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	$0.9997	0.00%	0.04%	0.02%	$111.33B$111,332,741,773	$122,714,567,000 122,749,259,357 USDT	111,364,216,399 USDT
6	USDC USDC	$0.9999	0.00%	0.01%	0.02%	$33.2B$33,202,104,758	$13,050,228,973 13,051,178,931 USDC	33,204,521,619 USDC
23	Dai DAI	$0.9999	0.00%	0.01%	0.01%	$5.35B$5,347,185,844	$880,802,939 880,918,698 DAI	5,347,888,596 DAI
31	First Digital USD FDUSD	$0.9991	0.03%	0.04%	0.12%	$3.46B$3,459,580,055	$10,272,015,942 10,281,347,180 FDUSD	3,462,722,785 FDUSD
109	USDD USDD	$0.9967	0.07%	0.12%	0.04%	$730.24M$730,238,153	$8,980,134 9,009,721 USDD	732,644,034 USDD
139	TrueUSD TUSD	$0.9996	0.01%	0.05%	0.05%	$509.51M$509,505,461	$86,931,133 86,964,576 TUSD	509,701,467 TUSD
178	PayPal USD PYUSD	$0.999	0.14%	0.00%	0.10%	$398.72M$398,717,733	$12,802,341 12,814,703 PYUSD	399,102,730 PYUSD
209	Ethena USDe USDe	$1.00	0.01%	0.02%	0.04%	$2.52B$2,518,765,446	$251,786,405 251,470,361 USDE	2,515,603,870 USDe
219	Frax FRAX	$0.9979	0.03%	0.05%	0.00%	$648.07M$648,068,741	$26,634,385 26,690,506 FRAX	649,434,271 FRAX
227	USDB USDB	$1.01	0.16%	0.40%	0.60%	$383.33M$383,332,139	$176,345,313 175,370,021 USDB	381,212,091 USDB
	Ondo US Dollar YieldUSDY	$1.04
	USDJUSDJ	$1.08
	TerraClassicUSDUSTC	$0.02
	Pax DollarUSDP	$1.00
	crvUSDCRVUSD	$1.00
	STASIS EUROEURS	$1.09
	Venus USDCvUSDC	$0.02
	Liquity USDLUSD	$1.00
	USDX [Kava]USDX	$0.82
	Gemini DollarGUSD	$0.99
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.09
	Venus BUSDvBUSD	$0.02
	ReserveRSV	$1.84
	Steem DollarsSBD	$3.83
	sUSDSUSD	$1.00
	EURCEURC	$1.09
	Tether EURtEURt	$1.08
	Celo DollarCUSD	$1.00
	XSGDXSGD	$0.75
	Venus USDTvUSDT	$0.02
	USDKUSDK	$0.86
	ZUSDZUSD	$1.00
	Verified USDUSDV	$1.00
	BIDRBIDR	$0.00
	Fei USDFEI	$0.99
	Prisma mkUSDMKUSD	$0.99
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	HUSDHUSD	$0.05
	Origin DollarOUSD	$1.00
	VNX Swiss FrancVCHF	$1.10
	Celo EuroCEUR	$1.09
	Venus DAIvDAI	$0.02
	VaiVAI	$1.00
	DjedDJED	$1.01
	EOSDTEOSDT	$1.06
	VNX EuroVEUR	$1.08
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Savings DaiSDAI	$1.08
	Ethena Staked USDesUSDe	$1.07
	EdelcoinEDLC	$1.06
	USDP StablecoinUSDP	$1.00
	GHOGHO	$1.00
	DOLADOLA	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	lisUSDlisUSD	$1.00
	ZedxionUSDZ	$1.00
	Fathom DollarFXD	$1.00
	Amnis Aptos CoinAMAPT	$9.23
	Brazilian Digital TokenBRZ	$0.20
	Worldwide USDWUSD	$1.00
	Angle ProtocolEURA	$1.09
	USDHUSDH	$0.95
	xDAIxDAI	$1.00
	Magic Internet MoneyMIM	$0.99
	DRAMDRAM	$1.00
	Decentralized USD (DefiChain)DUSD	$0.36
	TON Bridged USDTJUSDT	$1.00
	JPY CoinJPYC	$0.01
	Moola Celo USDmCUSD	$1.01
	XIDRXIDR	$0.00
	Meter StableMTR	$0.69
	MAIMIMATIC	$0.47
	Inter Stable TokenIST	$1.00
	Sperax USDUSDs	$1.00
	ZARP StablecoinZARP	$0.05
	One CashONC	$0.10
	dForce USDUSX	$0.98
	CryptoFrancXCHF	$1.11
	Moola Celo EURmCEUR	$1.09
	ParallelPAR	$1.01
	Overnight DAI+DAI+	$1.00
	Fantom USDFUSD	$0.53
	BiLiraTRYB	$0.03
	JPY Coin v1JPYC	$0.01
	TON Bridged USDCJUSDC	$0.84
	Tether MXNtMXNt	$0.06
	SORA Synthetic USDXSTUSD	$0.38
	Mad USDMUSD	$0.36
	wanUSDTWANUSDT	$1.00
	TORTOR	$0.02
	YUSD StablecoinYUSD	$1.00
	WEMIX DollarWEMIX$	$1.00
	xDollar StablecoinXUSD	$1.05
	USD BancorUSDB	$0.40
	USNUSN	$0.98
	DigixDAODGD	$71.82

Top Stablecoin Tokens by Market Capitalization

Frequently Asked Questions (FAQs)

How do Stablecoins work?

What are the different types of Stablecoins?

What are the advantages of Stablecoins?

What are the disadvantages of Stablecoins?