Portfolios

Add to New Portfolio

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.

Stats

$160,446,041,516

Market Cap 0.1%

$68,321,025,277

Trading Volume

All Stablecoins Stablecoin Protocol JPY Stablecoin IDR Stablecoin

#	Coin		Price	24h Volume	Exchanges	Market Cap	30d

3	Tether USDT	Buy	$0.9994	$46,100,400,372	342	$110,528,629,738	5.7%
6	USDC USDC	Buy	$1.00	$10,757,026,473	356	$33,067,766,535	2.1%
25	Dai DAI	Buy	$1.00	$879,863,678	257	$5,261,586,550	6.9%
26	First Digital USD FDUSD		$0.9975	$10,012,227,692	16	$4,188,243,399	64.6%
51	Ethena USDe USDE		$0.9981	$126,099,845	7	$2,315,195,846	49.8%
117	USDD USDD		$0.9938	$6,956,936	19	$732,463,673	0.4%
127	Frax FRAX	Buy	$0.9985	$43,535,600	64	$648,645,396	0.2%
140	Tether Gold XAUT		$2,327.86	$13,112,603	27	$573,494,023	3.7%
152	TrueUSD TUSD		$0.9983	$52,175,838	58	$508,543,044	2.9%
170	PAX Gold PAXG		$2,301.69	$13,185,558	39	$423,962,825	4.1%
208	PayPal USD PYUSD		$0.9990	$24,073,210	21	$327,457,212	73.8%
326	Alchemix USD ALUSD		$0.9685	$202,410	7	$162,533,779	2.7%
330	TerraClassicUSD USTC		$0.01780	$10,311,616	27	$159,187,192	37.9%
343	Pax Dollar USDP		$1.00	$4,509,247	28	$148,289,131	0.6%
360	crvUSD CRVUSD		$0.9987	$58,409,553	11	$140,733,881	6.1%
380	STASIS EURO EURS		$1.07	$1,731,471	9	$133,187,015	0.9%
428	Liquity USD LUSD		$0.9967	$3,246,998	27	$111,187,650	10.3%
474	Gemini Dollar GUSD		$0.9996	$1,660,178	10	$92,863,333	28.9%
478	USDX USDX		$0.8190	$300,867	2	$91,376,598	7.9%
498	DOLA DOLA		$0.9987	$15,877,445	18	$85,998,788	31.3%
547	BUSD BUSD	Buy	$1.00	$292,981	54	$70,557,678	17.0%
625	Magic Internet Money MIM		$0.9898	$482,938	39	$55,417,808	0.0%
658	sUSD SUSD		$0.9915	$11,791,777	12	$50,378,445	1.1%
667	GHO GHO		$0.9976	$31,847,440	4	$48,854,343	18.8%
695	Lista USD LISUSD		$0.9860	$901,438	9	$45,384,072	31.0%
704	Bean BEAN		$0.9669	$26,979.24	1	$44,906,866	0.3%
759	XSGD XSGD		$0.7340	$14,983,870	12	$38,623,483	2.1%
763	Euro Tether EURT		$1.06	$3,714,544	27	$38,366,652	1.8%
779	Celo Dollar CUSD		$0.9989	$6,097,092	12	$36,959,236	5.1%
816	TOR TOR		$2.00	$46,072.19	5	$34,116,129	82.1%
841	flexUSD FLEXUSD		$0.1973	$286.96	4	$32,896,097	50.7%
922	MAI MIMATIC		$0.9812	$25,427.95	12	$27,047,908	13.7%
987	EURA EURA		$1.06	$2,439,779	17	$23,742,979	22.7%
1010	Verified USD USDV		$0.9995	$8,547,036	19	$22,420,748	11.2%
1052	BiLira TRYB		$0.03074	$2,863.57	7	$20,744,475	43.1%
1149	Prisma mkUSD MKUSD		$0.9837	$1,209,031	3	$17,130,470	27.8%
1190	Fei USD FEI		$0.9996	$11,379.52	3	$15,470,330	1.7%
1202	dForce USD USX		$0.9314	$18,062.20	15	$15,001,267	58.7%
1243	GYEN GYEN		$0.006406	$28,826.11	6	$13,919,739	5.6%
1312	HUSD HUSD		$0.06531	$14,542.52	4	$12,276,290	19.0%
1330	YUSD Stablecoin YUSD		$0.9947	$3.29	2	$11,852,815	0.0%
1406	eUSD EUSD		$0.9774	$34,810.91	1	$10,013,488	47.2%
1500	Origin Dollar OUSD		$0.9978	$307,917	5	$8,226,738	17.2%
1593	Celo Euro CEUR		$1.07	$1,027,927	6	$7,061,278	27.6%
1602	USK USK		$0.9975	$531,037	3	$6,890,557	21.5%
