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Top Fiat-backed Stablecoins by Market Capitalisation

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 collateralised structure ensures high liquidity and stability, making them a cornerstone of crypto trading.

#
Coin
Price
Last 7 Days
Action
1
Tether
Tether
USDT
$ 0.999103
0.00%
0.00%
-0.03%
$ 183.02B
$ 27.49B
2
USDCoin
USDCoin
USDC
$ 1.00092
0.00%
-0.01%
+0.02%
$ 74.86B
$ 44.64M
3
Sky Dollar
Sky Dollar
USDS
$ 1.001
+0.01%
-0.02%
+0.04%
$ 10.58B
$ 58.00K
4
Ethena USDe
Ethena USDe
USDE
$ 1.001
-0.01%
0.00%
+0.03%
$ 4.49B
$ 2.67M
5
Global Dollar
Global Dollar
USDG
$ 1.0
0.00%
0.00%
+0.01%
$ 3.47B
$ 194.66M
6
PayPal USD
PayPal USD
PYUSD
$ 0.999754
0.00%
0.00%
+0.01%
$ 2.77B
$ 153.49M
7
Ripple USD
Ripple USD
RLUSD
$ 1.0
0.00%
0.00%
0.00%
$ 1.72B
$ 150.40M
8
GHO
GHO
GHO
$ 0.998279
0.00%
0.00%
+0.04%
$ 697.80M
$ 2.07M
9
Usual USD
Usual USD
USD0
$ 0.998614
0.00%
0.00%
0.00%
$ 550.64M
$ 89.02K
10
TrueUSD
TrueUSD
TUSD
$ 0.9991
0.00%
0.00%
+0.31%
$ 494.07M
$ 5.53K
11
A7A5
A7A5
A7A5
$ 0.01182851
0.00%
+0.00%
-2.93%
$ 464.00M
$ 2.71K
12
USDtb
USDtb
USDTB
$ 0.999281
0.00%
0.00%
-0.05%
$ 357.71M
$ 2.15M
13
First Digital USD
First Digital USD
FDUSD
$ 0.9979
+0.01%
-0.01%
-0.02%
$ 336.81M
$ 26.06K
14
crvUSD
crvUSD
CRVUSD
$ 0.998708
0.00%
0.00%
-0.04%
$ 212.92M
$ 6.84M
15
AUSD
AUSD
AUSD
$ 0.999037
0.00%
0.00%
-0.03%
$ 212.72M
$ 2.61M
16
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.16
0.00%
0.00%
+0.87%
$ 162.59M
$ 4.72M
17
Frax USD
Frax USD
FRXUSD
$ 0.999949
-0.01%
0.00%
+0.03%
$ 113.61M
$ 2.73M
18
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.995097
0.00%
0.00%
-0.03%
$ 75.83M
$ 15.73
19
Crown BRLV
Crown BRLV
BRLV
$ 0.191308
0.00%
-0.00%
-2.53%
$ 71.70M
$ 6.06K
20
Royal Euro
Royal Euro
REUR
$ 4.13
0.00%
--
0.00%
$ 62.01M
$ 19.80M
21
AllUnity CHF
AllUnity CHF
CHFAU
$ 1.23
0.00%
+0.00%
-0.81%
$ 59.47M
$ 200.16
22
JPY Coin
JPY Coin
JPYC
$ 0.00626361
0.00%
0.00%
-0.95%
$ 55.15M
$ 41.17K
23
Brazilian Digital
Brazilian Digital
BRZ
$ 0.191731
+0.03%
0.00%
-1.63%
$ 54.84M
$ 7.13K
24
DOLA
DOLA
DOLA
$ 0.996965
+0.02%
0.00%
+0.09%
$ 52.97M
$ 443.23K
25
XUSD
XUSD
XUSD
$ 1.0009
-0.01%
-0.01%
-0.01%
$ 44.60M
$ 52.00K
26
Gemini Dollar
Gemini Dollar
GUSD
$ 0.998581
0.00%
0.00%
-0.04%
$ 39.40M
$ 274.34K
27
Aegis YUSD
Aegis YUSD
YUSD
$ 0.99778
0.00%
0.00%
-0.09%
$ 35.90M
$ 22.92K
28
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.21
0.00%
0.00%
0.00%
$ 34.63M
$ 99.93K
29
BUSD
BUSD
BUSD
$ 0.998886
0.00%
0.00%
+0.02%
$ 34.38M
$ 9.86K
30
USDP
USDP
USDP
$ 1.0004
0.00%
0.00%
-0.06%
$ 31.97M
$ 5.52K
31
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.16
0.00%
+0.00%
+0.87%
$ 31.21M
$ 790.94K
32
Tokenised GBP
Tokenised GBP
TGBP
$ 1.35
0.00%
+0.00%
0.00%
$ 27.84M
$ 167.38K
33
Liquity USD
Liquity USD
LUSD
$ 1.003
0.00%
+0.00%
-0.20%
$ 27.83M
$ 93.47K
34
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.004891
+0.76%
-1.07%
-3.75%
$ 27.20M
$ 21.33M
35
MetaMask USD
MetaMask USD
MUSD
$ 1.008
+0.89%
+0.01%
+0.86%
$ 26.24M
$ 487.86K
36
FRAX
FRAX
FRAX
$ 0.2892
-0.41%
+0.63%
-5.80%
$ 25.49M
$ 199.17K
37
Hex Trust USD
Hex Trust USD
USDX
$ 0.985205
0.00%
--
-0.36%
$ 23.93M
$ 53.65
38
Electronic USD
Electronic USD
EUSD
$ 0.997384
-0.02%
0.00%
-0.14%
$ 22.69M
$ 58.86K
39
Stable Mint USD
Stable Mint USD
USDSM
$ 0.999896
0.00%
+0.00%
+0.35%
$ 12.47M
$ 11.74K
40
USD CoinVertible
USD CoinVertible
USDCV
$ 0.999134
+0.01%
0.00%
+0.02%
$ 12.26M
$ 5.68M
41
USDB
USDB
USDB
$ 0.995225
-0.03%
0.00%
+0.26%
$ 11.93M
$ 1.02K
42
XSGD
XSGD
XSGD
$ 0.781496
+0.01%
0.00%
-0.08%
$ 11.93M
$ 265.82K
43
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.995763
0.00%
--
+0.01%
$ 11.80M
$ 9.20
44
MAI
MAI
MIMATIC
$ 0.975319
+0.03%
-0.00%
-1.82%
$ 11.57M
$ 11.30K
45
USAT
USAT
USAT
$ 0.9996
-0.01%
-0.01%
0.00%
$ 10.00M
$ 55.33K
46
Rupiah Token
Rupiah Token
IDRT
$ 5.646E-5
0.00%
+3.30%
+1.22%
$ 9.82M
--
47
Alchemix USD
Alchemix USD
ALUSD
$ 0.950412
0.00%
-0.00%
+0.57%
$ 9.79M
$ 172.37K
48
StablR USD
StablR USD
USDR
$ 0.4231
0.00%
+0.67%
-6.56%
$ 9.03M
$ 157.62
49
Anzen USDz
Anzen USDz
USDZ
$ 0.974232
+0.22%
0.00%
-0.45%
$ 7.35M
$ 1.85K
50
STASIS EURO
STASIS EURO
EURS
$ 1.19
+0.85%
-0.00%
-0.83%
$ 7.03M
$ 1.36K

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.