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	0.00%	0.00%	0.00%	$153.19B$153,189,241,702	$65,109,537,784 65.09B USDT	153.14B USDT
7	USDC USDC	$0.9997	0.01%	0.01%	0.02%	$61.18B$61,183,491,951	$9,826,632,671 9.82B USDC	61.19B USDC
24	Ethena USDe USDe	$1.00	0.01%	0.00%	0.04%	$5.7B$5,696,064,958	$106,792,105 106.67M USDe	5.68B USDe
26	Dai DAI	$1.00	0.01%	0.02%	0.02%	$5.37B$5,365,487,840	$18,502,883,832 18.50B DAI	5.36B DAI
44	World Liberty Financial USD USD1	$1.00	0.01%	0.05%	0.03%	$2.17B$2,171,899,980	$247,306,283 247.27M USD1	2.17B USD1
54	First Digital USD FDUSD	$0.9984	0.01%	0.03%	0.01%	$1.6B$1,603,493,428	$4,890,272,400 4.89B FDUSD	1.6B FDUSD
76	PayPal USD PYUSD	$0.9996	0.00%	0.04%	0.01%	$956.53M$956,532,209	$7,807,260 7.81M PYUSD	956.89M PYUSD
113	TrueUSD TUSD	$0.9983	0.01%	0.00%	0.02%	$494.7M$494,698,151	$53,070,206 53.15M TUSD	495.51M TUSD
140	USDD USDD	$1.00	0.04%	0.02%	0.02%	$378.61M$378,609,812	$11,219,497 11.21M USDD	378.53M USDD
206	Usual USD USD0	$0.9979	0.01%	0.03%	0.02%	$629.82M$629,821,763	$4,833,461 4.84M USD0	631.11M USD0
	Ondo US Dollar YieldUSDY	$1.09
	Falcon USDUSDf	$1.00
	Global DollarUSDG	$1.00
	Legacy Frax DollarFRAX	$1.00
	Ripple USDRLUSD	$1.00
	OpenEden OpenDollarUSDO	$1.01
	GHOGHO	$1.00
	EURCEURC	$1.14
	Elixir deUSDDEUSD	$1.00
	STASIS EUROEURS	$1.14
	AUSDAUSD	$1.00
	Lift DollarUSDL	$1.00
	USDBUSDB	$0.99
	Frax USDFRXUSD	$1.00
	Pax DollarUSDP	$1.00
	lisUSDlisUSD	$1.00
	Venus BUSDvBUSD	$0.02
	Anchored Coins AEURAEUR	$1.02
	BUSDBUSD	$1.00
	Gemini DollarGUSD	$1.00
	EUR CoinVertibleEURCV	$1.14
	EuriteEURI	$1.14
	StraitsX USDXUSD	$1.00
	Liquity USDLUSD	$1.00
	Tether EURtEURt	$1.12
	Celo DollarCUSD	$1.00
	sUSDSUSD	$0.94
	AmpleforthAMPL	$1.09
	MNEEMNEE	$1.00
	Aegis YUSDYUSD	$1.00
	ZUSDZUSD	$1.00
	Rupiah TokenIDRT	$0.00
	GYENGYEN	$0.01
	BIDRBIDR	$0.00
	Worldwide USDWUSD	$1.00
	StablR EuroEURR	$1.15
	USDJUSDJ	$1.10
	XSGDXSGD	$0.78
	Steem DollarsSBD	$0.89
	Quantoz USDQUSDQ	$1.00
	Origin DollarOUSD	$1.00
	Venus DAIvDAI	$0.03
	StablR USDUSDR	$1.00
	Verified USDUSDV	$0.24
	Quantoz EURQEURQ	$1.14
	Celo EuroCEUR	$1.14
	VNX Swiss FrancVCHF	$1.22
	Fei USDFEI	$0.98
	DjedDJED	$0.99
	SMARDEX USDNUSDN	$1.01
	VaiVAI	$1.00
	VNX EuroVEUR	$1.14
	Sperax USDUSDs	$1.05
	Reflexer Ungovernance TokenFLX	$4.18
	IDRXIDRX	$0.00
	VNX British PoundVGBP	$1.35
	Prisma mkUSDMKUSD	$1.03
	StandardSTND	$0.00
	TheStandard USDUSDS	$1.00
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	Currency One USDUSD1	$1.00
	Savings DaiSDAI	$1.16
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	USDP StablecoinUSDP	$1.00
	xUSDxUSD	$1.00
	Overnight.fi USD+ (Base)USD+	$0.99
	Stables Labs (USDX)USDX	$1.00
	CAD CoinCADC	$0.72
	Solayer USDSUSD	$1.10
	Brazilian Digital TokenBRZ	$0.17
	xDAIxDAI	$1.01
	Angle ProtocolEURA	$1.14
	ZedxionUSDZ	$1.00
	USDAUSDA	$1.00
	Meter StableMTR	$0.46
	One CashONC	$0.05
	Magic Internet MoneyMIM	$1.00
	DOLADOLA	$1.00
	Fathom DollarFXD	$1.00
	JPYC PrepaidJPYC	$0.01
	BounceBit USDBBUSD	$1.00
	MAIMIMATIC	$0.81
	Balance CoinBLC	$1.00
	Moola Celo USDmCUSD	$1.00
	USDHUSDH	$1.00
	EdelcoinEDLC	$3.03
	Decentralized USD (DefiChain)DUSD	$0.07
	Inter Stable TokenIST	$1.00
	ZARP StablecoinZARP	$0.05

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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