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Table of Contents
The main types of stablecoins
Introduction to mainstream stablecoins
Home web3.0 What are the types of stablecoins? What are the stablecoins in digital currency?

What are the types of stablecoins? What are the stablecoins in digital currency?

Jul 08, 2025 pm 11:51 PM
Blockchain ai binance cryptocurrency Ethereum digital currency the difference o Stablecoin Binance usdt exchange Huobi trading platform Ouyi

Stablecoins are an important cornerstone of the crypto world, maintaining price stability by anchoring fiat currencies such as the US dollar, providing a safe haven and medium for volatile crypto markets. This article will introduce the current mainstream digital currency stablecoins in the market in detail to help you understand their characteristics and differences.

Stablecoin Exchange in 2025:

Ouyi okx official website :

Binance binance official website:

Huobi htx official website:

The main types of stablecoins

Before we understand specific stablecoins, we first need to know that they mainly maintain their value anchorage in three ways.

Fiat currency collateral type: This is the most common type. For each stablecoin issued, its issuer will deposit fiat currency of equivalent value (such as USD) in its bank account as reserve. This type of stablecoins has high transparency and stable value, which means USDT and USDC.

Cryptocurrency collateral: This type of stablecoins is over-collateralized by other cryptocurrencies such as Ethereum. For example, users need to collateralize $150 worth of Ethereum to mint $100 stablecoins to cope with fluctuations in collateral prices. Represented as DAI.

Algorithm type: This type of stablecoins relies on algorithms and smart contracts to adjust supply, thereby maintaining price stability, and there is no actual asset collateral behind it. This type of stablecoins has high risks and has experienced extreme prices decoupling in the past.

What are the stablecoins? What are the stablecoins in digital currency? - php Chinese

Introduction to mainstream stablecoins

The following are mainstream stablecoins compiled based on market value and market acceptance. They are all widely circulated on mainstream trading platforms such as Binance, OKX, Huobi (HTX), and Gate.io.

1. USDT (Tether)

As the pioneer and current leader of the stablecoin market, USDT has the highest market value and the widest application scenarios. It is issued by Tether, anchoring the dollar. Almost all cryptocurrency exchanges support USDT trading pairs, making it the best liquid "digital dollar" in the crypto world. Although the transparency of its reserves has been questioned in the past, it still dominates with its first-mover advantage and strong market consensus.

2. USDC (USD Coin)

USDC is widely regarded as one of the most compliant and transparent stablecoins. It was released by Circle, a U.S. fintech company, and launched in partnership with Coinbase. USDC's reserves are composed of cash and short-term U.S. Treasury bonds and are regularly audited by top accounting firms, and the reports are publicly verified. Due to its good compliance, USDC is highly popular among decentralized finance (DeFi) and institutional investors.

3. DAI

DAI is an outstanding representative of decentralized stablecoins. It is not issued by any centralized company, but is managed through the decentralized autonomous organization MakerDAO. Users can generate DAI by over-staking Ethereum and other crypto assets in the Maker protocol. Due to its decentralized nature, DAI has strong censorship resistance and runs completely on the blockchain, which is a core component of the DeFi ecosystem.

4. TUSD (TrueUSD)

TUSD is a stablecoin fully backed by the US dollar and is known for its high transparency. It introduces Chainlink's Proof of Reserves technology, which can verify its US dollar reserves in real time, ensuring that each TUSD has sufficient US dollar reserve support. This real-time auditing model has gained a good reputation among users seeking high-transparency assets, and its adoption rate on exchanges such as Binance has increased significantly recently.

5. BUSD (Binance USD)

BUSD is a stablecoin issued by cryptocurrency exchange Binance and fintech company Paxos, and has been approved by the New York State Department of Financial Services (NYDFS). It was once a stablecoin deeply bound to the Binance ecosystem, with strict regulation and audit. However, it should be noted that due to regulatory reasons, its issuer Paxos announced in February 2023 to stop issuing new BUSDs, and the stablecoin is currently gradually withdrawing from the market.

6. USDP (Paxos Dollar)

USDP is also issued by Paxos and is strictly regulated by NYDFS like BUSD. Each USDP corresponds to the US dollar deposited in the Bank of America that is FDIC-insured. It is considered one of the safest and most well-regulated stablecoins on the market, and while its market share is not as good as USDT or USDC, its compliance makes it a reliable choice for institutional and risk aversion users.

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