Sort:
DeFi Terminal tracks 47 tokenized stablecoins assets with $176.4B in total value locked. Stablecoins are tokens pegged to fiat currencies, most commonly the US dollar. They serve as the primary on-ramp and settlement layer in DeFi, facilitating trading, lending, and payments with minimal price volatility. Major issuers include Tether (USDT), Circle (USDC), PayPal (PYUSD), and MakerDAO (DAI). Stablecoins can be backed by fiat reserves, crypto-collateral, or algorithmic mechanisms.