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
3	Tether USDT	$0.9992	0.01%	0.01%	0.02%	$112.12B$112,124,219,462	$41,390,789,448 41,422,459,399 USDT	112,210,010,735 USDT
6	USDC USDC	$1.00	0.00%	0.01%	0.01%	$32.37B$32,367,746,477	$2,674,985,776 2,674,871,246 USDC	32,366,360,646 USDC
24	Dai DAI	$0.9998	0.01%	0.01%	0.00%	$5.35B$5,346,771,539	$198,466,913 198,508,377 DAI	5,347,888,596 DAI
38	First Digital USD FDUSD	$0.9984	0.02%	0.00%	0.05%	$2.9B$2,899,507,906	$2,937,400,860 2,941,961,377 FDUSD	2,904,009,591 FDUSD
110	USDD USDD	$1.00	0.18%	0.52%	0.48%	$734.2M$734,204,019	$5,579,127 5,560,220 USDD	731,715,873 USDD
144	TrueUSD TUSD	$0.9982	0.03%	0.02%	0.05%	$499.87M$499,869,718	$38,501,621 38,570,273 TUSD	500,761,023 TUSD
177	PayPal USD PYUSD	$0.9977	0.17%	0.01%	0.07%	$398.19M$398,187,197	$7,651,460 7,669,052 PYUSD	399,102,730 PYUSD
212	Ethena USDe USDe	$1.00	0.00%	0.01%	0.02%	$3.03B$3,026,304,767	$41,895,103 41,870,789 USDE	3,024,548,473 USDe
219	Ethena Staked USDe sUSDe	$1.07	0.07%	0.02%	0.10%	$1.22B$1,217,099,070	$3,722,622 3,473,600 SUSDE	1,135,682,328 sUSDe
228	Frax FRAX	$0.9977	0.01%	0.02%	0.01%	$647.91M$647,910,893	$7,297,778 7,314,937 FRAX	649,434,271 FRAX
	USDBUSDB	$1.00
	Ondo US Dollar YieldUSDY	$1.04
	USDJUSDJ	$1.08
	TerraClassicUSDUSTC	$0.02
	Pax DollarUSDP	$1.00
	crvUSDCRVUSD	$1.00
	STASIS EUROEURS	$1.08
	Venus USDCvUSDC	$0.02
	Liquity USDLUSD	$1.00
	USDX [Kava]USDX	$0.82
	Gemini DollarGUSD	$1.00
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.08
	Venus BUSDvBUSD	$0.02
	ReserveRSV	$1.85
	Steem DollarsSBD	$3.59
	EURCEURC	$1.08
	sUSDSUSD	$1.00
	Tether EURtEURt	$1.07
	Celo DollarCUSD	$1.00
	Venus USDTvUSDT	$0.02
	XSGDXSGD	$0.74
	USDKUSDK	$0.86
	ZUSDZUSD	$1.00
	Verified USDUSDV	$1.00
	Fei USDFEI	$0.96
	Prisma mkUSDMKUSD	$0.98
	BIDRBIDR	$0.00
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	HUSDHUSD	$0.05
	Origin DollarOUSD	$1.00
	VNX Swiss FrancVCHF	$1.11
	Celo EuroCEUR	$1.08
	Venus DAIvDAI	$0.02
	VaiVAI	$1.00
	DjedDJED	$0.98
	EOSDTEOSDT	$0.98
	VNX EuroVEUR	$1.08
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Savings DaiSDAI	$1.09
	EdelcoinEDLC	$1.06
	USDP StablecoinUSDP	$1.00
	DOLADOLA	$1.00
	lisUSDlisUSD	$1.00
	Decentralized USD (DefiChain)DUSD	$0.10
	ZedxionUSDZ	$1.00
	Worldwide USDWUSD	$1.00
	Angle ProtocolEURA	$1.08
	Fathom DollarFXD	$1.00
	xDAIxDAI	$1.02
	USDHUSDH	$0.97
	GHOGHO	$1.00
	TON Bridged USDTJUSDT	$0.99
	Brazilian Digital TokenBRZ	$0.19
	DRAMDRAM	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	XIDRXIDR	$0.00
	Magic Internet MoneyMIM	$0.99
	Sperax USDUSDs	$1.00
	One CashONC	$0.10
	MAIMIMATIC	$0.65
	JPY CoinJPYC	$0.01
	Meter StableMTR	$0.69
	Inter Stable TokenIST	$1.00
	dForce USDUSX	$0.98
	Moola Celo USDmCUSD	$1.00
	Amnis Aptos CoinAMAPT	$8.86
	Fantom USDFUSD	$0.45
	Moola Celo EURmCEUR	$1.09
	Overnight DAI+DAI+	$1.00
	wanUSDTWANUSDT	$1.00
	SORA Synthetic USDXSTUSD	$0.61
	Tether MXNtMXNt	$0.06
	Mad USDMUSD	$0.34
	CryptoFrancXCHF	$0.91
	BiLiraTRYB	$0.03
	USNUSN	$0.98
	USD BancorUSDB	$0.59
	TORTOR	$0.02
	xDollar StablecoinXUSD	$1.05
	Karatgold CoinKBC	$0.00
	ParallelPAR	$0.86
	WEMIX DollarWEMIX$	$1.00
	JPY Coin v1JPYC	$0.01
	DigixDAODGD	$73.18
	Digix Gold TokenDGX	$50.57
	CAD CoinCADC	$0.47

Top Stablecoin Tokens by Market Capitalization

Frequently Asked Questions (FAQs)

How do Stablecoins work?

What are the different types of Stablecoins?

What are the advantages of Stablecoins?

What are the disadvantages of Stablecoins?