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.

4648452.301558082

Market Capitalization

1046516.8184303676

Trading Volume

Market Capitalization Market Dominance Trading Volume

#	Coin	Price	24h Volume	Exchanges	Market Capitalization	30d
1	Tether USDT	$0.999768	$20,209,341,560	445	$83,171,726,171	0.4%
2	USD Coin USDC	$1.00	$4,412,707,361	420	$25,794,308,594	-0.6%
3	Dai DAI	$0.999823	$79,959,790	223	$3,831,396,819	-3.4%
4	TrueUSD TUSD	$0.998947	$274,747,657	55	$3,509,473,917	27.3%
5	Binance USD BUSD	$1.00	$194,720,688	109	$2,404,419,686	-24.9%
6	USDD USDD	$0.998030	$21,871,527	22	$724,813,335	0.2%
7	Frax FRAX	$0.997379	$9,133,470	45	$670,071,816	-16.9%
8	Pax Dollar USDP	$0.998688	$2,204,674	24	$490,406,017	-3.7%
9	Tether Gold XAUT	$1,923.41	$4,843,217	18	$474,623,167	1.3%
10	PAX Gold PAXG	$1,913.95	$7,742,284	32	$474,560,978	0.8%
11	First Digital USD FDUSD	$0.999648	$661,989,480	2	$393,729,607	51.2%
12	Gemini Dollar GUSD	$0.998868	$258,555	7	$304,837,195	-15.5%
13	Liquity USD LUSD	$0.994655	$13,666,293	19	$275,904,985	-5.1%
14	Euro Tether EURT	$1.07	$1,838,854	21	$219,114,775	-1.6%
15	Alchemix USD ALUSD	$0.991237	$23,965.52	3	$167,404,117	-0.0%
16	STASIS EURO EURS	$1.07	$447,596	9	$133,159,648	-1.5%
17	TerraClassicUSD USTC	$0.012717207374	$4,466,133	25	$124,602,957	0.3%
18	crvUSD CRVUSD	$0.998155	$6,652,299	4	$114,377,458	0%
19	PayPal USD PYUSD	$0.999243	$2,155,413	9	$44,342,838	0%
20	Magic Internet Money MIM	$1.00	$82,707.03	28	$41,128,638	-17.1%
21	Destablecoin HAY HAY	$0.998869	$682,392	7	$38,732,154	0.0%
22	Bean BEAN	$1.00	$6,923.14	2	$35,954,544	1.5%
23	flexUSD FLEXUSD	$0.181071	$8.63	4	$35,553,254	-19.2%
24	sUSD SUSD	$0.998823	$504,454	11	$35,489,002	-5.7%
25	DOLA DOLA	$0.995456	$2,303,645	11	$34,898,994	-28.0%
26	XSGD XSGD	$0.732162	$4,250,999	14	$33,753,866	-29.8%
27	dForce USD USX	$1.01	$36,510.86	12	$32,509,504	1.1%
28	eUSD (OLD) EUSD	$1.14	$713,517	2	$30,072,682	-83.0%
29	MAI MIMATIC	$0.906617	$177,426	35	$24,992,224	-4.4%
30	BiLira TRYB	$0.036736567082	$32,270.73	6	$21,023,542	-73.8%
31	R R	$0.997584	$154,632	3	$20,752,551	-14.7%
32	ZUSD ZUSD	$0.996499	$126.22	2	$18,706,556	17.9%
33	TOR TOR	$0.984441	$935.03	4	$16,804,881	0.0%
34	Fei USD FEI	$0.964955	$4,125.98	4	$16,400,341	-49.7%
35	agEUR AGEUR	$1.06	$1,409,587	12	$16,357,795	-2.8%
36	Origin Dollar OUSD	$0.997684	$3,475,574	5	$15,928,134	-11.8%
37	Celo Euro CEUR	$1.06	$48,378.24	5	$15,308,037	-1.2%
38	GYEN GYEN	$0.006855822347	$2,564.67	4	$14,322,973	-5.6%
39	YUSD Stablecoin YUSD	$1.00	$10.67	4	$12,666,692	0.1%
40	USDX USDX	$0.944316	$316,605	2	$11,180,173	0.0%
41	WEMIX Dollar WEMIX$	$0.977033	-	2	$10,310,491	-
42	HUSD HUSD	$0.047437853695	$854.01	5	$8,909,363	-0.8%
43	Celo Dollar CUSD	$1.00	$101,135	12	$5,920,384	0.0%
44	Vesta Stable VST	$1.00	$158,776	3	$5,446,247	-9.1%
45	BOB BOB	$1.00	$169,381	14	$5,007,956	-89.9%
