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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
$ 0.999599
0.00%
0.00%
+0.05%
$ 183.03B
$ 94.31B
2
USDCoin
USDCoin
USDC
$ 1.00039
0.00%
-0.03%
-0.05%
$ 74.82B
$ 110.86M
3
Sky Dollar
Sky Dollar
USDS
$ 1.0005
-0.01%
+0.01%
-0.03%
$ 10.58B
$ 58.94K
4
Ethena USDe
Ethena USDe
USDE
$ 1.0003
0.00%
-0.03%
-0.07%
$ 4.49B
$ 1.45M
5
Global Dollar
Global Dollar
USDG
$ 0.999954
0.00%
0.00%
+0.01%
$ 3.44B
$ 401.77M
6
PayPal USD
PayPal USD
PYUSD
$ 0.999895
+0.01%
0.00%
+0.01%
$ 2.83B
$ 195.66M
7
Ripple USD
Ripple USD
RLUSD
$ 1.0
0.00%
0.00%
0.00%
$ 1.89B
$ 736.21M
8
GHO
GHO
GHO
$ 0.99866
0.00%
0.00%
+0.02%
$ 698.06M
$ 4.85M
9
Usual USD
Usual USD
USD0
$ 0.998663
0.00%
0.00%
0.00%
$ 550.67M
$ 367.92K
10
TrueUSD
TrueUSD
TUSD
$ 0.9986
0.00%
0.00%
-0.04%
$ 493.82M
$ 5.80K
11
A7A5
A7A5
A7A5
$ 0.01199193
0.00%
+0.01%
+1.38%
$ 470.43M
$ 3.73K
12
USDtb
USDtb
USDTB
$ 0.999609
0.00%
0.00%
+0.04%
$ 357.59M
$ 964.37K
13
First Digital USD
First Digital USD
FDUSD
$ 0.9991
-0.02%
+0.06%
+0.13%
$ 337.25M
$ 255.12K
14
crvUSD
crvUSD
CRVUSD
$ 0.998443
-0.12%
-0.00%
-0.01%
$ 229.61M
$ 47.44M
15
AUSD
AUSD
AUSD
$ 0.999493
-0.01%
0.00%
+0.04%
$ 214.21M
$ 25.40M
16
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.17
0.00%
+0.00%
+0.86%
$ 169.46M
$ 30.07M
17
Frax USD
Frax USD
FRXUSD
$ 0.999633
-0.01%
0.00%
-0.03%
$ 115.21M
$ 3.50M
18
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.995517
0.00%
-0.00%
+0.04%
$ 75.86M
$ 28.52
19
USDsui
USDsui
USDSUI
$ 1.001
-0.10%
0.00%
+0.10%
$ 74.02M
$ 2.95M
20
Crown BRLV
Crown BRLV
BRLV
$ 0.192483
0.00%
-0.00%
+0.61%
$ 72.22M
$ 2.74K
21
Royal Euro
Royal Euro
REUR
$ 4.13
0.00%
--
0.00%
$ 62.01M
$ 19.80M
22
AllUnity CHF
AllUnity CHF
CHFAU
$ 1.25
0.00%
0.00%
+1.63%
$ 58.68M
$ 6.57K
23
JPY Coin
JPY Coin
JPYC
$ 0.00626922
-0.01%
-0.00%
+0.08%
$ 55.20M
$ 58.04K
24
Brazilian Digital
Brazilian Digital
BRZ
$ 0.193315
0.00%
+0.00%
+1.26%
$ 55.19M
$ 5.93K
25
DOLA
DOLA
DOLA
$ 0.997902
+0.01%
0.00%
+0.12%
$ 54.19M
$ 880.04K
26
Gemini Dollar
Gemini Dollar
GUSD
$ 0.998806
-0.07%
0.00%
0.00%
$ 48.76M
$ 339.81K
27
XUSD
XUSD
XUSD
$ 1.0009
-0.01%
-0.01%
0.00%
$ 44.60M
$ 56.80K
28
Aegis YUSD
Aegis YUSD
YUSD
$ 0.998979
-0.01%
0.00%
+0.09%
$ 34.91M
$ 9.58K
29
BUSD
BUSD
BUSD
$ 0.998964
-0.10%
-0.00%
-0.10%
$ 34.38M
$ 1.25K
30
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.21
0.00%
0.00%
0.00%
$ 34.29M
$ 592.02K
31
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.17
0.00%
-0.00%
+1.74%
$ 33.00M
$ 672.10K
32
USDP
USDP
USDP
$ 0.997
-0.12%
-0.18%
-0.30%
$ 31.87M
$ 10.32K
33
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.00531
+0.68%
+5.80%
+9.82%
$ 29.69M
$ 13.55M
34
Tokenised GBP
Tokenised GBP
TGBP
$ 1.36
0.00%
+0.00%
+0.74%
$ 27.85M
$ 127.10K
35
Liquity USD
Liquity USD
LUSD
$ 1.005
-0.50%
-0.00%
+0.40%
$ 26.85M
$ 32.25K
36
MetaMask USD
MetaMask USD
MUSD
$ 0.999656
0.00%
0.00%
+0.01%
$ 26.74M
$ 2.79M
37
FRAX
FRAX
FRAX
$ 0.302
+0.13%
+2.37%
+5.26%
$ 26.66M
$ 197.27K
38
Hex Trust USD
Hex Trust USD
USDX
$ 0.989942
-0.08%
+0.00%
+0.35%
$ 23.99M
$ 5.51
39
Electronic USD
Electronic USD
EUSD
$ 0.999652
-0.03%
+0.00%
+0.09%
$ 22.38M
$ 937.78K
40
Stable Coin
Stable Coin
SBC
$ 0.999868
0.00%
0.00%
+0.07%
$ 13.60M
$ 143.02
41
Stable Mint USD
Stable Mint USD
USDSM
$ 0.998918
-0.01%
-0.02%
-0.10%
$ 12.46M
$ 33.59K
42
USD CoinVertible
USD CoinVertible
USDCV
$ 0.999687
+0.03%
0.00%
+0.03%
$ 12.27M
$ 64.20M
43
XSGD
XSGD
XSGD
$ 0.78694
-0.02%
+0.00%
+0.67%
$ 12.02M
$ 1.98M
44
USDB
USDB
USDB
$ 1.002
-0.50%
+0.00%
+0.44%
$ 11.99M
$ 31.04K
45
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.996449
0.00%
0.00%
+0.07%
$ 11.81M
$ 17.65
46
MAI
MAI
MIMATIC
$ 0.973819
-0.03%
-0.00%
-0.21%
$ 11.55M
$ 6.48K
47
USAT
USAT
USAT
$ 0.9994
-0.02%
-0.01%
-0.01%
$ 10.00M
$ 55.96K
48
Alchemix USD
Alchemix USD
ALUSD
$ 0.940631
-0.03%
-0.00%
-1.04%
$ 9.79M
$ 159.92K
49
Rupiah Token
Rupiah Token
IDRT
$ 5.586E-5
0.00%
-2.10%
-1.06%
$ 9.71M
--
50
Anzen USDz
Anzen USDz
USDZ
$ 0.965795
-0.12%
-0.00%
-0.81%
$ 7.28M
$ 6.66K

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.