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

$ 0.999854

0.00%

-0.01%

$ 183.43B

$ 71.58B

USDCoin

USDC

$ 1.00003

0.00%

-0.02%

+0.02%

$ 74.15B

$ 110.20M

Sky Dollar

USDS

$ 1

-0.02%

0.00%

+0.04%

$ 9.83B

$ 55.16K

Ethena USDe

USDE

$ 1

-0.02%

0.00%

+0.02%

$ 4.52B

$ 1.85M

Global Dollar

USDG

$ 0.99986

0.00%

-0.01%

$ 3.31B

$ 2.06B

PayPal USD

PYUSD

$ 0.999879

+0.01%

0.00%

-0.01%

$ 2.77B

$ 130.90M

Ripple USD

RLUSD

$ 0.999994

0.00%

$ 2.42B

$ 288.80M

GHO

$ 0.998789

0.00%

-0.05%

$ 698.15M

$ 10.15M

Usual USD

USD0

$ 0.998943

-0.02%

0.00%

+0.02%

$ 547.37M

$ 1.00M

TrueUSD

TUSD

$ 0.9996

0.00%

+0.01%

0.00%

$ 494.32M

$ 9.33K

USDtb

USDTB

$ 0.999881

0.00%

-0.01%

$ 483.79M

$ 55.69K

A7A5

$ 0.0117365

0.00%

-0.01%

+1.28%

$ 460.46M

$ 1.43K

First Digital USD

FDUSD

$ 0.9989

0.00%

+0.04%

$ 329.45M

$ 140.66K

AUSD

$ 0.999912

+0.01%

0.00%

-0.01%

$ 242.30M

$ 14.31M

crvUSD

CRVUSD

$ 1.0

+0.02%

0.00%

+0.01%

$ 204.75M

$ 42.46M

EUR CoinVertible

EURCV

$ 1.16

0.00%

-0.00%

0.00%

$ 191.79M

$ 40.35M

Frax USD

FRXUSD

$ 0.999664

0.00%

-0.03%

$ 106.54M

$ 6.10M

Cygnus Finance Global USD

CGUSD

$ 0.996065

+0.01%

+0.15%

$ 75.90M

$ 7.05

USDsui

USDSUI

$ 1.001

+0.10%

0.00%

+0.12%

$ 74.19M

$ 2.75M

Crown BRLV

BRLV

$ 0.195144

0.00%

-0.00%

+0.06%

$ 73.04M

$ 4.59K

DOLA

$ 0.997241

+0.03%

0.00%

-0.04%

$ 70.01M

$ 485.69K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00648393

-0.03%

+0.00%

+1.58%

$ 57.09M

$ 103.51K

Brazilian Digital

BRZ

$ 0.188889

0.00%

+0.00%

-2.71%

$ 51.48M

$ 18.49K

AllUnity CHF

CHFAU

$ 1.22

0.00%

-0.00%

-1.61%

$ 47.66M

$ 27.89K

XUSD

$ 1.0006

-0.05%

0.00%

$ 41.15M

$ 54.60K

Gemini Dollar

GUSD

$ 1.002

+0.28%

+0.00%

+0.24%

$ 39.23M

$ 877.39K

Aegis YUSD

YUSD

$ 0.999107

+0.02%

0.00%

-0.09%

$ 34.92M

$ 9.03K

BUSD

$ 0.999684

0.00%

+0.00%

-0.03%

$ 34.41M

$ 1.75K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.35M

$ 66.36K

Monerium EUR emoney

EURE

$ 1.16

0.00%

$ 32.84M

$ 1.45M

USDP

$ 0.998

+0.01%

-0.04%

-0.52%

$ 29.11M

$ 34.65K

TerraClassicUSD

USTC

$ 0.005145

+0.73%

+2.05%

-5.92%

$ 28.62M

$ 11.44M

Tokenised GBP

TGBP

$ 1.35

0.00%

$ 26.99M

$ 175.27K

Liquity USD

LUSD

$ 1.01

+0.40%

0.00%

$ 26.55M

$ 81.79K

MetaMask USD

MUSD

$ 0.999814

0.00%

-0.02%

$ 26.23M

$ 4.96M

FRAX

$ 0.2738

+0.07%

+1.71%

-8.57%

$ 24.10M

$ 216.58K

Electronic USD

EUSD

$ 0.998737

-0.02%

0.00%

-0.01%

$ 22.86M

$ 296.37K

Hex Trust USD

USDX

$ 0.987988

-0.04%

-0.57%

$ 22.38M

$ 2.06

Mento Dollar

USDM

$ 1.0

-0.20%

0.00%

-0.60%

$ 14.55M

$ 1.13M

XSGD

$ 0.788313

+0.02%

0.00%

-0.05%

$ 13.00M

$ 711.26K

Stable Coin

SBC

$ 0.999815

+0.02%

0.00%

-0.02%

$ 12.64M

$ 19.93K

USD CoinVertible

USDCV

$ 1.0

0.00%

+0.01%

$ 12.55M

$ 60.15M

Stable Mint USD

USDSM

$ 0.999839

-0.01%

0.00%

+0.02%

$ 12.22M

$ 22.06K

YUSD Stablecoin

YUSD

$ 0.996136

0.00%

-0.07%

$ 11.80M

$ 34.78

MAI

MIMATIC

$ 0.979554

-0.05%

+0.00%

-0.13%

$ 11.62M

$ 9.68K

USDB

$ 0.997199

+0.25%

0.00%

-1.07%

$ 11.46M

$ 107.96K

USAT

$ 0.9996

0.00%

-0.01%

+0.02%

$ 10.00M

$ 52.81K

Alchemix USD

ALUSD

$ 0.949594

+0.01%

0.00%

-0.42%

$ 9.86M

$ 78.43K

Rupiah Token

IDRT

$ 5.63E-5

-0.46%

0.00%

-1.31%

$ 9.79M

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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