Top Stablecoin Tokens by Market Capitalization

Question 1

What are the different types of Stablecoins?

Answer

There are primarily three types of stablecoins: fiat-collateralized, crypto-collateralized, and non-collateralized. Fiat-collateralized stablecoins are backed by fiat currencies like the dollar or euro. Each stablecoin is equivalent to a specific amount of the fiat currency, which is held in reserve. Crypto-collateralized stablecoins are backed by other cryptocurrencies. Due to the volatility of cryptocurrencies, these stablecoins are often over-collateralized to absorb large price swings. Non-collateralized stablecoins are not backed by any reserve. Instead, they use a working mechanism, such as a smart contract, to maintain their value.

Question 2

What are the advantages of Stablecoins?

Answer

Stablecoins offer several advantages. Firstly, they provide stability in the highly volatile cryptocurrency market. This makes them a safe haven for investors during turbulent market conditions. Secondly, they enable the benefits of cryptocurrencies, such as fast and cheap transactions, while mitigating the risk of price fluctuations. Thirdly, they can be used as a medium of exchange, unit of account, and store of value, just like traditional money. Lastly, they can also facilitate cross-border transactions and remittances, providing a stable and efficient means of transferring value across borders.

Question 3

What are the disadvantages of Stablecoins?

Answer

Despite their advantages, stablecoins also have some disadvantages. One of the main concerns is the need for trust in the entity that holds the reserve assets. If this entity is not trustworthy, the stablecoin could lose its value. Additionally, fiat-collateralized stablecoins are subject to the same inflation and monetary policy issues as their underlying fiat currencies. Crypto-collateralized stablecoins, on the other hand, are exposed to the volatility of the underlying cryptocurrencies. Lastly, non-collateralized stablecoins rely on complex algorithms, which may not always work as expected, leading to instability.

