Fiat-backed stablecoins are no different. Financially speaking, sending someone 100 USDC is no different than sending them $100 via Venmo. In both cases, one user is handing over a claim against a balance sheet – Circle’s versus PayPal’s – to another. From the issuers point of view, each dollar held by its user is just a liability, to be matched against equivalent assets.
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Bitcoin (BTC) $ 96,470.00
Ethereum (ETH) $ 3,686.18
XRP (XRP) $ 2.44
Tether (USDT) $ 1.00
Solana (SOL) $ 228.84
BNB (BNB) $ 651.27
Dogecoin (DOGE) $ 0.438549
Cardano (ADA) $ 1.16
USDC (USDC) $ 1.00
Lido Staked Ether (STETH) $ 3,684.88
Avalanche (AVAX) $ 47.95
TRON (TRX) $ 0.211141
Shiba Inu (SHIB) $ 0.000030
Toncoin (TON) $ 6.68
Stellar (XLM) $ 0.542482
Wrapped stETH (WSTETH) $ 4,364.30
Polkadot (DOT) $ 9.19
Wrapped Bitcoin (WBTC) $ 96,376.00
Chainlink (LINK) $ 19.72
Bitcoin Cash (BCH) $ 531.39
WETH (WETH) $ 3,685.06
Sui (SUI) $ 3.32
Hedera (HBAR) $ 0.252197
Litecoin (LTC) $ 123.66
Pepe (PEPE) $ 0.000021
NEAR Protocol (NEAR) $ 6.86
LEO Token (LEO) $ 8.73
Uniswap (UNI) $ 13.07
Wrapped eETH (WEETH) $ 3,887.62
Aptos (APT) $ 13.11
Internet Computer (ICP) $ 13.46
USDS (USDS) $ 0.998891
Cronos (CRO) $ 0.186333
POL (ex-MATIC) (POL) $ 0.616733
Ethereum Classic (ETC) $ 33.09
Artificial Superintelligence Alliance (FET) $ 1.84
Bittensor (TAO) $ 618.23
Ethena USDe (USDE) $ 1.00
Render (RENDER) $ 8.54
Filecoin (FIL) $ 7.21
Algorand (ALGO) $ 0.508567
Kaspa (KAS) $ 0.164082
VeChain (VET) $ 0.050854
Arbitrum (ARB) $ 0.965185
Cosmos Hub (ATOM) $ 9.12
Dai (DAI) $ 1.00
Stacks (STX) $ 2.29
Immutable (IMX) $ 2.01
WhiteBIT Coin (WBT) $ 23.40
Celestia (TIA) $ 7.72
