Crypto-backed Stablecoin Coins

Crypto-backed stablecoins aim to hold a steady value, usually pegged to a currency like the U.S. dollar, while being collateralized by other cryptocurrencies rather than by bank-held cash or traditional assets. To absorb the volatility of their crypto collateral, these systems are typically overcollateralized, meaning users lock up more value in crypto than the stablecoins they mint, and they rely on mechanisms such as liquidations, oracles and stability fees to hold the peg. The category includes the stable tokens themselves and is closely tied to the decentralized protocols that issue and govern them. Their appeal is a more decentralized, on-chain alternative to stablecoins backed by off-chain reserves. When comparing them, consider the collateral types accepted, the collateralization ratio, how the peg is maintained, the resilience of the liquidation system, and the governance behind the protocol. Risks are real: sharp drops in collateral value, oracle failures, smart-contract bugs or extreme market stress can threaten the peg. Not all stablecoins work the same way, and a steady price in the past is no guarantee of future stability.

The Crypto-backed Stablecoin category currently tracks 4 cryptocurrencies in our database, with a combined market capitalization of $8.18B and $205.26M in reported trading volume over the past 24 hours. The largest Crypto-backed Stablecoin asset by market cap is Dai (DAI), at $4.62B. Over the last 24 hours 4 of these coins are up and 0 are down, an average move of +0.06% across the category.

Within the Crypto-backed Stablecoin category over the past 24 hours, the strongest 24-hour performer is USDD (USDD) at +0.21%, while the weakest is GHO (GHO) at +0.00%.

By value the category is highly concentrated: its 3 largest coins account for roughly 92.1% of the combined Crypto-backed Stablecoin market capitalization.

In cryptocurrency markets, a category groups together tokens and coins that share a common trait — the underlying technology they use, the blockchain ecosystem they are built on, the problem they aim to solve, or the way they are issued. The Crypto-backed Stablecoin grouping shown here reflects the classification published by CoinGecko, a widely used independent market-data provider. The table above lists every Crypto-backed Stablecoin asset in our database, ordered by market capitalization — the current price multiplied by the circulating supply — alongside the live price, the 24-hour change, a seven-day trend line, and 24-hour trading volume, a useful proxy for liquidity and market interest.

Categories frequently overlap: a single coin can belong to several at once, so you will often find the same asset on multiple category pages, each offering a different lens on the market. Among the coins above, Crypto-backed Stablecoin most often appears alongside Stablecoins, USD Stablecoin, Ethereum Ecosystem — listed in full under related categories below.

All figures on this page are computed from stored public market data and refreshed regularly. They are provided for informational and educational purposes only and do not constitute financial advice, a recommendation, or a prediction. Cryptocurrency prices are highly volatile; always do your own research and consider your risk tolerance before making any investment decision.