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

$ 0.999873

0.00%

$ 183.49B

$ 30.05B

USDCoin

USDC

$ 1.00005

0.00%

+0.01%

$ 74.44B

$ 39.59M

Sky Dollar

USDS

$ 1

-0.01%

+0.01%

-0.01%

$ 9.79B

$ 58.26K

Ethena USDe

USDE

$ 1

0.00%

+0.02%

$ 4.61B

$ 224.43K

Global Dollar

USDG

$ 0.99991

0.00%

-0.01%

$ 3.31B

$ 930.80M

PayPal USD

PYUSD

$ 0.999867

0.00%

$ 2.79B

$ 50.34M

Ripple USD

RLUSD

$ 1.0

0.00%

$ 2.42B

$ 77.59M

GHO

$ 0.998914

0.00%

-0.01%

$ 698.23M

$ 2.28M

Usual USD

USD0

$ 0.998947

-0.01%

0.00%

$ 547.35M

$ 142.02K

TrueUSD

TUSD

$ 0.9996

0.00%

-0.01%

$ 494.27M

$ 9.31K

USDtb

USDTB

$ 0.999899

0.00%

+0.01%

$ 483.81M

$ 25.27K

A7A5

$ 0.01186404

0.00%

+0.01%

+2.67%

$ 465.46M

$ 126.98

First Digital USD

FDUSD

$ 0.9987

0.00%

-0.01%

-0.06%

$ 329.45M

$ 52.95K

AUSD

$ 0.999725

0.00%

-0.02%

$ 242.93M

$ 2.66M

crvUSD

CRVUSD

$ 0.999799

0.00%

+0.01%

$ 202.00M

$ 3.41M

EUR CoinVertible

EURCV

$ 1.16

0.00%

$ 191.68M

$ 4.14M

Frax USD

FRXUSD

$ 0.999726

+0.01%

0.00%

-0.02%

$ 105.58M

$ 3.95M

Cygnus Finance Global USD

CGUSD

$ 0.994328

0.00%

-0.00%

-0.02%

$ 75.77M

$ 4.13

USDsui

USDSUI

$ 1.001

0.00%

+0.17%

$ 74.22M

$ 513.92K

Crown BRLV

BRLV

$ 0.194012

0.00%

-0.00%

-0.52%

$ 72.62M

$ 17.06K

DOLA

$ 0.996892

-0.01%

0.00%

-0.03%

$ 70.08M

$ 308.07K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.0064739

+0.06%

+0.02%

+1.38%

$ 57.01M

$ 70.16K

Brazilian Digital

BRZ

$ 0.194036

-0.50%

-0.01%

+0.43%

$ 52.91M

$ 3.23K

AllUnity CHF

CHFAU

$ 1.23

0.00%

-0.81%

$ 47.70M

$ 5.65K

XUSD

$ 0.9995

+0.94%

-0.49%

+0.18%

$ 40.95M

$ 67.33K

Gemini Dollar

GUSD

$ 0.999452

0.00%

$ 39.43M

$ 775.26K

Aegis YUSD

YUSD

$ 0.999369

+0.08%

0.00%

-0.06%

$ 34.93M

$ 2.44K

BUSD

$ 0.999532

0.00%

+0.05%

$ 34.40M

$ 1.91K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.31M

$ 114.61K

Monerium EUR emoney

EURE

$ 1.16

0.00%

$ 32.99M

$ 332.85K

TerraClassicUSD

USTC

$ 0.005417

+1.75%

+4.99%

-0.55%

$ 30.12M

$ 11.05M

USDP

$ 0.9973

0.00%

-0.06%

-0.25%

$ 29.09M

$ 8.24K

MetaMask USD

MUSD

$ 0.999833

+0.01%

0.00%

-0.01%

$ 27.03M

$ 5.05M

Tokenised GBP

TGBP

$ 1.35

0.00%

$ 26.98M

$ 170.28K

Liquity USD

LUSD

$ 1.009

0.00%

+0.00%

-0.10%

$ 26.51M

$ 195.20K

FRAX

$ 0.2764

+0.22%

+1.13%

-7.12%

$ 24.39M

$ 208.63K

Electronic USD

EUSD

$ 0.998604

+0.08%

0.00%

-0.01%

$ 22.85M

$ 88.40K

Hex Trust USD

USDX

$ 0.994398

+0.79%

+0.01%

+0.37%

$ 22.57M

$ 2.32

Mento Dollar

USDM

$ 1.004

+0.46%

+0.00%

+0.40%

$ 14.44M

$ 40.05K

XSGD

$ 0.790061

+0.01%

+0.00%

+0.08%

$ 13.03M

$ 166.48K

Stable Coin

SBC

$ 0.999638

0.00%

$ 12.74M

$ 3.90K

USD CoinVertible

USDCV

$ 0.999656

0.00%

+0.01%

$ 12.54M

$ 6.53M

Stable Mint USD

USDSM

$ 0.999514

0.00%

-0.03%

$ 12.21M

$ 130.57

YUSD Stablecoin

YUSD

$ 0.996054

0.00%

-0.07%

$ 11.80M

$ 5.93

MAI

MIMATIC

$ 0.977779

0.00%

-0.00%

+0.09%

$ 11.60M

$ 1.13K

USDB

$ 0.995242

+0.12%

0.00%

-0.77%

$ 11.45M

$ 78.71K

Rupiah Token

IDRT

$ 5.78E-5

+0.89%

+2.17%

+1.74%

$ 10.05M

USAT

$ 0.9996

+0.01%

+0.02%

$ 10.00M

$ 56.56K

Alchemix USD

ALUSD

$ 0.949529

0.00%

-0.41%

$ 9.78M

$ 22.59K

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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