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	$0.9996	0.02%	0.03%	0.05%	$152.37B$152,371,619,803	$105,213,689,578 105.23B USDT	152.39B USDT
7	USDC USDC	$0.9996	0.02%	0.01%	0.03%	$61.17B$61,168,342,157	$14,393,570,917 14.39B USDC	61.19B USDC
27	Dai DAI	$0.9998	0.00%	0.01%	0.01%	$5.36B$5,364,456,149	$20,346,191,083 20.34B DAI	5.36B DAI
28	Ethena USDe USDe	$1.00	0.01%	0.06%	0.04%	$5.11B$5,114,098,649	$111,678,339 111.67M USDe	5.11B USDe
49	World Liberty Financial USD USD1	$0.9996	0.01%	0.14%	0.06%	$2.15B$2,150,858,173	$1,112,131,412 1.11B USD1	2.15B USD1
57	First Digital USD FDUSD	$0.9988	0.02%	0.02%	0.06%	$1.59B$1,585,495,220	$5,469,246,550 5.47B FDUSD	1.58B FDUSD
83	PayPal USD PYUSD	$0.9993	0.00%	0.01%	0.02%	$891.5M$891,498,684	$21,793,235 21.80M PYUSD	892.1M PYUSD
128	TrueUSD TUSD	$0.9981	0.01%	0.07%	0.01%	$494.59M$494,590,419	$53,740,675 53.84M TUSD	495.51M TUSD
160	USDD USDD	$0.9999	0.01%	0.10%	0.02%	$356.8M$356,804,345	$15,715,121 15.71M USDD	356.83M USDD
205	Usual USD USD0	$0.9974	0.03%	0.01%	0.05%	$635.53M$635,527,431	$18,440,493 18.48M USD0	637.17M USD0
	Ondo US Dollar YieldUSDY	$1.09
	Falcon USDUSDf	$1.00
	Legacy Frax DollarFRAX	$1.00
	Ripple USDRLUSD	$1.00
	Global DollarUSDG	$1.00
	GHOGHO	$1.00
	EURCEURC	$1.13
	OpenEden OpenDollarUSDO	$1.00
	Elixir deUSDDEUSD	$1.00
	STASIS EUROEURS	$1.12
	Lift DollarUSDL	$1.00
	AUSDAUSD	$1.00
	USDBUSDB	$1.00
	Frax USDFRXUSD	$1.00
	Pax DollarUSDP	$1.00
	lisUSDlisUSD	$1.00
	Venus BUSDvBUSD	$0.02
	Anchored Coins AEURAEUR	$1.04
	BUSDBUSD	$1.00
	Gemini DollarGUSD	$1.00
	EuriteEURI	$1.13
	EUR CoinVertibleEURCV	$1.13
	StraitsX USDXUSD	$1.00
	Liquity USDLUSD	$1.00
	Tether EURtEURt	$1.12
	Celo DollarCUSD	$1.00
	sUSDSUSD	$0.97
	AmpleforthAMPL	$1.08
	MNEEMNEE	$1.00
	Aegis YUSDYUSD	$1.00
	ZUSDZUSD	$1.00
	BIDRBIDR	$0.00
	Rupiah TokenIDRT	$0.00
	GYENGYEN	$0.01
	StablR EuroEURR	$1.14
	USDJUSDJ	$1.09
	XSGDXSGD	$0.77
	Steem DollarsSBD	$0.91
	Worldwide USDWUSD	$1.00
	Quantoz USDQUSDQ	$1.00
	Origin DollarOUSD	$1.00
	Venus DAIvDAI	$0.03
	StablR USDUSDR	$1.00
	Verified USDUSDV	$0.29
	Celo EuroCEUR	$1.13
	Quantoz EURQEURQ	$1.13
	VNX Swiss FrancVCHF	$1.21
	Fei USDFEI	$1.00
	DjedDJED	$0.99
	SMARDEX USDNUSDN	$1.00
	VNX EuroVEUR	$1.13
	VaiVAI	$1.00
	Sperax USDUSDs	$1.06
	Reflexer Ungovernance TokenFLX	$3.60
	IDRXIDRX	$0.00
	VNX British PoundVGBP	$1.34
	StandardSTND	$0.00
	Prisma mkUSDMKUSD	$1.00
	TheStandard USDUSDS	$0.99
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	xUSDxUSD	$1.00
	Currency One USDUSD1	$1.00
	Stables Labs (USDX)USDX	$1.00
	USDP StablecoinUSDP	$1.00
	Savings DaiSDAI	$1.16
	Amnis Aptos CoinAMAPT	$5.86
	Angle ProtocolEURA	$1.13
	BiLiraTRYB	$0.03
	Fathom DollarFXD	$1.00
	Solayer USDSUSD	$1.10
	DOLADOLA	$1.00
	Magic Internet MoneyMIM	$1.00
	ZedxionUSDZ	$1.00
	Brazilian Digital TokenBRZ	$0.18
	USDHUSDH	$1.00
	xDAIxDAI	$0.99
	JPYC PrepaidJPYC	$0.01
	Meter StableMTR	$0.39
	BounceBit USDBBUSD	$0.99
	One CashONC	$0.04
	Moola Celo USDmCUSD	$1.01
	EdelcoinEDLC	$3.04
	ZARP StablecoinZARP	$0.05
	Inter Stable TokenIST	$1.00
	Balance CoinBLC	$0.99
	Decentralized USD (DefiChain)DUSD	$0.07
	MAIMIMATIC	$0.63

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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