# Stablecoins, by currency.

A stablecoin is a digital token designed to stay close to the value of a currency, such as the US dollar or euro. Different stablecoins use reserves, collateral, or market mechanisms to maintain that value. Browse them below by the currency they track.

26 stablecoins across 8 currencies

- [USDC — USD Coin](https://fiber.so/en/stablecoins/usdc.md): USDC is Circle’s fully reserved digital dollar for payments, settlement, and onchain finance.
- [USDT — Tether USD](https://fiber.so/en/stablecoins/usdt.md): USDT is Tether’s dollar-pegged token and the longest-running major fiat-backed stablecoin.
- [DAI — Dai](https://fiber.so/en/stablecoins/dai.md): DAI is a decentralized stablecoin generated against collateral in the Sky Protocol, formerly MakerDAO.
- [PYUSD — PayPal USD](https://fiber.so/en/stablecoins/pyusd.md): PYUSD is PayPal’s dollar stablecoin, issued by Paxos and backed by dollar deposits and short-duration US government assets.
- [RLUSD — Ripple USD](https://fiber.so/en/stablecoins/rlusd.md): RLUSD is Ripple’s enterprise-focused digital dollar, backed by dollar deposits, short-term US government debt, and cash equivalents.
- [USDS — Sky Dollar](https://fiber.so/en/stablecoins/usds.md): USDS is Sky Protocol’s upgraded decentralized dollar, convertible with DAI and generated against collateral managed by the protocol.
- [USD1 — World Liberty Financial USD](https://fiber.so/en/stablecoins/usd1.md): USD1 is World Liberty Financial’s dollar stablecoin, issued and custodied by BitGo and backed by cash and short-term US government assets.
- [USDe — Ethena USDe](https://fiber.so/en/stablecoins/usde.md): USDe is Ethena’s synthetic dollar, backed by crypto assets and offsetting derivatives positions rather than a conventional bank-reserve model.
- [USDG — Global Dollar](https://fiber.so/en/stablecoins/usdg.md): USDG is a regulated dollar stablecoin jointly managed by Paxos Digital Singapore and Paxos Issuance Europe for the Global Dollar Network.
- [FDUSD — First Digital USD](https://fiber.so/en/stablecoins/fdusd.md): FDUSD is First Digital Labs’ dollar stablecoin, redeemable 1:1 and backed by reserves held in segregated custody accounts.
- [GHO — GHO](https://fiber.so/en/stablecoins/gho.md): GHO is Aave’s decentralized dollar stablecoin, minted by borrowing against collateral supplied to approved Aave facilitators.
- [USD0 — Usual USD](https://fiber.so/en/stablecoins/usd0.md): USD0 is Usual’s dollar stablecoin, collateralized by short-duration tokenized real-world assets, primarily US Treasury bills.
- [TUSD — TrueUSD](https://fiber.so/en/stablecoins/tusd.md): TUSD is a dollar-backed stablecoin operated by Techteryx with third-party reserve attestations and multi-chain issuance.
- [USDP — Pax Dollar](https://fiber.so/en/stablecoins/usdp.md): USDP is Paxos’ regulated dollar stablecoin, backed 1:1 by cash and cash equivalents and formerly known as Paxos Standard.
- [EURC — EURC](https://fiber.so/en/stablecoins/eurc.md): EURC is Circle’s fully reserved, euro-denominated stablecoin, redeemable 1:1 for euro by eligible Circle customers.
- [EURS — STASIS EURS](https://fiber.so/en/stablecoins/eurs.md): EURS is a euro-backed stablecoin from STASIS with reserve reporting and settlement across several public networks.
- [EURCV — EUR CoinVertible](https://fiber.so/en/stablecoins/eurcv.md): EURCV is Société Générale–FORGE’s bank-issued euro stablecoin for onchain settlement and digital-asset markets.
- [EURe — Monerium EURe](https://fiber.so/en/stablecoins/eure.md): EURe is Monerium’s regulated euro e-money token, fully backed in safeguarded accounts and connected to SEPA through personal IBANs.
- [EURA — Angle EURA](https://fiber.so/en/stablecoins/eura.md): EURA is Angle Protocol’s decentralized euro stablecoin, formerly agEUR, supported by segregated onchain collateral modules.
- [wARS — Wrapped Argentine Peso](https://fiber.so/en/stablecoins/wars.md): wARS brings the Argentine peso onchain with a 1:1 target and reserves held in peso-denominated accounts and instruments.
- [BRZ — Brazilian Digital](https://fiber.so/en/stablecoins/brz.md): BRZ is Transfero’s Brazilian real stablecoin, backed 1:1 by real-denominated reserves and issued across a broad set of public networks.
- [wBRL — Wrapped Brazilian Real](https://fiber.so/en/stablecoins/wbrl.md): wBRL brings the Brazilian real onchain with a 1:1 target and liquid reserves denominated in reais.
- [wMXN — Wrapped Mexican Peso](https://fiber.so/en/stablecoins/wmxn.md): wMXN brings the Mexican peso onchain with a 1:1 target and reserves held in peso-denominated bank accounts.
- [wCOP — Wrapped Colombian Peso](https://fiber.so/en/stablecoins/wcop.md): wCOP brings the Colombian peso onchain with a 1:1 target and reserves held in Colombian peso accounts.
- [wCLP — Wrapped Chilean Peso](https://fiber.so/en/stablecoins/wclp.md): wCLP brings the Chilean peso onchain with a 1:1 target and liquid reserves denominated in Chilean pesos.
- [wPEN — Wrapped Peruvian Sol](https://fiber.so/en/stablecoins/wpen.md): wPEN brings the Peruvian sol onchain with a 1:1 target and liquid reserves denominated in soles.

This directory is for research, not an endorsement or an availability promise from Fiber. Stablecoin designs, reserves, networks, and redemption terms can change.

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