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	0.00%	0.04%	0.09%	$110.98B$110,975,582,016	$76,951,960,939 76,935,798,397 USDT	110,952,273,350 USDT
6	USDC USDC	$1.00	0.01%	0.01%	0.03%	$33.26B$33,263,822,582	$8,835,191,057 8,834,496,697 USDC	33,261,208,369 USDC
22	Dai DAI	$1.00	0.00%	0.01%	0.03%	$5.35B$5,348,384,026	$656,345,750 656,284,951 DAI	5,347,888,596 DAI
29	First Digital USD FDUSD	$0.9997	0.00%	0.01%	0.05%	$3.7B$3,701,946,906	$7,724,176,135 7,726,333,204 FDUSD	3,702,980,720 FDUSD
101	USDD USDD	$0.9961	0.05%	0.20%	0.02%	$730.04M$730,039,854	$7,466,527 7,495,690 USDD	732,891,278 USDD
132	TrueUSD TUSD	$1.00	0.01%	0.09%	0.08%	$509.17M$509,165,450	$61,220,793 61,206,315 TUSD	509,045,038 TUSD
172	PayPal USD PYUSD	$0.9979	0.05%	0.09%	0.03%	$377.29M$377,293,282	$10,683,232 10,705,599 PYUSD	378,083,200 PYUSD
209	Ethena USDe USDe	$1.00	0.03%	0.05%	0.10%	$2.32B$2,321,406,411	$66,018,559 65,912,769 USDE	2,317,686,500 USDe
216	Frax FRAX	$0.9984	0.01%	0.04%	0.13%	$648.38M$648,380,914	$17,018,155 17,045,803 FRAX	649,434,271 FRAX
226	USDB USDB	$1.00	0.13%	0.51%	0.17%	$353.12M$353,117,086	$57,017,894 56,969,735 USDB	352,818,834 USDB
	Ondo US Dollar YieldUSDY	$1.03
	USDJUSDJ	$1.08
	TerraClassicUSDUSTC	$0.02
	Pax DollarUSDP	$1.00
	crvUSDCRVUSD	$1.00
	STASIS EUROEURS	$1.09
	Venus USDCvUSDC	$0.02
	Liquity USDLUSD	$1.00
	USDX [Kava]USDX	$0.83
	Gemini DollarGUSD	$1.00
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.09
	Venus BUSDvBUSD	$0.02
	sUSDSUSD	$0.96
	Steem DollarsSBD	$3.73
	ReserveRSV	$1.61
	EURCEURC	$1.08
	Tether EURtEURt	$1.08
	Celo DollarCUSD	$1.00
	XSGDXSGD	$0.75
	Venus USDTvUSDT	$0.02
	USDKUSDK	$0.86
	ZUSDZUSD	$1.00
	Verified USDUSDV	$1.00
	Fei USDFEI	$0.98
	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	$1.09
	Venus DAIvDAI	$0.02
	VaiVAI	$1.00
	DjedDJED	$1.00
	EOSDTEOSDT	$0.96
	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
	DOLADOLA	$1.00
	EdelcoinEDLC	$1.06
	USDP StablecoinUSDP	$1.00
	GHOGHO	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	ZedxionUSDZ	$1.00
	Fathom DollarFXD	$0.99
	Brazilian Digital TokenBRZ	$0.19
	lisUSDlisUSD	$1.00
	Worldwide USDWUSD	$1.00
	Angle ProtocolEURA	$1.08
	xDAIxDAI	$1.01
	TON Bridged USDTJUSDT	$0.99
	Amnis Aptos CoinAMAPT	$8.39
	USDHUSDH	$0.95
	Magic Internet MoneyMIM	$1.00
	DRAMDRAM	$1.00
	JPY CoinJPYC	$0.01
	XIDRXIDR	$0.00
	Overnight DAI+DAI+	$1.00
	Decentralized USD (DefiChain)DUSD	$0.44
	Sperax USDUSDs	$1.00
	Moola Celo USDmCUSD	$1.00
	MAIMIMATIC	$0.82
	Inter Stable TokenIST	$1.00
	dForce USDUSX	$0.98
	Meter StableMTR	$0.69
	One CashONC	$0.10
	Moola Celo EURmCEUR	$1.09
	CryptoFrancXCHF	$1.09
	ZARP StablecoinZARP	$0.05
	TON Bridged USDCJUSDC	$0.93
	BiLiraTRYB	$0.03
	ParallelPAR	$0.98
	Fantom USDFUSD	$0.50
	Tether MXNtMXNt	$0.06
	Mad USDMUSD	$0.37
	wanUSDTWANUSDT	$1.01
	TORTOR	$0.02
	Moremoney USDMONEY	$1.02
	JPY Coin v1JPYC	$0.01
	USD BancorUSDB	$0.25
	xDollar StablecoinXUSD	$1.05
	USNUSN	$0.98
	YUSD StablecoinYUSD	$1.00
	DigixDAODGD	$66.02
	Digix Gold TokenDGX	$45.31

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?