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

$ 0.999829

0.00%

+0.01%

$ 183.41B

$ 59.05B

USDCoin

USDC

$ 1.00001

0.00%

-0.01%

-0.02%

$ 74.80B

$ 108.76M

Sky Dollar

USDS

$ 1.0001

0.00%

+0.03%

+0.10%

$ 10.58B

$ 61.49K

Ethena USDe

USDE

$ 0.9999

0.00%

-0.01%

-0.03%

$ 4.49B

$ 6.52M

Global Dollar

USDG

$ 1.0

0.00%

$ 3.31B

$ 1.39B

PayPal USD

PYUSD

$ 1.0

0.00%

+0.01%

$ 2.83B

$ 51.96M

Ripple USD

RLUSD

$ 1.0

0.00%

+0.01%

$ 2.44B

$ 166.91M

GHO

$ 0.998877

0.00%

+0.02%

$ 698.21M

$ 6.09M

Usual USD

USD0

$ 0.998844

+0.03%

0.00%

+0.19%

$ 548.25M

$ 682.86K

TrueUSD

TUSD

$ 0.9996

-0.01%

+0.02%

+0.03%

$ 494.32M

$ 5.60K

USDtb

USDTB

$ 1.0

0.00%

+0.05%

$ 483.17M

$ 566.91K

A7A5

$ 0.01181438

0.00%

+0.02%

+3.06%

$ 463.51M

$ 3.26K

First Digital USD

FDUSD

$ 0.9986

0.00%

-0.02%

$ 337.01M

$ 74.59K

AUSD

$ 0.999839

0.00%

+0.01%

$ 252.58M

$ 12.96M

crvUSD

CRVUSD

$ 0.999875

+0.03%

0.00%

+0.04%

$ 222.31M

$ 23.46M

EUR CoinVertible

EURCV

$ 1.16

0.00%

$ 192.50M

$ 33.30M

Frax USD

FRXUSD

$ 0.999788

0.00%

+0.02%

$ 109.79M

$ 6.22M

Cygnus Finance Global USD

CGUSD

$ 0.994482

0.00%

+0.02%

$ 75.78M

$ 6.85

USDsui

USDSUI

$ 0.999273

-0.07%

-0.00%

-0.07%

$ 74.07M

$ 3.30M

Crown BRLV

BRLV

$ 0.196574

0.00%

+0.29%

$ 73.51M

$ 4.52K

DOLA

$ 0.997128

+0.01%

0.00%

+0.06%

$ 70.13M

$ 326.77K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00645622

+0.04%

0.00%

+3.14%

$ 56.85M

$ 51.05K

Brazilian Digital

BRZ

$ 0.194287

+0.10%

+0.01%

-0.61%

$ 52.81M

$ 19.70K

AllUnity CHF

CHFAU

$ 1.24

0.00%

-0.00%

+0.81%

$ 49.20M

$ 18.92K

XUSD

$ 0.9998

-0.01%

+0.09%

-0.11%

$ 44.56M

$ 54.01K

Gemini Dollar

GUSD

$ 0.999538

-0.01%

0.00%

$ 39.24M

$ 327.70K

Aegis YUSD

YUSD

$ 0.999548

0.00%

+0.04%

$ 34.93M

$ 68.43K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.58M

$ 23.71K

BUSD

$ 0.997505

-0.01%

0.00%

+0.06%

$ 34.33M

$ 905.21

Monerium EUR emoney

EURE

$ 1.16

0.00%

$ 32.89M

$ 1.80M

USDP

$ 1.0005

+0.01%

+0.05%

-0.15%

$ 31.97M

$ 5.59K

TerraClassicUSD

USTC

$ 0.005553

+0.07%

-0.02%

+7.28%

$ 30.98M

$ 11.53M

Tokenised GBP

TGBP

$ 1.35

0.00%

$ 27.02M

$ 86.29K

Liquity USD

LUSD

$ 1.006

0.00%

-0.00%

-0.10%

$ 26.52M

$ 6.72K

FRAX

$ 0.2934

-0.10%

+1.98%

$ 25.84M

$ 219.79K

MetaMask USD

MUSD

$ 0.999969

0.00%

+0.03%

$ 25.32M

$ 1.54M

Electronic USD

EUSD

$ 0.998009

+0.08%

0.00%

-0.16%

$ 22.80M

$ 896.02K

Hex Trust USD

USDX

$ 0.990054

0.00%

-0.43%

$ 22.47M

$ 4.99

Mento Dollar

USDM

$ 1.004

+0.41%

+0.01%

+0.30%

$ 14.37M

$ 110.09K

XSGD

$ 0.790493

+0.04%

+0.00%

+0.67%

$ 12.85M

$ 844.93K

USD CoinVertible

USDCV

$ 1.0

0.00%

+0.05%

$ 12.55M

$ 38.46M

Stable Mint USD

USDSM

$ 0.99989

0.00%

+0.04%

$ 12.16M

$ 2.19K

YUSD Stablecoin

YUSD

$ 0.996815

0.00%

+0.10%

$ 11.81M

$ 504.56

MAI

MIMATIC

$ 0.979052

0.00%

+0.07%

$ 11.62M

$ 8.77K

USDB

$ 0.999265

+0.03%

-0.00%

+0.34%

$ 11.61M

$ 20.00K

Stable Coin

SBC

$ 0.999729

0.00%

+0.01%

$ 10.35M

$ 24.14K

Alchemix USD

ALUSD

$ 0.953758

+0.02%

0.00%

+1.14%

$ 10.02M

$ 34.10K

USAT

$ 0.9996

0.00%

-0.02%

$ 10.00M

$ 51.73K

Rupiah Token

IDRT

$ 5.502E-5

0.00%

-3.23%

+0.16%

$ 9.57M

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

Tradable Crypto

Category

Fiat-backed Stablecoin

Smart Contract Platform

Layer 1 (L1)

Proof of Work (PoW)

Other Crypto

New Crypto

Frequently Asked Questions

Disclaimer