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	$1.00	0.02%	0.03%	0.02%	$110.96B$110,956,452,921	$47,394,271,675 47,394,068,180 USDT	110,955,976,511 USDT
6	USDC USDC	$1.00	0.00%	0.02%	0.00%	$33.06B$33,061,366,065	$5,242,816,903 5,242,246,794 USDC	33,057,770,940 USDC
22	Dai DAI	$1.00	0.01%	0.03%	0.02%	$5.35B$5,348,340,791	$636,896,121 636,842,272 DAI	5,347,888,596 DAI
27	First Digital USD FDUSD	$1.00	0.05%	0.12%	0.10%	$3.82B$3,817,389,849	$7,155,696,876 7,147,357,409 FDUSD	3,812,940,946 FDUSD
103	USDD USDD	$0.996	0.03%	0.11%	0.21%	$731.36M$731,357,793	$5,875,746 5,899,477 USDD	734,311,495 USDD
133	TrueUSD TUSD	$0.9997	0.02%	0.06%	0.03%	$509.55M$509,550,383	$40,722,471 40,734,545 TUSD	509,701,467 TUSD
169	PayPal USD PYUSD	$0.9989	0.01%	0.08%	0.07%	$377.66M$377,664,616	$11,561,017 11,573,831 PYUSD	378,083,200 PYUSD
209	Ethena USDe USDe	$1.00	0.01%	0.12%	0.20%	$2.3B$2,296,534,531	$42,437,035 42,398,850 USDE	2,294,468,142 USDe
216	Frax FRAX	$0.9983	0.00%	0.03%	0.00%	$648.31M$648,314,745	$17,462,774 17,492,929 FRAX	649,434,271 FRAX
224	USDB USDB	$0.9976	0.10%	0.08%	0.22%	$344.4M$344,403,066	$36,103,924 36,189,730 USDB	345,221,586 USDB
	TerraClassicUSDUSTC	$0.02
	Ondo US Dollar YieldUSDY	$1.03
	USDJUSDJ	$1.10
	Pax DollarUSDP	$1.00
	crvUSDCRVUSD	$1.00
	STASIS EUROEURS	$1.07
	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	$3.58
	ReserveRSV	$1.61
	EURCEURC	$1.07
	Tether EURtEURt	$1.06
	Celo DollarCUSD	$1.00
	Venus USDTvUSDT	$0.02
	XSGDXSGD	$0.74
	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	$0.04
	Origin DollarOUSD	$1.00
	VNX Swiss FrancVCHF	$1.11
	Celo EuroCEUR	$1.08
	Venus DAIvDAI	$0.02
	VaiVAI	$1.00
	DjedDJED	$1.01
	EOSDTEOSDT	$0.93
	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
	GHOGHO	$1.00
	DOLADOLA	$1.00
	EdelcoinEDLC	$1.06
	USDP StablecoinUSDP	$1.00
	ZedxionUSDZ	$1.00
	Amnis FinanceAMAPT	$8.52
	lisUSDlisUSD	$0.98
	Worldwide USDWUSD	$1.00
	Angle ProtocolEURA	$1.07
	Fathom DollarFXD	$1.00
	Brazilian Digital TokenBRZ	$0.19
	xDAIxDAI	$1.01
	TON Bridged USDTJUSDT	$0.99
	USDHUSDH	$0.95
	MAIMIMATIC	$0.51
	DRAMDRAM	$1.00
	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	$0.40
	Sperax USDUSDs	$1.00
	Inter Stable TokenIST	$1.00
	Meter StableMTR	$0.72
	One CashONC	$0.09
	Moola Celo EURmCEUR	$1.08
	dForce USDUSX	$0.98
	wanUSDTWANUSDT	$1.01
	TON Bridged USDCJUSDC	$1.01
	Mad USDMUSD	$0.40
	ParallelPAR	$0.97
	ZARP StablecoinZARP	$0.05
	Tether MXNtMXNt	$0.06
	BiLiraTRYB	$0.03
	Fantom USDFUSD	$0.43
	SORA Synthetic USDXSTUSD	$0.32
	USNUSN	$0.88
	CryptoFrancXCHF	$1.09
	TORTOR	$0.01
	USD BancorUSDB	$0.24
	xDollar StablecoinXUSD	$1.05
	JPY Coin v1JPYC	$0.01
	WEMIX DollarWEMIX$	$1.00
	DigixDAODGD	$65.08
	Digix Gold TokenDGX	$47.99
	Karatgold CoinKBC	$0.00

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?