Stablecoins
Stablecoins aim to hold a steady value — usually pegged to the US dollar — so they can be used for payments, savings, and trading without crypto's volatility. They are the settlement layer of on-chain finance.
They come in three broad types: fiat-backed (reserves held off-chain), crypto-collateralised (over-collateralised on-chain, like DAI), and algorithmic or synthetic designs. Peg stability and reserve quality are the key risks.
15 coins in this category — Browse all coins →
15 Stablecoins
Browse all coins →What is crvUSD?
Read →Synthetic dollar protocol — USDe is backed by a delta-neutral ETH hedge (long stETH + short perps) that captures funding rates as yield, del
Read →What is Frax Finance v3?
Read →What is GHO?
Read →Delta-neutral synthetic dollar with two-tranche architecture — USR (stable senior) backed by hedged ETH while RLP (junior) absorbs funding r
Read →MakerDAO rebranded to Sky Protocol — MKR converted to SKY (1:24,000 split), DAI became USDS, as part of the Endgame restructuring with SubDA
Read →RWA-backed stablecoin protocol — USD0 collateralised by US Treasury bills, with USUAL token capturing the yield that Tether and Circle norma
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