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 | $65,674,934,570 | 345 | $119,149,007,528 | 1.8% | ||
6 |
USDC
USDC
|
Buy
|
$1.00 | $8,065,967,821 | 375 | $35,568,304,883 | 2.3% | ||
25 |
Dai
DAI
|
Buy
|
$1.00 | $77,377,208 | 134 | $4,942,327,773 | 4.8% | ||
36 |
First Digital USD
FDUSD
|
$0.9998 | $6,067,781,589 | 28 | $2,930,320,290 | 18.9% | |||
40 |
Ethena USDe
USDE
|
$0.9989 | $55,116,465 | 16 | $2,590,125,201 | 14.9% | |||
105 |
PayPal USD
PYUSD
|
$1.00 | $60,772,565 | 28 | $732,245,096 | 16.9% | |||
106 |
USDD
USDD
|
$0.9991 | $2,200,573 | 24 | $730,972,899 | 2.2% | |||
114 |
Frax
FRAX
|
Buy
|
$0.9971 | $4,652,008 | 58 | $647,624,756 | 0.1% | ||
117 |
Tether Gold
XAUT
|
$2,606.63 | $9,973,303 | 45 | $642,614,924 | 3.1% | |||
139 |
PAX Gold
PAXG
|
$2,609.01 | $13,818,131 | 55 | $497,625,325 | 5.5% | |||
140 |
TrueUSD
TUSD
|
$1.00 | $21,198,095 | 67 | $495,612,544 | 0.1% | |||
163 |
Bridged USDC (Polygon PoS Bridge)
USDC.E
|
$1.00 | $30,979,033 | 32 | $412,538,573 | 0.0% | |||
167 |
USDB
USDB
|
$0.9950 | $10,246,230 | 17 | $403,942,819 | 1.0% | |||
180 |
Binance-Peg BUSD
BUSD
|
Buy
|
$1.00 | $7,043,312 | 46 | $368,215,191 | 0.0% | ||
262 |
Quorium
QGOLD
|
$2,609.56 | $775,784 | 1 | $219,188,740 | 0.0% | |||
305 |
Alchemix USD
ALUSD
|
$0.9863 | $81,702.63 | 12 | $164,416,870 | 1.9% | |||
321 |
GHO
GHO
|
$1.00 | $11,158,599 | 9 | $150,551,546 | 28.1% | |||
330 |
Elixir deUSD
DEUSD
|
$1.00 | $3,520,827 | 4 | $145,391,480 | 20.0% | |||
340 |
STASIS EURO
EURS
|
$1.12 | $1,237,385 | 11 | $138,749,441 | 0.6% | |||
411 |
TerraClassicUSD
USTC
|
$0.01804 | $8,791,451 | 29 | $105,314,506 | 15.8% | |||
412 |
Pax Dollar
USDP
|
$1.00 | $8,676,834 | 34 | $105,310,964 | 2.6% | |||
473 |
USDX
USDX
|
$0.7897 | $269,986 | 2 | $88,100,788 | 0.1% | |||
483 |
DOLA
DOLA
|
$0.9992 | $3,420,177 | 21 | $82,558,214 | 2.4% | |||
503 |
Gemini Dollar
GUSD
|
$1.00 | $334,004 | 9 | $76,733,465 | 21.0% | |||
534 |
crvUSD
CRVUSD
|
$0.9990 | $15,219,404 | 14 | $70,199,350 | 13.7% | |||
540 |
BUSD
BUSD
|
Buy
|
$0.9983 | $3,029.08 | 13 | $69,342,908 | 0.0% | ||
558 |
Liquity USD
LUSD
|
$1.00 | $1,237,410 | 29 | $65,723,622 | 8.1% | |||
609 |
Magic Internet Money (Ethereum)
MIM
|
$0.9994 | $875,725 | 3 | $55,417,808 | 0.0% | |||
634 |
Virtual USD
VUSD
|
$0.9990 | $36,591.34 | 1 | $51,121,893 | - | |||
660 |
Lift Dollar
USDL
|
$1.00 | $40.00 | 1 | $48,080,156 | - | |||
661 |
Mountain Protocol USD
USDM
|
$1.00000 | $370,597 | 7 | $48,000,223 | 0.2% | |||
726 |
AUSD
AUSD
|
$0.9989 | $4,506,442 | 5 | $40,180,611 | 15.0% | |||
732 |
