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	0.01%	0.05%	0.11%	$110.79B$110,790,451,737	$39,622,537,876 39,614,897,598 USDT	110,769,088,395 USDT
6	USDC USDC	$1.00	0.01%	0.01%	0.03%	$33.57B$33,568,683,119	$5,605,119,235 5,604,546,683 USDC	33,565,254,145 USDC
22	Dai DAI	$1.00	0.01%	0.04%	0.03%	$5.35B$5,348,518,659	$649,094,491 649,018,027 DAI	5,347,888,596 DAI
27	First Digital USD FDUSD	$0.9994	0.00%	0.08%	0.01%	$3.85B$3,854,114,045	$3,893,833,686 3,896,245,297 FDUSD	3,856,501,056 FDUSD
106	USDD USDD	$0.9957	0.05%	0.16%	1.44%	$731.46M$731,458,838	$5,039,682 5,061,698 USDD	734,654,188 USDD
130	TrueUSD TUSD	$0.9998	0.03%	0.07%	0.03%	$509.58M$509,583,298	$41,702,410 41,712,081 TUSD	509,701,467 TUSD
194	PayPal USD PYUSD	$0.9991	0.03%	0.07%	0.08%	$327.78M$327,781,510	$11,185,651 11,195,943 PYUSD	328,083,103 PYUSD
209	Ethena USDe USDe	$0.9995	0.01%	0.02%	0.11%	$2.29B$2,291,483,142	$50,080,086 50,103,637 USDE	2,292,560,769 USDe
217	Frax FRAX	$0.9987	0.00%	0.00%	0.01%	$648.57M$648,566,872	$15,750,063 15,771,127 FRAX	649,434,271 FRAX
226	USDB USDB	$0.9998	0.20%	0.26%	0.33%	$337.41M$337,406,798	$36,590,055 36,596,180 USDB	337,463,278 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	$1.08
	Steem DollarsSBD	$3.87
	sUSDSUSD	$0.99
	ReserveRSV	$1.64
	EURCEURC	$1.06
	XSGDXSGD	$0.74
	Tether EURtEURt	$1.06
	Celo DollarCUSD	$1.00
	USDKUSDK	$0.87
	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	$0.05
	Origin DollarOUSD	$1.00
	Celo EuroCEUR	$1.08
	VaiVAI	$1.00
	DjedDJED	$0.98
	EOSDTEOSDT	$0.96
	VNX EuroVEUR	$1.08
	VNX Swiss FrancVCHF	$1.11
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Savings DaiSDAI	$1.08
	EdelcoinEDLC	$1.06
	Ethena Staked USDesUSDe	$1.06
	USDP StablecoinUSDP	$1.00
	DOLADOLA	$1.00
	GHOGHO	$1.00
	ZedxionUSDZ	$1.00
	Fathom DollarFXD	$1.00
	Worldwide USDWUSD	$1.00
	lisUSDlisUSD	$0.98
	TON Bridged USDTJUSDT	$1.00
	xDAIxDAI	$1.00
	Brazilian Digital TokenBRZ	$0.20
	Amnis FinanceAMAPT	$8.98
	USDHUSDH	$0.95
	Angle ProtocolEURA	$1.07
	DRAMDRAM	$1.00
	Magic Internet MoneyMIM	$0.99
	Decentralized USD (DefiChain)DUSD	$0.44
	MAIMIMATIC	$0.74
	Sperax USDUSDs	$1.00
	One CashONC	$0.09
	Overnight DAI+DAI+	$1.00
	Meter StableMTR	$0.71
	JPY CoinJPYC	$0.01
	Moola Celo USDmCUSD	$1.00
	Inter Stable TokenIST	$1.00
	Tether MXNtMXNt	$0.06
	Moola Celo EURmCEUR	$1.07
	CryptoFrancXCHF	$1.08
	dForce USDUSX	$0.98
	ZARP StablecoinZARP	$0.05
	BiLiraTRYB	$0.03
	TON Bridged USDCJUSDC	$0.98
	SORA Synthetic USDXSTUSD	$0.43
	wanUSDTWANUSDT	$0.99
	Fantom USDFUSD	$0.44
	Mad USDMUSD	$0.39
	USNUSN	$0.85
	TORTOR	$0.02
	YUSD StablecoinYUSD	$1.00
	ParallelPAR	$0.67
	xDollar StablecoinXUSD	$1.06
	Moremoney USDMONEY	$1.01
	USD BancorUSDB	$0.24
	JPY Coin v1JPYC	$0.01
	WEMIX DollarWEMIX$	$1.00
	DigixDAODGD	$66.33
	Digix Gold TokenDGX	$45.09
	Karatgold CoinKBC	$0.00
	CAD CoinCADC	$0.38
	BRCP TOKENBRCP	$0.22
	XIDRXIDR	$0.00

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?