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	$0.9996	0.02%	0.03%	0.04%	$110.8B$110,802,447,914	$57,740,464,995 57,763,641,826 USDT	110,846,923,650 USDT
6	USDC USDC	$1.00	0.01%	0.01%	0.02%	$33.03B$33,033,626,256	$5,785,970,312 5,785,149,424 USDC	33,028,939,591 USDC
22	Dai DAI	$0.9999	0.01%	0.01%	0.01%	$5.35B$5,347,503,025	$800,628,610 800,686,338 DAI	5,347,888,596 DAI
26	First Digital USD FDUSD	$1.00	0.01%	0.03%	0.03%	$3.81B$3,805,152,572	$6,371,761,626 6,371,473,877 FDUSD	3,804,980,732 FDUSD
99	USDD USDD	$0.9963	0.02%	0.13%	0.05%	$732.76M$732,760,326	$6,179,780 6,202,433 USDD	735,446,335 USDD
124	TrueUSD TUSD	$0.9988	0.02%	0.06%	0.08%	$509.09M$509,087,636	$42,939,236 42,991,009 TUSD	509,701,467 TUSD
159	PayPal USD PYUSD	$0.9986	0.05%	0.02%	0.06%	$377.55M$377,548,667	$11,981,225 11,998,188 PYUSD	378,083,200 PYUSD
209	Ethena USDe USDe	$1.00	0.05%	0.01%	0.16%	$2.31B$2,312,363,195	$54,525,107 54,473,590 USDE	2,310,178,418 USDe
216	Frax FRAX	$0.9982	0.06%	0.03%	0.00%	$648.28M$648,283,069	$10,304,678 10,322,977 FRAX	649,434,271 FRAX
223	USDB USDB	$0.9991	0.00%	0.10%	0.05%	$351.51M$351,506,615	$42,253,791 42,292,214 USDB	351,826,255 USDB
	Ondo US Dollar YieldUSDY	$1.04
	USDJUSDJ	$1.10
	Pax DollarUSDP	$1.00
	TerraClassicUSDUSTC	$0.02
	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
	sUSDSUSD	$0.98
	Steem DollarsSBD	$3.44
	ReserveRSV	$1.57
	EURCEURC	$1.07
	Tether EURtEURt	$1.07
	Celo DollarCUSD	$1.00
	XSGDXSGD	$0.74
	Venus USDTvUSDT	$0.02
	USDKUSDK	$0.87
	ZUSDZUSD	$1.02
	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	$1.08
	Venus DAIvDAI	$0.02
	VaiVAI	$1.00
	DjedDJED	$1.00
	EOSDTEOSDT	$0.91
	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
	GHOGHO	$1.00
	EdelcoinEDLC	$1.06
	USDP StablecoinUSDP	$1.00
	DOLADOLA	$1.00
	lisUSDlisUSD	$0.99
	ZedxionUSDZ	$1.00
	Worldwide USDWUSD	$1.00
	Fathom DollarFXD	$1.00
	xDAIxDAI	$1.00
	Brazilian Digital TokenBRZ	$0.19
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	TON Bridged USDTJUSDT	$0.99
	Amnis Aptos CoinAMAPT	$7.74
	USDHUSDH	$0.95
	Magic Internet MoneyMIM	$0.99
	MAIMIMATIC	$0.79
	Angle ProtocolEURA	$1.07
	DRAMDRAM	$1.00
	Sperax USDUSDs	$1.00
	XIDRXIDR	$0.00
	Inter Stable TokenIST	$1.00
	Moola Celo USDmCUSD	$1.00
	JPY CoinJPYC	$0.01
	Meter StableMTR	$0.73
	Overnight DAI+DAI+	$1.00
	dForce USDUSX	$0.98
	Decentralized USD (DefiChain)DUSD	$0.42
	CryptoFrancXCHF	$1.09
	Moola Celo EURmCEUR	$1.08
	One CashONC	$0.11
	ZARP StablecoinZARP	$0.05
	BiLiraTRYB	$0.03
	Tether MXNtMXNt	$0.06
	TON Bridged USDCJUSDC	$0.97
	Mad USDMUSD	$0.36
	wanUSDTWANUSDT	$1.00
	SORA Synthetic USDXSTUSD	$0.40
	Fantom USDFUSD	$0.41
	ParallelPAR	$0.71
	xDollar StablecoinXUSD	$1.05
	USNUSN	$0.98
	USD BancorUSDB	$0.24
	JPY Coin v1JPYC	$0.01
	Moremoney USDMONEY	$0.98
	TORTOR	$0.02
	Karatgold CoinKBC	$0.00
	DigixDAODGD	$64.09

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?