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	$0.9994	0.00%	0.01%	0.10%	$110.49B$110,494,253,705	$37,867,482,296 37,891,012,281 USDT	110,562,912,302 USDT
6	USDC USDC	$1.00	0.01%	0.01%	0.00%	$33.49B$33,486,496,819	$4,191,358,251 4,191,254,565 USDC	33,485,668,424 USDC
22	Dai DAI	$1.00	0.00%	0.01%	0.02%	$5.35B$5,347,940,843	$377,695,992 377,692,303 DAI	5,347,888,596 DAI
24	First Digital USD FDUSD	$0.9994	0.02%	0.02%	0.03%	$4.42B$4,415,621,637	$4,113,082,178 4,115,550,964 FDUSD	4,418,272,015 FDUSD
109	USDD USDD	$0.9812	0.16%	0.19%	0.25%	$711.68M$711,678,459	$5,107,767 5,205,760 USDD	725,332,034 USDD
134	TrueUSD TUSD	$0.9995	0.01%	0.01%	0.16%	$509.44M$509,442,557	$43,506,856 43,528,968 TUSD	509,701,467 TUSD
209	Ethena USDe USDe	$0.9987	0.02%	0.03%	0.13%	$2.35B$2,349,276,490	$42,497,919 42,551,872 USDE	2,352,259,035 USDe
217	Frax FRAX	$0.9987	0.01%	0.02%	0.01%	$648.61M$648,607,055	$29,212,718 29,249,975 FRAX	649,434,271 FRAX
228	USDB USDB	$1.01	0.19%	0.41%	0.42%	$330.86M$330,863,107	$35,928,498 35,673,693 USDB	328,516,629 USDB
231	PayPal USD PYUSD	$0.9984	0.03%	0.09%	0.10%	$302.41M$302,405,396	$9,317,038 9,331,798 PYUSD	302,884,441 PYUSD
	USDJUSDJ	$1.12
	TerraClassicUSDUSTC	$0.02
	Pax DollarUSDP	$1.00
	crvUSDCRVUSD	$1.00
	STASIS EUROEURS	$1.07
	Liquity USDLUSD	$1.00
	Gemini DollarGUSD	$1.00
	USDX [Kava]USDX	$0.82
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.07
	Steem DollarsSBD	$3.93
	sUSDSUSD	$1.00
	ReserveRSV	$1.70
	EURCEURC	$1.06
	Tether EURtEURt	$1.06
	XSGDXSGD	$0.73
	Celo DollarCUSD	$1.00
	USDKUSDK	$0.89
	ZUSDZUSD	$1.00
	Prisma mkUSDMKUSD	$0.99
	Verified USDUSDV	$1.00
	Fei USDFEI	$0.97
	BIDRBIDR	$0.00
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	HUSDHUSD	$0.05
	Origin DollarOUSD	$1.00
	Celo EuroCEUR	$1.07
	VaiVAI	$1.00
	DjedDJED	$0.99
	VNX EuroVEUR	$1.07
	EOSDTEOSDT	$0.84
	VNX Swiss FrancVCHF	$1.09
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Savings DaiSDAI	$1.08
	Ethena Staked USDesUSDe	$1.05
	EdelcoinEDLC	$1.06
	DOLADOLA	$1.00
	USDP StablecoinUSDP	$1.00
	GHOGHO	$1.00
	ZedxionUSDZ	$1.00
	Fathom DollarFXD	$0.98
	Worldwide USDWUSD	$1.00
	Angle ProtocolEURA	$1.06
	Amnis FinanceAMAPT	$8.95
	xDAIxDAI	$1.01
	TON Bridged USDTJUSDT	$0.99
	USDHUSDH	$0.96
	MAIMIMATIC	$0.98
	DRAMDRAM	$1.00
	Brazilian Digital TokenBRZ	$0.19
	lisUSDlisUSD	$0.99
	Magic Internet MoneyMIM	$0.99
	JPY CoinJPYC	$0.01
	Inter Stable TokenIST	$1.00
	Moola Celo USDmCUSD	$1.00
	One CashONC	$0.09
	Sperax USDUSDs	$1.00
	Meter StableMTR	$0.72
	Decentralized USD (DefiChain)DUSD	$0.48
	Overnight DAI+DAI+	$1.00
	dForce USDUSX	$0.98
	CryptoFrancXCHF	$1.10
	Moola Celo EURmCEUR	$1.07
	ZARP StablecoinZARP	$0.05
	BiLiraTRYB	$0.03
	Tether MXNtMXNt	$0.06
	Mad USDMUSD	$0.38
	ParallelPAR	$0.96
	TON Bridged USDCJUSDC	$0.02
	Fantom USDFUSD	$0.44
	USNUSN	$0.87
	JPY Coin v1JPYC	$0.01
	TORTOR	$0.02
	USD BancorUSDB	$0.25
	xDollar StablecoinXUSD	$1.05
	WEMIX DollarWEMIX$	$1.00
	wanUSDTWANUSDT	$1.00
	DigixDAODGD	$67.67
	Digix Gold TokenDGX	$43.90
	Karatgold CoinKBC	$0.00
	CAD CoinCADC	$0.40
	BRCP TOKENBRCP	$0.22
	XIDRXIDR	$0.00
	SORA Synthetic USDXSTUSD	$0.35
	Moremoney USDMONEY	$0.97
	YUSD StablecoinYUSD	$1.00
	SpiceUSDUSDS	$0.11

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?