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
3	Tether USDT	$1.00	0.00%	0.02%	0.01%	$145.31B$145,310,548,539	$108,509,963,375 108.48B USDT	145.27B USDT
7	USDC USDC	$1.00	0.01%	0.00%	0.00%	$61.76B$61,757,051,483	$15,818,862,636 15.81B USDC	61.75B USDC
24	Dai DAI	$0.9999	0.01%	0.02%	0.01%	$5.37B$5,365,371,800	$1,274,592,748 1.27B DAI	5.36B DAI
25	Ethena USDe USDe	$0.9993	0.00%	0.02%	0.01%	$4.78B$4,783,600,555	$73,458,470 73.50M USDe	4.78B USDe
53	First Digital USD FDUSD	$0.9990	0.00%	0.10%	0.10%	$1.53B$1,525,490,031	$3,915,598,700 3.91B FDUSD	1.52B FDUSD
73	PayPal USD PYUSD	$0.9997	0.01%	0.02%	0.01%	$873.09M$873,090,534	$55,476,138 55.48M PYUSD	873.26M PYUSD
111	TrueUSD TUSD	$0.9980	0.03%	0.01%	0.01%	$494.57M$494,566,272	$54,114,228 54.21M TUSD	495.51M TUSD
136	USDD USDD	$1.00	0.00%	0.01%	0.01%	$362.58M$362,584,743	$4,063,085 4.06M USDD	362.54M USDD
205	Usual USD USD0	$0.9976	0.02%	0.01%	0.03%	$673.46M$673,462,330	$15,060,209 15.09M USD0	675.02M USD0
209	Ondo US Dollar Yield USDY	$1.08	0.06%	0.09%	1.56%	$582.34M$582,344,412	$4,341,496 4.00M USDY	537.4M USDY
	FraxFRAX	$1.00
	Ripple USDRLUSD	$1.00
	Global DollarUSDG	$1.00
	EURCEURC	$1.14
	GHOGHO	$1.00
	STASIS EUROEURS	$1.14
	OpenEden OpenDollarUSDO	$1.00
	Falcon USDUSDf	$1.00
	World Liberty Financial USDUSD1	$1.00
	Lift DollarUSDL	$1.00
	USDBUSDB	$1.00
	Pax DollarUSDP	$1.00
	lisUSDlisUSD	$1.00
	Venus BUSDvBUSD	$0.02
	Anchored Coins AEURAEUR	$1.05
	BUSDBUSD	$1.00
	Gemini DollarGUSD	$1.00
	EUR CoinVertibleEURCV	$1.14
	EuriteEURI	$1.14
	Liquity USDLUSD	$1.01
	Tether EURtEURt	$1.18
	StraitsX USDXUSD	$1.00
	Celo DollarCUSD	$1.00
	sUSDSUSD	$0.79
	MNEEMNEE	$1.00
	ZUSDZUSD	$1.00
	Rupiah TokenIDRT	$0.00
	Aegis YUSDYUSD	$1.00
	GYENGYEN	$0.01
	Verified USDUSDV	$0.68
	BIDRBIDR	$0.00
	USDJUSDJ	$1.13
	StablR EuroEURR	$1.14
	XSGDXSGD	$0.76
	Steem DollarsSBD	$0.85
	Quantoz USDQUSDQ	$1.00
	Venus DAIvDAI	$0.03
	Worldwide USDWUSD	$1.00
	Origin DollarOUSD	$1.00
	Celo EuroCEUR	$1.14
	StablR USDUSDR	$1.00
	VNX Swiss FrancVCHF	$1.21
	Quantoz EURQEURQ	$1.13
	DjedDJED	$1.00
	VNX EuroVEUR	$1.14
	Fei USDFEI	$0.99
	VaiVAI	$1.00
	SMARDEX USDNUSDN	$1.00
	Sperax USDUSDs	$1.03
	IDRXIDRX	$0.00
	Prisma mkUSDMKUSD	$1.02
	TheStandard USDUSDS	$0.99
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	AUSDAUSD	$1.00
	Angle ProtocolEURA	$1.14
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	USDAUSDA	$1.00
	USDP StablecoinUSDP	$1.00
	Amnis Aptos CoinAMAPT	$5.35
	Frax USDFRXUSD	$1.00
	DOLADOLA	$1.00
	Gyroscope GYDGYD	$1.00
	Fathom DollarFXD	$1.00
	Brazilian Digital TokenBRZ	$0.17
	Magic Internet MoneyMIM	$1.00
	Stables Labs (USDX)USDX	$1.00
	xDAIxDAI	$1.00
	ZedxionUSDZ	$1.00
	One CashONC	$0.04
	Solayer USDSUSD	$1.10
	Staked Frax USDSFRXUSD	$1.13
	Currency One USDUSD1	$1.00
	Meter StableMTR	$0.40
	xUSDxUSD	$1.00
	BounceBit USDBBUSD	$1.01
	USDHUSDH	$1.00
	EdelcoinEDLC	$4.05
	MAIMIMATIC	$0.44
	Inter Stable TokenIST	$1.00
	Moola Celo USDmCUSD	$1.00
	Savings DaiSDAI	$1.16
	Decentralized USD (DefiChain)DUSD	$0.04
	Overnight.fi USD+ (Optimism)USD+	$1.00
	Moola Celo EURmCEUR	$1.14
	JPYC PrepaidJPYC	$0.01
	ZARP StablecoinZARP	$0.05
	YUSD StablecoinYUSD	$1.00
	Tether MXNtMXNt	$0.06

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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