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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
$ 0.99983
0.00%
0.00%
+0.06%
$ 183.20B
$ 112.57B
2
USDCoin
USDCoin
USDC
$ 1.00016
0.00%
-0.03%
-0.08%
$ 74.81B
$ 142.56M
3
Sky Dollar
Sky Dollar
USDS
$ 1.0001
0.00%
-0.02%
-0.06%
$ 10.58B
$ 58.29K
4
Ethena USDe
Ethena USDe
USDE
$ 1
-0.02%
-0.04%
-0.10%
$ 4.49B
$ 1.92M
5
Global Dollar
Global Dollar
USDG
$ 1.0
0.00%
0.00%
0.00%
$ 3.43B
$ 530.49M
6
PayPal USD
PayPal USD
PYUSD
$ 0.999711
0.00%
0.00%
-0.01%
$ 2.86B
$ 294.03M
7
Ripple USD
Ripple USD
RLUSD
$ 1.0
0.00%
0.00%
0.00%
$ 2.07B
$ 920.06M
8
GHO
GHO
GHO
$ 0.99878
0.00%
0.00%
+0.01%
$ 698.13M
$ 4.04M
9
Usual USD
Usual USD
USD0
$ 0.997271
-0.19%
-0.00%
-0.13%
$ 549.86M
$ 285.06K
10
TrueUSD
TrueUSD
TUSD
$ 0.9984
+0.01%
-0.02%
-0.06%
$ 493.72M
$ 5.60K
11
A7A5
A7A5
A7A5
$ 0.01204744
-0.01%
+0.00%
+2.19%
$ 472.61M
$ 4.02K
12
First Digital USD
First Digital USD
FDUSD
$ 0.9992
-0.01%
+0.03%
+0.14%
$ 337.28M
$ 227.50K
13
USDtb
USDtb
USDTB
$ 0.999704
0.00%
0.00%
+0.05%
$ 287.68M
$ 3.33M
14
crvUSD
crvUSD
CRVUSD
$ 0.99981
-0.02%
+0.00%
+0.10%
$ 278.77M
$ 55.06M
15
AUSD
AUSD
AUSD
$ 0.999899
-0.01%
0.00%
+0.06%
$ 210.19M
$ 9.27M
16
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.17
0.00%
0.00%
+0.86%
$ 169.74M
$ 42.94M
17
Frax USD
Frax USD
FRXUSD
$ 0.999936
-0.01%
0.00%
+0.01%
$ 114.36M
$ 5.01M
18
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.995588
0.00%
0.00%
+0.04%
$ 75.87M
$ 66.47
19
USDsui
USDsui
USDSUI
$ 1.001
+0.13%
+0.00%
+0.10%
$ 75.01M
$ 8.13M
20
Crown BRLV
Crown BRLV
BRLV
$ 0.194369
0.00%
+0.01%
+1.59%
$ 72.96M
$ 3.62K
21
Royal Euro
Royal Euro
REUR
$ 4.13
0.00%
--
0.00%
$ 62.01M
$ 19.80M
22
JPY Coin
JPY Coin
JPYC
$ 0.00627998
0.00%
+0.00%
+0.39%
$ 55.30M
$ 50.10K
23
Brazilian Digital
Brazilian Digital
BRZ
$ 0.193719
+0.07%
+0.00%
+1.54%
$ 55.29M
$ 7.75K
24
DOLA
DOLA
DOLA
$ 0.997834
-0.05%
0.00%
+0.09%
$ 55.15M
$ 915.27K
25
AllUnity CHF
AllUnity CHF
CHFAU
$ 1.25
0.00%
0.00%
+1.63%
$ 54.90M
$ 126.27
26
XUSD
XUSD
XUSD
$ 1.0008
0.00%
-0.02%
-0.01%
$ 44.60M
$ 80.92K
27
Gemini Dollar
Gemini Dollar
GUSD
$ 0.999805
0.00%
0.00%
+0.11%
$ 39.41M
$ 361.08K
28
Aegis YUSD
Aegis YUSD
YUSD
$ 0.999041
-0.01%
0.00%
+0.28%
$ 34.91M
$ 37.17K
29
BUSD
BUSD
BUSD
$ 1.001
+0.15%
+0.00%
+0.28%
$ 34.40M
$ 1.15K
30
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.21
0.00%
0.00%
0.00%
$ 33.38M
$ 527.66K
31
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.17
0.00%
+0.00%
+0.86%
$ 32.92M
$ 671.41K
32
USDP
USDP
USDP
$ 0.9991
+0.01%
+0.09%
-0.13%
$ 31.93M
$ 9.28K
33
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.005663
+0.52%
+6.27%
+14.84%
$ 31.55M
$ 13.27M
34
FRAX
FRAX
FRAX
$ 0.3179
+0.35%
+4.70%
+9.78%
$ 27.94M
$ 242.41K
35
Tokenised GBP
Tokenised GBP
TGBP
$ 1.36
0.00%
+0.00%
+0.74%
$ 27.89M
$ 155.77K
36
MetaMask USD
MetaMask USD
MUSD
$ 0.999871
0.00%
0.00%
+0.01%
$ 27.55M
$ 2.62M
37
Liquity USD
Liquity USD
LUSD
$ 1.01
0.00%
0.00%
+0.60%
$ 26.98M
$ 58.40K
38
Hex Trust USD
Hex Trust USD
USDX
$ 0.993064
+0.59%
+0.00%
+0.44%
$ 24.19M
$ 9.84
39
Electronic USD
Electronic USD
EUSD
$ 1.001
+0.33%
+0.00%
+0.41%
$ 22.39M
$ 365.22K
40
XSGD
XSGD
XSGD
$ 0.788146
+0.02%
+0.00%
+0.86%
$ 12.53M
$ 1.41M
41
USD CoinVertible
USD CoinVertible
USDCV
$ 1.0
+0.04%
0.00%
+0.09%
$ 12.27M
$ 76.40M
42
USDB
USDB
USDB
$ 1.0
-0.10%
-0.00%
+0.61%
$ 11.95M
$ 80.88K
43
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.996494
0.00%
0.00%
+0.15%
$ 11.81M
$ 22.31
44
MAI
MAI
MIMATIC
$ 0.970454
-0.08%
-0.00%
-0.36%
$ 11.52M
$ 11.73K
45
Stable Mint USD
Stable Mint USD
USDSM
$ 0.902711
-0.09%
-0.09%
-5.21%
$ 11.25M
$ 61.18K
46
USAT
USAT
USAT
$ 0.9989
0.00%
-0.10%
-0.05%
$ 9.99M
$ 63.09K
47
Alchemix USD
Alchemix USD
ALUSD
$ 0.939959
+0.01%
0.00%
-0.34%
$ 9.79M
$ 57.23K
48
Rupiah Token
Rupiah Token
IDRT
$ 5.623E-5
0.00%
+0.70%
-1.40%
$ 9.78M
--
49
StablR USD
StablR USD
USDR
$ 0.437
0.00%
-2.13%
+4.25%
$ 9.33M
$ 3.48K
50
Stables Labs USDX
Stables Labs USDX
USDX
$ 0.01065153
+0.38%
+0.04%
+18.14%
$ 7.29M
$ 4.66

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.