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
|
$1.00 | $50,937,306,775 | 347 | $123,008,444,209 | 2.7% | ||
6 |
USDC
USDC
|
Buy
|
$1.00 | $4,142,812,733 | 385 | $37,028,704,459 | 6.6% | ||
26 |
USDS
USDS
|
$0.9951 | $5,615,644 | 7 | $5,561,365,937 | 0.0% | |||
34 |
Dai
DAI
|
Buy
|
$1.00 | $45,584,555 | 134 | $3,317,969,484 | 42.7% | ||
40 |
Ethena USDe
USDE
|
$1.00 | $47,265,714 | 16 | $2,904,842,925 | 19.1% | |||
49 |
First Digital USD
FDUSD
|
$0.9970 | $4,709,819,198 | 34 | $2,335,718,716 | 26.8% | |||
117 |
USDD
USDD
|
$1.00 | $1,882,991 | 26 | $761,961,534 | 2.4% | |||
135 |
Tether Gold
XAUT
|
$2,682.95 | $4,724,179 | 48 | $661,195,148 | 1.9% | |||
139 |
Frax
FRAX
|
Buy
|
$0.9966 | $15,548,043 | 58 | $646,038,688 | 0.2% | ||
154 |
Bridged USDC (Polygon PoS Bridge)
USDC.E
|
$1.00 | $36,519,837 | 32 | $586,343,340 | 35.8% | |||
158 |
PayPal USD
PYUSD
|
$0.9997 | $26,854,342 | 31 | $547,218,607 | 20.9% | |||
165 |
PAX Gold
PAXG
|
$2,665.18 | $13,526,640 | 58 | $527,530,991 | 3.1% | |||
170 |
TrueUSD
TUSD
|
$0.9981 | $29,128,188 | 68 | $494,012,842 | 0.0% | |||
195 |
USDB
USDB
|
$0.9931 | $18,167,038 | 17 | $403,523,939 | 0.4% | |||
210 |
Binance-Peg BUSD
BUSD
|
Buy
|
$1.00 | $8,894,703 | 46 | $367,761,416 | 0.0% | ||
327 |
usdx.money USDX
USDX
|
$1.00 | $24,840.54 | 1 | $180,096,934 | 0.9% | |||
329 |
GHO
GHO
|
$0.9973 | $4,579,965 | 9 | $176,637,973 | 14.2% | |||
351 |
Alchemix USD
ALUSD
|
$0.9921 | $57,855.29 | 12 | $165,006,267 | 0.4% | |||
356 |
Elixir deUSD
DEUSD
|
$1.00 | $546,131 | 4 | $160,974,376 | 6.6% | |||
391 |
TerraClassicUSD
USTC
|
$0.02413 | $56,261,124 | 30 | $134,069,028 | 12.4% | |||
392 |
STASIS EURO
EURS
|
$1.08 | $1,367,731 | 11 | $133,947,571 | 1.3% | |||
437 |
Pax Dollar
USDP
|
$0.9994 | $3,383,874 | 34 | $109,979,528 | 2.1% | |||
521 |
Anzen USDz
USDZ
|
$0.9956 | $5,310,873 | 13 | $86,253,192 | 32.9% | |||
560 |
DOLA
DOLA
|
$0.9959 | $4,819,560 | 21 | $77,543,163 | 30.7% | |||
598 |
Liquity USD
LUSD
|
$0.9984 | $2,480,538 | 29 | $69,424,493 | 0.2% | |||
603 |
BUSD
BUSD
|
Buy
|
$0.9989 | $51,796.51 | 13 | $68,617,092 | 0.3% | ||
611 |
Gemini Dollar
GUSD
|
$1.00 | $1,852,365 | 9 | $66,748,467 | 8.4% | |||
625 |
USDX
USDX
|
$0.5766 | $13,030.71 | 2 | $64,423,291 | 12.7% | |||
626 |
crvUSD
CRVUSD
|
$0.9962 | $10,182,592 | 14 | $64,229,448 | 3.5% | |||
676 |
Magic Internet Money (Ethereum)
MIM
|
$0.9986 | $147,205 | 3 | $55,417,808 | 0.0% | |||
732 |
Lift Dollar
USDL
|
$0.9973 | $49,865.75 | 1 | $48,244,794 | - | |||
735 |
Mountain Protocol USD
USDM
|
$1.00 | $147,761 | 8 | $47,901,030 | 0.2% | |||
