USD
USD-backed stablecoins: digital tokens pegged 1:1 to the US Dollar.
Top gainers this week
Top losers this week
Down 55 places this week, $USDM is losing steam
Up 42 places this week, $USDT is gaining ground
Up 38 places this week, $USAD is gaining ground
$STABLE · 6 gem score this week
$pUSD · 77 gem score this week
No longer among the leaders this week: $pUSD fell out of the top ranks
76 tokens rose and 70 fell this week
Up 51 places this month, $JupUSD is gaining ground
@radkoGovernance+3•16Can't wait for $BUIDL to actively trade on Uniswap $UNI
@panteoGovernance+3•13The noise around $USDe obscures its actual engineering. $ENA is tackling a core DeFi problem: generating sustainable, scalable, censorship-resistant yield on a synthetic dollar. They hedge derivatives to manage delta, a complex but potentially robust model.
Most fixate on the risks, ignoring the friction this solves for capital efficiency. Its long-term impact on stablecoin architecture is underestimated, currently mispriced.
@KingInTheNorthUSD•6$USDT is a gem!
The alpha and omega of stable coins- @KingInTheNorthUSD•3
I want to buy some $USDt but a quick question for all, will USDT go beyond $1?
Token | Price | 1d % ▲▼ | 1w % ▲▼ | 1m % ▲▼ | Market Cap ▲▼ | Volume 24h ▲▼ | Score ▲▼ | Category | Holders ▲▼ | Entropy ▲▼ | Mc/Rev ▲▼ |
|---|---|---|---|---|---|---|---|---|---|---|---|
United StablesU | $0.9993 | 0.0% | -0.0% | 0.0% | $1.27B | $55.32M | 53.47 | USD+1 | 68,513 | 0.1106 | – |
First Digital USDFDUSD | $0.9987 | 0.0% | -0.0% | 0.2% | $334.03M | $424,343 | 53.23 | 23,568 | 0.2418 | – | |
YUSDYUSD | $0.9958 | -0.3% | -0.4% | -0.2% | $34.94M | $66.56 | 53.01 | 398 | 0.3864 | – | |
apxUSDapxUSD | $0.9708 | -0.1% | 0.1% | 2.6% | $320.20M | $1.56M | 52.84 | 1,970 | 0.2384 | – | |
avUSDavUSD | $0.9986 | 0.0% | -0.0% | -0.1% | $128.31M | $288.31 | 51.78 | 1,074 | 0.1154 | – | |
Tether USD from EthereumUSDT | $0.9997 | -0.0% | -0.1% | 0.1% | $4.48M | $441,137 | 51.67 | USD+1 | 12,932 | 0.2432 | – |
Dialectic USDDUSD | $1.045 | -0.0% | 0.1% | 0.7% | $2.60M | $1 | 51.32 | 399 | 0.4189 | – | |
StandX DUSDDUSD | $0.9991 | 0.0% | -0.0% | 0.1% | $54.97M | $103,942 | 51.17 | 18,637 | 0.1955 | – | |
LydiaUSAD | $0.9955 | 0.0% | – | -0.5% | $3.38B | $3.932 | 50.23 | 20,925 | 0.5038 | – | |
HEXDC StablecoinHEXDC | $1.044 | -0.1% | 0.8% | -7.7% | $52,223 | $8,604 | 49.53 | 1,350 | 0.6583 | – | |
Axelar Wrapped USDCaxlUSDC | $0.9998 | -0.0% | -0.0% | 0.0% | $68,472 | $2,912 | 49.38 | USD+1 | 15,651 | 0.2789 | – |
Tether USDUSDT | $0.0008751 | – | – | 15.2% | $35.25M | $5,197 | 48.81 | 7,100 | 0.9888 | – | |
STABLESTABLE | $0.0287 | -2.8% | -0.6% | -10.1% | $20.36M | $2.45M | 48.43 | 8,096 | 0.1564 | – | |
BlackRock USD Institutional Digital Liquidity FundBUIDL | $1 | 0.0% | 0.0% | 0.0% | $0 | $0 | 47.9 | USD+1 | 58 | 0.6066 | 0 |
thUSDthUSD | $0.9994 | 0.0% | -0.0% | 0.1% | $106.66M | $10,008 | 47.86 | 200 | 0.2683 | – | |
Stables Labs USDXUSDX | $0.009074 | 3.6% | -9.3% | -0.4% | $6.18M | $0.000993 | 46.71 | 1,186 | 0.324 | – | |
USDuUSDu | $0.9996 | -0.0% | -0.0% | 0.2% | $44.50M | $53,574 | 46.7 | 14,954 | 0.0346 | – | |
TSD StablecoinTSD | $0.3197 | -0.6% | 0.2% | 2.7% | $8,375 | $38.97 | 46.59 | 1,353 | 0.4365 | – | |
msUSDmsUSD | $0.4883 | 3.3% | 23.5% | 47.0% | $36.46M | $1,040 | 45.88 | 528 | 0.08 | – | |
