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Stablecoins

What backs the dollars

What backs the dollars

How much of the float is backed by fiat in an account, by collateral on-chain, or by a mechanism.

Fiat-backed

92.2%

$283B

17 tokens

Crypto-backed

7.6%

$23B

12 tokens

Algorithmic

0.1%

$409M

1 token

What stands behind each dollar: money in an account, collateral on-chain, or a mechanism. In May 2022 an algorithmic dollar worth about $18B lost its peg and collapsed within days — the share is worth knowing.

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How this is built

How much of the float is backed by fiat in an account, by collateral on-chain, or by a mechanism.

FormulaΣ supply per backing

This one is ours. It is free to read and free to use; if you copy the formula or the idea, link back to this page.