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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
$ 0.998868
-0.01%
+0.04%
+0.04%
$ 184.46B
$ 54.76B
2
USDCoin
USDCoin
USDC
$ 1.0007
0.00%
-0.03%
-0.05%
$ 74.85B
$ 74.78M
3
Sky Dollar
Sky Dollar
USDS
$ 1.0009
+0.03%
0.00%
-0.05%
$ 10.58B
$ 56.40K
4
Ethena USDe
Ethena USDe
USDE
$ 0.9995
0.00%
-0.01%
-0.01%
$ 4.48B
$ 1.41M
5
USD1
USD1
USD1
$ 0.99987
0.00%
-0.06%
-0.07%
$ 4.39B
$ 5.26M
6
Global Dollar
Global Dollar
USDG
$ 0.999826
+0.02%
+0.01%
+0.04%
$ 3.00B
$ 40.58M
7
PayPal USD
PayPal USD
PYUSD
$ 0.999932
+0.01%
-0.03%
+0.03%
$ 2.72B
$ 159.06M
8
Ripple USD
Ripple USD
RLUSD
$ 0.999551
-0.02%
-0.02%
-0.03%
$ 1.42B
$ 142.95M
9
Falcon Finance
Falcon Finance
USDF
$ 0.9962
+0.01%
+0.01%
+0.16%
$ 1.30B
$ 463.82K
10
USDtb
USDtb
USDTB
$ 1.0
+0.01%
+0.01%
+0.06%
$ 727.08M
$ 21.06M
11
GHO
GHO
GHO
$ 0.998183
+0.01%
+0.03%
+0.01%
$ 597.90M
$ 5.36M
12
Usual USD
Usual USD
USD0
$ 0.998424
-0.01%
+0.01%
-0.02%
$ 552.64M
$ 65.85K
13
TrueUSD
TrueUSD
TUSD
$ 0.9987
-0.01%
-0.02%
-0.08%
$ 493.87M
$ 5.65K
14
A7A5
A7A5
A7A5
$ 0.01233818
0.00%
+0.62%
-1.22%
$ 483.86M
$ 6.75K
15
First Digital USD
First Digital USD
FDUSD
$ 0.9982
+0.01%
+0.04%
+0.01%
$ 336.88M
$ 115.35K
16
AUSD
AUSD
AUSD
$ 0.999575
-0.01%
-0.00%
+0.02%
$ 173.34M
$ 8.63M
17
crvUSD
crvUSD
CRVUSD
$ 0.998581
-0.03%
+0.00%
+0.03%
$ 173.16M
$ 13.68M
18
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.14
0.00%
-0.34%
0.00%
$ 142.23M
$ 14.21M
19
Frax USD
Frax USD
FRXUSD
$ 0.999887
0.00%
+0.00%
+0.04%
$ 113.84M
$ 2.42M
20
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.997042
-0.01%
-0.00%
0.00%
$ 75.67M
$ 54.57
21
USDX
USDX
USDX
$ 0.639826
-0.24%
+1.40%
-1.43%
$ 71.38M
$ 5.29K
22
Crown BRLV
Crown BRLV
BRLV
$ 0.191647
-0.01%
-0.60%
-0.55%
$ 69.85M
$ 8.69K
23
Brazilian Digital
Brazilian Digital
BRZ
$ 0.190806
-0.02%
-0.76%
-0.67%
$ 50.78M
$ 98.97K
24
XUSD
XUSD
XUSD
$ 1.001
-0.01%
-0.01%
-0.01%
$ 44.61M
$ 53.75K
25
Gemini Dollar
Gemini Dollar
GUSD
$ 0.998473
-0.01%
+0.06%
-0.14%
$ 39.24M
$ 293.26K
26
DOLA
DOLA
DOLA
$ 0.995671
0.00%
+0.02%
+0.01%
$ 39.04M
$ 632.48K
27
BUSD
BUSD
BUSD
$ 0.992429
-0.11%
-0.57%
+0.07%
$ 37.56M
$ 429.13
28
Aegis YUSD
Aegis YUSD
YUSD
$ 0.998508
0.00%
+0.02%
+0.02%
$ 35.89M
$ 127.19K
29
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.2
0.00%
+0.05%
0.00%
$ 35.54M
$ 66.68K
30
USDP
USDP
USDP
$ 1.0004
0.00%
-0.06%
-0.09%
$ 31.97M
$ 19.55K
31
Tokenised GBP
Tokenised GBP
TGBP
$ 1.33
0.00%
+0.08%
+0.76%
$ 31.30M
$ 61.75K
32
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.14
+0.88%
-0.91%
0.00%
$ 30.64M
$ 1.03M
33
MetaMask USD
MetaMask USD
MUSD
$ 0.999671
0.00%
-0.00%
0.00%
$ 30.43M
$ 1.33M
34
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.005486
-0.24%
+1.08%
+2.81%
$ 30.37M
$ 15.73M
35
Liquity USD
Liquity USD
LUSD
$ 1.008
0.00%
+0.08%
-0.10%
$ 28.09M
$ 49.25K
36
JPY Coin
JPY Coin
JPYC
$ 0.00615056
+0.07%
+0.16%
-0.31%
$ 26.91M
$ 367.73K
37
Hex Trust USD
Hex Trust USD
USDX
$ 0.998795
-0.02%
+1.04%
+1.02%
$ 23.83M
$ 55.43K
38
Electronic USD
Electronic USD
EUSD
$ 0.997304
-0.04%
+0.08%
-0.15%
$ 23.45M
$ 649.69K
39
Stable Mint USD
Stable Mint USD
USDSM
$ 1.001
+0.13%
-0.00%
+0.18%
$ 21.96M
$ 31.73K
40
FRAX
FRAX
FRAX
$ 0.2362
-0.26%
+2.19%
-2.67%
$ 20.61M
$ 283.95K
41
Royal Euro
Royal Euro
REUR
$ 1.14
0.00%
0.00%
+226.19%
$ 17.11M
$ 6.70M
42
USDB
USDB
USDB
$ 1.004
-0.10%
+1.01%
+0.43%
$ 12.65M
$ 15.40K
43
USD CoinVertible
USD CoinVertible
USDCV
$ 0.999205
-0.01%
+0.01%
+0.10%
$ 12.59M
$ 44.04M
44
MAI
MAI
MIMATIC
$ 0.99196
-0.01%
+0.01%
+0.22%
$ 11.96M
$ 23.32K
45
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.9959
-0.01%
+0.08%
+0.02%
$ 11.80M
$ 5.63
46
XSGD
XSGD
XSGD
$ 0.771386
+0.01%
-0.15%
+0.06%
$ 11.63M
$ 851.78K
47
WSPN
WSPN
WUSD
$ 0.9964
-0.01%
-0.01%
-0.01%
$ 10.64M
$ 55.74K
48
Alchemix USD
Alchemix USD
ALUSD
$ 0.952087
-0.02%
-0.51%
-0.80%
$ 10.26M
$ 112.66K
49
Synthetix sUSD
Synthetix sUSD
SUSD
$ 0.231948
0.00%
0.00%
-8.41%
$ 10.11M
$ 677.05K
50
USAT
USAT
USAT
$ 0.9996
0.00%
0.00%
0.00%
$ 10.00M
$ 48.51K

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.