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

$ 0.999808

0.00%

-0.02%

$ 183.48B

$ 36.95B

USDCoin

USDC

$ 1.00009

0.00%

+0.02%

$ 74.45B

$ 58.54M

Sky Dollar

USDS

$ 0.9998

-0.01%

-0.03%

$ 9.79B

$ 57.13K

Ethena USDe

USDE

$ 1.0001

-0.01%

0.00%

$ 4.61B

$ 786.02K

Global Dollar

USDG

$ 0.999963

0.00%

$ 3.31B

$ 1.16B

PayPal USD

PYUSD

$ 0.999741

-0.02%

0.00%

-0.02%

$ 2.79B

$ 119.34M

Ripple USD

RLUSD

$ 0.999905

-0.01%

0.00%

-0.01%

$ 2.42B

$ 97.06M

GHO

$ 0.998725

-0.01%

0.00%

-0.03%

$ 698.12M

$ 2.97M

Usual USD

USD0

$ 0.999063

0.00%

+0.02%

$ 547.42M

$ 139.57K

TrueUSD

TUSD

$ 0.9995

0.00%

-0.01%

$ 494.27M

$ 10.81K

USDtb

USDTB

$ 0.999657

0.00%

-0.03%

$ 483.69M

$ 25.46K

A7A5

$ 0.01177322

-0.01%

+0.01%

+2.54%

$ 461.90M

$ 661.13

First Digital USD

FDUSD

$ 0.9988

0.00%

-0.02%

$ 329.45M

$ 70.13K

AUSD

$ 0.999793

-0.01%

0.00%

-0.01%

$ 242.94M

$ 5.00M

crvUSD

CRVUSD

$ 1.0

+0.01%

0.00%

+0.03%

$ 202.16M

$ 10.15M

EUR CoinVertible

EURCV

$ 1.16

0.00%

$ 191.69M

$ 9.54M

Frax USD

FRXUSD

$ 0.999732

0.00%

-0.01%

$ 105.59M

$ 7.10M

Cygnus Finance Global USD

CGUSD

$ 0.994269

-0.01%

-0.00%

-0.03%

$ 75.77M

$ 4.13

USDsui

USDSUI

$ 1.0

0.00%

+0.03%

$ 74.13M

$ 958.89K

Crown BRLV

BRLV

$ 0.195131

-0.07%

-0.00%

+0.05%

$ 73.04M

$ 2.88K

DOLA

$ 0.997077

+0.01%

0.00%

-0.04%

$ 69.99M

$ 432.91K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00649168

-0.02%

0.00%

+1.67%

$ 57.16M

$ 64.36K

Brazilian Digital

BRZ

$ 0.195249

-0.05%

-0.00%

+0.89%

$ 53.21M

$ 3.51K

AllUnity CHF

CHFAU

$ 1.22

0.00%

-0.00%

-1.61%

$ 47.65M

$ 9.17K

XUSD

$ 0.9832

-0.10%

-1.40%

-0.60%

$ 40.56M

$ 67.39K

Gemini Dollar

GUSD

$ 0.999427

0.00%

-0.00%

-0.02%

$ 39.43M

$ 806.55K

Aegis YUSD

YUSD

$ 0.999209

-0.01%

+0.00%

-0.04%

$ 34.92M

$ 1.57K

BUSD

$ 1.001

0.00%

+0.00%

+0.10%

$ 34.44M

$ 2.17K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.31M

$ 84.93K

Monerium EUR emoney

EURE

$ 1.16

0.00%

$ 32.90M

$ 437.25K

TerraClassicUSD

USTC

$ 0.005329

+0.30%

+5.02%

-1.07%

$ 29.82M

$ 11.02M

USDP

$ 0.9977

+0.02%

-0.04%

-0.39%

$ 29.10M

$ 7.90K

MetaMask USD

MUSD

$ 0.999786

0.00%

-0.02%

$ 27.03M

$ 2.95M

Tokenised GBP

TGBP

$ 1.35

0.00%

$ 26.98M

$ 170.12K

Liquity USD

LUSD

$ 1.009

0.00%

-0.00%

-0.10%

$ 26.50M

$ 183.64K

FRAX

$ 0.2766

-0.07%

+1.50%

-5.87%

$ 24.49M

$ 203.56K

Electronic USD

EUSD

$ 1.0

0.00%

+0.00%

+0.06%

$ 22.89M

$ 213.25K

Hex Trust USD

USDX

$ 0.985456

0.00%

-0.53%

$ 22.36M

$ 2.06

Mento Dollar

USDM

$ 1.004

+0.30%

+0.00%

+0.30%

$ 14.46M

$ 358.27K

XSGD

$ 0.789297

0.00%

+0.00%

+0.13%

$ 13.01M

$ 246.54K

Stable Coin

SBC

$ 0.999761

-0.01%

0.00%

$ 12.74M

$ 3.90K

USD CoinVertible

USDCV

$ 0.999724

+0.01%

0.00%

-0.03%

$ 12.54M

$ 14.20M

Stable Mint USD

USDSM

$ 0.999907

0.00%

$ 12.22M

$ 7.69K

YUSD Stablecoin

YUSD

$ 0.995999

-0.01%

0.00%

-0.07%

$ 11.80M

$ 7.81

MAI

MIMATIC

$ 0.977875

-0.12%

0.00%

-0.16%

$ 11.60M

$ 1.77K

USDB

$ 0.992602

-0.08%

-0.00%

-0.68%

$ 11.42M

$ 90.46K

USAT

$ 0.9995

+0.01%

-0.01%

0.00%

$ 10.00M

$ 54.64K

Rupiah Token

IDRT

$ 5.693E-5

+0.49%

+3.58%

+2.21%

$ 9.89M

Alchemix USD

ALUSD

$ 0.949637

+0.01%

+0.00%

-0.57%

$ 9.79M

$ 31.89K

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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