Top 10 stablecoin concepts, Top 10 stablecoin rankings in 2025
Jul 29, 2025 pm 01:00 PMAs a bridge between the crypto world and the fiat world, stablecoins provide the market with a crucial store of value and medium of transaction. Understanding the characteristics and ranking of mainstream stablecoins has core value for investors and users to avoid risks and capture opportunities in a volatile market.
Mainstream exchanges of stablecoins in 2025:
Ouyi okx :
Binance binance:
Huobi htx:
Top 10 stablecoins in 2025 ranking forecast
The following rankings combine current market value, endorsement mechanism, ecosystem adoption rate and future potential to predict the stablecoin landscape in 2025.
1. USDT (Tether)
As the pioneer and absolute leader of the stablecoin market, USDT has unparalleled liquidity and the widest trading pair support. Although its reserve transparency has always been controversial, with its first-mover advantage and deep market roots, almost all cryptocurrency exchanges (such as Binance, Ouyi, Huobi, Gate.io) use it as the core trading medium. In the foreseeable future, USDT's king status is still unshakable.
2. USDC (USD Coin)
USDC is known as a "compliant stablecoin" and is issued by Circle and is subject to strict regulation and audit. Its reserves are entirely backed by cash and short-term US Treasury bonds, with high transparency and are highly favored by institutional investors and DeFi applications. With the increasing tightening of the regulatory environment, USDC is expected to further narrow the gap with USDT in the future with its compliance advantages.
3. DAI
DAI is the banner of decentralized stablecoins. It does not rely on any centralized institutions, but is generated by over-staking crypto assets such as Ethereum in the MakerDAO protocol. This decentralized feature makes it an irreplaceable position in the DeFi field and is the first choice for users who pursue censorship resistance and transparency. Despite the challenges of scalability, the core value of DAI lies in its true decentralized spirit.
4. FDUSD (First Digital USD)
FDUSD is one of the fastest growing stablecoins in recent years, thanks to strong support from Binance, the world's largest exchange. As the main trading pair stablecoin on the Binance platform, FDUSD has gained huge liquidity and application scenarios. Its reserves are escrowed by independent third parties and regularly publish proof reports, providing users with a high level of trust.
5. PYUSD (PayPal USD)
PYUSD, launched by global payment giant PayPal, marks the official entry of traditional finance (TradFi) into the stablecoin field. It is issued by the Paxos Trust Company and is regulated by the New York State Department of Financial Services (NYDFS). The huge potential of PYUSD lies in its ability to seamlessly integrate into PayPal's huge network of users and merchants, and is likely to become a key bridge connecting crypto payments and daily consumption.
6. USDD (Decentralized USD)
USDD is a decentralized over-solidated stablecoin launched by the TRON ecosystem. It draws on a variety of stablecoin models and aims to maintain its peg to the US dollar through a reserve mechanism called TRON DAO Reserve. Although the market still has doubts about its degree of "decentralization" and its long-term stability, its high yields in the Tron ecosystem have attracted a large number of users.
7. TUSD (TrueUSD)
TUSD is a stablecoin that has focused on compliance and transparency in the early stage. Through cooperation with several trust companies and banks, it has achieved independent verification of US dollar reserves. It provides real-time audited reserve proofs designed to provide users with the highest level of transparency guarantees. TUSD has good liquidity on multiple mainstream exchanges (including Ouyi OKX, Gate.io, etc.).
8. FRAX
FRAX is the first mixed stablecoin with partial algorithms and partial collateral. Its unique "fraction algorithm" mechanism dynamically adjusts the collateral rate according to market demand, part of which is collateralized by assets such as USDC, and the other part is adjusted through an algorithm by its governance token FXS. This innovative model has given it a clever balance between capital efficiency and stability, and is an innovative project that has attracted much attention in the DeFi field.
9. GUSD (Gemini Dollar)
GUSD is issued by Gemini, a heavily regulated cryptocurrency exchange founded by the Winklevoss brothers. Similar to USDC and PYUSD, it is also regulated by NYDFS, publishing monthly review reports issued by independent CPA firms. GUSD is known for its strong compliance background and security and is ideal for institutional and individual investors seeking low-risk and regulated stablecoins.
10. USDP (Pax Dollar)
USDP, also issued by Paxos Trust Company, is one of the earliest regulated stablecoins on the market. Like PYUSD and previous BUSDs, it enjoys regulatory endorsement from NYDFS, and its reserves are strictly audited and protected. USDP has a place in the field of institutional payment and settlement due to its stable, reliable and highly compliant characteristics, and has good applications in transactions such as Huobi (HTX), Gate.io, etc.
The above is the detailed content of Top 10 stablecoin concepts, Top 10 stablecoin rankings in 2025. For more information, please follow other related articles on the PHP Chinese website!

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