Crypto Lists gives you a complete guide and real time prices, along with everything you need to know about stablecoins. You will find details on what distinguishes the different coins and how you can use stablecoins. Of course, there is also a top list of all the world’s reasonably credible stable coins as well as one of those that are ranked best in the world, with the highest yield when doing staking. Initially, you might want to learn what a stablecoin really is, which ones have the highest market cap and daily turnover, followed by where you can buy them and which ones offer the best yearly staking yield.
But first – enjoy the top list below and click on a favourite stablecoin to learn more.
The world’s best stablecoins in crypto
This is the top list with stablecoins. There may be restrictions what people in the your geographic region are allowed to do when it comes to crypto currencies and stable coins or tokens. So make sure that you read up on the regulatory restrictions as well as the terms and conditions for each crypto exchange and consider what is allowed or not allowed. Crypto is extremely volatile and not suitable for everyone to invest in. Never speculate with money that you cannot afford to loose.
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- 1 The world’s best stablecoins in crypto
What is a stablecoin?
A stablecoin is a specific type of cryptocurrency whose value is pegged to another asset – preferably a common fiat currency, a commodity (such as gold or an industrial metal) or a conventional cryptocurrency. The assets to which stablecoins are linked are often significantly less volatile and thus more stable in terms of value than ordinary cryptocurrencies (of course, with the exception of those linked to cryptocurrencies). This can also be said to be the whole purpose of stablecoins and the main reason why they came about – that is, to offer a slightly more stable alternative than pure cryptocurrencies.
The majority of the stablecoins available today are pegged to a traditional fiat currency. Most represented is undeniably USD, but there are also a few stablecoins that are pegged to either the euro, yen or GBP. When it comes to commodities, there are several stablecoins tied to gold or silver.
The fact that the value of a stable coin is linked to another asset – for example the euro or the US dollar – means that there is always has a relatively fixed equivalent value in the asset to which it is tied. For the sake of simplicity, a stablecoin usually corresponds to one (1) euro or one (1) dollar – alternatively a fixed value in another asset – depending on which currency the coin is pegged against.
For those who invest in stablecoins, this is of course a significant difference compared to more high-profile cryptocurrencies such as Bitcoin or Ethereum. Ordinary currencies such as USD or EUR can certainly weaken in price against each other, but not close to as much as is normal for real cryptocurrencies. An investment in stablecoins can thus be said to be a safer or at least less risky investment than one in conventional crypto. It is also often used as a temporary custodian during volatile periods in the crypto market or as a safe heaven before investing in another coin.
Which are the market’s largest stable coins?
Tether (USDT): Tether is not only the world’s largest stablecoin but also the world’s first. The currency entered the market in 2014 and has since become the one with by far the highest turnover of all stablecoins. Despite its size, the USDT is not a favorite among regulators. The security is not top notch because the reserves that are to back up the value of the currency are really motley. Here are both treasury bills and corporate bonds such as cash and other types of assets. Granted, the risk is higher with USDT than with some other stack coins, but as the high turnover makes it suitable for trading, its popularity continues to grow.
Binance USD (BUSD): The Binance Group’s own currency is the basis for the world’s largest crypto exchange of the same name. A stablecoin that is and has been both strong and stable throughout. BUSD is, as the name reveals, tied to USD, where 1 BUSD equals 1 USD. Learn more about BUSD here.
USD Coin (USDC): One of Crypto List’s favourite among stablecoins. USDC, like USDT, is pegged to the US dollar, but unlike Tether, USDC is more secure. The value is backed up 100% by cash. USD Coin is an Ethereum-based token backed by both Coinbase and CENTRAL. The value of 1 USDC always corresponds to 1 USD. Discover about USDC here.
PAX Gold (PAXG): Ethereum-based stablecoin whose value is pegged to gold. Interesting alternative for you who are interested in stablecoins linked to other types of assets than fiat currencies. PAX Gold can be described as a digital way to own gold in the form of cryptocurrency. A PAXG equals the value of one troy ounce of gold. Find out more about PAXG here.
Tether EUR (EURT): A euro denominated stablecoin created in the Tether Network, just like the sister currency USDT. The value of 1 EURT always corresponds to 1 ordinary EUR. Like USDT, EURT is backed by several different types of assets – not just cash – making it a bit more risky than a few other stablecoins which are 100% backed by cash.
TerraUSD (UST) – Decentralized stablecoin whose value is not backed by cash at the bank. To coin a UST, the value of 1 USD in the LUNA currency must be burned instead. In other words, a rather unusual stablecoin, which, however, is the largest on the terra chain.
GYEN: One of the few stablecoins with the value linked to the JPY instead of the Euro or the US Dollar. GYEN is a product of the company GMO-Z.com Trust Company, who claim that they have Yen-based cash assets that fully back up the value of their stablecoin.
PaxDollar (USDP): USDP has been around since 2018 when it was launched on the market by creators Rich Teo and Charles Cascarilla. Like many other stack coins, USDP is a token created on Ethereum’s network. The issuer of the currency claims that 100% money reserves are in USD.
Dai (DAI): Dai is also a decentralized stable coin based on smart contracts on Ethereum’s network. The value of Dai is instead backed by security in assets on the MakerDAO platform.
TrueUSD (TUSD): ERC-20 token created on Ethereum’s network. TrueUSD was the first cryptocurrency to be backed full of physical assets in USD. One TUSD equals one regular USD.
Binance GBP (BGBP): Wondering if there is a stable coin for the pound? Yes, there is actually an alternative through Binance called Binance GBP Stable Coin with the abbreviation BGBP. You can trade it by creating an account with Binance.
Have you got a top list of all stablecoins in the world?
