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

$ 0.999226

0.00%

-0.06%

$ 184.06B

$ 62.67B

USDCoin

USDC

$ 1.00104

-0.01%

0.00%

+0.09%

$ 72.88B

$ 136.33M

Sky Dollar

USDS

$ 0.9956

-0.02%

-0.52%

-0.36%

$ 10.30B

$ 63.14K

Ethena USDe

USDE

$ 1.0006

-0.02%

+0.07%

$ 4.75B

$ 1.02M

Global Dollar

USDG

$ 1.0

0.00%

+0.01%

$ 3.11B

$ 636.52M

PayPal USD

PYUSD

$ 0.999836

+0.01%

0.00%

+0.03%

$ 2.91B

$ 84.20M

Ripple USD

RLUSD

$ 1.0

0.00%

+0.01%

$ 2.43B

$ 176.43M

Open USD

OUSD

$ 0.996743

-0.07%

-0.00%

-0.32%

$ 786.17M

$ 356.91K

GHO

$ 0.998867

+0.04%

0.00%

-0.04%

$ 698.21M

$ 2.74M

Usual USD

USD0

$ 0.998586

0.00%

-0.02%

$ 541.86M

$ 920.56K

TrueUSD

TUSD

$ 0.9999

+0.01%

+0.02%

$ 494.47M

$ 16.58K

USDtb

USDTB

$ 0.99898

0.00%

-0.08%

$ 470.17M

$ 1.33M

A7A5

$ 0.01154464

0.00%

-0.95%

$ 453.00M

$ 1.54K

First Digital USD

FDUSD

$ 0.9991

+0.01%

+0.04%

-0.01%

$ 324.66M

$ 208.86K

crvUSD

CRVUSD

$ 0.999329

+0.03%

0.00%

-0.05%

$ 218.47M

$ 25.88M

EUR CoinVertible

EURCV

$ 1.12

0.00%

-0.00%

0.00%

$ 187.43M

$ 17.85M

AUSD

$ 0.999117

0.00%

-0.06%

$ 178.58M

$ 11.37M

JPY Coin

JPYC

$ 0.00629576

-0.04%

+0.00%

+0.20%

$ 134.01M

$ 1.13M

Frax USD

FRXUSD

$ 0.999747

-0.01%

0.00%

$ 105.45M

$ 3.88M

USDsui

USDSUI

$ 1.0

+0.06%

+0.00%

+0.01%

$ 80.07M

$ 3.64M

Cygnus Finance Global USD

CGUSD

$ 0.991548

0.00%

-0.05%

$ 75.61M

$ 44.71

Crown BRLV

BRLV

$ 0.200255

0.00%

+0.49%

$ 73.89M

$ 52.09

DOLA

$ 0.997077

0.00%

-0.03%

$ 71.28M

$ 1.25M

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.196332

+0.03%

-0.00%

-0.96%

$ 53.56M

$ 58.03K

XUSD

$ 1.0007

0.00%

-0.02%

$ 46.16M

$ 50.40K

AllUnity CHF

CHFAU

$ 1.2

0.00%

$ 41.95M

$ 461.45

MetaMask USD

MUSD

$ 0.999137

+0.01%

0.00%

-0.06%

$ 39.93M

$ 1.93M

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 37.90M

$ 685.77K

Gemini Dollar

GUSD

$ 0.999018

+0.01%

0.00%

-0.03%

$ 36.21M

$ 319.89K

Aegis YUSD

YUSD

$ 0.99895

0.00%

-0.05%

$ 34.47M

$ 85.15K

BUSD

$ 1.0

+0.02%

+0.00%

+0.13%

$ 34.43M

$ 1.99K

Monerium EUR emoney

EURE

$ 1.12

0.00%

-0.00%

-0.88%

$ 33.13M

$ 1.31M

FRAX

$ 0.3366

0.00%

-1.70%

+12.25%

$ 29.66M

$ 375.37K

TerraClassicUSD

USTC

$ 0.005247

+0.77%

-2.99%

-3.24%

$ 29.31M

$ 11.24M

Tokenised GBP

TGBP

$ 1.32

0.00%

-0.00%

0.00%

$ 26.43M

$ 50.87K

Liquity USD

LUSD

$ 1.004

0.00%

-0.00%

0.00%

$ 26.10M

$ 1.73M

USDP

$ 1.002

0.00%

+0.38%

+0.90%

$ 25.13M

$ 169.26K

Electronic USD

EUSD

$ 0.996285

-0.26%

+0.01%

-0.31%

$ 23.13M

$ 1.99M

Hex Trust USD

USDX

$ 0.997724

-0.07%

-0.23%

$ 22.97M

$ 96.98

USDM

$ 1.004

-1.28%

-0.00%

-0.50%

$ 13.62M

$ 78.91K

Mento Dollar

USDM

$ 1.001

+0.15%

+0.00%

+0.84%

$ 13.37M

$ 87.82K

XSGD

$ 0.781267

-0.02%

0.00%

-0.05%

$ 13.01M

$ 614.57K

USD CoinVertible

USDCV

$ 0.99175

-0.04%

-0.51%

$ 12.44M

$ 424.33

Stable Mint USD

USDSM

$ 0.999305

0.00%

+0.00%

-0.96%

$ 12.37M

$ 7.00K

MAI

MIMATIC

$ 0.996421

+0.01%

0.00%

+0.09%

$ 11.82M

$ 5.37K

YUSD Stablecoin

YUSD

$ 0.995802

0.00%

-0.08%

$ 11.80M

$ 56.47

Stable Coin

SBC

$ 0.999271

0.00%

-0.02%

$ 11.26M

$ 16.35

USDB

$ 1.02

+0.59%

+0.01%

+2.56%

$ 10.53M

$ 51.82K

USAT

$ 0.9998

0.00%

+0.01%

$ 10.00M

$ 51.19K

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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