Stablecoin
9.89%
−0.18%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
3 USDT 3Tether | $0.9998 | −0.00% | 0.02% | −0.01% | $183.78 B | $189.29 B | $41.56 B | |||
6 USDC 6USDC | $0.9999 | 0.00% | 0.02% | −0.01% | $75.20 B | $75.20 B | $9.45 B | |||
14 USDS 14USDS | $0.9998 | 0.01% | −0.01% | −0.01% | $9.77 B | $9.77 B | $50.52 M | |||
24 USDE 24Ethena USDe | $0.9998 | 0.03% | 0.01% | −0.00% | $4.95 B | $4.95 B | $20.80 M | |||
26 DAI 26Dai | $0.9998 | −0.01% | 0.01% | −0.00% | $4.60 B | $4.60 B | $111.03 M | |||
28 USD1 28USD1 | $0.9995 | 0.02% | 0.01% | −0.02% | $4.39 B | $4.39 B | $593.39 M | |||
34 PYUSD 34PayPal USD | $0.9999 | 0.01% | 0.01% | 0.00% | $2.78 B | $2.78 B | $25.13 M | |||
39 RLUSD 39Ripple USD | $1.00 | −0.02% | −0.03% | −0.01% | $2.49 B | $2.49 B | $103.57 M | |||
53 USDD 53USDD | $1.00 | 0.05% | −0.04% | 0.05% | $1.56 B | $1.56 B | $5.20 M | |||
57 U 57United Stables | $1.00 | 0.03% | −0.01% | 0.07% | $1.48 B | $1.48 B | $18.35 M | |||
81 GHO 81GHO | $0.9992 | −0.02% | 0.04% | 0.03% | $698.44 M | $698.44 M | $5.70 M | |||
104 USDF 104Falcon USD | $0.9963 | −0.08% | 0.03% | 0.06% | $1.21 B | $1.21 B | $136,000.33 | |||
107 TUSD 107TrueUSD | $0.9997 | −0.01% | 0.05% | 0.14% | $494.37 M | $494.37 M | $6.09 M | |||
121 SOFID 121SoFiUSD | $0.9996 | 0.03% | 0.03% | 0.01% | $325.92 M | $325.92 M | $3.16 M | |||
123 FDUSD 123First Digital USD | $0.9994 | 0.02% | 0.05% | −0.00% | $324.85 M | $324.85 M | $21.86 M | |||
156 CRVUSD 156crvUSD | $0.9998 | −0.00% | 0.01% | −0.00% | $224.09 M | $224.19 M | $3.80 M | |||
174 USAT 174USAT | $0.9997 | 0.00% | 0.00% | 0.00% | $183.26 M | $183.26 M | $79,837.34 | |||
206 JPYC 206JPY Coin | $0.006334 | −0.16% | 0.85% | 0.85% | $134.82 M | $55.74 M | $1.02 M | |||
249 UUSD 249Unity USD | $0.9998 | −0.02% | 0.05% | 0.28% | $99.98 M | $99.98 M | $1.47 M | |||
262 LISUSD 262Lista USD | $0.9961 | −0.06% | −0.21% | −0.21% | $93.79 M | $93.79 M | $48,691.00 | |||
272 FXUSD 272f(x) Protocol fxUSD | $0.9998 | −0.01% | 0.04% | −0.02% | $88.41 M | $88.41 M | $2.57 M | |||
287 USDAT 287Saturn Dollar | $0.9999 | 0.00% | 0.03% | 0.10% | $82.60 M | $82.60 M | $703,993.00 | |||
299 EUSX 299Solstice eUSX | $1.04 | 0.00% | 0.10% | 0.58% | $79.17 M | $146.60 M | $116,523.89 | |||
310 USDSUI 310USDsui | $1.00 | 0.18% | −0.06% | 0.29% | $76.62 M | $76.62 M | $3.94 M | |||
313 DOLA 313DOLA | $0.9976 | 0.11% | 0.07% | 0.10% | $75.87 M | $103.62 M | $240,146.00 | |||
314 USDA 314USDA | $0.8707 | −1.01% | −2.91% | −9.82% | $75.72 M | $870,700.00 | $31,255.00 | |||
