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	$1.00	0.00%	0.02%	0.03%	$154.85B$154,847,605,755	$53,730,693,333 53.70B USDT	154.76B USDT
7	USDC USDC	$0.9998	0.02%	0.05%	0.00%	$61.08B$61,084,087,641	$5,810,773,412 5.81B USDC	61.09B USDC
24	Ethena USDe USDe	$1.00	0.01%	0.02%	0.02%	$5.89B$5,887,217,822	$56,998,683 56.92M USDe	5.87B USDe
26	Dai DAI	$0.9998	0.01%	0.03%	0.01%	$5.36B$5,364,427,804	$18,084,826,808 18.08B DAI	5.36B DAI
43	World Liberty Financial USD USD1	$1.00	0.01%	0.00%	0.05%	$2.18B$2,182,370,658	$230,639,028 230.55M USD1	2.18B USD1
55	First Digital USD FDUSD	$0.9987	0.03%	0.01%	0.04%	$1.56B$1,555,355,096	$3,206,035,678 3.20B FDUSD	1.55B FDUSD
72	PayPal USD PYUSD	$0.9995	0.00%	0.04%	0.02%	$1B$1,003,362,305	$18,791,348 18.79M PYUSD	1B PYUSD
113	TrueUSD TUSD	$0.9986	0.00%	0.04%	0.01%	$494.86M$494,859,197	$55,100,889 55.17M TUSD	495.51M TUSD
121	USDD USDD	$1.00	0.01%	0.10%	0.04%	$431.26M$431,255,546	$22,145,101 22.12M USDD	430.89M USDD
196	EURC EURC	$1.13	0.01%	0.05%	0.55%	$200.16M$200,160,800	$11,392,756 9.99M EURC	175.58M EURC
	Usual USDUSD0	$1.00
	Ondo US Dollar YieldUSDY	$1.09
	Falcon USDUSDf	$1.00
	Ripple USDRLUSD	$1.00
	Legacy Frax DollarFRAX	$1.00
	Global DollarUSDG	$1.00
	OpenEden OpenDollarUSDO	$1.00
	GHOGHO	$1.00
	Elixir deUSDDEUSD	$1.00
	STASIS EUROEURS	$1.14
	AUSDAUSD	$1.00
	Lift DollarUSDL	$1.00
	USDBUSDB	$1.00
	Frax USDFRXUSD	$1.00
	Pax DollarUSDP	$1.00
	lisUSDlisUSD	$1.00
	Venus BUSDvBUSD	$0.02
	Anchored Coins AEURAEUR	$1.02
	BUSDBUSD	$1.00
	Gemini DollarGUSD	$1.00
	EUR CoinVertibleEURCV	$1.14
	EuriteEURI	$1.14
	StraitsX USDXUSD	$1.00
	Liquity USDLUSD	$1.00
	Tether EURtEURt	$1.12
	AmpleforthAMPL	$1.38
	sUSDSUSD	$0.98
	Celo DollarCUSD	$1.00
	MNEEMNEE	$1.00
	Aegis YUSDYUSD	$1.00
	ZUSDZUSD	$1.00
	GYENGYEN	$0.01
	Rupiah TokenIDRT	$0.00
	BIDRBIDR	$0.00
	StablR EuroEURR	$1.14
	Worldwide USDWUSD	$1.00
	USDJUSDJ	$1.09
	XSGDXSGD	$0.78
	Steem DollarsSBD	$0.85
	Quantoz USDQUSDQ	$1.00
	Origin DollarOUSD	$1.00
	Venus DAIvDAI	$0.03
	StablR USDUSDR	$1.00
	Quantoz EURQEURQ	$1.14
	VNX Swiss FrancVCHF	$1.22
	Celo EuroCEUR	$1.14
	SMARDEX USDNUSDN	$1.00
	Fei USDFEI	$1.00
	DjedDJED	$0.99
	Verified USDUSDV	$0.17
	VNX EuroVEUR	$1.14
	VaiVAI	$0.99
	Sperax USDUSDs	$1.01
	IDRXIDRX	$0.00
	Reflexer Ungovernance TokenFLX	$3.57
	VNX British PoundVGBP	$1.35
	Prisma mkUSDMKUSD	$1.00
	StandardSTND	$0.00
	TheStandard USDUSDS	$0.99
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	Currency One USDUSD1	$1.00
	Stables Labs (USDX)USDX	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	USDP StablecoinUSDP	$1.00
	xUSDxUSD	$1.00
	Amnis Aptos CoinAMAPT	$4.72
	Overnight.fi USD+ (Base)USD+	$1.00
	xDAIxDAI	$0.99
	ZedxionUSDZ	$0.99
	Fathom DollarFXD	$1.00
	One CashONC	$0.05
	Magic Internet MoneyMIM	$1.00
	Meter StableMTR	$0.52
	DOLADOLA	$1.00
	EdelcoinEDLC	$3.37
	Brazilian Digital TokenBRZ	$0.18
	Solayer USDSUSD	$1.10
	Balance CoinBLC	$1.00
	Moola Celo USDmCUSD	$1.00
	Angle ProtocolEURA	$1.14
	Decentralized USD (DefiChain)DUSD	$0.09
	USDHUSDH	$1.00
	MAIMIMATIC	$1.00
	Inter Stable TokenIST	$1.00
	Moola Celo EURmCEUR	$1.14
	Overnight.fi USD+ (Optimism)USD+	$1.00
	Tether MXNtMXNt	$0.05
	Tether CNHtCNHt	$0.14
	ZARP StablecoinZARP	$0.06

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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