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
4	Tether USDT	$0.9999	0.00%	0.04%	0.11%	$139.44B$139,439,050,446	$152,497,224,459 152,517,246,765 USDT	139,457,358,263 USDT
7	USDC USDC	$1.00	0.00%	0.00%	0.01%	$52.33B$52,329,145,006	$13,056,807,626 13,055,947,759 USDC	52,325,698,829 USDC
26	Ethena USDe USDe	$1.00	0.01%	0.07%	0.30%	$5.77B$5,769,997,971	$116,416,673 116,350,578 USDE	5,766,722,127 USDe
29	Dai DAI	$1.00	0.01%	0.00%	0.01%	$5.37B$5,365,812,460	$278,144,007 278,121,730 DAI	5,365,382,703 DAI
61	First Digital USD FDUSD	$0.9996	0.05%	0.03%	0.13%	$1.83B$1,834,980,775	$10,892,898,091 10,896,823,653 FDUSD	1,835,642,061 FDUSD
111	USDD USDD	$0.9959	0.03%	0.02%	0.26%	$743.32M$743,319,028	$4,518,767 4,537,528 USDD	746,405,230 USDD
139	TrueUSD TUSD	$0.9987	0.03%	0.08%	0.17%	$494.87M$494,865,012	$69,817,783 69,909,639 TUSD	495,516,083 TUSD
140	PayPal USD PYUSD	$1.00	0.03%	0.06%	0.02%	$486.73M$486,732,784	$73,965,499 73,941,503 PYUSD	486,574,883 PYUSD
203	Usual USD USD0	$0.9977	0.02%	0.09%	0.18%	$1.21B$1,214,103,786	$36,492,245 36,577,644 USD0	1,216,945,014 USD0
208	Frax FRAX	$0.996	0.00%	0.07%	0.07%	$646.84M$646,835,672	$13,925,387 13,981,313 FRAX	649,433,438 FRAX
	Ondo US Dollar YieldUSDY	$1.07
	USDJUSDJ	$1.14
	STASIS EUROEURS	$1.08
	EURCEURC	$1.04
	Lift DollarUSDL	$1.00
	USDBUSDB	$1.00
	TerraClassicUSDUSTC	$0.01
	Pax DollarUSDP	$1.00
	lisUSDlisUSD	$1.00
	USDX [Kava]USDX	$0.59
	Steem DollarsSBD	$4.73
	BUSDBUSD	$1.00
	Venus BUSDvBUSD	$0.02
	Liquity USDLUSD	$0.99
	Gemini DollarGUSD	$1.00
	Anchored Coins AEURAEUR	$0.94
	EUR CoinVertibleEURCV	$1.05
	Tether EURtEURt	$1.03
	XSGDXSGD	$0.74
	Celo DollarCUSD	$1.00
	Global DollarUSDG	$1.00
	EuriteEURI	$1.04
	Reserve DollarRSV	$1.00
	sUSDSUSD	$0.98
	ZUSDZUSD	$1.00
	Rupiah TokenIDRT	$0.00
	Verified USDUSDV	$1.00
	Worldwide USDWUSD	$1.00
	MNEEMNEE	$1.00
	GYENGYEN	$0.01
	VNX Swiss FrancVCHF	$1.11
	BIDRBIDR	$0.00
	Origin DollarOUSD	$1.01
	HUSDHUSD	$0.04
	Venus DAIvDAI	$0.02
	Fei USDFEI	$0.98
	VNX EuroVEUR	$1.05
	Celo EuroCEUR	$1.04
	DjedDJED	$0.98
	VaiVAI	$0.99
	StablR EuroEURR	$1.04
	Sperax USDUSDs	$1.01
	Prisma mkUSDMKUSD	$1.00
	EdelcoinEDLC	$0.02
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Ripple USDRLUSD	$1.00
	Savings DaiSDAI	$1.14
	AUSDAUSD	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	Gyroscope GYDGYD	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Amnis Aptos CoinAMAPT	$7.61
	USDP StablecoinUSDP	$1.00
	GHOGHO	$1.00
	DOLADOLA	$0.99
	Overnight.fi USD+ (Blast)USD+	$1.00
	Fathom DollarFXD	$1.00
	XUSDXUSD	$1.00
	Magic Internet MoneyMIM	$1.00
	xDAIxDAI	$1.03
	Overnight.fi USD+ (Arbitrum)USD+	$1.00
	Angle ProtocolEURA	$1.04
	CriptodólarUXD	$1.00
	usdx.money (USDX)USDX	$1.00
	USDHUSDH	$1.00
	ZedxionUSDZ	$1.00
	Brazilian Digital TokenBRZ	$0.17
	Quantoz EURQEURQ	$1.04
	XIDRXIDR	$0.00
	JPYC PrepaidJPYC	$0.01
	BounceBit USDBBUSD	$1.00
	Decentralized USD (DefiChain)DUSD	$0.04
	MAIMIMATIC	$0.71
	Inter Stable TokenIST	$0.99
	Moola Celo USDmCUSD	$1.00
	ZARP StablecoinZARP	$0.05
	wanUSDTWANUSDT	$1.01
	dForce USDUSX	$0.99
	Moola Celo EURmCEUR	$1.04
	BiLiraTRYB	$0.03
	Overnight.fi USD+ (Optimism)USD+	$1.00
	One CashONC	$0.06
	Tether MXNtMXNt	$0.05
	Quantoz USDQUSDQ	$1.00
	Meter StableMTR	$0.57
	JPY Coin v1JPYC	$0.01
	YUSD StablecoinYUSD	$0.99
	Mad USDMUSD	$0.02

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?