Stablecoins are tokens engineered to hold a steady value, usually one US dollar. They are crypto’s plumbing: traders park in them between positions, businesses settle cross-border payments with them, and DeFi runs on them as its base unit of account.
This page ranks stablecoins by live market capitalization — which for this sector equals circulating supply. Market cap here measures adoption, not investment upside: a stablecoin’s price should always stay near its peg.
Category Market Cap…
24h Volume…
24h Change…
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Top Stablecoins Coins by Market Cap
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What to Know About Stablecoins
How pegs are maintained. Fiat-backed coins (USDT, USDC) hold reserves in cash and treasuries; crypto-backed coins (DAI) use over-collateralization; algorithmic designs use incentives. The reserve model matters most — read attestations, not marketing.
The depeg column. For stablecoins, the 24h change should be near zero. A persistent deviation from $1.00 is the single most important warning signal in this table.
Frequently Asked Questions
What is a stablecoin?
A stablecoin is a cryptocurrency designed to keep a fixed value, typically $1.00, backed by reserves, collateral or algorithms. It’s used for trading, payments and as DeFi’s base currency.
What is the largest stablecoin?
Tether (USDT) is the largest stablecoin by market cap, followed by USDC. The live table above shows the current ranking and circulating supply.
Can stablecoins lose their peg?
Yes. Even major stablecoins have briefly depegged during banking crises or liquidity panics, and algorithmic stablecoins like UST have collapsed entirely. Diversification across issuers reduces this risk.
Why would I hold stablecoins?
Common uses: parking funds between trades, moving money across exchanges or borders quickly, and earning yield in DeFi. They remove crypto volatility but add issuer and regulatory risk.
Disclaimer. Cryptocurrency prices are volatile and this page is provided for informational purposes only — it is not investment advice. Always do your own research. See our Risk Disclaimer and Affiliate Disclosure.