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	0.00%	0.01%	0.01%	$150.69B$150,688,971,212	$81,471,510,165 81.45B USDT	150.66B USDT
7	USDC USDC	$0.9999	0.01%	0.01%	0.00%	$60.52B$60,520,153,183	$10,310,686,867 10.31B USDC	60.52B USDC
27	Dai DAI	$0.9999	0.00%	0.01%	0.02%	$5.37B$5,365,029,899	$16,808,145,310 16.80B DAI	5.36B DAI
28	Ethena USDe USDe	$1.00	0.01%	0.00%	0.00%	$4.8B$4,803,382,429	$126,880,924 126.83M USDe	4.8B USDe
47	World Liberty Financial USD USD1	$1.00	0.00%	0.05%	0.12%	$2.13B$2,128,228,576	$52,697,956 52.69M USD1	2.12B USD1
57	First Digital USD FDUSD	$0.9982	0.05%	0.03%	0.01%	$1.51B$1,511,931,943	$4,458,621,633 4.46B FDUSD	1.51B FDUSD
84	PayPal USD PYUSD	$0.9995	0.00%	0.00%	0.02%	$889.17M$889,168,540	$14,473,239 14.47M PYUSD	889.52M PYUSD
122	TrueUSD TUSD	$0.9982	0.01%	0.01%	0.00%	$494.66M$494,662,967	$53,469,500 53.56M TUSD	495.51M TUSD
152	USDD USDD	$1.00	0.04%	0.05%	0.00%	$361.01M$361,011,060	$11,380,935 11.37M USDD	360.87M USDD
205	Usual USD USD0	$0.9983	0.00%	0.06%	0.04%	$647.19M$647,190,955	$29,489,410 29.53M USD0	648.24M USD0
	Ondo US Dollar YieldUSDY	$1.10
	Legacy Frax DollarFRAX	$1.00
	Ripple USDRLUSD	$1.00
	Global DollarUSDG	$1.00
	GHOGHO	$1.00
	Falcon USDUSDf	$1.00
	EURCEURC	$1.12
	OpenEden OpenDollarUSDO	$1.01
	STASIS EUROEURS	$1.12
	Lift DollarUSDL	$1.00
	USDBUSDB	$1.00
	Frax USDFRXUSD	$1.00
	Pax DollarUSDP	$1.00
	lisUSDlisUSD	$1.00
	Venus BUSDvBUSD	$0.02
	Anchored Coins AEURAEUR	$1.04
	BUSDBUSD	$1.00
	Gemini DollarGUSD	$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	$0.93
	MNEEMNEE	$1.00
	Aegis YUSDYUSD	$1.00
	ZUSDZUSD	$1.00
	Rupiah TokenIDRT	$0.00
	GYENGYEN	$0.01
	BIDRBIDR	$0.00
	StablR EuroEURR	$1.12
	XSGDXSGD	$0.77
	USDJUSDJ	$1.14
	Steem DollarsSBD	$0.91
	Verified USDUSDV	$0.51
	Worldwide USDWUSD	$1.00
	Quantoz USDQUSDQ	$1.00
	Origin DollarOUSD	$1.00
	Venus DAIvDAI	$0.03
	StablR USDUSDR	$1.00
	Celo EuroCEUR	$1.12
	VNX Swiss FrancVCHF	$1.19
	Quantoz EURQEURQ	$1.12
	Fei USDFEI	$0.99
	DjedDJED	$0.99
	VNX EuroVEUR	$1.12
	VaiVAI	$1.00
	SMARDEX USDNUSDN	$1.01
	Sperax USDUSDs	$1.04
	VNX British PoundVGBP	$1.33
	IDRXIDRX	$0.00
	Prisma mkUSDMKUSD	$1.01
	TheStandard USDUSDS	$1.00
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	AUSDAUSD	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	xUSDxUSD	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	Amnis Aptos CoinAMAPT	$5.54
	DOLADOLA	$1.00
	USDP StablecoinUSDP	$1.00
	Magic Internet MoneyMIM	$1.00
	xDAIxDAI	$1.00
	Currency One USDUSD1	$1.00
	ZedxionUSDZ	$1.00
	Fathom DollarFXD	$0.91
	Brazilian Digital TokenBRZ	$0.18
	JPYC PrepaidJPYC	$0.01
	One CashONC	$0.04
	Meter StableMTR	$0.38
	Solayer USDSUSD	$1.10
	BounceBit USDBBUSD	$0.99
	Moola Celo USDmCUSD	$1.00
	ZARP StablecoinZARP	$0.05
	USDHUSDH	$1.00
	Savings DaiSDAI	$1.16
	MAIMIMATIC	$0.20
	EdelcoinEDLC	$3.83
	Angle ProtocolEURA	$1.12
	Stables Labs (USDX)USDX	$1.00
	Decentralized USD (DefiChain)DUSD	$0.05
	Moola Celo EURmCEUR	$1.12
	Inter Stable TokenIST	$1.00
	wanUSDTWANUSDT	$1.00
	Overnight.fi USD+ (Optimism)USD+	$1.00
	Tether MXNtMXNt	$0.05
	Overnight DAI+DAI+	$1.01
	CriptodólarUXD	$0.95

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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