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

$ 0.999834

0.00%

-0.01%

$ 183.43B

$ 52.98B

USDCoin

USDC

$ 1.00009

0.00%

+0.02%

$ 74.81B

$ 100.77M

Sky Dollar

USDS

$ 1.0003

+0.02%

0.00%

+0.03%

$ 10.58B

$ 74.34K

Ethena USDe

USDE

$ 1

+0.01%

0.00%

$ 4.49B

$ 939.31K

Global Dollar

USDG

$ 1.0

0.00%

$ 3.32B

$ 1.28B

PayPal USD

PYUSD

$ 0.999947

0.00%

-0.01%

$ 2.82B

$ 53.69M

Ripple USD

RLUSD

$ 1.0

0.00%

$ 2.43B

$ 190.92M

GHO

$ 0.998471

-0.01%

0.00%

-0.06%

$ 697.94M

$ 7.53M

Usual USD

USD0

$ 0.998911

0.00%

+0.01%

$ 547.86M

$ 569.60K

TrueUSD

TUSD

$ 0.9995

-0.01%

-0.02%

$ 494.27M

$ 5.59K

USDtb

USDTB

$ 1.0

0.00%

$ 483.18M

$ 574.55K

A7A5

$ 0.01167517

0.00%

+0.00%

+1.76%

$ 458.06M

$ 1.47K

First Digital USD

FDUSD

$ 0.9987

0.00%

+0.06%

-0.05%

$ 337.21M

$ 81.77K

AUSD

$ 0.999687

-0.02%

0.00%

-0.02%

$ 250.84M

$ 12.67M

crvUSD

CRVUSD

$ 0.999665

-0.01%

0.00%

-0.03%

$ 213.69M

$ 9.09M

EUR CoinVertible

EURCV

$ 1.16

0.00%

$ 192.55M

$ 43.18M

Frax USD

FRXUSD

$ 0.999708

0.00%

-0.03%

$ 109.62M

$ 3.09M

Cygnus Finance Global USD

CGUSD

$ 0.994336

0.00%

-0.03%

$ 75.77M

$ 4.40

USDsui

USDSUI

$ 1.0

-0.10%

0.00%

$ 74.13M

$ 2.64M

Crown BRLV

BRLV

$ 0.195881

-0.01%

-0.00%

-0.12%

$ 73.25M

$ 2.32K

DOLA

$ 0.996558

-0.05%

0.00%

-0.09%

$ 70.33M

$ 333.80K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00648894

0.00%

+0.00%

+0.92%

$ 57.14M

$ 37.94K

Brazilian Digital

BRZ

$ 0.195603

-0.17%

+0.01%

+0.80%

$ 53.16M

$ 14.63K

AllUnity CHF

CHFAU

$ 1.23

0.00%

-0.81%

$ 49.17M

$ 11.64K

XUSD

$ 1.0006

-0.02%

+0.08%

-0.02%

$ 44.60M

$ 54.08K

Gemini Dollar

GUSD

$ 0.999432

0.00%

-0.03%

$ 39.24M

$ 303.10K

Aegis YUSD

YUSD

$ 0.999449

0.00%

-0.03%

$ 34.93M

$ 1.58K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.52M

$ 32.78K

BUSD

$ 0.996883

-0.19%

-0.00%

-0.24%

$ 34.31M

$ 667.91

Monerium EUR emoney

EURE

$ 1.16

-0.85%

+0.00%

0.00%

$ 32.84M

$ 1.08M

USDP

$ 1.0005

0.00%

-0.04%

$ 31.97M

$ 5.63K

TerraClassicUSD

USTC

$ 0.005593

+0.84%

+1.45%

+3.96%

$ 31.31M

$ 9.59M

Tokenised GBP

TGBP

$ 1.36

0.00%

+0.00%

+0.74%

$ 27.05M

$ 106.16K

Liquity USD

LUSD

$ 1.01

0.00%

$ 26.62M

$ 19.42K

FRAX

$ 0.2947

-0.27%

+1.54%

-0.30%

$ 26.16M

$ 195.96K

MetaMask USD

MUSD

$ 0.999839

0.00%

-0.02%

$ 25.71M

$ 2.59M

Electronic USD

EUSD

$ 0.998981

+0.09%

+0.00%

-0.01%

$ 22.82M

$ 1.04M

Hex Trust USD

USDX

$ 0.994952

+0.21%

+0.00%

+0.15%

$ 22.58M

$ 44.70

Stable Coin

SBC

$ 0.999575

0.00%

-0.03%

$ 20.50M

$ 24.15K

Stable Mint USD

USDSM

$ 1.0

0.00%

$ 15.18M

$ 1.92K

Mento Dollar

USDM

$ 0.996643

-0.23%

-0.00%

-0.44%

$ 14.27M

$ 95.80K

XSGD

$ 0.790143

-0.03%

0.00%

+0.26%

$ 12.85M

$ 407.61K

USD CoinVertible

USDCV

$ 0.999637

+0.01%

0.00%

-0.03%

$ 12.54M

$ 47.18M

YUSD Stablecoin

YUSD

$ 0.996274

0.00%

-0.07%

$ 11.80M

$ 1.06

MAI

MIMATIC

$ 0.979008

0.00%

-0.09%

$ 11.61M

$ 4.66K

USDB

$ 0.997753

-0.10%

-0.00%

-0.52%

$ 11.57M

$ 6.94K

USAT

$ 0.9996

+0.01%

-0.01%

-0.02%

$ 10.00M

$ 53.08K

Alchemix USD

ALUSD

$ 0.951532

-0.02%

-0.00%

+0.76%

$ 9.91M

$ 47.18K

Rupiah Token

IDRT

$ 5.502E-5

0.00%

+0.03%

+1.21%

$ 9.57M

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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