315 CGUSD 315Cygnus Finance Global USD | $0.9924 | −0.01% | 45443.46% | 49027.23% | $75.62 M | $75.62 M | $8.08 | |||
351 FIDD 351Fidelity Digital Dollar | $0.9996 | 0.01% | 0.03% | 0.02% | $62.58 M | $62.58 M | $3.85 M | |||
382 DUSD 382StandX DUSD | $1.00 | 0.25% | 0.27% | −0.19% | $55.25 M | $55.25 M | $43,319.67 | |||
406 USDKG 406USDKG | $0.9994 | 0.09% | −0.14% | −0.05% | $49.97 M | $49.97 M | $17,147.95 | |||
420 USD+ 420Overnight.fi USD+ | $0.9981 | −0.12% | 0.12% | −0.05% | $47.99 M | $41.94 M | $8,952.76 | |||
462 MSUSD 462Main Street USD | $0.5657 | 1.82% | 6.90% | 71.14% | $42.71 M | $42.71 M | $438.68 | |||
475 ZCHF 475Frankencoin | $1.20 | −0.02% | −0.47% | −2.56% | $41.32 M | $41.32 M | $65,733.21 | |||
476 XUSD 476StraitsX XUSD | $1.00 | 0.00% | −0.01% | 0.02% | $41.13 M | $41.13 M | $4.67 M | |||
481 YUSD 481Aegis YUSD | $0.9992 | −0.03% | −0.02% | −0.04% | $40.63 M | $40.63 M | $364.49 | |||
492 GUSD 492Gemini Dollar | $0.9994 | −0.01% | 0.01% | −0.05% | $39.28 M | $39.28 M | $283,116.00 | |||
496 USN 496Noon USN | $0.9991 | −0.03% | −0.01% | 0.00% | $39.02 M | $39.02 M | $2.54 | |||
566 EARNUSD 566Lido EarnUSD | $1.03 | 0.00% | 0.10% | 0.49% | $35.81 M | $35.81 M | $0.00 | |||
570 CUSD 570Celo Dollar | $0.9989 | −0.65% | −0.35% | −0.20% | $35.52 M | $57.18 M | $20,584.00 | |||
582 BUSD 582BUSD | $1.00 | 0.44% | 0.39% | 0.38% | $34.52 M | $34.52 M | $2,020.05 | |||
638 MUSD 638Mezo USD | $0.9901 | 0.05% | 0.03% | −0.03% | $30.11 M | $30.11 M | $71,997.00 | |||
659 USDK 659USDK | $0.9936 | 1.12% | 0.13% | 0.23% | $28.42 M | $28.42 M | $13.81 | |||
664 USDP 664Pax Dollar | $0.9937 | −0.38% | −0.42% | −0.58% | $27.91 M | $27.91 M | $1.47 M | |||
702 BUCK 702Bucket Protocol BUCK Stablecoin | $0.9987 | 0.14% | 0.08% | 0.02% | $25.93 M | $1,621.52 T | $969,906.55 | |||
741 JPYC 741JPY Coin | $0.009129 | 2.07% | 43.40% | 5.57% | $23.74 M | $19.54 M | $68.88 | |||
784 USDH 784USDH | $0.9972 | 0.01% | −0.18% | 0.13% | $21.30 M | $99.73 B | $7,574.36 | |||
851 ZUSD 851ZUSD | $1.00 | 0.13% | 28.58% | 28.58% | $18.56 M | $18.56 M | $19.18 | |||
918 EUROP 918Schuman EURØP | $1.13 | −0.08% | −0.83% | −2.21% | $16.19 M | $9.05 M | $16,581.37 | |||
944 MUSD 944MetaMask USD | $0.9998 | −0.00% | 0.01% | −0.01% | $15.43 M | $15.43 M | $8.93 M | |||
985 SBC 985Stable Coin | $1.00 | 0.39% | 2.02% | 0.36% | $14.13 M | $6.55 M | $84.51 | |||
1010 USDM 1010USDM | $0.9989 | −0.77% | −0.06% | −0.50% | $13.53 M | $13.53 M | $123,634.00 | |||
