Stablecoins
Stablecoins are tokens designed to hold a constant value (usually $1) so they can serve as on-chain dollar-equivalents for trading and payments. Tokenpedia tracks 63 assets in this category.
Stablecoins solve the missing-dollar problem on a public blockchain. Three architectures dominate: fiat-backed (USDT, USDC, PYUSD, backed 1:1 by reserves at a regulated custodian), crypto-backed (DAI, mostly backed by USDC and ETH), and yield-bearing (USDe, sUSDS, designed to pass interest through to holders).
Stablecoins are by far the most-used product on every major chain. They settle most spot trading volume, most cross-border payment rails, and serve as the on-chain unit of account. The questions to ask about a stablecoin are reserve quality (cash and treasuries beat commercial paper), regulatory standing (PYUSD has a US license; Tether does not), and depegging risk under stress (UST collapsed in 2022; algorithmic models have struggled since).
Yield-bearing stablecoins are the fastest-growing sub-category since 2024, driven by demand for on-chain real-yield exposure that doesn't require active management.
Decentralized stablecoin
Decentralized lending platform
USD1 is a stablecoin launched within the World Liberty Financial (WLFI) ecosystem, designed to facilitate seamless trans…
ETH based delta-neutral stablecoin
DAI is a decentralized, multi-collateral stablecoin that aims to maintain a one-to-one value relative to the U.S. dollar…
PayPal USD (PYUSD) is a US dollar-denominated stablecoin designed to bridge traditional finance with blockchain technolo…
Ripple USD (RLUSD) is a USD-denominated stablecoin issued by Standard Custody & Trust Company, LLC, a subsidiary of Ripp…
Universal collateralization infrastructure
USDD is a decentralized stablecoin pegged 1:1 to the US dollar, managed by the TRON DAO Reserve. It is designed to offer…
United Stables (U) is a USD-pegged stablecoin operating on the BNB Chain (formerly Binance Smart Chain). It is designed…
GHO is a decentralized, overcollateralized stablecoin native to the Aave Protocol and pegged to the U.S. dollar. It is f…
USD0 is a decentralized stablecoin issued by Usual, fully backed 1:1 by Real-World Assets (RWA) such as US Treasury Bill…
YLDS is an SEC-registered, USD-pegged yield-bearing stablecoin issued by Figure Certificate Corp (FCC), a subsidiary of…
Fully collateralized neodollar
Stablecoin project
EURC is a euro-backed stablecoin issued by Circle under the same full-reserve model as USD Coin (USDC). It is a MiCA-com…
Crypto financial institution
FRAX is a fractional-algorithmic stablecoin designed to maintain a peg to the US Dollar. It is the first stablecoin to u…
AUSD is a digital dollar minted 1:1 with USD fiat, designed as an institutional-grade, secure, and gas-optimized stablec…
Frax USD (frxUSD) is a fiat-redeemable, fully-collateralized stablecoin issued by the Frax Finance Protocol. It operates…
USDF is a yield-bearing stablecoin issued by Aster, a decentralized perpetual exchange. It is designed to be convertible…
Perpetual DEX
xDAI is a stablecoin designed to maintain a 1:1 price peg with the US Dollar, primarily serving as the native utility an…
lisUSD (formerly HAY) is a decentralized, over-collateralized stablecoin (or "destablecoin") native to the Lista DAO (fo…
Euro stablecoin
FIDD is a stablecoin pegged 1:1 to the U.S. dollar, issued by Fidelity Digital Assets, National Association, a subsidiar…
USDKG is a 1:1 USD-pegged, gold-backed stablecoin designed for instant cross-border payments and 24/7 transactions. Full…
Frankencoin (ZCHF) is an oracle-free, decentralized Swiss Franc stablecoin. It is a collateralized payment token backed…
The Gemini Dollar (GUSD) is a regulated, fiat-backed stablecoin issued by Gemini Trust Company, LLC. Launched in 2018, i…
StraitsX XUSD is a USD-pegged stablecoin issued by StraitsX, designed to bridge the ASEAN financial ecosystem with globa…
Aegis YUSD is a decentralized, yield-bearing stablecoin designed to maintain a 1:1 peg to the US dollar. It is backed by…
OpenEden Open Dollar (USDO) is a rebasing, yield-bearing stablecoin issued by OpenEden Digital (OED), a digital asset is…
MetaMask USD (mUSD) is a fiat-backed stablecoin issued by MetaMask and powered by M0. Launched in 2025, it is designed t…
Pax Dollar (USDP), formerly known as Paxos Standard (PAX), is a regulated, fiat-collateralized stablecoin issued by Paxo…
LUSD is a fully redeemable, USD-pegged stablecoin issued by the Liquity Protocol. As a decentralized borrowing protocol,…
Electronic USD (eUSD) is a stablecoin designed to mirror the value of the US Dollar on a one-to-one basis. Built on the…
BRLA is a Brazilian Real (BRL) pegged stablecoin designed for B2B cross-border transactions and efficient payment soluti…
sUSD is a decentralized synthetic USD stablecoin issued by the Synthetix protocol. It is designed to track the price of…
JPY Coin (JPYC) is a Japanese yen-pegged stablecoin issued by JPYC Inc. and regulated as a prepaid payment instrument in…
XSGD is a fiat-backed stablecoin pegged 1:1 to the Singapore Dollar (SGD). Issued by StraitsX (formerly Xfers), it is de…
USDM is a fiat-backed stablecoin native to the Cardano ecosystem, designed to maintain a 1:1 peg with the US Dollar. It…
USD CoinVertible (USDCV) is a regulated, fiat-backed stablecoin issued by SG-FORGE, the digital asset subsidiary of Fren…
WUSD is a fiat-collateralized stablecoin pegged to the U.S. Dollar at a 1:1 ratio. Issued by WSPN (Worldwide Stablecoin…
Map Internet of Things (IoT) Platform
Freedom Dollar (fUSD) is an over-collateralized, algorithmic stablecoin issued on the Zano privacy blockchain. It is des…
Rupiah Token (IDRT) is a fiat-backed stablecoin pegged 1:1 to the Indonesian Rupiah (IDR). As a pioneer in the Indonesia…
GYEN is a regulated, fiat-backed stablecoin pegged 1:1 to the Japanese Yen (JPY). Issued by GMO-Z.com Trust Company, a s…
Origin Dollar (OUSD) is a yield-bearing stablecoin built by the Origin Protocol team. It is designed to automatically ea…
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