PXDC StablecoinPXDC | $0.9286 | -6.2% | -8.6% | -8.0% | $495,480 | $4,853 | 45.62 | 1,960 | 0.3687 | – | |
Falcon USDUSDf | $0.9962 | -0.0% | -0.1% | 0.0% | $1.34B | $16,058 | 45.24 | 1,243 | 0.3463 | – | |
Tether Bridged ZED20USDT.z | $0.0001851 | -13.7% | 1,291.7% | 1,269.1% | $97,394 | $22,284 | 44.57 | 3,886 | 0.3976 | – | |
UnitasUP | $0.4018 | -0.3% | -16.3% | 3.2% | $38.43M | $0 | 43.06 | USD+1 | 233 | 0.1037 | – |
Stables Labs USDXUSDX | $0.009074 | 3.6% | -9.3% | -0.4% | $6.18M | $0 | 42.92 | 161 | 0.3876 | – | |
AUSDausd | $0.1127 | 4.1% | -16.8% | -31.1% | $488,208 | $19,226 | 42.85 | 10,513 | 0.3391 | – |
Frequently asked questions
How has USD performed recently?
The USD stablecoin category shows mixed activity over the past 7 and 30 days. In the last 7 days, more tokens were down (76) than up (61) in breadth. Stables Labs USDX (USDX) on Arbitrum and Stables Labs USDX (USDX) on Ethereum were notable climbers, with rank changes of 52 and 44 respectively. Tether USD Bridged ZED20 (USDT.z) also climbed by 30 ranks, with a score increase of 194.6%. Polymarket USD (pUSD) reached the maximum score of 77.2416 and held a 6-day streak as the streak leader, also entering the top k. FxUSD (FXUSD) and apxUSD on Ethereum saw rank drops of 20 and 18 respectively. Over the last 30 days, the trend continued with more tokens down (84) than up (53). Jupiter USD (JupUSD) and Mountain Protocol (USDM) were among the top climbers, with rank changes of 51 and 43 respectively, and score increases of 41.5% and 80.5%. Polymarket USD (pUSD) also climbed by 41 ranks with a 9.6% score increase, and Tether USD (USDT) on Polygon climbed by 37 ranks with an 8.7% score increase. Dai Stablecoin (DAI) and USD Coin (USDC) on Solana were significant fallers, dropping 49 and 50 ranks respectively, with score decreases of 27.4% and 25.6%. Polymarket USD (pUSD) continued its streak as the leader for 6 days and was a top k entrant, alongside Tether USD (USDT) on Base. USD Coin (USDC) on Ethereum and USD Coin (USDC) on Solana were top k exits.
What are USD-backed stablecoins?
USD-backed stablecoins are a type of cryptocurrency designed to maintain a stable value by being pegged 1:1 to the US Dollar. For every stablecoin in circulation, there is typically an equivalent amount of USD held in reserve.
How do USD-backed stablecoins maintain their peg?
These stablecoins maintain their peg through reserves. Issuers hold an equivalent amount of US dollars (or cash equivalents) in audited bank accounts, which can be redeemed by stablecoin holders.
What are the primary uses of USD-backed stablecoins?
USD-backed stablecoins are widely used for trading, remittances, and as a safe haven during cryptocurrency market volatility. They offer the stability of the US dollar with the efficiency of blockchain technology.
Are USD-backed stablecoins regulated?
The regulatory landscape for USD-backed stablecoins is evolving across different jurisdictions. Some stablecoin issuers undergo regular audits and adhere to specific financial regulations to ensure transparency and stability of their reserves.
What are the risks associated with USD-backed stablecoins?
Risks include the potential for de-pegging if reserves are insufficient or mismanaged, regulatory uncertainty, and counterparty risk with the issuing entity. It's important to research the issuer's transparency and reserve auditing practices.