Top Fiat-backed Stablecoins by Market Capitalisation

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 collateralised structure ensures high liquidity and stability, making them a cornerstone of crypto trading.

#
Coin
Price
Last 7 Days
Action
1
Tether
Tether
USDT
$ 0.99944
0.00%
-0.02%
-0.04%
$ 189.75B
$ 60.71B
2
USDCoin
USDCoin
USDC
$ 1.0004
0.00%
+0.04%
+0.04%
$ 77.03B
$ 37.41M
3
Sky Dollar
Sky Dollar
USDS
$ 0.9999
0.00%
-0.02%
+0.01%
$ 11.20B
$ 60.42K
4
USD1
USD1
USD1
$ 1.0004
0.00%
+0.04%
+0.10%
$ 4.49B
$ 3.13M
5
Ethena USDe
Ethena USDe
USDE
$ 1.0003
0.00%
-0.04%
+0.05%
$ 4.23B
$ 1.27M
6
PayPal USD
PayPal USD
PYUSD
$ 0.999887
+0.01%
+0.00%
+0.01%
$ 3.47B
$ 69.07M
7
Global Dollar
Global Dollar
USDG
$ 0.999764
+0.01%
+0.01%
0.00%
$ 3.03B
$ 310.21M
8
Falcon Finance
Falcon Finance
USDF
$ 0.9981
0.00%
-0.04%
-0.01%
$ 1.62B
$ 102.77K
9
Ripple USD
Ripple USD
RLUSD
$ 1.0
+0.01%
-0.00%
+0.02%
$ 1.54B
$ 139.37M
10
Decentralized USD
Decentralized USD
USDD
$ 1
0.00%
0.00%
-0.04%
$ 1.50B
$ 663.63
11
USDtb
USDtb
USDTB
$ 0.998877
-0.02%
-0.03%
-0.05%
$ 1.08B
$ 1.73M
12
GHO
GHO
GHO
$ 0.999389
0.00%
-0.00%
-0.03%
$ 583.64M
$ 24.76M
13
Usual USD
Usual USD
USD0
$ 0.99776
0.00%
-0.04%
-0.04%
$ 556.34M
$ 4.53K
14
A7A5
A7A5
A7A5
$ 0.01290603
+1.42%
-1.53%
+0.15%
$ 506.04M
$ 13.51K
15
TrueUSD
TrueUSD
TUSD
$ 0.9999
0.00%
0.00%
0.00%
$ 494.47M
$ 5.58K
16
First Digital USD
First Digital USD
FDUSD
$ 0.9984
0.00%
-0.03%
-0.16%
$ 393.75M
$ 96.42K
17
Royal Dollar
Royal Dollar
RUSD
$ 0.999878
+0.02%
-0.02%
+0.01%
$ 249.99M
$ 134.51M
18
crvUSD
crvUSD
CRVUSD
$ 0.999148
-0.01%
-0.06%
-0.08%
$ 237.48M
$ 15.86M
19
STASIS EURO
STASIS EURO
EURS
$ 1.22
0.00%
+1.03%
0.00%
$ 151.34M
$ 5.44K
20
Frax USD
Frax USD
FRXUSD
$ 0.999432
-0.02%
+0.01%
-0.03%
$ 137.63M
$ 4.38M
21
AUSD
AUSD
AUSD
$ 0.999844
-0.02%
+0.01%
0.00%
$ 132.78M
$ 15.21M
22
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.16
0.00%
-0.52%
-1.69%
$ 122.31M
$ 63.58M
23
JUSD
JUSD
JUSD
$ 0.999428
0.00%
-0.03%
-0.04%
$ 86.18M
$ 139.42K
24
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.993255
0.00%
-0.00%
-0.05%
$ 75.15M
$ 5.14
25
Crown BRLV
Crown BRLV
BRLV
$ 0.197158
0.00%
-1.49%
-3.30%
$ 72.78M
$ 10.07K
26
DOLA
DOLA
DOLA
$ 0.991059
-0.01%
-0.30%
-0.21%
$ 64.78M
$ 121.26K
27
USDX
USDX
USDX
$ 0.564816
-0.22%
-1.34%
+3.97%
$ 63.02M
$ 2.44K
28
XUSD
XUSD
XUSD
$ 1
0.00%
0.00%
0.00%
$ 53.86M
$ 56.98K
29
Brazilian Digital
Brazilian Digital
BRZ
$ 0.196878
-0.02%
-1.34%
-3.09%
$ 52.44M
$ 494.50K
30
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.19
0.00%
-0.10%
-0.83%
$ 42.33M
$ 413.60K
31
USDP
USDP
USDP
$ 1.0002
0.00%
0.00%
0.00%
$ 40.58M
$ 11.48K
32
Gemini Dollar
Gemini Dollar
GUSD
$ 0.999188
0.00%
-0.01%
0.00%
$ 39.91M
$ 362.62K
33
FRAX
FRAX
FRAX
$ 0.4403
+0.71%
-6.61%
-11.29%
$ 38.89M
$ 145.07K
34
BUSD
BUSD
BUSD
$ 0.999914
0.00%
+0.29%
+0.14%
$ 37.84M
$ 24.85K
35
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.006615
+0.57%
-2.35%
-12.49%
$ 36.33M
$ 17.87M
36
Aegis YUSD
Aegis YUSD
YUSD
$ 0.99854
0.00%
+0.30%
-0.08%
$ 35.92M
$ 1.93K
37
MetaMask USD
MetaMask USD
MUSD
$ 0.999765
0.00%
+0.00%
0.00%
$ 32.31M
$ 2.51M
38
Tokenised GBP
Tokenised GBP
TGBP
$ 1.33
0.00%
-0.68%
-2.21%
$ 31.87M
$ 197.78K
39
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.16
0.00%
-0.11%
-1.69%
$ 30.03M
$ 132.62K
40
Liquity USD
Liquity USD
LUSD
$ 1.003
0.00%
+0.05%
+0.10%
$ 28.68M
$ 214.51K
41
Electronic USD
Electronic USD
EUSD
$ 0.995468
-0.11%
-0.38%
-0.45%
$ 22.90M
$ 666.12K
42
Synthetix sUSD
Synthetix sUSD
SUSD
$ 0.648291
-0.09%
-2.05%
-8.86%
$ 21.27M
$ 24.02K
43
JPY Coin
JPY Coin
JPYC
$ 0.00626387
+0.06%
-0.17%
-1.80%
$ 20.52M
$ 243.54K
44
Royal Euro
Royal Euro
REUR
$ 1.16
0.00%
-0.35%
-1.69%
$ 17.43M
$ 59.93M
45
USDB
USDB
USDB
$ 0.995126
+0.08%
-0.62%
-0.88%
$ 17.27M
$ 41.09K
46
XSGD
XSGD
XSGD
$ 0.781916
-0.04%
-0.28%
-0.90%
$ 15.00M
$ 843.04K
47
USD CoinVertible
USD CoinVertible
USDCV
$ 0.999181
-0.02%
-0.23%
+0.01%
$ 12.89M
$ 12.96M
48
Alchemix USD
Alchemix USD
ALUSD
$ 0.966793
+0.01%
+0.31%
-0.61%
$ 12.19M
$ 209.34K
49
Stable Coin
Stable Coin
SBC
$ 1.001
0.00%
+0.04%
+0.10%
$ 11.84M
$ 735.45
50
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.995664
0.00%
-0.04%
-0.11%
$ 11.79M
$ 23.29

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.