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

$ 0.999775

0.00%

$ 183.39B

$ 48.84B

USDCoin

USDC

$ 1.00017

0.00%

+0.01%

$ 74.27B

$ 94.56M

Sky Dollar

USDS

$ 0.9998

-0.02%

-0.01%

-0.04%

$ 9.85B

$ 56.03K

Ethena USDe

USDE

$ 0.9999

0.00%

+0.01%

+0.02%

$ 4.60B

$ 1.85M

Global Dollar

USDG

$ 0.999897

0.00%

-0.01%

$ 3.30B

$ 1.11B

PayPal USD

PYUSD

$ 0.999788

-0.01%

0.00%

-0.02%

$ 2.77B

$ 49.23M

Ripple USD

RLUSD

$ 1.0

0.00%

$ 2.38B

$ 168.32M

GHO

$ 0.998767

0.00%

$ 698.13M

$ 4.45M

Usual USD

USD0

$ 0.998934

0.00%

+0.08%

$ 547.02M

$ 2.27M

TrueUSD

TUSD

$ 0.9996

0.00%

-0.01%

+0.01%

$ 494.32M

$ 318.32K

USDtb

USDTB

$ 0.999814

+0.02%

0.00%

-0.01%

$ 482.78M

$ 344.19K

A7A5

$ 0.0118498

0.00%

+0.02%

+1.75%

$ 464.90M

$ 2.46K

First Digital USD

FDUSD

$ 0.9994

+0.03%

+0.07%

$ 329.65M

$ 74.87K

AUSD

$ 0.999809

0.00%

$ 245.55M

$ 9.83M

crvUSD

CRVUSD

$ 0.999458

0.00%

$ 202.85M

$ 13.61M

EUR CoinVertible

EURCV

$ 1.15

0.00%

-0.00%

-0.86%

$ 190.98M

$ 36.07M

Frax USD

FRXUSD

$ 0.999391

+0.01%

0.00%

-0.05%

$ 104.90M

$ 3.45M

Cygnus Finance Global USD

CGUSD

$ 0.994234

0.00%

-0.02%

$ 75.76M

$ 2.74

USDsui

USDSUI

$ 1.001

+0.20%

0.00%

+0.16%

$ 74.16M

$ 1.58M

Crown BRLV

BRLV

$ 0.19396

0.00%

-1.20%

$ 72.60M

$ 1.84K

DOLA

$ 0.997153

+0.07%

-0.00%

+0.01%

$ 70.11M

$ 162.12K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

JPY Coin

JPYC

$ 0.00644005

+0.10%

-0.00%

-0.30%

$ 56.71M

$ 57.75K

Brazilian Digital

BRZ

$ 0.194872

+0.42%

+0.01%

-0.15%

$ 53.20M

$ 16.22K

AllUnity CHF

CHFAU

$ 1.22

0.00%

-0.00%

-1.61%

$ 47.69M

$ 15.89K

XUSD

$ 1.0009

0.00%

+0.11%

+0.09%

$ 41.16M

$ 61.22K

Gemini Dollar

GUSD

$ 0.999261

0.00%

-0.01%

$ 39.42M

$ 279.37K

Aegis YUSD

YUSD

$ 0.999992

+0.03%

0.00%

+0.05%

$ 34.95M

$ 34.63K

BUSD

$ 0.998411

+0.04%

0.00%

+0.01%

$ 34.36M

$ 1.21K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 33.25M

$ 311.84K

Monerium EUR emoney

EURE

$ 1.15

0.00%

-0.00%

-0.86%

$ 33.15M

$ 1.01M

TerraClassicUSD

USTC

$ 0.005387

+0.43%

-0.09%

-3.84%

$ 30.03M

$ 10.22M

MetaMask USD

MUSD

$ 0.999738

0.00%

-0.01%

$ 28.33M

$ 5.63M

USDP

$ 0.9975

0.00%

-0.01%

-0.31%

$ 28.01M

$ 6.01K

Tokenised GBP

TGBP

$ 1.35

0.00%

-0.00%

0.00%

$ 26.93M

$ 137.25K

Liquity USD

LUSD

$ 1.01

0.00%

+0.00%

+0.10%

$ 26.49M

$ 31.60K

FRAX

$ 0.2734

+0.22%

-1.62%

-6.86%

$ 24.10M

$ 215.88K

Electronic USD

EUSD

$ 1.0

+0.10%

0.00%

+0.25%

$ 22.72M

$ 177.99K

Hex Trust USD

USDX

$ 0.991256

+0.43%

+0.22%

$ 22.72M

$ 34.96

Mento Dollar

USDM

$ 0.991968

-0.78%

-0.00%

-0.80%

$ 14.23M

$ 86.75K

XSGD

$ 0.786661

+0.03%

-0.00%

-0.51%

$ 12.97M

$ 634.04K

Stable Coin

SBC

$ 0.999541

0.00%

-0.01%

$ 12.89M

$ 429.64

USD CoinVertible

USDCV

$ 0.999602

-0.04%

0.00%

-0.04%

$ 12.55M

$ 39.26M

Stable Mint USD

USDSM

$ 0.949344

-5.07%

-0.02%

-5.06%

$ 11.99M

$ 2.33K

YUSD Stablecoin

YUSD

$ 0.996851

0.00%

+0.01%

$ 11.81M

$ 8.91

MAI

MIMATIC

$ 0.978772

0.00%

-0.03%

$ 11.61M

$ 7.79K

USDB

$ 1.002

+0.37%

0.00%

$ 11.52M

$ 52.71K

USAT

$ 0.9996

0.00%

+0.01%

0.00%

$ 10.00M

$ 52.53K

Rupiah Token

IDRT

$ 5.694E-5

0.00%

+1.01%

-0.30%

$ 9.90M

Alchemix USD

ALUSD

$ 0.951204

+0.01%

+0.00%

-0.20%

$ 9.79M

$ 92.49K

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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