Market cap: US$73.829 billion
Tether is one of the first stablecoins that has gained a lot of popularity because of its US$1 value. The coin describes itself as a platform designed to facilitate the use of fiat currencies virtually.
Market cap: US$13.051 billion
Binance launched its stable coin in 2019, which relatively makes it a newcomer in the crypto space. BUSD is one of the biggest cryptocurrency exchanges which will continue to rise in 2022.
Market cap: US$1.209 billion
True USD was launched in 2018 and is a 100% dollar-backed stable coin in the market. Token features a ratio of 1:1 against the dollar. Furthermore, its creators do not participate in the transfer and have no access to it.
Market cap: US$34.423 billion
USD coin anchors its value to the dollar and operates on various blockchains like the algorand, ethereum, and Solana, to name a few. It is a crypto-backed stablecoin. Its fund reserves remain in the FDIC-insured US banks.
Market cap: US$9.45 million
Pax dollar, previously known as Paxos Standard was a dollar-backed stable coin operating on the ethereum blockchain. Experts believe that it is one of the best fiat tokens in terms of eliminating cross-border transaction fees.
Market cap: US$36 million
The underlying Terra protocol that runs TerraKRW is a tried-and-true network in the stablecoin space. Terra uses its LUNA cryptocurrency token to keep its stablecoins balanced using an interesting system.
Market cap: US$3.41 million
Digix gold is a stablecoin backed by physical gold. Individual tokens are responsible for creating a DGX token to preserve the identity of the gold bullion attached to it. Any DGX owner can cash out their tokens in the form of physical gold bars according to the specified value.