Question 4

#	Name	Price	1h %	24h %	7d %	Market Cap	Volume(24h)	Circulating Supply
4	Tether USDT	$1.00	0.00%	0.02%	0.04%	$170.29B$170,291,992,996	$104,486,926,812 104.44B	170.22B USDT
7	USDC USDC	$0.9997	0.01%	0.01%	0.00%	$73.23B$73,226,150,123	$12,458,176,484 12.46B	73.24B USDC
13	Ethena USDe USDe	$1.00	0.01%	0.01%	0.02%	$13.59B$13,588,802,874	$168,240,463 168.05M	13.57B USDe
27	Dai DAI	$0.9998	0.01%	0.01%	0.00%	$5.36B$5,364,582,258	$79,531,260 79.54M	5.36B DAI
47	World Liberty Financial USD USD1	$0.9997	0.01%	0.00%	0.05%	$2.66B$2,662,152,483	$315,547,129 315.63M	2.66B USD1
70	PayPal USD PYUSD	$0.9993	0.01%	0.02%	0.00%	$1.35B$1,346,927,993	$38,660,339 38.68M	1.34B PYUSD
75	First Digital USD FDUSD	$0.9985	0.00%	0.01%	0.08%	$1.12B$1,123,863,191	$4,119,991,434 4.12B	1.12B FDUSD
105	Ripple USD RLUSD	$0.9997	0.01%	0.01%	0.00%	$729.74M$729,738,982	$85,296,841 85.32M	729.95M RLUSD
122	USDD USDD	$1.00	0.00%	0.00%	0.00%	$507.24M$507,241,436	$319,136,362 319.02M	507.07M USDD
125	TrueUSD TUSD	$0.9978	0.03%	0.01%	0.11%	$493.46M$493,459,511	$46,352,780 46.45M	494.51M TUSD
	EURCEURC	$1.18
	Falcon USDUSDf	$1.00
	Ondo US Dollar YieldUSDY	$1.10
	Usual USDUSD0	$1.00
	Global DollarUSDG	$1.00
	GHOGHO	$1.00
	Legacy Frax DollarFRAX	$1.00
	STASIS EUROEURS	$1.17
	AUSDAUSD	$1.00
	Elixir deUSDDEUSD	$1.00
	Noble DollarUSDN	$1.00
	Frax USDFRXUSD	$1.00
	lisUSDlisUSD	$1.00
	USDBUSDB	$1.00
	Pax DollarUSDP	$1.00
	EUR CoinVertibleEURCV	$1.18
	StraitsX USDXUSD	$1.00
	MNEEMNEE	$1.00
	Venus BUSDvBUSD	$0.02
	EuriteEURI	$1.18
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.10
	Gemini DollarGUSD	$1.00
	Lift DollarUSDL	$1.00
	sUSDSUSD	$0.95
	Tether EURtEURt	$1.15
	Liquity USDLUSD	$1.00
	AmpleforthAMPL	$1.28
	Celo DollarCUSD	$1.00
	Aegis YUSDYUSD	$1.00
	StandX DUSDDUSD	$1.00
	ZUSDZUSD	$1.00
	GYENGYEN	$0.01
	StablR EuroEURR	$1.17
	USDJUSDJ	$1.35
	XSGDXSGD	$0.78
	Rupiah TokenIDRT	$0.00
	Origin DollarOUSD	$1.00
	Steem DollarsSBD	$0.88
	Quantoz USDQUSDQ	$1.00
	Venus DAIvDAI	$0.03
	StablR USDUSDR	$1.00
	VNX Swiss FrancVCHF	$1.26
	Worldwide USDWUSD	$1.00
	SMARDEX USDNUSDN	$1.01
	Quantoz EURQEURQ	$1.18
	Fei USDFEI	$0.99
	Celo EuroCEUR	$1.17
	DjedDJED	$0.99
	VNX EuroVEUR	$1.18
	VaiVAI	$1.00
	Verified USDUSDV	$0.11
	IDRXIDRX	$0.00
	Sperax USDUSDs	$1.02
	Reflexer Ungovernance TokenFLX	$2.24
	Prisma mkUSDMKUSD	$1.00
	TheStandard USDUSDS	$0.97
	StandardSTND	$0.00
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	Hyper USDUSDHL	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	USDP StablecoinUSDP	$1.00
	Resolv USRUSR	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	AllUnity EUREURAU	$1.17
	CAD CoinCADC	$0.72
	DOLADOLA	$1.00
	xDAIxDAI	$0.98
	QuoriumQGOLD	$3644.83
	VNX British PoundVGBP	$1.35
	Stables Labs (USDX)USDX	$1.00
	ZedxionUSDZ	$1.00
	Brazilian Digital TokenBRZ	$0.18
	Magic Internet MoneyMIM	$1.00
	Amnis Aptos CoinAMAPT	$4.53
	Fathom DollarFXD	$0.73
	Solayer USDSUSD	$1.11
	Overnight.fi USD+ (Optimism)USD+	$1.00
	EdelcoinEDLC	$3.11
	xUSDxUSD	$1.00
	One CashONC	$0.05
	Meter StableMTR	$0.49
	USDHUSDH	$1.00
	Moola Celo USDmCUSD	$1.00
	MAIMIMATIC	$0.45
	JPYC PrepaidJPYC	$0.01
	Moola Celo EURmCEUR	$1.18
	Angle ProtocolEURA	$1.18
	Decentralized USD (DefiChain)DUSD	$0.01

Top Stablecoin Tokens by Market Capitalization

Frequently Asked Questions (FAQ)

How do Stablecoins work?

What are the different types of Stablecoins?

What are the advantages of Stablecoins?

What are the disadvantages of Stablecoins?

Top Stablecoin Tokens by Market Capitalization

Frequently Asked Questions (FAQ)

How do Stablecoins work?

What are the different types of Stablecoins?

What are the advantages of Stablecoins?

What are the disadvantages of Stablecoins?

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