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

$ 0.999902

0.00%

+0.02%

$ 184.07B

$ 28.60B

USDCoin

USDC

$ 1.00009

0.00%

-0.02%

$ 74.11B

$ 45.37M

Sky Dollar

USDS

$ 1.0001

-0.01%

-0.02%

0.00%

$ 9.95B

$ 55.31K

Ethena USDe

USDE

$ 0.9999

0.00%

-0.01%

$ 4.89B

$ 39.93K

Global Dollar

USDG

$ 1.0

0.00%

$ 3.17B

$ 240.89M

PayPal USD

PYUSD

$ 0.999967

0.00%

+0.02%

$ 2.89B

$ 41.27M

Ripple USD

RLUSD

$ 1.0

0.00%

$ 2.50B

$ 35.96M

GHO

$ 0.999374

+0.01%

0.00%

+0.03%

$ 698.57M

$ 1.61M

Open USD

OUSD

$ 0.999817

0.00%

$ 666.15M

$ 92.64K

Usual USD

USD0

$ 0.998767

0.00%

+0.01%

$ 546.05M

$ 506.81

TrueUSD

TUSD

$ 0.9998

-0.01%

0.00%

-0.02%

$ 494.37M

$ 8.60K

USDtb

USDTB

$ 0.999969

+0.01%

0.00%

+0.02%

$ 492.78M

$ 335.91K

A7A5

$ 0.01173594

0.00%

-0.00%

-0.47%

$ 460.49M

$ 1.03K

First Digital USD

FDUSD

$ 0.9993

0.00%

+0.04%

+0.02%

$ 324.82M

$ 55.55K

crvUSD

CRVUSD

$ 0.999758

-0.02%

0.00%

+0.02%

$ 227.44M

$ 2.28M

AUSD

$ 0.999838

-0.01%

0.00%

+0.03%

$ 220.13M

$ 1.02M

EUR CoinVertible

EURCV

$ 1.12

0.00%

-1.75%

$ 188.54M

$ 3.50M

JPY Coin

JPYC

$ 0.00631037

-0.02%

0.00%

+0.48%

$ 134.32M

$ 759.25K

Frax USD

FRXUSD

$ 0.999864

0.00%

$ 106.03M

$ 3.81M

USDsui

USDSUI

$ 0.999006

-0.08%

-0.00%

+0.24%

$ 78.48M

$ 940.92K

DOLA

$ 0.997334

0.00%

+0.10%

$ 76.60M

$ 103.24K

Cygnus Finance Global USD

CGUSD

$ 0.992273

0.00%

$ 75.61M

$ 1.30

Crown BRLV

BRLV

$ 0.190741

0.00%

-0.00%

+8.31%

$ 70.93M

$ 20.84K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.189466

-0.06%

-0.00%

-1.05%

$ 51.65M

$ 70.15K

AllUnity CHF

CHFAU

$ 1.2

0.00%

$ 45.50M

$ 148.42

XUSD

$ 1.0009

+0.01%

0.00%

+0.05%

$ 41.17M

$ 54.91K

Gemini Dollar

GUSD

$ 0.99934

0.00%

+0.05%

$ 38.31M

$ 273.22K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 36.90M

$ 21.60K

Aegis YUSD

YUSD

$ 0.999484

-0.02%

0.00%

+0.04%

$ 34.42M

$ 4.76K

BUSD

$ 0.997781

+0.02%

0.00%

-0.05%

$ 34.34M

$ 32.67

MetaMask USD

MUSD

$ 0.999829

0.00%

+0.02%

$ 33.48M

$ 5.98M

Monerium EUR emoney

EURE

$ 1.12

0.00%

-0.00%

-1.75%

$ 33.19M

$ 309.81K

TerraClassicUSD

USTC

$ 0.005847

-0.03%

+0.99%

+0.97%

$ 32.54M

$ 11.21M

Tokenised GBP

TGBP

$ 1.32

0.00%

-0.00%

-0.75%

$ 26.60M

$ 36.79K

FRAX

$ 0.3005

-0.17%

+2.07%

+1.31%

$ 26.53M

$ 222.17K

Liquity USD

LUSD

$ 1.006

0.00%

+0.50%

$ 26.24M

$ 12.80K

USDP

$ 0.9968

0.00%

-0.08%

-0.23%

$ 26.00M

$ 8.56K

Electronic USD

EUSD

$ 0.999115

-0.09%

+0.00%

+0.18%

$ 23.45M

$ 55.76K

Hex Trust USD

USDX

$ 0.993484

0.00%

-0.03%

$ 22.87M

$ 77.96

Stable Coin

SBC

$ 0.999845

+0.02%

0.00%

+0.03%

$ 19.33M

$ 24.67K

Mento Dollar

USDM

$ 0.998257

-0.37%

-0.00%

+0.09%

$ 13.62M

$ 58.20K

USDM

$ 0.996746

-0.42%

-0.00%

-0.52%

$ 13.54M

$ 110.42K

XSGD

$ 0.782

0.00%

+0.08%

$ 12.95M

$ 506.75K

Stable Mint USD

USDSM

$ 0.992754

0.00%

-0.03%

-0.70%

$ 12.87M

$ 914.87

USD CoinVertible

USDCV

$ 0.999407

+0.05%

0.00%

-0.06%

$ 12.54M

$ 3.76M

MAI

MIMATIC

$ 0.995878

0.00%

+0.05%

$ 11.82M

$ 3.20K

YUSD Stablecoin

YUSD

$ 0.997164

0.00%

+0.11%

$ 11.81M

$ 1.52

USDB

$ 0.992646

-0.04%

+0.00%

-0.36%

$ 11.03M

$ 477.30K

USAT

$ 0.9998

-0.02%

+0.05%

+0.01%

$ 10.00M

$ 56.86K

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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