Who issues stablecoins? What are the stablecoins?
Jul 09, 2025 pm 06:24 PMStablecoins are crypto assets that maintain price stability by anchoring fiat currencies such as the US dollar. They are mainly divided into three categories: fiat currency collateral, crypto asset collateral and algorithmic stablecoins. 1. USDT is issued by Tether and is the stablecoin with the largest market value and the highest liquidity. 2. USDC is released by the Centre alliance launched by Circle and Coinbase, and is known for its transparency and compliance.
Stablecoins are a crucial component of the cryptocurrency world, maintaining price stability by anchoring fiat currencies such as the US dollar, providing a safe haven and medium for volatile markets. Understanding the types of mainstream stablecoins and the issuers behind them is the basis for in-depth cryptocurrencies.
Other mainstream Bitcoin exchanges in 2025:
Ouyi okx :
Binance binance:
Huobi htx:
What is a stablecoin?
Simply put, stablecoins are a crypto asset with stable value. Unlike cryptocurrencies with drastic price fluctuations like Bitcoin or Ethereum, stablecoins are designed to peg their market value to some kind of external reference asset (usually USD). This makes them very practical in transactions, lending and store of value. According to its collateral and issuance mechanism, stablecoins are mainly divided into three categories: fiat currency collateral, crypto asset collateral and algorithmic stablecoins.
Mainstream stablecoins and their issuers inventory
The following is an introduction to several of the most important and common stablecoins and their issuing institutions in the current market.
1. USDT (Tether)
USDT is issued by Tether Limited and is the first and most valuable stablecoin on the market. It anchors the dollar, and in theory every USDT is backed by a $1 asset reserve. Thanks to its first-mover advantage and extensive trading pair support, USDT has the highest liquidity and market acceptance and is the most commonly used pricing and settlement tool in cryptocurrency trading.
2. USDC (USD Coin)
USDC is a stablecoin issued by the Centre alliance jointly established by fintech company Circle and well-known exchange Coinbase. USDC is also 1:1 anchored to the US dollar and is known for its high level of transparency and compliance. Its issuer regularly publishes reserve certificate reports audited by top accounting firms, so it is considered one of the safest and most compliant stablecoins on the market.
3. DAI
DAI is a unique decentralized stablecoin issued and managed by a decentralized autonomous organization called MakerDAO. It does not rely on fiat currencies, but maintains its peg to the US dollar by over-staking a variety of crypto assets such as Ethereum (ETH). Users can generate DAI by locking crypto assets in the Maker protocol. The stability mechanism is completely automatically executed by smart contracts and is a core component of the field of decentralized finance (DeFi).
4. BUSD (Binance USD)
BUSD is a stablecoin launched by cryptocurrency exchange Binance and US trust company Paxos. It is approved and regulated by the New York State Department of Financial Services (NYDFS), and each BUSD has an equivalent dollar cash or cash equivalent as a reserve. BUSD is popular for its compliance and deep integration with the Binance ecosystem. It should be noted that due to regulatory reasons, its issuer Paxos has stopped issuing new BUSDs.
5. TUSD (TrueUSD)
TUSD is another dollar-anchored stablecoin designed to provide high transparency. It has deposited its dollar reserves in regulated third-party escrow accounts by working with several trusts and banking companies. A major feature of TUSD is that it provides real-time on-chain proof of reserves, allowing users to verify the adequacy of their collateral at any time, thereby building trust.
How to obtain and trade stablecoins?
The most direct and common way to obtain these stablecoins is through centralized cryptocurrency exchanges. These platforms provide fiat currency deposit channels and a wealth of trading pairs, allowing users to easily purchase or exchange various stablecoins.
Mainstream cryptocurrency exchanges are the most convenient channels to obtain stablecoins, such as Binance , OKX , Huobi (HTX, formerly Huobi) and Gate.io. Users usually only need to complete account registration and identity verification (KYC) to use their own fiat currency to purchase USDT, USDC and other stablecoins, or exchange them for other crypto assets such as Bitcoin. These stablecoins can then be used as a medium of transactions, participate in various financial products on the platform, or transferred to personal accounts for custody.
The above is the detailed content of Who issues stablecoins? What are the stablecoins?. For more information, please follow other related articles on the PHP Chinese website!

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