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
4	Tether USDT	$1.00	0.01%	0.02%	0.03%	$167.25B$167,250,613,049	$120,726,343,231 120.69B	167.2B USDT
7	USDC USDC	$0.9999	0.02%	0.02%	0.01%	$69.12B$69,122,547,406	$17,224,108,003 17.22B	69.12B USDC
13	Ethena USDe USDe	$1.00	0.02%	0.02%	0.01%	$12.23B$12,232,329,660	$200,348,770 200.16M	12.22B USDe
26	Dai DAI	$1.00	0.02%	0.01%	0.00%	$5.37B$5,365,827,576	$20,853,481,215 20.85B	5.36B DAI
43	World Liberty Financial USD USD1	$1.00	0.02%	0.05%	0.15%	$2.5B$2,496,227,001	$373,049,932 372.75M	2.49B USD1
63	First Digital USD FDUSD	$0.9981	0.05%	0.07%	0.04%	$1.45B$1,449,791,986	$6,002,160,081 6.01B	1.45B FDUSD
69	PayPal USD PYUSD	$0.9996	0.01%	0.01%	0.01%	$1.17B$1,170,198,077	$55,273,032 55.28M	1.17B PYUSD
101	Ripple USD RLUSD	$0.9997	0.00%	0.02%	0.01%	$687.75M$687,749,058	$67,091,067 67.11M	687.95M RLUSD
118	TrueUSD TUSD	$0.9984	0.02%	0.04%	0.09%	$493.75M$493,747,826	$55,690,736 55.77M	494.51M TUSD
125	USDD USDD	$0.9996	0.05%	0.03%	0.05%	$459.85M$459,845,317	$5,494,578 5.49M	460M USDD
	EURCEURC	$1.16
	Falcon USDUSDf	$1.00
	Ondo US Dollar YieldUSDY	$1.10
	Usual USDUSD0	$1.00
	Global DollarUSDG	$1.00
	GHOGHO	$1.00
	Legacy Frax DollarFRAX	$1.00
	STASIS EUROEURS	$1.16
	Elixir deUSDDEUSD	$1.00
	AUSDAUSD	$1.00
	Noble DollarUSDN	$1.00
	StraitsX USDXUSD	$1.00
	Frax USDFRXUSD	$1.00
	USDBUSDB	$1.00
	lisUSDlisUSD	$1.00
	EUR CoinVertibleEURCV	$1.16
	Pax DollarUSDP	$1.00
	Venus BUSDvBUSD	$0.02
	EuriteEURI	$1.16
	Lift DollarUSDL	$1.00
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.12
	MNEEMNEE	$1.00
	Gemini DollarGUSD	$1.00
	sUSDSUSD	$0.98
	Tether EURtEURt	$1.15
	Liquity USDLUSD	$1.00
	Celo DollarCUSD	$1.00
	AmpleforthAMPL	$1.23
	Aegis YUSDYUSD	$1.00
	StandX DUSDDUSD	$1.00
	ZUSDZUSD	$1.00
	USDJUSDJ	$1.95
	StablR EuroEURR	$1.16
	GYENGYEN	$0.01
	XSGDXSGD	$0.78
	Rupiah TokenIDRT	$0.00
	Origin DollarOUSD	$1.00
	StablR USDUSDR	$1.00
	Steem DollarsSBD	$0.89
	Quantoz USDQUSDQ	$1.00
	Venus DAIvDAI	$0.03
	VNX Swiss FrancVCHF	$1.24
	Worldwide USDWUSD	$1.00
	Quantoz EURQEURQ	$1.16
	Celo EuroCEUR	$1.16
	Fei USDFEI	$0.99
	SMARDEX USDNUSDN	$1.01
	DjedDJED	$1.00
	VNX EuroVEUR	$1.16
	VaiVAI	$1.00
	Verified USDUSDV	$0.13
	IDRXIDRX	$0.00
	Sperax USDUSDs	$1.00
	Reflexer Ungovernance TokenFLX	$2.03
	Prisma mkUSDMKUSD	$1.00
	TheStandard USDUSDS	$1.00
	StandardSTND	$0.00
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	AllUnity EUREURAU	$1.16
	DOLADOLA	$1.00
	Resolv USRUSR	$1.00
	CAD CoinCADC	$0.73
	USDP StablecoinUSDP	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	xDAIxDAI	$0.98
	VNX British PoundVGBP	$1.35
	Angle ProtocolEURA	$1.16
	QuoriumQGOLD	$3391.14
	USDAUSDA	$1.00
	Amnis Aptos CoinAMAPT	$4.36
	Magic Internet MoneyMIM	$1.00
	ZedxionUSDZ	$1.00
	Stables Labs (USDX)USDX	$1.00
	Brazilian Digital TokenBRZ	$0.18
	xUSDxUSD	$1.00
	BounceBit USDBBUSD	$0.99
	Solayer USDSUSD	$1.11
	Fathom DollarFXD	$0.67
	MAIMIMATIC	$0.43
	EdelcoinEDLC	$3.04
	Overnight.fi USD+ (Optimism)USD+	$1.00
	One CashONC	$0.05
	Meter StableMTR	$0.48
	USDHUSDH	$1.00
	Moola Celo USDmCUSD	$1.00
	Compliant NairacNGN	$0.00
	dForce USDUSX	$0.99

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?

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