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Crypto-Backed

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


Tokens
46
Market cap
$13.03B
Avg gem score
67
24h volume
$59.56M
Up this week
43%

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
Dai StablecoinDAI
$0.9997
-0.0%
-0.0%
-0.0%
$4.63B
$17.07M
78.49
DeFi+1
649,820
0.5797
USDeUSDe
$0.9999
0.0%
0.0%
0.1%
$4.03B
$25,292
68.45
35,803
0.2196
Gho TokenGHO
$0.999
0.0%
0.1%
0.1%
$648.79M
$15,915
67.89
6,421
0.4513
Gho TokenGHO
$0.999
0.0%
0.1%
0.1%
$648.27M
$15,749
65.34
10,302
0.2492
Gho TokenGHO
$0.999
0.0%
0.1%
0.1%
$648.26M
$2.30M
67.02
7,579
0.2849
(PoS) Dai StablecoinDAI
$1
0.0%
0.0%
0.0%
$554.15M
$33.60M
66.89
3.49M
Staked USDaisUSDai
$1.099
-0.0%
0.1%
0.7%
$329.11M
$154,452
66.48
3,510
0.3785
FraxFRAX
$0.9897
-0.3%
-0.1%
-0.1%
$239.57M
$590.69
65.06
16,145
0.3164
FraxFRAX
$0.9897
-0.3%
-0.1%
-0.0%
$239.57M
$4,424
64.59
9,301
0.2798
Curve.Fi USD StablecoincrvUSD
$0.9995
-0.0%
-0.0%
0.0%
$210.09M
$117,470
66.34
1,220
0.5197
Savings UsddsUSDD
$1.057
-0.2%
0.7%
-0.1%
$209.09M
$133.98
57.74
684
0.4439
AUSDAUSD
$0.9998
-0.0%
-0.0%
-0.0%
$200.13M
$3.98M
63.01
911
0.37
Dai StablecoinDAI
$0.001846
4.9%
21.5%
21.3%
$81.18M
$183,117
81.5
USD+1
64,118
0.758
Dola USD StablecoinDOLA
$0.9958
-0.0%
-0.0%
-0.0%
$45.70M
$183,010
64.21
1,582
0.3555
Metronome Synth USDmsUSD
$0.9929
-0.1%
-0.2%
-0.3%
$44.34M
$56,792
63.48
2,431
0.2954
Threshold thUSDT
$0.003707
-0.5%
-13.4%
3.4%
$41.85M
$28,646
65.16
9,562
0.3965
9,893
Dai TokenDAI
$1
0.0%
-0.0%
0.0%
$31.10M
$142,893
71.27
204,622
0.1883
BOLD StablecoinBOLD
$1.001
0.0%
-0.0%
0.2%
$29.87M
$319,296
62.93
934
0.3617
LUSD StablecoinLUSD
$1.005
0.0%
-0.2%
0.0%
$27.40M
$918.14
62.08
6,838
0.2608
Dai StablecoinDAI
$1
-0.3%
0.1%
0.0%
$18.47M
$576,512
71.44
168,763
0.1963
Dai StablecoinDAI
$1
0.0%
0.0%
0.1%
$13.72M
$146,359
71.47
USD+1
111,440
0.1981
Synth sUSDsUSD
$0.2319
0.0%
0.0%
-1.2%
$12.52M
$0
53.28
14,335
0.3672
Dai Stablecoin from EthereumDAI
$1.005
-0.0%
0.7%
0.3%
$12.48M
$370,484
69.63
32,514
0.2216
miMATICmiMATIC
$0.9952
0.1%
-0.1%
0.6%
$11.92M
$10,348
63.13
42,575
Dai StablecoinDAI.e
$1
0.1%
-0.0%
0.1%
$11.18M
$8,256
64.22
7,707
0.2573

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.