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	0.02%	0.02%	0.01%	$173.11B$173,113,258,638	$152,322,842,647 152.25B	173.03B USDT
7	USDC USDC	$0.9998	0.01%	0.01%	0.00%	$74.04B$74,037,911,790	$19,763,833,464 19.76B	74.04B USDC
11	Ethena USDe USDe	$0.9998	0.00%	0.11%	0.12%	$14.35B$14,350,727,288	$1,270,717,706 1.27B	14.35B USDe
26	Dai DAI	$0.9998	0.01%	0.00%	0.00%	$5.36B$5,364,476,403	$199,692,233 199.72M	5.36B DAI
42	World Liberty Financial USD USD1	$1.00	0.03%	0.03%	0.03%	$2.7B$2,698,782,322	$362,275,573 362.16M	2.69B USD1
55	PayPal USD PYUSD	$0.9997	0.01%	0.02%	0.02%	$1.83B$1,834,235,226	$198,586,119 198.64M	1.83B PYUSD
74	First Digital USD FDUSD	$0.9982	0.03%	0.02%	0.02%	$1.1B$1,099,373,053	$8,388,414,019 8.40B	1.1B FDUSD
96	Ripple USD RLUSD	$0.9996	0.01%	0.01%	0.01%	$741.46M$741,464,457	$215,122,310 215.18M	741.69M RLUSD
121	TrueUSD TUSD	$0.9987	0.00%	0.02%	0.26%	$493.91M$493,905,515	$41,481,202 41.53M	494.51M TUSD
123	USDD USDD	$1.00	0.10%	0.04%	0.01%	$488.62M$488,621,591	$4,083,371 4.08M	488.36M USDD
	EURCEURC	$1.17
	Falcon USDUSDf	$1.00
	Global DollarUSDG	$1.00
	Ondo US Dollar YieldUSDY	$1.11
	Usual USDUSD0	$1.00
	GHOGHO	$1.00
	Legacy Frax DollarFRAX	$1.00
	STASIS EUROEURS	$1.17
	AUSDAUSD	$1.00
	Elixir deUSDDEUSD	$1.00
	Noble DollarUSDN	$1.00
	StandX DUSDDUSD	$1.00
	Frax USDFRXUSD	$1.00
	lisUSDlisUSD	$1.00
	MNEEMNEE	$1.00
	EUR CoinVertibleEURCV	$1.17
	MetaMask USDmUSD	$1.00
	Pax DollarUSDP	$1.00
	Venus BUSDvBUSD	$0.02
	USDBUSDB	$0.99
	EuriteEURI	$1.17
	StraitsX USDXUSD	$1.00
	BUSDBUSD	$1.02
	Anchored Coins AEURAEUR	$1.08
	Gemini DollarGUSD	$1.00
	sUSDSUSD	$0.98
	Lift DollarUSDL	$1.00
	Tether EURtEURt	$1.17
	Liquity USDLUSD	$1.00
	Celo DollarCUSD	$1.00
	Aegis YUSDYUSD	$1.00
	AmpleforthAMPL	$1.10
	ZUSDZUSD	$1.00
	StablR EuroEURR	$1.17
	USDJUSDJ	$1.38
	XSGDXSGD	$0.77
	Rupiah TokenIDRT	$0.00
	GYENGYEN	$0.00
	Origin DollarOUSD	$1.00
	Steem DollarsSBD	$0.85
	Quantoz USDQUSDQ	$1.00
	Venus DAIvDAI	$0.03
	StablR USDUSDR	$1.00
	VNX Swiss FrancVCHF	$1.25
	Worldwide USDWUSD	$1.00
	Quantoz EURQEURQ	$1.17
	SMARDEX USDNUSDN	$1.00
	Celo EuroCEUR	$1.18
	DjedDJED	$0.99
	VNX EuroVEUR	$1.18
	Fei USDFEI	$0.99
	VaiVAI	$1.00
	Verified USDUSDV	$0.09
	IDRXIDRX	$0.00
	Sperax USDUSDs	$1.02
	Reflexer Ungovernance TokenFLX	$1.67
	Prisma mkUSDMKUSD	$1.00
	TheStandard USDUSDS	$1.00
	Empty Set DollarESD	$0.00
	StandardSTND	$0.00
	Basis CashBAC	$0.00
	DOLADOLA	$1.00
	Hyperliquid USDUSDH	$1.00
	Resolv USRUSR	$1.00
	Savings DaiSDAI	$1.17
	Hyper USDUSDHL	$1.00
	USDP StablecoinUSDP	$1.00
	AllUnity EUREURAU	$1.17
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	CAD CoinCADC	$0.72
	xUSDxUSD	$1.00
	Angle ProtocolEURA	$1.17
	USDAUSDA	$1.00
	VNX British PoundVGBP	$1.35
	xDAIxDAI	$0.99
	ZedxionUSDZ	$1.00
	QuoriumQGOLD	$3926.17
	Magic Internet MoneyMIM	$1.00
	Solayer USDSUSD	$1.11
	Stables Labs (USDX)USDX	$1.00
	Overnight.fi USD+ (Optimism)USD+	$1.00
	BounceBit USDBBUSD	$1.00
	Brazilian Digital TokenBRZ	$0.19
	USDHUSDH	$1.00
	Fathom DollarFXD	$0.71
	EdelcoinEDLC	$2.98
	One CashONC	$0.05
	Meter StableMTR	$0.45
	ZARP StablecoinZARP	$0.06

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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