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
8835	YUSD Stablecoin YUSD	$0.9926	0.00%	0.00%	0.08%	$216.5M$216,500,686	--	218,122,097 YUSD
8930	Coin98 Dollar CUSD	$0.2016	0.00%	0.30%	94.16%	$285,771.99$285,772	--	1,417,625 CUSD
9212	USDCASH USDCASH	$0.9954	0.10%	1.21%	0.95%	$2.26M$2,259,766	--	2,270,210 USDCASH
9218	RMBCASH RMBCASH	$0.1272	0.12%	1.65%	2.50%	$376,195.91$376,196	--	2,956,983 RMBCASH
9677	Ethena Staked USDe sUSDe	$1.10	0.01%	0.05%	0.17%	$1.24B$1,243,503,459	$5,223,343 4,762,475 SUSDE	1,133,786,105 sUSDe
9683	USD Coin Bridged USDC.e	$0.9999	0.00%	0.00%	0.01%	$774.38M$774,376,871	$68,492,247 68,496,933 USDC.E	774,429,854 USDC.e
9708	Venus USDC vUSDC	$0.02442	0.02%	0.01%	0.07%	$128.4M$128,400,990	--	5,257,825,550 vUSDC
9717	crvUSD CRVUSD	$0.9976	0.02%	0.03%	0.07%	$70.65M$70,648,405	$6,782,355 6,798,670 CRVUSD	70,818,350 CRVUSD
9729	Venus USDT vUSDT	$0.02432	0.01%	0.00%	0.08%	$36.14M$36,142,961	--	1,486,153,169 vUSDT
9739	Tether Avalanche Bridged USDT.e	$1.00	0.01%	0.00%	0.03%	$20.1M$20,102,233	$197,806 197,797 USDT.E	20,101,315 USDT.e
	Axelar Wrapped USDCaxlUSDC	$1.00
	TON Bridged USDTJUSDT	$1.00
	UsdsUSDS	$0.00
	bitUSDBITUSD	$--
	bitCNYBITCNY	$--
	NuBitsUSNBT	$--
	bitGoldBITGOLD	$--
	bitEURBITEUR	$--
	HelloGoldHGT	$--
	QcashQC	$--
	Italian LiraITL	$--
	Stably USD ClassicUSDSC	$--
	ConstantCONST	$--
	Diamond Platform TokenDPT	$--
	EOSDTEOSDT	$--
	USDQUSDQ	$--
	USDKUSDK	$--
	xEUROXEUR	$--
	Binance GBP Stable CoinBGBP	$--
	1irstGold1GOLD	$--
	EURBASEEBASE	$--
	TerraKRWKRT	$--
	Binance KRWBKRW	$--
	eToro United States DollarUSDEX	$--
	Compound USDTCUSDT	$--
	mStable USDMUSD	$--
	DefiDollarDUSD	$--
	USDLUSDL	$--
	Unbound EthereumUETH	$--
	Binance VNDBVND	$--
	Basis DollarBSD	$--
	Dynamic Set DollarDSD	$--
	Stand CashSAC	$--
	USDEXUSDEX	$--
	Zytara dollarZUSD	$--
	USDFreeLiquidityUSDFL	$--
	Midas Dollar ShareMDS	$--
	Midas DollarMDO	$--
	Alchemix USDALUSD	$--
	CAD CoinCADC	$--
	Float Protocol: FloatFLOAT	$--
	Frapped USDTfUSDT	$--
	Fluity USDFLUSD	$--
	sEURSEUR	$--
	IronIRON	$--
	ARTH ValuecoinARTH	$--
	Bond Appetite USDUSDAP	$--
	BeanBEAN	$--
	Coffin FinanceCOFFIN	$--
	Coffin DollarCOUSD	$--
	dHEDGE Stablecoin YieldDUSD	$--
	nUSD (HotBit)nUSD	$--
	xUSD TokenXUSD	$--
	StatikSTATIK	$--
	Alpaca USDAUSD	$--
	FEG Wrapped USDTfUSDT	$--
	Fuse DollarFUSD	$--
	H2OH2O	$--
	USDEXUSDEX	$--
	SpiceUSDUSDS	$--
	Inflation Adjusted USDSIUSDS	$--
	oneICHIONEICHI	$--
	USDiUSDI	$--
	Ratio Stable CoinUSDR	$--
	British Pound TetherGBPT	$--
	SpiceEUROEUROS	$--
	WEMIX DollarWEMIX$	$--
	QCADQCAD	$--
	Stable CoinSBC	$--
	TON Bridged USDCJUSDC	$--
	RUBCASHRUBCASH	$--
	DRAMDRAM	$--
	Consortium NairaCNGN	$--

Top Stablecoin Tokens by Market Capitalization