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	0.05%	0.03%	0.08%	$110.46B$110,455,735,815	$60,897,953,400 60,902,242,667 USDT	110,463,515,619 USDT
6	USDC USDC	$1.00	0.00%	0.02%	0.01%	$33.43B$33,427,244,970	$7,545,042,192 7,544,164,506 USDC	33,423,356,506 USDC
22	Dai DAI	$1.00	0.01%	0.02%	0.03%	$5.35B$5,348,246,416	$521,168,789 521,133,921 DAI	5,347,888,596 DAI
24	First Digital USD FDUSD	$1.00	0.04%	0.03%	0.03%	$4.41B$4,414,050,732	$11,066,114,174 11,064,165,550 FDUSD	4,413,273,465 FDUSD
106	USDD USDD	$0.9828	0.03%	0.27%	0.34%	$712.83M$712,827,549	$8,612,842 8,763,929 USDD	725,332,034 USDD
134	TrueUSD TUSD	$1.00	0.07%	0.04%	0.02%	$510.15M$510,149,035	$47,426,709 47,385,100 TUSD	509,701,467 TUSD
210	Ethena USDe USDe	$0.9985	0.02%	0.01%	0.21%	$2.36B$2,364,860,958	$75,205,420 75,320,462 USDE	2,368,478,504 USDe
218	Frax FRAX	$0.9984	0.02%	0.03%	0.01%	$648.37M$648,368,728	$35,678,472 35,737,107 FRAX	649,434,271 FRAX
228	USDB USDB	$1.00	0.49%	0.76%	0.68%	$330.35M$330,351,719	$39,084,755 39,054,281 USDB	330,094,150 USDB
286	PayPal USD PYUSD	$0.9993	0.01%	0.05%	0.02%	$202.52M$202,521,106	$12,988,727 12,997,521 PYUSD	202,658,227 PYUSD
	USDJUSDJ	$1.12
	TerraClassicUSDUSTC	$0.02
	crvUSDCRVUSD	$1.00
	Pax DollarUSDP	$1.00
	STASIS EUROEURS	$1.07
	Liquity USDLUSD	$1.00
	Gemini DollarGUSD	$1.00
	USDX [Kava]USDX	$0.82
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.07
	Steem DollarsSBD	$3.98
	sUSDSUSD	$1.00
	ReserveRSV	$1.64
	EURCEURC	$1.06
	XSGDXSGD	$0.73
	Tether EURtEURt	$1.05
	Celo DollarCUSD	$1.00
	USDKUSDK	$0.89
	ZUSDZUSD	$1.00
	Prisma mkUSDMKUSD	$0.98
	Verified USDUSDV	$1.00
	Fei USDFEI	$0.98
	BIDRBIDR	$0.00
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	HUSDHUSD	$0.05
	Celo EuroCEUR	$1.07
	Origin DollarOUSD	$1.00
	VaiVAI	$1.00
	DjedDJED	$0.98
	VNX EuroVEUR	$1.07
	EOSDTEOSDT	$0.83
	VNX Swiss FrancVCHF	$1.10
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	IDRXIDRX	$0.00
	Savings DaiSDAI	$1.08
	Ethena Staked USDesUSDe	$1.05
	GHOGHO	$1.00
	Angle ProtocolEURA	$1.05
	USDP StablecoinUSDP	$1.00
	DOLADOLA	$1.00
	ZedxionUSDZ	$1.00
	TON Bridged USDTJUSDT	$0.56
	Amnis FinanceAMAPT	$8.80
	Fathom DollarFXD	$0.99
	Worldwide USDWUSD	$1.00
	Brazilian Digital TokenBRZ	$0.19
	xDAIxDAI	$1.00
	USDHUSDH	$0.96
	DRAMDRAM	$1.00
	Magic Internet MoneyMIM	$0.99
	lisUSDlisUSD	$0.98
	Decentralized USD (DefiChain)DUSD	$0.46
	MAIMIMATIC	$0.96
	Overnight DAI+DAI+	$1.00
	JPY CoinJPYC	$0.01
	Inter Stable TokenIST	$1.00
	Moola Celo USDmCUSD	$1.00
	One CashONC	$0.09
	Sperax USDUSDs	$1.00
	Meter StableMTR	$0.75
	Mad USDMUSD	$0.37
	dForce USDUSX	$0.98
	Moola Celo EURmCEUR	$1.07
	USNUSN	$268.90
	ZARP StablecoinZARP	$0.05
	Fantom USDFUSD	$0.45
	Tether MXNtMXNt	$0.06
	TON Bridged USDCJUSDC	$0.10
	BiLiraTRYB	$0.03
	SORA Synthetic USDXSTUSD	$0.47
	ParallelPAR	$1.00
	CryptoFrancXCHF	$1.09
	xDollar StablecoinXUSD	$1.05
	Moremoney USDMONEY	$0.99
	JPY Coin v1JPYC	$0.01
	TORTOR	$0.02
	USD BancorUSDB	$0.33
	wanUSDTWANUSDT	$1.00
	DigixDAODGD	$66.50
	Digix Gold TokenDGX	$44.45
	Karatgold CoinKBC	$0.00
	CAD CoinCADC	$0.39
	BRCP TOKENBRCP	$0.22
	XIDRXIDR	$0.00
	YUSD StablecoinYUSD	$0.99
	SpiceUSDUSDS	$0.11
	Coin98 DollarCUSD	$0.71
	WEMIX DollarWEMIX$	$1.00

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?