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.

#	Name	Price	1h %	24h %	7d %	Market Cap	Volume(24h)	Circulating Supply
3	Tether USDT	$0.9996	0.01%	0.03%	0.01%	$144.13B$144,129,860,968	$54,250,739,838 54.27B USDT	144.18B USDT
7	USDC USDC	$1.00	0.00%	0.01%	0.00%	$60.25B$60,247,031,580	$8,610,764,722 8.61B USDC	60.24B USDC
25	Dai DAI	$0.9999	0.00%	0.01%	0.00%	$5.37B$5,365,196,918	$135,458,166 135.46M DAI	5.36B DAI
26	Ethena USDe USDe	$0.9993	0.02%	0.02%	0.02%	$5.24B$5,244,201,235	$118,832,365 118.91M USDe	5.24B USDe
38	First Digital USD FDUSD	$0.9989	0.03%	0.09%	0.02%	$2.59B$2,585,308,303	$5,431,101,561 5.43B FDUSD	2.58B FDUSD
77	PayPal USD PYUSD	$0.9997	0.01%	0.01%	0.01%	$802.68M$802,680,476	$44,069,624 44.08M PYUSD	802.87M PYUSD
101	TrueUSD TUSD	$0.9986	0.01%	0.07%	0.06%	$494.83M$494,826,246	$50,689,704 50.76M TUSD	495.51M TUSD
203	Usual USD USD0	$0.9979	0.01%	0.01%	0.00%	$901.68M$901,684,717	$36,800,751 36.87M USD0	903.52M USD0
216	Ondo US Dollar Yield USDY	$1.09	0.01%	0.08%	0.51%	$388M$388,004,221	$1,211,081 1.10M USDY	353.97M USDY
218	Frax FRAX	$0.9990	0.01%	0.00%	0.01%	$348.33M$348,333,898	$9,160,702 9.16M FRAX	348.65M FRAX
	USDDUSDD	$1.00
	Ripple USDRLUSD	$1.00
	Global DollarUSDG	$1.00
	EURCEURC	$1.08
	STASIS EUROEURS	$1.09
	Falcon USDUSDf	$1.00
	USDBUSDB	$1.00
	Pax DollarUSDP	$1.00
	USDX [Kava]USDX	$0.66
	lisUSDlisUSD	$1.00
	Venus BUSDvBUSD	$0.02
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.00
	Lift DollarUSDL	$1.00
	Gemini DollarGUSD	$1.00
	Liquity USDLUSD	$1.00
	EUR CoinVertibleEURCV	$1.08
	Tether EURtEURt	$1.08
	EuriteEURI	$1.08
	Celo DollarCUSD	$1.00
	StraitsX USDXUSD	$1.00
	sUSDSUSD	$0.96
	Reserve DollarRSV	$1.00
	MNEEMNEE	$1.00
	XSGDXSGD	$0.75
	ZUSDZUSD	$1.00
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	BIDRBIDR	$0.00
	USDJUSDJ	$1.14
	VNX Swiss FrancVCHF	$1.13
	Aegis YUSDYUSD	$1.00
	Verified USDUSDV	$0.44
	Origin DollarOUSD	$1.00
	Steem DollarsSBD	$0.74
	Venus DAIvDAI	$0.03
	Worldwide USDWUSD	$1.00
	StablR USDUSDR	$1.00
	StablR EuroEURR	$1.08
	Celo EuroCEUR	$1.08
	VNX EuroVEUR	$1.08
	SMARDEX USDNUSDN	$1.00
	DjedDJED	$0.99
	Fei USDFEI	$0.96
	VaiVAI	$1.00
	Quantoz EURQEURQ	$1.07
	IDRXIDRX	$0.00
	Sperax USDUSDs	$1.00
	Prisma mkUSDMKUSD	$1.00
	TheStandard USDUSDS	$0.99
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	GHOGHO	$1.00
	AUSDAUSD	$1.00
	Savings DaiSDAI	$1.15
	Frax USDFRXUSD	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	USDP StablecoinUSDP	$1.00
	USD OneUSD1	$1.00
	DOLADOLA	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	Staked Frax USDSFRXUSD	$1.12
	Quantoz USDQUSDQ	$1.00
	xDAIxDAI	$1.02
	Gyroscope GYDGYD	$1.00
	Amnis Aptos CoinAMAPT	$5.32
	xUSDxUSD	$1.00
	Fathom DollarFXD	$1.00
	Brazilian Digital TokenBRZ	$0.17
	Stables Labs (USDX)USDX	$1.00
	Magic Internet MoneyMIM	$1.00
	ZedxionUSDZ	$1.00
	XIDRXIDR	$0.00
	ParallelPAR	$1.10
	Angle ProtocolEURA	$1.08
	JPYC PrepaidJPYC	$0.01
	MAIMIMATIC	$0.32
	EdelcoinEDLC	$3.87
	USDHUSDH	$1.00
	Moola Celo USDmCUSD	$1.00
	Inter Stable TokenIST	$1.00
	Decentralized USD (DefiChain)DUSD	$0.05
	Moola Celo EURmCEUR	$1.08
	Overnight.fi USD+ (Optimism)USD+	$1.00
	wanUSDTWANUSDT	$1.00
	Meter StableMTR	$0.36
	Tether MXNtMXNt	$0.05
	One CashONC	$0.04
	USDAUSDA	$1.00
	YUSD StablecoinYUSD	$0.99

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?