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?
Over the past 7 days, the Stablecoin category showed positive momentum with 203 tokens advancing compared to 112 declining. Ethena USDtb (ENA) led the streak with 7 consecutive days of leadership, recording a score of 79.424. Notable climbers over this period included USD Coin (USDC) on chain 0x171, which jumped 140 ranks with a 134.4% score increase. Looking across the 30-day window, market breadth remained strong with 270 tokens moving up against 45 down. Ethena USDtb (ENA) maintained its streak leadership for 30 days with a score of 79.5912, while Tether USD Bridged ZED20 (USDT.z) climbed 174 ranks and saw a 218.2% score percentage increase.
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.