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%

+0.02%

$ 183.41B

$ 46.32B

USDCoin

USDC

$ 1.00015

0.00%

+0.01%

-0.02%

$ 74.81B

$ 82.32M

Sky Dollar

USDS

$ 0.9999

0.00%

+0.01%

-0.02%

$ 10.57B

$ 59.03K

Ethena USDe

USDE

$ 0.9999

-0.02%

+0.01%

-0.01%

$ 4.49B

$ 3.27M

Global Dollar

USDG

$ 1.0

0.00%

+0.01%

$ 3.26B

$ 1.25B

PayPal USD

PYUSD

$ 0.999835

0.00%

+0.01%

$ 2.89B

$ 71.84M

Ripple USD

RLUSD

$ 0.999973

0.00%

$ 2.43B

$ 107.76M

GHO

$ 0.998744

0.00%

$ 698.12M

$ 3.92M

Usual USD

USD0

$ 0.998089

0.00%

-0.07%

$ 547.89M

$ 3.56M

TrueUSD

TUSD

$ 0.9995

0.00%

$ 494.27M

$ 7.76K

USDtb

USDTB

$ 0.999749

0.00%

$ 483.04M

$ 765.28K

A7A5

$ 0.0115439

-0.01%

0.00%

+0.20%

$ 452.90M

$ 5.98K

First Digital USD

FDUSD

$ 0.9988

-0.01%

-0.06%

-0.02%

$ 337.08M

$ 125.40K

AUSD

$ 0.999689

-0.02%

0.00%

$ 255.09M

$ 3.99M

crvUSD

CRVUSD

$ 0.999635

-0.01%

0.00%

+0.01%

$ 231.02M

$ 16.48M

EUR CoinVertible

EURCV

$ 1.16

0.00%

+0.00%

0.00%

$ 186.08M

$ 21.14M

Frax USD

FRXUSD

$ 0.999732

+0.01%

0.00%

-0.01%

$ 111.86M

$ 2.32M

Cygnus Finance Global USD

CGUSD

$ 0.994336

0.00%

$ 75.77M

$ 13.52

USDsui

USDSUI

$ 1.0

+0.09%

0.00%

+0.03%

$ 74.12M

$ 2.39M

Crown BRLV

BRLV

$ 0.195033

0.00%

+0.52%

$ 72.91M

$ 241.19

DOLA

$ 0.997052

-0.01%

0.00%

$ 65.72M

$ 588.77K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00646167

0.00%

+0.01%

+3.88%

$ 56.90M

$ 105.89K

Brazilian Digital

BRZ

$ 0.193088

-0.02%

-0.00%

-0.22%

$ 52.51M

$ 7.61K

AllUnity CHF

CHFAU

$ 1.24

0.00%

+0.00%

+0.81%

$ 49.31M

$ 25.63K

XUSD

$ 0.9999

-0.01%

+0.26%

-0.10%

$ 44.56M

$ 53.65K

Gemini Dollar

GUSD

$ 0.999407

0.00%

+0.03%

$ 39.26M

$ 343.62K

Aegis YUSD

YUSD

$ 0.999382

-0.01%

0.00%

+0.01%

$ 34.93M

$ 10.81K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.57M

$ 100.29K

BUSD

$ 0.99622

0.00%

-0.00%

-0.19%

$ 34.29M

$ 2.05K

Monerium EUR emoney

EURE

$ 1.16

0.00%

$ 33.17M

$ 1.66M

USDP

$ 1

+0.01%

-0.03%

+0.06%

$ 31.95M

$ 5.78K

TerraClassicUSD

USTC

$ 0.005628

+0.12%

+3.60%

+7.54%

$ 31.27M

$ 12.32M

Tokenised GBP

TGBP

$ 1.35

0.00%

+0.00%

0.00%

$ 27.03M

$ 157.16K

Liquity USD

LUSD

$ 1.008

0.00%

-0.00%

-0.59%

$ 26.59M

$ 37.10K

FRAX

$ 0.2971

-0.34%

-1.17%

+2.97%

$ 26.01M

$ 203.47K

MetaMask USD

MUSD

$ 0.999812

0.00%

+0.02%

$ 25.31M

$ 1.12M

Electronic USD

EUSD

$ 0.997325

-0.03%

0.00%

-0.23%

$ 22.79M

$ 100.63K

Hex Trust USD

USDX

$ 0.990735

0.00%

-0.27%

$ 19.51M

$ 52.00

Mento Dollar

USDM

$ 1.001

+0.30%

-0.00%

0.00%

$ 14.34M

$ 49.05K

XSGD

$ 0.789611

-0.01%

+0.00%

+0.55%

$ 12.84M

$ 427.61K

USD CoinVertible

USDCV

$ 0.999519

-0.05%

0.00%

-0.05%

$ 12.54M

$ 21.08M

Stable Mint USD

USDSM

$ 0.999861

0.00%

$ 12.22M

$ 610.09

YUSD Stablecoin

YUSD

$ 0.996708

0.00%

+0.01%

$ 11.81M

$ 8.58

MAI

MIMATIC

$ 0.978363

+0.01%

0.00%

+0.07%

$ 11.61M

$ 2.46K

USDB

$ 0.997674

-0.17%

0.00%

-0.18%

$ 11.60M

$ 9.56K

Stable Coin

SBC

$ 0.999859

0.00%

+0.05%

$ 10.24M

$ 78.79

Alchemix USD

ALUSD

$ 0.952325

-0.03%

-0.00%

+0.77%

$ 10.01M

$ 39.09K

USAT

$ 0.9997

0.00%

+0.02%

-0.02%

$ 10.00M

$ 56.36K

Rupiah Token

IDRT

$ 5.697E-5

+0.39%

-0.46%

+4.69%

$ 9.90M

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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