Question 1

What are the different types of Stablecoins?

Accepted 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?

Accepted 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?

Accepted 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
6085	CryptoFranc XCHF	$0.05307	0.03%	51.21%	102.90%	$376,831.34$376,831	$2 32.71 XCHF	7.1M XCHF
6332	Karatgold Coin KBC	$0.001047	0.00%	0.00%	1.79%	--	--	--
6381	BiLira TRYB	$0.02527	0.00%	0.01%	0.29%	$6.04M$6,042,780	--	239.1M TRYB
6469	wanUSDT WANUSDT	$1.00	0.00%	0.12%	0.09%	--	--	0 WANUSDT
6473	CAD Coin CADC	$0.7266	0.00%	0.07%	0.18%	$6.63E23$6.626434672470437e+23	--	911,966.05E CADC
6491	JPY Coin v1 JPYC	$0.007028	0.00%	0.05%	0.27%	--	--	--
6696	BRCP TOKEN BRCP	$0.2169	0.00%	0.03%	0.02%	$10.19M$10,194,858	--	47M BRCP
6789	e-Money EUR EEUR	$0.2589	0.00%	2.50%	12.94%	--	--	0 EEUR
6854	XIDR XIDR	$0.00005643	0.00%	0.00%	2.32%	$6.43M$6,428,284	--	113.9B XIDR
6872	SORA Synthetic USD XSTUSD	$0.04017	0.00%	0.00%	0.00%	$40,177.48$40,177	--	1M XSTUSD
	Fantom USDFUSD	$0.08
	Moola Celo EURmCEUR	$1.14
	TORTOR	$0.00
	YUSD StablecoinYUSD	$1.00
	JPYC PrepaidJPYC	$0.01
	ZARP StablecoinZARP	$0.06
	Coin98 DollarCUSD	$0.33
	Inter Stable TokenIST	$1.00
	Overnight DAI+DAI+	$1.00
	TON Bridged USDCJUSDC	$0.96
	Savings DaiSDAI	$1.16
	USDCASHUSDCASH	$1.00
	RMBCASHRMBCASH	$0.16
	Amnis Aptos CoinAMAPT	$4.72
	Satoshi StablecoinSATS	$0.00
	BounceBit USDBBUSD	$1.00
	Gyroscope GYDGYD	$1.00
	Overnight.fi USD+ (Blast)USD+	$0.99
	Balance CoinBLC	$1.00
	USDAUSDA	$1.00
	USDSUSDS	$1.00
	Aave Ethereum USDTAETHUSDT	$1.00
	Ethena Staked USDesUSDe	$1.18
	USD Coin BridgedUSDC.e	$1.00
	Venus USDTvUSDT	$0.03
	OpenEden Compounding OpenDollarCUSDO	$1.02
	crvUSDCRVUSD	$1.00
	Venus USDCvUSDC	$0.03
	Savings crvUSDSCRVUSD	$1.05
	Staked Frax USDSFRXUSD	$1.14
	Tether Avalanche BridgedUSDT.e	$1.00
	Axelar Wrapped USDCaxlUSDC	$1.00
	TON Bridged USDTJUSDT	$1.01
	bitUSDBITUSD	$--
	bitCNYBITCNY	$--
	NuBitsUSNBT	$--
	bitGoldBITGOLD	$--
	XaurumXAUR	$--
	bitEURBITEUR	$--
	HelloGoldHGT	$--
	Single Collateral DAI SAI	$--
	QcashQC	$--
	Digix Gold TokenDGX	$--
	Italian LiraITL	$--
	Stably USD ClassicUSDSC	$--
	ConstantCONST	$--
	Diamond Platform TokenDPT	$--
	EOSDTEOSDT	$--
	USDQUSDQ	$--
	USDKUSDK	$--
	xEUROXEUR	$--
	Binance GBP Stable CoinBGBP	$--
	1irstGold1GOLD	$--
	HUSDHUSD	$--
	EURBASEEBASE	$--
	TerraKRWKRT	$--
	Binance KRWBKRW	$--
	eToro United States DollarUSDEX	$--
	Compound USDTCUSDT	$--
	mStable USDMUSD	$--
	USDX [Kava]USDX	$--
	Reserve DollarRSV	$--
	DefiDollarDUSD	$--
	USDLUSDL	$--
	Unbound EthereumUETH	$--
	Binance VNDBVND	$--
	Basis DollarBSD	$--
	Dynamic Set DollarDSD	$--
	Stand CashSAC	$--
	USDEXUSDEX	$--
	Universal DollarU8D	$--
	Zytara dollarZUSD	$--
	YF Link USDYFLUSD	$--
	USDFreeLiquidityUSDFL	$--
	Midas Dollar ShareMDS	$--
	Midas DollarMDO	$--
	Alchemix USDALUSD	$--
	Float Protocol: FloatFLOAT	$--
	Frapped USDTfUSDT	$--
	Fluity USDFLUSD	$--
	sEURSEUR	$--
	IronIRON	$--
	Zerogoki USDzUSD	$--
	ARTH ValuecoinARTH	$--
	Bond Appetite USDUSDAP	$--
	Zasset zUSDZUSD	$--
	BeanBEAN	$--
	Coffin FinanceCOFFIN	$--
	Coffin DollarCOUSD	$--
	xDollar StablecoinXUSD	$--

Top Stablecoin Tokens by Market Capitalization