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	0.01%	0.02%	0.02%	$150.08B$150,078,107,760	$101,613,822,509 101.59B USDT	150.05B USDT
7	USDC USDC	$1.00	0.00%	0.00%	0.01%	$60.8B$60,801,468,802	$12,235,030,384 12.23B USDC	60.8B USDC
27	Dai DAI	$1.00	0.01%	0.03%	0.00%	$5.37B$5,366,122,689	$17,335,434,817 17.33B DAI	5.36B DAI
28	Ethena USDe USDe	$1.00	0.01%	0.05%	0.05%	$4.75B$4,746,961,861	$132,815,377 132.71M USDe	4.74B USDe
47	World Liberty Financial USD USD1	$1.00	0.03%	0.19%	0.14%	$2.13B$2,131,044,512	$90,640,687 90.51M USD1	2.12B USD1
58	First Digital USD FDUSD	$0.9985	0.02%	0.04%	0.08%	$1.51B$1,514,405,196	$3,722,165,423 3.72B FDUSD	1.51B FDUSD
89	PayPal USD PYUSD	$0.9997	0.01%	0.03%	0.01%	$843.29M$843,289,775	$23,344,078 23.35M PYUSD	843.52M PYUSD
125	TrueUSD TUSD	$0.9981	0.02%	0.00%	0.01%	$494.59M$494,588,468	$52,783,603 52.88M TUSD	495.51M TUSD
157	USDD USDD	$1.00	0.01%	0.01%	0.02%	$353.1M$353,098,569	$17,033,165 17.03M USDD	353.08M USDD
205	Usual USD USD0	$0.9978	0.01%	0.02%	0.03%	$642M$642,000,866	$18,817,878 18.85M USD0	643.37M USD0
	Ondo US Dollar YieldUSDY	$1.10
	Ripple USDRLUSD	$1.00
	Legacy Frax DollarFRAX	$1.00
	Global DollarUSDG	$1.00
	GHOGHO	$1.00
	Falcon USDUSDf	$1.00
	EURCEURC	$1.12
	OpenEden OpenDollarUSDO	$1.01
	STASIS EUROEURS	$1.12
	Lift DollarUSDL	$1.00
	USDBUSDB	$1.00
	Frax USDFRXUSD	$1.00
	Pax DollarUSDP	$1.00
	lisUSDlisUSD	$1.00
	Venus BUSDvBUSD	$0.02
	Anchored Coins AEURAEUR	$1.04
	BUSDBUSD	$1.00
	Gemini DollarGUSD	$1.00
	EuriteEURI	$1.12
	EUR CoinVertibleEURCV	$1.13
	StraitsX USDXUSD	$1.00
	Liquity USDLUSD	$1.00
	Tether EURtEURt	$1.11
	Celo DollarCUSD	$1.00
	sUSDSUSD	$0.93
	MNEEMNEE	$1.00
	Aegis YUSDYUSD	$1.00
	ZUSDZUSD	$1.00
	Rupiah TokenIDRT	$0.00
	GYENGYEN	$0.01
	BIDRBIDR	$0.00
	StablR EuroEURR	$1.11
	USDJUSDJ	$1.14
	XSGDXSGD	$0.77
	Verified USDUSDV	$0.55
	Steem DollarsSBD	$0.92
	Worldwide USDWUSD	$1.00
	Quantoz USDQUSDQ	$1.00
	Origin DollarOUSD	$1.00
	Venus DAIvDAI	$0.03
	StablR USDUSDR	$1.00
	Celo EuroCEUR	$1.12
	VNX Swiss FrancVCHF	$1.19
	Quantoz EURQEURQ	$1.11
	DjedDJED	$1.00
	Fei USDFEI	$0.99
	VNX EuroVEUR	$1.12
	SMARDEX USDNUSDN	$1.00
	VaiVAI	$1.00
	Sperax USDUSDs	$1.03
	VNX British PoundVGBP	$1.33
	IDRXIDRX	$0.00
	Prisma mkUSDMKUSD	$1.00
	TheStandard USDUSDS	$1.00
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	AUSDAUSD	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	xUSDxUSD	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	Savings DaiSDAI	$1.16
	Amnis Aptos CoinAMAPT	$5.78
	USDP StablecoinUSDP	$1.00
	Angle ProtocolEURA	$1.11
	DOLADOLA	$1.00
	Brazilian Digital TokenBRZ	$0.18
	USDAUSDA	$1.00
	Currency One USDUSD1	$1.00
	ZedxionUSDZ	$1.00
	Magic Internet MoneyMIM	$1.00
	xDAIxDAI	$1.00
	Fathom DollarFXD	$0.91
	BiLiraTRYB	$0.03
	Solayer USDSUSD	$1.10
	Moola Celo USDmCUSD	$1.00
	JPYC PrepaidJPYC	$0.01
	BounceBit USDBBUSD	$1.00
	Meter StableMTR	$0.40
	One CashONC	$0.04
	USDHUSDH	$1.00
	Stables Labs (USDX)USDX	$1.00
	MAIMIMATIC	$0.66
	EdelcoinEDLC	$3.74
	Decentralized USD (DefiChain)DUSD	$0.06
	wanUSDTWANUSDT	$1.00
	Moola Celo EURmCEUR	$1.11
	Inter Stable TokenIST	$1.00
	Stable CoinSBC	$1.00
	ZARP StablecoinZARP	$0.05
	Overnight.fi USD+ (Optimism)USD+	$1.00

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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