Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Top Stablecoin tokens by market capitalization

Stablecoin contains 99 coins with a total market capitalization of $138.11B and an average price change of +0.38%. They are listed in size by market capitalization.

A stablecoin is a type of cryptocurrency designed to have a stable value, as opposed to the highly volatile nature observed in cryptocurrencies like Bitcoin or Ethereum. This stability is typically achieved by pegging the stablecoin's value to a reserve of assets, which could be fiat currencies (like the U.S. dollar, Euro, or the Japanese yen), commodities (like gold), or even other cryptocurrencies. The primary purpose of stablecoins is to provide the benefits of digital currency - such as fast transactions, security, and transparency - without the significant price fluctuations commonly associated with cryptocurrencies.

See more

NamePrice24h (%)7D (%)Market cap24h volumeSupplyLast 24hOperation
focusIcon
$0.9998-0.02%-0.02%$114.38B$68.41B114.40B
Trade
focusIcon
USDC
USDCUSDC
$1+0.02%-0.00%$33.82B$7.60B33.81B
Trade
focusIcon
$1.12-0.04%-0.05%$6.20B$6.05M5.52B
focusIcon
Dai
DaiDAI
$0.9999+0.02%+0.00%$5.35B$211.30M5.35B
Trade
focusIcon
$0.9986-0.12%-0.04%$3.32B$337.19M3.33B
Trade
focusIcon
$0.9991-0.04%-0.00%$2.01B$5.14B2.01B
Trade
focusIcon
$1.08-0.04%+0.10%$1.66B$11.28M1.53B
focusIcon
$0.9999+0.00%-0.02%$774.00M$94.62M774.10M
focusIcon
USDD
USDDUSDD
$1+0.12%+0.10%$738.37M$6.25M738.16M
Trade
focusIcon
Frax
FraxFRAX
$0.9966+0.01%-0.03%$647.23M$42.64M649.43M
focusIcon
$0.9991-0.07%-0.06%$588.57M$9.79M589.11M
Trade
focusIcon
$1-0.09%+0.05%$495.43M$43.13M495.20M
Trade
focusIcon
USDB
USDBUSDB
$0.9999-0.11%-0.17%$339.99M$83.22M340.02M
focusIcon
$1.04-0.73%+0.02%$178.91M$1.04M172.13M
focusIcon
USDJ
USDJUSDJ
$1.08-0.06%+0.12%$166.43M$288,251.57153.87M
focusIcon
crvUSD
crvUSDCRVUSD
$0.9943-0.06%+0.02%$139.99M$60.13M140.78M
focusIcon
$1.09+0.15%-0.07%$135.26M$123,643.2124.13M
focusIcon
$1+0.06%+0.04%$117.41M$1.04M117.40M
focusIcon
$0.02403+0.07%+0.21%$114.66M$04.77B
focusIcon
$1+0.08%-0.16%$104.37M$961,261.61104.35M
focusIcon
$0.7993-0.56%-0.31%$89.18M$288,808.32111.57M
focusIcon
$0.9968-0.01%-0.41%$83.88M$338,370.4984.15M
focusIcon
BUSD
BUSDBUSD
$0.9998-0.04%-0.18%$69.50M$8.24M69.51M
Trade
focusIcon
$1.08+0.02%-0.45%$61.82M$524,720.2657.01M
focusIcon
$1.05-0.96%-1.24%$38.23M$5.28M36.39M
Trade
focusIcon
EURC
EURCEURC
$1.08-1.26%-0.70%$37.41M$1.46M34.55M
Trade
focusIcon
$0.02395+0.03%+0.12%$35.59M$01.49B
focusIcon
$0.9971-0.15%-0.17%$35.45M$2.05M35.56M
Trade
focusIcon
$2.55-2.79%+0.20%$34.54M$18.61M13.53M
focusIcon
$0.9988-0.06%-0.03%$28.82M$028.85M
focusIcon
XSGD
XSGDXSGD
$0.7445-0.11%-0.05%$27.75M$496,283.3837.27M
focusIcon
sUSD
sUSDSUSD
$1-0.03%-0.10%$25.32M$538,111.9525.31M
focusIcon
USDK
USDKUSDK
$0.8276+0.50%-1.25%$23.67M$028.60M
focusIcon
$0.9994+0.04%+0.01%$21.89M$195,422.6721.90M
focusIcon
$0.9974+0.00%-0.02%$17.10M$2.30M17.14M
Trade
focusIcon
BIDR
BIDRBIDR
$0.{4}5969+1.45%+3.24%$16.57M$118.96277.57B
focusIcon
$0.9782+2.26%+2.04%$16.08M$114,034.1516.43M
focusIcon
GYEN
GYENGYEN
$0.006245-0.04%-0.22%$13.11M$11,358.362.10B
focusIcon
$0.9999+0.05%-0.03%$12.80M$8.61M12.80M
focusIcon
$0.{4}6128-0.52%-0.91%$11.65M$808,135.35190.05B
focusIcon
HUSD
HUSDHUSD
$0.03645-0.77%+0.64%$8.11M$322.49222.59M
focusIcon
$1.12+0.25%+0.15%$7.58M$48,304.846.76M
focusIcon
$0.9975+0.03%+0.03%$7.32M$186,419.317.34M
focusIcon
$0.02378+0.00%+0.08%$6.53M$0274.54M
focusIcon
$1.08-0.30%-0.44%$5.60M$1.68M5.16M
Trade
focusIcon
Vai
VaiVAI
$0.9990-0.06%-0.03%$5.40M$4,297.55.41M
focusIcon
$0.9931-0.07%-0.87%$4.05M$100,873.74.08M
focusIcon
Djed
DjedDJED
$0.9876-0.27%-0.01%$3.25M$24,698.093.29M
focusIcon
EOSDT
EOSDTEOSDT
$0.4700--+1.33%$1.24M$02.64M
focusIcon
$1+0.01%+0.02%$988,732.96$22,495.72988532.30
FAQ

