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

$ 0.99977

0.00%

+0.01%

$ 183.40B

$ 50.17B

USDCoin

USDC

$ 1.00019

0.00%

+0.01%

-0.01%

$ 74.81B

$ 91.97M

Sky Dollar

USDS

$ 1

0.00%

-0.01%

-0.04%

$ 10.57B

$ 59.75K

Ethena USDe

USDE

$ 1.0001

0.00%

+0.03%

+0.01%

$ 4.49B

$ 2.49M

Global Dollar

USDG

$ 1.0

+0.01%

0.00%

+0.01%

$ 3.26B

$ 1.25B

PayPal USD

PYUSD

$ 0.999739

-0.01%

0.00%

-0.01%

$ 2.89B

$ 71.15M

Ripple USD

RLUSD

$ 1.0

0.00%

$ 2.43B

$ 108.56M

GHO

$ 0.99871

0.00%

+0.02%

$ 698.10M

$ 3.55M

Usual USD

USD0

$ 0.998113

0.00%

-0.09%

$ 547.90M

$ 3.52M

TrueUSD

TUSD

$ 0.9995

0.00%

-0.01%

-0.02%

$ 494.27M

$ 7.37K

USDtb

USDTB

$ 0.999929

0.00%

+0.04%

$ 483.13M

$ 762.42K

A7A5

$ 0.01153551

0.00%

+0.21%

$ 452.57M

$ 6.02K

First Digital USD

FDUSD

$ 0.9987

-0.03%

-0.04%

-0.02%

$ 337.08M

$ 130.52K

AUSD

$ 0.999833

+0.01%

0.00%

+0.03%

$ 255.13M

$ 5.26M

crvUSD

CRVUSD

$ 0.999765

0.00%

+0.04%

$ 230.69M

$ 24.48M

EUR CoinVertible

EURCV

$ 1.16

0.00%

$ 186.02M

$ 23.21M

Frax USD

FRXUSD

$ 0.999738

0.00%

+0.01%

$ 110.91M

$ 5.12M

Cygnus Finance Global USD

CGUSD

$ 0.994309

0.00%

$ 75.77M

$ 12.87

USDsui

USDSUI

$ 1.0

-0.10%

0.00%

+0.02%

$ 74.12M

$ 2.72M

Crown BRLV

BRLV

$ 0.195033

0.00%

+0.52%

$ 72.91M

$ 241.19

DOLA

$ 0.997058

+0.02%

0.00%

+0.07%

$ 65.76M

$ 581.35K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00646069

-0.03%

+0.01%

+3.61%

$ 56.89M

$ 120.23K

Brazilian Digital

BRZ

$ 0.193101

+0.01%

0.00%

-0.03%

$ 52.52M

$ 7.59K

AllUnity CHF

CHFAU

$ 1.23

0.00%

$ 49.14M

$ 26.83K

XUSD

$ 0.9999

0.00%

+0.40%

-0.10%

$ 44.56M

$ 54.22K

Gemini Dollar

GUSD

$ 0.999229

0.00%

+0.04%

$ 39.25M

$ 330.93K

Aegis YUSD

YUSD

$ 0.99945

0.00%

+0.03%

$ 34.93M

$ 13.89K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.53M

$ 100.24K

BUSD

$ 0.996113

0.00%

-0.00%

-0.01%

$ 34.28M

$ 1.67K

Monerium EUR emoney

EURE

$ 1.16

0.00%

+0.00%

0.00%

$ 33.28M

$ 1.96M

USDP

$ 0.9999

0.00%

+0.06%

$ 31.95M

$ 5.77K

TerraClassicUSD

USTC

$ 0.005574

+0.20%

+3.22%

+7.13%

$ 31.09M

$ 12.23M

Tokenised GBP

TGBP

$ 1.35

0.00%

+0.00%

0.00%

$ 27.03M

$ 152.41K

Liquity USD

LUSD

$ 1.009

+0.10%

0.00%

+0.10%

$ 26.61M

$ 34.57K

FRAX

$ 0.299

-0.10%

+1.73%

+3.89%

$ 26.40M

$ 209.76K

MetaMask USD

MUSD

$ 0.999745

0.00%

+0.01%

$ 25.31M

$ 948.64K

Electronic USD

EUSD

$ 0.999063

+0.17%

0.00%

+0.17%

$ 22.83M

$ 112.40K

Hex Trust USD

USDX

$ 0.990735

0.00%

-0.37%

$ 19.51M

$ 52.00

Mento Dollar

USDM

$ 0.999561

+0.07%

0.00%

-0.14%

$ 14.30M

$ 64.04K

XSGD

$ 0.789394

+0.10%

0.00%

+0.55%

$ 12.83M

$ 681.30K

USD CoinVertible

USDCV

$ 0.999528

-0.02%

0.00%

-0.02%

$ 12.54M

$ 24.37M

Stable Mint USD

USDSM

$ 0.999889

0.00%

$ 12.22M

$ 710.48

YUSD Stablecoin

YUSD

$ 0.996625

0.00%

$ 11.81M

$ 6.70

MAI

MIMATIC

$ 0.980154

+0.27%

+0.00%

+0.08%

$ 11.63M

$ 2.91K

USDB

$ 0.99855

+0.32%

0.00%

+0.73%

$ 11.61M

$ 9.54K

Stable Coin

SBC

$ 0.999553

0.00%

-0.02%

$ 10.42M

$ 6.01K

Alchemix USD

ALUSD

$ 0.952957

+0.05%

0.00%

+0.84%

$ 10.01M

$ 37.92K

USAT

$ 0.9998

0.00%

+0.03%

0.00%

$ 10.00M

$ 56.51K

Rupiah Token

IDRT

$ 5.694E-5

-0.07%

-0.94%

+3.64%

$ 9.90M

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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