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	0.02%	0.03%	0.00%	$158.85B$158,845,278,812	$99,182,789,750 99.14B	158.78B USDT
7	USDC USDC	$0.9999	0.00%	0.00%	0.01%	$62.52B$62,523,173,576	$12,604,667,701 12.60B	62.52B USDC
24	Dai DAI	$1.00	0.01%	0.01%	0.02%	$5.37B$5,366,260,818	$20,697,573,266 20.69B	5.36B DAI
25	Ethena USDe USDe	$1.00	0.00%	0.03%	0.07%	$5.32B$5,322,713,609	$158,351,361 158.20M	5.31B USDe
39	World Liberty Financial USD USD1	$1.00	0.01%	0.00%	0.03%	$2.21B$2,209,017,488	$634,713,892 634.66M	2.2B USD1
57	First Digital USD FDUSD	$0.9985	0.01%	0.03%	0.03%	$1.45B$1,450,340,727	$7,074,839,914 7.08B	1.45B FDUSD
77	PayPal USD PYUSD	$0.9997	0.03%	0.02%	0.02%	$902.71M$902,711,534	$22,410,734 22.41M	902.92M PYUSD
112	Ripple USD RLUSD	$0.9998	0.00%	0.00%	0.01%	$501.17M$501,169,842	$58,279,393 58.28M	501.24M RLUSD
115	TrueUSD TUSD	$0.9978	0.01%	0.05%	0.01%	$493.46M$493,459,779	$49,504,063 49.60M	494.51M TUSD
124	USDD USDD	$1.00	0.02%	0.02%	0.03%	$435.52M$435,517,833	$8,718,280 8.71M	435.38M USDD
	EURCEURC	$1.17
	Ondo US Dollar YieldUSDY	$1.10
	Usual USDUSD0	$1.00
	Falcon USDUSDf	$1.00
	Global DollarUSDG	$1.00
	Legacy Frax DollarFRAX	$1.00
	Elixir deUSDDEUSD	$1.00
	Ethena Labs (USDtb)USDtb	$1.00
	STASIS EUROEURS	$1.17
	AUSDAUSD	$1.00
	Lift DollarUSDL	$1.00
	Frax USDFRXUSD	$1.00
	USDBUSDB	$1.00
	Pax DollarUSDP	$1.00
	Anchored Coins AEURAEUR	$1.17
	lisUSDlisUSD	$1.00
	StraitsX USDXUSD	$1.00
	Venus BUSDvBUSD	$0.02
	EuriteEURI	$1.17
	BUSDBUSD	$1.00
	EUR CoinVertibleEURCV	$1.17
	Gemini DollarGUSD	$1.00
	Tether EURtEURt	$1.14
	Liquity USDLUSD	$1.00
	sUSDSUSD	$0.93
	Celo DollarCUSD	$1.00
	AmpleforthAMPL	$1.23
	MNEEMNEE	$1.00
	StandX DUSDDUSD	$1.00
	Aegis YUSDYUSD	$1.00
	ZUSDZUSD	$1.00
	GYENGYEN	$0.01
	BIDRBIDR	$0.00
	StablR EuroEURR	$1.17
	Rupiah TokenIDRT	$0.00
	XSGDXSGD	$0.78
	USDJUSDJ	$1.10
	Verified USDUSDV	$0.56
	Origin DollarOUSD	$1.00
	Quantoz USDQUSDQ	$1.00
	Steem DollarsSBD	$0.80
	Venus DAIvDAI	$0.03
	StablR USDUSDR	$1.00
	VNX Swiss FrancVCHF	$1.26
	Quantoz EURQEURQ	$1.17
	Celo EuroCEUR	$1.17
	Worldwide USDWUSD	$1.00
	SMARDEX USDNUSDN	$0.99
	Fei USDFEI	$0.98
	DjedDJED	$0.98
	VNX EuroVEUR	$1.18
	VaiVAI	$1.00
	IDRXIDRX	$0.00
	Sperax USDUSDs	$1.00
	Reflexer Ungovernance TokenFLX	$3.18
	Prisma mkUSDMKUSD	$1.01
	TheStandard USDUSDS	$0.98
	StandardSTND	$0.00
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	GHOGHO	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	xUSDxUSD	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	CAD CoinCADC	$0.74
	USDP StablecoinUSDP	$1.00
	xDAIxDAI	$1.02
	ZedxionUSDZ	$1.00
	Solayer USDSUSD	$1.10
	Amnis Aptos CoinAMAPT	$4.57
	Meter StableMTR	$0.53
	One CashONC	$0.06
	Stables Labs (USDX)USDX	$1.00
	MAIMIMATIC	$0.36
	Brazilian Digital TokenBRZ	$0.18
	CriptodólarUXD	$1.00
	VNX British PoundVGBP	$1.38
	DOLADOLA	$1.00
	Magic Internet MoneyMIM	$1.00
	Fathom DollarFXD	$0.69
	EdelcoinEDLC	$3.07
	Savings DaiSDAI	$1.16
	JPYC PrepaidJPYC	$0.01
	Moola Celo USDmCUSD	$1.02
	USDHUSDH	$1.00
	dForce USDUSX	$0.99
	Angle ProtocolEURA	$1.17
	Overnight.fi USD+ (Optimism)USD+	$1.00
	Moola Celo EURmCEUR	$1.17
	Inter Stable TokenIST	$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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