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

$ 0.998976

0.00%

-0.05%

$ 177.56B

$ 51.75B

USDCoin

USDC

$ 1.00112

-0.01%

-0.02%

+0.02%

$ 70.57B

$ 53.89M

Sky Dollar

USDS

$ 0.9967

+0.07%

-0.17%

-0.34%

$ 9.52B

$ 55.32K

Ethena USDe

USDE

$ 1.0006

+0.01%

0.00%

+0.01%

$ 4.59B

$ 804.55K

Global Dollar

USDG

$ 1.0

0.00%

$ 2.74B

$ 621.09M

PayPal USD

PYUSD

$ 0.999976

0.00%

$ 2.69B

$ 86.21M

Ripple USD

RLUSD

$ 1.0

0.00%

-0.10%

$ 2.69B

$ 387.69M

Open USD

OUSD

$ 0.999663

-0.01%

+0.00%

-0.03%

$ 909.09M

$ 1.06M

GHO

$ 0.998401

0.00%

-0.04%

$ 697.88M

$ 4.89M

Usual USD

USD0

$ 0.99865

0.00%

-0.07%

$ 540.11M

$ 2.55M

TrueUSD

TUSD

$ 0.999091

0.00%

+0.06%

$ 494.07M

$ 10.93M

A7A5

$ 0.01201545

+0.01%

$ 471.54M

$ 1.52K

USDtb

USDTB

$ 0.998578

0.00%

-0.08%

$ 416.13M

$ 85.57K

First Digital USD

FDUSD

$ 0.9978

+0.01%

-0.03%

-0.06%

$ 289.14M

$ 124.59K

EUR CoinVertible

EURCV

$ 1.11

0.00%

-0.00%

-0.89%

$ 193.39M

$ 38.90M

AUSD

$ 0.998869

+0.01%

0.00%

-0.06%

$ 156.16M

$ 4.35M

crvUSD

CRVUSD

$ 0.997852

+0.04%

0.00%

-0.11%

$ 148.80M

$ 11.51M

Frax USD

FRXUSD

$ 1.0

0.00%

$ 94.96M

$ 5.96M

JPY Coin

JPYC

$ 0.00631803

+0.02%

-0.00%

-0.46%

$ 81.98M

$ 560.91K

Cygnus Finance Global USD

CGUSD

$ 0.992081

+0.01%

0.00%

+0.05%

$ 75.65M

$ 11.59

USDsui

USDSUI

$ 0.999169

+0.03%

0.00%

-0.04%

$ 74.05M

$ 1.97M

DOLA

$ 0.996506

0.00%

-0.05%

$ 69.65M

$ 939.31K

Crown BRLV

BRLV

$ 0.180473

-0.16%

-0.00%

-1.14%

$ 66.88M

$ 6.10K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.179762

-0.18%

-0.00%

-1.58%

$ 48.08M

$ 245.92K

XUSD

$ 1.0011

-0.02%

-0.04%

-0.01%

$ 41.18M

$ 36.83K

AllUnity CHF

CHFAU

$ 1.22

0.00%

-0.00%

+0.83%

$ 40.91M

$ 3.76K

MetaMask USD

MUSD

$ 0.999031

+0.01%

0.00%

-0.04%

$ 37.46M

$ 8.46M

Gemini Dollar

GUSD

$ 0.998511

+0.08%

0.00%

$ 35.27M

$ 412.41K

Frax Staked frxUSD

SFRXUSD

$ 1.22

0.00%

$ 34.84M

$ 585.63K

Aegis YUSD

YUSD

$ 0.998127

+0.01%

0.00%

+0.02%

$ 34.53M

$ 14.19K

BUSD

$ 1.0

-0.10%

+0.01%

-0.20%

$ 34.42M

$ 9.24K

Monerium EUR emoney

EURE

$ 1.12

0.00%

-0.00%

0.00%

$ 28.87M

$ 1.05M

Tokenised GBP

TGBP

$ 1.34

0.00%

-0.00%

0.00%

$ 26.59M

$ 164.76K

Electronic USD

EUSD

$ 0.996668

-0.01%

+0.00%

+0.02%

$ 24.53M

$ 101.65K

Liquity USD

LUSD

$ 1.024

+0.20%

-0.01%

-1.25%

$ 24.40M

$ 387.12K

TerraClassicUSD

USTC

$ 0.004295

+0.44%

+2.66%

-6.96%

$ 24.08M

$ 14.30M

FRAX

$ 0.2439

0.00%

-0.16%

-5.90%

$ 21.55M

$ 240.60K

Hex Trust USD

USDX

$ 0.998742

+0.62%

-0.02%

$ 19.81M

$ 14.53

Stable Mint USD

USDSM

$ 1.0

0.00%

-0.10%

$ 18.27M

$ 664.17K

Mento Dollar

USDM

$ 0.998966

+0.29%

+0.00%

-0.10%

$ 13.41M

$ 110.92K

XSGD

$ 0.780029

-0.03%

-0.00%

-0.21%

$ 12.44M

$ 740.19K

USD CoinVertible

USDCV

$ 0.999031

0.00%

-0.05%

$ 11.91M

$ 40.78M

MAI

MIMATIC

$ 0.995842

+0.05%

0.00%

+0.19%

$ 11.81M

$ 5.49K

YUSD Stablecoin

YUSD

$ 0.997392

0.00%

+0.00%

-0.06%

$ 11.81M

$ 5.28

USDM

$ 0.97807

+0.05%

+0.01%

-2.58%

$ 11.28M

$ 53.24K

Stable Coin

SBC

$ 0.999183

0.00%

-0.06%

$ 10.72M

$ 616.43

Alchemix USD

ALUSD

$ 0.964984

0.00%

+0.00%

+0.31%

$ 10.42M

$ 34.22K

USAT

$ 0.9996

-0.02%

-0.06%

-0.02%

$ 10.00M

$ 55.98K

Rupiah Token

IDRT

$ 5.18E-5

0.00%

-0.52%

$ 9.01M

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

Tradable Crypto

Category

Fiat-backed Stablecoin

Smart Contract Platform

Layer 1 (L1)

Proof of Work (PoW)

Other Crypto

New Crypto

Frequently Asked Questions

Disclaimer