Stablecoin
12.91%
0.18%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
3 USDT 3Tether | $0.9989 | 0.00% | −0.04% | 0.04% | $183.89 B | $188.90 B | $44.09 B | |||
5 USDC 5USDC | $1.00 | −0.00% | −0.00% | 0.01% | $72.46 B | $72.46 B | $12.40 B | |||
11 USDS 11USDS | $1.00 | 0.00% | −0.00% | 0.02% | $9.99 B | $9.99 B | $236.49 M | |||
19 DAI 19Dai | $0.9998 | 0.00% | −0.00% | 0.01% | $4.61 B | $4.61 B | $250.94 M | |||
21 USD1 21USD1 | $0.9998 | 0.08% | 0.05% | 0.00% | $4.07 B | $4.07 B | $251.09 M | |||
23 USDE 23Ethena USDe | $1.00 | −0.00% | −0.00% | 0.16% | $3.86 B | $3.86 B | $41.83 M | |||
29 PYUSD 29PayPal USD | $0.9999 | 0.00% | 0.01% | 0.01% | $2.71 B | $2.71 B | $183.81 M | |||
40 RLUSD 40Ripple USD | $1.00 | 0.00% | −0.05% | −0.01% | $1.59 B | $1.59 B | $141.22 M | |||
41 USDD 41USDD | $0.9989 | 0.00% | −0.11% | 0.04% | $1.56 B | $1.56 B | $102.78 M | |||
52 U 52United Stables | $1.00 | 0.06% | 0.03% | −0.07% | $1.08 B | $1.08 B | $33.18 M | |||
69 GHO 69GHO | $0.9988 | 0.00% | −0.00% | 0.11% | $648.22 M | $648.22 M | $2.66 M | |||
88 FDUSD 88First Digital USD | $0.998 | −0.05% | −0.04% | −0.05% | $346.39 M | $346.39 M | $225.89 M | |||
102 USDF 102Falcon USD | $0.996 | −0.26% | −0.17% | −0.23% | $1.26 B | $1.26 B | $599,715.41 | |||
105 TUSD 105TrueUSD | $0.9966 | 0.01% | −0.09% | −0.31% | $492.54 M | $492.54 M | $27.24 M | |||
126 CRVUSD 126crvUSD | $0.9989 | −0.05% | −0.09% | 0.02% | $212.08 M | $212.08 M | $18.21 M | |||
139 USAT 139USAT | $0.9998 | −0.02% | −0.05% | 0.04% | $185.19 M | $185.19 M | $3.03 M | |||
173 USDAT 173Saturn Dollar | $0.9997 | −0.02% | −0.02% | −0.00% | $138.81 M | $140.81 M | $3.68 M | |||
208 DUSD 208StandX DUSD | $1.00 | 0.36% | 0.41% | 0.11% | $103.86 M | $103.86 M | $75,164.78 | |||
215 UUSD 215Unity USD | $1.00 | 0.18% | −0.08% | −0.12% | $100.00 M | $100.00 M | $522,898.73 | |||
249 USDA 249USDA | $0.9609 | 2.86% | −0.40% | −2.96% | $83.57 M | $960,900.00 | $553,821.00 | |||
262 STEAKUSDC 262Steakhouse USDC V2 | $1.02 | 0.00% | 0.00% | 0.29% | $77.66 M | $77.66 M | $0.00 | |||
268 LISUSD 268Lista USD | $0.9974 | −0.13% | −0.05% | 0.12% | $74.92 M | $74.92 M | $17,099.30 | |||
280 STEAKUSDT 280Steakhouse USDT V2 | $1.02 | 0.00% | 0.00% | 0.29% | $72.07 M | $72.07 M | $0.00 | |||
305 FXUSD 305f(x) Protocol fxUSD | $1.00 | 0.46% | 0.10% | 0.10% | $64.66 M | $64.66 M | $450,356.00 | |||
314 FIDD 314Fidelity Digital Dollar | $0.9997 | −0.01% | 0.03% | 0.01% | $62.58 M | $62.58 M | $2.41 M | |||
