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
3	Tether USDT	$0.9980	0.01%	0.00%	0.07%	$185.35B$185,351,542,021	$189,887,280,880 190.26B	185.71B USDT
6	USDC USDC	$0.9997	0.01%	0.01%	0.01%	$70.67B$70,669,281,467	$29,880,983,136 29.88B	70.68B USDC
13	Ethena USDe USDe	$0.9977	0.00%	0.03%	0.07%	$6.49B$6,493,958,806	$358,533,197 359.35M	6.5B USDe
18	Dai DAI	$0.9995	0.03%	0.00%	0.01%	$5.36B$5,362,904,910	$231,737,264 231.84M	5.36B DAI
19	World Liberty Financial USD USD1	$0.9995	0.01%	0.03%	0.03%	$5.18B$5,175,400,203	$3,706,990,484 3.70B	5.17B USD1
25	PayPal USD PYUSD	$0.9996	0.00%	0.01%	0.01%	$3.56B$3,564,015,900	$481,521,090 481.71M	3.56B PYUSD
41	Global Dollar USDG	$0.9997	0.04%	0.03%	0.01%	$1.55B$1,552,974,820	$63,879,076 63.89M	1.55B USDG
44	Ripple USD RLUSD	$1.00	0.13%	0.01%	0.03%	$1.49B$1,494,476,751	$529,429,616 529.42M	1.49B RLUSD
56	USDD USDD	$0.9979	0.03%	0.06%	0.04%	$971.95M$971,950,366	$10,250,016 10.27M	973.9M USDD
63	United Stables U	$0.9995	0.04%	0.00%	0.11%	$759.53M$759,533,883	$60,627,582 60.65M	759.9M U
	TrueUSDTUSD	$1.00
	EURCEURC	$1.18
	First Digital USDFDUSD	$1.00
	Falcon USDUSDf	$0.99
	Ondo US Dollar YieldUSDY	$1.12
	Usual USDUSD0	$1.00
	GHOGHO	$1.00
	USDaiUSDAI	$1.00
	Legacy Frax DollarFRAX	$0.99
	AUSDAUSD	$1.00
	GUSDGUSD	$1.00
	StandX DUSDDUSD	$1.00
	Frax USDFRXUSD	$1.00
	MNEEMNEE	$1.00
	EUR CoinVertibleEURCV	$1.18
	lisUSDlisUSD	$1.00
	USDHUSDH	$1.00
	Venus BUSDvBUSD	$0.02
	Anchored Coins AEURAEUR	$1.18
	EuriteEURI	$1.18
	Gemini DollarGUSD	$1.00
	Pax DollarUSDP	$1.00
	Tether EURtEURt	$1.25
	StraitsX USDXUSD	$1.00
	Aegis YUSDYUSD	$1.00
	BUSDBUSD	$1.00
	Celo DollarCUSD	$1.00
	Liquity USDLUSD	$1.00
	AmpleforthAMPL	$1.09
	USD CoinVertibleUSDCV	$1.00
	USDKUSDK	$0.99
	USDBUSDB	$1.00
	MetaMask USDmUSD	$1.00
	sUSDSUSD	$0.62
	USATUSAT	$1.00
	USDMUSDM	$1.00
	StablR EuroEURR	$1.17
	XSGDXSGD	$0.78
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	Origin DollarOUSD	$1.00
	Quantoz USDQUSDQ	$1.00
	StablR USDUSDR	$1.00
	Venus DAIvDAI	$0.03
	KGSTKGST	$0.01
	Lift DollarUSDL	$1.00
	VNX Swiss FrancVCHF	$1.28
	Verified USDUSDV	$0.27
	USDJUSDJ	$0.45
	Worldwide USDWUSD	$1.00
	Steem DollarsSBD	$0.40
	Quantoz EURQEURQ	$1.18
	Celo EuroCEUR	$1.18
	Fei USDFEI	$1.00
	DjedDJED	$1.03
	VNX EuroVEUR	$1.18
	VaiVAI	$1.00
	SMARDEX USDNUSDN	$1.00
	AllUnity EUREURAU	$1.18
	IDRXIDRX	$0.00
	Sperax USDUSDs	$1.00
	Reflexer Ungovernance TokenFLX	$2.11
	TheStandard USDUSDS	$1.00
	Prisma mkUSDMKUSD	$1.00
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	Fidelity Digital DollarFIDD	$1.00
	USDT0USDT0	$1.00
	DOLADOLA	$0.99
	xUSDxUSD	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	USDP StablecoinUSDP	$1.00
	CAD CoinCADC	$0.73
	Resolv USRUSR	$1.00
	AnzensUSDA	$1.01
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Hyper USDUSDHL	$1.00
	Magic Internet MoneyMIM	$1.00
	QuoriumQGOLD	$4843.47
	xDAIxDAI	$0.97
	Brazilian Digital TokenBRZ	$0.19
	AxCNHAxCNH	$0.14
	STASIS EUROEURS	$1.22
	EURØPEUROP	$1.18
	MAIMIMATIC	$1.01
	KRWQKRWQ	$0.00
	ZARP StablecoinZARP	$0.06
	Tokenised GBPTGBP	$1.36
	USDHUSDH	$1.00
	Fathom DollarFXD	$0.90

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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