Of course! Below is a complete list of the most credible stablecoins linked to currencies on the market right now. In addition to these, there are also a number of smaller coins linked to assets such as gold, silver and other commodities. CryptoLists.com might exclude some of the less trusted or rather new stablecoins, that we need to do more research about before showing them to our audience. Here are the 68 best right now.
2. USD Coin
3. Binance USD
5. TerraUSD (UST)
8. Tether Gold
9. Gemini Dollar
11. Terra KRW (KRT)
14. Stasis EURS
15. Neutrino Dollar
16. Rupiah Token
18. Egora Dollar
26. White Standard
27. Binance GBP
39. Fei USD
40. Terra EUT (EUT)
41. AUD stablecoin from Terra (AUT)
42. CAD stablecoin from Terra (CAT)
43. SEK stablecoin from Terra (SET)
44. JPY stablecoin from Terra (JPT)
45. INR stablecoin from Terra (IDT)
46. THB stablecoin from Terra (THT)
47. PHP stablecoin from Terra (PHT)
48. CNT stablecoin from Terra (CNY)
49. GBP stablecoin from Terra (GBT)
50. HKD stablecoin from Terra (HKT)
51. Silverlink token (LKNS)
52. Celo Dollar (CUSD)
53. Origin Dollar (OUSD)
54. Gold Coin (GLC)
55. Perth Mint Gold Token (PMGT)
56. Steem Dollar (SBD)
57. Liquid USD (LUSD)
58. Tribe (TRIBE)
59. xDollar Stablecoin (XUSD)
60. USDX Kava (USDX)
61. StableUSD (USDS)
62. DigixGlobal (DGX)
63. Alchemix USD (ALUSD)
64. XSGD (XSGD)
65. CryptoFranc (XCHF)
66. Digix Gold Token (DGX)
67. Rupiah Token (IDRT)
68. Reserve Rights
69. Pax Gold (PAXG)
70. Euro Tether (EURT)
Which is the market’s best stablecoin?
In the end, it all depends on your purpose. Are you planning to have it as a store of value for a short period of time? Is it simply because many crypto pairs are denominated in stablecoins such as USDT that you keep it? Are you planning to move the asset to another blockchain? There are many different possible purposes and there are also many great alternatives among the stablecoins above.
Risk factors with stablecoins
Often seen as the risk averse optimal mix between fiat and crypto, stablecoins aims to provide sought after privacy, while having minimal fluctuation towards their pegged assets. Still, since regulation is limited in the world of stablecoins, the risk of potential regulation should not be forgotten when investing in this type of crypto assets. When comparing to minor cryptocurrencies, stablecoins obviously have lower risk. But it’s still crucial to understand that all stablecoins got a few different type of risks involved. In comparison to other cryptocurrencies, stablecoins are indeed low-risk. Still, it’s important to note that every stablecoin bears some of the typical crypto risks along with stablecoin-specific risks.
Below are six of the major risks:
+Exchange rate risk.
Why use a stablecoin?
Stablecoins are a perfect golden mean when you want to access all the benefits associated with cryptocurrencies – such as lightning-fast and cheap transactions around the clock, seven days a week – but without the extreme volatility and uncertainty that also follows. As an investor, you also get a sense of security in the knowledge that the value of your stablecoin always has a fixed equivalent value in another asset. It can also be a way to keep your money in crypto, without having to take it out, during volatile periods.
Furthermore, stablecoins were also launched on the market to reduce the distance between traditional currencies and regular cryptocurrencies. With stablecoins, the crypto market will be available to more people as there is no requirement for an already existing holding in volatile cryptocurrencies.
What do people care about when selecting crypto stablecoins?
There are many factors to consider when selecting a specific stablecoin. The purpose that many users are looking for is to mimic a safe fiat currency. In most cases, we’re talking about the USD which is the major safe heaven currency. But an increasing amount of europeans prefer to have stablecoins denominated in Euro. Here are the major factors to consider:
+Trading volume: Liquidity is a factor for any financial instrument or crypto asset. Without a decent trading volume, a stablecoin is not so hot. The top alternatives when it comes to trading volumes are usually Tether (USDT), USD Coin (USDC) and TerraUSD (UST).
+Market capitalization: One of the major factors that crypto investors and speculators look at is the market capitalization or “market cap” as it’s often called. Stablecoins with low market cap might have bigger potential, but are usually more risky as well. USDT, USDC, UST and BUSD are usually the top 4 stablecoins when measuring from a market capitalization perspective.
+Market volatility: The whole reasons for going into stablecoins is to minimize the volatility. People are looking for price stability and tend to select coins that shown stability over time.
+Transaction fees: While Tether (USDT) and USD Coin are two of the most expensive in terms of transfer fees (up to $25-30) because of the Ethereum blockchain, it should be noted that you can use Tron blockchain (TRX) in order to get way lower transaction costs with Tether, or Arbitrum blockchain. Make sure that both the receiving and sending account support the blockchain you intend to use. Among the stablecoins with lowest transaction fees, UST takes the lead with below 0.01 USD in average for a transaction, followed by Binance USD (BUSD) where the fees tend to be below 0.1 BUSD per transaction.
+Transaction time: Most stablecoin transactions are rather fast, but UST tend to be among the quickest, BUSD the second fastest while USDT and USDC usually takes quite a few seconds more.
+Store of value: People use stablecoins in hope that they characterise store of value, but since most are USD denominated, there is always an exchange rate risk – especially now when the USD is among the strongest that it’s been in 5 years against the Euro. If the exchange rate for USD vs EUR decrease with 20%, the store of value is far from optimal. Less than one and half years ago, one Euro would cost 1.23 USD and today, only 1.06 is required. So be aware of the exchange rate risk and try to have a diversified portfolio in order to minimise risks.