46	XIDR XIDR	$0.000065163311	$455,603	5	$4,381,029	0.3%
47	Vai VAI	$0.996532	$3,334.03	7	$4,091,580	-3.9%
48	Djed DJED	$1.01	$56,020.07	3	$4,075,024	-4.0%
49	sEUR SEUR	$1.07	$2,514.67	1	$3,832,515	5.9%
50	mStable USD MUSD	$0.968761	-	3	$3,446,295	-
51	CNH Tether CNHT	$0.139943	$162.93	1	$2,867,745	0.5%
52	USDP Stablecoin USDP	$0.954261	-	1	$2,510,416	-
53	Parallel PAR	$1.07	$31,662.22	6	$2,387,291	-2.1%
54	Equilibrium EOSDT EOSDT	$0.291706	-	3	$1,572,963	-
55	Sperax USD USDS	$0.996303	$66,831.16	2	$1,329,491	-10.8%
56	Coin98 Dollar CUSD	$0.995497	$502.07	3	$874,891	-3.4%
57	SpiceUSD USDS	$0.075493857543	$1,027.56	4	$627,285	-57.9%
58	USDK USDK	$0.954788	$16.80	4	$466,615	-1.0%
59	Reserve RSV	$0.997340	-	3	$426,567	-
60	Zasset zUSD ZUSD	$0.951990	$1,168.64	1	$337,365	4.2%
61	Basis Cash BAC	$0.001913898015	$25,141.69	2	$105,545	-2.5%
62	Statik STATIK	$0.830487	$0.000000000000	1	$89,099.09	0.0%
63	One Cash ONC	$0.056879066588	$25,892.41	2	$87,202.65	1.6%
64	USD Balance USDB	$0.053282651680	$409.27	2	$10,301.49	-0.3%
65	Stably USDS Classic USDSC	$1.00	-	0	-	-
66	Binance-Peg BUSD BUSD	$0.999102	$14,889,708	42	-	0%
67	Jarvis Synthetic Swiss Franc JCHF	$1.13	$24,528.67	2	-	0%
68	eUSD EUSD	$1.02	$357,332	1	-
69	xDollar Stablecoin XUSD	$1.05	$6.51	3	-	0%
70	Iron BSC IRON	$0.010235886675	-	1	-	-
71	Jarvis Synthetic Euro JEUR	$1.07	$24,665.78	6	-	0%
72	bDollar BDO	$0.018579743593	-	1	-	-
73	Synth oUSD OUSD	$0.990473	-	0	-	-
74	JPY Coin v1 JPYC	$0.008664354402	$59.91	4	-	0%
75	Wrapped USTC USTC	$0.012726944520	$8,663.28	10	-	0%
76	SORA Synthetic USD XSTUSD	$0.902730	$14,575.75	2	-	0%
77	Monerium EUR emoney EURE	$1.02	$76,804.96	2	-	0%
78	Decentralized USD DUSD	$0.195723	$151,996	1	-	0%
79	Iron IRON	$0.000098062186	$4.03	1	-	0%
80	XDAI XDAI	$1.01	$151,362	1	-	0%
81	JPY Coin JPYC	$0.006736307984	$77,010.80	7	-	0%
82	Klaytn Dai KDAI	$0.999294	$22,571.93	3	-	0%
83	Utopia USD UUSD	$0.999794	$38,340.90	3	-	0%
84	TrueCNH TCNH	$0.122055	$1,290,537	1	-
85	CAD Coin CADC	$0.744235	$2,005.16	2	-	0%
86	Offshift anonUSD ANONUSD	$1.01	$76.33	1	-	0%

Articles related to Stablecoins

Coins & Tokens

GHO: A Decentralized Multi-Collateral Stablecoin by Aave

GHO is an overcollateralized decentralized stablecoin built on the Aave protocol and pegged to the US dollar. We take a look at how it works.

Joel Agbo

July 18, 2023

Reports

2023 Q2 Crypto Industry Report

Get the full analysis of how Bitcoin, Ethereum, DeFi, NFTs & exchanges performed in Q2 2023, amid regulatory developments in a quiet market.

CoinGecko

July 18, 2023 • 5.0 (2 votes)

Analysis

How Many Types of Cryptocurrency Are There?

Find out how many types of cryptocurrencies there are & what all the 12 different types of cryptocurrency are.

Lim Yu Qian

May 31, 2023 • 4.6 (26 votes)

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.