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
4	Tether USDT	$0.9999	0.01%	0.01%	0.13%	$139.31B$139,313,680,324	$59,051,468,463 59,058,333,484 USDT	139,329,876,219 USDT
7	USDC USDC	$1.00	0.01%	0.00%	0.00%	$52.18B$52,182,330,743	$6,531,783,627 6,531,772,448 USDC	52,182,241,438 USDC
28	Ethena USDe USDe	$1.00	0.01%	0.06%	0.24%	$5.77B$5,768,840,692	$48,660,928 48,629,568 USDE	5,765,122,894 USDe
29	Dai DAI	$1.00	0.01%	0.01%	0.05%	$5.37B$5,367,377,196	$151,731,494 151,675,111 DAI	5,365,382,703 DAI
63	First Digital USD FDUSD	$0.9997	0.01%	0.05%	0.19%	$1.84B$1,837,170,498	$2,995,504,302 2,996,273,187 FDUSD	1,837,642,061 FDUSD
113	USDD USDD	$0.9964	0.05%	0.16%	0.23%	$746.28M$746,277,706	$2,301,854 2,310,069 USDD	748,940,896 USDD
144	TrueUSD TUSD	$0.9987	0.03%	0.05%	0.04%	$494.86M$494,863,120	$53,819,178 53,890,192 TUSD	495,516,083 TUSD
145	PayPal USD PYUSD	$0.9998	0.01%	0.01%	0.02%	$486.7M$486,703,793	$13,820,885 13,823,940 PYUSD	486,811,372 PYUSD
203	Usual USD USD0	$0.9985	0.01%	0.00%	0.00%	$1.23B$1,233,523,453	$18,565,620 18,593,590 USD0	1,235,381,802 USD0
210	Frax FRAX	$0.997	0.00%	0.00%	0.08%	$647.47M$647,466,860	$2,800,551 2,809,057 FRAX	649,433,438 FRAX
	Ondo US Dollar YieldUSDY	$1.07
	USDJUSDJ	$1.14
	STASIS EUROEURS	$1.06
	EURCEURC	$1.05
	USDBUSDB	$1.00
	TerraClassicUSDUSTC	$0.02
	Lift DollarUSDL	$1.00
	Pax DollarUSDP	$1.00
	lisUSDlisUSD	$0.99
	USDX [Kava]USDX	$0.57
	Steem DollarsSBD	$4.47
	BUSDBUSD	$1.00
	Venus BUSDvBUSD	$0.02
	Gemini DollarGUSD	$1.00
	Liquity USDLUSD	$0.98
	Anchored Coins AEURAEUR	$0.97
	EUR CoinVertibleEURCV	$1.05
	Tether EURtEURt	$1.04
	XSGDXSGD	$0.74
	Celo DollarCUSD	$1.00
	EuriteEURI	$1.05
	Global DollarUSDG	$1.00
	Reserve DollarRSV	$1.00
	sUSDSUSD	$0.98
	ZUSDZUSD	$1.00
	Rupiah TokenIDRT	$0.00
	Verified USDUSDV	$1.00
	MNEEMNEE	$1.00
	GYENGYEN	$0.01
	BIDRBIDR	$0.00
	VNX Swiss FrancVCHF	$1.11
	Worldwide USDWUSD	$1.00
	Origin DollarOUSD	$1.00
	HUSDHUSD	$0.04
	Venus DAIvDAI	$0.02
	Fei USDFEI	$0.96
	VNX EuroVEUR	$1.05
	Celo EuroCEUR	$1.05
	DjedDJED	$0.99
	VaiVAI	$1.00
	StablR EuroEURR	$1.05
	Sperax USDUSDs	$1.00
	Prisma mkUSDMKUSD	$1.00
	EdelcoinEDLC	$0.03
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Ripple USDRLUSD	$1.00
	Savings DaiSDAI	$1.14
	Gyroscope GYDGYD	$1.00
	AUSDAUSD	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	DOLADOLA	$0.99
	GHOGHO	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	USDP StablecoinUSDP	$1.00
	Fathom DollarFXD	$1.00
	Angle ProtocolEURA	$1.05
	xDAIxDAI	$1.00
	Amnis Aptos CoinAMAPT	$8.13
	Overnight.fi USD+ (Blast)USD+	$1.00
	ZedxionUSDZ	$1.00
	Magic Internet MoneyMIM	$1.00
	XUSDXUSD	$1.00
	CriptodólarUXD	$1.00
	XIDRXIDR	$0.00
	MAIMIMATIC	$0.62
	USDHUSDH	$0.99
	Quantoz EURQEURQ	$1.04
	JPYC PrepaidJPYC	$0.01
	dForce USDUSX	$0.99
	Overnight.fi USD+ (Arbitrum)USD+	$1.00
	BounceBit USDBBUSD	$0.99
	Brazilian Digital TokenBRZ	$0.17
	Decentralized USD (DefiChain)DUSD	$0.05
	Moola Celo USDmCUSD	$1.00
	Inter Stable TokenIST	$0.99
	ZARP StablecoinZARP	$0.05
	Quantoz USDQUSDQ	$1.00
	BiLiraTRYB	$0.03
	Overnight.fi USD+ (Optimism)USD+	$1.00
	Moola Celo EURmCEUR	$1.05
	usdx.money (USDX)USDX	$1.00
	One CashONC	$0.06
	Meter StableMTR	$0.53
	Overnight DAI+DAI+	$1.00
	Tether MXNtMXNt	$0.05
	Fantom USDFUSD	$0.14
	ParallelPAR	$0.41
	Mad USDMUSD	$0.02

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?