743 |
Web 3 Dollar
USD3
|
$1.02 | $112,127 | 2 | $46,542,894 | - | |||
790 |
EUR CoinVertible
EURCV
|
$1.07 | $105.24 | 1 | $41,614,115 | 1.5% | |||
841 |
Lista USD
LISUSD
|
$0.9984 | $1,313,414 | 9 | $37,499,328 | 0.2% | |||
880 |
Celo Dollar
CUSD
|
$1.00 | $7,801,646 | 12 | $35,520,226 | 0.2% | |||
883 |
AUSD
AUSD
|
$0.9957 | $8,522,203 | 7 | $35,327,141 | 12.4% | |||
916 |
XT Stablecoin XTUSD
XTUSD
|
$0.9982 | $7,938,490 | 1 | $32,722,558 | 0.2% | |||
1017 |
MAI
MIMATIC
|
$1.00 | $38,329.12 | 13 | $27,523,679 | 0.4% | |||
1026 |
Euro Tether
EURT
|
$1.06 | $3,063,628 | 36 | $27,212,832 | 1.8% | |||
1053 |
XSGD
XSGD
|
$0.7561 | $20,496,884 | 16 | $25,932,487 | 9.6% | |||
1074 |
sUSD (Optimism)
SUSD
|
$1.00 | $9,038,187 | 7 | $24,805,135 | 11.1% | |||
1084 |
Gyroscope GYD
GYD
|
$0.9990 | $464,305 | 3 | $24,160,070 | 4.1% | |||
1097 |
flexUSD
FLEXUSD
|
$0.1404 | $3.18 | 4 | $23,347,386 | - | |||
1111 |
Electronic USD
EUSD
|
$0.9995 | $1,673,984 | 12 | $22,442,629 | 8.3% | |||
1139 |
EURA
EURA
|
$1.07 | $81,478.04 | 20 | $20,967,818 | 5.3% | |||
1191 |
Move Dollar
MOD
|
$1.00 | $7,838,075 | 1 | $18,982,794 | 23.1% | |||
1214 |
Orby Network USC Stablecoin
USC
|
$1.00 | $132,124 | 2 | $18,254,505 | 0.4% | |||
1320 |
Global Dollar
USDG
|
$1.00 | $2,439.34 | 1 | $15,033,211 | - | |||
1328 |
dForce USD
USX
|
$1.02 | $11,356.66 | 18 | $14,857,787 | 2.0% | |||
1424 |
WEMIX Dollar
WEMIX$
|
$0.8634 | $395,137 | 1 | $12,622,953 | 3.7% | |||
1426 |
Resolv USR
USR
|
$1.00 | $335,236 | 2 | $12,614,852 | 25.5% | |||
1460 |
YUSD Stablecoin
YUSD
|
$0.9938 | $13.19 | 1 | $11,787,084 | 0.2% | |||
1480 |
Dyad
DYAD
|
$0.9919 | $167,235 | 3 | $11,385,651 | 12.1% | |||
1492 |
BiLira
TRYB
|
$0.02921 | $5,011.35 | 6 | $11,205,767 | 24.7% | |||
1496 |
Defi.money
MONEY
|
$0.9927 | $438,214 | 4 | $11,115,454 | 2.2% | |||
1565 |
f(x) Protocol fxUSD
FXUSD
|
$0.9957 | $865,760 | 1 | $9,793,049 | 2.4% | |||
1584 |
GYEN
GYEN
|
$0.006435 | $2,439.37 | 5 | $9,536,813 | 9.6% | |||
1682 |
sUSD
SUSD
|
$1.02 | $41,795.63 | 5 | $8,285,609 | 38.0% | |||
1711 |
MNEE USD Stablecoin
MNEE
|
$0.9986 | $86,890.91 | 2 | $7,811,433 | 0.0% | |||
1733 |
Resolv RLP
RLP
|
$1.08 | $122,627 | 1 | $7,569,468 | 14.2% | |||
1787 |
Fei USD
FEI
|
$0.9982 | $65,173.06 | 3 | $7,017,436 | 8.6% | |||
1830 |
Celo Euro
CEUR
|
$1.07 | $6,479,264 | 6 | $6,465,359 | 2.2% | |||
1844 |
Origin Dollar
OUSD
|
$1.00 | $3,952.08 | 4 | $6,193,320 | 1.1% | |||
1909 |
High Yield USD (Base)
HYUSD
|
$1.06 | $655,234 | 4 | $5,650,576 | 21.8% | |||
1921 |
Sei fastUSD
FASTUSD
|
$1.02 | $4,649,806 | 3 | $5,588,963 | - | |||
