Compare issuers, collateral types, stability, and fees of major stablecoins at a glance, and find the one that fits your needs.
Compare issuers, collateral, regulation, fees, and more
| Category | USDT (Tether) | USDC (Circle) | DAI (MakerDAO) | KRWQ (IQ+Frax) |
|---|---|---|---|---|
| Issuer | Tether Limited (HK) | Circle (USA) | MakerDAO (Decentralized) | IQ + Frax Finance |
| Collateral Type | Fiat + commercial paper + treasuries | Cash + US Treasuries 100% | Crypto over-collateralized (150%+) | BlackRock funds etc. 100%+ backed |
| Pegged To | US Dollar (USD) | US Dollar (USD) | US Dollar (USD) | Korean Won (KRW) |
| Market Cap (approx.) | $140B+ | $35B+ | $5B+ | Early stage |
| Transparency | Quarterly attestations | Monthly independent audits | On-chain real-time disclosure | Collateral composition disclosed |
| Regulatory Compliance | CFTC fine history, partial compliance | SEC, FinCEN compliant | Not applicable (DeFi) | Compliance in progress |
| DeFi Support | Very high (all chains) | High (major chains) | Very high (Ethereum-centric) | Base, Ethereum (expanding) |
| Transaction Fees | Varies by network | Varies by network | Ethereum gas fees | Varies by network |
Trust scores by key metrics
Pros
Highest liquidity, widest trading pairs, all exchanges supported
Cons
Collateral transparency concerns, past regulatory issues
Pros
High transparency, monthly audits, strong regulatory compliance
Cons
SVB de-pegging experience, lower liquidity vs USDT
Pros
Fully decentralized, on-chain transparency, censorship resistant
Cons
Liquidation risk on ETH drops, complex structure
Pros
1:1 KRW peg, enables KRW usage in DeFi
Cons
Early stage, limited liquidity
Past price deviation events of major stablecoins
Temporarily dropped to $0.95 during the 2022 UST collapse. Short-term de-peg due to market panic, quickly recovered.
Dropped to $0.87 after Silicon Valley Bank (SVB) bankruptcy froze part of its reserves. Had $3.3B deposited at SVB, recovered after government deposit protection.
During the March 2020 COVID crash (Black Thursday), massive liquidations occurred due to ETH price drops. Temporarily rose above $1.10.
No significant de-pegging events since launch in 2025. Limited data due to early stage and low trading volume.
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Disclaimer
This comparison tool is for educational and informational purposes only and does not constitute investment advice. Data may change; always verify the latest information before investing.