The Rise, the Fall and the Resurrection of an Ambitious Experiment

The Beanstalk Protocol

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Tether (USDT) is a cryptocurrency and operates on the Ethereum platform. Tether has a current supply of 82,091,735,571.99397 with 78,486,103,416.23203 in circulation. The last known price of Tether is 1.00035225 USD and is down -0.13 over the last 24 hours. It is currently trading on 50132 active market(s) with $46,017,061,271.13 traded over the last 24 hours. More information can be found at https://tether.to.

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USD Coin (USDC) is a cryptocurrency and operates on the Ethereum platform. USD Coin has a current supply of 34,435,037,604.97856. The last known price of USD Coin is 0.99958986 USD and is up 0.05 over the last 24 hours. It is currently trading on 11119 active market(s) with $6,187,397,130.26 traded over the last 24 hours. More information can be found at https://www.centre.io/usdc.

USD Coin

BNB Beacon Chain (BEP2)

Binance USD (BUSD) is a cryptocurrency and operates on the BNB Beacon Chain (BEP2) platform. Binance USD has a current supply of 8,064,021,527.453376. The last known price of Binance USD is 0.99875342 USD and is down -0.14 over the last 24 hours. It is currently trading on 6472 active market(s) with $4,129,014,484.49 traded over the last 24 hours. More information can be found at https://www.binance.com/en/busd.

Binance USD

SORA

Sora

Dai (DAI) is a cryptocurrency and operates on the Ethereum platform. Dai has a current supply of 5,451,144,264.359615. The last known price of Dai is 0.99748547 USD and is down -0.28 over the last 24 hours. It is currently trading on 2033 active market(s) with $233,864,919.60 traded over the last 24 hours. More information can be found at http://www.makerdao.com/.

TerraClassicUSD (USTC) is a cryptocurrency launched in 2019. TerraClassicUSD has a current supply of 9,799,452,242.596914 with 9,797,212,236.824883 in circulation. The last known price of TerraClassicUSD is 0.02072784 USD and is down -3.37 over the last 24 hours. It is currently trading on 728 active market(s) with $8,375,062.66 traded over the last 24 hours. More information can be found at https://terra.money.

TerraClassicUSD

TerraUSD

TrueUSD (TUSD) is a cryptocurrency and operates on the Ethereum platform. TrueUSD has a current supply of 2,029,653,245.6799998 with 2,048,421,370.61 in circulation. The last known price of TrueUSD is 0.99813356 USD and is down -0.60 over the last 24 hours. It is currently trading on 341 active market(s) with $336,016,437.31 traded over the last 24 hours. More information can be found at https://tusd.io/.

TrueUSD

Pax Dollar (USDP) is a cryptocurrency and operates on the Ethereum platform. Pax Dollar has a current supply of 878,084,065.080683. The last known price of Pax Dollar is 0.99906627 USD and is down -0.43 over the last 24 hours. It is currently trading on 93 active market(s) with $5,088,290.44 traded over the last 24 hours. More information can be found at https://www.paxos.com/usdp/.

Pax Dollar

WENWEN Protocol takes inspiration from the central bank model in the real financial world. It attempts to design a protocol that stabilizes the stablecoin's peg rate through open market operations (market-making) via a simple and effective "algorithm-central bank model. The WENWEN Protocol integrates the central bank model with a variety of innovations, including the protocol-controlled value (PCV), dual token system, and multi-stablecoin pairs.
PCV: Utilizing the central bank model does not imply centralization. Instead, the protocol's smart contracts control all funds raised in the vault during the genesis period, including the initial tokens issued. The Protocol Controlled Value (PCV) is only used to add liquidity and stabilize the price, which cannot be taken out of the vault.
Dual token system: WENWEN Protocol will issue WENWEN stablecoins pegged to different fiat currencies for users' convenience. Currently, the protocol has issued three stablecoins, namely the USDN, JPYN, and EURN, which are pegged to the US dollar, Yen, and Euro, respectively. Over time, more currency pairs will be issued depending on the community demand.
Variety of stablecoins: In addition to the stablecoins, WENWEN Protocol has also issued a governance token, SHAREN, which is the non-stable token in the protocol. The WENWEN stablecoins have similar characteristics to convertible bonds, while SHAREN has identical attributes to convertible shares. Holders of the tokens can claim pro-rata rewards. For example, if the USDN price is higher than $1, holders of the SHAREN will receive USDN rewards. If the USDN price is less than $1, holders of the USDN will receive SHAREN rewards. Therefore, the reward mechanism will also create additional arbitrage opportunities, where users can choose which tokens to trade and hold based on the price deviation. Thereby this mechanism also promotes the stability of the stablecoin's price.
The ultimate goal of the WENWEN Protocol is to provide a highly scalable, decentralized algorithmic currency without collateral.

