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	0.01%	0.01%	0.02%	$110.97B$110,972,995,935	$54,985,469,799 54,984,481,218 USDT	110,971,000,757 USDT
6	USDC USDC	$1.00	0.01%	0.01%	0.00%	$33.2B$33,204,701,040	$6,375,668,464 6,375,647,469 USDC	33,204,591,697 USDC
22	Dai DAI	$1.00	0.00%	0.00%	0.01%	$5.35B$5,348,092,078	$658,063,679 658,038,641 DAI	5,347,888,596 DAI
27	First Digital USD FDUSD	$0.9994	0.02%	0.09%	0.02%	$3.86B$3,857,087,506	$7,770,470,983 7,775,335,305 FDUSD	3,859,502,046 FDUSD
104	USDD USDD	$0.997	0.06%	0.02%	2.47%	$732.22M$732,224,308	$6,524,308 6,543,618 USDD	734,391,457 USDD
132	TrueUSD TUSD	$0.9998	0.02%	0.02%	0.04%	$509.58M$509,583,267	$46,658,095 46,668,917 TUSD	509,701,467 TUSD
178	PayPal USD PYUSD	$0.9994	0.06%	0.02%	0.08%	$352.87M$352,873,056	$9,983,661 9,989,604 PYUSD	353,083,101 PYUSD
209	Ethena USDe USDe	$0.9993	0.00%	0.01%	0.09%	$2.29B$2,289,926,329	$66,863,054 66,910,780 USDE	2,291,560,881 USDe
216	Frax FRAX	$0.9986	0.02%	0.02%	0.06%	$648.5M$648,497,740	$12,986,682 13,005,437 FRAX	649,434,271 FRAX
224	USDB USDB	$0.9998	0.01%	0.38%	0.31%	$343.31M$343,312,671	$55,146,379 55,156,126 USDB	343,373,351 USDB
	TerraClassicUSDUSTC	$0.02
	Ondo US Dollar YieldUSDY	$1.03
	USDJUSDJ	$1.11
	Pax DollarUSDP	$1.00
	crvUSDCRVUSD	$1.00
	STASIS EUROEURS	$1.08
	Venus USDCvUSDC	$0.02
	Liquity USDLUSD	$1.00
	USDX [Kava]USDX	$0.82
	Gemini DollarGUSD	$1.00
	BUSDBUSD	$1.00
	Anchored Coins AEURAEUR	$1.08
	Venus BUSDvBUSD	$0.02
	Steem DollarsSBD	$3.81
	sUSDSUSD	$0.99
	ReserveRSV	$1.62
	EURCEURC	$1.07
	Tether EURtEURt	$1.06
	XSGDXSGD	$0.74
	Celo DollarCUSD	$1.00
	Venus USDTvUSDT	$0.02
	USDKUSDK	$0.87
	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
	Celo EuroCEUR	$1.08
	Venus DAIvDAI	$0.02
	VaiVAI	$1.00
	DjedDJED	$0.98
	EOSDTEOSDT	$0.96
	VNX EuroVEUR	$1.08
	VNX Swiss FrancVCHF	$1.11
	Empty Set DollarESD	$0.00
	IDRXIDRX	$0.00
	Basis CashBAC	$0.00
	Savings DaiSDAI	$1.08
	EdelcoinEDLC	$1.06
	GHOGHO	$1.00
	Ethena Staked USDesUSDe	$1.06
	USDP StablecoinUSDP	$1.00
	DOLADOLA	$1.00
	ZedxionUSDZ	$1.00
	Amnis FinanceAMAPT	$8.76
	Worldwide USDWUSD	$1.00
	Fathom DollarFXD	$1.00
	Brazilian Digital TokenBRZ	$0.20
	TON Bridged USDTJUSDT	$1.00
	Angle ProtocolEURA	$1.06
	lisUSDlisUSD	$0.98
	xDAIxDAI	$1.00
	USDHUSDH	$0.95
	Magic Internet MoneyMIM	$0.99
	MAIMIMATIC	$0.99
	DRAMDRAM	$1.00
	Decentralized USD (DefiChain)DUSD	$0.44
	XIDRXIDR	$0.00
	JPY CoinJPYC	$0.01
	Overnight DAI+DAI+	$1.00
	One CashONC	$0.09
	Moola Celo USDmCUSD	$1.00
	Inter Stable TokenIST	$1.00
	Meter StableMTR	$0.72
	Sperax USDUSDs	$1.00
	Moola Celo EURmCEUR	$1.07
	CryptoFrancXCHF	$1.09
	dForce USDUSX	$0.98
	BiLiraTRYB	$0.03
	ZARP StablecoinZARP	$0.05
	TON Bridged USDCJUSDC	$0.96
	Tether MXNtMXNt	$0.06
	wanUSDTWANUSDT	$0.99
	Fantom USDFUSD	$0.43
	Mad USDMUSD	$0.39
	JPY Coin v1JPYC	$0.01
	ParallelPAR	$0.67
	USNUSN	$0.89
	Moremoney USDMONEY	$0.98
	xDollar StablecoinXUSD	$1.05
	TORTOR	$0.02
	USD BancorUSDB	$0.24
	WEMIX DollarWEMIX$	$1.00
	DigixDAODGD	$36.04
	Digix Gold TokenDGX	$46.10
	Karatgold CoinKBC	$0.00

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?