Crypto-Backed
Explore crypto-backed stablecoins: digital assets pegged to the value of other cryptocurrencies.
Top gainers this week
Top losers this week
$CRV has led the category 7 days running this week
$MIM +17 places this week
$HOPE +13 places this week
$sUSDD fell 17 places this week
Weakest this week: $MIM bottomed out at a 13 gem score
$CRV hit a gem score of 77 this week
36 tokens rose and 19 fell this week
Up 12 places this month, $FPIS is gaining ground
Token | Price | 1d % ▲▼ | 1w % ▲▼ | 1m % ▲▼ | Market Cap ▲▼ | Volume 24h ▲▼ | Score ▲▼ | Category | Holders ▲▼ | Holder Distribution ▲▼ | Mc/Rev ▲▼ |
|---|---|---|---|---|---|---|---|---|---|---|---|
Curve DAO TokenCRV | $0.334 | -2.2% | -14.6% | -4.9% | $810.96M | $810,814 | 76.62 | 102,438 | 0.368 | 42,702 | |
Dai TokenDAI | $1 | 0.0% | -0.0% | 0.0% | $31.10M | $330,540 | 75.72 | 199,709 | 0.4822 | – | |
Dai StablecoinDAI | $0.9999 | -0.0% | -0.0% | -0.0% | $4.54B | $9.26M | 75.23 | DeFi+1 | 707,708 | 0.4515 | – |
Dai StablecoinDAI | $0.001028 | -4.8% | -23.1% | -54.4% | $47.17M | $172,233 | 74.63 | USD+1 | 65,277 | 0.7578 | – |
Dai StablecoinDAI | $1 | 0.0% | 0.0% | 0.0% | $17.05M | $108,053 | 74.56 | 174,080 | 0.4102 | – | |
EthenaENA | $0.2075 | 0.4% | 5.8% | -23.7% | $996,225 | $661,238 | 74.42 | 2,862 | 0.6005 | – | |
(PoS) Dai StablecoinDAI | $0.9999 | -0.0% | -0.0% | -0.0% | $445.02M | $11.38M | 73.49 | 3.92M | 0.3469 | – | |
Dai StablecoinDAI | $1 | 0.0% | 0.0% | 0.0% | $1.95M | $47,735 | 73.31 | Bridged+1 | 439,754 | 0.3522 | – |
USDeUSDe | $0.9991 | 0.0% | -0.1% | -0.1% | $4.60B | $63,380 | 70.6 | 35,242 | 0.2864 | – | |
Dai StablecoinDAI.e | $1 | 0.0% | 0.0% | 0.0% | $9.30M | $6,176 | 69.55 | 42,614 | 0.3142 | – | |
Threshold thUSDT | $0.004712 | -1.5% | -2.5% | -19.6% | $53.97M | $19,631 | 68.83 | 9,982 | 0.335 | 1.12M | |
LUSD StablecoinLUSD | $0.9966 | -0.5% | -0.8% | -0.7% | $25.50M | $9,888 | 66.15 | 6,755 | 0.3809 | – | |
Gho TokenGHO | $0.9984 | 0.0% | 0.0% | -0.1% | $697.55M | $10,283 | 65.92 | 10,884 | 0.2907 | – | |
miMATICmiMATIC | $0.9939 | 0.0% | -0.1% | -0.2% | $11.85M | $2,787 | 65.38 | Lending+1 | 41,420 | 0.1323 | – |
Gho TokenGHO | $0.9984 | 0.0% | 0.0% | -0.1% | $698.19M | $2.58M | 64.97 | Lending+1 | 8,092 | 0.1938 | – |
Staked USDaisUSDai | $1.116 | 0.0% | 0.0% | 0.0% | $445.88M | $1.74M | 64.79 | 3,775 | 0.2883 | – | |
Alchemix USDalUSD | $0.9563 | 0.0% | 0.2% | 0.0% | $9.97M | $37,975 | 63.96 | 5,623 | 0.2077 | – | |
Curve.Fi USD StablecoincrvUSD | $0.9985 | 0.0% | -0.1% | -0.1% | $212.55M | $16,189 | 63.13 | 1,954 | 0.3697 | – | |
Dola USD StablecoinDOLA | $0.9968 | -0.0% | -0.0% | -0.0% | $74.77M | $214,706 | 62.82 | 2,007 | 0.2766 | – | |
FraxFRAX | $0.9902 | -0.1% | -0.1% | -0.3% | $219.31M | $2,623 | 62.66 | 9,319 | 0.2036 | – | |
AUSDAUSD | $0.9987 | 0.0% | -0.1% | -0.1% | $172.95M | $6.95M | 62.31 | 1,571 | 0.2852 | – | |
BOLD StablecoinBOLD | $0.9945 | -0.0% | -0.0% | -0.2% | $38.26M | $945,443 | 62.05 | 1,255 | 0.3066 | – | |
Dai Stablecoin from EthereumDAI | $0.9998 | -0.0% | -0.0% | 0.0% | $12.48M | $366,118 | 62.04 | 30,989 | 0.2216 | – | |
FraxFRAX | $0.9902 | -0.1% | -0.1% | -0.3% | $219.31M | $66.41 | 61.96 | DeFi+1 | 17,560 | 0.2498 | – |
USDL StablecoinUSDL | $0.9859 | -2.5% | -3.8% | -2.6% | $954,046 | $4,451 | 61.64 | Lending+1 | 5,594 | 0.6115 | – |
Frequently asked questions
How has Crypto-Backed performed recently?
The Crypto-Backed stablecoin category shows significant upward movement over the past 30 days, with 46 tokens climbing compared to 11 falling. DAI tokens, including DAI from Ethereum and Dai Stablecoin (on different chains), are prominent among climbers for both the 7-day and 30-day windows. Magic Internet Money (MIM) tokens also show strong upward momentum across various chains. Curve DAO Token (CRV) has maintained a 3-day streak as a leader in both periods. On the downside, Magic Internet Money (MIM) on the Optimism network and HOPE Collateral (HOPE) have been notable fallers over the 30-day period. Dai Stablecoin (on Arbitrum) and Dai Token (on BNB Smart Chain) entered the top K over 30 days, while Dai Stablecoin (on Ethereum) and another Dai Stablecoin (on Arbitrum) exited. The highest score in the category over both 7 and 30 days was held by Dai Stablecoin (on Celo), while XST consistently recorded the lowest score.
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.