Crypto-Backed
Explore crypto-backed stablecoins: digital assets pegged to the value of other cryptocurrencies.
Top gainers this week
Top losers this week
$DAI · 3 days on top this week
$VST -4 places this week
$T climbed 3 places this week
Down 3 places this week, $MIM is losing steam
$DAI.e fell 3 places this week
$CRV · 0 gem score this week
$DAI hit a gem score of 82 this week
24 tokens rose and 39 fell this week
Token | Price | 1d % ▲▼ | 1w % ▲▼ | 1m % ▲▼ | Market Cap ▲▼ | Volume 24h ▲▼ | Score ▲▼ | Category | Holders ▲▼ | Entropy ▲▼ | Mc/Rev ▲▼ |
|---|---|---|---|---|---|---|---|---|---|---|---|
Gho TokenGHO | $0.999 | 0.0% | 0.0% | 0.1% | $648.82M | $761.27 | 66.18 | Lending+1 | 6,421 | 0.4513 | – |
Gho TokenGHO | $0.999 | 0.0% | 0.0% | 0.1% | $645.73M | $20,716 | 66.44 | 10,302 | 0.2492 | – | |
Curve.Fi USD StablecoincrvUSD | $0.9997 | 0.0% | 0.0% | 0.0% | $213.98M | $80,127 | 66.89 | 1,220 | 0.5197 | – | |
FraxFRAX | $0.9872 | 0.0% | -0.1% | -0.3% | $239.57M | $2,233 | 67.05 | DeFi+1 | 16,145 | 0.3164 | – |
Vesta StableVST | $1.004 | -0.0% | -0.5% | -4.6% | $76,400 | $0.6109 | 67.09 | 58,426 | 0.484 | – | |
Staked USDaisUSDai | $1.099 | 0.0% | 0.1% | 0.7% | $329.43M | $262,391 | 67.34 | 3,510 | 0.3785 | – | |
(PoS) Dai StablecoinDAI | $0.9997 | -0.0% | -0.0% | 0.0% | $561.33M | $43.47M | 67.75 | 3.49M | – | – | |
Gho TokenGHO | $0.999 | 0.0% | 0.0% | 0.1% | $648.60M | $665,724 | 67.89 | Lending+1 | 7,579 | 0.2849 | – |
USDeUSDe | $0.9998 | 0.0% | 0.0% | 0.2% | $4.04B | $57,749 | 70.02 | 35,803 | 0.2196 | – | |
Dai Stablecoin from EthereumDAI | $1.002 | 0.5% | 0.1% | 0.1% | $12.48M | $547,204 | 70.48 | 32,514 | 0.2216 | – | |
USDL StablecoinUSDL | $0.9883 | -0.1% | -1.2% | -0.5% | $1.27M | $20,664 | 71.23 | Lending+1 | 5,568 | 0.6116 | – |
Dai StablecoinDAI | $0.9998 | 0.1% | -0.0% | -0.0% | $13.72M | $47,451 | 71.5 | USD+1 | 111,440 | 0.1981 | – |
Dai StablecoinDAI | $0.9993 | -0.0% | 0.0% | -0.1% | $2.07M | $119,476 | 71.84 | Bridged+1 | 438,999 | 0.1772 | – |
Dai TokenDAI | $0.9998 | 0.0% | 0.0% | 0.0% | $31.10M | $534,901 | 72.13 | 204,622 | 0.1883 | – | |
Dai StablecoinDAI | $1 | 0.1% | -0.0% | 0.0% | $18.57M | $413,749 | 72.3 | 168,763 | 0.1963 | – | |
Dai StablecoinDAI | $1 | 0.0% | 0.0% | 0.0% | $4.64B | $8.63M | 79.36 | DeFi+1 | 649,820 | 0.5797 | – |
Dai StablecoinDAI | $0.001827 | -0.9% | 6.3% | 20.0% | $82.42M | $185,880 | 82.37 | USD+1 | 62,849 | 0.7586 | – |
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.