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	$0.9998	0.01%	0.02%	0.03%	$111.34B$111,340,491,671	$102,880,089,573 102,902,011,536 USDT	111,364,216,399 USDT
6	USDC USDC	$0.9998	0.01%	0.02%	0.02%	$33.22B$33,224,159,383	$11,355,872,629 11,358,520,020 USDC	33,231,904,921 USDC
23	Dai DAI	$0.9999	0.00%	0.00%	0.01%	$5.35B$5,347,172,113	$828,818,178 828,929,234 DAI	5,347,888,596 DAI
30	First Digital USD FDUSD	$0.9993	0.01%	0.05%	0.14%	$3.49B$3,488,943,798	$7,870,039,680 7,875,899,721 FDUSD	3,491,541,670 FDUSD
108	USDD USDD	$0.9963	0.13%	0.23%	0.19%	$729.88M$729,884,617	$8,850,969 8,883,647 USDD	732,579,312 USDD
137	TrueUSD TUSD	$1.00	0.03%	0.02%	0.15%	$510.02M$510,015,591	$82,627,827 82,576,936 TUSD	509,701,467 TUSD
176	PayPal USD PYUSD	$1.00	0.10%	0.16%	0.31%	$399.42M$399,422,189	$11,987,425 11,977,837 PYUSD	399,102,730 PYUSD
209	Ethena USDe USDe	$1.00	0.00%	0.02%	0.03%	$2.51B$2,510,111,066	$219,477,914 219,172,054 USDE	2,506,613,022 USDe
219	Frax FRAX	$0.998	0.00%	0.04%	0.05%	$648.15M$648,147,798	$24,115,481 24,163,346 FRAX	649,434,271 FRAX
227	USDB USDB	$1.01	0.11%	0.26%	0.56%	$377.92M$377,918,531	$148,768,073 147,861,386 USDB	375,615,257 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	$1.10
	Venus BUSDvBUSD	$0.02
	ReserveRSV	$1.81
	Steem DollarsSBD	$3.74
	sUSDSUSD	$1.00
	EURCEURC	$1.09
	Tether EURtEURt	$1.08
	Celo DollarCUSD	$1.00
	XSGDXSGD	$0.75
	Venus USDTvUSDT	$0.02
	USDKUSDK	$0.85
	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	$1.11
	Celo EuroCEUR	$1.09
	Venus DAIvDAI	$0.02
	VaiVAI	$1.00
	DjedDJED	$0.99
	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
	lisUSDlisUSD	$1.00
	ZedxionUSDZ	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Fathom DollarFXD	$1.00
	Brazilian Digital TokenBRZ	$0.20
	Worldwide USDWUSD	$1.00
	Angle ProtocolEURA	$1.09
	Amnis Aptos CoinAMAPT	$8.95
	USDHUSDH	$0.95
	xDAIxDAI	$1.00
	Magic Internet MoneyMIM	$0.99
	Decentralized USD (DefiChain)DUSD	$0.37
	DRAMDRAM	$1.00
	TON Bridged USDTJUSDT	$1.00
	Moola Celo USDmCUSD	$1.01
	Inter Stable TokenIST	$1.00
	XIDRXIDR	$0.00
	MAIMIMATIC	$0.45
	JPY CoinJPYC	$0.01
	Sperax USDUSDs	$1.00
	Meter StableMTR	$0.69
	ZARP StablecoinZARP	$0.05
	Overnight DAI+DAI+	$1.00
	One CashONC	$0.10
	CryptoFrancXCHF	$1.11
	dForce USDUSX	$0.98
	Moola Celo EURmCEUR	$1.10
	Fantom USDFUSD	$0.53
	ParallelPAR	$1.02
	BiLiraTRYB	$0.03
	Tether MXNtMXNt	$0.06
	TON Bridged USDCJUSDC	$0.93
	JPY Coin v1JPYC	$0.01
	SORA Synthetic USDXSTUSD	$0.45
	Mad USDMUSD	$0.36
	wanUSDTWANUSDT	$1.00
	TORTOR	$0.02
	WEMIX DollarWEMIX$	$1.00
	YUSD StablecoinYUSD	$1.00
	xDollar StablecoinXUSD	$1.06
	Moremoney USDMONEY	$1.02
	USD BancorUSDB	$0.40
	USNUSN	$0.98

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?