1750	Vai VAI		$0.9991	$45,174.04	6	$5,140,229	13.0%
1853	Silk SILK		$1.12	$390,043	2	$4,291,955	1.1%
1894	Djed DJED		$1.00	$292,265	3	$4,029,250	1.8%
1950	Equilibrium EOSDT EOSDT		$0.6673	$137.83	2	$3,598,041	-
2003	mStable USD MUSD		$0.9973	$45,426.91	3	$3,214,453	0.9%
2101	CNH Tether CNHT		$0.1312	$334.49	1	$2,696,671	6.1%
2165	VNX EURO VEUR		$1.07	$124,295	10	$2,376,428	1.4%
2197	eUSD (OLD) EUSD		$0.9363	$194.00	1	$2,246,101	-
2219	Parallel PAR		$0.9774	$10,471.16	10	$2,191,901	1.3%
2613	Sperax USD USDS		$0.9976	$40,834.82	2	$1,133,458	0.1%
2666	Convertible JPY Token CJPY		$0.005999	$97,581.77	2	$1,032,934	550.7%
2761	SpiceUSD USDS		$0.1037	$37.14	5	$862,356	21.2%
2773	sEUR SEUR		$1.08	$81,878.97	1	$855,105	-
2807	USC USC		$1.01	$22,750.08	1	$819,456	-
2902	Zasset zUSD ZUSD		$1.06	$733.53	2	$685,908	-
3113	XIDR XIDR		$0.00006166	$42,544.44	3	$466,784	2.2%
3279	BOB BOB		$0.9972	$85,460.98	9	$342,484	0.8%
3711	Basis Cash BAC		$0.002507	$4,122.85	2	$136,818	32.7%
3712	One Cash ONC		$0.08883	$23,764.59	2	$136,119	14.8%
3722	poundtoken GBPT		$1.25	$33,458.65	3	$133,069	2.6%
4131	Coin98 Dollar CUSD		$0.7598	$48.67	5	$34,740.71	6.9%
4281	USD Balance USDB		$0.05191	$31.79	2	$10,035.47	-
4341	Vesta Stable VST		$1.00	$40.05	2	$1,722.92	98.9%
	JPY Coin JPYC		$0.006321	$46,879.27	9	-	0.0%
	bDollar BDO		$0.02058	$2,290.89	2	-	0.0%
	Utopia USD UUSD		$0.9979	$55,454.14	2	-	0.0%
	TrueCNH TCNH		$0.1198	$138.76	2	-	0.0%
	Wrapped USTC USTC		$0.01855	$33,181.75	17	-	0.0%
	Jarvis Synthetic Euro JEUR		$0.9800	$3,513.46	8	-	0.0%
	Decentralized USD DUSD		$0.4222	$199,909	1	-	0.0%
	JPY Coin v1 JPYC		$0.007825	$27.68	6	-	0.0%
	XDAI XDAI		$0.9934	$38,848.55	7	-	0.0%
	Iron IRON		$0.0002532	$1.50	3	-	0.0%
	Fathom Dollar FXD		$0.9989	$486,010	3	-	0.0%
	Jarvis Synthetic Swiss Franc JCHF		$0.8595	$3,866.06	5	-	0.0%
	Binance-Peg BUSD BUSD	Buy	$1.00	$12,490,779	53	-	0.0%
	Monerium EUR emoney EURE		$1.07	$436,210	7	-	0.0%
	SORA Synthetic USD XSTUSD		$0.4381	$297.46	2	-	0.0%
	CAD Coin CADC		$0.7293	$1,065.48	3	-	-
	Fraxtal Bridged FRAX (Fraxtal) FRAX	Buy	$0.8218	$162,079	3	-	0.0%
	Staked FRAX SFRAX		$1.04	$59,586.65	4	-	0.0%
	Klaytn Dai KDAI		$0.2091	$1,458.12	3	-	0.0%
	Zephyr Protocol Stable Dollar ZSD		$0.9924	$1,500.40	3	-	0.0%
	xDollar Stablecoin XUSD		$1.05	$25.88	4	-	0.0%
	Bridged USDC (Polygon PoS Bridge) USDC.E		$0.9980	$96,368,785	34	-	0.0%
	Iron BSC IRON		$0.01291	$0.02107	1	-	-
	Solv Protocol stUSD STUSD		$1.04	$41.87	2	-	-
	Synth oUSD OUSD		$0.9905	$44.37	0	-	-
	Bridged Tether (Lightlink) USDT.E		-	-	0	-	-
	Bridged USDC (Lightlink) USDC.E		-	-	0	-	-

Showing 1 to 95 of 95 results

Rows

Frequently Asked Questions Show

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.

You may be interested in these crypto articles

Airdrops

Guide on Earning deBridge Points and Improving Airdrop Eligibility

Stephanie Goh

Market Coverage

Market Share of Blockchains, by Trading Volume

Shaun Paul Lee

API3's "Netflix Moment" and the Changing Oracle Landscape