351 JPYC 351JPY Coin | $0.00608 | −0.06% | −0.72% | −1.48% | $53.54 M | $7.30 M | $57,441.00 | |||
371 TRUSD 371Tori trUSD | $1.00 | 0.10% | 0.10% | 0.10% | $50.28 M | $50.28 M | $1.18 M | |||
373 AUSDT 373Alloy Tether | $1.00 | −0.10% | 0.07% | 0.04% | $50.00 M | $50.00 M | $60.80 | |||
378 USDKG 378USDKG | $0.9822 | −1.91% | −2.28% | −1.42% | $49.11 M | $49.11 M | $2,249.89 | |||
383 USD+ 383Overnight.fi USD+ | $1.00 | 0.44% | 0.46% | 0.02% | $48.23 M | $42.14 M | $43,480.58 | |||
389 DOLA 389DOLA | $0.9965 | 0.03% | 0.08% | 0.13% | $45.93 M | $100.54 M | $421,568.00 | |||
395 XUSD 395StraitsX XUSD | $1.00 | −0.01% | 0.01% | −0.00% | $45.18 M | $45.18 M | $5.27 M | |||
429 ZCHF 429Frankencoin | $1.22 | 0.19% | −0.71% | −0.81% | $41.80 M | $41.80 M | $107,700.27 | |||
447 YUSD 447Aegis YUSD | $0.9913 | −0.76% | −0.78% | −0.92% | $40.31 M | $40.31 M | $1,849.52 | |||
462 GUSD 462Gemini Dollar | $0.9993 | 0.06% | 0.01% | 0.14% | $38.63 M | $38.63 M | $543,921.00 | |||
472 BUSD 472BUSD | $0.9986 | −0.06% | 0.11% | −0.04% | $37.79 M | $37.79 M | $26,449.00 | |||
523 CUSD 523Celo Dollar | $0.9998 | −0.00% | −0.00% | 0.00% | $35.55 M | $57.23 M | $185,473.00 | |||
557 USN 557Noon USN | $1.01 | 1.95% | −0.65% | 2.36% | $33.56 M | $33.56 M | $21,745.63 | |||
573 USDP 573Pax Dollar | $0.999 | −0.02% | −0.06% | 0.09% | $31.92 M | $31.92 M | $12.40 M | |||
577 MUSD 577Mezo USD | $0.9898 | −0.16% | −0.26% | −0.19% | $30.72 M | $30.72 M | $132,728.00 | |||
601 USDK 601USDK | $1.01 | 1.16% | −0.12% | 1.22% | $29.03 M | $29.03 M | $104.53 | |||
631 EARNUSD 631Lido EarnUSD | $1.02 | 0.00% | 0.10% | 0.49% | $26.46 M | $26.46 M | $818.84 | |||
634 BUCK 634Bucket Protocol BUCK Stablecoin | $0.9993 | 0.04% | 0.10% | 0.07% | $25.95 M | $1,622.49 T | $205,236.70 | |||
656 MSUSD 656Main Street USD | $0.3264 | −2.70% | −0.17% | 0.08% | $24.34 M | $24.34 M | $212.30 | |||
702 WUSD 702Worldwide USD | $1.00 | 4.07% | 1.03% | 1.38% | $21.99 M | $2.27 M | $1,297.62 | |||
703 JPYC 703JPY Coin | $0.00834 | 6.37% | 12.29% | 14.93% | $21.93 M | $17.85 M | $520.65 | |||
711 MUSD 711MetaMask USD | $0.9999 | −0.00% | 0.00% | 0.03% | $21.48 M | $21.48 M | $4.30 M | |||
714 USDH 714USDH | $0.9981 | 0.81% | −0.23% | −0.17% | $21.32 M | $99.82 B | $23,038.00 | |||
959 USDB 959USDB | $1.00 | 0.72% | 0.86% | 0.81% | $12.32 M | $12.32 M | $23,756.00 | |||
964 XSGD 964XSGD | $0.7751 | 0.53% | 0.20% | 4.55% | $12.24 M | $64.81 M | $733,781.00 | |||
979 USDR 979StablR USD | $0.59 | 59.69% | 63.44% | 85.57% | $11.95 M | $11.95 M | $1,518.08 | |||
