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

$ 0.999761

0.00%

+0.01%

$ 183.40B

$ 51.67B

USDCoin

USDC

$ 1.0002

0.00%

+0.02%

-0.01%

$ 74.81B

$ 93.13M

Sky Dollar

USDS

$ 1

+0.01%

0.00%

-0.01%

$ 10.57B

$ 60.10K

Ethena USDe

USDE

$ 1

+0.03%

+0.01%

$ 4.49B

$ 2.67M

Global Dollar

USDG

$ 1.0

0.00%

+0.01%

$ 3.26B

$ 1.24B

PayPal USD

PYUSD

$ 0.999796

0.00%

$ 2.89B

$ 71.10M

Ripple USD

RLUSD

$ 1.0

0.00%

$ 2.43B

$ 110.01M

GHO

$ 0.998822

+0.01%

0.00%

+0.03%

$ 698.19M

$ 3.45M

Usual USD

USD0

$ 0.998097

0.00%

-0.07%

$ 547.89M

$ 3.52M

TrueUSD

TUSD

$ 0.9995

0.00%

-0.01%

$ 494.27M

$ 6.77K

USDtb

USDTB

$ 0.999964

0.00%

+0.05%

$ 483.15M

$ 982.80K

A7A5

$ 0.01153521

0.00%

-0.00%

+0.21%

$ 452.56M

$ 6.02K

First Digital USD

FDUSD

$ 0.9989

+0.01%

-0.02%

-0.01%

$ 337.11M

$ 116.59K

AUSD

$ 0.999816

0.00%

+0.03%

$ 255.12M

$ 5.78M

crvUSD

CRVUSD

$ 0.999589

-0.01%

0.00%

$ 230.65M

$ 23.92M

EUR CoinVertible

EURCV

$ 1.16

0.00%

-0.00%

0.00%

$ 185.85M

$ 23.23M

Frax USD

FRXUSD

$ 0.999494

-0.02%

0.00%

-0.01%

$ 110.81M

$ 5.22M

Cygnus Finance Global USD

CGUSD

$ 0.994297

0.00%

$ 75.77M

$ 12.87

USDsui

USDSUI

$ 1.0

+0.04%

0.00%

+0.04%

$ 74.13M

$ 2.70M

Crown BRLV

BRLV

$ 0.195033

0.00%

+0.52%

$ 72.91M

$ 241.19

DOLA

$ 0.996999

-0.01%

0.00%

+0.08%

$ 65.76M

$ 581.60K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00646211

+0.02%

+0.01%

+3.54%

$ 56.90M

$ 89.62K

Brazilian Digital

BRZ

$ 0.192887

-0.11%

-0.00%

-0.16%

$ 52.46M

$ 7.47K

AllUnity CHF

CHFAU

$ 1.23

0.00%

$ 49.16M

$ 26.41K

XUSD

$ 0.9999

-0.01%

+0.29%

-0.11%

$ 44.56M

$ 54.54K

Gemini Dollar

GUSD

$ 0.999212

0.00%

$ 39.25M

$ 330.16K

Aegis YUSD

YUSD

$ 0.99942

0.00%

+0.05%

$ 34.93M

$ 13.70K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.54M

$ 99.03K

BUSD

$ 0.996152

0.00%

-0.00%

-0.18%

$ 34.28M

$ 1.56K

Monerium EUR emoney

EURE

$ 1.16

0.00%

+0.00%

0.00%

$ 33.28M

$ 2.01M

USDP

$ 0.9999

0.00%

+0.01%

+0.06%

$ 31.95M

$ 5.78K

TerraClassicUSD

USTC

$ 0.005554

-0.71%

+3.18%

+7.53%

$ 30.98M

$ 12.05M

Tokenised GBP

TGBP

$ 1.35

0.00%

$ 26.99M

$ 51.61K

FRAX

$ 0.3008

+1.14%

+3.13%

+4.63%

$ 26.73M

$ 213.93K

Liquity USD

LUSD

$ 1.009

0.00%

$ 26.61M

$ 34.23K

MetaMask USD

MUSD

$ 0.999731

0.00%

+0.01%

$ 25.31M

$ 953.06K

Electronic USD

EUSD

$ 0.998435

-0.08%

-0.00%

+0.02%

$ 22.81M

$ 108.07K

Hex Trust USD

USDX

$ 0.990735

0.00%

-0.37%

$ 19.51M

$ 52.00

Mento Dollar

USDM

$ 0.998583

-0.13%

-0.00%

-0.24%

$ 14.29M

$ 65.29K

XSGD

$ 0.788721

-0.07%

0.00%

+0.40%

$ 12.82M

$ 676.02K

USD CoinVertible

USDCV

$ 0.99951

-0.02%

0.00%

-0.05%

$ 12.54M

$ 23.92M

Stable Mint USD

USDSM

$ 0.999884

0.00%

+0.03%

$ 12.22M

$ 710.47

YUSD Stablecoin

YUSD

$ 0.996586

0.00%

+0.08%

$ 11.81M

$ 6.70

MAI

MIMATIC

$ 0.978806

0.00%

-0.00%

+0.04%

$ 11.61M

$ 3.07K

USDB

$ 0.998201

-0.18%

+0.00%

+0.50%

$ 11.61M

$ 8.31K

Stable Coin

SBC

$ 0.999731

+0.02%

0.00%

$ 10.43M

$ 8.67K

Alchemix USD

ALUSD

$ 0.953175

+0.05%

-0.00%

+0.87%

$ 10.01M

$ 32.50K

USAT

$ 0.9998

0.00%

+0.01%

-0.01%

$ 10.00M

$ 55.69K

Rupiah Token

IDRT

$ 5.713E-5

+0.33%

-1.68%

+3.35%

$ 9.93M

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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