Stablecoins are a class of cryptocurrencies designed to minimize price volatility by being pegged to a stable asset, such as a fiat currency like the U.S. Dollar or a commodity like gold. Unlike volatile cryptocurrencies such as Bitcoin or Ethereum, the primary goal of a stablecoin is to maintain a consistent value, making them a cornerstone of the cryptocurrency market. They serve as a reliable medium of exchange, a store of value, and a unit of account within the often-turbulent crypto ecosystem.

Traders use stablecoins extensively to move value between exchanges quickly, enter and exit positions without converting back to fiat, and hedge against market downturns. In decentralized finance (DeFi), stablecoins are essential for lending, borrowing, and yield farming. While most aim for a 1:1 peg with the dollar, minor deviations can occur due to market demand or concerns about the reserves backing them. This page lists top stablecoins, allowing you to track their prices, market caps, and performance. We use pagination to display 50 coins at a time for a fast user experience.

The total market size of stablecoins is a key indicator of the liquidity available in the cryptocurrency market. The dominance of specific stablecoins like USDT (Tether) and USDC (USD Coin) reflects their widespread integration and trust among traders and platforms. An expanding stablecoin supply often signals that new capital is entering the market, as investors convert fiat into stablecoins to prepare for trading. Conversely, a contraction can mean capital is exiting the crypto ecosystem. The relationship between stablecoin velocity and overall market trading volume is strong, as these assets facilitate the majority of transactions on exchanges and in DeFi.

While stablecoins are designed for stability, they are not without risk. Evaluating them properly is crucial for safety. The most important factor is the transparency and quality of the reserves backing the stablecoin. Fiat-backed stablecoins like USDT and USDC claim to hold an equivalent amount of fiat currency and other assets in reserve for every token issued. Look for regular audits and attestations from reputable accounting firms that verify these reserves exist.

Decentralized stablecoins, on the other hand, are often backed by other cryptocurrencies and maintain their peg through automated smart contract mechanisms. These can carry higher "de-pegging" risk if the value of their collateral drops suddenly. Always consider the issuer's credibility, the stablecoin's historical peg stability, and the regulatory environment. Past de-pegging events, where a stablecoin loses its $1 value, serve as important case studies on the risks involved.