Question 1

What are the different types of Stablecoins?

Accepted 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?

Accepted 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?

Accepted 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	$0.9998	0.01%	0.04%	0.02%	$119.61B$119,608,236,021	$61,993,126,309 62,005,455,541 USDT	119,632,023,784 USDT
7	USDC USDC	$0.9999	0.00%	0.01%	0.01%	$35.33B$35,331,659,312	$6,802,948,476 6,803,014,278 USDC	35,332,001,061 USDC
19	Dai DAI	$0.9999	0.00%	0.01%	0.00%	$5.36B$5,364,663,034	$88,331,443 88,343,292 DAI	5,365,382,703 DAI
35	First Digital USD FDUSD	$0.9989	0.01%	0.00%	0.13%	$2.8B$2,796,840,309	$5,155,840,866 5,161,559,258 FDUSD	2,799,942,311 FDUSD
93	USDD USDD	$0.9989	0.05%	0.03%	0.02%	$735.59M$735,592,863	$3,021,870 3,025,246 USDD	736,414,667 USDD
96	PayPal USD PYUSD	$0.9998	0.03%	0.04%	0.02%	$707.85M$707,854,204	$9,654,322 9,656,207 PYUSD	707,992,425 PYUSD
129	TrueUSD TUSD	$0.9982	0.01%	0.01%	0.08%	$494.72M$494,722,521	$32,944,206 33,002,742 TUSD	495,601,553 TUSD
201	Ethena USDe USDe	$0.9993	0.01%	0.02%	0.01%	$2.53B$2,534,458,797	$36,699,407 36,723,702 USDE	2,536,136,550 USDe
207	Frax FRAX	$0.9974	0.04%	0.03%	0.01%	$647.76M$647,761,270	$13,032,600 13,066,260 FRAX	649,434,271 FRAX
214	Ondo US Dollar Yield USDY	$1.06	0.02%	0.22%	0.21%	$341M$340,995,522	$269,023 254,124 USDY	322,111,346 USDY
	USDBUSDB	$1.00
	USDJUSDJ	$1.12
	STASIS EUROEURS	$1.11
	TerraClassicUSDUSTC	$0.02
	Pax DollarUSDP	$1.00
	USDX [Kava]USDX	$0.70
	EURCEURC	$1.11
	Gemini DollarGUSD	$1.00
	BUSDBUSD	$1.00
	Liquity USDLUSD	$1.00
	Anchored Coins AEURAEUR	$1.11
	Venus BUSDvBUSD	$0.02
	Lift DollarUSDL	$1.00
	Tether EURtEURt	$1.10
	Steem DollarsSBD	$2.83
	EuriteEURI	$1.11
	Celo DollarCUSD	$1.00
	XSGDXSGD	$0.78
	Reserve DollarRSV	$1.00
	EdelcoinEDLC	$1.12
	BIDRBIDR	$0.00
	Rupiah TokenIDRT	$0.00
	ZUSDZUSD	$1.00
	Verified USDUSDV	$1.00
	sUSDSUSD	$1.00
	GYENGYEN	$0.01
	HUSDHUSD	$0.04
	VNX Swiss FrancVCHF	$1.18
	Fei USDFEI	$0.97
	Venus DAIvDAI	$0.02
	Origin DollarOUSD	$1.00
	Celo EuroCEUR	$1.11
	VaiVAI	$1.00
	Prisma mkUSDMKUSD	$1.00
	DjedDJED	$0.98
	VNX EuroVEUR	$1.11
	Sperax USDUSDs	$1.00
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	USD+USD+	$1.00
	Savings DaiSDAI	$1.11
	DOLADOLA	$1.00
	USDSUSDS	$1.00
	GHOGHO	$1.00
	USDP StablecoinUSDP	$1.00
	Worldwide USDWUSD	$1.00
	Gyroscope GYDGYD	$1.00
	lisUSDlisUSD	$1.00
	Decentralized USD (DefiChain)DUSD	$0.03
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	ZedxionUSDZ	$1.00
	xDAIxDAI	$1.00
	Brazilian Digital TokenBRZ	$0.18
	Magic Internet MoneyMIM	$1.00
	Fathom DollarFXD	$1.00
	CriptodólarUXD	$1.00
	XUSDXUSD	$1.00
	Angle ProtocolEURA	$1.12
	USDHUSDH	$0.99
	XIDRXIDR	$0.00
	JPY CoinJPYC	$0.01
	BounceBit USDBBUSD	$1.00
	Moola Celo USDmCUSD	$1.00
	MAIMIMATIC	$0.59
	Inter Stable TokenIST	$1.00
	dForce USDUSX	$1.00
	Moola Celo EURmCEUR	$1.11
	Amnis Aptos CoinAMAPT	$8.17
	StablR EuroEURR	$1.11
	wanUSDTWANUSDT	$1.00
	ZARP StablecoinZARP	$0.06
	Tether MXNtMXNt	$0.05
	BiLiraTRYB	$0.03
	Overnight DAI+DAI+	$1.00
	CryptoFrancXCHF	$1.08
	TORTOR	$0.01
	One CashONC	$0.07
	Mad USDMUSD	$0.06
	Meter StableMTR	$0.56
	JPY Coin v1JPYC	$0.01
	USNUSN	$0.98
	Fantom USDFUSD	$0.69
	USD BancorUSDB	$0.14
	xDollar StablecoinXUSD	$1.04
	ParallelPAR	$0.38
	Digix Gold TokenDGX	$56.71
	Karatgold CoinKBC	$0.00
	BRCP TOKENBRCP	$0.22
	SORA Synthetic USDXSTUSD	$0.31

Top Stablecoin Tokens by Market Capitalization