Stablecoin
Explore reliable stablecoins pegged to fiat, crypto, commodities, and algorithms for digital asset trading.
Top gainers this week
Top losers this week
$ENA has led the category 7 days running this week
$USDC +140 places this week
$PAXG climbed 112 places this week
$FRAX +107 places this week
A standout this week: $ENA reached a gem score of 79
203 tokens rose and 112 fell this week
Up 174 places this month, $USDT.z is gaining ground
@radkoGovernance+3•18Can'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- @panteoAsset-Backed+2•4
$PAXG presents a compelling thesis. It digitizes physical gold. This resolves persistent friction in traditional asset markets. Physical gold is slow and cumbersome. $PAXG offers instant, verifiable, fractional ownership on-chain. Not mere speculation. This is foundational infrastructure. Institutions will embrace this efficiency. The market still misprices this critical bridge to real-world assets.
Frequently asked questions
How has Stablecoin performed recently?
The Stablecoin category shows varied activity across the observed periods. Over the last 7 days, 231 tokens experienced an upward trend, while 81 moved downwards. Ethena (ENA) demonstrated strong momentum, leading with a 7-day streak and holding the highest score at 79.5912. Significant climbers include Wrapped UST Token (UST) with a 114.8% score increase and Magic Internet Money (MIM) up by 117.7%. Conversely, Mountain Protocol (USDM) experienced a notable decline, with its Arbitrum and Optimism deployments falling by -46.8% and -42.1% respectively. Looking at the 30-day window, the bullish sentiment continued, with 260 tokens seeing an upward trend against 52 downwards. Ethena (ENA) maintained its dominant position, extending its streak to 30 days and reaching a slightly higher score of 79.6329. Tether USD Bridged ZED20 (USDT.z) on Binance Smart Chain emerged as a strong 30-day climber with a 225.5% score increase. Fallers over 30 days included Savings Usdd (sUSDD) down by -53.6% and Stables Labs USDX (USDX) on Arbitrum, which fell by -48.9%. New entrants into the top K over 30 days included Paxos Gold (PAXG) and USD Coin (USDC).
What is a stablecoin?
A stablecoin is a cryptocurrency designed to maintain a stable value relative to a specific reference asset, such as a fiat currency like the US dollar.
What are the different types of stablecoins?
Stablecoins are generally categorized by their backing mechanism, including fiat-backed, crypto-backed, commodity-backed, algorithmic, and yield-bearing models.
How do fiat-backed stablecoins maintain their peg?
Fiat-backed stablecoins maintain their peg by holding reserves of traditional fiat currency or cash equivalents equal to the total circulating supply of the token.