Stablecoins by Market Capitalization
| # | Coin | Price | 24h Volume | Exchanges | Market Cap | 30d | Last 30 Days Circulation | ||
|---|---|---|---|---|---|---|---|---|---|
| 3 |
Tether
USDT
|
Buy
|
$0.9996 | $22,712,025,035 | 341 | $110,941,143,157 | 3.9% |
|
|
| 6 |
USDC
USDC
|
Buy
|
$1.00 | $6,805,834,632 | 357 | $33,200,154,483 | 0.9% |
|
|
| 25 |
Dai
DAI
|
Buy
|
$0.9984 | $647,576,751 | 258 | $5,370,642,119 | 5.0% |
|
|
| 30 |
First Digital USD
FDUSD
|
$1.00000 | $7,313,617,472 | 16 | $3,862,164,874 | 9.6% |
|
||
| 56 |
Ethena USDe
USDE
|
$0.9987 | $51,701,493 | 7 | $2,289,617,408 | 12.4% |
|
||
| 125 |
USDD
USDD
|
$0.9958 | $4,902,553 | 19 | $730,546,791 | 0.9% |
|
||
| 133 |
Frax
FRAX
|
Buy
|
$0.9974 | $13,195,849 | 64 | $648,226,453 | 0.6% |
|
|
| 148 |
Tether Gold
XAUT
|
$2,325.04 | $10,893,855 | 27 | $573,264,815 | 0.4% |
|
||
| 156 |
TrueUSD
TUSD
|
$0.9992 | $32,954,262 | 58 | $509,303,386 | 3.3% |
|
||
| 185 |
PAX Gold
PAXG
|
$2,302.70 | $8,550,917 | 39 | $424,984,149 | 0.9% |
|
||
| 206 |
PayPal USD
PYUSD
|
$0.9991 | $8,698,029 | 21 | $352,688,855 | 84.7% |
|
||
| 306 |
TerraClassicUSD
USTC
|
$0.02161 | $68,140,201 | 27 | $193,624,552 | 15.7% |
|
||
| 340 |
Alchemix USD
ALUSD
|
$0.9728 | $188,299 | 7 | $162,896,451 | 0.8% |
|
||
| 373 |
Pax Dollar
USDP
|
$1.00 | $4,286,994 | 28 | $143,342,641 | 2.9% |
|
||
| 394 |
STASIS EURO
EURS
|
$1.07 | $728,539 | 9 | $133,223,781 | 0.9% |
|
||
| 402 |
crvUSD
CRVUSD
|
$0.9983 | $15,550,806 | 12 | $129,120,862 | 10.9% |
|
||
| 447 |
Liquity USD
LUSD
|
$0.9971 | $1,437,407 | 27 | $109,618,390 | 5.8% |
|
||
| 502 |
USDX
USDX
|
$0.8208 | $292,751 | 2 | $92,078,100 | 6.5% |
|
||
| 503 |
Gemini Dollar
GUSD
|
$0.9986 | $1,654,363 | 10 | $90,575,268 | 29.8% |
|
||
| 514 |
DOLA
DOLA
|
$1.00 | $2,203,553 | 18 | $86,054,307 | 24.8% |
|
||
| 572 |
BUSD
BUSD
|
Buy
|
$1.00 | $299,318 | 54 | $70,610,449 | 0.4% |
|
|
| 651 |
Lista USD
LISUSD
|
$0.9822 | $435,352 | 9 | $55,709,540 | 13.7% |
|
||
| 655 |
Magic Internet Money
MIM
|
$0.9848 | $132,477 | 31 | $55,417,808 | 0.0% |
|
||
| 686 |
GHO
GHO
|
$0.9967 | $4,670,743 | 4 | $50,643,960 | 12.9% |
|
||
| 694 |
sUSD
SUSD
|
$0.9916 | $1,635,650 | 12 | $49,604,891 | 3.2% |
|
||
| 737 |
Bean
BEAN
|
$0.9496 | $8,470.43 | 1 | $44,150,821 | 0.6% |
|
||
| 791 |
Euro Tether
EURT
|
$1.07 | $3,477,563 | 27 | $38,774,661 | 0.5% |
|
||
| 792 |
TOR
TOR
|
$2.26 | $330.72 | 5 | $38,595,990 | 67.7% |
|
||
| 807 |