WENWEN USDN

Neutrino USD

Fei USD (FEI) is a cryptocurrency and operates on the Ethereum platform. Fei USD has a current supply of 426,116,732.6917724 with 424,996,177.78890556 in circulation. The last known price of Fei USD is 0.94728388 USD and is down -6.37 over the last 24 hours. It is currently trading on 70 active market(s) with $1,389,835.10 traded over the last 24 hours. More information can be found at https://fei.money/.

Fei USD

Gemini Dollar (GUSD) is a cryptocurrency and operates on the Ethereum platform. Gemini Dollar has a current supply of 611,139,702.82 with 607,049,883.35 in circulation. The last known price of Gemini Dollar is 0.99966188 USD and is down -1.59 over the last 24 hours. It is currently trading on 88 active market(s) with $1,058,124.76 traded over the last 24 hours. More information can be found at https://gemini.com/dollar/.

Gemini Dollar

USDD (USDD) is a cryptocurrency launched in 2022and operates on the Ethereum platform. USDD has a current supply of 725,332,035.842248. The last known price of USDD is 0.99026228 USD and is down -0.29 over the last 24 hours. It is currently trading on 136 active market(s) with $17,547,698.31 traded over the last 24 hours. More information can be found at https://usdd.io/.

USDD

Decentralized USD

Frax (FRAX) is a cryptocurrency and operates on the Ethereum platform. Frax has a current supply of 1,044,853,133.2587842. The last known price of Frax is 0.99469624 USD and is down -0.37 over the last 24 hours. It is currently trading on 333 active market(s) with $11,073,219.15 traded over the last 24 hours. More information can be found at https://frax.finance/#welcome.

Frax

Liquity USD (LUSD) is a cryptocurrency launched in 2021and operates on the Ethereum platform. Liquity USD has a current supply of 262,958,100.18793908. The last known price of Liquity USD is 1.01213111 USD and is up 0.09 over the last 24 hours. It is currently trading on 81 active market(s) with $7,039,105.41 traded over the last 24 hours. More information can be found at https://www.liquity.org/.

Liquity USD

HUSD (HUSD) is a cryptocurrency launched in 2019and operates on the Ethereum platform. HUSD has a current supply of 222,593,861.49423522. The last known price of HUSD is 0.07098374 USD and is down -3.97 over the last 24 hours. It is currently trading on 128 active market(s) with $4,629.66 traded over the last 24 hours. More information can be found at http://www.stcoins.com/.

HUSD

USDX [Kava] (USDX) is a cryptocurrency launched in 2020. USDX [Kava] has a current supply of 107,526,703 with 111,567,264 in circulation. The last known price of USDX [Kava] is 0.84527832 USD and is down -0.42 over the last 24 hours. It is currently trading on 13 active market(s) with $608,063.32 traded over the last 24 hours. More information can be found at https://kava.io.

USDX [Kava]

sUSD (SUSD) is a cryptocurrency and operates on the Ethereum platform. sUSD has a current supply of 42,631,318.04747678. The last known price of sUSD is 0.9995956 USD and is down -0.50 over the last 24 hours. It is currently trading on 138 active market(s) with $3,666,211.34 traded over the last 24 hours. More information can be found at https://www.synthetix.io/.

sUSD

Celo

Celo Dollar (CUSD) is a cryptocurrency launched in 2020and operates on the Celo platform. Celo Dollar has a current supply of 57,241,566.21607361 with 40,735,266.87039608 in circulation. The last known price of Celo Dollar is 0.9969572 USD and is down -0.54 over the last 24 hours. It is currently trading on 50 active market(s) with $1,412,011.71 traded over the last 24 hours. More information can be found at https://celo.org/.

Celo Dollar

Origin Dollar (OUSD) is a cryptocurrency and operates on the Ethereum platform. Origin Dollar has a current supply of 33,978,607. The last known price of Origin Dollar is 0.99889814 USD and is down -0.20 over the last 24 hours. It is currently trading on 15 active market(s) with $1,090,375.71 traded over the last 24 hours. More information can be found at https://www.ousd.com.

