What are stablecoins?
Stablecoins are digital tokens designed to hold a steady value, usually one US dollar. Here is how they work, why people use them, and the risks to watch. This page is for information only and is not financial advice.
How they stay “stable”
Most large stablecoins try to keep one token close to one US dollar. Some hold cash and short-term US government bills. Others use crypto collateral and software rules. If the reserves or the rules fail, the token can trade away from a dollar — that is the main risk you should understand before you use one.
Why beginners see them
- Moving value between exchanges without converting to bank cash each time.
- Paying in iGaming or other online services that accept crypto.
- Parking funds overnight instead of holding a more volatile coin.
Stablecoin market
Prices and market cap from CoinGecko, refreshed daily.
| Asset | Price | 24h | Market cap |
|---|---|---|---|
| Tether USDT | $0.9993 | +0.02% | $183.5B |
| USDC USDC | $0.9998 | +0.02% | $72.6B |
| USDS USDS | $1.0000 | +0.01% | $10.2B |
| Ethena USDe USDE | $0.9995 | +0.01% | $4.7B |
| Dai DAI | $1.0000 | +0.02% | $4.5B |
| USD1 USD1 | $0.9991 | -0.01% | $4.1B |
| Global Dollar USDG | $1.0000 | +0.02% | $3.1B |
| PayPal USD PYUSD | $0.9999 | +0.02% | $2.8B |
| Ripple USD RLUSD | $1.0000 | +0.01% | $2.4B |
| Falcon USD USDF | $0.9952 | +0.06% | $1.9B |
| USDD USDD | $0.9977 | +0.07% | $1.8B |
| United Stables U | $0.9994 | +0.02% | $1.6B |