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	0.01%	0.04%	0.04%	$114.1B$114,101,940,195	$53,922,200,691 53,914,055,609 USDT	114,084,704,813 USDT
6	USDC USDC	$0.9999	0.01%	0.01%	0.00%	$33.95B$33,945,842,628	$5,721,238,509 5,721,350,957 USDC	33,946,509,820 USDC
20	Dai DAI	$0.9999	0.00%	0.01%	0.04%	$5.35B$5,347,388,507	$89,975,810 89,984,224 DAI	5,347,888,596 DAI
51	First Digital USD FDUSD	$1.00	0.02%	0.04%	0.06%	$1.99B$1,989,182,779	$3,313,642,803 3,313,267,691 FDUSD	1,988,957,599 FDUSD
93	USDD USDD	$0.9994	0.09%	0.03%	0.09%	$739.44M$739,440,676	$6,312,771 6,316,679 USDD	739,898,424 USDD
127	TrueUSD TUSD	$1.00	0.06%	0.06%	0.20%	$495.74M$495,741,403	$50,890,769 50,835,348 TUSD	495,201,533 TUSD
154	PayPal USD PYUSD	$0.9997	0.02%	0.05%	0.07%	$364.91M$364,914,063	$6,873,310 6,875,260 PYUSD	365,017,599 PYUSD
201	Ethena USDe USDe	$1.00	0.01%	0.04%	0.07%	$3.4B$3,401,088,116	$34,593,299 34,590,296 USDE	3,400,792,885 USDe
207	Frax FRAX	$0.9969	0.01%	0.04%	0.04%	$647.44M$647,435,879	$11,807,551 11,843,996 FRAX	649,434,271 FRAX
213	USDB USDB	$1.00	0.18%	0.02%	0.01%	$351.12M$351,124,032	$29,074,038 29,035,885 USDB	350,663,259 USDB
	Ondo US Dollar YieldUSDY	$1.05
	USDJUSDJ	$1.09
	crvUSDCRVUSD	$1.00
	STASIS EUROEURS	$1.09
	Pax DollarUSDP	$1.00
	TerraClassicUSDUSTC	$0.02
	Gemini DollarGUSD	$1.00
	USDX [Kava]USDX	$0.80
	Liquity USDLUSD	$1.00
	BUSDBUSD	$1.01
	Anchored Coins AEURAEUR	$1.09
	Venus BUSDvBUSD	$0.02
	Tether EURtEURt	$1.06
	EURCEURC	$1.09
	Steem DollarsSBD	$2.72
	Celo DollarCUSD	$1.00
	sUSDSUSD	$1.00
	ReserveRSV	$1.00
	XSGDXSGD	$0.74
	USDKUSDK	$0.84
	ZUSDZUSD	$1.00
	Verified USDUSDV	$1.00
	BIDRBIDR	$0.00
	Fei USDFEI	$0.97
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	Prisma mkUSDMKUSD	$0.98
	HUSDHUSD	$0.04
	VNX Swiss FrancVCHF	$1.12
	Origin DollarOUSD	$1.00
	Venus DAIvDAI	$0.02
	Celo EuroCEUR	$1.09
	VaiVAI	$1.00
	DjedDJED	$1.00
	VNX EuroVEUR	$1.09
	EOSDTEOSDT	$0.48
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Savings DaiSDAI	$1.10
	EdelcoinEDLC	$1.13
	USDP StablecoinUSDP	$1.00
	xDollar StablecoinXUSD	$1.00
	GHOGHO	$1.00
	Gyroscope GYDGYD	$1.00
	DOLADOLA	$1.00
	Worldwide USDWUSD	$1.00
	ZedxionUSDZ	$1.00
	lisUSDlisUSD	$1.00
	USDHUSDH	$0.97
	Magic Internet MoneyMIM	$1.00
	Fathom DollarFXD	$1.00
	xDAIxDAI	$1.02
	Brazilian Digital TokenBRZ	$0.18
	Sperax USDUSDs	$1.00
	Decentralized USD (DefiChain)DUSD	$0.03
	BounceBit USDBBUSD	$1.00
	JPY CoinJPYC	$0.01
	XIDRXIDR	$0.00
	Angle ProtocolEURA	$1.09
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	MAIMIMATIC	$0.55
	Moola Celo USDmCUSD	$1.00
	ZARP StablecoinZARP	$0.05
	One CashONC	$0.09
	Overnight DAI+DAI+	$1.00
	Meter StableMTR	$0.58
	Inter Stable TokenIST	$1.00
	Amnis Aptos CoinAMAPT	$7.32
	Tether MXNtMXNt	$0.06
	dForce USDUSX	$1.00
	Moola Celo EURmCEUR	$1.09
	BiLiraTRYB	$0.03
	Fantom USDFUSD	$0.60
	CryptoFrancXCHF	$1.03
	YUSD StablecoinYUSD	$0.99
	Moremoney USDMONEY	$0.98
	JPY Coin v1JPYC	$0.01
	TORTOR	$0.01
	USNUSN	$0.98
	Mad USDMUSD	$0.05
	USD BancorUSDB	$0.53
	wanUSDTWANUSDT	$1.00
	ParallelPAR	$0.45
	Digix Gold TokenDGX	$51.01
	Karatgold CoinKBC	$0.00
	BRCP TOKENBRCP	$0.22
	SORA Synthetic USDXSTUSD	$0.39
	Coin98 DollarCUSD	$0.21
	WEMIX DollarWEMIX$	$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?