990 YUSD 990YUSD Stablecoin | $0.9955 | −0.08% | −0.02% | 0.04% | $11.79 M | $11.79 M | $0.3796 | |||
996 HOLLAR 996Hydrated Dollar | $0.9989 | 0.11% | 0.11% | 0.16% | $11.66 M | $11.66 M | $995,793.00 | |||
1004 FUSD 1004Freedom Dollar | $0.999 | −0.00% | −0.03% | −0.07% | $11.39 M | $11.39 M | $169,076.00 | |||
1005 HONEY 1005Honey | $0.9991 | −0.04% | 0.00% | 0.03% | $11.38 M | $542.86 M | $131,573.00 | |||
1023 YUSD 1023YieldFi yToken | $0.9985 | 0.00% | 0.00% | 0.00% | $10.86 M | $10.86 M | $80.09 | |||
1039 INALPHA 1039Nest Alpha Vault (LP) | $0.9542 | 0.00% | 0.00% | 0.00% | $10.44 M | $10.44 M | $0.00 | |||
1055 ALUSD 1055Alchemix USD | $0.9317 | −0.86% | −0.92% | −2.81% | $10.05 M | $3.07 M | $309,263.00 | |||
1058 MONEY 1058defi.money | $0.9988 | −0.03% | −0.05% | 0.16% | $10.00 M | $10.00 M | $9.29 | |||
1066 YOUSD 1066Yield Optimizer USD | $1.05 | 0.09% | 0.09% | 0.38% | $9.87 M | $9.87 M | $0.031136 | |||
1082 USDM 1082USDM | $0.9987 | 0.29% | −0.92% | 0.00% | $9.64 M | $9.64 M | $314,558.00 | |||
1091 SBC 1091Stable Coin | $1.01 | 2.25% | 1.82% | 1.73% | $9.49 M | $6.64 M | $37,287.76 | |||
1182 EUROP 1182Schuman EURØP | $1.14 | 0.00% | 0.00% | −1.72% | $8.05 M | $9.06 M | $36,112.00 | |||
1189 USDQ 1189Quantoz USDQ | $0.9963 | 0.58% | 0.59% | 1.03% | $7.95 M | $10.96 M | $4.11 M | |||
1272 USDA 1272Anzens USDA | $1.00 | 0.40% | 0.20% | 0.51% | $6.78 M | $6.78 M | $45,962.00 | |||
1325 JPYSC 1325JPYSC | $0.006104 | −0.04% | −0.23% | −0.19% | $6.10 M | $64.57 M | $0.00 | |||
1328 OUSD 1328Origin Dollar | $0.9992 | −0.05% | −0.04% | −0.03% | $6.07 M | $6.07 M | $51,240.00 | |||
1337 KPK_USDC_YIELDV2 1337kpk USDC Yield V2 Morpho Vault (Ethereum) | $1.03 | 0.10% | 0.19% | 0.68% | $6.01 M | $6.01 M | $0.00 | |||
1338 EURR 1338StablR Euro | $0.5052 | −0.73% | −2.49% | 275.82% | $6.00 M | $6.00 M | $19.63 | |||
1431 PUSD 1431Plume USD | $1.00 | 0.52% | 0.47% | 0.07% | $4.91 M | $4.91 M | $22,774.00 | |||
1447 USDSC 1447Startale USD | $1.00 | 0.01% | 0.00% | 0.00% | $4.77 M | $4.77 M | $177,199.00 | |||
1483 NECT 1483Nectar | $0.9444 | −0.19% | 0.09% | −3.18% | $4.46 M | $4.46 M | $21,714.00 | |||
1484 ZARP 1484ZARP Stablecoin | $0.06018 | 0.82% | −0.65% | 1.03% | $4.45 M | $2.67 M | $2,217.93 | |||
1493 TRYB 1493BiLira | $0.02115 | 0.00% | 3.25% | −1.61% | $4.37 M | $12.51 M | $6,873.15 | |||
1495 HBUSDT 1495Hyperbeat USDT | $1.12 | 0.00% | 0.00% | 0.00% | $4.37 M | $4.37 M | $1,996.29 | |||
1530 AUDD 1530Australian Digital Dollar | $0.7017 | 0.07% | 0.41% | 2.16% | $4.12 M | $3.98 M | $7,136.22 | |||
