Top Stablecoins List & Prices - Top 50 List | Coinranking (2024)

FAQs

Top Stablecoins List & Prices - Top 50 List | Coinranking? ›

The top 5 stable coins in 2024 may vary depending on market conditions, but some of the most popular ones currently include Tether (USDT), USD Coin (USDC), Binance USD (BUSD), Dai (DAI), and TrueUSD (TUSD). Tether (USDT) is the most widely used stablecoin and is pegged to the U.S. dollar.

The top 5 stable coins in 2024 may vary depending on market conditions, but some of the most popular ones currently include Tether (USDT), USD Coin (USDC), Binance USD (BUSD), Dai (DAI), and TrueUSD (TUSD). Tether (USDT) is the most widely used stablecoin and is pegged to the U.S. dollar.

Tether, the issuer of the world's largest stablecoin (USDT), dominated March's $1 trillion trading volume with $716 billion. The issuer of the second-largest stablecoin (USDC), Circle, followed by $358 billion in trading volume during the same period.

Stablecoins may be pegged to a currency like the U.S. dollar or the price of a commodity such as gold. Stablecoins pursue price stability by maintaining reserve assets as collateral or through algorithmic formulas that are supposed to control supply.

USDC brands itself to be the world's safest stablecoin. According to its issuer, Circle, each USDC token is backed 100% by highly liquid cash and cash-equivalent assets.

BitUSD. The world's first stablecoin was released on July 21, 2014. As a crypto-backed stablecoin, BitUSD was issued on the BitShares blockchain, which is now mired in obscurity.

The choice between USDT and USDC comes down to your individual preferences and what aspects you value more. If you prefer a more widely adopted coin, USDT is the better option. If you prefer a more transparent and better-regulated coin, USDC is the better option.

DoC (Dollar on Chain) is a 100% bitcoin collateralized stablecoin with a 1:1 peg to the US Dollar. The DoC token falls into a collection of Money On Chain tokens, each providing different use cases on the RSK layer.

How many USD stablecoins are there? ›

How many stablecoins are there? There are approximately 200 stablecoins today. Some of the most popular examples include: Tether (USDT) is considered the world's first stablecoin and has the highest market cap of all its peers, sitting at just under $72.5 billion as of June 2022.

Which stable coin is most stable? In terms of maintaining their peg to the US dollar or other underlying assets, USDT, USDC, and FDUSD are often considered the most stable. These coins have demonstrated their ability to maintain their value close to $1 USD, backed by reserves or equivalent assets.

The biggest benefits relate to stability and liquidity. “Stablecoins often (though not always) have lower volatility than classic crypto assets like bitcoin and Ethereum, and so many users with a lower risk appetite may be attracted to them,” Kiely said.

Transfer Stablecoins to Fiat Gateway: Transfer the stablecoins from your exchange wallet to a platform that supports fiat currency withdrawals, such as a cryptocurrency exchange or a peer-to-peer trading platform.

Centralization: Stablecoins are often centralized, which means that they are controlled by a central authority. This centralization can be a disadvantage, as it can make stablecoins more vulnerable to manipulation and hacking.

While both USDT and USDC are popular options, the right stablecoin for you may vary based on what you're looking for. While USDT is the most popular stablecoin in the world, USDC may be a better choice for users who value transparency and regulatory compliance.

USDC is issued by Circle, a company in the private sector, while a CBDC would be issued by a government. While most CBDCs are only in the research phase, USDC exists today and is widely used by millions of people around the world.

If the company that issues Tether (USDT) collapses, the value of USDT will likely plummet, as we saw in May 2022 when TerraUSD (UST) collapsed and Tether briefly fell to $0.96 ¹. The value of USDT is pegged to the U.S. dollar and backed by Tether's dollar reserves ².