Origin Dollar

Vai (VAI) is a cryptocurrency launched in 2020and operates on the BNB Smart Chain (BEP20) platform. Vai has a current supply of 57,498,554. The last known price of Vai is 0.96342322 USD and is down -0.23 over the last 24 hours. It is currently trading on 66 active market(s) with $15,428.20 traded over the last 24 hours. More information can be found at https://venus.io.

Mad USD (MUSD) is a cryptocurrency and operates on the Cronos platform. Mad USD has a current supply of 84,700,000 with 0 in circulation. The last known price of Mad USD is 0.84164831 USD and is down -5.09 over the last 24 hours. It is currently trading on 12 active market(s) with $14,406.09 traded over the last 24 hours. More information can be found at https://mm.finance/.

Mad USD

mStable USD

Mint Marble (MIM) is a cryptocurrency and operates on the Klaytn platform. Mint Marble has a current supply of 1,000,000,000 with 33,800,000 in circulation. The last known price of Mint Marble is 0.1533932 USD and is up 13.89 over the last 24 hours. It is currently trading on 2 active market(s) with $16,946.90 traded over the last 24 hours. More information can be found at https://www.mintmarble.com/.

Mint Marble

Magic Internet Money

Kava

MAI (MIMATIC) is a cryptocurrency and operates on the Polygon platform. MAI has a current supply of 307,484,777 with 0 in circulation. The last known price of MAI is 0.99751496 USD and is down -0.33 over the last 24 hours. It is currently trading on 293 active market(s) with $2,297,354.67 traded over the last 24 hours. More information can be found at http://mai.finance/.

Bean (BEAN) is a cryptocurrency launched in 2021and operates on the Ethereum platform. Bean has a current supply of 42,371,346.082021 with 0 in circulation. The last known price of Bean is 1.02498946 USD and is up 0.00 over the last 24 hours. More information can be found at https://www.bean.money.

Bean

The Beanstalk protocol is a permissionless fiat stablecoin protocol issuing the $BEAN token, a stablecoin that is pegged to the USD and backed by credit instead of collateral.

$BEAN holds its peg based on the algorithmic control of its supply. This happens by either minting new $BEAN or issuing a native, debt token (the so-called 'Pods') in exchange for $BEAN. The debt tokens are issued via Beanstalk's own credit facility (known as the Field). Thereby, the debt tokens are issued when $BEAN tokens are lent to the protocol by creditors.

For a more extensive explanation of $BEAN, the Beanstalk protocol, its background story, and its relevant risks have a look at our in-depth 

The protocol algorithmically balances the supply for $BEAN by either borrowing & burning $BEAN via debt-tokens from creditors in the case of $BEAN trading below its peg or repaying debt with newly minted $BEAN tokens to lower the supply in the case of $BEAN trading above its peg. 

The debt tokens are issued with a fixed interest rate calculated by the protocol (known as the Temperature) and don’t have a maturity date. The interest rate fluctuates based on the current price of $BEAN, the debt level of the protocol, and the change in demand for the debt token. The quantity of debt tokens being issued is a function of the $BEAN price and the interest rate. Both, the amount of debt tokens and their interest rate is continuously adjusted every hour by the protocol.

Newly minted $BEAN are distributed by the protocol as follows:

flexUSD

DOLA (DOLA) is a cryptocurrency launched in 2020and operates on the Ethereum platform. DOLA has a current supply of 55,701,609.749204 with 0 in circulation. The last known price of DOLA is 0.9869979 USD and is down -0.40 over the last 24 hours. It is currently trading on 28 active market(s) with $24,336.90 traded over the last 24 hours. More information can be found at https://www.inverse.finance/.

DOLA

Dola

Reserve (RSV) is a cryptocurrency and operates on the Ethereum platform. Reserve has a current supply of 28,850,666.79. The last known price of Reserve is 0.991545 USD and is down -0.78 over the last 24 hours. It is currently trading on 18 active market(s) with $51,494.19 traded over the last 24 hours. More information can be found at https://reserve.org/.

Reserve

Inter Protocol (https://inter.trade/) is a community organized, decentralized application on the Agoric chain that implements the Inter Stable Token (IST), an overcollateralized, cryptocurrency-backed stable token for the interchain ecosystem. The Hardened JavaScript smart contracts are written using the Zoe framework, which relies on the Electronic Rights Transfer Protocol (ERTP) for token support. IST is designed to maintain parity with the US dollar (USD) for broad accessibility and is the native fee token for the Agoric platform, providing some of the core functionality and stability for the Agoric cryptoeconomy.

Inter Stable Token

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