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

$ 0.999767

0.00%

-0.01%

$ 184.02B

$ 72.73B

USDCoin

USDC

$ 1.0002

0.00%

-0.03%

+0.01%

$ 74.06B

$ 139.47M

Sky Dollar

USDS

$ 0.9999

+0.01%

+0.02%

-0.01%

$ 9.92B

$ 55.23K

Ethena USDe

USDE

$ 0.9999

+0.01%

-0.02%

+0.02%

$ 4.90B

$ 1.78M

Global Dollar

USDG

$ 1.0

0.00%

$ 3.17B

$ 881.72M

PayPal USD

PYUSD

$ 0.999958

0.00%

$ 2.88B

$ 109.56M

Ripple USD

RLUSD

$ 0.999981

0.00%

$ 2.51B

$ 244.19M

GHO

$ 0.999212

-0.01%

0.00%

-0.02%

$ 698.45M

$ 2.95M

Open USD

OUSD

$ 0.999706

0.00%

-0.01%

$ 668.32M

$ 3.79M

Usual USD

USD0

$ 0.998791

0.00%

-0.04%

$ 546.05M

$ 142.99K

TrueUSD

TUSD

$ 0.9999

-0.04%

-0.01%

-0.02%

$ 494.37M

$ 7.15K

USDtb

USDTB

$ 0.99981

0.00%

+0.02%

$ 492.62M

$ 94.03K

A7A5

$ 0.01175355

-0.18%

+0.01%

-0.29%

$ 461.17M

$ 1.05K

First Digital USD

FDUSD

$ 0.9992

+0.01%

+0.05%

-0.01%

$ 324.82M

$ 119.40K

crvUSD

CRVUSD

$ 0.999022

-0.02%

0.00%

-0.08%

$ 230.99M

$ 16.21M

AUSD

$ 0.999629

0.00%

-0.01%

$ 218.06M

$ 5.67M

EUR CoinVertible

EURCV

$ 1.12

-0.88%

-0.00%

-1.75%

$ 188.75M

$ 35.79M

JPY Coin

JPYC

$ 0.00630839

-0.02%

+0.00%

-0.69%

$ 134.28M

$ 1.02M

Frax USD

FRXUSD

$ 0.999853

0.00%

-0.01%

$ 103.84M

$ 4.65M

USDsui

USDSUI

$ 0.998889

-0.05%

0.00%

-0.31%

$ 77.28M

$ 2.76M

DOLA

$ 0.996876

0.00%

-0.08%

$ 75.88M

$ 313.11K

Cygnus Finance Global USD

CGUSD

$ 0.992276

0.00%

-0.02%

$ 75.61M

$ 3.62

Crown BRLV

BRLV

$ 0.191479

0.00%

+8.74%

$ 71.18M

$ 3.72K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.190671

-0.08%

-0.00%

-0.71%

$ 51.97M

$ 128.71K

AllUnity CHF

CHFAU

$ 1.2

-0.83%

0.00%

-0.83%

$ 43.56M

$ 1.53K

XUSD

$ 1.0008

-0.01%

0.00%

+0.04%

$ 41.16M

$ 52.57K

Gemini Dollar

GUSD

$ 0.999395

0.00%

-0.04%

$ 38.34M

$ 349.99K

MetaMask USD

MUSD

$ 0.99977

+0.01%

0.00%

-0.01%

$ 35.87M

$ 6.22M

Aegis YUSD

YUSD

$ 0.999661

0.00%

+0.01%

$ 34.94M

$ 24.02K

Monerium EUR emoney

EURE

$ 1.13

+0.89%

-0.00%

-0.88%

$ 34.78M

$ 2.23M

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 34.44M

$ 101.95K

BUSD

$ 0.998145

0.00%

+0.79%

$ 34.35M

$ 481.12

TerraClassicUSD

USTC

$ 0.005991

-0.96%

+2.70%

-1.01%

$ 33.49M

$ 12.75M

FRAX

$ 0.3099

+0.10%

+0.32%

+0.88%

$ 27.36M

$ 187.86K

Tokenised GBP

TGBP

$ 1.32

0.00%

$ 26.57M

$ 139.42K

Liquity USD

LUSD

$ 1.005

0.00%

-0.59%

$ 26.29M

$ 21.04K

USDP

$ 0.9982

+0.01%

-0.01%

+0.15%

$ 26.04M

$ 5.37K

Electronic USD

EUSD

$ 0.997326

-0.02%

0.00%

-0.25%

$ 23.42M

$ 1.23M

Hex Trust USD

USDX

$ 0.959936

0.00%

-3.42%

$ 22.00M

$ 1.15

Stable Coin

SBC

$ 0.999789

0.00%

$ 21.33M

$ 7.86K

Mento Dollar

USDM

$ 0.995146

-0.41%

-0.00%

-0.47%

$ 13.51M

$ 65.43K

USDM

$ 0.992697

+0.07%

-0.01%

-1.13%

$ 13.49M

$ 287.12K

XSGD

$ 0.78197

+0.01%

+0.00%

+0.09%

$ 13.11M

$ 1.25M

Stable Mint USD

USDSM

$ 1.0

0.00%

$ 12.97M

$ 389.19K

USD CoinVertible

USDCV

$ 0.999252

-0.02%

0.00%

-0.07%

$ 12.54M

$ 38.07M

MAI

MIMATIC

$ 0.997605

+0.35%

+0.00%

+0.42%

$ 11.84M

$ 7.84K

YUSD Stablecoin

YUSD

$ 0.997211

0.00%

-0.01%

$ 11.81M

$ 10.00

USDB

$ 0.996578

-0.12%

-0.00%

+0.05%

$ 11.33M

$ 28.45K

Alchemix USD

ALUSD

$ 0.956943

0.00%

+0.00%

+0.36%

$ 10.02M

$ 174.32K

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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