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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
$ 0.998971
+0.03%
0.00%
-0.01%
$ 183.62B
$ 44.43B
2
USDCoin
USDCoin
USDC
$ 1.0009
-0.03%
+0.01%
0.00%
$ 74.86B
$ 58.14M
3
Sky Dollar
Sky Dollar
USDS
$ 1.0014
+0.01%
0.00%
+0.02%
$ 10.59B
$ 58.75K
4
Ethena USDe
Ethena USDe
USDE
$ 1.0009
+0.01%
+0.01%
+0.01%
$ 4.49B
$ 362.96K
5
USD1
USD1
USD1
$ 1.00003
-0.01%
0.00%
+0.03%
$ 4.39B
$ 3.08M
6
Global Dollar
Global Dollar
USDG
$ 1.0
0.00%
0.00%
+0.03%
$ 3.39B
$ 229.45M
7
PayPal USD
PayPal USD
PYUSD
$ 0.999872
+0.02%
0.00%
+0.01%
$ 2.69B
$ 192.51M
8
Ripple USD
Ripple USD
RLUSD
$ 0.999991
0.00%
0.00%
0.00%
$ 1.59B
$ 146.27M
9
Falcon Finance
Falcon Finance
USDF
$ 0.996
0.00%
-0.01%
0.00%
$ 1.30B
$ 237.83K
10
GHO
GHO
GHO
$ 0.998499
+0.04%
0.00%
-0.05%
$ 648.03M
$ 3.51M
11
Usual USD
Usual USD
USD0
$ 0.999344
0.00%
0.00%
-0.05%
$ 553.06M
$ 592.03K
12
TrueUSD
TrueUSD
TUSD
$ 0.9964
+0.03%
+0.02%
-0.07%
$ 492.69M
$ 6.57K
13
A7A5
A7A5
A7A5
$ 0.0121563
+0.04%
+0.01%
-1.39%
$ 476.83M
$ 874.16
14
USDtb
USDtb
USDTB
$ 1.0
0.00%
0.00%
0.00%
$ 352.81M
$ 1.95M
15
First Digital USD
First Digital USD
FDUSD
$ 0.9979
-0.02%
-0.01%
-0.03%
$ 336.77M
$ 83.32K
16
AUSD
AUSD
AUSD
$ 0.999782
+0.01%
0.00%
-0.02%
$ 241.29M
$ 7.20M
17
crvUSD
crvUSD
CRVUSD
$ 0.99903
0.00%
0.00%
-0.01%
$ 212.37M
$ 20.74M
18
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.15
0.00%
0.00%
+0.88%
$ 154.03M
$ 9.47M
19
Frax USD
Frax USD
FRXUSD
$ 0.999404
0.00%
0.00%
-0.05%
$ 110.00M
$ 12.43M
20
Crown BRLV
Crown BRLV
BRLV
$ 0.196847
+0.01%
0.00%
+0.26%
$ 76.90M
$ 4.08K
21
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.995823
0.00%
0.00%
-0.02%
$ 75.85M
$ 1.01
22
USDX
USDX
USDX
$ 0.658313
0.00%
--
0.00%
$ 73.45M
$ 4.54K
23
JPY Coin
JPY Coin
JPYC
$ 0.00623885
-0.03%
+0.02%
+2.36%
$ 54.94M
$ 215.81K
24
Brazilian Digital
Brazilian Digital
BRZ
$ 0.195742
+0.20%
0.00%
+0.40%
$ 52.17M
$ 8.55K
25
DOLA
DOLA
DOLA
$ 0.996673
+0.01%
0.00%
+0.06%
$ 46.13M
$ 721.83K
26
XUSD
XUSD
XUSD
$ 1.001
-0.01%
-0.01%
-0.01%
$ 44.60M
$ 56.04K
27
Gemini Dollar
Gemini Dollar
GUSD
$ 0.998746
+0.04%
0.00%
0.00%
$ 38.56M
$ 287.85K
28
Aegis YUSD
Aegis YUSD
YUSD
$ 0.998842
+0.04%
0.00%
+0.03%
$ 35.94M
$ 91.78K
29
Tokenised GBP
Tokenised GBP
TGBP
$ 1.35
+0.75%
+0.00%
+1.50%
$ 34.42M
$ 175.32K
30
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.15
0.00%
0.00%
+0.88%
$ 32.12M
$ 740.27K
31
USDP
USDP
USDP
$ 1.0007
0.00%
+0.01%
+0.03%
$ 31.98M
$ 5.91K
32
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.21
0.00%
+0.00%
0.00%
$ 31.46M
$ 274.27K
33
Liquity USD
Liquity USD
LUSD
$ 1.005
+0.10%
+0.00%
+0.10%
$ 27.50M
$ 134.23K
34
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.004929
+0.06%
-1.44%
-7.29%
$ 27.46M
$ 12.54M
35
MetaMask USD
MetaMask USD
MUSD
$ 0.999674
0.00%
0.00%
-0.03%
$ 26.80M
$ 3.37M
36
Hex Trust USD
Hex Trust USD
USDX
$ 0.990833
-0.73%
0.00%
+3.47%
$ 24.07M
$ 2.00
37
Electronic USD
Electronic USD
EUSD
$ 0.999258
+0.02%
0.00%
+0.05%
$ 22.69M
$ 312.28K
38
FRAX
FRAX
FRAX
$ 0.2553
-0.04%
-1.01%
-5.66%
$ 22.50M
$ 263.83K
39
Royal Euro
Royal Euro
REUR
$ 1.14
0.00%
--
0.00%
$ 17.11M
$ 6.70M
40
USD CoinVertible
USD CoinVertible
USDCV
$ 0.999637
+0.02%
0.00%
-0.14%
$ 12.42M
$ 17.05M
41
Stable Mint USD
Stable Mint USD
USDSM
$ 0.99945
+0.01%
0.00%
+0.04%
$ 12.40M
$ 73.07K
42
USDB
USDB
USDB
$ 0.993248
-0.26%
-0.00%
-0.37%
$ 11.92M
$ 13.40K
43
MAI
MAI
MIMATIC
$ 0.992783
-0.01%
0.00%
-0.32%
$ 11.89M
$ 23.76K
44
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.995695
0.00%
0.00%
-0.07%
$ 11.80M
$ 0.12
45
XSGD
XSGD
XSGD
$ 0.778552
+0.04%
-0.00%
+0.55%
$ 11.77M
$ 436.61K
46
StablR USD
StablR USD
USDR
$ 0.5272
0.00%
+3.45%
+79.44%
$ 11.26M
$ 591.98
47
Alchemix USD
Alchemix USD
ALUSD
$ 0.949374
+0.01%
+0.00%
+0.57%
$ 10.02M
$ 70.91K
48
USAT
USAT
USAT
$ 0.9998
0.00%
+0.01%
-0.02%
$ 10.00M
$ 50.16K
49
Rupiah Token
Rupiah Token
IDRT
$ 5.641E-5
0.00%
0.00%
+0.09%
$ 9.81M
--
50
Stable Coin
Stable Coin
SBC
$ 0.998693
-0.06%
0.00%
-0.10%
$ 8.55M
$ 7.18K

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.