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	$0.9997	0.03%	0.02%	0.04%	$186.23B$186,226,493,156	$105,733,464,637 105.76B	186.27B USDT
6	USDC USDC	$0.9995	0.02%	0.03%	0.05%	$77.27B$77,267,359,477	$13,060,133,836 13.06B	77.3B USDC
18	Ethena USDe USDe	$0.9990	0.01%	0.00%	0.04%	$6.43B$6,433,354,981	$111,529,821 111.64M	6.43B USDe
20	Dai DAI	$0.9999	0.03%	0.02%	0.01%	$5.37B$5,365,251,028	$114,527,954 114.53M	5.36B DAI
25	PayPal USD PYUSD	$0.9997	0.01%	0.01%	0.02%	$3.88B$3,875,802,305	$90,341,287 90.36M	3.87B PYUSD
33	World Liberty Financial USD USD1	$0.9991	0.01%	0.01%	0.01%	$2.71B$2,709,417,411	$609,203,861 609.75M	2.71B USD1
48	Global Dollar USDG	$0.9995	0.05%	0.02%	0.04%	$1.47B$1,471,617,376	$25,442,306 25.45M	1.47B USDG
50	Ripple USD RLUSD	$1.00	0.10%	0.07%	0.05%	$1.34B$1,336,672,165	$106,659,136 106.61M	1.33B RLUSD
67	USDD USDD	$0.9989	0.07%	0.07%	0.13%	$835.35M$835,350,925	$6,829,779 6.83M	836.25M USDD
79	First Digital USD FDUSD	$0.9987	0.03%	0.00%	0.03%	$517.76M$517,762,256	$4,987,347,175 4.99B	518.42M FDUSD
	TrueUSDTUSD	$1.00
	EURCEURC	$1.17
	Falcon USDUSDf	$1.00
	Ondo US Dollar YieldUSDY	$1.12
	Usual USDUSD0	$1.00
	USDaiUSDAI	$1.00
	GHOGHO	$1.00
	Legacy Frax DollarFRAX	$0.99
	AUSDAUSD	$1.00
	StandX DUSDDUSD	$1.00
	GUSDGUSD	$1.00
	Frax USDFRXUSD	$1.00
	MNEEMNEE	$1.00
	EUR CoinVertibleEURCV	$1.17
	lisUSDlisUSD	$1.00
	Venus BUSDvBUSD	$0.02
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.15
	Pax DollarUSDP	$1.00
	EuriteEURI	$1.17
	USDHUSDH	$1.00
	Gemini DollarGUSD	$1.00
	StraitsX USDXUSD	$1.00
	Aegis YUSDYUSD	$1.00
	sUSDSUSD	$0.90
	Liquity USDLUSD	$1.00
	Tether EURtEURt	$1.02
	Celo DollarCUSD	$1.00
	AmpleforthAMPL	$1.12
	USDBUSDB	$0.99
	USD CoinVertibleUSDCV	$1.00
	Reserve DollarRSV	$0.98
	MetaMask USDmUSD	$1.00
	AllUnity EUREURAU	$1.17
	ZUSDZUSD	$1.00
	StablR EuroEURR	$1.17
	XSGDXSGD	$0.77
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	Origin DollarOUSD	$1.00
	Quantoz USDQUSDQ	$1.00
	StablR USDUSDR	$1.00
	Venus DAIvDAI	$0.03
	USDJUSDJ	$0.60
	United StablesU	$1.00
	Lift DollarUSDL	$1.00
	VNX Swiss FrancVCHF	$1.25
	Steem DollarsSBD	$0.44
	Worldwide USDWUSD	$1.00
	Quantoz EURQEURQ	$1.17
	Verified USDUSDV	$0.22
	Celo EuroCEUR	$1.17
	Fei USDFEI	$0.99
	DjedDJED	$1.01
	VNX EuroVEUR	$1.17
	VaiVAI	$1.00
	SMARDEX USDNUSDN	$1.00
	IDRXIDRX	$0.00
	Sperax USDUSDs	$1.00
	Reflexer Ungovernance TokenFLX	$1.81
	TheStandard USDUSDS	$1.00
	Empty Set DollarESD	$0.00
	Elixir deUSDDEUSD	$0.00
	Basis CashBAC	$0.00
	USDT0USDT0	$1.00
	USDP StablecoinUSDP	$1.00
	xUSDxUSD	$1.00
	Overnight.fi USD+ (Base)USD+	$0.99
	CAD CoinCADC	$0.72
	Resolv USRUSR	$1.00
	Hyper USDUSDHL	$1.00
	xDAIxDAI	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	QuoriumQGOLD	$4317.25
	Brazilian Digital TokenBRZ	$0.18
	Magic Internet MoneyMIM	$1.00
	Monerium EUReEURe	$1.17
	KRWQKRWQ	$0.00
	ZARP StablecoinZARP	$0.06
	VNX British PoundVGBP	$1.33
	Fathom DollarFXD	$0.92
	Angle ProtocolEURA	$1.17
	DOLADOLA	$0.99
	Overnight.fi USD+ (Optimism)USD+	$1.00
	EURØPEUROP	$1.17
	MAIMIMATIC	$0.67
	Meter StableMTR	$0.24
	One CashONC	$0.02
	USDHUSDH	$1.00
	Moola Celo USDmCUSD	$0.99

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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