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

$ 0.999038

+0.01%

0.00%

$ 180.86B

$ 47.96B

USDCoin

USDC

$ 1.00089

0.00%

-0.01%

0.00%

$ 71.55B

$ 58.87M

Sky Dollar

USDS

$ 1.0008

+0.04%

+0.05%

-0.02%

$ 9.79B

$ 58.63K

Ethena USDe

USDE

$ 1.0008

+0.01%

0.00%

+0.01%

$ 4.55B

$ 312.79K

Global Dollar

USDG

$ 0.999889

+0.01%

0.00%

$ 3.13B

$ 600.37M

PayPal USD

PYUSD

$ 0.999804

0.00%

-0.02%

$ 2.95B

$ 33.24M

Ripple USD

RLUSD

$ 0.999989

0.00%

$ 2.62B

$ 158.26M

Open USD

OUSD

$ 0.999854

+0.09%

+0.00%

+0.11%

$ 826.50M

$ 491.99K

GHO

$ 0.998317

+0.01%

0.00%

+0.01%

$ 697.82M

$ 5.21M

Usual USD

USD0

$ 0.998861

0.00%

+0.06%

$ 541.29M

$ 731.64K

TrueUSD

TUSD

$ 0.9998

+0.01%

0.00%

-0.01%

$ 494.32M

$ 12.26K

USDtb

USDTB

$ 0.998803

0.00%

-0.02%

$ 474.37M

$ 734.94K

A7A5

$ 0.01200816

+0.01%

-0.01%

-1.78%

$ 471.24M

$ 7.66K

First Digital USD

FDUSD

$ 0.9986

-0.01%

-0.06%

-0.02%

$ 302.03M

$ 52.68K

EUR CoinVertible

EURCV

$ 1.12

+0.90%

+0.00%

0.00%

$ 193.61M

$ 33.89M

crvUSD

CRVUSD

$ 0.998746

+0.01%

0.00%

$ 183.68M

$ 14.68M

AUSD

$ 0.998831

0.00%

-0.03%

$ 166.66M

$ 3.53M

JPY Coin

JPYC

$ 0.00633225

0.00%

-0.26%

$ 134.79M

$ 410.71K

Frax USD

FRXUSD

$ 0.999833

+0.02%

0.00%

-0.01%

$ 99.35M

$ 5.14M

USDsui

USDSUI

$ 0.999549

+0.12%

0.00%

+0.03%

$ 76.51M

$ 2.03M

Cygnus Finance Global USD

CGUSD

$ 0.992197

0.00%

-0.02%

$ 75.66M

$ 21.95

DOLA

$ 0.997064

+0.01%

0.00%

+0.03%

$ 74.09M

$ 1.32M

Crown BRLV

BRLV

$ 0.185474

-0.29%

-0.01%

-6.46%

$ 68.62M

$ 12.12K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.186069

-0.02%

-0.00%

-5.77%

$ 49.92M

$ 228.69K

AllUnity CHF

CHFAU

$ 1.21

0.00%

$ 42.45M

$ 1.19K

Frax Staked frxUSD

SFRXUSD

$ 1.22

0.00%

$ 39.00M

$ 1.01M

Gemini Dollar

GUSD

$ 0.998892

+0.11%

0.00%

+0.03%

$ 35.70M

$ 429.27K

Aegis YUSD

YUSD

$ 0.998461

+0.01%

0.00%

-0.02%

$ 34.49M

$ 45.67K

MetaMask USD

MUSD

$ 0.999058

+0.01%

0.00%

$ 34.39M

$ 9.06M

BUSD

$ 0.998353

0.00%

+0.00%

+0.02%

$ 34.36M

$ 4.93K

XUSD

$ 1.0011

0.00%

$ 34.17M

$ 52.99K

Monerium EUR emoney

EURE

$ 1.12

+0.90%

+0.00%

0.00%

$ 29.91M

$ 1.15M

TerraClassicUSD

USTC

$ 0.005076

+0.48%

-1.10%

+3.21%

$ 27.95M

$ 21.89M

Tokenised GBP

TGBP

$ 1.33

0.00%

+0.00%

-0.75%

$ 26.51M

$ 110.60K

Liquity USD

LUSD

$ 1.002

+0.20%

+0.00%

-0.10%

$ 25.73M

$ 11.93K

Hex Trust USD

USDX

$ 0.991107

+0.85%

+0.52%

$ 25.41M

$ 197.66

Electronic USD

EUSD

$ 0.996536

+0.04%

0.00%

+0.45%

$ 24.20M

$ 179.16K

USDP

$ 0.9991

0.00%

+0.24%

-0.43%

$ 22.48M

$ 31.47K

FRAX

$ 0.2657

+0.20%

-2.68%

-4.09%

$ 22.15M

$ 244.62K

USD CoinVertible

USDCV

$ 0.998936

+0.01%

0.00%

+0.03%

$ 21.91M

$ 15.34M

Stable Coin

SBC

$ 0.998867

+0.01%

0.00%

-0.01%

$ 18.32M

$ 51.30

Mento Dollar

USDM

$ 1.002

0.00%

+0.01%

+0.10%

$ 13.57M

$ 284.75K

Stable Mint USD

USDSM

$ 1.001

0.00%

+1.36%

$ 13.06M

$ 445.44K

XSGD

$ 0.780271

+0.02%

0.00%

-0.29%

$ 12.65M

$ 768.52K

YUSD Stablecoin

YUSD

$ 0.996878

0.00%

+0.00%

+0.18%

$ 11.81M

$ 16.19

MAI

MIMATIC

$ 0.993849

+0.03%

+0.00%

-0.11%

$ 11.79M

$ 1.68K

USDM

$ 1.006

+0.40%

+0.02%

-0.69%

$ 11.59M

$ 67.40K

Alchemix USD

ALUSD

$ 0.967122

+0.02%

+0.01%

+1.50%

$ 10.39M

$ 78.54K

USAT

$ 0.9993

0.00%

-0.04%

$ 10.00M

$ 62.88K

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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