Pegged to a currency
Stablecoins
A stablecoin promises one thing: that one token stays worth one dollar. What differs is who makes that promise and what stands behind it — short-term Treasuries, bank deposits, other crypto, or an arbitrage mechanism with no reserves at all.
The distinction matters most when it is tested. Fully reserved coins publish attestations and hold assets a custodian can be asked about. Crypto-collateralised coins over-collateralise and liquidate automatically. Synthetic coins hold a hedged position instead of reserves, which works until the hedge does not.
For anyone reading prediction markets, stablecoin supply is also a flow signal: it is the cash sitting on exchanges waiting to be deployed. Aggregate supply rising while prices are flat is a different market than supply falling into a rally.
8 coins
| # | Coin | Price | 24h | 7d | Market cap | 24h volume |
|---|---|---|---|---|---|---|
| 3 |  Tether USDtUSDT | $0.9989 | ▲ +0.0% | ▼ −0.0% | $183.5B | $56.7B |
| 6 |  USDCUSDC | $0.9999 | ▼ −0.0% | ▲ +0.0% | $72.4B | $13B |
| 19 |  Ethena USDeUSDE | $0.9996 | ▼ −0.0% | ▲ +0.0% | $4.68B | $18.8M |
| 22 |  DaiDAI | $0.9999 | ▲ +0.0% | ▲ +0.0% | $4.52B | $17.7M |
| 34 |  PayPal USDPYUSD | $0.9998 | ▲ +0.0% | ▼ −0.0% | $2.84B | $19.3M |
| 88 |  TrueUSDTUSD | $0.9986 | ▼ −0.0% | ▼ −0.0% | $493.8M | $17.6M |
| 108 |  First Digital USDFDUSD | $0.9972 | ▲ +0.0% | ▼ −0.0% | $305.1M | $199.7M |
| — | USDSUSDS | — | — | — | — | — |
Market data as of 41 min. ago