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

$ 0.999483

0.00%

-0.04%

$ 183.34B

$ 61.03B

USDCoin

USDC

$ 1.00051

0.00%

+0.05%

+0.04%

$ 74.27B

$ 106.79M

Sky Dollar

USDS

$ 0.9997

-0.04%

-0.03%

-0.06%

$ 9.85B

$ 62.47K

Ethena USDe

USDE

$ 1

-0.01%

+0.01%

0.00%

$ 4.67B

$ 196.64K

Global Dollar

USDG

$ 1.0

0.00%

$ 3.30B

$ 1.23B

PayPal USD

PYUSD

$ 0.99964

0.00%

-0.03%

$ 2.84B

$ 114.59M

Ripple USD

RLUSD

$ 1.0

+0.01%

0.00%

$ 2.36B

$ 304.42M

GHO

$ 0.998619

0.00%

+0.01%

$ 698.04M

$ 9.39M

Usual USD

USD0

$ 0.998986

+0.01%

0.00%

+0.02%

$ 547.01M

$ 182.89K

TrueUSD

TUSD

$ 0.9993

0.00%

-0.01%

$ 494.27M

$ 85.35K

USDtb

USDTB

$ 0.999746

0.00%

-0.01%

$ 482.82M

$ 2.72M

A7A5

$ 0.01181368

+0.01%

-0.00%

+1.72%

$ 463.50M

$ 2.79K

First Digital USD

FDUSD

$ 0.9993

0.00%

-0.04%

$ 325.92M

$ 111.36K

AUSD

$ 0.999347

0.00%

-0.03%

$ 242.81M

$ 10.92M

crvUSD

CRVUSD

$ 0.999335

-0.17%

0.00%

-0.03%

$ 201.31M

$ 30.15M

EUR CoinVertible

EURCV

$ 1.15

0.00%

-0.00%

-0.86%

$ 190.79M

$ 54.13M

Frax USD

FRXUSD

$ 0.999665

0.00%

-0.02%

$ 102.09M

$ 3.78M

Cygnus Finance Global USD

CGUSD

$ 0.993806

-0.18%

0.00%

-0.05%

$ 75.73M

$ 72.96

USDsui

USDSUI

$ 1.001

+0.13%

0.00%

+0.10%

$ 74.20M

$ 2.21M

Crown BRLV

BRLV

$ 0.193904

0.00%

-1.01%

$ 72.60M

$ 222.68

DOLA

$ 0.996823

+0.08%

0.00%

-0.04%

$ 70.08M

$ 167.92K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00643417

-0.08%

-0.00%

-0.84%

$ 56.66M

$ 58.87K

Brazilian Digital

BRZ

$ 0.194051

-0.18%

-0.00%

-0.60%

$ 52.96M

$ 3.15K

AllUnity CHF

CHFAU

$ 1.22

0.00%

-0.00%

-0.81%

$ 47.59M

$ 8.72K

XUSD

$ 1.0009

-0.01%

0.00%

+0.02%

$ 41.16M

$ 55.11K

Gemini Dollar

GUSD

$ 0.999817

0.00%

+0.04%

$ 39.15M

$ 412.72K

Aegis YUSD

YUSD

$ 0.999266

+0.02%

0.00%

-0.02%

$ 34.92M

$ 28.51K

BUSD

$ 1.001

+0.29%

+0.00%

+0.39%

$ 34.46M

$ 230.96K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 33.24M

$ 17.04K

Monerium EUR emoney

EURE

$ 1.15

0.00%

-0.00%

-0.86%

$ 32.33M

$ 831.51K

TerraClassicUSD

USTC

$ 0.005233

-0.30%

-3.40%

-6.80%

$ 29.17M

$ 10.97M

USDP

$ 0.9988

+0.02%

+0.13%

-0.17%

$ 28.05M

$ 161.85K

MetaMask USD

MUSD

$ 0.999478

0.00%

-0.03%

$ 27.29M

$ 4.00M

Tokenised GBP

TGBP

$ 1.35

0.00%

-0.00%

0.00%

$ 27.09M

$ 208.52K

Liquity USD

LUSD

$ 1.004

-0.10%

-0.00%

-0.59%

$ 26.34M

$ 24.25K

FRAX

$ 0.2644

-0.57%

-4.01%

-11.07%

$ 23.26M

$ 231.88K

Electronic USD

EUSD

$ 0.998232

-0.09%

-0.00%

-0.11%

$ 22.63M

$ 209.16K

Hex Trust USD

USDX

$ 0.990241

+0.86%

-0.00%

-0.18%

$ 22.43M

$ 1.46

Mento Dollar

USDM

$ 1.0

+0.19%

0.00%

+0.35%

$ 14.23M

$ 108.87K

XSGD

$ 0.785477

0.00%

-0.00%

-0.59%

$ 12.95M

$ 479.09K

Stable Coin

SBC

$ 0.9997

0.00%

+0.01%

$ 12.88M

$ 169.73

USD CoinVertible

USDCV

$ 0.999738

+0.04%

0.00%

+0.01%

$ 12.54M

$ 41.27M

Stable Mint USD

USDSM

$ 0.999952

0.00%

$ 12.36M

$ 834.88K

YUSD Stablecoin

YUSD

$ 0.995783

0.00%

-0.00%

-0.05%

$ 11.80M

$ 14.62

USDB

$ 0.996624

+0.08%

-0.00%

-0.09%

$ 11.46M

$ 52.79K

MAI

MIMATIC

$ 0.952772

-0.01%

-0.02%

-2.67%

$ 11.30M

$ 19.94K

USAT

$ 0.9986

-0.01%

-0.07%

-0.06%

$ 9.99M

$ 57.57K

Rupiah Token

IDRT

$ 5.694E-5

0.00%

+3.49%

$ 9.90M

Alchemix USD

ALUSD

$ 0.946974

+0.01%

-0.00%

-0.60%

$ 9.77M

$ 115.02K

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

Tradeable Crypto

Category

Fiat-backed Stablecoin

Smart Contract Platform

Layer 1 (L1)

Proof of Work (PoW)

Other Crypto

New Crypto

Frequently Asked Questions

Disclaimer