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	$1.00	0.00%	0.03%	0.04%	$111.35B$111,350,515,716	$40,948,480,241 40,942,890,851 USDT	111,335,316,581 USDT
6	USDC USDC	$0.9999	0.01%	0.02%	0.01%	$33.45B$33,451,962,869	$4,170,706,923 4,170,930,485 USDC	33,453,755,996 USDC
22	Dai DAI	$1.00	0.01%	0.00%	0.01%	$5.35B$5,348,282,640	$641,904,886 641,857,593 DAI	5,347,888,596 DAI
29	First Digital USD FDUSD	$0.9996	0.00%	0.07%	0.11%	$3.55B$3,553,507,564	$3,280,845,393 3,282,010,603 FDUSD	3,554,769,612 FDUSD
105	USDD USDD	$0.9976	0.10%	0.00%	0.02%	$730.91M$730,905,507	$4,273,469 4,283,783 USDD	732,669,649 USDD
134	TrueUSD TUSD	$1.00	0.02%	0.06%	0.13%	$509.91M$509,909,486	$40,277,687 40,261,255 TUSD	509,701,467 TUSD
165	PayPal USD PYUSD	$0.9981	0.05%	0.14%	0.15%	$398.35M$398,354,147	$6,170,755 6,182,351 PYUSD	399,102,730 PYUSD
209	Ethena USDe USDe	$1.00	0.02%	0.01%	0.09%	$2.43B$2,433,421,221	$193,519,432 193,197,676 USDE	2,429,375,273 USDe
217	Frax FRAX	$0.998	0.03%	0.02%	0.00%	$648.14M$648,135,200	$19,426,341 19,465,278 FRAX	649,434,271 FRAX
226	USDB USDB	$1.00	0.05%	0.03%	0.64%	$357.63M$357,630,992	$32,610,009 32,478,888 USDB	356,192,997 USDB
	Ondo US Dollar YieldUSDY	$1.04
	USDJUSDJ	$1.08
	TerraClassicUSDUSTC	$0.02
	Pax DollarUSDP	$1.00
	crvUSDCRVUSD	$1.00
	STASIS EUROEURS	$1.09
	Venus USDCvUSDC	$0.02
	Liquity USDLUSD	$1.00
	USDX [Kava]USDX	$0.82
	Gemini DollarGUSD	$1.00
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.09
	Venus BUSDvBUSD	$0.02
	Steem DollarsSBD	$3.76
	sUSDSUSD	$0.98
	ReserveRSV	$1.64
	EURCEURC	$1.08
	Tether EURtEURt	$1.08
	Celo DollarCUSD	$1.00
	XSGDXSGD	$0.74
	Venus USDTvUSDT	$0.02
	USDKUSDK	$0.87
	ZUSDZUSD	$1.00
	Verified USDUSDV	$1.00
	Fei USDFEI	$0.97
	Prisma mkUSDMKUSD	$0.99
	BIDRBIDR	$0.00
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	HUSDHUSD	$0.04
	Origin DollarOUSD	$1.00
	VNX Swiss FrancVCHF	$1.11
	Celo EuroCEUR	$1.09
	Venus DAIvDAI	$0.02
	VaiVAI	$1.00
	DjedDJED	$1.00
	EOSDTEOSDT	$0.98
	VNX EuroVEUR	$1.08
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Savings DaiSDAI	$1.08
	Ethena Staked USDesUSDe	$1.06
	EdelcoinEDLC	$1.06
	GHOGHO	$1.00
	USDP StablecoinUSDP	$1.00
	DOLADOLA	$1.00
	ZedxionUSDZ	$1.00
	Worldwide USDWUSD	$1.00
	Brazilian Digital TokenBRZ	$0.19
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Fathom DollarFXD	$1.00
	Amnis Aptos CoinAMAPT	$8.46
	xDAIxDAI	$0.98
	USDHUSDH	$0.96
	lisUSDlisUSD	$1.00
	TON Bridged USDTJUSDT	$1.00
	Angle ProtocolEURA	$1.08
	Magic Internet MoneyMIM	$1.00
	DRAMDRAM	$1.00
	MAIMIMATIC	$0.86
	XIDRXIDR	$0.00
	Sperax USDUSDs	$1.00
	Meter StableMTR	$0.71
	JPY CoinJPYC	$0.01
	One CashONC	$0.09
	Overnight DAI+DAI+	$1.00
	Decentralized USD (DefiChain)DUSD	$0.45
	Inter Stable TokenIST	$1.00
	Moola Celo USDmCUSD	$1.00
	ParallelPAR	$1.00
	Moola Celo EURmCEUR	$1.09
	CryptoFrancXCHF	$1.12
	dForce USDUSX	$0.98
	Tether MXNtMXNt	$0.06
	Fantom USDFUSD	$0.51
	ZARP StablecoinZARP	$0.05
	BiLiraTRYB	$0.03
	TON Bridged USDCJUSDC	$0.81
	TORTOR	$0.02
	SORA Synthetic USDXSTUSD	$0.50
	Mad USDMUSD	$0.36
	USD BancorUSDB	$0.25
	USNUSN	$0.98
	JPY Coin v1JPYC	$0.01
	xDollar StablecoinXUSD	$1.05
	wanUSDTWANUSDT	$1.01
	DigixDAODGD	$67.62
	Digix Gold TokenDGX	$45.49
	Karatgold CoinKBC	$0.00

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?