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
4	Tether USDT	$0.9989	0.01%	0.04%	0.05%	$138.21B$138,207,748,199	$141,822,662,292 141,974,596,139 USDT	138,355,809,409 USDT
8	USDC USDC	$0.9999	0.00%	0.04%	0.00%	$47.61B$47,614,436,130	$18,693,035,239 18,693,641,217 USDC	47,615,979,663 USDC
28	Ethena USDe USDe	$0.999	0.00%	0.09%	0.02%	$5.81B$5,807,501,770	$145,384,367 145,535,894 USDE	5,813,554,615 USDe
29	Dai DAI	$0.9998	0.02%	0.01%	0.02%	$5.36B$5,364,557,656	$123,957,567 123,976,631 DAI	5,365,382,703 DAI
64	First Digital USD FDUSD	$0.9981	0.06%	0.07%	0.11%	$1.86B$1,863,135,888	$9,022,314,955 9,039,726,291 FDUSD	1,866,731,383 FDUSD
118	USDD USDD	$0.9967	0.02%	0.09%	0.22%	$751.68M$751,678,751	$2,499,324 2,507,713 USDD	754,201,740 USDD
144	PayPal USD PYUSD	$0.999	0.01%	0.01%	0.04%	$530.65M$530,652,547	$46,448,175 46,492,830 PYUSD	531,162,707 PYUSD
156	TrueUSD TUSD	$0.9991	0.01%	0.09%	0.06%	$495.05M$495,051,319	$63,167,781 63,227,085 TUSD	495,516,083 TUSD
202	Usual USD USD0	$0.9991	0.04%	0.05%	0.10%	$1.47B$1,465,266,457	$39,354,091 39,390,350 USD0	1,466,616,486 USD0
210	Frax FRAX	$0.9965	0.00%	0.01%	0.08%	$647.18M$647,183,853	$34,626,120 34,746,479 FRAX	649,433,438 FRAX
	Ondo US Dollar YieldUSDY	$1.07
	USDJUSDJ	$1.14
	STASIS EUROEURS	$1.05
	Lift DollarUSDL	$1.00
	TerraClassicUSDUSTC	$0.02
	EURCEURC	$1.03
	Pax DollarUSDP	$1.00
	USDBUSDB	$1.00
	Steem DollarsSBD	$5.61
	USDX [Kava]USDX	$0.67
	lisUSDlisUSD	$0.99
	BUSDBUSD	$1.00
	Venus BUSDvBUSD	$0.02
	Gemini DollarGUSD	$1.00
	Liquity USDLUSD	$0.97
	Anchored Coins AEURAEUR	$0.97
	XSGDXSGD	$0.73
	Tether EURtEURt	$1.02
	Celo DollarCUSD	$1.00
	EuriteEURI	$1.03
	Global DollarUSDG	$1.00
	Reserve DollarRSV	$1.00
	sUSDSUSD	$0.98
	ZUSDZUSD	$1.00
	Rupiah TokenIDRT	$0.00
	Verified USDUSDV	$1.00
	MNEEMNEE	$1.00
	GYENGYEN	$0.01
	EdelcoinEDLC	$0.57
	BIDRBIDR	$0.00
	VNX Swiss FrancVCHF	$1.10
	HUSDHUSD	$0.04
	Venus DAIvDAI	$0.02
	Origin DollarOUSD	$1.00
	Fei USDFEI	$0.95
	Celo EuroCEUR	$1.03
	VNX EuroVEUR	$1.03
	DjedDJED	$0.99
	VaiVAI	$1.00
	Prisma mkUSDMKUSD	$1.00
	Sperax USDUSDs	$1.00
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Ripple USDRLUSD	$1.00
	Savings DaiSDAI	$1.14
	Overnight.fi USD+ (Base)USD+	$1.00
	AUSDAUSD	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Gyroscope GYDGYD	$1.00
	Worldwide USDWUSD	$1.00
	Amnis Aptos CoinAMAPT	$9.30
	USDP StablecoinUSDP	$1.00
	GHOGHO	$1.00
	DOLADOLA	$0.98
	Overnight.fi USD+ (Blast)USD+	$1.00
	USDHUSDH	$1.00
	Fathom DollarFXD	$1.00
	Magic Internet MoneyMIM	$1.00
	xDAIxDAI	$1.01
	XUSDXUSD	$1.00
	ZedxionUSDZ	$1.00
	Overnight.fi USD+ (Arbitrum)USD+	$1.00
	CriptodólarUXD	$1.00
	XIDRXIDR	$0.00
	Inter Stable TokenIST	$0.99
	JPYC PrepaidJPYC	$0.01
	BounceBit USDBBUSD	$0.99
	Brazilian Digital TokenBRZ	$0.16
	Quantoz EURQEURQ	$1.03
	Moola Celo USDmCUSD	$1.00
	dForce USDUSX	$0.99
	MAIMIMATIC	$0.51
	StablR EuroEURR	$1.03
	ZARP StablecoinZARP	$0.05
	Decentralized USD (DefiChain)DUSD	$0.05
	usdx.money (USDX)USDX	$1.00
	Angle ProtocolEURA	$1.03
	Quantoz USDQUSDQ	$1.00
	Moola Celo EURmCEUR	$1.03
	BiLiraTRYB	$0.03
	wanUSDTWANUSDT	$1.00
	Overnight.fi USD+ (Optimism)USD+	$1.00
	Tether MXNtMXNt	$0.05
	Meter StableMTR	$0.57
	JPY Coin v1JPYC	$0.01
	Mad USDMUSD	$0.02
	One CashONC	$0.06
	TORTOR	$0.01
	Fantom USDFUSD	$0.19

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?