A list of stablecoins you need to know about.

Stablecoins are becoming increasingly popular thanks to their ability to combine the transparency, security, and privacy of a digital asset with the stability of a traditional currency.

Since Tether released the first fully-fledged stablecoin back in 2015, a whole array of other stablecoins have been created.

We’ve produced a list of the most successful and popular stablecoins below, but first here’s a recap of what stablecoins are.


What are stablecoins?

Stablecoins are a type of cryptocurrency that are designed to be immune from market volatility, making them a more useable form of payment than traditional crypto. Stability is created by pegging the value of stablecoins to other ‘stable’ assets such as fiat currencies or gold.

Stablecoins have become an important source of liquidity in the crypto market because they aim to maintain a steady price. They are used to buy cryptocurrencies on exchanges that don’t accept fiat or as a ‘safe haven’ store of value for when other crypto assets witness large price swings.

Stablecoins fall into four broad categories: fiat-collateralised stablecoins, commodity-collateralised stablecoins, crypto-collateralised stablecoins, and non-collateralised stablecoins (which aren’t backed by anything).

Hundreds of stablecoin projects have been announced over the past few years – to varying degrees of success. These are some of the most successful and popular stablecoins today.