flexUSD
FLEXUSD
|
$0.2235 | $119.23 | 4 | $37,184,380 | 38.5% |
|
||
| 812 |
XSGD
XSGD
|
$0.7401 | $15,553,794 | 12 | $36,950,384 | 6.2% |
|
||
| 818 |
Celo Dollar
CUSD
|
$0.9944 | $1,772,523 | 12 | $36,323,266 | 5.4% |
|
||
| 835 |
BiLira
TRYB
|
$0.02995 | $1,100.38 | 7 | $35,085,572 | 33.8% |
|
||
| 953 |
MAI
MIMATIC
|
$0.9878 | $212,987 | 12 | $27,250,756 | 16.9% |
|
||
| 1032 |
EURA
EURA
|
$1.07 | $341,674 | 17 | $23,236,055 | 23.7% |
|
||
| 1049 |
Verified USD
USDV
|
$0.9991 | $2,666,481 | 19 | $22,434,976 | 14.2% |
|
||
| 1201 |
dForce USD
USX
|
$1.02 | $24,497.71 | 15 | $16,413,635 | 52.0% |
|
||
| 1235 |
Fei USD
FEI
|
$0.9917 | $107,772 | 3 | $15,350,202 | 2.3% |
|
||
| 1242 |
Prisma mkUSD
MKUSD
|
$0.9917 | $1,910,767 | 3 | $15,130,002 | 24.6% |
|
||
| 1286 |
GYEN
GYEN
|
$0.006427 | $53,036.33 | 6 | $13,928,210 | 5.5% |
|
||
| 1366 |
YUSD Stablecoin
YUSD
|
$0.9945 | $56.73 | 2 | $11,850,588 | 0.2% |
|
||
| 1422 |
eUSD
EUSD
|
$0.9588 | $9,634.56 | 1 | $10,420,672 | 35.1% |
|
||
| 1527 |
HUSD
HUSD
|
$0.04579 | $664.22 | 4 | $8,602,543 | 41.3% |
|
||
| 1572 |
Origin Dollar
OUSD
|
$0.9974 | $181,268 | 5 | $8,040,721 | 18.2% |
|
||
| 1624 |
Celo Euro
CEUR
|
$1.07 | $625,486 | 6 | $6,996,895 | 26.7% |
|
||
| 1634 |
USK
USK
|
$0.9985 | $272,560 | 3 | $6,918,399 | 18.9% |
|
||
| 1760 |
Vai
VAI
|
$1.00 | $247,492 | 6 | $5,517,759 | 3.8% |
|
||
| 1895 |
Silk
SILK
|
$1.14 | $686,389 | 2 | $4,333,138 | 1.4% |
|
||
| 1943 |
Djed
DJED
|
$0.9893 | $48,493.77 | 3 | $3,983,039 | 1.1% |
|
||
| 1992 |
Equilibrium EOSDT
EOSDT
|
$0.6660 | $0.4595 | 2 | $3,591,123 | - |
|
||
| 2061 |
mStable USD
MUSD
|
$0.9874 | $3.42 | 3 | $3,154,909 | - |
|
||
| 2105 |
CNH Tether
CNHT
|
$0.1397 | $353.44 | 1 | $2,866,507 | 0.8% |
|
||
| 2236 |
eUSD (OLD)
EUSD
|
$0.9735 | $536.84 | 1 | $2,329,277 | - |
|
||
| 2256 |
Parallel
PAR
|
$1.00 | $1,893.83 | 10 | $2,243,796 | 2.4% |
|
||
| 2298 |
VNX EURO
VEUR
|
$1.08 | $85,383.22 | 10 | $2,096,533 | 12.7% |
|
||
| 2664 |
Sperax USD
USDS
|
$0.9928 | $11,999.09 | 2 | $1,128,066 | 0.4% |
|
||
| 2690 |
sEUR
SEUR
|
$1.08 | $10,662.58 | 1 | $1,073,107 | 43.0% |
|
||
| 2719 |
Convertible JPY Token
CJPY
|
$0.005888 | $4,884.15 | 2 | $1,013,739 | 424.9% |
|
||
| 2801 |
SpiceUSD
USDS
|
$0.1068 | $10.80 | 5 | $888,486 | 12.1% |
|
||
| 2854 |
USC
USC
|
$0.9971 | $6,505.16 | 1 | $814,711 | - |
|
||
| 3001 |
Zasset zUSD
ZUSD
|
$1.00 | $2,048.78 | 2 | $627,869 | 15.0% |
|
||