1958 |
eUSD
EUSD
|
$1.00 | $952.30 | 1 | $5,384,572 | 10.1% | |||
2012 |
HUSD
HUSD
|
$0.02687 | $1.25 | 2 | $5,046,972 | - | |||
2089 |
Vai
VAI
|
$1.00 | $36,514.38 | 6 | $4,572,818 | 0.4% | |||
2103 |
Diment Dollar
DD
|
$0.9005 | $13,747.80 | 4 | $4,502,456 | - | |||
2186 |
Djed
DJED
|
$1.01 | $196,780 | 3 | $4,054,331 | 2.6% | |||
2256 |
Prisma mkUSD
MKUSD
|
$0.9948 | $117,244 | 3 | $3,695,471 | 4.6% | |||
2302 |
ZARP Stablecoin
ZARP
|
$0.05698 | $14,261.71 | 5 | $3,488,711 | 16.9% | |||
2307 |
mStable USD
MUSD
|
$1.15 | $39.06 | 4 | $3,461,081 | - | |||
2392 |
VNX EURO
VEUR
|
$1.07 | $48,520.63 | 9 | $3,065,242 | 9.8% | |||
2454 |
CNH Tether
CNHT
|
$0.1389 | $100.45 | 1 | $2,847,898 | 1.4% | |||
2494 |
Silk
SILK
|
$1.18 | $120,444 | 2 | $2,682,197 | 12.1% | |||
2568 |
Parallel
PAR
|
$1.07 | $49,960.56 | 9 | $2,398,666 | 2.9% | |||
2581 |
Virtual USD
VUSD
|
$0.6555 | $1,311.00 | 2 | $2,344,682 | - | |||
2594 |
USK
USK
|
$0.9457 | $32,554.62 | 3 | $2,323,249 | 11.5% | |||
2708 |
StraitsX XUSD
XUSD
|
$1.00 | $179,345 | 2 | $2,036,278 | 0.5% | |||
2748 |
Klaytn Dai
KDAI
|
$0.1813 | $1,205.86 | 3 | $1,948,897 | 9.1% | |||
2767 |
Threshold USD
THUSD
|
$0.9908 | $50,704.99 | 2 | $1,906,908 | 38.9% | |||
2784 |
EUROe Stablecoin
EUROE
|
$1.07 | $69,720.25 | 8 | $1,881,032 | 19.9% | |||
3045 |
Convertible JPY Token
CJPY
|
$0.006730 | $40,921.37 | 1 | $1,418,167 | 9.9% | |||
3250 |
Sperax USD
USDS
|
$0.9994 | $54,777.90 | 6 | $1,137,985 | 0.2% | |||
3422 |
BAI Stablecoin
BAI
|
$1.01 | $16,951.46 | 1 | $934,695 | 25.1% | |||
3425 |
sEUR
SEUR
|
$0.9331 | $2,377.29 | 1 | $931,912 | - | |||
3478 |
Chain-key USDT
CKUSDT
|
$1.01 | $4,187.10 | 1 | $873,733 | 0.2% | |||
3519 |
Metal Dollar
XMD
|
$0.9993 | $951,366 | 1 | $840,691 | 0.2% | |||
3581 |
Verified USD
USDV
|
$1.00 | $35,368.98 | 23 | $776,835 | 43.4% | |||
3618 |
BRLA Digital BRLA
BRLA
|
$0.1729 | $148,686 | 3 | $748,726 | 52.3% | |||
3671 |
UXD Stablecoin
UXD
|
$1.00 | $3,904.88 | 4 | $702,498 | 86.3% | |||
3812 |
Synthetix USDx
USDX
|
$1.00 | $176,879 | 5 | $586,321 | - | |||
3886 |
Novatti Australian Digital Dollar
AUDD
|
$0.6439 | $7,545.05 | 4 | $536,986 | 102.9% | |||
4070 |
eUSD (OLD)
EUSD
|
$0.9344 | $98.17 | 1 | $433,812 | - | |||
4179 |
VNST Stablecoin
VNST
|
$0.00003868 | $3,580,452,076 | 1 | $374,653 | 6.1% | |||
4252 |
BOB
BOB
|
$1.00 | $43.01 | 7 | $341,517 | 0.1% | |||
4284 |
Ironclad USD
IUSD
|
$0.9977 | $3,278.28 | 2 | $330,470 | - | |||
4531 |
Blox MYRC
MYRC
|
$0.2275 | $4,021.66 | 1 | $250,162 | 3.1% |
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.