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	$0.9995	0.00%	0.01%	0.06%	$186.23B$186,233,606,023	$88,800,422,572 88.84B	186.32B USDT
6	USDC USDC	$0.9998	0.01%	0.01%	0.01%	$77.09B$77,089,481,074	$11,124,904,801 11.12B	77.1B USDC
18	Ethena USDe USDe	$0.9988	0.00%	0.00%	0.06%	$6.43B$6,432,539,466	$74,716,614 74.80M	6.43B USDe
21	Dai DAI	$0.9997	0.01%	0.01%	0.02%	$5.36B$5,364,008,070	$125,925,332 125.95M	5.36B DAI
25	PayPal USD PYUSD	$0.9995	0.00%	0.01%	0.01%	$3.88B$3,883,927,079	$72,196,689 72.22M	3.88B PYUSD
34	World Liberty Financial USD USD1	$0.9990	0.00%	0.01%	0.02%	$2.72B$2,715,432,124	$686,607,821 687.29M	2.71B USD1
48	Global Dollar USDG	$0.9997	0.00%	0.01%	0.00%	$1.5B$1,502,235,439	$14,353,198 14.35M	1.5B USDG
51	Ripple USD RLUSD	$0.9998	0.00%	0.01%	0.02%	$1.34B$1,335,916,491	$73,580,713 73.59M	1.33B RLUSD
68	USDD USDD	$0.9994	0.01%	0.03%	0.07%	$802.72M$802,721,033	$7,114,356 7.11M	803.18M USDD
80	First Digital USD FDUSD	$0.9988	0.00%	0.01%	0.01%	$517.84M$517,843,289	$3,983,695,502 3.98B	518.42M FDUSD
	TrueUSDTUSD	$1.00
	EURCEURC	$1.17
	Falcon USDUSDf	$1.00
	Ondo US Dollar YieldUSDY	$1.12
	Usual USDUSD0	$1.00
	USDaiUSDAI	$1.00
	GHOGHO	$1.00
	Legacy Frax DollarFRAX	$0.99
	AUSDAUSD	$1.00
	StandX DUSDDUSD	$1.00
	GUSDGUSD	$1.00
	Frax USDFRXUSD	$1.00
	MNEEMNEE	$1.00
	EUR CoinVertibleEURCV	$1.17
	lisUSDlisUSD	$1.00
	Venus BUSDvBUSD	$0.02
	United StablesU	$1.00
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.15
	Pax DollarUSDP	$1.00
	EuriteEURI	$1.17
	USDHUSDH	$1.00
	Gemini DollarGUSD	$1.00
	StraitsX USDXUSD	$1.00
	Aegis YUSDYUSD	$1.00
	sUSDSUSD	$0.90
	Tether EURtEURt	$1.03
	Liquity USDLUSD	$1.00
	Celo DollarCUSD	$1.00
	AmpleforthAMPL	$1.23
	USDBUSDB	$1.00
	USD CoinVertibleUSDCV	$1.00
	Reserve DollarRSV	$0.99
	MetaMask USDmUSD	$1.00
	AllUnity EUREURAU	$1.17
	ZUSDZUSD	$1.00
	StablR EuroEURR	$1.17
	XSGDXSGD	$0.77
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	Origin DollarOUSD	$1.00
	Quantoz USDQUSDQ	$1.00
	StablR USDUSDR	$1.00
	Venus DAIvDAI	$0.03
	USDJUSDJ	$0.58
	Lift DollarUSDL	$1.00
	VNX Swiss FrancVCHF	$1.26
	Steem DollarsSBD	$0.52
	Worldwide USDWUSD	$1.00
	Quantoz EURQEURQ	$1.17
	Celo EuroCEUR	$1.17
	Fei USDFEI	$0.99
	DjedDJED	$1.00
	Verified USDUSDV	$0.19
	VNX EuroVEUR	$1.17
	VaiVAI	$1.00
	SMARDEX USDNUSDN	$1.00
	IDRXIDRX	$0.00
	Sperax USDUSDs	$1.00
	Reflexer Ungovernance TokenFLX	$2.01
	TheStandard USDUSDS	$1.00
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	Elixir deUSDDEUSD	$0.00
	USDT0USDT0	$1.00
	USDP StablecoinUSDP	$1.00
	xUSDxUSD	$1.00
	Resolv USRUSR	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	CAD CoinCADC	$0.73
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	xDAIxDAI	$0.98
	QuoriumQGOLD	$4339.38
	Brazilian Digital TokenBRZ	$0.18
	Hyper USDUSDHL	$1.00
	KRWQKRWQ	$0.00
	Fathom DollarFXD	$0.93
	Magic Internet MoneyMIM	$1.00
	EURØPEUROP	$1.16
	VNX British PoundVGBP	$1.33
	One CashONC	$0.02
	Meter StableMTR	$0.25
	USDHUSDH	$1.00
	DOLADOLA	$0.99
	Overnight.fi USD+ (Optimism)USD+	$1.00
	BounceBit USDBBUSD	$1.01
	Moola Celo USDmCUSD	$1.00
	Angle ProtocolEURA	$1.17
	Balance CoinBLC	$0.99
	Moola Celo EURmCEUR	$1.18

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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