Crypto-Backed
Discover decentralized stablecoins backed by crypto assets for flexible digital finance.
Top gainers this week
Top losers this week
4 days at the top this week: $DAI is dominating the category
$MIM fell 15 places this week
Down 14 places this week, $MIM is losing steam
$MIM · 16 gem score this week
$CRV hit a gem score of 77 this week
38 tokens rose and 17 fell this week
$HOPE climbed 11 places this month
Frequently asked questions
How has Crypto-Backed performed recently?
Over the past 7 days, the Crypto-Backed category showed balanced movement with 31 tokens up and 24 down, led by top climber Dai Stablecoin with a 103.0% score increase. Over the 30-day window, momentum broadened further with 47 up and only 8 down, featuring strong gains from Vesta Stable (VST) and Magic Internet Money (MIM) climbing 17 and 15 ranks respectively.
What is a crypto-backed stablecoin?
A crypto-backed stablecoin is a digital currency pegged to a stable value, such as the US dollar, but secured by cryptocurrency collateral rather than fiat currency in a traditional bank.
How do crypto-backed tokens maintain their peg?
They typically maintain their peg through over-collateralization, smart contracts, and automated liquidation mechanisms that manage risk during market volatility.
What are the main risks of crypto-backed stablecoins?
The primary risks include smart contract vulnerabilities, liquidation risk, and extreme market downturns that can depreciate the value of the underlying collateral.