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	0.02%	0.01%	0.09%	$110.98B$110,979,862,583	$45,048,278,884 45,044,681,745 USDT	110,971,000,757 USDT
6	USDC USDC	$1.00	0.02%	0.01%	0.00%	$33.2B$33,201,275,833	$5,452,011,347 5,451,048,967 USDC	33,195,415,202 USDC
22	Dai DAI	$0.9999	0.01%	0.01%	0.02%	$5.35B$5,347,377,592	$593,426,528 593,483,237 DAI	5,347,888,596 DAI
27	First Digital USD FDUSD	$0.9998	0.00%	0.01%	0.17%	$3.84B$3,835,356,929	$7,281,145,083 7,282,343,027 FDUSD	3,835,987,948 FDUSD
105	USDD USDD	$0.9973	0.18%	0.17%	0.51%	$732.41M$732,410,109	$5,718,705 5,734,190 USDD	734,393,271 USDD
131	TrueUSD TUSD	$0.9995	0.05%	0.01%	0.19%	$509.45M$509,448,599	$41,083,813 41,104,205 TUSD	509,701,467 TUSD
175	PayPal USD PYUSD	$0.9988	0.03%	0.03%	0.05%	$352.68M$352,676,343	$17,299,397 17,319,354 PYUSD	353,083,202 PYUSD
209	Ethena USDe USDe	$0.9996	0.01%	0.05%	0.18%	$2.29B$2,292,605,805	$56,396,746 56,420,191 USDE	2,293,558,875 USDe
216	Frax FRAX	$0.9982	0.01%	0.02%	0.03%	$648.25M$648,249,584	$18,796,402 18,830,753 FRAX	649,434,271 FRAX
224	USDB USDB	$0.9955	0.17%	0.44%	0.28%	$343.04M$343,035,716	$45,405,473 45,608,765 USDB	344,571,574 USDB
	TerraClassicUSDUSTC	$0.02
	Ondo US Dollar YieldUSDY	$1.04
	USDJUSDJ	$1.10
	Pax DollarUSDP	$1.00
	crvUSDCRVUSD	$1.00
	STASIS EUROEURS	$1.07
	Venus USDCvUSDC	$0.02
	Liquity USDLUSD	$1.00
	USDX [Kava]USDX	$0.82
	Gemini DollarGUSD	$1.00
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.07
	Venus BUSDvBUSD	$0.02
	sUSDSUSD	$0.99
	Steem DollarsSBD	$3.67
	ReserveRSV	$1.60
	EURCEURC	$1.07
	Tether EURtEURt	$1.06
	XSGDXSGD	$0.74
	Celo DollarCUSD	$1.00
	Venus USDTvUSDT	$0.02
	USDKUSDK	$0.87
	ZUSDZUSD	$1.00
	Verified USDUSDV	$1.00
	Prisma mkUSDMKUSD	$0.99
	Fei USDFEI	$0.96
	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	$0.99
	EOSDTEOSDT	$0.95
	VNX EuroVEUR	$1.08
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Savings DaiSDAI	$1.08
	EdelcoinEDLC	$1.06
	Ethena Staked USDesUSDe	$1.06
	USDP StablecoinUSDP	$1.00
	DOLADOLA	$1.00
	Amnis FinanceAMAPT	$8.55
	GHOGHO	$1.00
	ZedxionUSDZ	$1.00
	Worldwide USDWUSD	$1.00
	Angle ProtocolEURA	$1.07
	Fathom DollarFXD	$1.00
	lisUSDlisUSD	$0.98
	Brazilian Digital TokenBRZ	$0.20
	xDAIxDAI	$1.00
	USDHUSDH	$0.95
	TON Bridged USDTJUSDT	$0.99
	DRAMDRAM	$1.00
	Magic Internet MoneyMIM	$0.99
	MAIMIMATIC	$0.58
	XIDRXIDR	$0.00
	Overnight DAI+DAI+	$1.00
	JPY CoinJPYC	$0.01
	Decentralized USD (DefiChain)DUSD	$0.43
	One CashONC	$0.09
	Inter Stable TokenIST	$1.00
	Moola Celo USDmCUSD	$1.00
	Meter StableMTR	$0.72
	dForce USDUSX	$0.98
	Sperax USDUSDs	$1.00
	Moola Celo EURmCEUR	$1.08
	USNUSN	$0.79
	ZARP StablecoinZARP	$0.05
	ParallelPAR	$0.97
	Tether MXNtMXNt	$0.06
	BiLiraTRYB	$0.03
	TON Bridged USDCJUSDC	$0.93
	Mad USDMUSD	$0.37
	Fantom USDFUSD	$0.42
	CryptoFrancXCHF	$1.09
	wanUSDTWANUSDT	$1.00
	YUSD StablecoinYUSD	$1.00
	TORTOR	$0.01
	xDollar StablecoinXUSD	$1.05
	Moremoney USDMONEY	$0.98
	JPY Coin v1JPYC	$0.01
	USD BancorUSDB	$0.24
	WEMIX DollarWEMIX$	$1.00
	DigixDAODGD	$34.74
	Digix Gold TokenDGX	$45.48

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?