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

$ 0.998721

0.00%

$ 178.88B

$ 45.24B

USDCoin

USDC

$ 1.00131

0.00%

+0.03%

+0.01%

$ 71.32B

$ 58.48M

Sky Dollar

USDS

$ 1.0012

0.00%

+0.02%

+0.11%

$ 9.60B

$ 58.36K

Ethena USDe

USDE

$ 1

-0.01%

-0.02%

-0.13%

$ 4.58B

$ 1.76M

Global Dollar

USDG

$ 0.999857

0.00%

+0.02%

$ 2.88B

$ 526.15M

PayPal USD

PYUSD

$ 0.999858

+0.01%

0.00%

$ 2.70B

$ 85.35M

Ripple USD

RLUSD

$ 0.999826

+0.01%

0.00%

-0.02%

$ 2.56B

$ 130.78M

Open USD

OUSD

$ 0.998749

+0.02%

-0.00%

-0.01%

$ 879.68M

$ 990.34K

GHO

$ 0.9979

-0.01%

0.00%

$ 697.55M

$ 15.74M

Usual USD

USD0

$ 0.998626

+0.01%

0.00%

-0.02%

$ 540.98M

$ 3.40M

TrueUSD

TUSD

$ 0.997694

0.00%

-0.08%

$ 493.37M

$ 7.75M

USDtb

USDTB

$ 0.998751

0.00%

+0.04%

$ 484.15M

$ 199.76K

First Digital USD

FDUSD

$ 0.9975

0.00%

-0.05%

-0.12%

$ 299.65M

$ 62.90K

EUR CoinVertible

EURCV

$ 1.12

0.00%

+0.00%

+0.90%

$ 194.12M

$ 29.98M

crvUSD

CRVUSD

$ 0.99872

+0.03%

0.00%

+0.04%

$ 156.01M

$ 16.13M

AUSD

$ 0.998637

0.00%

+0.02%

$ 151.54M

$ 10.34M

Frax USD

FRXUSD

$ 0.999866

+0.01%

0.00%

$ 95.54M

$ 8.39M

JPY Coin

JPYC

$ 0.00632722

-0.26%

0.00%

-0.02%

$ 82.10M

$ 191.44K

Cygnus Finance Global USD

CGUSD

$ 0.991835

0.00%

-0.01%

$ 75.64M

$ 1.24

USDsui

USDSUI

$ 0.998436

+0.06%

0.00%

-0.01%

$ 74.04M

$ 1.77M

DOLA

$ 0.99628

0.00%

-0.02%

$ 69.77M

$ 2.23M

A7A5

$ 0.00176871

0.00%

-0.85%

-85.55%

$ 69.41M

$ 155.64

Crown BRLV

BRLV

$ 0.182323

0.00%

-0.00%

-1.91%

$ 67.49M

$ 5.13K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.181826

-0.01%

-0.00%

-2.63%

$ 48.81M

$ 91.19K

AllUnity CHF

CHFAU

$ 1.22

0.00%

+0.83%

$ 44.44M

$ 5.48K

MetaMask USD

MUSD

$ 0.998726

0.00%

$ 38.84M

$ 5.80M

XUSD

$ 1.0803

-9.98%

+7.92%

+7.90%

$ 36.87M

$ 48.10K

Gemini Dollar

GUSD

$ 0.9982

-0.01%

0.00%

-0.01%

$ 35.38M

$ 179.90K

Aegis YUSD

YUSD

$ 0.999469

+0.16%

+0.00%

+0.13%

$ 34.57M

$ 3.50K

Frax Staked frxUSD

SFRXUSD

$ 1.22

0.00%

$ 34.56M

$ 477.74K

BUSD

$ 0.998468

0.00%

-0.00%

-0.06%

$ 34.36M

$ 21.39K

Monerium EUR emoney

EURE

$ 1.12

0.00%

+0.00%

+0.90%

$ 29.09M

$ 1.57M

Tokenised GBP

TGBP

$ 1.34

0.00%

+0.00%

+0.75%

$ 26.67M

$ 275.52K

Hex Trust USD

USDX

$ 0.998932

0.00%

+1.17%

$ 25.61M

$ 199.22

TerraClassicUSD

USTC

$ 0.004465

+0.02%

-3.82%

-12.70%

$ 24.95M

$ 12.67M

Electronic USD

EUSD

$ 0.998641

0.00%

+0.00%

+0.20%

$ 24.31M

$ 128.98K

Liquity USD

LUSD

$ 1.024

0.00%

-0.00%

+1.99%

$ 24.07M

$ 27.73K

USDP

$ 0.9989

-0.01%

-0.17%

$ 22.47M

$ 5.18K

USD CoinVertible

USDCV

$ 0.998933

0.00%

+0.01%

$ 21.90M

$ 19.54M

FRAX

$ 0.2384

-0.29%

-5.32%

-8.84%

$ 21.19M

$ 303.72K

Stable Mint USD

USDSM

$ 0.998807

0.00%

-0.00%

-0.12%

$ 13.86M

$ 26.40K

Mento Dollar

USDM

$ 1.001

0.00%

-0.00%

-0.50%

$ 13.46M

$ 47.09K

XSGD

$ 0.781486

+0.02%

-0.00%

+0.15%

$ 12.40M

$ 496.40K

MAI

MIMATIC

$ 0.994076

0.00%

+0.03%

$ 11.79M

$ 7.49K

YUSD Stablecoin

YUSD

$ 0.996014

0.00%

+0.04%

$ 11.79M

$ 16.92

USDM

$ 0.98779

-0.37%

-0.01%

-1.42%

$ 11.38M

$ 33.82K

Stable Coin

SBC

$ 0.99922

0.00%

+0.08%

$ 10.75M

$ 5.32

Alchemix USD

ALUSD

$ 0.961521

+0.01%

+0.00%

+1.18%

$ 10.40M

$ 16.44K

USAT

$ 0.9996

+0.01%

-0.03%

-0.01%

$ 10.00M

$ 52.60K

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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