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	$0.9999	0.01%	0.04%	0.02%	$110.94B$110,939,793,031	$47,343,853,601 47,350,759,944 USDT	110,955,976,511 USDT
6	USDC USDC	$0.9999	0.01%	0.00%	0.00%	$33.11B$33,105,750,054	$5,322,646,944 5,322,951,318 USDC	33,107,643,195 USDC
22	Dai DAI	$0.9999	0.00%	0.02%	0.03%	$5.35B$5,347,808,553	$615,527,785 615,536,998 DAI	5,347,888,596 DAI
27	First Digital USD FDUSD	$1.00	0.04%	0.04%	0.04%	$3.82B$3,817,150,426	$6,176,870,370 6,174,913,188 FDUSD	3,815,940,936 FDUSD
107	USDD USDD	$0.9972	0.07%	0.12%	0.12%	$723.29M$723,290,164	$5,848,676 5,865,190 USDD	725,332,428 USDD
134	TrueUSD TUSD	$1.00	0.02%	0.12%	0.08%	$509.74M$509,740,078	$40,469,591 40,466,526 TUSD	509,701,467 TUSD
170	PayPal USD PYUSD	$0.9992	0.12%	0.02%	0.01%	$377.78M$377,783,941	$8,857,574 8,864,590 PYUSD	378,083,200 PYUSD
209	Ethena USDe USDe	$1.00	0.02%	0.06%	0.23%	$2.3B$2,302,029,935	$46,590,489 46,533,001 USDE	2,299,189,489 USDe
216	Frax FRAX	$0.9983	0.00%	0.02%	0.04%	$648.33M$648,328,010	$17,020,885 17,049,928 FRAX	649,434,271 FRAX
224	USDB USDB	$0.9995	0.14%	0.21%	0.29%	$346.42M$346,419,848	$33,625,388 33,643,553 USDB	346,606,984 USDB
	TerraClassicUSDUSTC	$0.02
	Ondo US Dollar YieldUSDY	$1.04
	USDJUSDJ	$1.11
	Pax DollarUSDP	$1.00
	crvUSDCRVUSD	$1.00
	STASIS EUROEURS	$1.08
	Venus USDCvUSDC	$0.02
	Liquity USDLUSD	$1.00
	USDX [Kava]USDX	$0.82
	Gemini DollarGUSD	$1.00
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.08
	Venus BUSDvBUSD	$0.02
	sUSDSUSD	$0.99
	Steem DollarsSBD	$3.63
	ReserveRSV	$1.61
	EURCEURC	$1.07
	Tether EURtEURt	$1.06
	Celo DollarCUSD	$1.00
	XSGDXSGD	$0.74
	Venus USDTvUSDT	$0.02
	USDKUSDK	$0.87
	ZUSDZUSD	$1.00
	Verified USDUSDV	$1.00
	Prisma mkUSDMKUSD	$0.99
	Fei USDFEI	$0.95
	BIDRBIDR	$0.00
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	HUSDHUSD	$0.05
	Origin DollarOUSD	$1.00
	VNX Swiss FrancVCHF	$1.11
	Celo EuroCEUR	$1.08
	Venus DAIvDAI	$0.02
	VaiVAI	$1.00
	DjedDJED	$1.01
	EOSDTEOSDT	$0.95
	VNX EuroVEUR	$1.08
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Savings DaiSDAI	$1.08
	Ethena Staked USDesUSDe	$1.06
	EdelcoinEDLC	$1.06
	DOLADOLA	$1.00
	GHOGHO	$1.00
	USDP StablecoinUSDP	$1.00
	Amnis FinanceAMAPT	$8.70
	lisUSDlisUSD	$0.98
	ZedxionUSDZ	$1.00
	Worldwide USDWUSD	$1.00
	Angle ProtocolEURA	$1.07
	Brazilian Digital TokenBRZ	$0.19
	Fathom DollarFXD	$1.00
	TON Bridged USDTJUSDT	$1.00
	xDAIxDAI	$1.00
	USDHUSDH	$0.96
	DRAMDRAM	$1.00
	MAIMIMATIC	$0.85
	Magic Internet MoneyMIM	$0.99
	Moola Celo USDmCUSD	$1.00
	Overnight DAI+DAI+	$1.00
	XIDRXIDR	$0.00
	JPY CoinJPYC	$0.01
	Decentralized USD (DefiChain)DUSD	$0.41
	Sperax USDUSDs	$1.00
	Meter StableMTR	$0.72
	Inter Stable TokenIST	$1.00
	One CashONC	$0.09
	Moola Celo EURmCEUR	$1.08
	dForce USDUSX	$0.98
	wanUSDTWANUSDT	$1.01
	Mad USDMUSD	$0.40
	Fantom USDFUSD	$0.46
	ParallelPAR	$0.96
	TON Bridged USDCJUSDC	$0.96
	CryptoFrancXCHF	$1.11
	BiLiraTRYB	$0.03
	Tether MXNtMXNt	$0.06
	ZARP StablecoinZARP	$0.05
	TORTOR	$0.02
	YUSD StablecoinYUSD	$0.99
	USNUSN	$0.84
	SORA Synthetic USDXSTUSD	$0.37
	USD BancorUSDB	$0.24
	JPY Coin v1JPYC	$0.01
	Moremoney USDMONEY	$1.02
	xDollar StablecoinXUSD	$1.05
	DigixDAODGD	$65.51
	Digix Gold TokenDGX	$45.41

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?