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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
$ 0.999172
0.00%
0.00%
-0.02%
$ 183.03B
$ 30.76B
2
USDCoin
USDCoin
USDC
$ 1.00088
0.00%
0.00%
+0.02%
$ 74.86B
$ 58.37M
3
Sky Dollar
Sky Dollar
USDS
$ 1.001
0.00%
-0.02%
+0.02%
$ 10.58B
$ 53.71K
4
Ethena USDe
Ethena USDe
USDE
$ 1.0009
+0.01%
+0.02%
+0.02%
$ 4.49B
$ 2.67M
5
USD1
USD1
USD1
$ 1.00001
0.00%
+0.01%
-0.02%
$ 4.39B
$ 2.07M
6
Global Dollar
Global Dollar
USDG
$ 0.999812
-0.02%
0.00%
-0.02%
$ 3.47B
$ 227.14M
7
PayPal USD
PayPal USD
PYUSD
$ 0.99983
0.00%
0.00%
+0.01%
$ 2.77B
$ 163.52M
8
Ripple USD
Ripple USD
RLUSD
$ 1.0
0.00%
0.00%
0.00%
$ 1.72B
$ 177.77M
9
GHO
GHO
GHO
$ 0.998473
-0.01%
0.00%
+0.02%
$ 697.93M
$ 2.96M
10
Usual USD
Usual USD
USD0
$ 0.998652
0.00%
0.00%
+0.01%
$ 550.66M
$ 83.14K
11
TrueUSD
TrueUSD
TUSD
$ 0.9991
+0.01%
+0.11%
+0.31%
$ 494.12M
$ 8.66K
12
A7A5
A7A5
A7A5
$ 0.0118291
0.00%
-0.00%
-2.64%
$ 464.03M
$ 3.08K
13
USDtb
USDtb
USDTB
$ 0.999376
+0.02%
0.00%
0.00%
$ 357.75M
$ 3.61M
14
First Digital USD
First Digital USD
FDUSD
$ 0.9978
0.00%
0.00%
-0.02%
$ 336.81M
$ 23.28K
15
AUSD
AUSD
AUSD
$ 0.999151
-0.01%
0.00%
-0.01%
$ 213.92M
$ 3.71M
16
crvUSD
crvUSD
CRVUSD
$ 0.99866
0.00%
0.00%
-0.05%
$ 213.13M
$ 6.76M
17
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.16
0.00%
+0.00%
+0.87%
$ 162.59M
$ 5.79M
18
Frax USD
Frax USD
FRXUSD
$ 0.999991
-0.10%
0.00%
0.00%
$ 114.00M
$ 2.57M
19
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.995176
0.00%
--
-0.02%
$ 75.84M
$ 23.20
20
Crown BRLV
Crown BRLV
BRLV
$ 0.191324
0.00%
-0.00%
-2.52%
$ 71.70M
$ 6.46K
21
Royal Euro
Royal Euro
REUR
$ 4.13
0.00%
--
0.00%
$ 62.01M
$ 19.80M
22
AllUnity CHF
AllUnity CHF
CHFAU
$ 1.23
0.00%
+0.00%
0.00%
$ 59.47M
$ 200.17
23
JPY Coin
JPY Coin
JPYC
$ 0.00626339
0.00%
0.00%
-1.02%
$ 55.15M
$ 39.61K
24
Brazilian Digital
Brazilian Digital
BRZ
$ 0.190903
-0.02%
-0.00%
-2.12%
$ 54.61M
$ 5.38K
25
DOLA
DOLA
DOLA
$ 0.996847
-0.01%
0.00%
+0.10%
$ 52.96M
$ 286.57K
26
XUSD
XUSD
XUSD
$ 1.0009
-0.01%
0.00%
0.00%
$ 44.60M
$ 53.98K
27
Gemini Dollar
Gemini Dollar
GUSD
$ 0.998854
0.00%
0.00%
-0.11%
$ 39.41M
$ 329.13K
28
Aegis YUSD
Aegis YUSD
YUSD
$ 0.997869
-0.01%
0.00%
+0.02%
$ 35.91M
$ 22.98K
29
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.21
0.00%
0.00%
0.00%
$ 34.92M
$ 230.01K
30
BUSD
BUSD
BUSD
$ 1.0
+0.01%
+0.00%
+0.28%
$ 34.42M
$ 9.51K
31
USDP
USDP
USDP
$ 1.0001
0.00%
-0.01%
-0.09%
$ 31.96M
$ 5.45K
32
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.15
0.00%
0.00%
-0.86%
$ 31.14M
$ 969.72K
33
Tokenised GBP
Tokenised GBP
TGBP
$ 1.35
0.00%
+0.00%
0.00%
$ 27.84M
$ 171.93K
34
Liquity USD
Liquity USD
LUSD
$ 1.001
-0.10%
0.00%
0.00%
$ 27.78M
$ 10.68K
35
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.004848
+0.33%
-0.92%
-4.03%
$ 27.07M
$ 19.80M
36
MetaMask USD
MetaMask USD
MUSD
$ 0.999668
+0.03%
0.00%
+0.03%
$ 26.03M
$ 1.07M
37
FRAX
FRAX
FRAX
$ 0.2852
-0.28%
-3.48%
-7.40%
$ 25.18M
$ 220.58K
38
Hex Trust USD
Hex Trust USD
USDX
$ 0.993739
+0.04%
--
+0.50%
$ 24.14M
$ 54.12
39
Electronic USD
Electronic USD
EUSD
$ 0.998094
+0.01%
0.00%
-0.04%
$ 22.70M
$ 86.64K
40
USD CoinVertible
USD CoinVertible
USDCV
$ 0.99886
-0.01%
0.00%
-0.09%
$ 12.26M
$ 6.93M
41
XSGD
XSGD
XSGD
$ 0.782018
0.00%
+0.00%
-0.03%
$ 12.25M
$ 301.32K
42
USDB
USDB
USDB
$ 0.998068
+0.06%
0.00%
+0.64%
$ 11.97M
$ 917.31
43
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.996327
0.00%
--
+0.07%
$ 11.80M
$ 0.06
44
MAI
MAI
MIMATIC
$ 0.975357
-0.03%
-0.00%
-1.90%
$ 11.57M
$ 19.63K
45
Stable Mint USD
Stable Mint USD
USDSM
$ 0.907103
0.00%
-0.09%
-9.19%
$ 11.31M
$ 10.73K
46
USAT
USAT
USAT
$ 0.9994
+0.01%
+0.01%
-0.01%
$ 10.00M
$ 55.69K
47
Rupiah Token
Rupiah Token
IDRT
$ 5.646E-5
0.00%
+3.30%
+1.00%
$ 9.82M
--
48
Alchemix USD
Alchemix USD
ALUSD
$ 0.952182
0.00%
0.00%
+0.71%
$ 9.81M
$ 164.26K
49
StablR USD
StablR USD
USDR
$ 0.4231
0.00%
+0.74%
-10.40%
$ 9.03M
$ 160.17
50
Anzen USDz
Anzen USDz
USDZ
$ 0.974275
0.00%
0.00%
-0.25%
$ 7.35M
$ 1.85K

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.