Web 3 Dollar
USD3
|
$1.01 | $1,791.18 | 2 | $39,144,889 | 0.0% | |||
743 |
Lista USD
LISUSD
|
$1.00 | $319,179 | 9 | $37,602,011 | 0.2% | |||
754 |
Societe Generale-FORGE EURCV
EURCV
|
$1.12 | $63.16 | 1 | $37,076,972 | 0.0% | |||
780 |
Celo Dollar
CUSD
|
$0.9999 | $6,814,878 | 12 | $35,524,721 | 0.4% | |||
793 |
sUSD (Optimism)
SUSD
|
$0.9853 | $3,428,405 | 7 | $34,546,467 | 0.0% | |||
814 |
Anzen USDz
USDZ
|
$0.9919 | $5,700,518 | 10 | $32,526,299 | 0.0% | |||
863 |
Euro Tether
EURT
|
$1.10 | $3,709,658 | 36 | $28,960,494 | 3.4% | |||
868 |
XSGD
XSGD
|
$0.7734 | $16,184,008 | 13 | $28,694,507 | 16.8% | |||
887 |
MAI
MIMATIC
|
$1.00 | $4,244.72 | 11 | $27,556,402 | 0.3% | |||
889 |
Electronic USD
EUSD
|
$1.00 | $1,971,382 | 11 | $27,498,003 | 23.3% | |||
944 |
sUSD
SUSD
|
$0.9965 | $3,738,156 | 5 | $23,794,687 | 6.2% | |||
954 |
Gyroscope GYD
GYD
|
$1.00 | $978,901 | 2 | $23,205,564 | 4.6% | |||
956 |
flexUSD
FLEXUSD
|
$0.1392 | $3.64 | 4 | $23,159,470 | 0.6% | |||
957 |
BiLira
TRYB
|
$0.02953 | $1,791.68 | 5 | $22,915,454 | 40.2% | |||
962 |
Bean
BEAN
|
$0.4520 | $27,227.34 | 2 | $22,800,206 | 20.3% | |||
983 |
EURA
EURA
|
$1.11 | $241,817 | 18 | $21,834,071 | 1.2% | |||
1061 |
Orby Network USC Stablecoin
USC
|
$1.02 | $5,655,808 | 2 | $18,585,752 | 1.5% | |||
1158 |
Move Dollar
MOD
|
$0.9966 | $9,485,651 | 1 | $15,125,703 | 57.5% | |||
1186 |
dForce USD
USX
|
$0.9974 | $14,602.08 | 17 | $14,484,323 | 0.6% | |||
1263 |
Dyad
DYAD
|
$1.01 | $126,042 | 2 | $12,583,905 | 0.0% | |||
1292 |
YUSD Stablecoin
YUSD
|
$0.9935 | $35.04 | 1 | $11,783,032 | 0.0% | |||
1303 |
Defi.money
MONEY
|
$0.9980 | $135,380 | 2 | $11,381,905 | 0.2% | |||
1336 |
GYEN
GYEN
|
$0.006889 | $11,845.23 | 5 | $10,930,433 | 1.2% | |||
1377 |
f(x) Protocol fxUSD
FXUSD
|
$0.9997 | $2,582,669 | 1 | $10,077,848 | 0.0% | |||
1418 |
Resolv USR
USR
|
$1.00 | $10,002.93 | 2 | $9,350,238 | - | |||
1542 |
UXD Stablecoin
UXD
|
$1.00 | $866.86 | 4 | $7,330,398 | 0.7% | |||
1586 |
Fei USD
FEI
|
$1.00 | $3,151.51 | 3 | $6,738,972 | 1.0% | |||
1587 |
Celo Euro
CEUR
|
$1.12 | $3,720,751 | 6 | $6,736,661 | 1.0% | |||
1594 |
Resolv RLP
RLP
|
$1.07 | $4,123.20 | 1 | $6,716,835 | - | |||
1646 |
Origin Dollar
OUSD
|
$0.9995 | $70,515.75 | 4 | $6,112,705 | 13.5% | |||
1767 |
Diment Dollar
DD
|
$1.00 | $691,799 | 4 | $5,001,901 | 0.1% | |||
1784 |
eUSD
EUSD
|
$1.01 | $806.91 | 1 | $4,882,272 | 10.0% | |||
1827 |
HUSD
HUSD
|
$0.02445 | $0.00 | 2 | $4,591,754 | 2.5% | |||
1835 |
Vai
VAI
|
$0.9997 | $3,290.75 | 6 | $4,565,129 | 4.6% | |||
1897 |
Djed
DJED
|
