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

$ 0.999633

0.00%

+0.01%

$ 183.37B

$ 52.37B

USDCoin

USDC

$ 1.00022

0.00%

+0.02%

-0.01%

$ 74.81B

$ 95.45M

Sky Dollar

USDS

$ 1

0.00%

-0.01%

-0.02%

$ 10.57B

$ 59.92K

Ethena USDe

USDE

$ 1.0002

0.00%

+0.02%

0.00%

$ 4.49B

$ 4.79M

Global Dollar

USDG

$ 0.999986

0.00%

+0.01%

$ 3.25B

$ 1.25B

PayPal USD

PYUSD

$ 0.999832

0.00%

+0.01%

$ 2.89B

$ 74.12M

Ripple USD

RLUSD

$ 0.99997

0.00%

$ 2.43B

$ 111.11M

GHO

$ 0.998807

-0.01%

0.00%

+0.04%

$ 698.18M

$ 3.46M

Usual USD

USD0

$ 0.998069

-0.01%

0.00%

-0.06%

$ 547.88M

$ 3.42M

TrueUSD

TUSD

$ 0.9997

+0.02%

+0.03%

+0.04%

$ 494.37M

$ 6.17K

USDtb

USDTB

$ 0.999945

0.00%

+0.04%

$ 483.14M

$ 957.88K

A7A5

$ 0.0115304

-0.04%

-0.00%

+0.71%

$ 452.37M

$ 4.05K

First Digital USD

FDUSD

$ 0.9988

0.00%

+0.01%

$ 337.15M

$ 107.52K

AUSD

$ 0.999793

0.00%

+0.02%

$ 254.49M

$ 7.78M

crvUSD

CRVUSD

$ 0.999734

0.00%

+0.04%

$ 226.53M

$ 24.45M

EUR CoinVertible

EURCV

$ 1.16

0.00%

-0.00%

0.00%

$ 185.95M

$ 23.97M

Frax USD

FRXUSD

$ 0.999586

-0.02%

0.00%

-0.01%

$ 110.65M

$ 5.65M

Cygnus Finance Global USD

CGUSD

$ 0.994251

-0.01%

0.00%

$ 75.76M

$ 7.67

USDsui

USDSUI

$ 0.998902

-0.10%

0.00%

-0.06%

$ 74.03M

$ 2.71M

Crown BRLV

BRLV

$ 0.195033

0.00%

+0.52%

$ 72.91M

$ 241.19

DOLA

$ 0.997114

-0.01%

0.00%

$ 70.04M

$ 439.17K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00646566

+0.01%

+3.78%

$ 56.93M

$ 83.86K

Brazilian Digital

BRZ

$ 0.192817

-0.06%

-0.00%

-0.18%

$ 52.44M

$ 9.09K

AllUnity CHF

CHFAU

$ 1.23

0.00%

-0.00%

0.00%

$ 49.09M

$ 21.71K

XUSD

$ 0.9998

+0.01%

+0.11%

-0.10%

$ 44.56M

$ 54.58K

Gemini Dollar

GUSD

$ 0.999186

0.00%

+0.01%

$ 39.25M

$ 330.70K

Aegis YUSD

YUSD

$ 0.999404

0.00%

$ 34.93M

$ 13.62K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.53M

$ 21.21K

BUSD

$ 0.996148

0.00%

-0.00%

-0.17%

$ 34.28M

$ 1.05K

Monerium EUR emoney

EURE

$ 1.16

0.00%

$ 33.38M

$ 2.03M

USDP

$ 1.0003

+0.04%

0.00%

+0.08%

$ 31.96M

$ 5.79K

TerraClassicUSD

USTC

$ 0.005579

+0.05%

+1.28%

+8.76%

$ 31.28M

$ 12.15M

Tokenised GBP

TGBP

$ 1.35

0.00%

$ 27.00M

$ 139.48K

Liquity USD

LUSD

$ 1.009

0.00%

+0.20%

$ 26.61M

$ 34.17K

FRAX

$ 0.2964

+0.03%

+1.80%

+3.64%

$ 26.41M

$ 223.81K

MetaMask USD

MUSD

$ 0.999715

0.00%

+0.01%

$ 25.31M

$ 804.55K

Electronic USD

EUSD

$ 1.0

-0.20%

0.00%

+0.01%

$ 22.85M

$ 120.38K

Hex Trust USD

USDX

$ 0.990735

0.00%

-0.65%

$ 19.51M

$ 52.00

Mento Dollar

USDM

$ 0.997204

-0.21%

0.00%

-0.38%

$ 14.31M

$ 61.33K

XSGD

$ 0.789379

+0.01%

0.00%

+0.52%

$ 12.83M

$ 649.16K

USD CoinVertible

USDCV

$ 0.999795

+0.04%

0.00%

+0.04%

$ 12.54M

$ 24.08M

Stable Mint USD

USDSM

$ 0.999862

0.00%

+0.05%

$ 12.22M

$ 690.71

YUSD Stablecoin

YUSD

$ 0.996598

0.00%

+0.09%

$ 11.81M

$ 6.60

USDB

$ 1.004

-0.30%

+0.01%

+0.77%

$ 11.66M

$ 10.57K

MAI

MIMATIC

$ 0.978993

0.00%

+0.06%

$ 11.61M

$ 3.60K

Stable Coin

SBC

$ 0.99948

-0.02%

0.00%

-0.01%

$ 10.71M

$ 14.64K

Alchemix USD

ALUSD

$ 0.953263

0.00%

-0.00%

+0.88%

$ 10.02M

$ 33.10K

USAT

$ 0.9997

0.00%

+0.01%

-0.01%

$ 10.00M

$ 54.75K

Rupiah Token

IDRT

$ 5.639E-5

+0.05%

+1.39%

+1.81%

$ 9.80M

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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