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

$ 0.999591

0.00%

-0.04%

$ 183.39B

$ 58.51B

USDCoin

USDC

$ 1.00027

-0.02%

0.00%

+0.04%

$ 74.17B

$ 109.68M

Sky Dollar

USDS

$ 0.9999

+0.19%

0.00%

+0.03%

$ 9.83B

$ 112.03K

Ethena USDe

USDE

$ 1

-0.01%

0.00%

+0.01%

$ 4.52B

$ 1.13M

Global Dollar

USDG

$ 0.999991

0.00%

$ 3.31B

$ 1.74B

PayPal USD

PYUSD

$ 0.999789

0.00%

-0.02%

$ 2.77B

$ 97.57M

Ripple USD

RLUSD

$ 0.999977

+0.01%

0.00%

+0.01%

$ 2.41B

$ 255.80M

GHO

$ 0.998681

+0.01%

0.00%

-0.06%

$ 698.08M

$ 3.70M

Usual USD

USD0

$ 0.99867

0.00%

+0.00%

0.00%

$ 547.70M

$ 105.78K

TrueUSD

TUSD

$ 0.9996

-0.02%

-0.01%

+0.01%

$ 494.32M

$ 8.76K

USDtb

USDTB

$ 0.999556

0.00%

-0.04%

$ 483.29M

$ 30.74K

A7A5

$ 0.01176274

+0.01%

-0.00%

+1.88%

$ 461.48M

$ 1.92K

First Digital USD

FDUSD

$ 0.9989

+0.01%

+0.03%

$ 329.51M

$ 77.55K

AUSD

$ 0.999713

0.00%

-0.03%

$ 241.94M

$ 11.55M

crvUSD

CRVUSD

$ 0.999602

-0.02%

0.00%

-0.04%

$ 205.21M

$ 9.45M

EUR CoinVertible

EURCV

$ 1.16

0.00%

$ 191.85M

$ 33.50M

Frax USD

FRXUSD

$ 0.999839

+0.01%

0.00%

-0.02%

$ 107.48M

$ 1.86M

Cygnus Finance Global USD

CGUSD

$ 0.994189

+0.01%

0.00%

-0.04%

$ 75.76M

$ 6.00

USDsui

USDSUI

$ 1.001

+0.10%

0.00%

+0.10%

$ 74.18M

$ 2.54M

Crown BRLV

BRLV

$ 0.196721

+0.65%

+0.01%

+0.86%

$ 73.61M

$ 6.12K

DOLA

$ 0.996981

+0.02%

0.00%

-0.04%

$ 69.99M

$ 317.93K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00648857

+0.43%

+0.01%

+1.65%

$ 57.14M

$ 71.96K

Brazilian Digital

BRZ

$ 0.191112

+1.28%

+0.02%

-1.61%

$ 52.05M

$ 27.92K

AllUnity CHF

CHFAU

$ 1.23

0.00%

-0.00%

-0.81%

$ 47.75M

$ 21.70K

XUSD

$ 1.0009

0.00%

-0.01%

+0.04%

$ 41.16M

$ 49.65K

Gemini Dollar

GUSD

$ 0.999153

0.00%

+0.00%

-0.07%

$ 39.18M

$ 288.34K

Aegis YUSD

YUSD

$ 0.999315

-0.37%

0.00%

-0.03%

$ 34.92M

$ 4.52K

BUSD

$ 1.0

-0.10%

+0.00%

0.00%

$ 34.43M

$ 2.64K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.36M

$ 5.92K

Monerium EUR emoney

EURE

$ 1.16

0.00%

-0.00%

0.00%

$ 32.86M

$ 1.37M

USDP

$ 0.9986

-0.01%

+0.02%

-0.46%

$ 29.13M

$ 28.57K

TerraClassicUSD

USTC

$ 0.005193

-0.27%

-0.79%

-5.35%

$ 28.57M

$ 12.58M

MetaMask USD

MUSD

$ 0.999636

0.00%

-0.04%

$ 27.41M

$ 7.34M

Tokenised GBP

TGBP

$ 1.35

0.00%

$ 26.99M

$ 81.74K

Liquity USD

LUSD

$ 1.011

-0.79%

+0.01%

+0.10%

$ 26.65M

$ 8.26K

FRAX

$ 0.2788

+0.04%

+0.99%

-7.33%

$ 24.22M

$ 207.92K

Electronic USD

EUSD

$ 0.999287

-0.07%

0.00%

+0.07%

$ 22.81M

$ 213.64K

Hex Trust USD

USDX

$ 0.992435

0.00%

+0.01%

-0.12%

$ 22.52M

$ 44.02

Stable Coin

SBC

$ 0.999425

-0.02%

0.00%

-0.04%

$ 20.65M

$ 17.32K

Mento Dollar

USDM

$ 1.003

+2.40%

+0.00%

+0.33%

$ 14.55M

$ 760.94K

Stable Mint USD

USDSM

$ 0.99971

0.00%

-0.01%

$ 13.71M

$ 6.20K

XSGD

$ 0.788826

+0.13%

0.00%

+0.05%

$ 13.01M

$ 519.18K

USD CoinVertible

USDCV

$ 1.0

+0.01%

0.00%

+0.03%

$ 12.55M

$ 26.11M

YUSD Stablecoin

YUSD

$ 0.996729

0.00%

-0.06%

$ 11.81M

$ 17.77

MAI

MIMATIC

$ 0.978713

+0.07%

+0.00%

-0.07%

$ 11.61M

$ 5.59K

USDB

$ 1.002

-0.50%

+0.01%

+0.67%

$ 11.57M

$ 42.21K

USAT

$ 0.9995

+0.22%

0.00%

$ 10.00M

$ 50.58K

Alchemix USD

ALUSD

$ 0.949154

-0.02%

+0.00%

-0.39%

$ 9.88M

$ 44.77K

Rupiah Token

IDRT

$ 5.501E-5

0.00%

-0.87%

$ 9.56M

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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