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

$ 0.99972

0.00%

-0.01%

$ 183.39B

$ 83.76B

USDCoin

USDC

$ 1.00008

0.00%

-0.06%

+0.01%

$ 73.90B

$ 114.33M

Sky Dollar

USDS

$ 1

-0.02%

+0.03%

$ 9.57B

$ 54.95K

Ethena USDe

USDE

$ 1.0002

0.00%

-0.01%

+0.01%

$ 4.74B

$ 848.69K

Global Dollar

USDG

$ 0.999943

-0.01%

0.00%

$ 3.25B

$ 1.05B

PayPal USD

PYUSD

$ 1.0

0.00%

+0.01%

$ 2.78B

$ 90.25M

Ripple USD

RLUSD

$ 0.99996

0.00%

$ 2.35B

$ 269.62M

GHO

$ 0.999128

0.00%

+0.02%

$ 698.39M

$ 10.17M

Usual USD

USD0

$ 0.998873

-0.01%

0.00%

-0.02%

$ 545.97M

$ 3.67M

TrueUSD

TUSD

$ 0.9997

+0.01%

0.00%

+0.02%

$ 494.37M

$ 6.87K

USDtb

USDTB

$ 0.999809

0.00%

-0.01%

$ 483.04M

$ 394.85K

A7A5

$ 0.01162192

0.00%

-0.02%

-2.04%

$ 455.98M

$ 3.08K

First Digital USD

FDUSD

$ 0.9997

-0.01%

+0.09%

+0.10%

$ 326.25M

$ 252.95K

AUSD

$ 0.999606

-0.02%

0.00%

-0.01%

$ 233.60M

$ 10.35M

crvUSD

CRVUSD

$ 0.999667

+0.02%

0.00%

-0.03%

$ 215.36M

$ 35.47M

EUR CoinVertible

EURCV

$ 1.15

0.00%

+0.00%

-0.86%

$ 192.78M

$ 53.43M

JPY Coin

JPYC

$ 0.00633157

-5.95%

-0.06%

-2.19%

$ 134.90M

$ 37.77M

Frax USD

FRXUSD

$ 0.999872

-0.01%

0.00%

+0.02%

$ 102.50M

$ 4.65M

Cygnus Finance Global USD

CGUSD

$ 0.993526

0.00%

-0.08%

$ 75.71M

$ 1.32

USDsui

USDSUI

$ 1.0

0.00%

$ 74.61M

$ 4.13M

DOLA

$ 0.996958

-0.01%

0.00%

+0.01%

$ 72.80M

$ 431.50K

Crown BRLV

BRLV

$ 0.193971

0.00%

-0.02%

$ 71.92M

$ 666.63

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.193729

-0.01%

-0.00%

-0.16%

$ 52.91M

$ 15.76K

AllUnity CHF

CHFAU

$ 1.22

0.00%

+0.00%

-0.81%

$ 52.29M

$ 18.02K

XUSD

$ 1.001

+0.01%

+0.02%

+0.59%

$ 41.18M

$ 56.32K

Gemini Dollar

GUSD

$ 0.999387

0.00%

-0.01%

$ 39.02M

$ 295.99K

Aegis YUSD

YUSD

$ 0.999592

0.00%

+0.00%

+0.03%

$ 34.93M

$ 56.73K

BUSD

$ 0.998705

+0.13%

+0.00%

-0.08%

$ 34.37M

$ 15.21K

Monerium EUR emoney

EURE

$ 1.15

0.00%

-0.86%

$ 33.66M

$ 626.43K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 33.09M

$ 76.69K

TerraClassicUSD

USTC

$ 0.005579

+0.60%

+5.79%

+3.01%

$ 31.08M

$ 11.13M

USDP

$ 0.9999

+0.01%

+0.19%

+0.26%

$ 28.08M

$ 41.10K

MetaMask USD

MUSD

$ 0.999788

0.00%

-0.01%

$ 27.73M

$ 5.70M

Tokenised GBP

TGBP

$ 1.34

0.00%

+0.00%

-0.74%

$ 26.92M

$ 315.17K

Liquity USD

LUSD

$ 1.014

0.00%

+0.00%

+0.50%

$ 26.56M

$ 70.50K

FRAX

$ 0.2786

0.00%

+5.28%

+0.90%

$ 24.62M

$ 251.14K

Hex Trust USD

USDX

$ 0.993679

-0.01%

0.00%

+0.29%

$ 22.77M

$ 20.57

Electronic USD

EUSD

$ 0.999064

-0.01%

0.00%

-0.02%

$ 22.68M

$ 397.01K

Mento Dollar

USDM

$ 1.001

0.00%

+0.00%

-0.10%

$ 14.08M

$ 108.87K

XSGD

$ 0.782654

+0.03%

0.00%

-0.95%

$ 13.04M

$ 847.81K

Stable Coin

SBC

$ 0.999657

0.00%

$ 12.99M

$ 277.30

USD CoinVertible

USDCV

$ 0.999833

-0.02%

0.00%

+0.02%

$ 12.54M

$ 69.20M

Stable Mint USD

USDSM

$ 1.0

0.00%

$ 11.83M

$ 10.56K

YUSD Stablecoin

YUSD

$ 0.997138

0.00%

+0.11%

$ 11.81M

$ 24.12

USDB

$ 0.999997

+0.14%

+0.01%

+0.43%

$ 11.38M

$ 64.07K

MAI

MIMATIC

$ 0.952215

0.00%

-0.00%

-2.61%

$ 11.30M

$ 14.92K

USAT

$ 1

+0.04%

+0.03%

$ 10.00M

$ 58.08K

Alchemix USD

ALUSD

$ 0.955856

0.00%

-0.00%

+0.65%

$ 9.96M

$ 131.92K

Rupiah Token

IDRT

$ 5.503E-5

0.00%

-3.51%

-4.79%

$ 9.57M

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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