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
4	Tether USDT	$1.00	0.01%	0.01%	0.01%	$160.91B$160,905,560,468	$157,919,224,644 157.83B	160.81B USDT
7	USDC USDC	$0.9999	0.01%	0.00%	0.01%	$64.8B$64,795,697,615	$24,553,126,197 24.55B	64.8B USDC
25	Ethena USDe USDe	$1.00	0.02%	0.05%	0.09%	$5.76B$5,764,591,984	$200,338,120 199.99M	5.75B USDe
28	Dai DAI	$1.00	0.00%	0.02%	0.00%	$5.37B$5,365,623,711	$22,748,136,217 22.74B	5.36B DAI
47	World Liberty Financial USD USD1	$1.00	0.01%	0.01%	0.06%	$2.21B$2,205,698,130	$628,198,221 627.67M	2.2B USD1
62	First Digital USD FDUSD	$0.9982	0.01%	0.02%	0.03%	$1.45B$1,449,897,605	$10,329,699,673 10.34B	1.45B FDUSD
88	PayPal USD PYUSD	$1.00	0.01%	0.00%	0.02%	$865.21M$865,206,714	$16,941,950 16.94M	865.17M PYUSD
119	USDD USDD	$1.00	0.02%	0.06%	0.03%	$528.4M$528,401,855	$5,045,854 5.04M	528.03M USDD
120	Ripple USD RLUSD	$0.9997	0.00%	0.01%	0.01%	$527.6M$527,595,502	$915,055,674 915.31M	527.74M RLUSD
126	TrueUSD TUSD	$0.9978	0.01%	0.01%	0.04%	$493.45M$493,454,823	$56,389,998 56.51M	494.51M TUSD
	Falcon USDUSDf	$1.00
	Usual USDUSD0	$1.00
	Ondo US Dollar YieldUSDY	$1.10
	Global DollarUSDG	$1.00
	Legacy Frax DollarFRAX	$1.00
	EURCEURC	$1.16
	Elixir deUSDDEUSD	$1.00
	Ethena Labs (USDtb)USDtb	$1.00
	STASIS EUROEURS	$1.15
	AUSDAUSD	$1.00
	Lift DollarUSDL	$1.00
	Frax USDFRXUSD	$1.00
	Pax DollarUSDP	$1.00
	USDBUSDB	$1.00
	Anchored Coins AEURAEUR	$1.16
	lisUSDlisUSD	$1.00
	Venus BUSDvBUSD	$0.02
	EuriteEURI	$1.16
	StraitsX USDXUSD	$1.00
	BUSDBUSD	$1.00
	Gemini DollarGUSD	$1.00
	EUR CoinVertibleEURCV	$1.17
	Tether EURtEURt	$1.14
	Liquity USDLUSD	$1.00
	AmpleforthAMPL	$1.30
	MNEEMNEE	$1.00
	Celo DollarCUSD	$1.00
	sUSDSUSD	$0.84
	StandX DUSDDUSD	$1.00
	Aegis YUSDYUSD	$1.00
	ZUSDZUSD	$1.00
	GYENGYEN	$0.01
	StablR EuroEURR	$1.17
	BIDRBIDR	$0.00
	Rupiah TokenIDRT	$0.00
	XSGDXSGD	$0.78
	USDJUSDJ	$1.08
	Steem DollarsSBD	$0.93
	Origin DollarOUSD	$1.00
	Quantoz USDQUSDQ	$1.00
	Venus DAIvDAI	$0.03
	StablR USDUSDR	$1.00
	VNX Swiss FrancVCHF	$1.25
	Quantoz EURQEURQ	$1.17
	Celo EuroCEUR	$1.16
	Worldwide USDWUSD	$1.00
	Verified USDUSDV	$0.21
	Fei USDFEI	$0.98
	SMARDEX USDNUSDN	$0.99
	VNX EuroVEUR	$1.16
	DjedDJED	$1.00
	VaiVAI	$1.00
	IDRXIDRX	$0.00
	Sperax USDUSDs	$1.00
	Reflexer Ungovernance TokenFLX	$3.02
	StandardSTND	$0.01
	Prisma mkUSDMKUSD	$1.01
	TheStandard USDUSDS	$0.99
	Empty Set DollarESD	$0.00
	Basis CashBAC	$0.00
	Savings DaiSDAI	$1.16
	xUSDxUSD	$1.00
	Overnight.fi USD+ (Base)USD+	$1.00
	Bucket Protocol BUCK StablecoinBUCK	$1.00
	CAD CoinCADC	$0.73
	DOLADOLA	$1.00
	Amnis Aptos CoinAMAPT	$5.25
	GHOGHO	$1.00
	USDP StablecoinUSDP	$1.00
	VNX British PoundVGBP	$1.35
	xDAIxDAI	$0.99
	QuoriumQGOLD	$3356.31
	Magic Internet MoneyMIM	$1.00
	ZedxionUSDZ	$1.00
	Solayer USDSUSD	$1.11
	One CashONC	$0.06
	Meter StableMTR	$0.53
	Stables Labs (USDX)USDX	$1.00
	Brazilian Digital TokenBRZ	$0.18
	Fathom DollarFXD	$0.69
	MAIMIMATIC	$0.48
	BounceBit USDBBUSD	$1.00
	USDHUSDH	$1.00
	Moola Celo USDmCUSD	$1.00
	EdelcoinEDLC	$3.07
	Angle ProtocolEURA	$1.16
	Inter Stable TokenIST	$1.00
	Moola Celo EURmCEUR	$1.16
	ZARP StablecoinZARP	$0.06
	Overnight.fi USD+ (Optimism)USD+	$1.00

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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