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	0.02%	0.02%	0.01%	$177.48B$177,481,914,585	$180,587,746,741 180.52B	177.42B USDT
7	USDC USDC	$0.9995	0.01%	0.00%	0.01%	$75.45B$75,448,734,187	$21,564,863,324 21.57B	75.48B USDC
13	Ethena USDe USDe	$1.00	0.01%	0.00%	0.09%	$14.82B$14,820,342,416	$398,703,126 398.65M	14.81B USDe
27	Dai DAI	$0.9996	0.01%	0.01%	0.00%	$5.36B$5,363,421,113	$130,278,749 130.32M	5.36B DAI
43	World Liberty Financial USD USD1	$0.9996	0.01%	0.04%	0.00%	$2.65B$2,651,193,145	$457,556,928 457.70M	2.65B USD1
45	PayPal USD PYUSD	$0.9995	0.02%	0.00%	0.01%	$2.51B$2,506,260,263	$117,597,709 117.65M	2.5B PYUSD
82	First Digital USD FDUSD	$0.9982	0.01%	0.01%	0.04%	$1.09B$1,087,628,342	$7,747,078,688 7.76B	1.08B FDUSD
95	Ripple USD RLUSD	$0.9996	0.00%	0.00%	0.05%	$789.4M$789,401,429	$128,655,653 128.70M	789.69M RLUSD
125	TrueUSD TUSD	$0.9995	0.01%	0.05%	0.13%	$494.28M$494,282,626	$49,958,911 49.98M	494.51M TUSD
127	USDD USDD	$1.00	0.03%	0.06%	0.09%	$475.39M$475,391,106	$3,375,571 3.37M	475.23M USDD
	EURCEURC	$1.17
	Falcon USDUSDf	$1.00
	Global DollarUSDG	$1.00
	Ondo US Dollar YieldUSDY	$1.09
	Usual USDUSD0	$1.00
	USDaiUSDAI	$1.03
	GHOGHO	$1.00
	Legacy Frax DollarFRAX	$1.00
	StandX DUSDDUSD	$1.00
	STASIS EUROEURS	$1.15
	AUSDAUSD	$1.00
	Noble DollarUSDN	$1.00
	Elixir deUSDDEUSD	$1.00
	MetaMask USDmUSD	$1.00
	lisUSDlisUSD	$1.00
	Frax USDFRXUSD	$1.00
	StraitsX USDXUSD	$1.00
	MNEEMNEE	$1.00
	EUR CoinVertibleEURCV	$1.17
	Pax DollarUSDP	$1.00
	Venus BUSDvBUSD	$0.02
	EuriteEURI	$1.17
	BUSDBUSD	$1.03
	USDBUSDB	$1.01
	Anchored Coins AEURAEUR	$1.08
	Gemini DollarGUSD	$1.00
	sUSDSUSD	$0.99
	Lift DollarUSDL	$1.00
	Tether EURtEURt	$1.17
	Liquity USDLUSD	$0.99
	Celo DollarCUSD	$1.00
	Aegis YUSDYUSD	$1.00
	AmpleforthAMPL	$1.17
	USD CoinVertibleUSDCV	$1.00
	ZUSDZUSD	$1.00
	XSGDXSGD	$0.78
	StablR EuroEURR	$1.17
	GYENGYEN	$0.01
	USDJUSDJ	$1.20
	Rupiah TokenIDRT	$0.00
	Origin DollarOUSD	$1.00
	Quantoz USDQUSDQ	$1.00
	Steem DollarsSBD	$0.77
	StablR USDUSDR	$1.00
	Venus DAIvDAI	$0.03
	VNX Swiss FrancVCHF	$1.26
	Worldwide USDWUSD	$1.00
	SMARDEX USDNUSDN	$1.01
	Celo EuroCEUR	$1.17
	Quantoz EURQEURQ	$1.17
	DjedDJED	$0.99
	VNX EuroVEUR	$1.18
	Fei USDFEI	$1.00
	VaiVAI	$1.00
	Verified USDUSDV	$0.09
	IDRXIDRX	$0.00
	Sperax USDUSDs	$1.01
	Reflexer Ungovernance TokenFLX	$1.82
	Prisma mkUSDMKUSD	$1.01
	TheStandard USDUSDS	$0.99
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	StandardSTND	$0.00
	USDT0USDT0	$1.00
	Hyperliquid USDUSDH	$1.00
	DOLADOLA	$1.00
	USDP StablecoinUSDP	$1.00
	Resolv USRUSR	$1.00
	AllUnity EUREURAU	$1.17
	Amnis Aptos CoinAMAPT	$5.26
	Hyper USDUSDHL	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Overnight.fi USD+ (Base)USD+	$1.01
	xDAIxDAI	$0.99
	ZedxionUSDZ	$1.00
	CAD CoinCADC	$0.73
	QuoriumQGOLD	$3878.30
	Stables Labs (USDX)USDX	$1.00
	Angle ProtocolEURA	$1.17
	VNX British PoundVGBP	$1.36
	Brazilian Digital TokenBRZ	$0.19
	Overnight.fi USD+ (Optimism)USD+	$1.01
	Magic Internet MoneyMIM	$1.00
	ZARP StablecoinZARP	$0.06
	Moola Celo USDmCUSD	$1.00
	Fathom DollarFXD	$0.73
	Solayer USDSUSD	$1.11
	xUSDxUSD	$1.00
	One CashONC	$0.05
	Meter StableMTR	$0.47

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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