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

$ 0.999661

+0.01%

0.00%

+0.01%

$ 183.38B

$ 56.43B

USDCoin

USDC

$ 1.00019

-0.01%

+0.01%

-0.01%

$ 74.81B

$ 104.37M

Sky Dollar

USDS

$ 1.0001

0.00%

-0.01%

-0.03%

$ 10.57B

$ 61.61K

Ethena USDe

USDE

$ 1

0.00%

$ 4.49B

$ 6.22M

Global Dollar

USDG

$ 0.999987

0.00%

$ 3.25B

$ 1.31B

PayPal USD

PYUSD

$ 0.999796

0.00%

-0.01%

$ 2.89B

$ 59.46M

Ripple USD

RLUSD

$ 0.999911

0.00%

-0.01%

$ 2.42B

$ 139.47M

GHO

$ 0.998518

+0.01%

0.00%

+0.02%

$ 697.96M

$ 4.92M

Usual USD

USD0

$ 0.998089

0.00%

-0.08%

$ 547.87M

$ 3.52M

TrueUSD

TUSD

$ 0.9996

0.00%

-0.01%

+0.04%

$ 494.32M

$ 5.58K

USDtb

USDTB

$ 0.999788

+0.01%

0.00%

+0.02%

$ 483.06M

$ 916.86K

A7A5

$ 0.01170669

+0.01%

+1.62%

$ 459.26M

$ 3.17K

First Digital USD

FDUSD

$ 0.9987

0.00%

+0.01%

$ 337.11M

$ 70.92K

AUSD

$ 0.999664

-0.01%

0.00%

$ 254.46M

$ 9.24M

crvUSD

CRVUSD

$ 0.999628

-0.01%

0.00%

+0.04%

$ 224.45M

$ 29.96M

EUR CoinVertible

EURCV

$ 1.16

0.00%

$ 186.05M

$ 28.63M

Frax USD

FRXUSD

$ 0.999821

+0.01%

0.00%

+0.06%

$ 109.87M

$ 6.43M

Cygnus Finance Global USD

CGUSD

$ 0.994303

+0.01%

0.00%

+0.01%

$ 75.77M

$ 7.65

USDsui

USDSUI

$ 1.0

+0.02%

0.00%

$ 74.10M

$ 3.57M

Crown BRLV

BRLV

$ 0.196741

+0.01%

+0.59%

$ 73.55M

$ 2.90K

DOLA

$ 0.996898

+0.05%

0.00%

+0.01%

$ 70.07M

$ 446.62K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00647585

0.00%

+0.00%

+3.46%

$ 57.02M

$ 83.17K

Brazilian Digital

BRZ

$ 0.194922

+0.03%

+0.01%

+0.28%

$ 53.02M

$ 14.39K

AllUnity CHF

CHFAU

$ 1.23

0.00%

$ 49.13M

$ 21.00K

XUSD

$ 0.9998

+0.01%

+0.11%

-0.10%

$ 44.56M

$ 54.80K

Gemini Dollar

GUSD

$ 0.99929

+0.01%

0.00%

+0.03%

$ 39.26M

$ 306.00K

Aegis YUSD

YUSD

$ 0.999394

+0.02%

0.00%

+0.02%

$ 34.93M

$ 78.12K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.54M

$ 10.85K

BUSD

$ 0.997287

-0.07%

-0.00%

-0.01%

$ 34.32M

$ 1.63K

Monerium EUR emoney

EURE

$ 1.16

0.00%

+0.00%

0.00%

$ 32.78M

$ 2.18M

USDP

$ 1.0005

0.00%

+0.02%

-0.15%

$ 31.97M

$ 5.79K

TerraClassicUSD

USTC

$ 0.00554

+0.56%

+0.73%

+7.59%

$ 30.99M

$ 11.80M

Tokenised GBP

TGBP

$ 1.35

0.00%

+0.00%

0.00%

$ 27.03M

$ 129.25K

Liquity USD

LUSD

$ 1.009

0.00%

+0.30%

$ 26.61M

$ 34.47K

FRAX

$ 0.2945

+0.34%

+0.62%

-1.45%

$ 25.82M

$ 216.23K

MetaMask USD

MUSD

$ 0.999786

+0.01%

0.00%

+0.02%

$ 25.31M

$ 1.40M

Electronic USD

EUSD

$ 1.002

+0.10%

+0.00%

+0.36%

$ 22.89M

$ 153.35K

Hex Trust USD

USDX

$ 0.996492

+0.26%

+0.30%

$ 22.61M

$ 5.02

Mento Dollar

USDM

$ 1.002

-0.69%

+0.00%

+0.10%

$ 14.34M

$ 85.20K

XSGD

$ 0.789616

+0.09%

0.00%

+0.50%

$ 12.84M

$ 645.94K

USD CoinVertible

USDCV

$ 0.999529

-0.04%

0.00%

-0.03%

$ 12.54M

$ 31.01M

Stable Mint USD

USDSM

$ 0.999652

0.00%

+0.03%

$ 12.15M

$ 660.00

YUSD Stablecoin

YUSD

$ 0.995965

+0.01%

0.00%

+0.02%

$ 11.80M

$ 7.54

USDB

$ 1.002

+0.73%

+0.01%

+0.51%

$ 11.64M

$ 13.05K

MAI

MIMATIC

$ 0.978876

+0.04%

0.00%

+0.06%

$ 11.61M

$ 8.39K

Stable Coin

SBC

$ 0.999522

+0.01%

0.00%

$ 10.58M

$ 22.68K

Alchemix USD

ALUSD

$ 0.956722

+0.91%

+0.00%

+1.45%

$ 10.05M

$ 31.48K

USAT

$ 0.9995

-0.01%

0.00%

-0.03%

$ 10.00M

$ 53.96K

Rupiah Token

IDRT

$ 5.731E-5

+0.14%

+1.96%

+4.96%

$ 9.96M

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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