| 3156 |
XIDR
XIDR
|
$0.00006228 | $44,380.90 | 3 | $471,469 | 1.0% |
|
||
| 3323 |
BOB
BOB
|
$1.00 | $106.59 | 9 | $342,376 | 0.3% |
|
||
| 3705 |
Basis Cash
BAC
|
$0.002771 | $11,145.80 | 2 | $151,192 | 32.8% |
|
||
| 3743 |
One Cash
ONC
|
$0.09008 | $22,505.04 | 2 | $138,462 | 15.1% |
|
||
| 3762 |
poundtoken
GBPT
|
$1.25 | $33,938.63 | 3 | $133,238 | 4.4% |
|
||
| 4181 |
Coin98 Dollar
CUSD
|
$0.6976 | $32.26 | 5 | $31,820.06 | 3.5% |
|
||
| 4309 |
USD Balance
USDB
|
$0.05191 | $31.79 | 2 | $10,035.47 | - |
|
||
| 4368 |
Vesta Stable
VST
|
$1.00 | $421.43 | 2 | $1,722.65 | 98.9% |
|
||
Jarvis Synthetic Swiss Franc
JCHF
|
$0.9442 | $739.77 | 5 | - | 0.0% |
|
|||
Jarvis Synthetic Euro
JEUR
|
$0.9938 | $2,343.60 | 8 | - | 0.0% |
|
|||
Fathom Dollar
FXD
|
$0.9991 | $439,848 | 3 | - | 0.0% |
|
|||
Wrapped USTC
USTC
|
$0.02160 | $126,065 | 17 | - | 0.0% |
|
|||
Binance-Peg BUSD
BUSD
|
Buy
|
$0.9999 | $6,641,866 | 53 | - | 0.0% |
|
||
Iron
IRON
|
$0.0002989 | $1.77 | 3 | - | 0.0% |
|
|||
bDollar
BDO
|
$0.02093 | $569.44 | 2 | - | 0.0% |
|
|||
Zephyr Protocol Stable Dollar
ZSD
|
$1.02 | $2,383.09 | 3 | - | 0.0% |
|
|||
CAD Coin
CADC
|
$0.7545 | $608.98 | 3 | - | - |
|
|||
Bridged USDC (Polygon PoS Bridge)
USDC.E
|
$1.00 | $40,928,838 | 34 | - | 0.0% |
|
|||
Fraxtal Bridged FRAX (Fraxtal)
FRAX
|
Buy
|
$0.9055 | $169,013 | 3 | - | 0.0% |
|
||
Decentralized USD
DUSD
|
$0.4342 | $160,838 | 1 | - | 0.0% |
|
|||
SORA Synthetic USD
XSTUSD
|
$0.4408 | $200.83 | 2 | - | 0.0% |
|
|||
JPY Coin
JPYC
|
$0.006354 | $39,876.26 | 9 | - | 0.0% |
|
|||
Klaytn Dai
KDAI
|
$0.2105 | $1,498.25 | 3 | - | 0.0% |
|
|||
JPY Coin v1
JPYC
|
$0.007946 | $36.96 | 6 | - | 0.0% |
|
|||
Utopia USD
UUSD
|
$0.9992 | $39,470.28 | 2 | - | 0.0% |
|
|||
TrueCNH
TCNH
|
$0.1200 | $49.99 | 2 | - | - |
|
|||
Synth oUSD
OUSD
|
$0.9905 | $44.37 | 0 | - | - |
|
|||
Iron BSC
IRON
|
$0.01314 | $0.4919 | 1 | - | 0.0% |
|
|||
xDollar Stablecoin
XUSD
|
$1.05 | $3.15 | 4 | - | 0.0% |
|
|||
XDAI
XDAI
|
$0.9995 | $146,363 | 7 | - | 0.0% |
|
|||
Staked FRAX
SFRAX
|
$1.06 | $1,619.24 | 4 | - | 0.0% |
|
|||
Monerium EUR emoney
EURE
|
$1.08 | $201,284 | 7 | - | 0.0% |
|
|||
Solv Protocol stUSD
STUSD
|
$1.04 | $41.87 | 2 | - | - |
|
|||
Bridged USDC (Lightlink)
USDC.E
|
- | - | 0 | - | - |
|
|||
Bridged Tether (Lightlink)
USDT.E
|
- | - | 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.
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