1030 HOLLAR 1030Hydrated Dollar | $0.9997 | −0.09% | −0.14% | −0.45% | $13.11 M | $13.11 M | $1.41 M | |||
1037 XSGD 1037XSGD | $0.7816 | −0.26% | −0.16% | −0.63% | $12.91 M | $65.36 M | $712,066.00 | |||
1071 FUSD 1071Freedom Dollar | $0.9993 | −0.17% | −0.19% | −0.42% | $11.99 M | $11.99 M | $54,525.00 | |||
1084 YUSD 1084YUSD Stablecoin | $0.9967 | 0.02% | −0.03% | −0.01% | $11.81 M | $11.81 M | $25.71 | |||
1103 USDB 1103USDB | $0.9962 | −0.09% | −0.04% | −0.17% | $11.34 M | $11.34 M | $16,043.53 | |||
1132 YUSD 1132YieldFi yToken | $0.9985 | 0.00% | 0.00% | 0.00% | $10.86 M | $10.86 M | $0.00 | |||
1153 INALPHA 1153Nest Alpha Vault (LP) | $0.9542 | 0.00% | 0.00% | 0.00% | $10.44 M | $10.44 M | $0.00 | |||
1165 KPK_USDC_YIELDV2 1165kpk USDC Yield V2 Morpho Vault (Ethereum) | $1.05 | 0.00% | 0.10% | 0.38% | $10.17 M | $10.17 M | $0.00 | |||
1175 MONEY 1175defi.money | $1.00 | 0.00% | 0.16% | 0.19% | $10.01 M | $10.01 M | $0.022889 | |||
1178 USDX 1178Axis USD | $0.9993 | 0.04% | −0.06% | −0.19% | $9.99 M | $9.99 M | $246,810.00 | |||
1182 ALUSD 1182Alchemix USD | $0.9495 | 0.01% | −0.61% | 0.78% | $9.95 M | $3.12 M | $60,632.00 | |||
1294 YOUSD 1294Yield Optimizer USD | $1.06 | 0.00% | 0.09% | 0.38% | $8.11 M | $8.11 M | $0.00 | |||
1300 GTUSDTP 1300Gauntlet USDT PRIME | $1.02 | 0.00% | 0.10% | 0.20% | $8.01 M | $8.01 M | $0.00 | |||
1303 USDQ 1303Quantoz USDQ | $0.9991 | −0.06% | −0.10% | 0.10% | $7.97 M | $10.99 M | $1.37 M | |||
1311 BUSD 1311Bera USD | $0.9971 | −0.01% | −0.77% | −0.26% | $7.91 M | $7.91 M | $110,401.00 | |||
1382 NOON 1382Noon | $0.02006 | 0.98% | −4.64% | 7.67% | $6.99 M | $20.06 M | $2.87 | |||
1405 USDA 1405Anzens USDA | $1.00 | −0.58% | −0.24% | −0.30% | $6.78 M | $6.78 M | $52,131.00 | |||
1463 OUSD 1463Origin Dollar | $0.9996 | 0.01% | −0.02% | −0.03% | $6.12 M | $6.12 M | $28,273.00 | |||
1472 USDV 1472Solomon USDv | $1.00 | −0.11% | −0.02% | 0.10% | $6.08 M | $6.08 M | $31,564.00 | |||
1499 SBD 1499Steem Dollars | $0.5957 | −0.06% | 21.50% | 48.60% | $5.84 M | $5.84 M | $869,702.00 | |||
1617 NECT 1617Nectar | $0.9976 | −0.25% | −0.67% | −0.15% | $4.71 M | $4.71 M | $474.96 | |||
1647 USDSC 1647Startale USD | $1.00 | 0.10% | 0.11% | 0.10% | $4.48 M | $4.48 M | $81,433.00 | |||
1658 ZARP 1658ZARP Stablecoin | $0.06122 | −0.41% | −0.66% | −0.62% | $4.41 M | $2.72 M | $3,747.58 | |||
1700 AUDD 1700Australian Digital Dollar | $0.7063 | 0.29% | −0.58% | −1.25% | $4.15 M | $4.00 M | $6,086.05 | |||
1716 FTUSD 1716Flying Tulip USD | $1.00 | 0.44% | 0.47% | −0.01% | $4.06 M | $4.06 M | $36,950.00 | |||
