Just how stable are stablecoins?

While USD stablecoins use different stability mechanisms (fiat-backed, crypto-backed or algorithmic/seigniorage-based), each is designed to mirror the value of a U.S. dollar. But in reality, they often fluctuate, trading either above or below that figure. In other words, one stablecoin might not be quite as stable as another.

As seen above, there are at least 17 stablecoins that are either already trading or that are anticipated to enter the market this year after raising a significant amount of venture capital. Out of the 17, ten are already listed on several exchanges and trading. None of the algorithmic/seigniorage shares-based stablecoins are trading yet.