Top Algorithmic Stablecoin Coins by Market Cap

The Algorithmic Stablecoin category has a total market cap of $1.53B, up 0.60% in the last 24 hours, with $2.63M traded. 2 coins listed.

	#	Name	Price	1h %	24h %	7d %	Market Cap	Volume (24h)	Circulating Supply	Last 7 Days
	61	USDDUSDD	$0.9991	0.03%	0.05%	0.05%	$1,487,216,076	$1,852,907	1,488,604,058 USDD
	252	Hive DollarHBD	$3.47	1.06%	22.57%	249.83%	$114,653,639	$2,480,352	33,005,961 HBD

About Algorithmic Stablecoin

An algorithmic stablecoin is a type of stablecoin that maintains its peg to a specific value, such as a fiat currency or other assets through algorithmic mechanisms. These mechanisms adjust the supply of the stablecoin based on market demand often by issuing more coins when the price is above the peg and buying back or burning coins when the price is below the peg.