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

Tether

USDT

$ 0.999267

0.00%

-0.06%

$ 184.12B

$ 47.26B

USDCoin

USDC

$ 1.00081

0.00%

+0.01%

+0.06%

$ 73.01B

$ 106.64M

Sky Dollar

USDS

$ 1

0.00%

+0.01%

-0.01%

$ 10.15B

$ 52.41K

Ethena USDe

USDE

$ 1.0005

+0.01%

+0.03%

+0.07%

$ 4.79B

$ 638.73K

Global Dollar

USDG

$ 0.999881

0.00%

-0.01%

$ 3.14B

$ 398.36M

PayPal USD

PYUSD

$ 0.999629

0.00%

-0.03%

$ 2.90B

$ 58.61M

Ripple USD

RLUSD

$ 0.999994

0.00%

$ 2.45B

$ 113.01M

Open USD

OUSD

$ 0.998131

-0.29%

-0.00%

-0.17%

$ 787.54M

$ 199.24K

GHO

$ 0.998537

0.00%

-0.07%

$ 697.96M

$ 4.80M

Usual USD

USD0

$ 0.998339

0.00%

-0.04%

$ 542.08M

$ 2.45K

TrueUSD

TUSD

$ 1.0001

+0.01%

+0.07%

+0.04%

$ 494.61M

$ 1.26M

USDtb

USDTB

$ 0.999014

0.00%

-0.09%

$ 470.18M

$ 150.48K

A7A5

$ 0.01142561

0.00%

-0.02%

-2.64%

$ 448.32M

$ 3.64K

First Digital USD

FDUSD

$ 0.9979

+0.02%

0.00%

-0.14%

$ 324.30M

$ 80.33K

crvUSD

CRVUSD

$ 0.999265

-0.01%

0.00%

-0.05%

$ 212.35M

$ 10.20M

EUR CoinVertible

EURCV

$ 1.12

0.00%

-0.00%

0.00%

$ 187.77M

$ 14.79M

AUSD

$ 0.999036

0.00%

-0.08%

$ 175.04M

$ 4.66M

JPY Coin

JPYC

$ 0.00628852

+0.01%

+0.00%

-0.46%

$ 133.85M

$ 539.37K

Frax USD

FRXUSD

$ 0.99963

-0.02%

0.00%

-0.02%

$ 105.78M

$ 5.33M

USDsui

USDSUI

$ 0.999083

-0.19%

0.00%

-0.07%

$ 79.97M

$ 1.62M

Cygnus Finance Global USD

CGUSD

$ 0.991996

0.00%

-0.03%

$ 75.65M

$ 11.07

Crown BRLV

BRLV

$ 0.199811

0.00%

+0.00%

+4.79%

$ 73.72M

$ 1.54K

DOLA

$ 0.997407

0.00%

+0.18%

$ 69.98M

$ 1.69M

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.197142

+0.01%

-0.00%

+4.05%

$ 53.77M

$ 113.37K

XUSD

$ 1.0009

+0.01%

0.00%

$ 46.17M

$ 54.91K

AllUnity CHF

CHFAU

$ 1.2

0.00%

$ 41.99M

$ 575.77

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 37.57M

$ 775.26K

MetaMask USD

MUSD

$ 0.999234

0.00%

-0.06%

$ 36.58M

$ 8.94M

Gemini Dollar

GUSD

$ 0.999561

0.00%

+0.02%

$ 36.23M

$ 552.54K

Aegis YUSD

YUSD

$ 0.998884

-0.01%

0.00%

-0.07%

$ 34.43M

$ 16.26K

BUSD

$ 0.997494

+0.01%

+0.00%

-0.06%

$ 34.33M

$ 310.55

Monerium EUR emoney

EURE

$ 1.12

0.00%

$ 32.89M

$ 920.36K

TerraClassicUSD

USTC

$ 0.005471

+0.02%

+3.48%

-5.62%

$ 30.50M

$ 10.59M

FRAX

$ 0.3194

+5.58%

+7.02%

+7.24%

$ 28.37M

$ 225.59K

Tokenised GBP

TGBP

$ 1.32

0.00%

$ 26.46M

$ 128.13K

Liquity USD

LUSD

$ 1.01

+0.50%

+0.01%

+0.50%

$ 26.35M

$ 6.31K

USDP

$ 0.9972

+0.03%

+0.17%

+0.03%

$ 25.01M

$ 30.63K

Hex Trust USD

USDX

$ 1.019

0.00%

+0.03%

+2.57%

$ 23.45M

$ 97.11

Electronic USD

EUSD

$ 0.996608

+0.01%

0.00%

-0.29%

$ 23.17M

$ 512.87K

USDM

$ 1.019

+1.09%

+0.02%

+2.72%

$ 13.84M

$ 63.26K

Mento Dollar

USDM

$ 1.002

+0.24%

+0.00%

+0.28%

$ 13.55M

$ 73.21K

XSGD

$ 0.781499

0.00%

+0.00%

-0.01%

$ 13.01M

$ 428.37K

USD CoinVertible

USDCV

$ 0.994203

0.00%

-0.52%

$ 12.47M

$ 396.82

Stable Mint USD

USDSM

$ 0.99965

-0.04%

0.00%

-0.33%

$ 12.38M

$ 322.22

MAI

MIMATIC

$ 0.995995

0.00%

+0.01%

$ 11.82M

$ 848.94

YUSD Stablecoin

YUSD

$ 0.995873

0.00%

-0.13%

$ 11.80M

$ 13.88

Stable Coin

SBC

$ 0.999067

+0.01%

0.00%

-0.08%

$ 11.38M

$ 147.61

USDB

$ 1.006

+0.10%

+0.01%

+1.33%

$ 10.46M

$ 36.89K

Alchemix USD

ALUSD

$ 0.961534

0.00%

+0.02%

+0.60%

$ 10.09M

$ 250.58K

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 Capitalisation

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