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	$0.9985	0.01%	0.01%	0.09%	$186.69B$186,692,698,689	$47,985,327,068 48.05B	186.96B USDT
7	USDC USDC	$0.9997	0.01%	0.00%	0.00%	$74.62B$74,622,159,292	$4,759,944,707 4.76B	74.64B USDC
18	Ethena USDe USDe	$0.9989	0.01%	0.02%	0.04%	$6.34B$6,341,661,353	$49,898,617 49.95M	6.34B USDe
23	Dai DAI	$0.9995	0.01%	0.02%	0.01%	$5.36B$5,362,831,055	$97,285,450 97.33M	5.36B DAI
29	PayPal USD PYUSD	$0.9997	0.00%	0.01%	0.02%	$3.68B$3,681,196,635	$26,171,829 26.17M	3.68B PYUSD
32	World Liberty Financial USD USD1	$0.9996	0.01%	0.01%	0.08%	$3.4B$3,402,519,152	$609,795,016 610.00M	3.4B USD1
49	Global Dollar USDG	$0.9997	0.01%	0.00%	0.02%	$1.53B$1,533,550,130	$6,247,523 6.24M	1.53B USDG
55	Ripple USD RLUSD	$0.9994	0.01%	0.03%	0.02%	$1.34B$1,335,461,828	$47,830,131 47.85M	1.33B RLUSD
66	USDD USDD	$0.9984	0.00%	0.00%	0.09%	$933.83M$933,831,238	$2,403,660 2.40M	935.24M USDD
92	First Digital USD FDUSD	$0.9983	0.04%	0.05%	0.03%	$495.48M$495,478,009	$1,674,445,992 1.67B	496.31M FDUSD
	TrueUSDTUSD	$1.00
	United StablesU	$1.00
	EURCEURC	$1.16
	Falcon USDUSDf	$1.00
	Ondo US Dollar YieldUSDY	$1.12
	Usual USDUSD0	$1.00
	USDaiUSDAI	$1.00
	GHOGHO	$1.00
	Legacy Frax DollarFRAX	$0.99
	AUSDAUSD	$1.00
	StandX DUSDDUSD	$1.00
	GUSDGUSD	$1.00
	STASIS EUROEURS	$1.16
	Frax USDFRXUSD	$1.00
	MNEEMNEE	$1.00
	EUR CoinVertibleEURCV	$1.16
	lisUSDlisUSD	$1.00
	Venus BUSDvBUSD	$0.02
	Anchored Coins AEURAEUR	$1.15
	BUSDBUSD	$1.00
	USDHUSDH	$1.00
	EuriteEURI	$1.16
	StraitsX USDXUSD	$1.00
	Pax DollarUSDP	$1.00
	Gemini DollarGUSD	$1.00
	Aegis YUSDYUSD	$1.00
	sUSDSUSD	$0.85
	AmpleforthAMPL	$1.27
	Celo DollarCUSD	$1.00
	Liquity USDLUSD	$1.00
	USD CoinVertibleUSDCV	$1.00
	USDBUSDB	$1.00
	Reserve DollarRSV	$0.96
	MetaMask USDmUSD	$1.00
	AllUnity EUREURAU	$1.16
	ZUSDZUSD	$1.00
	Tether EURtEURt	$0.44
	USDMUSDM	$0.99
	GYENGYEN	$0.01
	StablR EuroEURR	$1.16
	XSGDXSGD	$0.78
	Rupiah TokenIDRT	$0.00
	Origin DollarOUSD	$1.00
	Quantoz USDQUSDQ	$1.00
	StablR USDUSDR	$1.00
	Venus DAIvDAI	$0.03
	USDJUSDJ	$0.65
	Verified USDUSDV	$0.31
	KGSTKGST	$0.01
	Lift DollarUSDL	$1.00
	Steem DollarsSBD	$0.52
	VNX Swiss FrancVCHF	$1.25
	Worldwide USDWUSD	$1.00
	Quantoz EURQEURQ	$1.16
	Celo EuroCEUR	$1.17
	DjedDJED	$1.00
	Fei USDFEI	$0.97
	VNX EuroVEUR	$1.17
	VaiVAI	$1.00
	SMARDEX USDNUSDN	$1.00
	IDRXIDRX	$0.00
	Sperax USDUSDs	$0.99
	Reflexer Ungovernance TokenFLX	$1.90
	TheStandard USDUSDS	$0.98
	Prisma mkUSDMKUSD	$1.00
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	USDT0USDT0	$1.00
	USDP StablecoinUSDP	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	xUSDxUSD	$1.00
	DOLADOLA	$1.00
	Resolv USRUSR	$1.00
	xDAIxDAI	$1.00
	QuoriumQGOLD	$4517.72
	Hyper USDUSDHL	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	AnzensUSDA	$1.00
	Brazilian Digital TokenBRZ	$0.19
	Angle ProtocolEURA	$1.15
	KRWQKRWQ	$0.00
	AxCNHAxCNH	$0.14
	Magic Internet MoneyMIM	$1.00
	Fathom DollarFXD	$0.85
	USDKGUSDKG	$1.00
	Meter StableMTR	$0.33
	One CashONC	$0.02
	VNX British PoundVGBP	$1.35
	MAIMIMATIC	$1.00
	CAD CoinCADC	$0.72

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?

Related Articles