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

$ 0.999726

0.00%

+0.01%

$ 183.39B

$ 56.77B

USDCoin

USDC

$ 1.00006

-0.01%

0.00%

-0.02%

$ 74.80B

$ 105.12M

Sky Dollar

USDS

$ 1.0001

+0.02%

$ 10.58B

$ 61.54K

Ethena USDe

USDE

$ 1

0.00%

$ 4.49B

$ 6.51M

Global Dollar

USDG

$ 1.0

0.00%

$ 3.30B

$ 1.31B

PayPal USD

PYUSD

$ 0.999962

0.00%

+0.02%

$ 2.89B

$ 55.75M

Ripple USD

RLUSD

$ 0.999974

0.00%

$ 2.43B

$ 128.21M

GHO

$ 0.998594

0.00%

$ 698.02M

$ 5.38M

Usual USD

USD0

$ 0.998107

0.00%

-0.07%

$ 547.90M

$ 3.38M

TrueUSD

TUSD

$ 0.9996

-0.01%

-0.02%

+0.02%

$ 494.27M

$ 5.59K

USDtb

USDTB

$ 1.0

0.00%

+0.05%

$ 483.22M

$ 1.17M

A7A5

$ 0.01170795

0.00%

+0.01%

+1.32%

$ 459.34M

$ 3.17K

First Digital USD

FDUSD

$ 0.9988

-0.01%

0.00%

-0.01%

$ 337.08M

$ 71.14K

AUSD

$ 0.99993

0.00%

+0.02%

$ 254.88M

$ 9.37M

crvUSD

CRVUSD

$ 0.999695

0.00%

+0.03%

$ 223.84M

$ 25.51M

EUR CoinVertible

EURCV

$ 1.16

0.00%

$ 186.12M

$ 29.26M

Frax USD

FRXUSD

$ 1.0

0.00%

+0.03%

$ 109.82M

$ 5.97M

Cygnus Finance Global USD

CGUSD

$ 0.994417

+0.01%

0.00%

+0.02%

$ 75.78M

$ 6.56

USDsui

USDSUI

$ 1.0

-0.10%

0.00%

$ 74.13M

$ 3.36M

Crown BRLV

BRLV

$ 0.196523

-0.11%

+0.42%

$ 73.49M

$ 4.07K

DOLA

$ 0.99725

+0.05%

0.00%

+0.03%

$ 70.10M

$ 345.26K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00647731

+0.01%

+0.00%

+3.46%

$ 57.04M

$ 76.13K

Brazilian Digital

BRZ

$ 0.195045

-0.02%

+0.01%

+0.23%

$ 53.03M

$ 16.07K

AllUnity CHF

CHFAU

$ 1.24

0.00%

+0.81%

$ 49.20M

$ 21.56K

XUSD

$ 0.9998

0.00%

+0.10%

-0.09%

$ 44.56M

$ 54.39K

Gemini Dollar

GUSD

$ 0.99943

+0.01%

0.00%

+0.01%

$ 39.26M

$ 305.07K

Aegis YUSD

YUSD

$ 0.999602

0.00%

+0.03%

$ 34.93M

$ 72.25K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.55M

$ 13.96K

BUSD

$ 0.998035

-0.02%

0.00%

-0.09%

$ 34.35M

$ 1.16K

Monerium EUR emoney

EURE

$ 1.16

0.00%

+0.00%

0.00%

$ 32.99M

$ 2.08M

USDP

$ 1.0005

0.00%

+0.03%

-0.14%

$ 31.97M

$ 5.79K

TerraClassicUSD

USTC

$ 0.005654

-0.27%

+2.18%

+9.20%

$ 31.32M

$ 11.71M

Tokenised GBP

TGBP

$ 1.35

0.00%

$ 27.01M

$ 117.58K

Liquity USD

LUSD

$ 1.01

+0.10%

+0.00%

+0.10%

$ 26.62M

$ 34.80K

FRAX

$ 0.2954

+0.17%

+1.27%

+1.48%

$ 26.05M

$ 218.56K

MetaMask USD

MUSD

$ 0.999921

+0.01%

0.00%

+0.03%

$ 25.12M

$ 1.35M

Electronic USD

EUSD

$ 0.997551

-0.34%

-0.00%

-0.34%

$ 22.79M

$ 469.06K

Hex Trust USD

USDX

$ 0.993228

0.00%

-0.02%

$ 22.54M

$ 5.01

Mento Dollar

USDM

$ 0.996517

-0.30%

-0.00%

-0.45%

$ 14.25M

$ 85.31K

XSGD

$ 0.791217

-0.02%

+0.00%

+0.71%

$ 12.86M

$ 793.65K

USD CoinVertible

USDCV

$ 0.999778

-0.02%

0.00%

-0.01%

$ 12.55M

$ 32.46M

Stable Mint USD

USDSM

$ 0.999887

0.00%

+0.05%

$ 12.16M

$ 659.56

YUSD Stablecoin

YUSD

$ 0.996731

0.00%

+0.10%

$ 11.81M

$ 505.52

USDB

$ 1.002

-0.30%

+0.01%

+0.28%

$ 11.64M

$ 20.08K

MAI

MIMATIC

$ 0.979077

+0.01%

0.00%

+0.08%

$ 11.62M

$ 8.83K

Stable Coin

SBC

$ 0.999624

0.00%

$ 10.59M

$ 23.61K

Alchemix USD

ALUSD

$ 0.947323

-0.59%

-0.00%

+0.46%

$ 10.01M

$ 30.83K

USAT

$ 0.9995

+0.02%

0.00%

$ 10.00M

$ 54.06K

Rupiah Token

IDRT

$ 5.727E-5

+0.03%

+2.88%

+4.34%

$ 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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