1. Tether (USDT)
- Market Cap: Largest stablecoin by market cap.
- Blockchain: Ethereum, Tron, and others.
- Peg: 1:1 to the U.S. Dollar.
- Use Case: Trading pairs, liquidity, and as a hedge against volatility.
### 2. USD Coin (USDC)
- Market Cap: Second-largest stablecoin.
- Blockchain: Ethereum, Solana, Avalanche, and others.
- Peg: 1:1 to the U.S. Dollar.
- Use Case: Highly transparent, used in DeFi and cross-border payments.
### 3. Binance USD (BUSD)
- Market Cap: Backed by Binance and Paxos.
- Blockchain: Ethereum and Binance Smart Chain.
- Peg: 1:1 to the U.S. Dollar.
- Use Case: Trading on Binance, staking, and payments.
### 4. Dai (DAI)
- Market Cap: Popular decentralized stablecoin.
- Blockchain: Ethereum.
- Peg: 1:1 to the U.S. Dollar, backed by crypto collateral.
- Use Case: Decentralized finance (DeFi), lending, and borrowing.
### 5. TrueUSD (TUSD)
- Market Cap: Fully collateralized stablecoin.
- Blockchain: Ethereum, BSC, and others.
- Peg: 1:1 to the U.S. Dollar.
- Use Case: Trading, liquidity provision, and payments.
### 6. Pax Dollar (USDP)
- Market Cap: Regulated by Paxos Trust.
- Blockchain: Ethereum.
- Peg: 1:1 to the U.S. Dollar.
- Use Case: Regulated and trusted for payments and trading.
### 7. Gemini Dollar (GUSD)
- Market Cap: Backed by Gemini exchange.
- Blockchain: Ethereum.
- Peg: 1:1 to the U.S. Dollar.
- Use Case: Used on Gemini exchange, payments, and trading.
### 8. Neutrino USD (USDN)
- Market Cap: Algorithmic stablecoin.
- Blockchain: Waves.
- Peg: 1:1 to the U.S. Dollar (sometimes fluctuates).
- Use Case: DeFi, staking, and payments within the Waves ecosystem.
### 9. TerraClassicUSD (USTC)
- Market Cap: Formerly a top stablecoin, became unstable after the Terra collapse.
- Blockchain: Terra.
- Peg: Was intended to be 1:1 to the U.S. Dollar (now fluctuates).
- Use Case: Riskier stablecoin, part of the Terra ecosystem.
### 10. Frax (FRAX)
- Market Cap: Partially algorithmic, partially collateralized.
- Blockchain: Ethereum and others.
- Peg: 1:1 to the U.S. Dollar.
- Use Case: DeFi protocols, innovative design with both collateral and algorithmic stabilization.
These stablecoins are used widely across exchanges, DeFi protocols, and payment systems, providing stable value in a volatile market. Always ensure you understand the risk levels of algorithmic or decentralized stablecoins as they can sometimes deviate from their peg.$BNB
