Top Fiat-backed Stablecoins by Market Capitalization

Fiat-backed stablecoins are digital assets directly pegged 1:1 to the value of a specific government-issued currency, such as the US Dollar. Issuing entities maintain reserves of actual fiat currency or equivalent liquid assets to back the tokens in circulation. This collateralized structure ensures high liquidity and stability, making them a cornerstone of crypto trading.

Coin

Price

Last 7 Days

Action

Tether

USDT

$ 0.999598

0.00%

-0.04%

$ 183.39B

$ 57.10B

USDCoin

USDC

$ 1.00032

0.00%

+0.04%

$ 74.17B

$ 108.14M

Sky Dollar

USDS

$ 1.0001

-0.01%

-0.04%

+0.04%

$ 9.83B

$ 111.77K

Ethena USDe

USDE

$ 1

0.00%

-0.01%

+0.01%

$ 4.52B

$ 1.89M

Global Dollar

USDG

$ 0.999996

0.00%

$ 3.31B

$ 1.39B

PayPal USD

PYUSD

$ 0.999815

0.00%

-0.02%

$ 2.78B

$ 114.22M

Ripple USD

RLUSD

$ 0.999928

0.00%

-0.01%

$ 2.41B

$ 257.24M

GHO

$ 0.998182

0.00%

-0.10%

$ 697.72M

$ 3.54M

Usual USD

USD0

$ 0.998652

-0.02%

0.00%

-0.01%

$ 547.68M

$ 107.97K

TrueUSD

TUSD

$ 0.9995

0.00%

-0.01%

$ 494.27M

$ 8.77K

USDtb

USDTB

$ 0.999578

0.00%

-0.04%

$ 483.30M

$ 25.62K

A7A5

$ 0.01183039

0.00%

+0.02%

+2.05%

$ 464.13M

$ 3.14K

First Digital USD

FDUSD

$ 0.999

+0.02%

0.00%

+0.04%

$ 329.51M

$ 77.16K

AUSD

$ 0.999526

0.00%

-0.05%

$ 241.89M

$ 10.34M

crvUSD

CRVUSD

$ 0.999275

-0.01%

0.00%

-0.07%

$ 205.08M

$ 10.16M

EUR CoinVertible

EURCV

$ 1.16

0.00%

-0.00%

0.00%

$ 191.75M

$ 34.30M

Frax USD

FRXUSD

$ 0.999529

+0.01%

0.00%

-0.05%

$ 107.45M

$ 2.47M

Cygnus Finance Global USD

CGUSD

$ 0.994166

0.00%

-0.05%

$ 75.76M

$ 6.00

USDsui

USDSUI

$ 1.0

0.00%

+0.02%

$ 74.12M

$ 2.55M

Crown BRLV

BRLV

$ 0.195922

0.00%

+0.45%

$ 73.31M

$ 5.80K

DOLA

$ 0.996581

0.00%

-0.09%

$ 69.97M

$ 507.20K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00645981

0.00%

-0.00%

+1.17%

$ 56.88M

$ 82.51K

Brazilian Digital

BRZ

$ 0.195574

+0.34%

0.00%

+0.58%

$ 53.26M

$ 44.07K

AllUnity CHF

CHFAU

$ 1.23

0.00%

-0.00%

-0.81%

$ 47.76M

$ 16.66K

XUSD

$ 1.0008

0.00%

-0.01%

+0.04%

$ 41.16M

$ 49.34K

Gemini Dollar

GUSD

$ 0.999152

0.00%

-0.02%

$ 39.18M

$ 288.87K

Aegis YUSD

YUSD

$ 1.0

+0.07%

+0.00%

+0.03%

$ 34.94M

$ 4.09K

BUSD

$ 0.998986

-0.04%

+0.00%

+0.17%

$ 34.38M

$ 2.15K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.36M

$ 164.98K

Monerium EUR emoney

EURE

$ 1.16

0.00%

-0.00%

0.00%

$ 32.87M

$ 1.05M

USDP

$ 0.9986

0.00%

-0.47%

$ 29.13M

$ 28.00K

TerraClassicUSD

USTC

$ 0.005029

-0.04%

-2.31%

-5.55%

$ 28.46M

$ 12.33M

MetaMask USD

MUSD

$ 0.999644

0.00%

-0.04%

$ 27.21M

$ 8.05M

Tokenised GBP

TGBP

$ 1.35

0.00%

-0.00%

0.00%

$ 26.97M

$ 171.38K

Liquity USD

LUSD

