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

$ 0.999682

-0.01%

0.00%

-0.03%

$ 183.40B

$ 69.89B

USDCoin

USDC

$ 1.00017

0.00%

+0.03%

$ 74.16B

$ 107.94M

Sky Dollar

USDS

$ 1

0.00%

+0.05%

$ 9.83B

$ 54.54K

Ethena USDe

USDE

$ 1.0002

+0.01%

+0.03%

$ 4.52B

$ 1.67M

Global Dollar

USDG

$ 1.0

0.00%

$ 3.31B

$ 2.07B

PayPal USD

PYUSD

$ 0.999938

0.00%

$ 2.77B

$ 83.93M

Ripple USD

RLUSD

$ 0.999833

-0.02%

0.00%

-0.01%

$ 2.40B

$ 301.06M

GHO

$ 0.998759

-0.01%

0.00%

-0.04%

$ 698.13M

$ 8.79M

Usual USD

USD0

$ 0.998869

0.00%

+0.00%

+0.01%

$ 547.33M

$ 991.53K

TrueUSD

TUSD

$ 0.9996

-0.01%

$ 494.27M

$ 8.82K

USDtb

USDTB

$ 0.999638

-0.02%

0.00%

-0.04%

$ 483.68M

$ 50.69K

A7A5

$ 0.01168015

0.00%

-0.02%

+1.18%

$ 458.25M

$ 892.98

First Digital USD

FDUSD

$ 0.9988

-0.02%

+0.01%

+0.03%

$ 329.45M

$ 122.93K

AUSD

$ 0.999655

-0.02%

0.00%

-0.03%

$ 241.32M

$ 12.05M

crvUSD

CRVUSD

$ 0.99973

+0.01%

0.00%

-0.03%

$ 214.69M

$ 40.12M

EUR CoinVertible

EURCV

$ 1.16

0.00%

-0.00%

0.00%

$ 191.78M

$ 41.27M

Frax USD

FRXUSD

$ 0.999822

0.00%

-0.01%

$ 107.49M

$ 2.34M

Cygnus Finance Global USD

CGUSD

$ 0.995956

-0.01%

+0.00%

+0.13%

$ 75.89M

$ 7.32

USDsui

USDSUI

$ 0.999288

-0.17%

0.00%

-0.17%

$ 74.05M

$ 2.83M

Crown BRLV

BRLV

$ 0.195222

-0.11%

-0.00%

+0.09%

$ 73.07M

$ 4.35K

DOLA

$ 0.99708

-0.03%

0.00%

-0.03%

$ 69.99M

$ 351.58K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.0064944

0.00%

+0.00%

+1.77%

$ 57.19M

$ 79.13K

Brazilian Digital

BRZ

$ 0.196049

+0.12%

+0.04%

+1.20%

$ 53.42M

$ 20.26K

AllUnity CHF

CHFAU

$ 1.23

0.00%

-0.00%

-0.81%

$ 47.71M

$ 20.35K

XUSD

$ 0.9999

+0.01%

-0.07%

-0.05%

$ 41.13M

$ 52.86K

Gemini Dollar

GUSD

$ 1.001

0.00%

+0.00%

+0.15%

$ 39.25M

$ 489.96K

Aegis YUSD

YUSD

$ 1.0

+0.17%

0.00%

$ 34.95M

$ 9.48K

BUSD

$ 0.999529

0.00%

+0.00%

+0.12%

$ 34.40M

$ 2.86K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.37M

$ 123.92K

Monerium EUR emoney

EURE

$ 1.16

0.00%

-0.00%

0.00%

$ 32.81M

$ 1.31M

USDP

$ 0.9982

+0.02%

-0.05%

-0.50%

$ 29.12M

$ 33.98K

TerraClassicUSD

USTC

$ 0.005067

-0.47%

+0.02%

-5.84%

$ 28.47M

$ 11.53M

MetaMask USD

MUSD

$ 0.999794

0.00%

-0.02%

$ 27.67M

$ 5.36M

Tokenised GBP

TGBP

$ 1.35

0.00%

$ 26.99M

$ 160.39K

Liquity USD

LUSD

$ 1.01

0.00%

-0.00%

+0.20%

$ 26.55M

$ 80.72K

FRAX

$ 0.2725

-0.47%

+1.74%

-6.63%

$ 24.25M

$ 221.90K

Electronic USD

EUSD

$ 0.998138

-0.02%

0.00%

-0.06%

$ 22.78M

$ 302.98K

Hex Trust USD

USDX

$ 0.987363

-0.29%

-0.00%

-0.63%

$ 22.40M

$ 2.06

Stable Coin

SBC

$ 0.99955

-0.02%

0.00%

-0.02%

$ 20.68M

$ 20.55K

Mento Dollar

USDM

$ 1.006

+0.50%

+0.01%

+0.83%

$ 14.60M

$ 814.16K

XSGD

$ 0.788373

+0.02%

0.00%

-0.03%

$ 13.00M

$ 693.43K

USD CoinVertible

USDCV

$ 1.0

+0.02%

0.00%

+0.02%

$ 12.55M

$ 58.63M

Stable Mint USD

USDSM

$ 0.999805

0.00%

$ 12.22M

$ 22.05K

YUSD Stablecoin

YUSD

$ 0.996065

0.00%

-0.08%

$ 11.80M

$ 30.50

MAI

MIMATIC

$ 0.97679

-0.21%

0.00%

-0.49%

$ 11.59M

$ 9.43K

USDB

$ 0.996187

-0.15%

-0.00%

-0.48%

$ 11.45M

$ 100.73K

USAT

$ 0.9996

0.00%

+0.01%

$ 10.00M

$ 52.13K

Alchemix USD

ALUSD

$ 0.948378

+0.01%

+0.00%

-0.53%

$ 9.87M

$ 70.30K

Rupiah Token

IDRT

$ 5.654E-5

+2.84%

0.00%

+2.06%

$ 9.70M

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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