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	$0.9999	0.04%	0.04%	0.04%	$159.07B$159,074,826,241	$155,719,413,870 155.73B	159.08B USDT
7	USDC USDC	$0.9996	0.04%	0.03%	0.04%	$62.82B$62,815,086,015	$19,692,269,991 19.69B	62.83B USDC
25	Dai DAI	$0.9998	0.01%	0.03%	0.02%	$5.36B$5,364,326,935	$49,654,854,398 49.66B	5.36B DAI
27	Ethena USDe USDe	$1.00	0.00%	0.01%	0.05%	$5.33B$5,325,298,708	$231,739,169 231.55M	5.32B USDe
42	World Liberty Financial USD USD1	$0.9999	0.01%	0.01%	0.04%	$2.21B$2,208,633,686	$662,362,299 662.42M	2.2B USD1
59	First Digital USD FDUSD	$0.9980	0.03%	0.03%	0.03%	$1.45B$1,449,657,340	$10,416,762,032 10.43B	1.45B FDUSD
80	PayPal USD PYUSD	$0.9994	0.02%	0.03%	0.03%	$891.55M$891,550,740	$20,901,354 20.91M	892.06M PYUSD
118	Ripple USD RLUSD	$0.9994	0.03%	0.05%	0.07%	$500.97M$500,974,626	$135,956,292 136.02M	501.24M RLUSD
120	TrueUSD TUSD	$0.9977	0.01%	0.01%	0.02%	$493.39M$493,388,079	$50,760,645 50.87M	494.51M TUSD
133	USDD USDD	$1.00	0.03%	0.00%	0.01%	$440.13M$440,129,118	$10,124,905 10.12M	440.01M USDD
	EURCEURC	$1.17
	Ondo US Dollar YieldUSDY	$1.10
	Usual USDUSD0	$1.00
	Falcon USDUSDf	$1.00
	Global DollarUSDG	$1.00
	Legacy Frax DollarFRAX	$1.00
	Elixir deUSDDEUSD	$1.00
	Ethena Labs (USDtb)USDtb	$1.00
	STASIS EUROEURS	$1.17
	AUSDAUSD	$1.00
	Lift DollarUSDL	$1.00
	Frax USDFRXUSD	$1.00
	USDBUSDB	$1.00
	Pax DollarUSDP	$1.00
	Anchored Coins AEURAEUR	$1.16
	lisUSDlisUSD	$1.00
	StraitsX USDXUSD	$1.00
	EuriteEURI	$1.17
	Venus BUSDvBUSD	$0.02
	BUSDBUSD	$1.00
	EUR CoinVertibleEURCV	$1.18
	Gemini DollarGUSD	$1.00
	Tether EURtEURt	$1.15
	Liquity USDLUSD	$1.00
	sUSDSUSD	$0.94
	Celo DollarCUSD	$1.00
	MNEEMNEE	$1.00
	AmpleforthAMPL	$1.21
	StandX DUSDDUSD	$1.00
	Aegis YUSDYUSD	$1.00
	ZUSDZUSD	$1.00
	GYENGYEN	$0.01
	BIDRBIDR	$0.00
	StablR EuroEURR	$1.17
	Rupiah TokenIDRT	$0.00
	XSGDXSGD	$0.78
	USDJUSDJ	$1.10
	Verified USDUSDV	$0.55
	Origin DollarOUSD	$1.00
	Steem DollarsSBD	$0.82
	Quantoz USDQUSDQ	$1.00
	Venus DAIvDAI	$0.03
	StablR USDUSDR	$1.00
	VNX Swiss FrancVCHF	$1.26
	Worldwide USDWUSD	$1.00
	Quantoz EURQEURQ	$1.17
	Celo EuroCEUR	$1.17
	SMARDEX USDNUSDN	$1.00
	Fei USDFEI	$0.98
	DjedDJED	$1.00
	VNX EuroVEUR	$1.17
	VaiVAI	$1.00
	IDRXIDRX	$0.00
	Sperax USDUSDs	$1.05
	Reflexer Ungovernance TokenFLX	$2.95
	Prisma mkUSDMKUSD	$1.00
	TheStandard USDUSDS	$0.99
	StandardSTND	$0.00
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	GHOGHO	$1.00
	xUSDxUSD	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	USDP StablecoinUSDP	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	CAD CoinCADC	$0.73
	Angle ProtocolEURA	$1.17
	VNX British PoundVGBP	$1.40
	USDAUSDA	$1.00
	Brazilian Digital TokenBRZ	$0.18
	xDAIxDAI	$0.98
	Stables Labs (USDX)USDX	$1.00
	ZedxionUSDZ	$1.00
	Magic Internet MoneyMIM	$1.00
	DOLADOLA	$1.00
	One CashONC	$0.06
	Meter StableMTR	$0.53
	BounceBit USDBBUSD	$0.99
	QuoriumQGOLD	$3343.74
	MAIMIMATIC	$0.50
	Stable CoinSBC	$1.00
	Fathom DollarFXD	$0.66
	EdelcoinEDLC	$3.07
	USDHUSDH	$1.00
	Moola Celo USDmCUSD	$1.02
	CriptodólarUXD	$1.00
	Overnight.fi USD+ (Optimism)USD+	$1.00
	Balance CoinBLC	$1.01
	Inter Stable TokenIST	$0.99
	ZARP StablecoinZARP	$0.06

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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