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	$0.9995	0.00%	0.05%	0.10%	$110.51B$110,509,250,572	$43,531,702,383 43,552,446,843 USDT	110,561,912,302 USDT
6	USDC USDC	$1.00	0.00%	0.03%	0.01%	$33.48B$33,476,218,616	$5,863,091,642 5,861,997,739 USDC	33,469,972,805 USDC
21	Dai DAI	$0.9999	0.01%	0.01%	0.02%	$5.35B$5,347,778,613	$654,048,970 654,062,421 DAI	5,347,888,596 DAI
24	First Digital USD FDUSD	$0.9998	0.06%	0.05%	0.04%	$4.42B$4,417,530,002	$5,526,719,498 5,527,647,822 FDUSD	4,418,272,015 FDUSD
105	USDD USDD	$0.9758	0.29%	0.79%	0.33%	$707.8M$707,798,675	$6,725,439 6,892,039 USDD	725,332,034 USDD
131	TrueUSD TUSD	$0.9995	0.05%	0.12%	0.14%	$509.46M$509,464,380	$44,600,168 44,620,923 TUSD	509,701,467 TUSD
209	Ethena USDe USDe	$0.9983	0.00%	0.12%	0.21%	$2.35B$2,348,760,640	$101,689,733 101,858,514 USDE	2,352,659,028 USDe
217	Frax FRAX	$0.9985	0.00%	0.02%	0.02%	$648.48M$648,480,558	$48,911,859 48,983,793 FRAX	649,434,271 FRAX
226	USDB USDB	$1.00	0.04%	0.20%	0.21%	$330.01M$330,008,899	$30,019,898 29,933,831 USDB	329,062,773 USDB
228	PayPal USD PYUSD	$0.9988	0.03%	0.05%	0.07%	$302.29M$302,289,885	$15,894,133 15,913,500 PYUSD	302,658,227 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	$3.89
	sUSDSUSD	$1.00
	ReserveRSV	$1.64
	EURCEURC	$1.06
	Tether EURtEURt	$1.06
	XSGDXSGD	$0.73
	Celo DollarCUSD	$1.00
	USDKUSDK	$0.89
	ZUSDZUSD	$1.00
	Prisma mkUSDMKUSD	$0.98
	Verified USDUSDV	$1.00
	Fei USDFEI	$0.97
	BIDRBIDR	$0.00
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	HUSDHUSD	$0.05
	Origin DollarOUSD	$1.00
	Celo EuroCEUR	$1.07
	VaiVAI	$1.00
	DjedDJED	$1.00
	VNX EuroVEUR	$1.07
	EOSDTEOSDT	$0.83
	VNX Swiss FrancVCHF	$1.09
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Savings DaiSDAI	$1.08
	DOLADOLA	$1.00
	Ethena Staked USDesUSDe	$1.04
	GHOGHO	$1.00
	EdelcoinEDLC	$1.06
	USDP StablecoinUSDP	$1.00
	ZedxionUSDZ	$1.00
	Angle ProtocolEURA	$1.06
	Fathom DollarFXD	$0.98
	Worldwide USDWUSD	$1.00
	TON Bridged USDTJUSDT	$0.98
	Brazilian Digital TokenBRZ	$0.19
	xDAIxDAI	$1.00
	Amnis FinanceAMAPT	$8.64
	lisUSDlisUSD	$0.99
	MAIMIMATIC	$0.97
	USDHUSDH	$0.96
	DRAMDRAM	$1.00
	Magic Internet MoneyMIM	$0.99
	JPY CoinJPYC	$0.01
	Inter Stable TokenIST	$1.00
	Decentralized USD (DefiChain)DUSD	$0.46
	Sperax USDUSDs	$1.00
	One CashONC	$0.09
	Meter StableMTR	$0.75
	Moola Celo USDmCUSD	$1.00
	dForce USDUSX	$0.98
	Overnight DAI+DAI+	$1.00
	Moola Celo EURmCEUR	$1.07
	Mad USDMUSD	$0.38
	CryptoFrancXCHF	$1.10
	ParallelPAR	$1.00
	wanUSDTWANUSDT	$1.00
	Fantom USDFUSD	$0.44
	BiLiraTRYB	$0.03
	ZARP StablecoinZARP	$0.05
	USNUSN	$0.84
	SORA Synthetic USDXSTUSD	$0.38
	Tether MXNtMXNt	$0.06
	TON Bridged USDCJUSDC	$0.03
	TORTOR	$0.02
	XIDRXIDR	$0.00
	xDollar StablecoinXUSD	$1.04
	YUSD StablecoinYUSD	$1.00
	Moremoney USDMONEY	$0.97
	USD BancorUSDB	$0.33
	JPY Coin v1JPYC	$0.01
	WEMIX DollarWEMIX$	$1.00
	DigixDAODGD	$66.01
	Digix Gold TokenDGX	$44.40
	Karatgold CoinKBC	$0.00
	CAD CoinCADC	$0.39
	BRCP TOKENBRCP	$0.22
	SpiceUSDUSDS	$0.11

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?