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	0.02%	0.07%	0.03%	$143.45B$143,446,509,708	$58,614,957,363 58.64B USDT	143.52B USDT
7	USDC USDC	$0.9999	0.01%	0.01%	0.02%	$59.39B$59,391,329,026	$10,156,819,955 10.15B USDC	59.39B USDC
25	Ethena USDe USDe	$0.9996	0.00%	0.05%	0.01%	$5.41B$5,414,142,113	$100,975,278 101.01M USDe	5.41B USDe
26	Dai DAI	$1.00	0.01%	0.00%	0.01%	$5.37B$5,366,141,257	$174,714,296 174.68M DAI	5.36B DAI
39	First Digital USD FDUSD	$0.9997	0.02%	0.01%	0.13%	$2.29B$2,293,833,166	$5,037,449,317 5.03B FDUSD	2.29B FDUSD
76	PayPal USD PYUSD	$0.9995	0.01%	0.02%	0.01%	$764.75M$764,751,548	$53,843,665 53.86M PYUSD	765.07M PYUSD
107	TrueUSD TUSD	$0.9993	0.04%	0.03%	0.09%	$495.21M$495,211,803	$54,648,519 54.68M TUSD	495.51M TUSD
202	Usual USD USD0	$0.9978	0.01%	0.01%	0.00%	$972.7M$972,702,278	$18,692,151 18.73M USD0	974.79M USD0
213	Ondo US Dollar Yield USDY	$1.09	0.01%	0.01%	0.06%	$386.33M$386,328,430	$692,682 634.67K USDY	353.97M USDY
215	Frax FRAX	$0.9989	0.00%	0.01%	0.01%	$348.5M$348,499,140	$9,108,357 9.11M FRAX	348.87M FRAX
	USDDUSDD	$1.00
	Ripple USDRLUSD	$1.00
	Global DollarUSDG	$1.00
	EURCEURC	$1.08
	STASIS EUROEURS	$1.08
	USDBUSDB	$1.00
	Pax DollarUSDP	$1.00
	Falcon USDUSDf	$1.00
	USDX [Kava]USDX	$0.66
	TerraClassicUSDUSTC	$0.01
	lisUSDlisUSD	$1.00
	Venus BUSDvBUSD	$0.02
	Lift DollarUSDL	$1.00
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.00
	Gemini DollarGUSD	$1.00
	Liquity USDLUSD	$1.00
	EUR CoinVertibleEURCV	$1.09
	Tether EURtEURt	$1.07
	EuriteEURI	$1.09
	Celo DollarCUSD	$1.00
	StraitsX USDXUSD	$1.00
	Reserve DollarRSV	$1.00
	sUSDSUSD	$0.98
	XSGDXSGD	$0.75
	MNEEMNEE	$1.00
	ZUSDZUSD	$1.00
	Rupiah TokenIDRT	$0.00
	GYENGYEN	$0.01
	BIDRBIDR	$0.00
	USDJUSDJ	$1.13
	VNX Swiss FrancVCHF	$1.13
	Steem DollarsSBD	$0.81
	Verified USDUSDV	$0.46
	Origin DollarOUSD	$1.00
	Venus DAIvDAI	$0.03
	Worldwide USDWUSD	$1.00
	StablR USDUSDR	$1.00
	Celo EuroCEUR	$1.08
	VNX EuroVEUR	$1.09
	SMARDEX USDNUSDN	$1.00
	DjedDJED	$1.00
	VaiVAI	$1.00
	Fei USDFEI	$0.97
	StablR EuroEURR	$1.08
	Quantoz EURQEURQ	$1.09
	Sperax USDUSDs	$1.01
	Prisma mkUSDMKUSD	$1.00
	TheStandard USDUSDS	$0.99
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	AUSDAUSD	$1.00
	Frax USDFRXUSD	$1.00
	Staked Frax USDSFRXUSD	$1.12
	GHOGHO	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	Savings DaiSDAI	$1.15
	USDP StablecoinUSDP	$1.00
	xUSDxUSD	$1.00
	Magic Internet MoneyMIM	$1.00
	Amnis Aptos CoinAMAPT	$5.56
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Aegis YUSDYUSD	$1.00
	Quantoz USDQUSDQ	$1.00
	xDAIxDAI	$1.00
	Gyroscope GYDGYD	$1.00
	Stables Labs (USDX)USDX	$1.00
	DOLADOLA	$1.00
	ZedxionUSDZ	$1.00
	XIDRXIDR	$0.00
	Brazilian Digital TokenBRZ	$0.18
	Fathom DollarFXD	$1.00
	JPYC PrepaidJPYC	$0.01
	Angle ProtocolEURA	$1.09
	EdelcoinEDLC	$3.76
	Decentralized USD (DefiChain)DUSD	$0.03
	Inter Stable TokenIST	$1.00
	MAIMIMATIC	$0.30
	Stable CoinSBC	$1.00
	USDHUSDH	$1.00
	BounceBit USDBBUSD	$1.00
	ZARP StablecoinZARP	$0.05
	Moola Celo USDmCUSD	$0.99
	USD OneUSD1	$1.00
	wanUSDTWANUSDT	$1.00
	BiLiraTRYB	$0.03
	Meter StableMTR	$0.38
	Moola Celo EURmCEUR	$1.08
	Overnight.fi USD+ (Optimism)USD+	$1.00

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?