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Crypto-Backed

Explore crypto-backed stablecoins: digital assets pegged to the value of other cryptocurrencies.


Tokens
48
Market cap
$13.01B
Avg gem score
68
24h volume
$61.23M
Up this week
39%

Top gainers this week

Magic Internet Money

$MIM3,098.4%

Related

DeFiGovernanceStablecoinWrapped
Signals
Dai Stablecoin
Pulse
📰News— Dai Stablecoin

$DAI hit a gem score of 82 this week


Mai
Binance Smart Chain
📰News— Mai

$Mai · 24 gem score this week

Stablecoin
Token
Price
1d %
1w %
1m %
Market Cap
Volume 24h
Score
Category
Holders
Entropy
Mc/Rev
(PoS) Dai StablecoinDAI
$0.9998
-0.0%
0.0%
-0.0%
$554.15M
$33.60M
67.56
Governance+1
3.49M
Dai StablecoinDAI
$0.9997
-0.0%
-0.0%
-0.0%
$4.63B
$17.07M
79.16
649,820
0.5797
Dai StablecoinDAI
$0.9998
-0.1%
0.0%
0.0%
$2.07M
$38,623
70.68
438,999
0.1772
Dai TokenDAI
$1.001
0.1%
0.0%
0.1%
$31.10M
$142,893
71.94
204,622
0.1883
Dai StablecoinDAI
$0.9998
-0.3%
0.0%
-0.0%
$18.47M
$576,512
72.11
168,763
0.1963
Dai StablecoinDAI
$0.9998
-0.0%
-0.0%
0.1%
$13.72M
$146,359
72.14
USD+1
111,440
0.1981
Synth sUSDsUSD
$1
0.0%
0.0%
326.1%
$10.11M
$0
62.13
94,720
0.2009
Dai StablecoinDAI
$0.001815
3.1%
19.4%
19.2%
$80.57M
$183,117
82.1
USD+1
64,111
0.758
Vesta StableVST
$1.006
-0.2%
-0.2%
-4.4%
$76,431
$2.093
67.45
58,426
0.484
Magic Internet MoneyMIM
$0.1194
-0.3%
-8.1%
-86.3%
$7.81M
$1,413
53.35
52,519
0.2174
miMATICmiMATIC
$0.9957
0.1%
-0.0%
0.7%
$11.92M
$10,348
63.8
42,575
USDeUSDe
$0.9998
0.0%
-0.0%
0.1%
$4.03B
$25,292
69.11
35,803
0.2196
Dai Stablecoin from EthereumDAI
$0.9947
-1.0%
-0.3%
-0.7%
$12.48M
$370,484
70.23
32,514
0.2216
Magic Internet MoneyMIM
$0
0.0%
0.0%
0.0%
$0
$0.08421
53.57
22,421
0.2299
0
FraxFRAX
$0.9896
-0.3%
-0.1%
-0.1%
$239.57M
$590.69
65.73
16,145
0.3164
Synth sUSDsUSD
$0.2319
0.0%
0.0%
-1.2%
$12.52M
$0
53.79
14,335
0.3672
Gho TokenGHO
$0.9989
0.0%
0.1%
0.1%
$648.27M
$15,749
66
10,302
0.2492
Threshold thUSDT
$0.003707
-0.5%
-13.4%
3.4%
$41.85M
$28,646
65.75
9,562
0.3965
9,893
FraxFRAX
$0.9896
-0.3%
-0.1%
-0.1%
$239.57M
$4,424
65.26
9,301
0.2798
Dai StablecoinDAI.e
$0.9993
-0.0%
-0.1%
0.0%
$11.18M
$8,256
64.89
7,707
0.2573
Gho TokenGHO
$0.9989
0.0%
0.1%
0.1%
$648.26M
$2.30M
67.68
7,579
0.2849
LUSD StablecoinLUSD
$1.005
0.1%
-0.1%
0.1%
$27.47M
$918.14
62.75
6,838
0.2608
Gho TokenGHO
$0.9989
0.0%
0.1%
0.1%
$648.79M
$15,915
68.56
6,421
0.4513
Magic Internet MoneyMIM
$0.1188
-13.7%
-7.2%
-86.5%
$6.55M
$1,688
47.61
6,363
0.2698
USDL StablecoinUSDL
$0.9959
-0.7%
0.0%
0.3%
$1.26M
$18,651
70.98
5,568
0.6116

Frequently asked questions

How has Crypto-Backed performed recently?

The Crypto-Backed category has been quiet over both the 7-day and 30-day periods, with no tokens experiencing upward or downward breadth, and no significant climbers, fallers, or score extremes.

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.