$1.01 | $115,567 | 3 | $4,072,723 | 1.1% | |||
1925 |
Prisma mkUSD
MKUSD
|
$1.00 | $20,455.39 | 3 | $3,902,711 | 10.8% | |||
2054 |
High Yield USD (Base)
HYUSD
|
$1.05 | $78,404.78 | 4 | $3,232,949 | 0.0% | |||
2105 |
mStable USD
MUSD
|
$1.00 | $74.88 | 3 | $3,027,850 | - | |||
2138 |
CNH Tether
CNHT
|
$0.1420 | $529.88 | 1 | $2,909,288 | 2.3% | |||
2174 |
USK
USK
|
$0.9853 | $92,887.53 | 3 | $2,721,236 | 31.3% | |||
2190 |
Silk
SILK
|
$1.14 | $38,818.21 | 2 | $2,651,975 | 5.0% | |||
2204 |
VNX EURO
VEUR
|
$1.12 | $82,532.57 | 9 | $2,586,973 | 0.5% | |||
2218 |
Parallel
PAR
|
$1.14 | $28,891.53 | 8 | $2,549,579 | 3.1% | |||
2380 |
StraitsX XUSD
XUSD
|
$1.00 | $93,897.40 | 2 | $2,028,009 | 0.2% | |||
2561 |
EUROe Stablecoin
EUROE
|
$1.12 | $108,765 | 8 | $1,529,494 | 9.2% | |||
2564 |
Verified USD
USDV
|
$0.9972 | $1,711,014 | 23 | $1,515,556 | 91.4% | |||
2647 |
Convertible JPY Token
CJPY
|
$0.006357 | $6,050.24 | 1 | $1,351,665 | 7.5% | |||
2699 |
BAI Stablecoin
BAI
|
$1.01 | $8,253.28 | 1 | $1,272,876 | 0.9% | |||
2792 |
Sperax USD
USDS
|
$1.00 | $19,456.37 | 3 | $1,136,758 | 2.0% | |||
2835 |
sEUR
SEUR
|
$1.10 | $767.95 | 1 | $1,092,478 | - | |||
2981 |
Chain-key USDT
CKUSDT
|
$1.01 | $335.69 | 1 | $876,644 | 0.1% | |||
3018 |
Metal Dollar
XMD
|
$0.9901 | $919,081 | 1 | $828,285 | 0.0% | |||
3094 |
ShezmuUSD
SHEZUSD
|
$1.01 | $1,493.38 | 1 | $734,299 | 4.9% | |||
3107 |
SpiceUSD
USDS
|
$0.08705 | $6.11 | 5 | $722,969 | 2.3% | |||
3270 |
BRLA Digital BRLA
BRLA
|
$0.1812 | $173,171 | 3 | $574,850 | - | |||
3312 |
KNOX Dollar
KNOX
|
$1.02 | $72,174.05 | 2 | $541,712 | 0.0% | |||
3368 |
XIDR
XIDR
|
$0.00006594 | $47,767.78 | 2 | $499,201 | 2.0% | |||
3430 |
eUSD (OLD)
EUSD
|
$0.9604 | $103.63 | 1 | $465,340 | - | |||
3557 |
Zasset zUSD
ZUSD
|
$0.8320 | $57.90 | 2 | $393,798 | - | |||
3651 |
BOB
BOB
|
$1.00 | $33.80 | 7 | $342,061 | 0.2% | |||
3652 |
VNST Stablecoin
VNST
|
$0.00003987 | $2,957,508,095 | 1 | $341,710 | 29.9% | |||
3724 |
Davos.xyz USD
DUSD
|
$0.9812 | $236.79 | 11 | $306,020 | 0.0% | |||
3735 |
USC
USC
|
$0.9923 | $647.24 | 2 | $302,243 | 18.7% | |||
3802 |
Novatti Australian Digital Dollar
AUDD
|
$0.6996 | $1,582.91 | 4 | $277,609 | 0.0% | |||
3933 |
Sumer.Money suUSD
SUUSD
|
$0.9705 | $21,223.85 | 3 | $232,777 | 0.0% | |||
4037 |
TOR
TOR
|
$0.01136 | $330.51 | 3 | $193,837 | 48.2% | |||
4072 |
Open Dollar
OD
|
$1.01 | $13,139.74 | 4 | $182,350 | 0.1% | |||
4180 |
Autonomous Secure Dollar
USSD
|
$1.00 | $1,816.95 | 3 | $156,008 | 30.2% |
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.