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.

Question 4

#	Name	Price	1h %	24h %	7d %	Market Cap	Volume(24h)	Circulating Supply
3	Tether USDT	$1.00	0.03%	0.00%	0.02%	$151.59B$151,588,781,911	$92,922,227,873 92.91B USDT	151.58B USDT
7	USDC USDC	$0.9997	0.03%	0.01%	0.04%	$60.63B$60,628,214,696	$13,247,189,297 13.25B USDC	60.64B USDC
26	Dai DAI	$0.9997	0.02%	0.00%	0.02%	$5.36B$5,364,051,701	$17,816,188,983 17.82B DAI	5.36B DAI
28	Ethena USDe USDe	$1.00	0.01%	0.01%	0.03%	$4.99B$4,986,837,977	$112,724,111 112.67M USDe	4.98B USDe
47	World Liberty Financial USD USD1	$1.00	0.08%	0.03%	0.40%	$2.13B$2,130,100,946	$134,786,490 134.65M USD1	2.12B USD1
56	First Digital USD FDUSD	$0.9986	0.03%	0.02%	0.01%	$1.51B$1,509,495,590	$4,161,335,953 4.16B FDUSD	1.51B FDUSD
80	PayPal USD PYUSD	$0.9994	0.01%	0.01%	0.02%	$897.28M$897,282,527	$24,638,864 24.65M PYUSD	897.77M PYUSD
114	TrueUSD TUSD	$0.9989	0.01%	0.02%	0.07%	$494.97M$494,973,966	$55,396,273 55.45M TUSD	495.51M TUSD
147	USDD USDD	$0.9998	0.03%	0.00%	0.03%	$374.86M$374,856,878	$17,048,035 17.05M USDD	374.92M USDD
205	Usual USD USD0	$0.9975	0.02%	0.01%	0.02%	$645.74M$645,744,377	$3,839,729 3.84M USD0	647.3M USD0
	Ondo US Dollar YieldUSDY	$1.09
	Falcon USDUSDf	$1.00
	Legacy Frax DollarFRAX	$1.00
	Ripple USDRLUSD	$1.00
	Global DollarUSDG	$1.00
	GHOGHO	$1.00
	EURCEURC	$1.12
	OpenEden OpenDollarUSDO	$1.01
	Elixir deUSDDEUSD	$1.00
	STASIS EUROEURS	$1.12
	Lift DollarUSDL	$1.00
	AUSDAUSD	$1.00
	USDBUSDB	$1.00
	Frax USDFRXUSD	$1.00
	Pax DollarUSDP	$1.00
	lisUSDlisUSD	$1.00
	Gemini DollarGUSD	$1.00
	Venus BUSDvBUSD	$0.02
	Anchored Coins AEURAEUR	$1.03
	BUSDBUSD	$1.00
	EuriteEURI	$1.12
	EUR CoinVertibleEURCV	$1.12
	StraitsX USDXUSD	$1.00
	Liquity USDLUSD	$1.00
	Tether EURtEURt	$1.11
	Celo DollarCUSD	$1.00
	sUSDSUSD	$0.96
	AmpleforthAMPL	$1.14
	MNEEMNEE	$1.00
	Aegis YUSDYUSD	$1.00
	ZUSDZUSD	$1.00
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	BIDRBIDR	$0.00
	StablR EuroEURR	$1.12
	XSGDXSGD	$0.77
	USDJUSDJ	$1.10
	Steem DollarsSBD	$0.92
	Worldwide USDWUSD	$1.00
	Quantoz USDQUSDQ	$1.00
	Origin DollarOUSD	$1.00
	Verified USDUSDV	$0.41
	Venus DAIvDAI	$0.03
	StablR USDUSDR	$1.00
	Celo EuroCEUR	$1.12
	Quantoz EURQEURQ	$1.12
	VNX Swiss FrancVCHF	$1.20
	DjedDJED	$1.00
	Fei USDFEI	$1.00
	VNX EuroVEUR	$1.12
	SMARDEX USDNUSDN	$1.01
	VaiVAI	$1.00
	Sperax USDUSDs	$1.04
	IDRXIDRX	$0.00
	Reflexer Ungovernance TokenFLX	$2.23
	VNX British PoundVGBP	$1.34
	Prisma mkUSDMKUSD	$1.00
	TheStandard USDUSDS	$0.99
	StandardSTND	$0.00
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	xUSDxUSD	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	USDP StablecoinUSDP	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Savings DaiSDAI	$1.16
	DOLADOLA	$1.00
	Amnis Aptos CoinAMAPT	$5.20
	Angle ProtocolEURA	$1.12
	Brazilian Digital TokenBRZ	$0.18
	Currency One USDUSD1	$1.00
	ZedxionUSDZ	$1.00
	Fathom DollarFXD	$0.91
	xDAIxDAI	$0.91
	Magic Internet MoneyMIM	$1.00
	Solayer USDSUSD	$1.10
	BounceBit USDBBUSD	$0.99
	Gyroscope GYDGYD	$1.00
	JPYC PrepaidJPYC	$0.01
	Meter StableMTR	$0.39
	One CashONC	$0.04
	Balance CoinBLC	$1.00
	Moola Celo USDmCUSD	$1.01
	MAIMIMATIC	$0.72
	EdelcoinEDLC	$3.15
	ZARP StablecoinZARP	$0.05
	USDHUSDH	$1.00
	Decentralized USD (DefiChain)DUSD	$0.06
	Inter Stable TokenIST	$1.00
	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?

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?

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