$ 1.008

0.00%

+0.00%

+0.10%

$ 26.56M

$ 8.55K

FRAX

$ 0.2699

-0.04%

-3.26%

-7.18%

$ 24.08M

$ 217.52K

Electronic USD

EUSD

$ 0.99788

-0.18%

0.00%

-0.07%

$ 22.78M

$ 199.87K

Hex Trust USD

USDX

$ 0.992435

0.00%

+0.01%

-0.12%

$ 22.52M

$ 44.02

Stable Coin

SBC

$ 0.999618

0.00%

-0.02%

$ 20.56M

$ 18.93K

Mento Dollar

USDM

$ 1.002

+0.20%

+0.00%

+0.52%

$ 14.37M

$ 753.60K

Stable Mint USD

USDSM

$ 0.999713

0.00%

-0.01%

$ 13.71M

$ 6.05K

XSGD

$ 0.787733

-0.09%

-0.00%

-0.17%

$ 12.99M

$ 498.23K

USD CoinVertible

USDCV

$ 0.999958

0.00%

$ 12.55M

$ 26.05M

YUSD Stablecoin

YUSD

$ 0.995803

0.00%

-0.01%

$ 11.80M

$ 10.54

MAI

MIMATIC

$ 0.977899

0.00%

-0.04%

$ 11.60M

$ 5.18K

USDB

$ 0.999134

-0.02%

+0.00%

+0.39%

$ 11.59M

$ 45.16K

USAT

$ 0.9998

0.00%

+0.02%

0.00%

$ 10.00M

$ 50.33K

Alchemix USD

ALUSD

$ 0.948264

-0.01%

-0.00%

-0.44%

$ 9.87M

$ 56.25K

Rupiah Token

IDRT

$ 5.501E-5

0.00%

-2.69%

$ 9.56M

Frequently Asked Questions

What exactly are fiat-backed stablecoins?

Fiat-backed stablecoins are digital tokens strictly pegged to the value of a specific government-issued currency, such as the US dollar. The issuing company holds an equivalent amount of physical fiat money in reserve to back the stablecoin supply.

How do fiat-backed stablecoins differ from algorithmic stablecoins?

Fiat-backed stablecoins rely on physical bank reserves to guarantee a direct 1:1 redemption value. Algorithmic stablecoins do not use fiat reserves, relying instead on complex code and market arbitrage incentives to dynamically balance token supply.

Why is reserve transparency critical for fiat-backed stablecoins?

Reserve transparency and independent auditing prove that the issuer actually holds the physical fiat backing every circulating stablecoin, which is vital for maintaining user trust and preventing liquidity crises.

Can fiat-backed stablecoins face regulatory actions or account freezes?

Yes. Because fiat-backed stablecoins interface with traditional banking systems, fiat-backed stablecoins are highly susceptible to government regulations, and issuing entities can blacklist or freeze specific stablecoin addresses.

Disclaimer

The inclusion of digital assets in the Fiat-backed Stablecoin sector, along with the classification rules and market data, are sourced from independent third parties. Listing a token in this category does not constitute an endorsement, guarantee, or investment recommendation by MEXC. All content is for informational purposes only. Cryptocurrency prices are subject to market fluctuations; please conduct your own research (DYOR) and trade cautiously.

Top Fiat-backed Stablecoins by Market Capitalization

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