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

$ 0.999756

0.00%

$ 184.04B

$ 45.74B

USDCoin

USDC

$ 1.00018

0.00%

+0.01%

-0.01%

$ 74.13B

$ 67.33M

Sky Dollar

USDS

$ 0.9999

-0.01%

-0.02%

+0.02%

$ 9.97B

$ 53.99K

Ethena USDe

USDE

$ 0.9999

+0.01%

-0.03%

$ 4.91B

$ 1.29M

Global Dollar

USDG

$ 1.0

0.00%

$ 3.18B

$ 557.97M

PayPal USD

PYUSD

$ 0.999924

0.00%

+0.02%

$ 2.90B

$ 79.50M

Ripple USD

RLUSD

$ 1.0

0.00%

$ 2.43B

$ 92.01M

GHO

$ 0.999251

0.00%

$ 698.47M

$ 5.25M

Open USD

OUSD

$ 0.99973

0.00%

-0.01%

$ 667.60M

$ 8.75K

Usual USD

USD0

$ 0.999023

+0.01%

0.00%

+0.01%

$ 546.17M

$ 102.47K

TrueUSD

TUSD

$ 0.9998

-0.01%

-0.02%

-0.01%

$ 494.37M

$ 16.02K

USDtb

USDTB

$ 0.999625

+0.01%

0.00%

-0.02%

$ 492.59M

$ 1.32M

A7A5

$ 0.01168721

-0.53%

+0.02%

-1.03%

$ 458.58M

$ 2.35K

First Digital USD

FDUSD

$ 0.9991

-0.01%

-0.02%

+0.03%

$ 324.75M

$ 74.85K

crvUSD

CRVUSD

$ 0.999717

0.00%

+0.01%

$ 229.24M

$ 14.41M

AUSD

$ 0.999848

+0.02%

0.00%

+0.01%

$ 220.77M

$ 3.43M

EUR CoinVertible

EURCV

$ 1.12

0.00%

-0.00%

-0.88%

$ 188.10M

$ 11.38M

JPY Coin

JPYC

$ 0.00629772

+0.05%

-0.00%

-0.27%

$ 134.05M

$ 1.12M

Frax USD

FRXUSD

$ 0.999924

-0.01%

0.00%

$ 106.63M

$ 4.30M

USDsui

USDSUI

$ 0.999787

+0.01%

-0.00%

+0.01%

$ 78.83M

$ 2.61M

DOLA

$ 0.99758

-0.02%

0.00%

+0.03%

$ 76.77M

$ 798.45K

Cygnus Finance Global USD

CGUSD

$ 0.992141

0.00%

-0.01%

$ 75.60M

$ 5.80

Crown BRLV

BRLV

$ 0.191389

0.00%

+0.00%

+2.54%

$ 71.17M

$ 14.91K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.192368

+0.23%

+0.01%

+0.83%

$ 52.53M

$ 144.90K

AllUnity CHF

CHFAU

$ 1.2

0.00%

$ 45.48M

$ 1.06K

XUSD

$ 1.0008

-0.01%

0.00%

-0.01%

$ 41.16M

$ 56.55K

Gemini Dollar

GUSD

$ 0.999444

-0.05%

0.00%

$ 38.31M

$ 320.02K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 37.06M

$ 170.28K

Aegis YUSD

YUSD

$ 1.004

0.00%

+0.00%

+0.41%

$ 34.57M

$ 1.88

BUSD

$ 0.998991

-0.30%

+0.00%

-0.01%

$ 34.38M

$ 1.40K

MetaMask USD

MUSD

$ 0.999788

0.00%

+0.01%

$ 33.88M

$ 6.60M

Monerium EUR emoney

EURE

$ 1.12

0.00%

-0.00%

-1.75%

$ 33.21M

$ 1.11M

TerraClassicUSD

USTC

$ 0.005827

-0.33%

-0.84%

-1.23%

$ 32.37M

$ 10.37M

Tokenised GBP

TGBP

$ 1.32

0.00%

$ 26.62M

$ 49.50K

FRAX

$ 0.2995

-0.27%

-0.03%

-3.95%

$ 26.42M

$ 277.86K

Liquity USD

LUSD

$ 1.005

-0.30%

+0.00%

+0.10%

$ 26.22M

$ 32.46K

USDP

$ 0.9967

-0.01%

-0.16%

$ 26.00M

$ 5.49K

Electronic USD

EUSD

$ 0.998177

+0.08%

0.00%

+0.08%

$ 23.43M

$ 165.47K

Hex Trust USD

USDX

$ 0.99267

+0.02%

-0.00%

-0.08%

$ 22.84M

$ 753.51

Stable Coin

SBC

$ 0.99977

0.00%

+0.01%

$ 19.83M

$ 24.55K

Mento Dollar

USDM

$ 0.995924

-0.71%

-0.00%

-0.71%

$ 13.58M

$ 24.39K

USDM

$ 0.991688

-0.51%

-0.00%

-0.93%

$ 13.47M

$ 148.88K

Stable Mint USD

USDSM

$ 1.005

-0.10%

-0.00%

+0.50%

$ 13.03M

$ 1.59K

XSGD

$ 0.780837

0.00%

-0.00%

-0.12%

$ 12.93M

$ 314.78K

USD CoinVertible

USDCV

$ 0.999034

+0.04%

0.00%

-0.07%

$ 12.53M

$ 10.15M

MAI

MIMATIC

$ 0.996255

-0.01%

0.00%

+0.03%

$ 11.82M

$ 5.97K

YUSD Stablecoin

YUSD

$ 0.996466

0.00%

-0.05%

$ 11.80M

$ 0.23

USDB

$ 0.993377

-0.03%

0.00%

-0.41%

$ 10.94M

$ 59.03K

USAT

$ 0.9997

0.00%

-0.01%

+0.01%

$ 10.00M

$ 54.22K

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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