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	0.03%	0.16%	0.03%	$110.62B$110,618,649,607	$55,570,587,608 55,559,072,688 USDT	110,595,728,041 USDT
6	USDC USDC	$1.00	0.02%	0.02%	0.01%	$33.17B$33,167,465,641	$7,376,407,082 7,375,598,053 USDC	33,163,827,899 USDC
22	Dai DAI	$1.00	0.03%	0.06%	0.02%	$5.35B$5,349,399,850	$592,467,698 592,300,321 DAI	5,347,888,596 DAI
24	First Digital USD FDUSD	$1.00	0.00%	0.25%	0.07%	$3.91B$3,914,363,265	$7,692,107,403 7,691,803,913 FDUSD	3,914,208,825 FDUSD
102	USDD USDD	$0.9944	0.19%	0.10%	0.88%	$732.36M$732,357,007	$5,674,135 5,706,278 USDD	736,505,722 USDD
128	TrueUSD TUSD	$0.9995	0.00%	0.22%	0.13%	$509.45M$509,454,878	$47,828,321 47,851,471 TUSD	509,701,467 TUSD
192	PayPal USD PYUSD	$0.9995	0.00%	0.02%	0.13%	$327.93M$327,930,944	$11,344,422 11,349,686 PYUSD	328,083,103 PYUSD
209	Ethena USDe USDe	$0.9989	0.03%	0.10%	0.03%	$2.3B$2,302,434,622	$75,179,047 75,261,607 USDE	2,304,963,094 USDe
216	Frax FRAX	$0.9988	0.00%	0.10%	0.02%	$648.63M$648,626,256	$24,329,245 24,359,552 FRAX	649,434,271 FRAX
222	USDB USDB	$0.9997	0.03%	0.12%	0.24%	$333.75M$333,746,094	$35,757,214 35,767,998 USDB	333,846,748 USDB
	Ondo US Dollar YieldUSDY	$1.03
	TerraClassicUSDUSTC	$0.02
	USDJUSDJ	$1.11
	Pax DollarUSDP	$1.00
	crvUSDCRVUSD	$1.00
	STASIS EUROEURS	$1.08
	Liquity USDLUSD	$1.00
	Gemini DollarGUSD	$1.00
	USDX [Kava]USDX	$0.82
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.07
	Steem DollarsSBD	$3.77
	sUSDSUSD	$0.99
	ReserveRSV	$1.60
	EURCEURC	$1.06
	XSGDXSGD	$0.74
	Tether EURtEURt	$1.05
	Celo DollarCUSD	$1.00
	USDKUSDK	$0.86
	ZUSDZUSD	$1.00
	Verified USDUSDV	$1.00
	Prisma mkUSDMKUSD	$0.99
	Fei USDFEI	$0.96
	BIDRBIDR	$0.00
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	HUSDHUSD	$0.04
	Origin DollarOUSD	$1.00
	Celo EuroCEUR	$1.07
	VaiVAI	$1.00
	DjedDJED	$1.00
	VNX EuroVEUR	$1.08
	EOSDTEOSDT	$0.91
	VNX Swiss FrancVCHF	$1.11
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Savings DaiSDAI	$1.08
	GHOGHO	$1.00
	EdelcoinEDLC	$1.06
	Ethena Staked USDesUSDe	$1.05
	DOLADOLA	$1.00
	USDP StablecoinUSDP	$1.00
	ZedxionUSDZ	$1.00
	TON Bridged USDTJUSDT	$0.99
	Fathom DollarFXD	$1.00
	Brazilian Digital TokenBRZ	$0.19
	Angle ProtocolEURA	$1.06
	Worldwide USDWUSD	$1.00
	xDAIxDAI	$1.00
	USDHUSDH	$0.96
	lisUSDlisUSD	$0.99
	Amnis FinanceAMAPT	$8.69
	DRAMDRAM	$1.00
	Magic Internet MoneyMIM	$0.99
	Overnight DAI+DAI+	$1.00
	MAIMIMATIC	$0.98
	Decentralized USD (DefiChain)DUSD	$0.42
	Inter Stable TokenIST	$1.00
	Moola Celo USDmCUSD	$1.00
	JPY CoinJPYC	$0.01
	One CashONC	$0.09
	Sperax USDUSDs	$1.00
	Meter StableMTR	$0.69
	dForce USDUSX	$0.98
	ParallelPAR	$0.98
	Moola Celo EURmCEUR	$1.07
	CryptoFrancXCHF	$1.08
	ZARP StablecoinZARP	$0.05
	TON Bridged USDCJUSDC	$1.01
	Tether MXNtMXNt	$0.06
	Fantom USDFUSD	$0.43
	BiLiraTRYB	$0.03
	Mad USDMUSD	$0.38
	XIDRXIDR	$0.00
	JPY Coin v1JPYC	$0.01
	WEMIX DollarWEMIX$	$1.00
	Moremoney USDMONEY	$0.98
	xDollar StablecoinXUSD	$1.06
	USNUSN	$0.90
	USD BancorUSDB	$0.23
	TORTOR	$0.02
	wanUSDTWANUSDT	$1.00
	DigixDAODGD	$63.98
	Digix Gold TokenDGX	$43.49
	Karatgold CoinKBC	$0.00
	CAD CoinCADC	$0.35
	BRCP TOKENBRCP	$0.22
	SORA Synthetic USDXSTUSD	$0.43
	YUSD StablecoinYUSD	$0.99

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?