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%	0.03%	$114.12B$114,117,267,154	$52,394,261,819 52,379,311,585 USDT	114,084,704,813 USDT
7	USDC USDC	$0.9999	0.02%	0.00%	0.00%	$33.99B$33,994,987,592	$5,747,990,204 5,748,368,759 USDC	33,997,226,454 USDC
20	Dai DAI	$0.9999	0.01%	0.00%	0.01%	$5.35B$5,347,371,662	$116,515,827 116,527,090 DAI	5,347,888,596 DAI
50	First Digital USD FDUSD	$0.9998	0.04%	0.00%	0.10%	$1.99B$1,988,602,236	$3,748,519,393 3,749,187,368 FDUSD	1,988,956,599 FDUSD
93	USDD USDD	$1.00	0.03%	0.10%	0.20%	$739.09M$739,086,973	$5,238,677 5,238,278 USDD	739,030,770 USDD
127	TrueUSD TUSD	$1.00	0.02%	0.02%	0.10%	$495.59M$495,593,506	$47,116,104 47,078,839 TUSD	495,201,533 TUSD
151	PayPal USD PYUSD	$0.9993	0.01%	0.14%	0.01%	$364.75M$364,751,870	$6,333,410 6,338,024 PYUSD	365,017,599 PYUSD
201	Ethena USDe USDe	$0.9999	0.00%	0.01%	0.05%	$3.4B$3,400,709,350	$47,623,082 47,624,205 USDE	3,400,789,539 USDe
207	Frax FRAX	$0.997	0.00%	0.01%	0.01%	$647.48M$647,475,889	$21,230,007 21,294,221 FRAX	649,434,271 FRAX
213	USDB USDB	$0.9977	0.37%	0.20%	0.73%	$348.88M$348,884,923	$26,427,245 26,487,586 USDB	349,681,528 USDB
	Ondo US Dollar YieldUSDY	$1.04
	USDJUSDJ	$1.09
	crvUSDCRVUSD	$0.99
	STASIS EUROEURS	$1.09
	Pax DollarUSDP	$1.00
	TerraClassicUSDUSTC	$0.02
	Gemini DollarGUSD	$1.00
	USDX [Kava]USDX	$0.80
	Liquity USDLUSD	$1.00
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.09
	Venus BUSDvBUSD	$0.02
	Tether EURtEURt	$1.06
	EURCEURC	$1.09
	Steem DollarsSBD	$2.68
	Celo DollarCUSD	$0.99
	ReserveRSV	$1.00
	XSGDXSGD	$0.74
	sUSDSUSD	$1.00
	USDKUSDK	$0.82
	ZUSDZUSD	$1.00
	Verified USDUSDV	$1.00
	BIDRBIDR	$0.00
	Fei USDFEI	$0.96
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	Prisma mkUSDMKUSD	$0.99
	HUSDHUSD	$0.04
	VNX Swiss FrancVCHF	$1.12
	Origin DollarOUSD	$1.00
	Venus DAIvDAI	$0.02
	Celo EuroCEUR	$1.09
	VaiVAI	$1.00
	DjedDJED	$0.99
	VNX EuroVEUR	$1.09
	EOSDTEOSDT	$0.47
	Sperax USDUSDs	$1.00
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Savings DaiSDAI	$1.10
	GHOGHO	$0.99
	EdelcoinEDLC	$1.12
	USDP StablecoinUSDP	$1.00
	Gyroscope GYDGYD	$1.00
	xDollar StablecoinXUSD	$1.00
	Worldwide USDWUSD	$1.00
	ZedxionUSDZ	$1.00
	DOLADOLA	$1.00
	One CashONC	$0.09
	lisUSDlisUSD	$1.00
	Fathom DollarFXD	$1.00
	xDAIxDAI	$1.01
	Brazilian Digital TokenBRZ	$0.18
	USDHUSDH	$0.96
	Magic Internet MoneyMIM	$1.00
	JPY CoinJPYC	$0.01
	XIDRXIDR	$0.00
	BounceBit USDBBUSD	$0.99
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	MAIMIMATIC	$0.74
	Decentralized USD (DefiChain)DUSD	$0.04
	Overnight DAI+DAI+	$1.00
	Angle ProtocolEURA	$1.09
	Moola Celo USDmCUSD	$1.00
	Meter StableMTR	$0.58
	CryptoFrancXCHF	$1.05
	Inter Stable TokenIST	$1.00
	Amnis Aptos CoinAMAPT	$7.06
	ZARP StablecoinZARP	$0.05
	Tether MXNtMXNt	$0.06
	Moola Celo EURmCEUR	$1.09
	JPY Coin v1JPYC	$0.01
	Fantom USDFUSD	$0.52
	dForce USDUSX	$1.00
	BiLiraTRYB	$0.03
	wanUSDTWANUSDT	$1.01
	Mad USDMUSD	$0.05
	WEMIX DollarWEMIX$	$1.00
	USNUSN	$0.98
	TORTOR	$0.01
	USD BancorUSDB	$0.53
	ParallelPAR	$0.45
	Digix Gold TokenDGX	$48.28
	Karatgold CoinKBC	$0.00
	BRCP TOKENBRCP	$0.22
	SORA Synthetic USDXSTUSD	$0.36
	Moremoney USDMONEY	$0.98
	YUSD StablecoinYUSD	$0.99
	Coin98 DollarCUSD	$0.18

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?