Stablecoins: What They Are and the 10 Largest in the Market Stablecoins are cryptocurrencies backed by real assets (such as fiat currencies, commodities, or algorithms) to maintain a stable peg with a reference value (e.g., 1 USD). They are essential for: Avoid volatility in the crypto market. Facilitate fast and cheap transactions.
Serve as a "safe haven" for traders. The 10 Largest Stablecoins by Market Capitalization (2024)
(BUSD is being phased out by Binance due to regulatory pressures in the US.)*<br />
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