Tether (USDT)The most traded stablecoin, pegged 1:1 to the dollar but faces scrutiny over its reserve audits.
USD Coin (USDC)A widely trusted, regulated stablecoin backed by cash and U.S. Treasuries with frequent attestations.
3. First Digital USD (FDUSD)A programmable stablecoin offering financial services with reserves managed across global institutions.
4. Dai (DAI)A decentralised, crypto-collateralised stablecoin, though partially reliant on centralised assets like USDC.
5. Ethena USDe (USDe)A synthetic dollar maintaining its peg via delta-neutral hedging, independent of traditional banking.
Conclusion: Stablecoins are crypto’s bridge to mainstream finance, yet their evolution remains turbulent. As regulators circle and tech advances, the race for a perfect stablecoin intensifies.