Crypto-Backed
Explore crypto-backed stablecoins: digital assets pegged to the value of other cryptocurrencies.
Top gainers this week
Top losers this week
$DAI · 7 days on top this week
$USDL broke into the top ranks this week
$USDL +4 places this week
$DAI.e fell 4 places this week
Up 1203.2% this week, $USDI is gaining ground
$CRV · 0 gem score this week
$DAI hit a gem score of 83 this week
54 tokens rose and 9 fell this week
Token | Price | 1d % ▲▼ | 1w % ▲▼ | 1m % ▲▼ | Market Cap ▲▼ | Volume 24h ▲▼ | Score ▲▼ | Category | Holders ▲▼ | Entropy ▲▼ | Mc/Rev ▲▼ |
|---|---|---|---|---|---|---|---|---|---|---|---|
Dai StablecoinDAI | $0.001943 | 0.2% | 6.3% | 27.6% | $86.54M | $395,626 | 83.05 | USD+1 | 63,852 | 0.7581 | – |
Dai StablecoinDAI | $0.9998 | 0.0% | -0.0% | 0.0% | $4.60B | $10.11M | 79.6 | DeFi+1 | 649,820 | 0.5797 | – |
Dai StablecoinDAI | $0.9996 | -0.0% | -0.0% | 0.1% | $18.57M | $264,698 | 72.54 | 168,763 | 0.1963 | – | |
USDL StablecoinUSDL | $0.9956 | 1.7% | -0.7% | 0.3% | $1.27M | $66,054 | 72.42 | Lending+1 | 5,568 | 0.6116 | – |
Dai TokenDAI | $0.9996 | 0.0% | -0.0% | -0.0% | $31.10M | $324,628 | 72.37 | 204,622 | 0.1883 | – | |
Dai StablecoinDAI | $0.9972 | -0.1% | -0.3% | -0.3% | $2.07M | $239,978 | 72.12 | Bridged+1 | 438,999 | 0.1772 | – |
Dai StablecoinDAI | $0.9989 | -0.1% | -0.3% | -0.0% | $13.72M | $52,385 | 71.73 | USD+1 | 111,440 | 0.1981 | – |
Vesta StableVST | $1.009 | 0.1% | 0.0% | -4.2% | $76,361 | $134.58 | 71.1 | 58,426 | 0.484 | – | |
Dai Stablecoin from EthereumDAI | $1.002 | 1.3% | 0.1% | 0.0% | $12.48M | $1.85M | 70.73 | 32,514 | 0.2216 | – | |
USDeUSDe | $0.9998 | -0.0% | -0.0% | 0.2% | $3.97B | $68,061 | 70.32 | 35,803 | 0.2196 | – | |
Gho TokenGHO | $0.9987 | -0.0% | -0.0% | 0.1% | $648.79M | $424,285 | 68.13 | Lending+1 | 7,579 | 0.2849 | – |
(PoS) Dai StablecoinDAI | $0.9994 | -0.0% | -0.0% | -0.0% | $556.61M | $31.87M | 67.99 | 3.49M | – | – | |
Staked USDaisUSDai | $1.1 | 0.0% | 0.1% | 0.7% | $329.48M | $305,057 | 67.62 | 3,510 | 0.3785 | – | |
FraxFRAX | $0.9923 | 0.1% | 0.1% | 0.2% | $221.82M | $2,239 | 67.27 | DeFi+1 | 16,145 | 0.3164 | – |
Curve.Fi USD StablecoincrvUSD | $0.9991 | -0.0% | -0.1% | -0.0% | $211.81M | $103,015 | 67.26 | 1,220 | 0.5197 | – | |
Gho TokenGHO | $0.9987 | -0.0% | -0.0% | 0.1% | $648.07M | $37,824 | 67.12 | 10,302 | 0.2492 | – | |
Gho TokenGHO | $0.9987 | -0.0% | -0.0% | 0.1% | $648.11M | $1,798 | 67.1 | Lending+1 | 6,421 | 0.4513 | – |
Threshold thUSDT | $0.003536 | 2.2% | -4.4% | 2.8% | $37.97M | $59,698 | 66.71 | 9,611 | 0.3962 | 8,976 | |
Alchemix USDalUSD | $0.9291 | 0.2% | -1.2% | -3.0% | $9.88M | $130,660 | 66.35 | 5,201 | 0.2691 | – | |
miMATICmiMATIC | $0.9755 | 0.0% | -2.1% | -1.6% | $11.65M | $257,934 | 66.28 | Lending+1 | 42,575 | – | – |
FraxFRAX | $0.9923 | 0.1% | 0.1% | 0.4% | $221.82M | $4,814 | 65.73 | 9,301 | 0.2798 | – | |
Dola USD StablecoinDOLA | $0.9962 | 0.0% | 0.0% | 0.1% | $45.92M | $308,045 | 65.35 | 1,582 | 0.3555 | – | |
Metronome Synth USDmsUSD | $0.9837 | -0.0% | -1.1% | -1.2% | $42.63M | $73,282 | 64.68 | 2,431 | 0.2954 | – | |
Dai StablecoinDAI.e | $0.9965 | 0.0% | -0.3% | -0.4% | $11.13M | $4,313 | 64.66 | 7,707 | 0.2573 | – | |
AUSDAUSD | $0.9999 | -0.0% | 0.0% | 0.0% | $209.00M | $22.23M | 64.13 | 911 | 0.37 | – |
Frequently asked questions
How has Crypto-Backed performed recently?
The crypto-backed stablecoin category shows consistent activity over both 7-day and 30-day windows, with 54 tokens experiencing an uptrend and 9 seeing a downtrend. Dai Stablecoin (DAI) holds the top score extreme at 82.8491 and has led the streak for 7 days in the short-term, extending to 8 days in the longer 30-day period. USDI is a notable climber in both periods, experiencing a significant score percentage increase of 1203.2%. Other climbers include USDL Stablecoin (USDL), Pulse Dai (PAI), and Alchemix USD (alUSD). Conversely, Dai Stablecoin (DAI.e), Mai, Magic Internet Money (MIM), and miMATIC are among the fallers in both windows.
What are crypto-backed stablecoins?
Crypto-backed stablecoins are a type of stablecoin whose value is pegged to another cryptocurrency, often over-collateralized to maintain stability.
How do crypto-backed stablecoins maintain their peg?
They maintain their peg through over-collateralization with other cryptocurrencies, often managed by smart contracts that facilitate the minting and burning of tokens to maintain a stable value relative to their target asset.
What are the risks associated with crypto-backed stablecoins?
Risks include the volatility of the underlying collateral, smart contract vulnerabilities, and potential for liquidation if the collateral value drops significantly.
How do crypto-backed stablecoins differ from fiat-backed stablecoins?
Crypto-backed stablecoins are collateralized by other cryptocurrencies, whereas fiat-backed stablecoins are backed by traditional currencies held in reserves by financial institutions.