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
3	Tether USDT	$0.9992	0.01%	0.02%	0.02%	$183.92B$183,915,349,198	$151,317,573,171 151.40B	184.02B USDT
7	USDC USDC	$1.00	0.03%	0.02%	0.02%	$74.95B$74,945,379,614	$20,315,481,937 20.31B	74.92B USDC
17	Ethena USDe USDe	$0.9985	0.01%	0.03%	0.03%	$8.06B$8,061,183,970	$211,251,768 211.55M	8.07B USDe
24	Dai DAI	$0.9999	0.01%	0.03%	0.01%	$5.36B$5,364,983,849	$137,932,749 137.94M	5.36B DAI
33	PayPal USD PYUSD	$0.9996	0.01%	0.00%	0.00%	$3.42B$3,423,832,589	$227,181,783 227.25M	3.42B PYUSD
36	World Liberty Financial USD USD1	$0.9986	0.02%	0.06%	0.06%	$2.79B$2,791,986,407	$788,975,687 790.04M	2.79B USD1
63	Global Dollar USDG	$0.9999	0.02%	0.02%	0.01%	$1.11B$1,114,468,089	$39,349,292 39.35M	1.11B USDG
66	Ripple USD RLUSD	$0.9999	0.01%	0.01%	0.01%	$1.03B$1,027,625,320	$105,556,600 105.56M	1.02B RLUSD
71	First Digital USD FDUSD	$0.9970	0.04%	0.01%	0.00%	$969.21M$969,206,243	$5,963,858,050 5.98B	972.1M FDUSD
106	TrueUSD TUSD	$0.9959	0.03%	0.03%	0.03%	$492.5M$492,496,802	$39,286,300 39.44M	494.51M TUSD
	USDDUSDD	$1.00
	EURCEURC	$1.16
	Falcon USDUSDf	$1.00
	Ondo US Dollar YieldUSDY	$1.11
	Usual USDUSD0	$1.00
	USDaiUSDAI	$1.00
	GHOGHO	$1.00
	Legacy Frax DollarFRAX	$0.99
	StandX DUSDDUSD	$1.00
	GUSDGUSD	$1.00
	STASIS EUROEURS	$1.12
	AUSDAUSD	$1.00
	Frax USDFRXUSD	$1.00
	MNEEMNEE	$1.00
	EUR CoinVertibleEURCV	$1.16
	lisUSDlisUSD	$1.00
	Venus BUSDvBUSD	$0.02
	EuriteEURI	$1.16
	Pax DollarUSDP	$1.00
	Anchored Coins AEURAEUR	$1.19
	BUSDBUSD	$1.00
	StraitsX USDXUSD	$1.00
	Gemini DollarGUSD	$1.00
	sUSDSUSD	$0.97
	Tether EURtEURt	$1.15
	Aegis YUSDYUSD	$1.00
	USDBUSDB	$1.00
	Liquity USDLUSD	$1.00
	Celo DollarCUSD	$1.00
	AmpleforthAMPL	$1.19
	USD CoinVertibleUSDCV	$1.00
	MetaMask USDmUSD	$1.00
	ZUSDZUSD	$1.00
	XSGDXSGD	$0.77
	StablR EuroEURR	$1.16
	GYENGYEN	$0.01
	USDJUSDJ	$1.16
	Rupiah TokenIDRT	$0.00
	Origin DollarOUSD	$1.00
	StablR USDUSDR	$1.00
	Quantoz USDQUSDQ	$1.00
	Lift DollarUSDL	$1.00
	Venus DAIvDAI	$0.03
	Steem DollarsSBD	$0.55
	VNX Swiss FrancVCHF	$1.26
	Quantoz EURQEURQ	$1.16
	Celo EuroCEUR	$1.16
	Worldwide USDWUSD	$1.00
	DjedDJED	$1.01
	Fei USDFEI	$1.00
	VNX EuroVEUR	$1.17
	VaiVAI	$1.00
	Elixir deUSDDEUSD	$0.02
	IDRXIDRX	$0.00
	Verified USDUSDV	$0.04
	Sperax USDUSDs	$1.00
	TheStandard USDUSDS	$1.00
	Reflexer Ungovernance TokenFLX	$1.12
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	StandardSTND	$0.00
	USDT0USDT0	$1.00
	USDP StablecoinUSDP	$1.00
	xUSDxUSD	$1.00
	AllUnity EUREURAU	$1.16
	Overnight.fi USD+ (Base)USD+	$1.00
	USDHUSDH	$1.00
	Resolv USRUSR	$1.00
	Hyper USDUSDHL	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	QuoriumQGOLD	$4063.83
	CAD CoinCADC	$0.72
	xDAIxDAI	$1.00
	Magic Internet MoneyMIM	$1.00
	VNX British PoundVGBP	$1.32
	ZARP StablecoinZARP	$0.06
	USDHUSDH	$1.00
	Brazilian Digital TokenBRZ	$0.19
	AxCNHAxCNH	$0.14
	EURØPEUROP	$1.16
	Fathom DollarFXD	$0.87
	Overnight.fi USD+ (Optimism)USD+	$1.00
	DOLADOLA	$0.99
	Moola Celo USDmCUSD	$0.99
	MAIMIMATIC	$1.00
	Monerium EUR emoneyEURe	$1.16
	Meter StableMTR	$0.50
	Balance CoinBLC	$1.00
	One CashONC	$0.04
	Angle ProtocolEURA	$1.16

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?

Related Articles