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	0.00%	0.04%	0.05%	$114.3B$114,300,189,237	$52,718,069,488 52,710,685,462 USDT	114,284,179,631 USDT
6	USDC USDC	$1.00	0.01%	0.02%	0.01%	$34.13B$34,131,187,539	$5,811,846,022 5,810,797,739 USDC	34,125,031,294 USDC
19	Dai DAI	$1.00	0.01%	0.01%	0.02%	$5.35B$5,347,896,023	$119,316,438 119,316,272 DAI	5,347,888,596 DAI
47	First Digital USD FDUSD	$1.00	0.06%	0.07%	0.09%	$2.01B$2,007,758,151	$3,795,176,463 3,795,173,372 FDUSD	2,007,756,516 FDUSD
93	USDD USDD	$0.9995	0.09%	0.16%	0.03%	$735.84M$735,842,144	$5,223,666 5,226,185 USDD	736,197,073 USDD
111	PayPal USD PYUSD	$1.00	0.06%	0.10%	0.17%	$587.33M$587,325,839	$11,670,678 11,666,439 PYUSD	587,112,507 PYUSD
126	TrueUSD TUSD	$1.00	0.01%	0.03%	0.08%	$495.5M$495,495,519	$41,236,389 41,211,923 TUSD	495,201,533 TUSD
201	Edelcoin EDLC	$1.12	0.04%	0.06%	0.10%	$6.2B$6,204,629,418	$5,636,035 5,011,358 EDLC	5,516,931,200 EDLC
202	Ethena USDe USDe	$0.9988	0.02%	0.03%	0.12%	$3.25B$3,248,585,952	$131,038,755 131,190,538 USDE	3,252,348,807 USDe
207	Frax FRAX	$0.9971	0.00%	0.03%	0.02%	$647.52M$647,523,798	$13,919,961 13,961,030 FRAX	649,434,271 FRAX
	USDBUSDB	$1.00
	Ondo US Dollar YieldUSDY	$1.05
	USDJUSDJ	$1.08
	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	$1.00
	Anchored Coins AEURAEUR	$1.09
	Venus BUSDvBUSD	$0.02
	Tether EURtEURt	$1.05
	EURCEURC	$1.09
	Steem DollarsSBD	$2.65
	Celo DollarCUSD	$1.00
	ReserveRSV	$1.00
	XSGDXSGD	$0.74
	sUSDSUSD	$1.00
	USDKUSDK	$0.83
	ZUSDZUSD	$1.01
	Verified USDUSDV	$1.00
	BIDRBIDR	$0.00
	Fei USDFEI	$0.95
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	HUSDHUSD	$0.04
	VNX Swiss FrancVCHF	$1.12
	Prisma mkUSDMKUSD	$0.99
	Origin DollarOUSD	$1.00
	Venus DAIvDAI	$0.02
	Celo EuroCEUR	$1.09
	VaiVAI	$1.00
	DjedDJED	$1.01
	VNX EuroVEUR	$1.09
	EOSDTEOSDT	$0.47
	Sperax USDUSDs	$1.00
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Savings DaiSDAI	$1.10
	GHOGHO	$0.99
	USDP StablecoinUSDP	$1.00
	lisUSDlisUSD	$1.00
	XUSDXUSD	$1.00
	Worldwide USDWUSD	$1.00
	ZedxionUSDZ	$1.00
	Gyroscope GYDGYD	$1.00
	DOLADOLA	$1.00
	Fathom DollarFXD	$1.01
	xDAIxDAI	$1.01
	Brazilian Digital TokenBRZ	$0.18
	Magic Internet MoneyMIM	$1.00
	USDHUSDH	$0.96
	Angle ProtocolEURA	$1.09
	Decentralized USD (DefiChain)DUSD	$0.03
	JPY CoinJPYC	$0.01
	XIDRXIDR	$0.00
	BounceBit USDBBUSD	$0.99
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Amnis Aptos CoinAMAPT	$6.81
	Moola Celo USDmCUSD	$1.00
	Inter Stable TokenIST	$1.00
	Overnight DAI+DAI+	$1.00
	MAIMIMATIC	$0.69
	CryptoFrancXCHF	$1.13
	ZARP StablecoinZARP	$0.05
	Moola Celo EURmCEUR	$1.09
	One CashONC	$0.09
	Meter StableMTR	$0.54
	BiLiraTRYB	$0.03
	Tether MXNtMXNt	$0.05
	TORTOR	$0.01
	dForce USDUSX	$1.00
	Mad USDMUSD	$0.05
	Fantom USDFUSD	$0.47
	Moremoney USDMONEY	$1.02
	USNUSN	$0.98
	JPY Coin v1JPYC	$0.01
	xDollar StablecoinXUSD	$1.05
	USD BancorUSDB	$0.50
	ParallelPAR	$0.45
	wanUSDTWANUSDT	$1.00
	WEMIX DollarWEMIX$	$1.00
	Digix Gold TokenDGX	$48.02
	Karatgold CoinKBC	$0.00
	BRCP TOKENBRCP	$0.22
	SORA Synthetic USDXSTUSD	$0.70
	YUSD StablecoinYUSD	$0.99

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?