1572 EURQ 1572Quantoz EURQ | $1.13 | 0.00% | 0.00% | 0.89% | $3.79 M | $5.65 M | $3.93 M | |||
1592 FEI 1592Fei USD | $1.02 | 1.99% | 2.89% | 2.69% | $3.69 M | $3.95 M | $4,924.16 | |||
1602 SBD 1602Steem Dollars | $0.3699 | −0.08% | −3.40% | −12.92% | $3.63 M | $3.63 M | $384,448.14 | |||
1603 PHT 1603PHT Stablecoin | $0.01608 | 0.77% | 0.59% | −0.02% | $3.62 M | $3.62 M | $30.71 | |||
1678 USDXL 1678Last USD | $0.9865 | −0.27% | −0.26% | −0.13% | $3.16 M | $86.81 B | $2,399.34 | |||
1683 DOC 1683Dollar On Chain | $1.00 | −2.77% | 0.10% | 0.53% | $3.13 M | $2.87 M | $25,027.00 | |||
1724 EVAUSDT 1724evaUSDT | $0.9975 | −0.07% | −0.07% | −0.11% | $2.95 M | $2.95 M | $172.01 | |||
1735 MUSD 1735mStable USD | $1.00 | 0.83% | 0.52% | 1.84% | $2.89 M | $41.33 M | $53.21 | |||
1752 NTBILL 1752Nest Treasury Vault | $1.05 | 0.00% | 0.10% | 0.29% | $2.83 M | $2.83 M | $11.84 | |||
1897 USDCX 1897USDCx (Movement) | $0.9993 | −0.07% | −0.07% | 0.04% | $2.24 M | $2.24 M | $18,770.86 | |||
1987 EURt 1987Tether EURt | $0.05342 | −7.89% | −8.70% | −1.65% | $1.94 M | $2.67 M | $25.70 | |||
1997 SCUSD 1997Rings scUSD | $0.9998 | 0.01% | 0.07% | 0.01% | $1.92 M | $1.92 M | $1,549.92 | |||
2012 TUSD 2012Bridged TrueUSD | $1.00 | 1.59% | 1.07% | −5.64% | $1.89 M | $1.89 M | $297.36 | |||
2040 VAI 2040Vai | $0.9977 | −0.01% | 0.01% | −0.15% | $1.83 M | $1.83 M | $188.39 | |||
2046 DLLR 2046Sovryn Dollar | $0.9955 | 1.29% | −0.64% | 1.15% | $1.81 M | $1.81 M | $1,083.74 | |||
2053 DEURO 2053Decentralized Euro | $1.14 | −2.88% | −4.07% | 8.39% | $1.79 M | $1.79 M | $942.22 | |||
2066 LZUSDC 2066Bridged USD Coin (LayerZero) | $0.9999 | 41.78% | 30.71% | 11.69% | $1.76 M | $1.76 M | $2,140.64 | |||
2068 CEUR 2068Celo Euro | $1.14 | 0.00% | 0.00% | 0.00% | $1.75 M | $1.75 M | $2,936.82 | |||
2154 FUSD 2154The Fedz FUSD | $0.9695 | 1.17% | 1.06% | 1.16% | $1.56 M | $1.56 M | $91.25 | |||
2177 USDV 2177Solomon USDv | $1.00 | −0.05% | 0.13% | −0.07% | $1.51 M | $1.51 M | $169.87 | |||
2195 WBRL 2195Brazilian real | $0.1956 | 0.03% | 0.89% | 1.17% | $1.49 M | $310,230.79 | $352.92 | |||
2202 BBUSD 2202BounceBit USD | $1.00 | 0.53% | −0.10% | 1.59% | $1.48 M | $1.48 M | $1,496.60 | |||
2217 SSUPERUSD 2217SuperReturn sSuperUSD | $1.08 | 0.28% | 0.18% | 0.56% | $1.44 M | $1.44 M | $1,926.66 | |||
2232 SRNUSD 2232Strata Senior NUSD | $1.03 | 0.00% | 0.10% | 0.29% | $1.41 M | $1.41 M | $10.83 |
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Frequently Asked Questions
What is a stablecoin?
