Top Fiat-backed Stablecoins by Market Capitalisation

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 collateralised structure ensures high liquidity and stability, making them a cornerstone of crypto trading.

Coin

Price

Last 7 Days

Action

Tether

USDT

$ 0.99979

0.00%

+0.01%

$ 183.39B

$ 56.87B

USDCoin

USDC

$ 1.00015

0.00%

-0.01%

+0.01%

$ 74.24B

$ 106.66M

Sky Dollar

USDS

$ 1

+0.01%

+0.02%

-0.01%

$ 9.85B

$ 60.96K

Ethena USDe

USDE

$ 1.0001

0.00%

-0.02%

$ 4.67B

$ 1.67M

Global Dollar

USDG

$ 1.0

0.00%

$ 3.32B

$ 1.32B

PayPal USD

PYUSD

$ 0.999909

+0.01%

0.00%

$ 2.87B

$ 102.04M

Ripple USD

RLUSD

$ 0.999962

0.00%

$ 2.38B

$ 279.67M

GHO

$ 0.9988

0.00%

+0.03%

$ 698.15M

$ 5.53M

Usual USD

USD0

$ 0.99918

+0.02%

0.00%

+0.04%

$ 547.15M

$ 2.25M

TrueUSD

TUSD

$ 0.9996

0.00%

-0.01%

0.00%

$ 494.32M

$ 392.68K

USDtb

USDTB

$ 0.999641

0.00%

-0.02%

$ 482.63M

$ 901.70K

A7A5

$ 0.01185969

0.00%

+0.02%

+0.32%

$ 465.32M

$ 3.08K

First Digital USD

FDUSD

$ 0.9987

0.00%

-0.02%

+0.01%

$ 325.95M

$ 111.17K

AUSD

$ 0.999636

0.00%

-0.01%

$ 243.18M

$ 9.78M

crvUSD

CRVUSD

$ 0.999736

+0.02%

0.00%

+0.03%

$ 204.88M

$ 19.58M

EUR CoinVertible

EURCV

$ 1.15

0.00%

-0.00%

-0.86%

$ 190.77M

$ 50.44M

Frax USD

FRXUSD

$ 0.999609

0.00%

-0.01%

$ 104.40M

$ 3.99M

Cygnus Finance Global USD

CGUSD

$ 0.994226

0.00%

-0.01%

$ 75.76M

$ 15.15

USDsui

USDSUI

$ 1.001

0.00%

+0.16%

$ 74.16M

$ 2.70M

Crown BRLV

BRLV

$ 0.193984

0.00%

-1.31%

$ 72.63M

$ 1.84K

DOLA

$ 0.997461

0.00%

+0.02%

$ 70.12M

$ 279.52K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00643963

+0.01%

-0.00%

-0.85%

$ 56.70M

$ 66.35K

Brazilian Digital

BRZ

$ 0.193628

+0.04%

-0.00%

-0.30%

$ 52.83M

$ 15.35K

AllUnity CHF

CHFAU

$ 1.22

0.00%

-1.61%

$ 47.66M

$ 18.84K

XUSD

$ 1.0009

-0.01%

+0.01%

-0.01%

$ 41.16M

$ 57.36K

Gemini Dollar

GUSD

$ 0.999476

0.00%

+0.01%

$ 39.13M

$ 397.70K

Aegis YUSD

YUSD

$ 0.999513

0.00%

+0.00%

+0.01%

$ 34.93M

$ 49.36K

BUSD

$ 0.99999

0.00%

+0.00%

+0.06%

$ 34.42M

$ 2.14K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 33.25M

$ 301.49K

Monerium EUR emoney

EURE

$ 1.15

0.00%

-0.00%

-0.86%

$ 32.94M

$ 969.08K

TerraClassicUSD

USTC

$ 0.005359

-0.02%

-1.14%

-4.63%

$ 29.86M

$ 10.35M

USDP

$ 0.9976

0.00%

+0.03%

-0.29%

$ 28.02M

$ 7.68K

MetaMask USD

MUSD

$ 0.999792

0.00%

$ 27.50M

$ 4.50M

Tokenised GBP

TGBP

$ 1.35

0.00%

-0.74%

$ 26.96M

$ 49.76K

Liquity USD

LUSD

$ 1.008

0.00%

-0.00%

-0.20%

$ 26.43M

$ 14.48K

FRAX

$ 0.2711

-0.41%

-1.78%

-8.69%

$ 23.84M

$ 232.29K

Hex Trust USD

USDX

$ 0.990952

+0.40%

+0.01%

-0.54%

$ 22.70M

$ 6.80

Electronic USD

EUSD

$ 0.998873

-0.11%

0.00%

+0.09%

$ 22.64M

$ 199.94K

Mento Dollar

USDM

$ 0.99255

-0.84%

-0.00%

+0.28%

$ 14.13M

$ 80.17K

XSGD

$ 0.786494

-0.01%

-0.00%

-0.54%

$ 12.97M

$ 731.57K

Stable Coin

SBC

$ 0.99973

0.00%

+0.01%

$ 12.75M

$ 22.54

USD CoinVertible

USDCV

$ 0.999651

-0.03%

0.00%

-0.03%

$ 12.55M

$ 44.42M

YUSD Stablecoin

YUSD

$ 0.996093

0.00%

+0.01%

$ 11.80M

$ 17.94

Stable Mint USD

USDSM

$ 0.925407

-6.99%

-0.03%

-7.45%

$ 11.65M

$ 1.52

USDB

$ 0.994604

-0.01%

-0.00%

-0.54%

$ 11.44M

$ 84.93K

MAI

MIMATIC

$ 0.955682

-0.15%

-0.02%

-2.39%

$ 11.34M

$ 30.51K

USAT

$ 0.9996

0.00%

+0.05%

$ 10.00M

$ 54.19K

Rupiah Token

IDRT

$ 5.694E-5

0.00%

+0.25%

+3.47%

$ 9.90M

Alchemix USD

ALUSD

$ 0.947664

0.00%

-0.00%

-0.48%

$ 9.78M

$ 115.94K

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 Capitalisation

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