The StableCoin Index gives an overview of existing stable coins. The homepage lists among other things the info of US dollar Tether, TrueUSD, Dai and bitUSD. It also gives an overview of different types of stable coins.

A stable coin promises — as the name suggests — stability. The companies that offer a stable coin target at least a rule, 1:1 representation of the underlying asset. Although the underlying assets do not have to be a fiat currency, most stable coins correlate to the US dollar. The price is stable, unlike cryptocurrencies. A Tether is always (more or less) worth a dollar. This should, for example, be made possible to protect against volatility. And most of all: to realize his profits before the price changes again.

However, it should be noted that the stable coins only form Fiat currencies, strictly speaking they do not correspond to them. Therefore, between the different stable coins, as you can see on the StableCoin Index , there may be fluctuations between the different stable coins. To provide an overview, The StableCoin Index is divided into various categories.

Fiat-covered stable coins

Back in August of last year, you could see the benefits of Fiat’s covered stable coins like Tether, Trusstoken, Circle, Stably, AAA Reserve and X8X. The upcoming Bitcoin Hard Fork, which ultimately led to Bitcoin Cash, caused uncertainty in Bitcoin holders. As part of this, many decided to swap their coins temporarily in tether. However, there were also doubts about Tether, many are still skeptical about the Stable Coins.

Cryptocurrency covered stable coins

An alternative offers here for example MakerDao. The Dai tokens are among the stable coins covered by cryptos. In the case of MakerDaos Dai tokens, they are covered by Ether. Although every Dai here makes a dollar, but here is the promise to be paid in cryptocurrencies.

Stable coins with algorithmic coverage

Stable coins covered by algorithm include Basis, Fragments, Carbon, and Kowala. The idea behind it is to provide an algorithmic reserve and monetary supply. Thus, for example, one would like to offer Etherum Standard Tokens with low volatility.

The other categories are hybrid and alternative stable coins (Reserve, Saga, Aurora-Boreal, Phi, Stableunit, Moxey, Terra Money). Finally, there are the (precious) metals covered tokens like Digix Global Hellogold.