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

$ 0.999209

-0.01%

0.00%

+0.01%

$ 175.58B

$ 62.78B

USDCoin

USDC

$ 1.00082

0.00%

-0.03%

-0.04%

$ 69.46B

$ 50.94M

Sky Dollar

USDS

$ 1.0009

0.00%

-0.01%

+0.54%

$ 8.58B

$ 52.87K

Ethena USDe

USDE

$ 1.0005

0.00%

-0.02%

+0.02%

$ 4.90B

$ 39.64K

Ripple USD

RLUSD

$ 0.999877

0.00%

-0.01%

$ 2.78B

$ 203.99M

Global Dollar

USDG

$ 0.999872

0.00%

-0.01%

$ 2.67B

$ 533.20M

PayPal USD

PYUSD

$ 0.999894

0.00%

-0.01%

$ 2.56B

$ 18.73M

Open USD

OUSD

$ 0.999835

-0.22%

0.00%

-0.12%

$ 957.70M

$ 857.31K

GHO

$ 0.998358

0.00%

-0.02%

$ 697.85M

$ 8.07M

Usual USD

USD0

$ 0.998624

0.00%

+0.03%

$ 537.66M

$ 757.68K

TrueUSD

TUSD

$ 0.998821

-0.01%

-0.00%

+0.05%

$ 493.94M

$ 5.45M

USDtb

USDTB

$ 0.999401

0.00%

+0.04%

$ 317.98M

$ 437.57K

First Digital USD

FDUSD

$ 0.9968

0.00%

-0.02%

-0.11%

$ 282.89M

$ 102.41K

EUR CoinVertible

EURCV

$ 1.1

0.00%

-0.00%

-0.90%

$ 189.26M

$ 33.86M

AUSD

$ 0.999192

0.00%

+0.03%

$ 151.75M

$ 5.24M

crvUSD

CRVUSD

$ 0.997018

0.00%

-0.00%

-0.09%

$ 135.90M

$ 27.87M

Frax USD

FRXUSD

$ 0.999848

-0.01%

0.00%

-0.02%

$ 93.69M

$ 7.34M

JPY Coin

JPYC

$ 0.00624269

+0.07%

-0.00%

-0.87%

$ 81.00M

$ 385.82K

Cygnus Finance Global USD

CGUSD

$ 0.992154

0.00%

$ 75.66M

$ 2.08

USDsui

USDSUI

$ 0.999329

0.00%

-0.02%

$ 72.19M

$ 2.23M

DOLA

$ 0.996305

0.00%

+0.01%

$ 67.28M

$ 3.71M

Crown BRLV

BRLV

$ 0.176339

-0.17%

-0.00%

-0.96%

$ 65.45M

$ 3.64K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.175305

-0.20%

-0.00%

-1.12%

$ 47.63M

$ 433.56K

AllUnity CHF

CHFAU

$ 1.19

0.00%

-0.00%

-2.46%

$ 43.05M

$ 6.76K

MetaMask USD

MUSD

$ 0.999223

0.00%

+0.01%

$ 37.59M

$ 2.72M

Aegis YUSD

YUSD

$ 0.998405

+0.01%

0.00%

+0.03%

$ 34.56M

$ 49.41K

Gemini Dollar

GUSD

$ 0.99859

0.00%

+0.01%

$ 34.45M

$ 293.36K

BUSD

$ 0.998636

0.00%

+0.04%

$ 34.37M

$ 6.16K

Frax Staked frxUSD

SFRXUSD

$ 1.22

0.00%

$ 34.06M

$ 510.39K

Monerium EUR emoney

EURE

$ 1.1

0.00%

-0.00%

-0.90%

$ 27.87M

$ 917.38K

Tokenised GBP

TGBP

$ 1.32

0.00%

-0.00%

-0.75%

$ 26.32M

$ 104.40K

Electronic USD

EUSD

$ 0.998773

+0.05%

+0.00%

-0.03%

$ 24.59M

$ 218.47K

Liquity USD

LUSD

$ 1.002

-1.57%

-0.01%

-1.86%

$ 23.91M

$ 2.92M

TerraClassicUSD

USTC

$ 0.0041

+0.46%

+0.07%

-2.87%

$ 23.01M

$ 14.85M

Pax Dollar

USDP

$ 0.997268

+0.08%

0.00%

+0.01%

$ 22.44M

$ 55.85K

FRAX

$ 0.2161

+0.28%

-1.98%

-6.69%

$ 19.19M

$ 293.93K

Stable Mint USD

USDSM

$ 0.999441

0.00%

-0.16%

$ 17.62M

$ 937.41K

Hex Trust USD

USDX

$ 0.980717

0.00%

-1.25%

$ 15.53M

$ 9.77

Mento Dollar

USDM

$ 1.006

0.00%

+0.01%

+0.50%

$ 13.47M

$ 50.21K

XSGD

$ 0.776029

-0.02%

-0.00%

-0.47%

$ 12.40M

$ 806.54K

USD CoinVertible

USDCV

$ 0.999264

0.00%

+0.01%

$ 11.97M

$ 54.08M

MAI

MIMATIC

$ 0.996731

+0.01%

0.00%

+0.09%

$ 11.82M

$ 17.06K

YUSD Stablecoin

YUSD

$ 0.997606

0.00%

+0.00%

+0.09%

$ 11.81M

$ 1.52

USDM

$ 1.01

+1.41%

+0.00%

+2.98%

$ 11.65M

$ 83.43K

Stable Coin

SBC

$ 0.998993

0.00%

$ 11.24M

$ 26.26K

Alchemix USD

ALUSD

$ 0.966062

+0.03%

-0.00%

-0.01%

$ 10.50M

$ 42.91K

USAT

$ 0.9995

0.00%

+0.01%

$ 10.00M

$ 62.88K

Rupiah Token

IDRT

$ 5.18E-5

0.00%

$ 9.01M

USDB

$ 0.954851

0.00%

$ 8.25M

$ 1.47

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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