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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
1
Tether
Tether
USDT
$ 0.999773
0.00%
0.00%
+0.05%
$ 183.19B
$ 68.31B
2
USDCoin
USDCoin
USDC
$ 1.00026
-0.01%
0.00%
-0.07%
$ 74.81B
$ 104.16M
3
Sky Dollar
Sky Dollar
USDS
$ 1.0002
-0.02%
0.00%
-0.07%
$ 10.57B
$ 53.94K
4
Ethena USDe
Ethena USDe
USDE
$ 1
+0.02%
+0.01%
-0.06%
$ 4.49B
$ 87.77K
5
Global Dollar
Global Dollar
USDG
$ 0.999978
0.00%
--
0.00%
$ 3.38B
$ 350.12M
6
PayPal USD
PayPal USD
PYUSD
$ 0.999809
0.00%
0.00%
-0.01%
$ 2.88B
$ 61.81M
7
Ripple USD
Ripple USD
RLUSD
$ 1.0
0.00%
0.00%
0.00%
$ 2.09B
$ 471.88M
8
GHO
GHO
GHO
$ 0.999016
+0.01%
0.00%
+0.04%
$ 698.32M
$ 4.08M
9
Usual USD
Usual USD
USD0
$ 0.998661
0.00%
0.00%
-0.02%
$ 550.11M
$ 1.97M
10
TrueUSD
TrueUSD
TUSD
$ 0.9983
+0.01%
0.00%
-0.03%
$ 493.67M
$ 5.77K
11
A7A5
A7A5
A7A5
$ 0.01192507
0.00%
-0.01%
+2.80%
$ 467.82M
$ 2.96K
12
First Digital USD
First Digital USD
FDUSD
$ 0.9992
+0.03%
+0.07%
+0.09%
$ 337.18M
$ 140.19K
13
USDtb
USDtb
USDTB
$ 1.0
0.00%
0.00%
+0.06%
$ 287.80M
$ 815.87K
14
crvUSD
crvUSD
CRVUSD
$ 0.999513
-0.05%
0.00%
+0.06%
$ 280.85M
$ 22.36M
15
AUSD
AUSD
AUSD
$ 0.999847
-0.01%
0.00%
+0.04%
$ 210.57M
$ 2.88M
16
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.17
0.00%
-0.00%
+0.86%
$ 169.56M
$ 18.78M
17
Frax USD
Frax USD
FRXUSD
$ 0.999826
-0.02%
0.00%
+0.02%
$ 114.34M
$ 5.44M
18
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.995283
0.00%
0.00%
0.00%
$ 75.84M
$ 30.65
19
USDsui
USDsui
USDSUI
$ 1.001
0.00%
0.00%
+0.10%
$ 75.00M
$ 3.79M
20
Crown BRLV
Crown BRLV
BRLV
$ 0.194032
-0.14%
--
+0.89%
$ 72.84M
$ 767.33
21
DOLA
DOLA
DOLA
$ 0.997231
+0.02%
0.00%
-0.06%
$ 62.18M
$ 723.32K
22
Royal Euro
Royal Euro
REUR
$ 4.13
0.00%
--
0.00%
$ 62.01M
$ 19.80M
23
Brazilian Digital
Brazilian Digital
BRZ
$ 0.193366
+0.05%
-0.00%
+0.85%
$ 55.26M
$ 989.28
24
JPY Coin
JPY Coin
JPYC
$ 0.00627089
+0.04%
-0.00%
+0.18%
$ 55.22M
$ 108.91K
25
AllUnity CHF
AllUnity CHF
CHFAU
$ 1.25
0.00%
-0.00%
+1.63%
$ 54.72M
$ 1.52K
26
XUSD
XUSD
XUSD
$ 1.0008
-0.01%
-0.01%
-0.02%
$ 44.60M
$ 56.66K
27
Gemini Dollar
Gemini Dollar
GUSD
$ 0.999356
0.00%
0.00%
+0.06%
$ 39.46M
$ 288.46K
28
Aegis YUSD
Aegis YUSD
YUSD
$ 0.999483
0.00%
0.00%
+0.06%
$ 34.93M
$ 56.54K
29
BUSD
BUSD
BUSD
$ 0.999859
-0.01%
-0.00%
-0.21%
$ 34.42M
$ 1.15K
30
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.17
0.00%
-0.00%
+0.86%
$ 34.04M
$ 722.96K
31
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.21
0.00%
0.00%
0.00%
$ 33.29M
$ 2.10M
32
USDP
USDP
USDP
$ 1.0012
0.00%
-0.07%
+0.11%
$ 32.00M
$ 9.87K
33
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.005344
+0.48%
-0.99%
+12.33%
$ 30.07M
$ 11.76M
34
MetaMask USD
MetaMask USD
MUSD
$ 0.999781
0.00%
0.00%
+0.05%
$ 27.75M
$ 1.06M
35
Tokenised GBP
Tokenised GBP
TGBP
$ 1.36
0.00%
0.00%
+0.74%
$ 27.65M
$ 252.73K
36
FRAX
FRAX
FRAX
$ 0.3074
-0.48%
+0.32%
+11.96%
$ 27.34M
$ 236.65K
37
Liquity USD
Liquity USD
LUSD
$ 1.011
+0.20%
-0.00%
+0.80%
$ 26.87M
$ 70.91K
38
Hex Trust USD
Hex Trust USD
USDX
$ 0.991517
0.00%
-0.00%
+0.29%
$ 24.09M
$ 1.16
39
Electronic USD
Electronic USD
EUSD
$ 0.998878
-0.05%
-0.00%
0.00%
$ 22.35M
$ 327.00K
40
XSGD
XSGD
XSGD
$ 0.786324
-0.05%
-0.00%
+0.47%
$ 12.79M
$ 777.01K
41
Stable Mint USD
Stable Mint USD
USDSM
$ 0.999407
-0.01%
0.00%
-0.02%
$ 12.46M
$ 412.19
42
USD CoinVertible
USD CoinVertible
USDCV
$ 1.0
0.00%
0.00%
+0.07%
$ 12.27M
$ 31.53M
43
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.995931
+0.01%
0.00%
+0.03%
$ 11.80M
$ 1.54
44
USDB
USDB
USDB
$ 1.004
-0.30%
-0.00%
+0.20%
$ 11.74M
$ 34.11K
45
MAI
MAI
MIMATIC
$ 0.96326
-0.77%
-0.00%
-0.77%
$ 11.50M
$ 3.26K
46
Alchemix USD
Alchemix USD
ALUSD
$ 0.962063
-0.02%
+0.02%
+1.82%
$ 10.04M
$ 331.10K
47
USAT
USAT
USAT
$ 0.9996
-0.02%
+0.14%
-0.04%
$ 10.00M
$ 68.83K
48
Rupiah Token
Rupiah Token
IDRT
$ 5.49E-5
0.00%
+0.56%
-1.21%
$ 9.54M
--
49
StablR USD
StablR USD
USDR
$ 0.437
0.00%
0.00%
+3.97%
$ 9.33M
--
50
Anzen USDz
Anzen USDz
USDZ
$ 0.960668
+0.03%
+0.06%
+0.31%
$ 7.24M
$ 42.71K

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.