1721 NTBILL 1721Nest Treasury Vault | $1.05 | 0.00% | 0.09% | 0.28% | $4.00 M | $4.00 M | $0.00 | |||
1754 EURQ 1754Quantoz EURQ | $1.13 | 0.00% | 0.89% | 0.89% | $3.79 M | $5.65 M | $828,338.00 | |||
1761 FEI 1761Fei USD | $1.00 | 0.26% | 0.28% | 0.31% | $3.72 M | $3.98 M | $19,272.91 | |||
1777 HBUSDT 1777Hyperbeat USDT | $1.13 | 0.00% | 0.00% | 0.89% | $3.63 M | $3.62 M | $151.55 | |||
1813 ZARU 1813ZAR Universal | $0.06116 | −0.11% | 0.05% | 0.04% | $3.39 M | $3.39 M | $47,368.00 | |||
1835 DOC 1835Dollar On Chain | $0.9984 | 1.39% | 2.72% | 0.19% | $3.30 M | $2.87 M | $439.54 | |||
1865 USDXL 1865Last USD | $0.9976 | 0.23% | 0.37% | −0.28% | $3.19 M | $87.79 B | $391.56 | |||
1873 AUDM 1873Macropod | $0.6915 | −1.82% | −2.98% | −3.73% | $3.16 M | $3.16 M | $323,787.00 | |||
1915 PUSD 1915Plume USD | $1.00 | 0.00% | 0.10% | −0.10% | $2.92 M | $2.92 M | $4,917.03 | |||
1918 EVAUSDT 1918evaUSDT | $0.996 | 0.42% | 0.08% | −0.23% | $2.91 M | $2.91 M | $2,481.13 | |||
1930 MUSD 1930mStable USD | $1.00 | 4.56% | 0.37% | 0.32% | $2.88 M | $41.13 M | $5.30 | |||
2064 EVAUSDC 2064evaUSDC | $0.9972 | −0.01% | 0.10% | −0.19% | $2.43 M | $2.43 M | $411.33 | |||
2113 EURt 2113Tether EURt | $0.06158 | 39.49% | 7.87% | 13.14% | $2.24 M | $3.08 M | $257.70 | |||
2120 WBRL 2120Brazilian real | $0.1928 | 0.19% | −1.37% | −0.35% | $2.22 M | $305,789.86 | $2,536.58 | |||
2231 SCUSD 2231Rings scUSD | $1.01 | 1.27% | 0.70% | −0.42% | $1.94 M | $1.94 M | $2,314.31 | |||
2256 TUSD 2256Bridged TrueUSD | $0.9997 | −13.89% | 0.05% | −12.95% | $1.89 M | $1.89 M | $416.72 | |||
2305 LZUSDC 2305Bridged USD Coin (LayerZero) | $0.9999 | −0.00% | 0.02% | −0.01% | $1.75 M | $1.75 M | $1,823.06 | |||
2329 IOUSDT 2329Bridged Tether (IoTeX) | $0.8148 | −18.54% | −18.52% | −20.26% | $1.69 M | $1.69 M | $266.43 | |||
2380 DLLR 2380Sovryn Dollar | $0.9884 | 2.00% | 0.75% | −0.85% | $1.57 M | $1.57 M | $101.10 | |||
2383 CEUR 2383Celo Euro | $1.14 | −0.87% | −0.87% | −2.56% | $1.56 M | $1.56 M | $7,683.04 | |||
2394 FUSD 2394The Fedz FUSD | $0.9607 | −0.07% | 0.28% | 2.45% | $1.55 M | $1.55 M | $8.74 | |||
2470 USDM 2470Mountain Protocol USD | $1.00 | −0.10% | −0.10% | −0.10% | $1.41 M | $1.41 M | $1,543.61 | |||
2473 LVUSD 2473LeverUp USD | $0.9991 | 0.46% | 1.05% | 0.95% | $1.40 M | $1.40 M | $605.99 | |||
2502 VAI 2502Vai | $0.9977 | −0.13% | −0.20% | −0.11% | $1.35 M | $1.35 M | $50.71 |
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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.