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

$ 0.998311

-0.03%

0.00%

-0.08%

$ 180.72B

$ 71.82B

USDCoin

USDC

$ 1.00191

+0.03%

+0.07%

+0.05%

$ 71.59B

$ 66.58M

Sky Dollar

USDS

$ 0.9986

+0.02%

+0.06%

+0.15%

$ 9.78B

$ 63.45K

Ethena USDe

USDE

$ 1.0002

-0.02%

-0.04%

-0.06%

$ 4.54B

$ 247.10K

Global Dollar

USDG

$ 0.999941

+0.02%

0.00%

-0.01%

$ 3.14B

$ 635.79M

PayPal USD

PYUSD

$ 0.998642

+0.04%

-0.00%

-0.14%

$ 2.99B

$ 66.88M

Ripple USD

RLUSD

$ 0.999088

-0.01%

-0.00%

-0.09%

$ 2.62B

$ 358.09M

Open USD

OUSD

$ 0.998922

-0.03%

0.00%

-0.05%

$ 882.21M

$ 223.43K

GHO

$ 0.997602

0.00%

-0.08%

$ 697.30M

$ 7.18M

Usual USD

USD0

$ 0.998667

+0.01%

0.00%

-0.05%

$ 541.18M

$ 68.63K

TrueUSD

TUSD

$ 0.9996

+0.02%

+0.01%

$ 494.37M

$ 29.59K

A7A5

$ 0.01215467

-0.01%

+0.00%

+0.88%

$ 476.99M

$ 6.63K

USDtb

USDTB

$ 0.999114

0.00%

+0.01%

$ 474.49M

$ 516.74K

First Digital USD

FDUSD

$ 0.9979

-0.03%

-0.11%

-0.06%

$ 301.87M

$ 121.13K

EUR CoinVertible

EURCV

$ 1.12

0.00%

+0.00%

0.00%

$ 194.17M

$ 47.62M

crvUSD

CRVUSD

$ 0.998006

-0.02%

0.00%

-0.08%

$ 182.28M

$ 161.88M

AUSD

$ 0.998295

-0.02%

0.00%

-0.07%

$ 162.92M

$ 7.22M

JPY Coin

JPYC

$ 0.00632406

-0.35%

-0.00%

+1.50%

$ 134.61M

$ 341.66K

Frax USD

FRXUSD

$ 0.999365

0.00%

-0.06%

$ 98.33M

$ 21.37M

USDsui

USDSUI

$ 0.998778

+0.04%

0.00%

$ 76.43M

$ 4.14M

Cygnus Finance Global USD

CGUSD

$ 0.991476

-0.03%

-0.10%

$ 75.61M

$ 21.97

DOLA

$ 0.996179

-0.03%

0.00%

-0.04%

$ 72.14M

$ 9.19M

Crown BRLV

BRLV

$ 0.184968

+0.15%

-0.00%

-7.56%

$ 68.44M

$ 13.53K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.184375

-0.19%

-0.01%

-7.31%

$ 49.45M

$ 661.41K

AllUnity CHF

CHFAU

$ 1.2

0.00%

-0.00%

-0.83%

$ 42.10M

$ 334.20K

Frax Staked frxUSD

SFRXUSD

$ 1.22

0.00%

$ 37.71M

$ 1.68M

Gemini Dollar

GUSD

$ 0.998448

-1.24%

0.00%

-0.02%

$ 35.60M

$ 2.10M

Aegis YUSD

YUSD

$ 0.99944

-0.03%

0.00%

+0.07%

$ 34.51M

$ 1.03M

XUSD

$ 1.0011

-0.01%

$ 34.17M

$ 52.01K

BUSD

$ 0.991518

-0.13%

-0.00%

-0.64%

$ 34.13M

$ 46.76K

MetaMask USD

MUSD

$ 0.99841

-0.02%

0.00%

-0.07%

$ 33.97M

$ 8.44M

Monerium EUR emoney

EURE

$ 1.12

0.00%

+0.00%

0.00%

$ 29.42M

$ 1.09M

Tokenised GBP

TGBP

$ 1.33

0.00%

+0.00%

-0.75%

$ 26.56M

$ 203.10K

TerraClassicUSD

USTC

$ 0.00464

-0.62%

-9.04%

-1.97%

$ 26.09M

$ 21.56M

Hex Trust USD

USDX

$ 0.998932

0.00%

+1.32%

$ 25.61M

$ 199.22

Liquity USD

LUSD

$ 1.063

0.00%

+0.06%

+5.88%

$ 24.54M

$ 24.05K

Electronic USD

EUSD

$ 0.990228

-0.26%

-0.00%

-0.47%

$ 24.05M

$ 236.58K

USDP

$ 0.9989

0.00%

+0.30%

-0.45%

$ 22.47M

$ 26.38K

FRAX

$ 0.2529

+0.12%

-1.40%

-2.39%

$ 22.36M

$ 284.35K

USD CoinVertible

USDCV

$ 0.998521

-0.01%

0.00%

$ 21.89M

$ 31.99M

Stable Coin

SBC

$ 0.998301

-0.03%

0.00%

-0.07%

$ 18.33M

$ 188.49

Mento Dollar

USDM

$ 0.998611

-0.04%

-0.00%

+0.11%

$ 13.49M

$ 186.90K

Stable Mint USD

USDSM

$ 1.001

+0.10%

0.00%

+0.60%

$ 13.06M

$ 493.82K

XSGD

$ 0.780495

-0.01%

0.00%

-0.20%

$ 12.65M

$ 1.39M

YUSD Stablecoin

YUSD

$ 0.99521

0.00%

-0.02%

$ 11.79M

$ 31.31

MAI

MIMATIC

$ 0.993468

0.00%

-0.15%

$ 11.79M

$ 32.03K

USDM

$ 0.993885

-0.52%

-0.01%

-0.48%

$ 11.46M

$ 93.25K

Alchemix USD

ALUSD

$ 0.960763

-0.09%

0.00%

+1.04%

$ 10.39M

$ 910.94K

USAT

$ 0.9996

+0.01%

+0.03%

-0.03%

$ 10.00M

$ 64.30K

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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