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	0.00%	0.04%	0.05%	$160.38B$160,383,980,360	$154,976,874,023 154.85B	160.26B USDT
7	USDC USDC	$0.9999	0.01%	0.02%	0.01%	$64.77B$64,771,079,495	$23,648,842,900 23.65B	64.77B USDC
27	Ethena USDe USDe	$1.00	0.00%	0.07%	0.07%	$5.61B$5,605,067,394	$205,624,723 205.35M	5.59B USDe
28	Dai DAI	$1.00	0.02%	0.01%	0.01%	$5.37B$5,365,538,440	$23,871,185,657 23.87B	5.36B DAI
48	World Liberty Financial USD USD1	$1.00	0.01%	0.06%	0.09%	$2.21B$2,205,438,705	$589,444,220 589.01M	2.2B USD1
64	First Digital USD FDUSD	$0.9983	0.01%	0.02%	0.00%	$1.45B$1,450,132,752	$9,861,548,685 9.87B	1.45B FDUSD
89	PayPal USD PYUSD	$1.00	0.01%	0.04%	0.06%	$875.72M$875,723,923	$11,972,935 11.97M	875.58M PYUSD
120	USDD USDD	$1.00	0.03%	0.08%	0.09%	$558.82M$558,820,406	$5,832,280 5.82M	558.19M USDD
125	Ripple USD RLUSD	$0.9999	0.00%	0.02%	0.02%	$517.73M$517,725,301	$2,186,714,547 2.18B	517.74M RLUSD
131	TrueUSD TUSD	$0.9979	0.02%	0.03%	0.01%	$493.51M$493,505,782	$58,903,190 59.02M	494.51M TUSD
	Falcon USDUSDf	$1.00
	Ondo US Dollar YieldUSDY	$1.10
	Usual USDUSD0	$1.00
	Global DollarUSDG	$1.00
	Legacy Frax DollarFRAX	$1.00
	EURCEURC	$1.16
	Elixir deUSDDEUSD	$1.00
	Ethena Labs (USDtb)USDtb	$1.00
	STASIS EUROEURS	$1.16
	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
	BUSDBUSD	$1.00
	StraitsX USDXUSD	$1.00
	Gemini DollarGUSD	$1.00
	EUR CoinVertibleEURCV	$1.16
	Tether EURtEURt	$1.13
	Liquity USDLUSD	$1.01
	AmpleforthAMPL	$1.32
	MNEEMNEE	$1.00
	Celo DollarCUSD	$1.00
	sUSDSUSD	$0.80
	StandX DUSDDUSD	$1.00
	Aegis YUSDYUSD	$1.00
	ZUSDZUSD	$1.00
	GYENGYEN	$0.01
	StablR EuroEURR	$1.16
	BIDRBIDR	$0.00
	Rupiah TokenIDRT	$0.00
	XSGDXSGD	$0.78
	USDJUSDJ	$1.07
	Origin DollarOUSD	$1.00
	Steem DollarsSBD	$0.90
	Quantoz USDQUSDQ	$1.00
	Venus DAIvDAI	$0.03
	StablR USDUSDR	$1.00
	VNX Swiss FrancVCHF	$1.26
	Quantoz EURQEURQ	$1.17
	Celo EuroCEUR	$1.16
	Worldwide USDWUSD	$1.00
	SMARDEX USDNUSDN	$1.00
	Fei USDFEI	$0.99
	VNX EuroVEUR	$1.16
	DjedDJED	$1.02
	Verified USDUSDV	$0.17
	VaiVAI	$1.00
	IDRXIDRX	$0.00
	Sperax USDUSDs	$1.03
	Reflexer Ungovernance TokenFLX	$2.83
	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
	GHOGHO	$1.00
	Amnis Aptos CoinAMAPT	$5.39
	USDP StablecoinUSDP	$1.00
	VNX British PoundVGBP	$1.35
	xDAIxDAI	$0.96
	QuoriumQGOLD	$3337.69
	Magic Internet MoneyMIM	$1.00
	ZedxionUSDZ	$1.00
	DOLADOLA	$1.00
	Brazilian Digital TokenBRZ	$0.18
	Solayer USDSUSD	$1.11
	One CashONC	$0.06
	Meter StableMTR	$0.53
	Stables Labs (USDX)USDX	$1.00
	Fathom DollarFXD	$0.65
	EdelcoinEDLC	$3.16
	USDHUSDH	$1.00
	Moola Celo USDmCUSD	$1.02
	MAIMIMATIC	$0.46
	Angle ProtocolEURA	$1.16
	Inter Stable TokenIST	$1.00
	Overnight.fi USD+ (Optimism)USD+	$1.00
	JPYC PrepaidJPYC	$0.01
	ZARP StablecoinZARP	$0.06
	CriptodólarUXD	$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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