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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
$ 0.999771
0.00%
+0.01%
-0.01%
$ 189.77B
$ 57.92B
2
USDCoin
USDCoin
USDC
$ 1
-0.01%
0.00%
0.00%
$ 77.50B
$ 26.98M
3
Sky Dollar
Sky Dollar
USDS
$ 1.0001
-0.01%
-0.01%
+0.03%
$ 11.07B
$ 55.82K
4
USD1
USD1
USD1
$ 0.9996
+0.03%
+0.05%
-0.01%
$ 4.41B
$ 3.50M
5
Dai
Dai
DAI
$ 0.999678
-0.01%
+0.04%
-0.01%
$ 4.40B
--
6
Ethena USDe
Ethena USDe
USDE
$ 0.9998
-0.01%
-0.01%
+0.02%
$ 3.97B
$ 135.92K
7
Global Dollar
Global Dollar
USDG
$ 0.999804
-0.01%
+0.01%
0.00%
$ 3.55B
$ 47.47M
8
PayPal USD
PayPal USD
PYUSD
$ 0.999889
+0.01%
-0.02%
-0.01%
$ 3.46B
$ 131.53M
9
Falcon Finance
Falcon Finance
USDF
$ 1
0.00%
+0.01%
+0.14%
$ 1.62B
$ 95.78K
10
Ripple USD
Ripple USD
RLUSD
$ 1.0
0.00%
+0.01%
0.00%
$ 1.57B
$ 321.33M
11
Decentralized USD
Decentralized USD
USDD
$ 0.9996
0.00%
-0.02%
+0.04%
$ 1.47B
$ 552.73
12
USDtb
USDtb
USDTB
$ 0.999418
+0.01%
-0.01%
-0.02%
$ 626.92M
$ 7.34M
13
GHO
GHO
GHO
$ 0.99945
0.00%
-0.00%
-0.04%
$ 583.68M
$ 7.28M
14
Usual USD
Usual USD
USD0
$ 0.99828
0.00%
+0.01%
+0.01%
$ 556.68M
$ 749.23K
15
A7A5
A7A5
A7A5
$ 0.01298029
0.00%
-0.36%
+0.54%
$ 508.93M
$ 3.62K
16
TrueUSD
TrueUSD
TUSD
$ 0.9999
0.00%
0.00%
+0.10%
$ 494.52M
$ 5.60K
17
First Digital USD
First Digital USD
FDUSD
$ 0.9989
-0.01%
-0.06%
-0.05%
$ 404.95M
$ 260.48K
18
Royal Dollar
Royal Dollar
RUSD
$ 1.0
+0.03%
+0.01%
+0.04%
$ 249.96M
$ 134.43M
19
crvUSD
crvUSD
CRVUSD
$ 0.999713
0.00%
-0.01%
-0.01%
$ 244.38M
$ 14.38M
20
STASIS EURO
STASIS EURO
EURS
$ 1.2
-2.44%
-0.57%
-0.83%
$ 149.48M
$ 20.76K
21
Frax USD
Frax USD
FRXUSD
$ 0.999544
-0.02%
-0.02%
-0.01%
$ 138.67M
$ 5.97M
22
AUSD
AUSD
AUSD
$ 0.999786
-0.01%
-0.00%
0.00%
$ 136.86M
$ 45.97M
23
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.17
0.00%
-0.30%
0.00%
$ 128.02M
$ 74.51M
24
JUSD
JUSD
JUSD
$ 0.999766
0.00%
+0.00%
-0.01%
$ 86.21M
$ 139.20K
25
XDAI
XDAI
XDAI
$ 0.999967
0.00%
+0.01%
0.00%
$ 83.84M
--
26
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.993481
0.00%
-0.00%
-0.03%
$ 75.10M
$ 24.18
27
DOLA
DOLA
DOLA
$ 0.993141
-0.03%
-0.02%
-0.02%
$ 64.93M
$ 172.89K
28
USDX
USDX
USDX
$ 0.546872
0.00%
-0.74%
+1.52%
$ 61.01M
$ 2.53K
29
Crown BRLV
Crown BRLV
BRLV
$ 0.203976
-0.01%
-0.07%
+0.68%
$ 58.77M
$ 960.30
30
Brazilian Digital
Brazilian Digital
BRZ
$ 0.203699
-0.03%
+0.07%
+0.63%
$ 54.27M
$ 196.53K
31
XUSD
XUSD
XUSD
$ 1.0166
-0.02%
+0.17%
+0.16%
$ 53.95M
$ 75.92K
32
FRAX
FRAX
FRAX
$ 0.4907
+0.25%
+0.18%
+1.41%
$ 43.18M
$ 145.83K
33
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.2
0.00%
+0.08%
+0.84%
$ 42.37M
$ 1.82M
34
USDP
USDP
USDP
$ 0.9998
0.00%
0.00%
-0.01%
$ 40.56M
$ 13.74K
35
Gemini Dollar
Gemini Dollar
GUSD
$ 0.999902
-0.01%
-0.02%
+0.05%
$ 40.13M
$ 451.34K
36
BUSD
BUSD
BUSD
$ 0.996552
-0.02%
-0.16%
-0.12%
$ 39.89M
$ 5.47K
37
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.007128
+2.70%
-7.65%
-0.70%
$ 39.66M
$ 13.70M
38
Aegis YUSD
Aegis YUSD
YUSD
$ 0.99875
0.00%
+0.01%
+0.82%
$ 35.93M
$ 654.78
39
MetaMask USD
MetaMask USD
MUSD
$ 0.999649
-0.01%
-0.02%
-0.13%
$ 33.30M
$ 3.07M
40
Tokenised GBP
Tokenised GBP
TGBP
$ 1.35
0.00%
-0.48%
-0.74%
$ 30.87M
$ 52.42K
41
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.17
0.00%
-0.32%
0.00%
$ 29.09M
$ 129.56K
42
Liquity USD
Liquity USD
LUSD
$ 1.001
-0.10%
-0.08%
0.00%
$ 28.64M
$ 95.47K
43
Electronic USD
Electronic USD
EUSD
$ 1.003
+0.10%
+0.23%
0.00%
$ 23.06M
$ 239.60K
44
JPY Coin
JPY Coin
JPYC
$ 0.00632316
-0.09%
-0.27%
-0.35%
$ 20.71M
$ 231.92K
45
USD CoinVertible
USD CoinVertible
USDCV
$ 0.999502
+0.04%
-0.00%
+0.03%
$ 20.16M
$ 16.60M
46
Synthetix sUSD
Synthetix sUSD
SUSD
$ 0.603015
-1.71%
+7.83%
-16.64%
$ 19.79M
$ 46.04K
47
USDB
USDB
USDB
$ 0.988987
+0.12%
-1.12%
-1.10%
$ 18.35M
$ 125.58K
48
Royal Euro
Royal Euro
REUR
$ 1.17
0.00%
-0.35%
0.00%
$ 17.61M
$ 59.90M
49
XSGD
XSGD
XSGD
$ 0.786624
0.00%
-0.11%
-0.18%
$ 14.67M
$ 601.83K
50
Alchemix USD
Alchemix USD
ALUSD
$ 0.968598
+0.02%
-0.45%
-0.66%
$ 12.03M
$ 355.22K

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.