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

$ 0.999775

0.00%

+0.01%

$ 183.40B

$ 48.15B

USDCoin

USDC

$ 1.00021

0.00%

+0.02%

-0.01%

$ 74.81B

$ 91.45M

Sky Dollar

USDS

$ 0.9999

0.00%

-0.02%

-0.03%

$ 10.57B

$ 60.36K

Ethena USDe

USDE

$ 1.0001

-0.01%

0.00%

+0.01%

$ 4.49B

$ 2.36M

Global Dollar

USDG

$ 0.999985

+0.01%

0.00%

+0.01%

$ 3.26B

$ 1.26B

PayPal USD

PYUSD

$ 0.999751

-0.01%

0.00%

-0.01%

$ 2.89B

$ 70.42M

Ripple USD

RLUSD

$ 0.99996

0.00%

$ 2.43B

$ 115.07M

GHO

$ 0.998705

0.00%

+0.02%

$ 698.11M

$ 3.79M

Usual USD

USD0

$ 0.998099

0.00%

-0.07%

$ 547.89M

$ 3.52M

TrueUSD

TUSD

$ 0.9996

-0.01%

+0.07%

-0.02%

$ 494.22M

$ 7.75K

USDtb

USDTB

$ 0.999907

+0.02%

0.00%

+0.02%

$ 483.12M

$ 765.44K

A7A5

$ 0.01153572

0.00%

-0.00%

+0.27%

$ 452.57M

$ 6.36K

First Digital USD

FDUSD

$ 0.9988

-0.01%

-0.03%

-0.01%

$ 337.15M

$ 125.90K

AUSD

$ 0.999844

0.00%

+0.02%

$ 255.13M

$ 4.73M

crvUSD

CRVUSD

$ 0.999539

0.00%

-0.01%

$ 230.64M

$ 23.47M

EUR CoinVertible

EURCV

$ 1.16

0.00%

+0.00%

0.00%

$ 186.12M

$ 21.85M

Frax USD

FRXUSD

$ 0.999553

-0.01%

0.00%

-0.02%

$ 111.04M

$ 4.98M

Cygnus Finance Global USD

CGUSD

$ 0.994312

0.00%

$ 75.77M

$ 12.48

USDsui

USDSUI

$ 0.999428

+0.06%

0.00%

-0.04%

$ 74.07M

$ 2.70M

Crown BRLV

BRLV

$ 0.195033

0.00%

+0.52%

$ 72.91M

$ 241.19

DOLA

$ 0.996943

-0.01%

0.00%

$ 65.73M

$ 573.98K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.0064623

0.00%

+0.01%

+3.67%

$ 56.90M

$ 114.69K

Brazilian Digital

BRZ

$ 0.193075

-0.02%

-0.00%

-0.04%

$ 52.51M

$ 7.59K

AllUnity CHF

CHFAU

$ 1.24

0.00%

-0.00%

+0.81%

$ 49.26M

$ 28.70K

XUSD

$ 0.9998

0.00%

+0.35%

-0.09%

$ 44.56M

$ 54.20K

Gemini Dollar

GUSD

$ 0.999228

0.00%

+0.01%

$ 39.26M

$ 331.01K

Aegis YUSD

YUSD

$ 0.999463

0.00%

+0.02%

$ 34.93M

$ 13.89K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.53M

$ 100.25K

BUSD

$ 0.996068

0.00%

-0.00%

-0.59%

$ 34.28M

$ 1.60K

Monerium EUR emoney

EURE

$ 1.16

0.00%

$ 33.27M

$ 1.99M

USDP

$ 1

+0.01%

0.00%

+0.06%

$ 31.95M

$ 5.78K

TerraClassicUSD

USTC

$ 0.005579

-0.92%

+3.85%

+6.92%

$ 31.11M

$ 12.40M

Tokenised GBP

TGBP

$ 1.35

0.00%

+0.00%

0.00%

$ 27.03M

$ 152.57K

Liquity USD

LUSD

$ 1.008

0.00%

-0.00%

-0.69%

$ 26.59M

$ 37.08K

FRAX

$ 0.2991

+0.13%

+1.84%

+3.88%

$ 26.43M

$ 209.26K

MetaMask USD

MUSD

$ 0.999776

0.00%

+0.02%

$ 25.31M

$ 1.08M

Electronic USD

EUSD

$ 0.997366

-0.09%

-0.00%

-0.21%

$ 22.79M

$ 110.84K

Hex Trust USD

USDX

$ 0.990735

0.00%

-0.37%

$ 19.51M

$ 52.00

Mento Dollar

USDM

$ 0.998235

-0.04%

-0.00%

-0.28%

$ 14.29M

$ 62.88K

XSGD

$ 0.789573

+0.02%

+0.00%

+0.56%

$ 12.84M

$ 497.49K

USD CoinVertible

USDCV

$ 1.0

+0.03%

0.00%

+0.02%

$ 12.55M

$ 22.83M

Stable Mint USD

USDSM

$ 0.999881

0.00%

$ 12.22M

$ 710.46

YUSD Stablecoin

YUSD

$ 0.99663

0.00%

$ 11.81M

$ 6.70

MAI

MIMATIC

$ 0.978797

+0.07%

0.00%

-0.17%

$ 11.61M

$ 2.82K

USDB

$ 0.997611

+0.14%

0.00%

-0.34%

$ 11.60M

$ 8.91K

Stable Coin

SBC

$ 0.999523

0.00%

-0.02%

$ 10.42M

$ 3.13K

Alchemix USD

ALUSD

$ 0.952304

0.00%

+0.75%

$ 10.01M

$ 38.48K

USAT

$ 0.9998

-0.01%

+0.02%

-0.02%

$ 10.00M

$ 56.61K

Rupiah Token

IDRT

$ 5.698E-5

0.00%

+3.73%

$ 9.91M

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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