Crypto-Backed
Explore crypto-backed stablecoins: digital assets pegged to the value of other cryptocurrencies.
Top gainers this week
Top losers this week
Up 5 places this week, $LUSD is gaining ground
$T climbed 4 places this week
Down 4 places this week, $MIM is losing steam
$VST -3 places this week
Down 3 places this week, $FRAX is losing steam
$DAI hit a gem score of 82 this week
Weakest this week: $MIM bottomed out at a 19 gem score
17 tokens rose and 35 fell this week
Token | Price | 1d % ▲▼ | 1w % ▲▼ | 1m % ▲▼ | Market Cap ▲▼ | Volume 24h ▲▼ | Score ▲▼ | Category | Holders ▲▼ | Entropy ▲▼ | Mc/Rev ▲▼ |
|---|---|---|---|---|---|---|---|---|---|---|---|
Magic Internet MoneyMIM | $0.0002168 | 0.0% | 51.4% | 51.4% | $216,846 | $0 | 18.97 | 30 | 0 | – | |
US Ripple ReserveUSRR | $0.00002564 | 0.0% | 508.4% | 508.4% | $25,643 | $0 | 19.74 | 10 | 0 | – | |
EthenaENA | $0.0002103 | 0.0% | 256.6% | 256.6% | $210,298 | $0 | 19.76 | Yield+1 | 17 | 0 | – |
US Bitcoin ReserveUSBITCOIN | $0.0001236 | 0.0% | 586.4% | 586.4% | $123,639 | $0 | 19.77 | 9 | 0 | – | |
MaiMai | $0.00008176 | -11.7% | – | – | $81,756 | $6,407 | 21.17 | 411 | 0 | – | |
HOPE CollateralHOPE | $0.5188 | 0.0% | 0.0% | 0.0% | $5.49M | $0 | 24.3 | Lending+1 | – | – | – |
Asymmetry USDafASF | $0.01028 | -0.5% | -8.0% | -18.7% | $164,309 | $16.97 | 25.59 | – | – | 0 | |
Pay DaiPayDai | $0.05223 | 0.0% | 361.3% | 361.3% | $223,352 | $0 | 25.99 | 178 | 0 | – | |
Frax FPIFPIS | $0.08412 | -1.4% | -4.2% | 1.8% | $2.48M | $51.14 | 28.88 | – | – | -25.18 | |
Magic Internet Money MIM | $0.05255 | 0.0% | 1,406.3% | 1,406.3% | $255,013 | $0 | 30.17 | 326 | 0 | – | |
AVAIAVAI | $0.4251 | 0.6% | -1.3% | -20.5% | $6,424 | $1.718 | 35.05 | 25 | 0 | – | |
Dai StablecoinDAI | $0.9999 | -0.0% | 0.0% | 0.0% | $124,602 | $0 | 35.11 | 21 | 0 | – | |
DAIDAI | $0.0001907 | 7.1% | – | – | $190,725 | $2,156 | 35.9 | 2,387 | 0.6435 | – | |
magic internet moneyMIM | $0.0001056 | 0.0% | 555.6% | 555.6% | $105,640 | $0 | 37.74 | 1,145 | 0.3269 | – | |
Magic Internet MoneyMIM | $0.0002593 | 0.0% | 529.3% | 529.3% | $259,280 | $0 | 37.97 | 1,404 | 0.3177 | – | |
Magic Internet MoneyMIM | $0.0001311 | 0.0% | 3,098.4% | 3,098.4% | $131,114 | $0 | 42.44 | 2,214 | 0.2989 | – | |
Magic Internet MoneyMIM | $0.1202 | 1.2% | -12.6% | -86.0% | $6.67M | $137.91 | 45.37 | 6,363 | 0.2698 | – | |
EthenaENA | $0.09232 | 6.5% | 10.6% | 1.7% | $222,495 | $7,451 | 49.09 | 252 | – | – | |
Magic Internet MoneyMIM | $0.1185 | -1.3% | -12.6% | -86.3% | $7.66M | $105 | 50.84 | 52,519 | 0.2174 | – | |
Magic Internet MoneyMIM | $0.1194 | 0.3% | -12.7% | -86.1% | $735,159 | $334.88 | 51.46 | 2,386 | 0.6255 | – | |
Magic Internet MoneyMIM | $0 | 0.0% | 0.0% | 0.0% | $0 | $0.07162 | 53.09 | 22,421 | 0.2299 | 0 | |
Synth sUSDsUSD | $0.2319 | 0.0% | 0.0% | -7.3% | $12.52M | $0 | 53.25 | 14,335 | 0.3672 | – | |
Savings UsddsUSDD | $1.06 | 0.8% | 0.9% | 0.2% | $214.01M | $5.008 | 55.26 | 684 | 0.4439 | – | |
Alchemix USDalUSD | $0.9398 | -0.0% | -2.0% | -1.6% | $10.02M | $395.65 | 61.36 | 4,167 | 0.3247 | – | |
Synth sUSDsUSD | $1 | 0.0% | 0.0% | 299.8% | $10.11M | $0 | 61.38 | 94,720 | 0.2009 | – |
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.