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

$ 0.999804

0.00%

-0.02%

$ 183.48B

$ 32.87B

USDCoin

USDC

$ 1.00007

0.00%

+0.01%

$ 74.44B

$ 45.76M

Sky Dollar

USDS

$ 0.9999

-0.02%

-0.03%

$ 9.79B

$ 59.67K

Ethena USDe

USDE

$ 1.0001

0.00%

-0.01%

0.00%

$ 4.61B

$ 785.80K

Global Dollar

USDG

$ 0.999907

0.00%

-0.01%

$ 3.31B

$ 970.62M

PayPal USD

PYUSD

$ 0.999829

-0.01%

0.00%

-0.01%

$ 2.79B

$ 78.50M

Ripple USD

RLUSD

$ 0.999973

0.00%

$ 2.42B

$ 89.60M

GHO

$ 0.998841

+0.01%

0.00%

-0.03%

$ 698.20M

$ 2.62M

Usual USD

USD0

$ 0.999068

0.00%

+0.02%

$ 547.42M

$ 139.80K

TrueUSD

TUSD

$ 0.9996

0.00%

$ 494.27M

$ 9.69K

USDtb

USDTB

$ 0.999649

0.00%

-0.03%

$ 483.69M

$ 28.52K

A7A5

$ 0.01186344

0.00%

+0.00%

+2.66%

$ 465.44M

$ 137.03

First Digital USD

FDUSD

$ 0.9987

-0.01%

-0.02%

-0.04%

$ 329.41M

$ 68.52K

AUSD

$ 0.999691

0.00%

-0.03%

$ 242.91M

$ 2.65M

crvUSD

CRVUSD

$ 0.999648

-0.02%

0.00%

-0.02%

$ 201.97M

$ 4.67M

EUR CoinVertible

EURCV

$ 1.16

0.00%

$ 191.69M

$ 5.57M

Frax USD

FRXUSD

$ 0.999713

-0.01%

0.00%

-0.01%

$ 105.58M

$ 5.49M

Cygnus Finance Global USD

CGUSD

$ 0.994318

0.00%

-0.00%

-0.02%

$ 75.77M

$ 4.13

USDsui

USDSUI

$ 0.999406

-0.01%

0.00%

+0.01%

$ 74.09M

$ 818.69K

Crown BRLV

BRLV

$ 0.195093

+0.29%

0.00%

+0.03%

$ 73.02M

$ 15.99K

DOLA

$ 0.9966

0.00%

-0.08%

$ 70.06M

$ 332.77K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00648931

0.00%

-0.00%

+1.62%

$ 57.14M

$ 91.42K

Brazilian Digital

BRZ

$ 0.195155

+0.06%

-0.00%

+0.76%

$ 53.21M

$ 3.81K

AllUnity CHF

CHFAU

$ 1.23

0.00%

-0.81%

$ 47.68M

$ 9.29K

XUSD

$ 0.9881

+0.05%

-0.60%

+0.36%

$ 40.92M

$ 66.15K

Gemini Dollar

GUSD

$ 0.999435

0.00%

-0.00%

-0.01%

$ 39.43M

$ 782.94K

Aegis YUSD

YUSD

$ 0.999011

+0.02%

0.00%

-0.06%

$ 34.91M

$ 2.60K

BUSD

$ 0.999276

+0.01%

0.00%

-0.06%

$ 34.39M

$ 1.98K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.32M

$ 79.93K

Monerium EUR emoney

EURE

$ 1.16

0.00%

$ 32.98M

$ 344.08K

TerraClassicUSD

USTC

$ 0.005313

-0.79%

+3.91%

-2.46%

$ 29.44M

$ 11.17M

USDP

$ 0.9972

-0.05%

-0.07%

-0.29%

$ 29.09M

$ 8.25K

MetaMask USD

MUSD

$ 0.999816

0.00%

-0.02%

$ 27.23M

$ 4.04M

Tokenised GBP

TGBP

$ 1.35

0.00%

$ 26.98M

$ 170.77K

Liquity USD

LUSD

$ 1.009

0.00%

-0.00%

-0.10%

$ 26.51M

$ 195.36K

FRAX

$ 0.2765

-0.14%

+1.28%

-6.98%

$ 24.34M

$ 202.63K

Electronic USD

EUSD

$ 0.998621

-0.08%

0.00%

-0.10%

$ 22.85M

$ 107.79K

Hex Trust USD

USDX

$ 0.989334

-0.03%

0.00%

-0.14%

$ 22.46M

$ 2.31

Mento Dollar

USDM

$ 0.996896

-0.14%

-0.00%

-0.61%

$ 14.36M

$ 135.91K

XSGD

$ 0.789792

-0.01%

+0.00%

+0.13%

$ 13.02M

$ 187.94K

Stable Coin

SBC

$ 0.999573

0.00%

-0.04%

$ 12.74M

$ 3.90K

USD CoinVertible

USDCV

$ 1.0

0.00%

+0.01%

$ 12.55M

$ 7.61M

Stable Mint USD

USDSM

$ 1.0

0.00%

+0.01%

$ 12.22M

$ 270.46

YUSD Stablecoin

YUSD

$ 0.996054

0.00%

-0.08%

$ 11.80M

$ 5.93

MAI

MIMATIC

$ 0.977663

0.00%

+0.14%

$ 11.60M

$ 925.24

USDB

$ 0.994422

+0.09%

-0.00%

-0.76%

$ 11.44M

$ 83.64K

USAT

$ 0.9996

+0.01%

+0.04%

$ 10.00M

$ 56.71K

Rupiah Token

IDRT

$ 5.734E-5

-0.05%

+1.39%

+0.67%

$ 9.97M

Alchemix USD

ALUSD

$ 0.949659

0.00%

-0.34%

$ 9.78M

$ 24.52K

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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