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

$ 0.999858

0.00%

+0.06%

$ 183.44B

$ 77.24B

USDCoin

USDC

$ 1.00013

0.00%

-0.01%

-0.07%

$ 75.05B

$ 131.75M

Sky Dollar

USDS

$ 0.9999

0.00%

-0.03%

0.00%

$ 9.58B

$ 70.93K

Ethena USDe

USDE

$ 0.9999

0.00%

-0.01%

-0.04%

$ 4.90B

$ 899.45K

Global Dollar

USDG

$ 0.999915

0.00%

$ 3.27B

$ 935.81M

PayPal USD

PYUSD

$ 0.999876

0.00%

+0.03%

$ 2.86B

$ 136.93M

Ripple USD

RLUSD

$ 1.0

0.00%

+0.01%

$ 2.43B

$ 427.19M

GHO

$ 0.999136

0.00%

+0.08%

$ 698.40M

$ 6.02M

Usual USD

USD0

$ 0.999047

0.00%

$ 546.12M

$ 1.78M

TrueUSD

TUSD

$ 0.9998

-0.01%

+0.01%

$ 494.42M

$ 11.59K

USDtb

USDTB

$ 0.999737

0.00%

+0.05%

$ 475.80M

$ 834.49K

A7A5

$ 0.01183649

0.00%

-0.00%

-0.24%

$ 464.41M

$ 1.17K

First Digital USD

FDUSD

$ 0.9996

+0.02%

+0.05%

+0.09%

$ 324.95M

$ 97.49K

crvUSD

CRVUSD

$ 0.999949

+0.02%

0.00%

+0.07%

$ 233.16M

$ 12.84M

AUSD

$ 0.999765

0.00%

+0.05%

$ 230.63M

$ 11.54M

EUR CoinVertible

EURCV

$ 1.14

0.00%

-0.00%

-0.87%

$ 191.87M

$ 28.93M

JPY Coin

JPYC

$ 0.0063058

-0.40%

+0.00%

-15.06%

$ 134.22M

$ 1.90M

Frax USD

FRXUSD

$ 0.999953

+0.01%

0.00%

+0.02%

$ 103.88M

$ 6.79M

Cygnus Finance Global USD

CGUSD

$ 0.993697

0.00%

+0.01%

$ 75.72M

$ 282.71

USDsui

USDSUI

$ 1.002

-0.10%

0.00%

+0.25%

$ 74.75M

$ 4.31M

DOLA

$ 0.996974

-0.04%

0.00%

-0.02%

$ 73.16M

$ 334.38K

Crown BRLV

BRLV

$ 0.185137

-0.01%

-4.51%

$ 68.68M

$ 9.09K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.193875

+0.03%

+0.00%

+0.32%

$ 52.94M

$ 5.07K

AllUnity CHF

CHFAU

$ 1.22

0.00%

+0.83%

$ 49.00M

$ 28.81K

XUSD

$ 1.0005

-0.01%

-0.05%

$ 41.15M

$ 54.61K

Gemini Dollar

GUSD

$ 0.999412

0.00%

+0.05%

$ 39.39M

$ 276.41K

Aegis YUSD

YUSD

$ 0.999806

0.00%

+0.06%

$ 34.94M

$ 10.33K

BUSD

$ 1.011

+0.60%

+0.01%

+1.15%

$ 34.78M

$ 7.78K

TerraClassicUSD

USTC

$ 0.006055

-0.23%

+3.08%

+17.81%

$ 33.74M

$ 10.18M

Monerium EUR emoney

EURE

$ 1.15

0.00%

-0.00%

0.00%

$ 33.47M

$ 1.50M

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 33.24M

$ 43.88K

USDP

$ 0.9999

+0.01%

+0.02%

+0.17%

$ 28.08M

$ 6.23K

MetaMask USD

MUSD

$ 0.99988

0.00%

+0.06%

$ 27.54M

$ 3.88M

Tokenised GBP

TGBP

$ 1.33

0.00%

-0.00%

-0.75%

$ 26.82M

$ 197.01K

Liquity USD

LUSD

$ 1.008

+0.10%

0.00%

-0.10%

$ 26.36M

$ 86.37K

FRAX

$ 0.3

-0.53%

+2.16%

+14.51%

$ 26.26M

$ 245.06K

Electronic USD

EUSD

$ 1.001

+0.10%

+0.00%

+0.20%

$ 22.83M

$ 553.55K

Hex Trust USD

USDX

$ 0.99378

0.00%

+0.36%

$ 22.78M

$ 25.28

Stable Mint USD

USDSM

$ 1.0

0.00%

-0.00%

0.00%

$ 16.59M

$ 2.85

Mento Dollar

USDM

$ 1.006

+0.83%

+0.01%

+0.50%

$ 14.26M

$ 60.68K

XSGD

$ 0.783707

-0.01%

0.00%

+0.12%

$ 12.94M

$ 238.00K

USD CoinVertible

USDCV

$ 0.99969

-0.02%

0.00%

+0.01%

$ 12.54M

$ 35.30M

YUSD Stablecoin

YUSD

$ 0.996359

-0.03%

0.00%

+0.02%

$ 11.80M

$ 37.13

USDB

$ 0.99731

-0.18%

+0.00%

-0.37%

$ 11.35M

$ 29.48K

MAI

MIMATIC

$ 0.940282

+0.47%

-0.00%

-1.67%

$ 11.16M

$ 1.51K

Stable Coin

SBC

$ 0.999724

0.00%

+0.02%

$ 11.03M

$ 285.06

USDM

$ 1.001

+0.27%

-0.00%

-0.10%

$ 10.56M

$ 330.94K

USAT

$ 0.9995

+0.01%

+0.02%

-0.03%

$ 10.00M

$ 54.74K

Alchemix USD

ALUSD

$ 0.955738

0.00%

-0.95%

$ 9.95M

$ 43.38K

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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