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

$ 0.99978

0.00%

$ 183.39B

$ 56.64B

USDCoin

USDC

$ 1.0002

0.00%

-0.02%

+0.02%

$ 74.24B

$ 104.48M

Sky Dollar

USDS

$ 0.9998

-0.01%

+0.01%

-0.01%

$ 9.85B

$ 60.90K

Ethena USDe

USDE

$ 1.0001

0.00%

+0.01%

$ 4.67B

$ 937.53K

Global Dollar

USDG

$ 1.0

0.00%

$ 3.32B

$ 1.34B

PayPal USD

PYUSD

$ 0.99997

+0.01%

0.00%

$ 2.87B

$ 96.04M

Ripple USD

RLUSD

$ 1.0

0.00%

$ 2.37B

$ 290.03M

GHO

$ 0.998859

-0.01%

0.00%

+0.02%

$ 698.20M

$ 5.73M

Usual USD

USD0

$ 0.999208

+0.02%

0.00%

+0.04%

$ 547.17M

$ 2.28M

TrueUSD

TUSD

$ 0.9995

0.00%

-0.03%

-0.01%

$ 494.27M

$ 392.69K

USDtb

USDTB

$ 0.999625

0.00%

-0.03%

$ 482.62M

$ 916.97K

A7A5

$ 0.01181005

0.00%

+0.02%

-0.45%

$ 463.35M

$ 3.18K

First Digital USD

FDUSD

$ 0.9988

0.00%

-0.02%

$ 325.95M

$ 110.36K

AUSD

$ 0.999631

0.00%

-0.02%

$ 243.18M

$ 7.99M

crvUSD

CRVUSD

$ 0.999621

-0.01%

0.00%

-0.03%

$ 203.79M

$ 20.07M

EUR CoinVertible

EURCV

$ 1.15

0.00%

-0.00%

-0.86%

$ 190.85M

$ 50.64M

Frax USD

FRXUSD

$ 0.999588

-0.02%

0.00%

-0.04%

$ 104.14M

$ 4.28M

Cygnus Finance Global USD

CGUSD

$ 0.994235

0.00%

-0.02%

$ 75.76M

$ 15.15

USDsui

USDSUI

$ 1.0

-0.10%

0.00%

-0.10%

$ 74.14M

$ 2.72M

Crown BRLV

BRLV

$ 0.193984

0.00%

-1.31%

$ 72.63M

$ 1.84K

DOLA

$ 0.997457

-0.01%

0.00%

-0.01%

$ 70.12M

$ 282.02K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00642347

-0.01%

-0.00%

-1.00%

$ 56.56M

$ 58.37K

Brazilian Digital

BRZ

$ 0.193462

-0.03%

-0.00%

-0.43%

$ 52.79M

$ 15.33K

AllUnity CHF

CHFAU

$ 1.22

0.00%

-1.61%

$ 47.65M

$ 19.46K

XUSD

$ 1.0009

+0.01%

+0.03%

+0.02%

$ 41.17M

$ 56.63K

Gemini Dollar

GUSD

$ 0.999455

0.00%

$ 39.13M

$ 403.33K

Aegis YUSD

YUSD

$ 0.999528

0.00%

+0.00%

0.00%

$ 34.93M

$ 49.43K

BUSD

$ 0.999281

-0.03%

0.00%

-0.02%

$ 34.39M

$ 1.96K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 33.24M

$ 299.47K

Monerium EUR emoney

EURE

$ 1.15

0.00%

-0.01%

-0.86%

$ 32.91M

$ 828.87K

TerraClassicUSD

USTC

$ 0.00536

0.00%

-1.09%

-4.52%

$ 29.87M

$ 10.38M

USDP

$ 0.9981

-0.01%

+0.08%

-0.23%

$ 28.03M

$ 8.40K

MetaMask USD

MUSD

$ 0.999807

0.00%

-0.01%

$ 27.70M

$ 4.62M

Tokenised GBP

TGBP

$ 1.35

0.00%

-0.00%

0.00%

$ 26.90M

$ 148.78K

Liquity USD

LUSD

$ 1.008

+0.10%

-0.00%

-0.40%

$ 26.43M

$ 15.21K

FRAX

$ 0.2702

-0.37%

-1.35%

-9.57%

$ 23.83M

$ 235.36K

Electronic USD

EUSD

$ 0.999511

+0.08%

+0.00%

+0.18%

$ 22.66M

$ 200.01K

Hex Trust USD

USDX

$ 0.983589

-0.41%

-0.00%

-0.33%

$ 22.54M

$ 6.75

Mento Dollar

USDM

$ 0.992535

0.00%

-0.00%

-0.69%

$ 14.13M

$ 74.08K

XSGD

$ 0.786195

0.00%

-0.00%

-0.54%

$ 12.96M

$ 724.75K

Stable Coin

SBC

$ 0.999713

0.00%

-0.01%

$ 12.75M

$ 22.54

Stable Mint USD

USDSM

$ 0.999998

0.00%

+0.01%

$ 12.67M

$ 2.70

USD CoinVertible

USDCV

$ 0.999856

-0.01%

0.00%

-0.01%

$ 12.54M

$ 44.31M

YUSD Stablecoin

YUSD

$ 0.996106

0.00%

+0.01%

$ 11.80M

$ 17.94

USDB

$ 0.994664

-0.12%

+0.00%

-1.03%

$ 11.44M

$ 69.29K

MAI

MIMATIC

$ 0.953469

+0.01%

-0.02%

-2.64%

$ 11.31M

$ 22.23K

USAT

$ 0.9996

-0.01%

-0.02%

+0.01%

$ 10.00M

$ 56.23K

Rupiah Token

IDRT

$ 5.694E-5

0.00%

+0.16%

+2.61%

$ 9.90M

Alchemix USD

ALUSD

$ 0.947693

0.00%

-0.00%

-0.61%

$ 9.78M

$ 115.98K

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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