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%	0.02%	0.00%	$109.89B$109,892,777,244	$47,797,862,741 47,775,016,501 USDT	109,840,251,115 USDT
6	USDC USDC	$1.00	0.00%	0.01%	0.00%	$33.95B$33,948,762,360	$6,062,325,353 6,062,290,256 USDC	33,948,565,819 USDC
21	Dai DAI	$1.00	0.00%	0.01%	0.01%	$5.35B$5,349,141,117	$418,570,135 418,472,125 DAI	5,347,888,596 DAI
28	First Digital USD FDUSD	$1.00	0.06%	0.14%	0.25%	$3.82B$3,823,140,705	$7,615,888,006 7,597,900,586 FDUSD	3,814,111,103 FDUSD
107	USDD USDD	$0.9843	0.06%	0.11%	0.18%	$713.92M$713,916,980	$6,407,622 6,510,076 USDD	725,332,034 USDD
136	TrueUSD TUSD	$1.00	0.04%	0.05%	0.27%	$510.42M$510,422,475	$46,959,507 46,893,174 TUSD	509,701,467 TUSD
209	Ethena USDe USDe	$0.9995	0.02%	0.12%	0.09%	$2.37B$2,371,593,293	$88,030,980 88,075,577 USDE	2,372,794,749 USDe
218	Frax FRAX	$0.9987	0.02%	0.03%	0.20%	$648.62M$648,620,390	$34,881,588 34,925,357 FRAX	649,434,271 FRAX
296	PayPal USD PYUSD	$0.9994	0.02%	0.02%	0.10%	$202.54M$202,544,260	$14,042,883 14,050,785 PYUSD	202,658,227 PYUSD
311	TerraClassicUSD USTC	$0.01999	0.52%	0.42%	18.08%	$178.95M$178,948,132	$18,120,301 906,305,980 USTC	8,950,279,896 USTC
	USDJUSDJ	$1.12
	crvUSDCRVUSD	$1.00
	Pax DollarUSDP	$1.00
	STASIS EUROEURS	$1.07
	Gemini DollarGUSD	$1.00
	Liquity USDLUSD	$1.00
	USDX [Kava]USDX	$0.82
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.07
	Steem DollarsSBD	$4.03
	ReserveRSV	$1.66
	sUSDSUSD	$1.00
	EURCEURC	$1.06
	XSGDXSGD	$0.74
	Tether EURtEURt	$1.05
	Celo DollarCUSD	$1.00
	USDKUSDK	$0.89
	Prisma mkUSDMKUSD	$0.99
	ZUSDZUSD	$1.00
	Verified USDUSDV	$1.00
	Fei USDFEI	$0.95
	BIDRBIDR	$0.00
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	HUSDHUSD	$0.05
	Celo EuroCEUR	$1.06
	Origin DollarOUSD	$1.00
	VaiVAI	$1.00
	DjedDJED	$0.99
	VNX EuroVEUR	$1.07
	EOSDTEOSDT	$0.87
	VNX Swiss FrancVCHF	$1.09
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	IDRXIDRX	$0.00
	Savings DaiSDAI	$1.08
	Ethena Staked USDesUSDe	$1.05
	GHOGHO	$1.00
	USDP StablecoinUSDP	$1.00
	TON Bridged USDTJUSDT	$0.99
	DOLADOLA	$1.00
	Angle ProtocolEURA	$1.06
	ZedxionUSDZ	$1.00
	Fathom DollarFXD	$0.99
	Brazilian Digital TokenBRZ	$0.19
	Amnis FinanceAMAPT	$9.69
	Worldwide USDWUSD	$1.00
	xDAIxDAI	$1.00
	USDHUSDH	$0.96
	DRAMDRAM	$1.00
	lisUSDlisUSD	$0.99
	Magic Internet MoneyMIM	$0.99
	dForce USDUSX	$0.99
	MAIMIMATIC	$0.61
	Inter Stable TokenIST	$1.00
	Sperax USDUSDs	$1.00
	Moola Celo USDmCUSD	$1.00
	JPY CoinJPYC	$0.01
	One CashONC	$0.10
	Meter StableMTR	$0.75
	Decentralized USD (DefiChain)DUSD	$0.48
	USNUSN	$0.83
	Overnight DAI+DAI+	$1.00
	ParallelPAR	$0.99
	Moola Celo EURmCEUR	$1.06
	Tether MXNtMXNt	$0.06
	BiLiraTRYB	$0.03
	CryptoFrancXCHF	$1.11
	Fantom USDFUSD	$0.47
	SORA Synthetic USDXSTUSD	$0.52
	TON Bridged USDCJUSDC	$0.02
	Mad USDMUSD	$0.41
	wanUSDTWANUSDT	$1.00
	xDollar StablecoinXUSD	$1.05
	TORTOR	$0.02
	WEMIX DollarWEMIX$	$1.00
	USD BancorUSDB	$0.35
	SpiceUSDUSDS	$0.11
	JPY Coin v1JPYC	$0.01
	YUSD StablecoinYUSD	$1.00
	DigixDAODGD	$68.95
	Digix Gold TokenDGX	$52.38
	Karatgold CoinKBC	$0.00
	CAD CoinCADC	$0.39
	BRCP TOKENBRCP	$0.22
	XIDRXIDR	$0.00
	Moremoney USDMONEY	$1.00
	ZARP StablecoinZARP	$0.05
	Coin98 DollarCUSD	$0.73
	USDCASHUSDCASH	$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?