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
4	Tether USDT	$1.00	0.00%	0.02%	0.05%	$162.55B$162,551,226,412	$157,112,785,441 157.07B	162.51B USDT
7	USDC USDC	$0.9999	0.01%	0.01%	0.01%	$64.88B$64,882,671,561	$17,650,475,710 17.65B	64.88B USDC
22	Ethena USDe USDe	$1.00	0.00%	0.06%	0.01%	$7.01B$7,006,447,503	$130,745,954 130.63M	7B USDe
26	Dai DAI	$1.00	0.01%	0.00%	0.01%	$5.37B$5,365,887,490	$22,308,907,706 22.30B	5.36B DAI
47	World Liberty Financial USD USD1	$1.00	0.02%	0.04%	0.05%	$2.21B$2,206,019,233	$672,902,101 672.23M	2.2B USD1
63	First Digital USD FDUSD	$0.9982	0.01%	0.00%	0.01%	$1.45B$1,449,968,188	$11,542,699,027 11.56B	1.45B FDUSD
90	PayPal USD PYUSD	$0.9996	0.00%	0.02%	0.03%	$844.39M$844,390,906	$14,452,916 14.45M	844.69M PYUSD
116	Ripple USD RLUSD	$0.9997	0.01%	0.02%	0.02%	$557.63M$557,625,363	$86,792,936 86.81M	557.74M RLUSD
119	USDD USDD	$1.00	0.00%	0.02%	0.11%	$536.66M$536,656,861	$5,862,572 5.86M	536.58M USDD
123	TrueUSD TUSD	$0.9977	0.01%	0.04%	0.00%	$493.4M$493,398,724	$46,830,948 46.93M	494.51M TUSD
	EURCEURC	$1.17
	Ondo US Dollar YieldUSDY	$1.10
	Falcon USDUSDf	$1.00
	Usual USDUSD0	$1.00
	Global DollarUSDG	$1.00
	Legacy Frax DollarFRAX	$1.00
	Elixir deUSDDEUSD	$1.00
	Ethena Labs (USDtb)USDtb	$1.00
	STASIS EUROEURS	$1.17
	AUSDAUSD	$1.00
	Lift DollarUSDL	$1.00
	Frax USDFRXUSD	$1.00
	USDBUSDB	$1.00
	lisUSDlisUSD	$1.00
	Pax DollarUSDP	$1.00
	Venus BUSDvBUSD	$0.02
	EuriteEURI	$1.17
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.14
	Gemini DollarGUSD	$1.00
	EUR CoinVertibleEURCV	$1.18
	StraitsX USDXUSD	$1.00
	Tether EURtEURt	$1.14
	Liquity USDLUSD	$1.00
	MNEEMNEE	$1.00
	sUSDSUSD	$0.93
	Celo DollarCUSD	$1.00
	AmpleforthAMPL	$1.21
	StandX DUSDDUSD	$1.00
	Aegis YUSDYUSD	$1.00
	ZUSDZUSD	$1.00
	GYENGYEN	$0.01
	StablR EuroEURR	$1.18
	BIDRBIDR	$0.00
	Rupiah TokenIDRT	$0.00
	XSGDXSGD	$0.78
	USDJUSDJ	$1.09
	Steem DollarsSBD	$0.97
	Origin DollarOUSD	$1.00
	Quantoz USDQUSDQ	$1.00
	Venus DAIvDAI	$0.03
	StablR USDUSDR	$1.00
	VNX Swiss FrancVCHF	$1.26
	Quantoz EURQEURQ	$1.17
	Celo EuroCEUR	$1.18
	Worldwide USDWUSD	$1.00
	Fei USDFEI	$1.00
	SMARDEX USDNUSDN	$1.00
	DjedDJED	$1.01
	VNX EuroVEUR	$1.17
	Verified USDUSDV	$0.17
	VaiVAI	$1.00
	IDRXIDRX	$0.00
	Sperax USDUSDs	$1.00
	Reflexer Ungovernance TokenFLX	$3.13
	StandardSTND	$0.01
	Prisma mkUSDMKUSD	$1.00
	TheStandard USDUSDS	$0.99
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	xUSDxUSD	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	GHOGHO	$1.00
	CAD CoinCADC	$0.73
	USDP StablecoinUSDP	$1.00
	VNX British PoundVGBP	$1.35
	Savings DaiSDAI	$1.16
	DOLADOLA	$1.00
	xDAIxDAI	$0.99
	QuoriumQGOLD	$3353.52
	Magic Internet MoneyMIM	$1.00
	ZedxionUSDZ	$1.00
	One CashONC	$0.06
	Amnis Aptos CoinAMAPT	$4.61
	Meter StableMTR	$0.53
	ZARP StablecoinZARP	$0.06
	Stables Labs (USDX)USDX	$1.00
	BounceBit USDBBUSD	$1.00
	Gyroscope GYDGYD	$1.00
	Brazilian Digital TokenBRZ	$0.18
	Fathom DollarFXD	$0.61
	Solayer USDSUSD	$1.10
	Moola Celo USDmCUSD	$1.00
	EdelcoinEDLC	$3.08
	MAIMIMATIC	$0.57
	Balance CoinBLC	$0.99
	USDHUSDH	$1.00
	BiLiraTRYB	$0.02
	dForce USDUSX	$0.99

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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