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

$ 0.99979

0.00%

-0.01%

$ 183.84B

$ 63.03B

USDCoin

USDC

$ 1.00023

0.00%

+0.03%

$ 74.78B

$ 117.59M

Sky Dollar

USDS

$ 0.9996

-0.01%

-0.05%

-0.07%

$ 9.78B

$ 61.20K

Ethena USDe

USDE

$ 1.0003

+0.01%

-0.01%

+0.03%

$ 4.91B

$ 1.53M

Global Dollar

USDG

$ 1.0

0.00%

+0.01%

$ 3.23B

$ 841.39M

PayPal USD

PYUSD

$ 0.999792

0.00%

-0.01%

$ 2.71B

$ 71.67M

Ripple USD

RLUSD

$ 1.0

0.00%

+0.01%

$ 2.52B

$ 296.59M

GHO

$ 0.99937

-0.01%

0.00%

+0.02%

$ 698.56M

$ 12.66M

Usual USD

USD0

$ 0.998749

0.00%

-0.04%

$ 546.05M

$ 290.04K

TrueUSD

TUSD

$ 0.9997

+0.02%

0.00%

$ 494.52M

$ 11.69K

USDtb

USDTB

$ 1.0

+0.01%

0.00%

+0.03%

$ 492.49M

$ 189.25K

A7A5

$ 0.01145615

-2.90%

-0.02%

-3.55%

$ 449.50M

$ 6.28K

First Digital USD

FDUSD

$ 0.9985

-0.02%

0.00%

-0.03%

$ 324.65M

$ 68.48K

AUSD

$ 0.999766

0.00%

+0.01%

$ 223.83M

$ 7.63M

crvUSD

CRVUSD

$ 0.999902

0.00%

$ 222.98M

$ 15.32M

EUR CoinVertible

EURCV

$ 1.13

0.00%

-0.00%

-0.88%

$ 190.16M

$ 28.86M

JPY Coin

JPYC

$ 0.0063039

-0.06%

0.00%

-0.34%

$ 134.30M

$ 893.22K

Frax USD

FRXUSD

$ 0.999991

0.00%

+0.02%

$ 103.53M

$ 4.97M

USDsui

USDSUI

$ 0.99992

+0.09%

+0.01%

+0.14%

$ 76.61M

$ 5.67M

Cygnus Finance Global USD

CGUSD

$ 0.992295

0.00%

-0.06%

$ 75.61M

$ 18.40

DOLA

$ 0.997486

-0.01%

0.00%

+0.18%

$ 74.36M

$ 1.08M

Crown BRLV

BRLV

$ 0.184342

+3.81%

+0.05%

-1.23%

$ 68.46M

$ 26.80K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.190759

-0.07%

-0.00%

-1.44%

$ 53.90M

$ 194.68K

AllUnity CHF

CHFAU

$ 1.21

0.00%

+0.00%

0.00%

$ 45.56M

$ 1.34K

XUSD

$ 1.0009

-0.01%

+0.04%

$ 41.16M

$ 56.83K

Gemini Dollar

GUSD

$ 0.999126

-0.01%

0.00%

-0.03%

$ 38.33M

$ 341.55K

Aegis YUSD

YUSD

$ 0.99984

0.00%

+0.02%

$ 34.94M

$ 42.06K

Monerium EUR emoney

EURE

$ 1.13

0.00%

-0.00%

-0.88%

$ 34.49M

$ 1.40M

BUSD

$ 0.997958

-0.01%

+0.00%

-0.15%

$ 34.35M

$ 8.54K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 33.42M

$ 222.34K

TerraClassicUSD

USTC

$ 0.005788

-0.33%

+0.50%

+1.25%

$ 32.46M

$ 10.22M

MetaMask USD

MUSD

$ 0.999803

0.00%

-0.01%

$ 32.06M

$ 3.97M

FRAX

$ 0.3057

-1.58%

+2.95%

+5.85%

$ 27.44M

$ 243.82K

Tokenised GBP

TGBP

$ 1.32

0.00%

-0.00%

-0.75%

$ 26.57M

$ 161.90K

USDP

$ 0.9982

0.00%

+0.13%

-0.12%

$ 26.04M

$ 14.66K

Liquity USD

LUSD

$ 0.993326

-0.40%

-0.01%

-1.46%

$ 26.01M

$ 26.56K

Hex Trust USD

USDX

$ 0.993432

0.00%

-0.02%

$ 22.77M

$ 12.87

Electronic USD

EUSD

$ 0.997534

-0.01%

0.00%

-0.11%

$ 22.70M

$ 1.44M

Stable Coin

SBC

$ 0.999825

0.00%

+0.01%

$ 14.13M

$ 59.92

Mento Dollar

USDM

$ 1.0

-0.10%

0.00%

+0.53%

$ 14.08M

$ 166.11K

Stable Mint USD

USDSM

$ 0.999979

0.00%

$ 13.68M

$ 365.12K

USDM

$ 0.987031

-1.03%

-0.01%

-0.92%

$ 13.39M

$ 395.12K

XSGD

$ 0.78184

+0.01%

0.00%

+0.09%

$ 13.03M

$ 407.02K

USD CoinVertible

USDCV

$ 1.0

+0.03%

0.00%

$ 12.55M

$ 24.32M

MAI

MIMATIC

$ 0.996812

+0.07%

+0.00%

+13.43%

$ 11.83M

$ 4.55K

YUSD Stablecoin

YUSD

$ 0.997101

0.00%

+0.00%

+0.08%

$ 11.81M

$ 48.25

USDB

$ 0.995214

+0.02%

0.00%

-0.41%

$ 11.30M

$ 53.99K

USAT

$ 0.9996

+0.02%

-0.02%

0.00%

$ 10.00M

$ 49.09K

Alchemix USD

ALUSD

$ 0.952508

0.00%

+0.00%

-0.33%

$ 9.96M

$ 74.14K

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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