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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
1
Tether
Tether
USDT
$ 0.999246
+0.01%
0.00%
0.00%
$ 183.01B
$ 16.29B
2
USDCoin
USDCoin
USDC
$ 1.00095
0.00%
0.00%
+0.03%
$ 74.87B
$ 30.46M
3
Sky Dollar
Sky Dollar
USDS
$ 1.0014
+0.07%
+0.08%
+0.09%
$ 10.59B
$ 58.27K
4
Ethena USDe
Ethena USDe
USDE
$ 1.001
+0.01%
+0.01%
+0.03%
$ 4.49B
$ 39.93K
5
Global Dollar
Global Dollar
USDG
$ 1.0
0.00%
0.00%
0.00%
$ 3.47B
$ 122.75M
6
PayPal USD
PayPal USD
PYUSD
$ 0.999831
0.00%
0.00%
+0.01%
$ 2.78B
$ 29.88M
7
Ripple USD
Ripple USD
RLUSD
$ 1.0
0.00%
0.00%
0.00%
$ 1.72B
$ 41.85M
8
GHO
GHO
GHO
$ 0.998491
0.00%
0.00%
+0.04%
$ 697.92M
$ 628.22K
9
Usual USD
Usual USD
USD0
$ 0.998413
+0.01%
0.00%
-0.02%
$ 550.53M
$ 26.79K
10
TrueUSD
TrueUSD
TUSD
$ 0.9991
0.00%
-0.01%
+0.22%
$ 494.07M
$ 7.56K
11
A7A5
A7A5
A7A5
$ 0.01147849
+0.01%
-0.02%
-4.62%
$ 450.27M
$ 2.07K
12
USDtb
USDtb
USDTB
$ 0.999313
+0.01%
0.00%
-0.04%
$ 357.72M
$ 703.97K
13
First Digital USD
First Digital USD
FDUSD
$ 0.998
0.00%
+0.02%
-0.02%
$ 336.84M
$ 12.78K
14
crvUSD
crvUSD
CRVUSD
$ 0.999109
0.00%
0.00%
-0.01%
$ 213.05M
$ 2.04M
15
AUSD
AUSD
AUSD
$ 0.999249
+0.02%
0.00%
-0.02%
$ 212.76M
$ 2.76M
16
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.16
0.00%
0.00%
+0.87%
$ 162.63M
$ 1.08M
17
Frax USD
Frax USD
FRXUSD
$ 0.999908
+0.01%
0.00%
0.00%
$ 113.40M
$ 1.71M
18
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.99524
0.00%
0.00%
0.00%
$ 75.84M
$ 18.19
19
Crown BRLV
Crown BRLV
BRLV
$ 0.19134
0.00%
0.00%
-2.63%
$ 71.71M
$ 405.82
20
Royal Euro
Royal Euro
REUR
$ 4.13
0.00%
--
0.00%
$ 62.01M
$ 19.80M
21
AllUnity CHF
AllUnity CHF
CHFAU
$ 1.23
0.00%
--
0.00%
$ 59.46M
$ 100.15
22
JPY Coin
JPY Coin
JPYC
$ 0.00626562
0.00%
+0.00%
-0.44%
$ 55.17M
$ 44.67K
23
Brazilian Digital
Brazilian Digital
BRZ
$ 0.190421
-0.06%
-0.00%
-2.40%
$ 54.54M
$ 4.46K
24
DOLA
DOLA
DOLA
$ 0.997202
0.00%
0.00%
+0.07%
$ 52.99M
$ 608.47K
25
XUSD
XUSD
XUSD
$ 1.001
-0.01%
0.00%
-0.01%
$ 44.60M
$ 50.46K
26
Gemini Dollar
Gemini Dollar
GUSD
$ 0.998719
0.00%
0.00%
-0.01%
$ 39.46M
$ 284.66K
27
Aegis YUSD
Aegis YUSD
YUSD
$ 0.998291
0.00%
0.00%
-0.02%
$ 35.92M
$ 372.63
28
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.21
0.00%
0.00%
0.00%
$ 34.58M
$ 270.37K
29
BUSD
BUSD
BUSD
$ 0.998276
+0.01%
0.00%
-0.11%
$ 34.36M
$ 312.60
30
USDP
USDP
USDP
$ 1.0004
-0.01%
0.00%
-0.02%
$ 31.96M
$ 5.80K
31
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.15
0.00%
-0.00%
-0.86%
$ 31.33M
$ 211.85K
32
Tokenised GBP
Tokenised GBP
TGBP
$ 1.35
0.00%
0.00%
0.00%
$ 27.86M
$ 57.95K
33
Liquity USD
Liquity USD
LUSD
$ 1.003
0.00%
0.00%
-0.10%
$ 27.83M
$ 140.28K
34
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.004898
-0.20%
-0.93%
-2.98%
$ 27.37M
$ 13.30M
35
MetaMask USD
MetaMask USD
MUSD
$ 0.999648
0.00%
0.00%
+0.03%
$ 25.83M
$ 626.66K
36
FRAX
FRAX
FRAX
$ 0.2872
-0.42%
-0.45%
-8.44%
$ 25.35M
$ 211.62K
37
Hex Trust USD
Hex Trust USD
USDX
$ 0.988679
0.00%
--
-0.74%
$ 24.02M
$ 2.62
38
Electronic USD
Electronic USD
EUSD
$ 0.997091
0.00%
0.00%
-0.22%
$ 22.50M
$ 545.42K
39
Stable Mint USD
Stable Mint USD
USDSM
$ 1.0
0.00%
0.00%
-0.70%
$ 12.47M
$ 240.56
40
USD CoinVertible
USD CoinVertible
USDCV
$ 0.999482
+0.02%
0.00%
0.00%
$ 12.27M
$ 846.88K
41
XSGD
XSGD
XSGD
$ 0.781516
-0.01%
0.00%
+0.01%
$ 11.93M
$ 153.88K
42
USDB
USDB
USDB
$ 0.994428
-0.05%
-0.00%
+0.23%
$ 11.92M
$ 2.45K
43
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.99494
+0.01%
0.00%
-0.01%
$ 11.79M
$ 11.50
44
MAI
MAI
MIMATIC
$ 0.974722
0.00%
0.00%
-1.63%
$ 11.56M
$ 861.90
45
USAT
USAT
USAT
$ 0.9995
-0.01%
-0.03%
0.00%
$ 10.00M
$ 54.08K
46
Rupiah Token
Rupiah Token
IDRT
$ 5.711E-5
+0.14%
+1.00%
+4.54%
$ 9.93M
--
47
Alchemix USD
Alchemix USD
ALUSD
$ 0.943565
+0.01%
-0.00%
-0.31%
$ 9.78M
$ 153.48K
48
StablR USD
StablR USD
USDR
$ 0.4192
0.00%
+4.02%
+2.17%
$ 8.95M
$ 45.26
49
Anzen USDz
Anzen USDz
USDZ
$ 0.971972
+0.01%
-0.00%
-0.56%
$ 7.33M
$ 3.74K
50
STASIS EURO
STASIS EURO
EURS
$ 1.19
0.00%
-0.00%
-1.65%
$ 7.01M
$ 266.71

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.