How many types of stablecoin are there?

There are primarily four types of stablecoins: - Fiat-collateralized stablecoins: These are backed one-to-one by reserves of traditional fiat currencies. For every stablecoin in circulation, there's a corresponding fiat currency held in a bank or reserve. Example: Tether (USDT): Pegged to the US Dollar. USD Coin (USDC): Also pegged to the US Dollar, and is a collaboration between Circle and Coinbase. - Crypto-collateralized stablecoins: These are backed by a reserve of another cryptocurrency, often Ethereum or another popular asset. They maintain stability through mechanisms like over-collateralization and liquidation of assets to ensure the peg. Examples: Dai (DAI): Created by MakerDAO, DAI is pegged to the US Dollar and is backed by a basket of assets, primarily ETH. sUSD (Synthetix USD): Part of the Synthetix platform, it’s a synthetic asset pegged to the US Dollar. - Algorithmic stablecoins: These aren’t backed by any collateral but use algorithms and smart contracts to automatically adjust the stablecoin's supply based on its demand, aiming to keep its price stable. Examples: Ampleforth (AMPL): Its supply expands or contracts daily based on market conditions. - Commodity-collateralized stablecoins: These are backed by other types of assets, such as precious metals. Gold is a popular choice for this category. Examples: Paxos Gold (PAXG): Each token is backed by one fine troy ounce of a gold bar. Tether Gold (XAUT): Also represents ownership of one troy ounce of physical gold.

Are stablecoins safe?

While stablecoins aim to be stable, they are not without risks. The safety of a stablecoin depends on factors like its collateral management, the transparency of its issuing organization, regulatory oversight, and potential vulnerabilities in its technological implementation. It's essential to research and understand the specific stablecoin's mechanisms and backing before using or investing.

Are stablecoins regulated?

Regulation varies by jurisdiction. Some countries have introduced regulatory frameworks specifically addressing stablecoins, while others apply existing financial and securities regulations. It's crucial to be aware of and understand the regulatory environment in your respective jurisdiction when dealing with stablecoins.

Can the value of a stablecoin ever deviate from its peg?

Yes, the value of a stablecoin can occasionally deviate from its peg due to market pressures, liquidity issues, or loss of confidence in the underlying collateral. In June 2023, the stability of Tether's USDT experienced a slight depeg due to the Curve’s 3Pool liquidity imbalance. Even though the price dropped to as low as US$0.996 at that time, USDT price recovered to US$0.999 later in the day. Mechanisms are usually in place to correct such deviations and bring the price back to its intended peg.

What happens if the issuer of a fiat-collateralized stablecoin goes bankrupt?

The impact of an issuer's bankruptcy will largely depend on the stablecoin's governance and legal structure. Ideally, the underlying assets or collateral should be held in a trust or similar structure to protect them from the issuer's liabilities. However, there's always a risk, especially if the collateral isn't adequately segregated or if there's a lack of transparency and audits.

Why would someone use stablecoins instead of traditional fiat currencies?

Stablecoins combine the advantages of digital currencies and traditional fiat. They offer fast, cost-effective transactions, especially across borders, and can be integrated into digital platforms like decentralized applications (dApps) and DeFi systems. Additionally, they provide a way to operate within the cryptocurrency ecosystem without exposing oneself to the volatility of other cryptocurrencies.

Can governments issue their own stablecoins?

Yes, when governments or central banks issue their own digital currencies or stablecoins, they're often referred to as Central Bank Digital Currencies (CBDCs). CBDCs are digital representations of a country's fiat currency and are recognized as legal tender. They aim to digitize the traditional currency fully, leveraging blockchain or similar technologies, while maintaining centralized control.