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

$ 0.999695

+0.01%

0.00%

-0.02%

$ 183.38B

$ 57.38B

USDCoin

USDC

$ 1.00024

0.00%

+0.02%

$ 74.25B

$ 104.87M

Sky Dollar

USDS

$ 1

+0.01%

0.00%

-0.02%

$ 9.85B

$ 61.94K

Ethena USDe

USDE

$ 1

0.00%

+0.02%

$ 4.67B

$ 377.11K

Global Dollar

USDG

$ 1.0

0.00%

$ 3.32B

$ 1.33B

PayPal USD

PYUSD

$ 0.999722

-0.01%

0.00%

-0.02%

$ 2.86B

$ 97.89M

Ripple USD

RLUSD

$ 0.99999

0.00%

$ 2.37B

$ 294.84M

GHO

$ 0.998877

-0.01%

0.00%

+0.04%

$ 698.22M

$ 7.66M

Usual USD

USD0

$ 0.998972

-0.02%

0.00%

+0.02%

$ 547.01M

$ 2.34M

TrueUSD

TUSD

$ 0.9996

+0.02%

-0.01%

+0.01%

$ 494.37M

$ 392.70K

USDtb

USDTB

$ 0.999539

0.00%

-0.03%

$ 482.58M

$ 798.13K

A7A5

$ 0.01180847

0.00%

+0.02%

+0.67%

$ 463.29M

$ 3.17K

First Digital USD

FDUSD

$ 0.9988

+0.01%

-0.01%

-0.02%

$ 325.95M

$ 111.90K

AUSD

$ 0.9997

0.00%

-0.02%

$ 243.20M

$ 7.12M

crvUSD

CRVUSD

$ 0.999967

+0.01%

+0.00%

+0.02%

$ 203.45M

$ 23.75M

EUR CoinVertible

EURCV

$ 1.15

0.00%

-0.86%

$ 190.73M

$ 50.76M

Frax USD

FRXUSD

$ 0.999687

0.00%

-0.01%

$ 103.46M

$ 4.68M

Cygnus Finance Global USD

CGUSD

$ 0.994027

0.00%

-0.03%

$ 75.75M

$ 54.48

USDsui

USDSUI

$ 1.0

+0.01%

0.00%

$ 74.15M

$ 2.71M

Crown BRLV

BRLV

$ 0.193984

0.00%

-1.31%

$ 72.63M

$ 1.84K

DOLA

$ 0.997379

+0.01%

+0.00%

+0.03%

$ 70.12M

$ 270.51K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00642964

0.00%

-0.00%

-0.94%

$ 56.62M

$ 77.21K

Brazilian Digital

BRZ

$ 0.19326

0.00%

-0.00%

-0.64%

$ 52.73M

$ 15.29K

AllUnity CHF

CHFAU

$ 1.22

0.00%

-1.61%

$ 47.64M

$ 18.09K

XUSD

$ 1.0008

0.00%

-0.01%

+0.02%

$ 41.16M

$ 55.24K

Gemini Dollar

GUSD

$ 0.999339

-0.01%

0.00%

-0.01%

$ 39.13M

$ 402.56K

Aegis YUSD

YUSD

$ 0.99938

0.00%

-0.01%

$ 34.93M

$ 51.69K

BUSD

$ 0.999174

-0.01%

0.00%

+0.21%

$ 34.39M

$ 2.15K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 33.25M

$ 299.36K

Monerium EUR emoney

EURE

$ 1.15

0.00%

-0.00%

-0.86%

$ 33.07M

$ 876.21K

TerraClassicUSD

USTC

$ 0.005298

+0.04%

-2.62%

-6.20%

$ 29.40M

$ 10.58M

USDP

$ 0.9982

0.00%

+0.07%

-0.23%

$ 28.03M

$ 8.39K

MetaMask USD

MUSD

$ 0.999672

0.00%

-0.01%

$ 27.30M

$ 4.23M

Tokenised GBP

TGBP

$ 1.35

0.00%

$ 26.89M

$ 209.78K

Liquity USD

LUSD

$ 1.007

-0.10%

-0.00%

+0.40%

$ 26.42M

$ 16.44K

FRAX

$ 0.2677

0.00%

-1.94%

-10.48%

$ 23.66M

$ 237.04K

Electronic USD

EUSD

$ 0.999165

-0.06%

+0.00%

+0.13%

$ 22.65M

$ 204.38K

Hex Trust USD

USDX

$ 0.974241

0.00%

-0.01%

-0.68%

$ 22.33M

$ 6.68

Mento Dollar

USDM

$ 0.992425

-0.59%

+0.00%

-0.59%

$ 14.13M

$ 73.22K

XSGD

$ 0.786222

+0.03%

0.00%

-0.56%

$ 12.96M

$ 545.76K

Stable Coin

SBC

$ 0.999421

0.00%

-0.02%

$ 12.85M

$ 22.87

Stable Mint USD

USDSM

$ 0.999934

-0.01%

$ 12.67M

$ 65.28

USD CoinVertible

USDCV

$ 0.999899

+0.04%

0.00%

-0.01%

$ 12.55M

$ 43.85M

YUSD Stablecoin

YUSD

$ 0.995959

0.00%

-0.01%

$ 11.80M

$ 18.78

USDB

$ 0.996099

+0.02%

+0.00%

+0.33%

$ 11.45M

$ 55.76K

MAI

MIMATIC

$ 0.953604

+0.02%

-0.02%

-2.60%

$ 11.34M

$ 22.63K

USAT

$ 0.9997

0.00%

+0.01%

0.00%

$ 10.00M

$ 56.16K

Rupiah Token

IDRT

$ 5.694E-5

0.00%

+0.18%

+2.21%

$ 9.90M

Alchemix USD

ALUSD

$ 0.947618

-0.01%

-0.00%

-0.48%

$ 9.78M

$ 131.47K

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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