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

$ 0.999666

0.00%

+0.01%

$ 183.32B

$ 87.44B

USDCoin

USDC

$ 1.00019

0.00%

-0.02%

$ 74.21B

$ 106.75M

Sky Dollar

USDS

$ 1.0002

+0.01%

-0.01%

+0.02%

$ 9.62B

$ 100.14K

Ethena USDe

USDE

$ 1.0002

+0.01%

+0.03%

+0.04%

$ 4.87B

$ 1.01M

Global Dollar

USDG

$ 0.999888

0.00%

$ 3.24B

$ 983.55M

PayPal USD

PYUSD

$ 0.999961

+0.01%

0.00%

+0.03%

$ 2.78B

$ 69.38M

Ripple USD

RLUSD

$ 0.999946

0.00%

$ 2.37B

$ 355.38M

GHO

$ 0.998965

0.00%

+0.03%

$ 698.29M

$ 4.01M

Usual USD

USD0

$ 0.99965

+0.06%

0.00%

+0.07%

$ 546.38M

$ 196.72K

TrueUSD

TUSD

$ 0.9999

0.00%

+0.01%

+0.02%

$ 494.47M

$ 5.91K

USDtb

USDTB

$ 0.999353

0.00%

-0.04%

$ 482.81M

$ 450.61K

A7A5

$ 0.01191236

0.00%

+0.99%

$ 467.38M

$ 5.27K

First Digital USD

FDUSD

$ 0.9996

+0.01%

+0.03%

+0.02%

$ 324.82M

$ 206.66K

AUSD

$ 0.999534

-0.02%

0.00%

+0.01%

$ 234.31M

$ 4.47M

crvUSD

CRVUSD

$ 0.999625

-0.02%

0.00%

+0.02%

$ 231.02M

$ 26.13M

EUR CoinVertible

EURCV

$ 1.15

0.00%

-0.00%

0.00%

$ 192.45M

$ 28.02M

JPY Coin

JPYC

$ 0.0062842

0.00%

+0.00%

-2.40%

$ 133.76M

$ 3.42M

Frax USD

FRXUSD

$ 0.999982

0.00%

+0.02%

$ 104.13M

$ 2.44M

Cygnus Finance Global USD

CGUSD

$ 0.994016

0.00%

-0.00%

-0.16%

$ 75.74M

$ 1.79

USDsui

USDSUI

$ 1.001

-0.20%

0.00%

$ 74.64M

$ 7.85M

DOLA

$ 0.996194

-0.02%

-0.00%

-0.15%

$ 73.10M

$ 131.20K

Crown BRLV

BRLV

$ 0.193706

0.00%

-0.11%

$ 71.82M

$ 1.04

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.192622

+0.06%

-0.96%

$ 52.73M

$ 11.08K

AllUnity CHF

CHFAU

$ 1.22

0.00%

$ 52.27M

$ 10.38K

XUSD

$ 1.0004

-0.01%

-0.07%

-0.04%

$ 41.15M

$ 64.48K

Gemini Dollar

GUSD

$ 0.998537

-0.01%

0.00%

-0.12%

$ 39.20M

$ 288.67K

Aegis YUSD

YUSD

$ 0.999766

-0.12%

0.00%

+0.06%

$ 34.94M

$ 47.34

BUSD

$ 0.999463

-0.02%

0.00%

-0.25%

$ 34.40M

$ 2.42K

Monerium EUR emoney

EURE

$ 1.15

0.00%

-0.00%

0.00%

$ 33.77M

$ 1.13M

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 33.29M

$ 243.82K

TerraClassicUSD

USTC

$ 0.00577

+0.09%

+4.93%

+9.78%

$ 31.89M

$ 28.29M

MetaMask USD

MUSD

$ 0.999752

0.00%

+0.03%

$ 30.53M

$ 5.42M

USDP

$ 0.9978

+0.01%

-0.20%

-0.09%

$ 28.02M

$ 13.41K

Tokenised GBP

TGBP

$ 1.34

0.00%

-0.74%

$ 26.90M

$ 515.52K

Liquity USD

LUSD

$ 1.008

0.00%

+0.00%

-0.20%

$ 26.37M

$ 305.79K

FRAX

$ 0.2895

-0.69%

+5.38%

+8.60%

$ 25.40M

$ 222.10K

Hex Trust USD

USDX

$ 0.992742

0.00%

-0.04%

$ 22.75M

$ 20.55

Electronic USD

EUSD

$ 0.998994

+0.07%

+0.00%

-0.04%

$ 22.75M

$ 265.28K

Mento Dollar

USDM

$ 1.004

0.00%

+0.01%

+0.42%

$ 14.17M

$ 45.77K

XSGD

$ 0.782742

0.00%

-0.44%

$ 13.10M

$ 1.06M

USD CoinVertible

USDCV

$ 0.99999

+0.04%

0.00%

+0.06%

$ 12.55M

$ 47.50M

YUSD Stablecoin

YUSD

$ 0.996877

0.00%

+0.10%

$ 11.81M

$ 119.49

Stable Mint USD

USDSM

$ 0.995453

-0.14%

0.00%

-0.45%

$ 11.64M

$ 2.08

USDB

$ 0.999318

-0.17%

+0.00%

+0.06%

$ 11.38M

$ 59.07K

MAI

MIMATIC

$ 0.942704

-0.01%

-0.00%

-1.07%

$ 11.20M

$ 12.33K

Stable Coin

SBC

$ 0.999696

0.00%

$ 11.18M

$ 687.29

USAT

$ 0.9994

-0.01%

-0.05%

-0.04%

$ 9.99M

$ 54.27K

Alchemix USD

ALUSD

$ 0.955513

0.00%

+0.90%

$ 9.95M

$ 86.92K

Rupiah Token

IDRT

$ 5.597E-5

+1.08%

-0.70%

-1.70%

$ 9.72M

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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