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	$0.9990	0.03%	0.01%	0.09%	$142.18B$142,175,988,008	$127,909,157,611 128.02B USDT	142.3B USDT
7	USDC USDC	$0.9999	0.00%	0.01%	0.00%	$55.96B$55,957,481,771	$12,167,075,763 12.16B USDC	55.96B USDC
24	Ethena USDe USDe	$0.9992	0.00%	0.02%	0.01%	$5.87B$5,867,410,115	$117,780,025 117.86M USDe	5.87B USDe
25	Dai DAI	$0.9996	0.02%	0.01%	0.03%	$5.36B$5,363,764,540	$270,393,564 270.47M DAI	5.36B DAI
43	First Digital USD FDUSD	$0.9984	0.03%	0.14%	0.02%	$2.14B$2,140,700,686	$9,905,944,456 9.92B FDUSD	2.14B FDUSD
92	PayPal USD PYUSD	$0.9994	0.01%	0.01%	0.09%	$696.96M$696,959,297	$23,526,353 23.53M PYUSD	697.34M PYUSD
118	TrueUSD TUSD	$0.9968	0.03%	0.02%	0.16%	$493.96M$493,955,247	$78,392,957 78.64M TUSD	495.51M TUSD
202	Usual USD USD0	$0.9977	0.01%	0.00%	0.01%	$1.09B$1,085,428,912	$19,256,716 19.30M USD0	1.08B USD0
209	Frax FRAX	$0.9963	0.00%	0.01%	0.02%	$495.34M$495,335,725	$8,178,540 8.20M FRAX	497.13M FRAX
212	Ondo US Dollar Yield USDY	$1.08	0.01%	0.08%	0.91%	$382.39M$382,393,942	$5,139,064 4.71M USDY	351.15M USDY
	USDDUSDD	$1.00
	STASIS EUROEURS	$1.06
	EURCEURC	$1.05
	Global DollarUSDG	$1.00
	USDBUSDB	$1.00
	TerraClassicUSDUSTC	$0.02
	Pax DollarUSDP	$1.00
	USDX [Kava]USDX	$0.66
	lisUSDlisUSD	$1.00
	BUSDBUSD	$1.00
	Venus BUSDvBUSD	$0.02
	Anchored Coins AEURAEUR	$1.01
	Liquity USDLUSD	$1.00
	Lift DollarUSDL	$1.00
	Gemini DollarGUSD	$1.00
	Ripple USDRLUSD	$1.00
	EUR CoinVertibleEURCV	$1.05
	Tether EURtEURt	$1.03
	ZUSDZUSD	$1.89
	Celo DollarCUSD	$1.00
	EuriteEURI	$1.05
	Falcon FinanceUSDf	$1.00
	Reserve DollarRSV	$1.00
	XSGDXSGD	$0.74
	sUSDSUSD	$0.98
	MNEEMNEE	$1.00
	Rupiah TokenIDRT	$0.00
	Worldwide USDWUSD	$1.00
	GYENGYEN	$0.01
	BIDRBIDR	$0.00
	USDJUSDJ	$1.13
	VNX Swiss FrancVCHF	$1.12
	Verified USDUSDV	$0.56
	Origin DollarOUSD	$1.00
	StablR USDUSDR	$1.00
	Steem DollarsSBD	$0.66
	Venus DAIvDAI	$0.02
	Fei USDFEI	$0.98
	Celo EuroCEUR	$1.05
	VNX EuroVEUR	$1.05
	DjedDJED	$0.99
	VaiVAI	$1.00
	StablR EuroEURR	$1.04
	Quantoz EURQEURQ	$1.04
	Sperax USDUSDs	$0.99
	Prisma mkUSDMKUSD	$1.00
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	AUSDAUSD	$1.00
	GHOGHO	$1.00
	Savings DaiSDAI	$1.15
	Overnight.fi USD+ (Base)USD+	$1.00
	DOLADOLA	$0.99
	USDP StablecoinUSDP	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Gyroscope GYDGYD	$1.00
	Quantoz USDQUSDQ	$1.00
	Amnis Aptos CoinAMAPT	$6.10
	Magic Internet MoneyMIM	$1.00
	xDAIxDAI	$0.98
	XUSDXUSD	$1.00
	xUSDxUSD	$1.00
	Angle ProtocolEURA	$1.05
	usdx.money (USDX)USDX	$1.00
	Brazilian Digital TokenBRZ	$0.17
	CriptodólarUXD	$1.00
	Fathom DollarFXD	$1.00
	ZedxionUSDZ	$1.00
	JPYC PrepaidJPYC	$0.01
	USDHUSDH	$1.00
	dForce USDUSX	$1.00
	EdelcoinEDLC	$4.50
	XIDRXIDR	$0.00
	MAIMIMATIC	$0.37
	BounceBit USDBBUSD	$0.99
	Decentralized USD (DefiChain)DUSD	$0.05
	ZARP StablecoinZARP	$0.05
	Inter Stable TokenIST	$1.00
	Moola Celo USDmCUSD	$0.99
	wanUSDTWANUSDT	$0.99
	BiLiraTRYB	$0.03
	Overnight.fi USD+ (Optimism)USD+	$1.00
	Moola Celo EURmCEUR	$1.05
	One CashONC	$0.04
	JPY Coin v1JPYC	$0.01
	YUSD StablecoinYUSD	$0.99
	ParallelPAR	$0.67
	Tether MXNtMXNt	$0.05
	Meter StableMTR	$0.40

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?