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%	0.00%	0.02%	$156.02B$156,022,148,161	$92,851,600,559 92.81B USDT	155.96B USDT
7	USDC USDC	$0.9998	0.02%	0.01%	0.01%	$61.23B$61,229,580,191	$11,898,604,639 11.90B USDC	61.23B USDC
22	Ethena USDe USDe	$1.00	0.00%	0.01%	0.07%	$5.6B$5,598,106,750	$124,007,601 123.92M USDe	5.59B USDe
24	Dai DAI	$0.9999	0.00%	0.01%	0.00%	$5.37B$5,365,064,268	$16,746,800,920 16.74B DAI	5.36B DAI
38	World Liberty Financial USD USD1	$1.00	0.00%	0.01%	0.10%	$2.21B$2,209,327,721	$787,252,844 787.16M USD1	2.2B USD1
47	First Digital USD FDUSD	$0.9983	0.02%	0.04%	0.00%	$1.49B$1,490,196,596	$6,439,922,756 6.45B FDUSD	1.49B FDUSD
66	PayPal USD PYUSD	$0.9998	0.00%	0.02%	0.00%	$955.54M$955,535,059	$21,518,375 21.52M PYUSD	955.68M PYUSD
107	TrueUSD TUSD	$0.9976	0.00%	0.03%	0.02%	$493.34M$493,338,722	$47,982,682 48.09M TUSD	494.51M TUSD
115	USDD USDD	$1.00	0.02%	0.02%	0.01%	$416.31M$416,314,809	$22,780,968 22.77M USDD	416.2M USDD
174	EURC EURC	$1.14	0.15%	0.10%	0.44%	$198.05M$198,047,951	$42,721,891 37.18M EURC	172.37M EURC
	Usual USDUSD0	$1.00
	Ondo US Dollar YieldUSDY	$1.09
	Falcon USDUSDf	$1.00
	Ripple USDRLUSD	$1.00
	Global DollarUSDG	$1.00
	Legacy Frax DollarFRAX	$1.00
	OpenEden OpenDollarUSDO	$1.00
	Elixir deUSDDEUSD	$1.00
	STASIS EUROEURS	$1.14
	AUSDAUSD	$1.00
	Ethena Labs (USDtb)USDtb	$1.00
	Lift DollarUSDL	$1.00
	USDBUSDB	$1.00
	Frax USDFRXUSD	$1.00
	StraitsX USDXUSD	$1.00
	Pax DollarUSDP	$1.00
	lisUSDlisUSD	$1.00
	Venus BUSDvBUSD	$0.02
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.00
	EuriteEURI	$1.15
	Gemini DollarGUSD	$1.00
	EUR CoinVertibleEURCV	$1.15
	Tether EURtEURt	$1.14
	Liquity USDLUSD	$1.00
	sUSDSUSD	$0.95
	Celo DollarCUSD	$1.00
	StandX DUSDDUSD	$1.00
	AmpleforthAMPL	$1.08
	MNEEMNEE	$1.00
	Aegis YUSDYUSD	$1.00
	ZUSDZUSD	$1.01
	Rupiah TokenIDRT	$0.00
	GYENGYEN	$0.01
	BIDRBIDR	$0.00
	StablR EuroEURR	$1.15
	Worldwide USDWUSD	$1.00
	USDJUSDJ	$1.11
	XSGDXSGD	$0.77
	Origin DollarOUSD	$1.00
	Quantoz USDQUSDQ	$1.00
	Steem DollarsSBD	$0.73
	Venus DAIvDAI	$0.03
	StablR USDUSDR	$1.00
	VNX Swiss FrancVCHF	$1.22
	Quantoz EURQEURQ	$1.15
	Celo EuroCEUR	$1.15
	SMARDEX USDNUSDN	$1.00
	Fei USDFEI	$1.00
	DjedDJED	$1.00
	VNX EuroVEUR	$1.15
	VaiVAI	$1.00
	Verified USDUSDV	$0.12
	Sperax USDUSDs	$1.04
	IDRXIDRX	$0.00
	Reflexer Ungovernance TokenFLX	$2.12
	Prisma mkUSDMKUSD	$1.01
	TheStandard USDUSDS	$0.99
	StandardSTND	$0.00
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	GHOGHO	$1.00
	xUSDxUSD	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	Stables Labs (USDX)USDX	$1.00
	USDP StablecoinUSDP	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Angle ProtocolEURA	$1.15
	USDAUSDA	$1.00
	xDAIxDAI	$0.99
	ZedxionUSDZ	$1.00
	Magic Internet MoneyMIM	$1.00
	Amnis Aptos CoinAMAPT	$3.94
	Fathom DollarFXD	$0.96
	One CashONC	$0.06
	Meter StableMTR	$0.59
	DOLADOLA	$1.00
	Solayer USDSUSD	$1.10
	EdelcoinEDLC	$2.62
	Brazilian Digital TokenBRZ	$0.18
	Moola Celo USDmCUSD	$0.99
	VNX British PoundVGBP	$1.34
	BounceBit USDBBUSD	$1.01
	USDHUSDH	$1.00
	MAIMIMATIC	$0.68
	Decentralized USD (DefiChain)DUSD	$0.09
	Inter Stable TokenIST	$1.00
	Moola Celo EURmCEUR	$1.15
	JPYC PrepaidJPYC	$0.01
	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?

Related Articles