A stablecoin is a crypto asset designed to hold a fixed value, almost always pegged 1:1 to the US dollar. Stablecoins give traders, DeFi protocols, and cross-border payments a non-volatile settlement asset and unit of account. DropsTab tracks more than 220 stablecoin projects with a combined market cap above $300B, a double-digit share of total crypto market value. The category spans dollar-pegged giants, regional fiat pegs, and yield-bearing synthetic dollars.
Which stablecoins have the largest market cap?
Tether (USDT) is the largest stablecoin by market cap, followed by USDC. Together USDT and USDC hold more than 80% of total stablecoin supply, making the category highly concentrated. Other major stablecoins include USDS, DAI, USD1, and Ethena USDe. DropsTab ranks every tracked stablecoin by live market cap, so the current order and any shift in concentration stay visible on the category page.
How do stablecoins work?
A stablecoin works by holding a peg to a reference asset through a backing or balancing mechanism. Fiat-backed stablecoins hold cash and short-term Treasuries in reserve and redeem 1:1. Crypto-backed stablecoins lock excess crypto collateral to absorb volatility. Algorithmic stablecoins adjust supply by formula, a model largely discredited after past collapses. The mechanism determines reliability: a stablecoin holds its peg only as long as its backing or incentives hold.
What are the types of stablecoins?
Stablecoins fall into five collateral models. Fiat-backed coins like USDT and USDC hold cash and Treasuries. Crypto-backed coins like DAI and crvUSD lock overcollateralized crypto. Commodity-backed coins like Quorium (QGOLD) track gold. Algorithmic coins balance supply by formula. Synthetic coins like Ethena USDe use crypto collateral plus a futures hedge. The category also covers regional fiat pegs for the euro, yen, Singapore dollar, and Turkish lira.
Who issues stablecoins?
Stablecoins are issued by three kinds of entities. Centralized companies back fiat-collateralized coins — Tether issues USDT, Circle issues USDC, and PayPal issues PYUSD. Decentralized protocols mint crypto-backed coins — Sky issues USDS and Aave issues GHO. Fintech and banking entrants like Ripple (RLUSD) and Fidelity now issue regulated dollar tokens. The issuer determines the backing model and reserve transparency, so issuer identity is a core trust signal for any stablecoin.
How are stablecoins evaluated for reliability?
Stablecoin reliability is judged by reserve quality, transparency, and peg stability — not by yield alone. Fiat-backed issuers publish attestations or audits proving 1:1 backing in cash and Treasuries. The US GENIUS Act, enacted in July 2025, requires 1:1 reserves and annual audits for issuers above $50B in supply. A stablecoin with opaque reserves or a history of peg deviation carries higher counterparty risk regardless of its size.
Can a stablecoin lose its peg?
Yes — any stablecoin can lose its peg, and a depeg means direct capital loss for holders. Fiat-backed coins depeg if reserves are insufficient or frozen, algorithmic coins collapse when incentives break, and synthetic coins slip when hedges fail. Several coins on DropsTab's stablecoin list trade well below $1, a live signal of distressed or failed pegs. Peg deviation is the clearest health metric for any stablecoin.
What are yield-bearing stablecoins?
Yield-bearing stablecoins pay holders a return while tracking the dollar. Ethena USDe is the most prominent example: USDe stays near $1 using a delta-neutral hedge — long crypto collateral offset by short perpetual-futures positions — and pays yield from funding rates and staking rewards. The yield is not risk-free: it depends on positive futures funding and on exchange and custody integrity, so returns fall or reverse when funding turns negative.
How does regulation affect the stablecoin market?
Regulation is the dominant force shaping the stablecoin market. The US GENIUS Act, enacted July 18, 2025, bans unlicensed stablecoin issuance and mandates full reserves, with federal implementing rules being finalized. In the EU, MiCA enforcement has already forced issuers to restructure or exit. Regulation favors large, transparent, fully-reserved issuers like Circle and Tether while pressuring opaque or algorithmic models — accelerating consolidation toward compliant fiat-backed coins.