9685 $12,975.87 4 $13,364,985 1.6% fei usd (FEI) 30d market cap chart
42 $0.05836 $12,424.05 5 $10,954,091 30.1% husd (HUSD) 30d market cap chart
43 $0.8809 - 4 $10,626,422 - yusd stablecoin (YUSD) 30d market cap chart
44 $1.09 $372,465 5 $10,528,671 -12.4% celo euro (CEUR) 30d market cap chart
45 $0.9976 $882,802 2 $7,273,592 24.1% usk (USK) 30d market cap chart
46 $1.00 $106,013 6 $4,704,793 -10.1% vai (VAI) 30d market cap chart
47 $1.01 - 2 $4,398,237 - eusd (old) (EUSD) 30d market cap chart
48 $1.10 $3,001,750 2 $4,116,835 12.8% silk (SILK) 30d market cap chart
49 $1.00 $252,358 2 $4,035,559 0.5% djed (DJED) 30d market cap chart
50 $1.01 $1,330.75 3 $3,263,207 1.8% mstable usd (MUSD) 30d market cap chart
51 $0.9977 $798,620 10 $3,247,226 -89.4% dola (DOLA) 30d market cap chart
52 $0.1398 $447.56 1 $2,866,126 -1.3% cnh tether (CNHT) 30d market cap chart
53 $1.07 - 1 $2,369,167 - seur (SEUR) 30d market cap chart
54 $1.08 $340,852 7 $2,337,205 80.2% vnx euro (VEUR) 30d market cap chart
55 $1.03 $2,946.19 6 $2,309,707 -0.6% parallel (PAR) 30d market cap chart
56 $0.8681 - 1 $2,283,021 - usdp stablecoin (USDP) 30d market cap chart
57 $0.4228 - 3 $2,279,634 - equilibrium eosdt (EOSDT) 30d market cap chart
58 - - 0 $1,762,295 - r (R) 30d market cap chart
59 $0.9994 $120,697 2 $1,135,496 -0.3% sperax usd (USDS) 30d market cap chart
60 $0.09769 $146.36 4 $811,729 13.1% spiceusd (USDS) 30d market cap chart
61 $1.04 $6,697.99 2 $545,234 0.9% zasset zusd (ZUSD) 30d market cap chart
62 $0.00006411 $215,674 6 $485,303 0.5% xidr (XIDR) 30d market cap chart
63 $0.9085 $756.93 4 $444,007 3.4% usdk (USDK) 30d market cap chart
64 $0.9994 $13.04 3 $380,010 -19.1% vesta stable (VST) 30d market cap chart
65 $1.00 $393.92 14 $342,434 -0.1% bob (BOB) 30d market cap chart
66 $0.004759 $18,774.79 2 $259,666 12.8% basis cash (BAC) 30d market cap chart
67 $0.006410 - 1 $203,323 - convertible jpy token (CJPY) 30d market cap chart
68 $0.1054 $21,682.18 2 $161,629 19.3% one cash (ONC) 30d market cap chart
69 $1.22 $34,984.68 3 $132,931 -92.4% poundtoken (GBPT) 30d market cap chart
70 $0.8305 - 1 $89,099.09 - statik (STATIK) 30d market cap chart
71 $0.9184 $19.78 4 $42,748.72 -15.1% coin98 dollar (CUSD) 30d market cap chart
72 $0.04532 $98.30 2 $8,762.51 35.0% usd balance (USDB) 30d market cap chart
73 $1.05 $176,447 1 - 0% xdai (XDAI) 30d market cap chart
74 $1.26 - 2 - - jarvis synthetic british pound (JGBP) 30d market cap chart
75 $1.14 $320.34 3 - 0% jarvis synthetic swiss franc (JCHF) 30d market cap chart
76 $1.05 $14.72 4 - 0% xdollar stablecoin (XUSD) 30d market cap chart
77 $0.01008 - 1 - - iron bsc (IRON) 30d market cap chart
78 $0.03015 $32,967.79 12 - 0% wrapped ustc (USTC) 30d market cap chart
79 $0.0002838 $265.29 1 - 0% iron (IRON) 30d market cap chart
80 $0.9905 - 0 - - synth ousd (OUSD) 30d market cap chart
81 $0.007088 $21.79 5 - 0% jpy coin v1 (JPYC) 30d market cap chart
82 $0.7254 - 3 - - cad coin (CADC) 30d market cap chart
83 $0.6699 $2,439.78 2 - 0% sora synthetic usd (XSTUSD) 30d market cap chart
84 $1.08 $593,127 5 - 0% monerium eur emoney (EURE) 30d market cap chart
85 $0.2388 $231,489 1 - 0% decentralized usd (DUSD) 30d market cap chart
86 $0.01951 $74.80 1 - 0% bdollar (BDO) 30d market cap chart
87 $0.006638 $56,728.21 8 - 0% jpy coin (JPYC) 30d market cap chart
88 $0.5468 $10,460.14 3 - 0% klaytn dai (KDAI) 30d market cap chart
89 $0.9995 $51,871.14 3 - 0% utopia usd (UUSD) 30d market cap chart
90 $0.1199 $176.31 1 - 0% truecnh (TCNH) 30d market cap chart
91 $1.03 $16,342.97 7 - 0% jarvis synthetic euro (JEUR) 30d market cap chart
92 $1.00 $16,469,595 44 - 0% binance-peg busd (BUSD) 30d market cap chart
93 $0.08640 - 0 - - qcash (QC) 30d market cap chart
94 - - 0 - - usds classic (USDS) 30d market cap chart
95 $0.9995 $111,063,007 33 - 0% bridged usdc (polygon pos bridge) (USDC.E) 30d market cap chart
96 $1.04 - 2 - - solv protocol stusd (STUSD) 30d market cap chart
97 - - 0 - - bridged usdc (lightlink) (USDC.E) 30d market cap chart
98 - - 0 - - bridged dai (lightlink) (DAI.E) 30d market cap chart
99 - - 0 - - bridged tether (lightlink) (USDT.E) 30d market cap chart

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.

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