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	$0.9994	0.00%	0.03%	0.14%	$110.49B$110,492,065,524	$40,533,250,880 40,558,873,688 USDT	110,561,912,302 USDT
6	USDC USDC	$0.9999	0.00%	0.00%	0.01%	$33.49B$33,485,653,955	$4,894,587,739 4,894,665,735 USDC	33,486,187,557 USDC
22	Dai DAI	$0.9997	0.00%	0.02%	0.04%	$5.35B$5,346,400,717	$531,588,703 531,736,641 DAI	5,347,888,596 DAI
24	First Digital USD FDUSD	$1.00	0.05%	0.03%	0.02%	$4.42B$4,418,763,891	$4,457,038,115 4,456,541,978 FDUSD	4,418,272,015 FDUSD
105	USDD USDD	$0.9784	0.02%	0.59%	0.15%	$709.68M$709,675,812	$5,746,004 5,872,767 USDD	725,332,034 USDD
132	TrueUSD TUSD	$0.9997	0.05%	0.03%	0.14%	$509.53M$509,531,510	$44,821,951 44,836,901 TUSD	509,701,467 TUSD
209	Ethena USDe USDe	$0.9986	0.00%	0.02%	0.15%	$2.35B$2,348,883,083	$33,214,641 33,262,379 USDE	2,352,259,035 USDe
217	Frax FRAX	$0.9987	0.01%	0.01%	0.01%	$648.62M$648,618,082	$25,351,113 25,383,013 FRAX	649,434,271 FRAX
228	USDB USDB	$1.00	0.22%	0.01%	0.02%	$328.93M$328,926,058	$31,368,321 31,300,099 USDB	328,210,687 USDB
229	PayPal USD PYUSD	$0.9975	0.10%	0.07%	0.22%	$302.12M$302,122,528	$9,592,074 9,616,264 PYUSD	302,884,441 PYUSD
	USDJUSDJ	$1.12
	TerraClassicUSDUSTC	$0.02
	crvUSDCRVUSD	$1.00
	Pax DollarUSDP	$1.00
	STASIS EUROEURS	$1.07
	Liquity USDLUSD	$1.00
	Gemini DollarGUSD	$1.00
	USDX [Kava]USDX	$0.82
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.07
	Steem DollarsSBD	$3.90
	sUSDSUSD	$0.99
	ReserveRSV	$1.67
	EURCEURC	$1.06
	Tether EURtEURt	$1.06
	XSGDXSGD	$0.73
	Celo DollarCUSD	$1.00
	USDKUSDK	$0.88
	ZUSDZUSD	$1.00
	Prisma mkUSDMKUSD	$0.98
	Verified USDUSDV	$1.00
	Fei USDFEI	$0.98
	BIDRBIDR	$0.00
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	HUSDHUSD	$0.05
	Origin DollarOUSD	$1.00
	Celo EuroCEUR	$1.07
	VaiVAI	$1.00
	DjedDJED	$1.00
	VNX EuroVEUR	$1.07
	EOSDTEOSDT	$0.83
	VNX Swiss FrancVCHF	$1.09
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Savings DaiSDAI	$1.08
	DOLADOLA	$1.00
	EdelcoinEDLC	$1.06
	Ethena Staked USDesUSDe	$1.05
	GHOGHO	$1.00
	USDP StablecoinUSDP	$1.00
	Fathom DollarFXD	$1.00
	ZedxionUSDZ	$1.00
	Worldwide USDWUSD	$1.00
	Angle ProtocolEURA	$1.06
	TON Bridged USDTJUSDT	$0.99
	MAIMIMATIC	$0.97
	Amnis FinanceAMAPT	$8.77
	Brazilian Digital TokenBRZ	$0.19
	xDAIxDAI	$1.02
	USDHUSDH	$0.96
	lisUSDlisUSD	$0.99
	DRAMDRAM	$1.00
	Magic Internet MoneyMIM	$0.99
	JPY CoinJPYC	$0.01
	Inter Stable TokenIST	$1.00
	Sperax USDUSDs	$1.00
	One CashONC	$0.09
	Moola Celo USDmCUSD	$1.00
	Meter StableMTR	$0.71
	dForce USDUSX	$0.98
	Overnight DAI+DAI+	$1.00
	Decentralized USD (DefiChain)DUSD	$0.47
	CryptoFrancXCHF	$1.11
	Moola Celo EURmCEUR	$1.07
	ZARP StablecoinZARP	$0.05
	BiLiraTRYB	$0.03
	Mad USDMUSD	$0.38
	Fantom USDFUSD	$0.44
	Tether MXNtMXNt	$0.06
	ParallelPAR	$0.92
	XIDRXIDR	$0.00
	TON Bridged USDCJUSDC	$0.01
	USNUSN	$0.87
	TORTOR	$0.02
	xDollar StablecoinXUSD	$1.05
	JPY Coin v1JPYC	$0.01
	Moremoney USDMONEY	$0.97
	USD BancorUSDB	$0.33
	WEMIX DollarWEMIX$	$1.00
	wanUSDTWANUSDT	$1.00
	DigixDAODGD	$66.52
	Digix Gold TokenDGX	$44.64
	Karatgold CoinKBC	$0.00
	CAD CoinCADC	$0.39
	BRCP TOKENBRCP	$0.22
	SORA Synthetic USDXSTUSD	$0.44
	YUSD StablecoinYUSD	$1.00
	SpiceUSDUSDS	$0.11

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?