As the cornerstone of the crypto world, stablecoins provide the market with important value anchoring and hedging tools. This article will take stock of the top ten stablecoin projects in current market value and influence to help you understand their respective characteristics, advantages and major trading platforms.

Stablecoin Exchange in 2025:

Ouyi okx :

Binance binance:

Huobi htx:

Ranking of comprehensive strength of stablecoin projects

1. Tether (USDT)

As the pioneer of stablecoins and an absolute leader in market share, USDT has unparalleled liquidity and trading depth. It is widely used in major trading platforms and DeFi protocols, and is the de facto "dollar" in the crypto world. Its reserve assets are composed of cash, cash equivalents and other assets. Almost all mainstream exchanges support USDT, such as Binance , OKX , Huobi and Gate.io , all offer a wide range of USDT trading pairs.

2. USD Coin (USDC)

USDC is known for its high level of transparency and compliance, is issued by regulated U.S. financial institutions, and its reserves are fully backed by cash and short-term U.S. Treasury bonds and are regularly audited. This makes it the first choice stablecoin for institutional investors and compliant users. USDC has good liquidity on mainstream platforms such as Binance and OKX .

3. Dai (DAI)

DAI is the banner of decentralized stablecoins, generated by the MakerDAO protocol through over-solidated crypto assets such as ETH. It is not controlled by any centralized organization and operates completely on the Ethereum blockchain, and is a core component of the DeFi ecosystem. Users can trade DAI on platforms such as Binance and OKX, as well as major decentralized exchanges (DEXs).

4. First Digital USD (FDUSD)

FDUSD is a newer compliance stablecoin issued by Hong Kong trust company First Digital, with reserve assets of high-quality cash and cash equivalents. It has risen rapidly with strong support from Binance , the world's largest exchange, which has launched several FDUSD zero-fee trading pairs, which have surged in its trading volume and market attention.

5. TrueUSD (TUSD)

TUSD is one of the first regulated dollar stablecoins, emphasizing the provision of real-time reserve proof through independent third-party accounting firms to provide users with high transparency. It has been one of the main stablecoin trading pairs on multiple trading platforms. Currently, it is still available for trading on platforms such as Binance , Huobi and Gate.io.

6. Frax (FRAX)

FRAX is the first partially algorithmic stablecoin protocol, whose supply is partially supported by collateral and partially stable through algorithms. This hybrid model aims to combine the security of collateral stablecoins with the capital efficiency of algorithmic stablecoins, and is a major innovation in the stablecoin field. It is mainly circulated in decentralized exchanges, and some centralized exchanges such as Gate.io also provide support.

7. USDD (Decentralized USD)

USDD is a decentralized over-staked stablecoin launched on the TRON network, with the goal of maintaining anchorage with the US dollar through the reserve and arbitrage mechanisms of a variety of crypto assets, including TRX and BTC. It has good support on Tron ecosystem and related trading platforms such as OKX , Huobi and Gate.io.

8. Paxos Dollar (USDP)

The USDP is issued by the highly regulated New York company Paxos Trust, anchored 1:1 with the dollar, and reserves are deposited in bank accounts protected by the U.S. Federal Deposit Insurance Corporation (FDIC). Trusted for its strong compliance background, it is also the technology issuer of BUSD.

9. PayPal USD (PYUSD)

The stablecoin launched by global payment giant PayPal is also issued by Paxos Trust. PYUSD aims to open up the traditional finance and Web3 world. With PayPal's huge user base and payment network, it has huge potential for application in the payment field. Currently, it has been launched on some mainstream exchanges such as OKX .

10. Gemini Dollar (GUSD)

The stablecoin issued by cryptocurrency exchange Gemini is regulated by the New York State Department of Financial Services (NYDFS). GUSD is known for its strict compliance and security standards and is a reliable option for users seeking stablecoin protection under U.S. regulation. It is mainly used on the Gemini platform and is also supported by other platforms.

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