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

$ 0.99958

0.00%

-0.04%

$ 183.38B

$ 56.26B

USDCoin

USDC

$ 1.00036

0.00%

+0.05%

$ 74.17B

$ 109.36M

Sky Dollar

USDS

$ 0.9995

0.00%

-0.02%

+0.02%

$ 9.83B

$ 112.18K

Ethena USDe

USDE

$ 1

0.00%

+0.01%

+0.03%

$ 4.52B

$ 1.53M

Global Dollar

USDG

$ 0.999985

+0.01%

0.00%

$ 3.31B

$ 1.61B

PayPal USD

PYUSD

$ 0.999731

0.00%

-0.03%

$ 2.77B

$ 121.20M

Ripple USD

RLUSD

$ 0.999955

0.00%

$ 2.41B

$ 261.19M

GHO

$ 0.998508

+0.01%

0.00%

-0.08%

$ 697.96M

$ 3.93M

Usual USD

USD0

$ 0.998838

+0.02%

0.00%

+0.01%

$ 547.78M

$ 110.57K

TrueUSD

TUSD

$ 0.9997

0.00%

-0.02%

-0.01%

$ 494.27M

$ 8.76K

USDtb

USDTB

$ 0.999537

0.00%

-0.05%

$ 483.27M

$ 30.82K

A7A5

$ 0.01176238

0.00%

-0.01%

+1.47%

$ 461.48M

$ 1.93K

First Digital USD

FDUSD

$ 0.9989

+0.01%

+0.02%

$ 329.48M

$ 73.76K

AUSD

$ 0.99969

+0.03%

0.00%

-0.03%

$ 241.94M

$ 11.40M

crvUSD

CRVUSD

$ 0.99933

0.00%

-0.06%

$ 205.08M

$ 10.64M

EUR CoinVertible

EURCV

$ 1.16

0.00%

-0.00%

0.00%

$ 191.62M

$ 32.90M

Frax USD

FRXUSD

$ 0.999589

0.00%

-0.03%

$ 107.46M

$ 2.44M

Cygnus Finance Global USD

CGUSD

$ 0.994128

0.00%

-0.05%

$ 75.76M

$ 6.00

USDsui

USDSUI

$ 1.0

+0.01%

0.00%

+0.02%

$ 74.13M

$ 2.51M

Crown BRLV

BRLV

$ 0.195665

-0.12%

+0.00%

+0.32%

$ 73.21M

$ 5.26K

DOLA

$ 0.996565

-0.01%

0.00%

-0.03%

$ 69.96M

$ 373.04K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00646027

-0.01%

-0.00%

+1.21%

$ 56.88M

$ 86.00K

Brazilian Digital

BRZ

$ 0.196307

+0.45%

-0.05%

+1.15%

$ 53.46M

$ 39.66K

AllUnity CHF

CHFAU

$ 1.23

0.00%

-0.00%

-0.81%

$ 47.73M

$ 17.79K

XUSD

$ 1.0008

0.00%

+0.01%

+0.05%

$ 41.16M

$ 49.52K

Gemini Dollar

GUSD

$ 0.999154

0.00%

-0.06%

$ 39.18M

$ 288.10K

Aegis YUSD

YUSD

$ 0.999551

-0.02%

0.00%

-0.01%

$ 34.93M

$ 4.06K

BUSD

$ 0.999619

-0.04%

+0.00%

-0.01%

$ 34.40M

$ 2.62K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.36M

$ 161.90K

Monerium EUR emoney

EURE

$ 1.16

0.00%

-0.00%

0.00%

$ 32.86M

$ 1.32M

USDP

$ 0.9987

0.00%

+0.03%

-0.46%

$ 29.13M

$ 28.56K

TerraClassicUSD

USTC

$ 0.005144

-0.34%

-2.03%

-6.45%

$ 28.04M

$ 12.59M

MetaMask USD

MUSD

$ 0.999621

0.00%

-0.04%

$ 27.41M

$ 8.03M

Tokenised GBP

TGBP

$ 1.35

0.00%

-0.00%

0.00%

$ 26.95M

$ 141.04K

Liquity USD

LUSD

$ 1.009

-0.10%

0.00%

-0.10%

$ 26.61M

$ 8.21K

FRAX

$ 0.2743

+0.04%

-0.81%

-8.23%

$ 23.90M

$ 216.85K

Electronic USD

EUSD

$ 0.999291

+0.06%

0.00%

+0.07%

$ 22.81M

$ 201.14K

Hex Trust USD

USDX

$ 0.992435

0.00%

+0.01%

-0.12%

$ 22.52M

$ 44.02

Stable Coin

SBC

$ 0.999395

0.00%

-0.04%

$ 20.65M

$ 15.73K

Mento Dollar

USDM

$ 0.999635

-0.14%

0.00%

-0.04%

$ 14.50M

$ 754.08K

Stable Mint USD

USDSM

$ 0.999881

0.00%

+0.01%

$ 13.72M

$ 6.20K

XSGD

$ 0.787807

+0.03%

-0.00%

-0.08%

$ 12.99M

$ 487.48K

USD CoinVertible

USDCV

$ 1.0

0.00%

+0.03%

$ 12.55M

$ 25.78M

YUSD Stablecoin

YUSD

$ 0.995768

0.00%

-0.02%

$ 11.80M

$ 14.16

MAI

MIMATIC

$ 0.977705

0.00%

-0.16%

$ 11.60M

$ 4.73K

USDB

$ 0.995556

-0.03%

+0.00%

+0.15%

$ 11.50M

$ 43.74K

USAT

$ 0.9978

0.00%

+0.02%

+0.01%

$ 10.00M

$ 50.19K

Alchemix USD

ALUSD

$ 0.9489

-0.01%

0.00%

-0.40%

$ 9.88M

$ 73.44K

Rupiah Token

IDRT

$ 5.501E-5

0.00%

+0.90%

$ 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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