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	0.01%	0.02%	0.02%	$114.35B$114,350,178,243	$41,581,656,533 41,574,031,499 USDT	114,329,209,287 USDT
6	USDC USDC	$1.00	0.02%	0.00%	0.01%	$34.16B$34,160,266,394	$4,255,854,841 4,255,824,508 USDC	34,160,022,920 USDC
19	Dai DAI	$0.9998	0.00%	0.02%	0.02%	$5.35B$5,346,997,647	$113,170,414 113,189,271 DAI	5,347,888,596 DAI
47	First Digital USD FDUSD	$0.9999	0.01%	0.01%	0.09%	$2.01B$2,007,531,356	$2,828,923,191 2,829,240,477 FDUSD	2,007,756,516 FDUSD
94	USDD USDD	$1.00	0.18%	0.10%	0.20%	$738.22M$738,221,959	$5,308,444 5,302,642 USDD	737,415,054 USDD
108	PayPal USD PYUSD	$1.00	0.05%	0.01%	0.18%	$587.16M$587,161,065	$12,644,112 12,643,066 PYUSD	587,112,507 PYUSD
125	TrueUSD TUSD	$1.00	0.03%	0.01%	0.04%	$495.29M$495,288,668	$39,723,728 39,716,739 TUSD	495,201,533 TUSD
201	Edelcoin EDLC	$1.12	0.03%	0.00%	0.11%	$6.2B$6,204,112,803	$5,977,389 5,315,320 EDLC	5,516,931,200 EDLC
202	Ethena USDe USDe	$0.999	0.00%	0.03%	0.16%	$3.23B$3,229,415,468	$93,591,124 93,680,589 USDE	3,232,502,510 USDe
207	Frax FRAX	$0.9963	0.04%	0.04%	0.09%	$647.04M$647,037,620	$11,527,175 11,569,872 FRAX	649,434,271 FRAX
	USDBUSDB	$1.00
	Ondo US Dollar YieldUSDY	$1.05
	USDJUSDJ	$1.08
	crvUSDCRVUSD	$0.99
	STASIS EUROEURS	$1.08
	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	$1.08
	Steem DollarsSBD	$2.66
	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
	XUSDXUSD	$1.00
	Worldwide USDWUSD	$1.00
	Gyroscope GYDGYD	$1.00
	ZedxionUSDZ	$1.00
	lisUSDlisUSD	$1.00
	DOLADOLA	$1.00
	Fathom DollarFXD	$1.00
	xDAIxDAI	$1.01
	Brazilian Digital TokenBRZ	$0.18
	USDHUSDH	$0.96
	Magic Internet MoneyMIM	$1.00
	Decentralized USD (DefiChain)DUSD	$0.03
	Angle ProtocolEURA	$1.09
	XIDRXIDR	$0.00
	JPY CoinJPYC	$0.01
	MAIMIMATIC	$0.55
	BounceBit USDBBUSD	$0.99
	Overnight DAI+DAI+	$1.00
	Moola Celo USDmCUSD	$1.00
	Inter Stable TokenIST	$1.00
	Tether MXNtMXNt	$0.05
	ZARP StablecoinZARP	$0.05
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Amnis Aptos CoinAMAPT	$7.04
	One CashONC	$0.09
	CryptoFrancXCHF	$1.13
	Meter StableMTR	$0.55
	Moola Celo EURmCEUR	$1.08
	BiLiraTRYB	$0.03
	dForce USDUSX	$1.00
	Fantom USDFUSD	$0.47
	YUSD StablecoinYUSD	$0.99
	USNUSN	$0.98
	Mad USDMUSD	$0.05
	JPY Coin v1JPYC	$0.01
	USD BancorUSDB	$0.50
	TORTOR	$0.01
	xDollar StablecoinXUSD	$1.06
	ParallelPAR	$0.45
	wanUSDTWANUSDT	$1.00
	WEMIX DollarWEMIX$	$1.00
	Digix Gold TokenDGX	$49.01
	Karatgold CoinKBC	$0.00
	BRCP TOKENBRCP	$0.22
	SORA Synthetic USDXSTUSD	$0.43
	Moremoney USDMONEY	$1.02

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?