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

$ 0.99962

0.00%

-0.04%

$ 183.39B

$ 59.45B

USDCoin

USDC

$ 1.00026

-0.01%

+0.01%

+0.05%

$ 74.81B

$ 116.90M

Sky Dollar

USDS

$ 1.0001

-0.01%

-0.05%

+0.01%

$ 10.57B

$ 210.94K

Ethena USDe

USDE

$ 1

+0.01%

+0.03%

$ 4.49B

$ 1.23M

Global Dollar

USDG

$ 0.999941

0.00%

-0.01%

$ 3.31B

$ 1.23B

PayPal USD

PYUSD

$ 0.99994

0.00%

-0.01%

$ 2.81B

$ 116.95M

Ripple USD

RLUSD

$ 0.999956

0.00%

$ 2.40B

$ 107.38M

GHO

$ 0.998613

-0.01%

0.00%

-0.07%

$ 698.03M

$ 4.19M

Usual USD

USD0

$ 0.997033

0.00%

-0.00%

-0.20%

$ 546.83M

$ 202.25K

TrueUSD

TUSD

$ 0.9995

-0.01%

+0.01%

$ 494.32M

$ 7.88K

USDtb

USDTB

$ 0.999522

0.00%

-0.05%

$ 483.27M

$ 751.32K

A7A5

$ 0.01189413

0.00%

+0.02%

+2.85%

$ 466.64M

$ 3.18K

First Digital USD

FDUSD

$ 0.9988

0.00%

-0.03%

+0.02%

$ 337.11M

$ 95.07K

AUSD

$ 0.999717

0.00%

-0.03%

$ 256.99M

$ 7.45M

crvUSD

CRVUSD

$ 0.999959

0.00%

+0.03%

$ 206.83M

$ 17.80M

EUR CoinVertible

EURCV

$ 1.16

0.00%

-0.00%

0.00%

$ 192.02M

$ 38.79M

Frax USD

FRXUSD

$ 0.999693

-0.01%

0.00%

-0.02%

$ 107.60M

$ 3.98M

Cygnus Finance Global USD

CGUSD

$ 0.994146

0.00%

-0.06%

$ 75.76M

$ 1.04

USDsui

USDSUI

$ 1.0

0.00%

$ 74.14M

$ 1.77M

Crown BRLV

BRLV

$ 0.195912

0.00%

+0.00%

+0.44%

$ 73.31M

$ 5.83K

DOLA

$ 0.996736

-0.02%

0.00%

-0.10%

$ 70.02M

$ 460.72K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00646975

0.00%

-0.00%

+1.29%

$ 56.97M

$ 76.86K

Brazilian Digital

BRZ

$ 0.188485

-0.01%

-0.03%

-3.06%

$ 51.32M

$ 48.50K

AllUnity CHF

CHFAU

$ 1.23

0.00%

-0.00%

-0.81%

$ 48.98M

$ 14.04K

XUSD

$ 1.0008

+0.04%

+0.01%

+0.05%

$ 44.60M

$ 52.24K

Gemini Dollar

GUSD

$ 0.999422

+0.04%

0.00%

-0.02%

$ 39.36M

$ 535.73K

Aegis YUSD

YUSD

$ 0.999284

+0.04%

0.00%

-0.06%

$ 34.92M

$ 3.22K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.37M

$ 304.63K

BUSD

$ 0.995059

-0.03%

-0.00%

-0.49%

$ 34.25M

$ 39.46K

Monerium EUR emoney

EURE

$ 1.16

0.00%

$ 32.68M

$ 762.68K

USDP

$ 0.9984

+0.04%

-0.16%

-0.41%

$ 31.92M

$ 32.71K

TerraClassicUSD

USTC

$ 0.005122

-0.04%

-8.56%

-3.15%

$ 28.48M

$ 15.31M

Tokenised GBP

TGBP

$ 1.35

0.00%

-0.00%

0.00%

$ 26.97M

$ 249.35K

Liquity USD

LUSD

$ 1.014

+0.10%

+0.00%

+0.60%

$ 26.72M

$ 7.38K

MetaMask USD

MUSD

$ 0.999665

0.00%

-0.03%

$ 26.61M

$ 4.92M

FRAX

$ 0.2694

+0.30%

-8.12%

-6.34%

$ 23.87M

$ 198.92K

Electronic USD

EUSD

$ 0.997796

-0.20%

-0.00%

-0.02%

$ 22.84M

$ 279.45K

Hex Trust USD

USDX

$ 0.992435

0.00%

-0.12%

$ 22.52M

$ 44.02

Stable Coin

SBC

$ 0.999451

0.00%

-0.05%

$ 20.51M

$ 20.75K

Stable Mint USD

USDSM

$ 1.0

0.00%

+0.03%

$ 15.21M

$ 25.69K

Mento Dollar

USDM

$ 1.004

+0.40%

+0.00%

+0.30%

$ 14.32M

$ 140.38K

XSGD

$ 0.788996

-0.03%

-0.00%

+0.17%

$ 12.83M

$ 466.69K

USD CoinVertible

USDCV

$ 1.0

+0.03%

0.00%

$ 12.55M

$ 27.66M

YUSD Stablecoin

YUSD

$ 0.996019

0.00%

$ 11.80M

$ 12.04

USDB

$ 1.003

0.00%

+0.01%

+0.64%

$ 11.63M

$ 26.23K

MAI

MIMATIC

$ 0.977825

+0.01%

-0.00%

-0.13%

$ 11.60M

$ 6.44K

USAT

$ 0.9995

-0.07%

-0.04%

$ 9.99M

$ 51.99K

Alchemix USD

ALUSD

$ 0.946621

+0.15%

-0.00%

+0.48%

$ 9.85M

$ 80.20K

Rupiah Token

IDRT

$ 5.501E-5

0.00%

+0.02%

-2.33%

$ 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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