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

Tether

USDT

$ 0.99983

0.00%

+0.02%

$ 184.06B

$ 34.40B

USDCoin

USDC

$ 1.00016

0.00%

-0.03%

$ 74.12B

$ 38.72M

Sky Dollar

USDS

$ 1

-0.02%

+0.01%

$ 9.97B

$ 53.33K

Ethena USDe

USDE

$ 0.9999

0.00%

-0.01%

-0.05%

$ 4.91B

$ 1.20M

Global Dollar

USDG

$ 0.999967

0.00%

$ 3.17B

$ 435.80M

PayPal USD

PYUSD

$ 0.999974

+0.01%

0.00%

+0.02%

$ 2.92B

$ 64.22M

Ripple USD

RLUSD

$ 1.0

0.00%

$ 2.50B

$ 43.42M

GHO

$ 0.999388

-0.01%

0.00%

$ 698.57M

$ 3.26M

Open USD

OUSD

$ 0.999622

-0.01%

0.00%

-0.02%

$ 666.01M

$ 9.32K

Usual USD

USD0

$ 0.99873

0.00%

-0.01%

$ 546.03M

$ 1.47K

TrueUSD

TUSD

$ 0.9997

-0.01%

-0.02%

$ 494.37M

$ 16.10K

USDtb

USDTB

$ 0.999446

-0.03%

0.00%

-0.02%

$ 492.53M

$ 1.42M

A7A5

$ 0.01171049

0.00%

-0.00%

-1.85%

$ 459.49M

$ 3.69K

First Digital USD

FDUSD

$ 0.9993

0.00%

-0.02%

+0.04%

$ 324.78M

$ 58.33K

crvUSD

CRVUSD

$ 0.999568

-0.02%

0.00%

-0.01%

$ 228.00M

$ 12.80M

AUSD

$ 0.999755

0.00%

+0.02%

$ 220.75M

$ 613.62K

EUR CoinVertible

EURCV

$ 1.12

0.00%

-0.00%

-1.75%

$ 188.12M

$ 6.42M

JPY Coin

JPYC

$ 0.00631562

+0.03%

-0.00%

+0.25%

$ 134.43M

$ 1.04M

Frax USD

FRXUSD

$ 0.999968

0.00%

$ 106.70M

$ 2.61M

USDsui

USDSUI

$ 0.999889

0.00%

-0.01%

$ 78.54M

$ 1.25M

DOLA

$ 0.997218

0.00%

-0.06%

$ 76.74M

$ 209.20K

Cygnus Finance Global USD

CGUSD

$ 0.992205

0.00%

$ 75.61M

$ 6.78

Crown BRLV

BRLV

$ 0.190427

0.00%

-0.00%

+2.60%

$ 70.81M

$ 2.52K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.191377

-0.01%

+0.01%

+0.32%

$ 52.15M

$ 124.59K

AllUnity CHF

CHFAU

$ 1.2

0.00%

$ 45.51M

$ 903.82

XUSD

$ 1.0008

+0.01%

0.00%

+0.01%

$ 41.17M

$ 57.51K

Gemini Dollar

GUSD

$ 0.999404

0.00%

-0.01%

$ 38.31M

$ 319.74K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 37.05M

$ 67.78K

Aegis YUSD

YUSD

$ 0.999425

0.00%

+0.00%

+0.01%

$ 34.42M

$ 16.94

BUSD

$ 0.99899

0.00%

-0.30%

$ 34.38M

$ 321.50

MetaMask USD

MUSD

$ 0.999792

0.00%

+0.01%

$ 33.68M

$ 6.14M

Monerium EUR emoney

EURE

$ 1.12

0.00%

-1.75%

$ 33.24M

$ 288.06K

TerraClassicUSD

USTC

$ 0.005868

+0.88%

+1.40%

+3.09%

$ 32.78M

$ 10.57M

Tokenised GBP

TGBP

$ 1.32

0.00%

$ 26.63M

$ 41.18K

FRAX

$ 0.2992

+0.74%

-0.13%

-0.89%

$ 26.42M

$ 243.13K

Liquity USD

LUSD

$ 1.002

-0.40%

-0.00%

-0.20%

$ 26.16M

$ 41.07K

USDP

$ 0.9967

0.00%

-0.02%

$ 26.00M

$ 6.34K

Electronic USD

EUSD

$ 0.998487

+0.06%

0.00%

+0.08%

$ 23.43M

$ 166.95K

Hex Trust USD

USDX

$ 0.987748

0.00%

-0.00%

-0.57%

$ 22.74M

$ 697.84

Stable Coin

SBC

$ 0.999838

+0.02%

0.00%

+0.01%

$ 19.65M

$ 25.19K

Mento Dollar

USDM

$ 1.002

+0.10%

0.00%

+0.10%

$ 13.68M

$ 17.92K

USDM

$ 1.002

+0.63%

+0.01%

-0.10%

$ 13.61M

$ 127.61K

XSGD

$ 0.781667

0.00%

-0.04%

$ 12.95M

$ 156.35K

Stable Mint USD

USDSM

$ 0.995122

-0.10%

-0.00%

-0.49%

$ 12.91M

$ 2.90K

USD CoinVertible

USDCV

$ 0.998791

-0.05%

0.00%

-0.08%

$ 12.53M

$ 7.37M

MAI

MIMATIC

$ 0.996555

+0.01%

0.00%

+0.07%

$ 11.82M

$ 4.53K

YUSD Stablecoin

YUSD

$ 0.996513

0.00%

+0.06%

$ 11.80M

$ 0.31

USDB

$ 0.996883

+0.16%

+0.00%

-0.10%

$ 10.99M

$ 72.31K

USAT

$ 0.9997

-0.01%

0.00%

$ 10.00M

$ 53.36K

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 Capitalisation

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