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

$ 0.999017

0.00%

-0.02%

$ 183.49B

$ 30.62B

USDCoin

USDC

$ 1.0012

0.00%

+0.03%

$ 72.64B

$ 56.61M

Sky Dollar

USDS

$ 0.9999

-0.16%

-0.22%

-0.36%

$ 10.21B

$ 55.23K

Ethena USDe

USDE

$ 1.001

0.00%

-0.01%

+0.03%

$ 4.69B

$ 36.82K

Global Dollar

USDG

$ 1.0

0.00%

$ 3.10B

$ 269.79M

PayPal USD

PYUSD

$ 0.999637

0.00%

-0.02%

$ 2.85B

$ 18.38M

Ripple USD

RLUSD

$ 1.0

0.00%

$ 2.42B

$ 58.22M

Open USD

OUSD

$ 0.999766

+0.26%

0.00%

+0.48%

$ 825.31M

$ 184.56K

GHO

$ 0.998551

+0.01%

0.00%

+0.02%

$ 697.99M

$ 1.16M

Usual USD

USD0

$ 0.998664

0.00%

+0.01%

$ 541.40M

$ 5.78K

TrueUSD

TUSD

$ 1.0002

0.00%

+0.05%

$ 494.61M

$ 7.15K

USDtb

USDTB

$ 0.999081

0.00%

-0.01%

$ 475.55M

$ 371.29K

A7A5

$ 0.01165771

0.00%

-1.44%

$ 457.42M

$ 1.36K

First Digital USD

FDUSD

$ 0.9985

0.00%

-0.02%

+0.02%

$ 315.43M

$ 44.84K

crvUSD

CRVUSD

$ 0.998966

+0.02%

0.00%

-0.04%

$ 211.85M

$ 3.06M

EUR CoinVertible

EURCV

$ 1.12

0.00%

$ 189.91M

$ 7.33M

AUSD

$ 0.999101

+0.02%

0.00%

$ 179.96M

$ 2.71M

JPY Coin

JPYC

$ 0.00629484

+0.04%

-0.00%

-0.21%

$ 133.99M

$ 319.62K

Frax USD

FRXUSD

$ 0.999895

+0.01%

0.00%

+0.01%

$ 102.58M

$ 2.36M

USDsui

USDSUI

$ 0.998762

-0.03%

0.00%

-0.04%

$ 77.45M

$ 1.38M

Cygnus Finance Global USD

CGUSD

$ 0.991285

0.00%

-0.04%

$ 75.60M

$ 1.09

DOLA

$ 0.996299

0.00%

-0.07%

$ 73.90M

$ 311.40K

Crown BRLV

BRLV

$ 0.197365

0.00%

-1.44%

$ 72.85M

$ 207.29

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.196056

+0.02%

0.00%

-0.24%

$ 53.45M

$ 47.29K

AllUnity CHF

CHFAU

$ 1.21

0.00%

+0.83%

$ 47.57M

$ 1.23K

XUSD

$ 1.0011

0.00%

+0.06%

+0.03%

$ 46.18M

$ 55.24K

Frax Staked frxUSD

SFRXUSD

$ 1.22

0.00%

+0.83%

$ 38.03M

$ 40.10K

Gemini Dollar

GUSD

$ 0.998588

0.00%

-0.01%

$ 36.07M

$ 291.81K

Aegis YUSD

YUSD

$ 0.998187

+0.06%

0.00%

-0.08%

$ 34.44M

$ 3.88K

BUSD

$ 0.999273

+0.02%

+0.00%

+0.03%

$ 34.39M

$ 20.28K

MetaMask USD

MUSD

$ 0.999002

0.00%

-0.01%

$ 33.95M

$ 2.94M

Monerium EUR emoney

EURE

$ 1.13

+0.89%

+0.00%

+0.89%

$ 31.59M

$ 394.31K

TerraClassicUSD

USTC

$ 0.004979

+1.17%

+0.60%

-6.10%

$ 28.00M

$ 31.75M

Tokenised GBP

TGBP

$ 1.33

0.00%

+0.76%

$ 26.65M

$ 159.89K

Liquity USD

LUSD

$ 1.001

-0.30%

0.00%

-0.10%

$ 25.90M

$ 61.88K

FRAX

$ 0.269

-0.30%

-5.67%

-21.69%

$ 23.80M

$ 276.05K

USDP

$ 1.0038

0.00%

-0.08%

+0.56%

$ 23.59M

$ 15.40K

Electronic USD

EUSD

$ 0.997476

+0.07%

0.00%

-0.15%

$ 22.93M

$ 1.14M

Hex Trust USD

USDX

$ 0.985952

0.00%

-0.34%

$ 22.81M

$ 15.90

Stable Coin

SBC

$ 0.998837

0.00%

-0.01%

$ 14.87M

$ 5.14

USD CoinVertible

USDCV

$ 0.998424

-0.01%

0.00%

+0.56%

$ 14.15M

$ 2.76M

Mento Dollar

USDM

$ 1.005

+0.69%

+0.01%

+0.50%

$ 13.86M

$ 20.10K

USDM

$ 1.008

+0.30%

+0.02%

+1.89%

$ 13.57M

$ 56.56K

XSGD

$ 0.780666

0.00%

-0.11%

$ 12.97M

$ 186.02K

MAI

MIMATIC

$ 0.996195

0.00%

+0.02%

$ 11.82M

$ 4.01K

YUSD Stablecoin

YUSD

$ 0.996005

0.00%

+0.00%

+0.08%

$ 11.80M

$ 0.51

Stable Mint USD

USDSM

$ 0.99975

0.00%

$ 11.58M

$ 416.24K

Alchemix USD

ALUSD

$ 0.959967

0.00%

+0.00%

+0.38%

$ 10.10M

$ 493.91K

USAT

$ 0.9997

+0.01%

0.00%

-0.01%

$ 10.00M

$ 57.51K

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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