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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
$ 0.998687
0.00%
0.00%
-0.02%
$ 183.17B
$ 27.36B
2
USDCoin
USDCoin
USDC
$ 1.0011
+0.01%
+0.03%
+0.03%
$ 74.88B
$ 42.57M
3
Sky Dollar
Sky Dollar
USDS
$ 1.001
+0.01%
+0.03%
+0.03%
$ 10.58B
$ 54.65K
4
Ethena USDe
Ethena USDe
USDE
$ 1.0012
+0.02%
+0.04%
+0.02%
$ 4.49B
$ 497.40K
5
USD1
USD1
USD1
$ 1.00015
0.00%
+0.01%
+0.03%
$ 4.39B
$ 2.18M
6
Global Dollar
Global Dollar
USDG
$ 0.998931
-0.11%
-0.00%
-0.08%
$ 3.40B
$ 107.62M
7
PayPal USD
PayPal USD
PYUSD
$ 0.999599
0.00%
0.00%
-0.02%
$ 2.70B
$ 44.08M
8
Ripple USD
Ripple USD
RLUSD
$ 1.0
0.00%
0.00%
+0.02%
$ 1.45B
$ 49.40M
9
Falcon Finance
Falcon Finance
USDF
$ 0.996
0.00%
-0.01%
0.00%
$ 1.30B
$ 120.47K
10
GHO
GHO
GHO
$ 0.99795
0.00%
0.00%
-0.08%
$ 647.66M
$ 1.96M
11
Usual USD
Usual USD
USD0
$ 0.998878
0.00%
0.00%
-0.06%
$ 552.80M
$ 859.18K
12
TrueUSD
TrueUSD
TUSD
$ 0.9966
+0.01%
+0.02%
-0.01%
$ 492.88M
$ 5.61K
13
A7A5
A7A5
A7A5
$ 0.01209638
0.00%
-0.00%
-0.91%
$ 474.48M
$ 1.15K
14
USDtb
USDtb
USDTB
$ 0.999613
0.00%
0.00%
-0.04%
$ 352.99M
$ 2.61M
15
First Digital USD
First Digital USD
FDUSD
$ 0.9979
0.00%
-0.02%
-0.05%
$ 336.81M
$ 64.23K
16
AUSD
AUSD
AUSD
$ 0.999667
-0.01%
0.00%
-0.01%
$ 241.88M
$ 4.16M
17
crvUSD
crvUSD
CRVUSD
$ 0.998783
-0.01%
0.00%
-0.03%
$ 211.23M
$ 6.24M
18
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.15
0.00%
0.00%
+0.88%
$ 154.89M
$ 6.34M
19
Frax USD
Frax USD
FRXUSD
$ 0.999484
-0.01%
0.00%
-0.04%
$ 108.48M
$ 2.28M
20
Crown BRLV
Crown BRLV
BRLV
$ 0.196898
0.00%
--
+0.77%
$ 76.92M
$ 240.08
21
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.995796
-0.01%
--
-0.01%
$ 75.85M
$ 6.97
22
USDX
USDX
USDX
$ 0.658313
0.00%
--
0.00%
$ 73.45M
$ 4.54K
23
JPY Coin
JPY Coin
JPYC
$ 0.00633945
0.00%
+0.00%
+4.44%
$ 55.83M
$ 118.04K
24
Brazilian Digital
Brazilian Digital
BRZ
$ 0.195351
0.00%
+0.00%
+0.66%
$ 52.24M
$ 1.16K
25
DOLA
DOLA
DOLA
$ 0.99673
0.00%
0.00%
+0.06%
$ 46.54M
$ 363.36K
26
XUSD
XUSD
XUSD
$ 1.0009
+0.01%
0.00%
0.00%
$ 44.61M
$ 55.71K
27
Gemini Dollar
Gemini Dollar
GUSD
$ 0.998251
0.00%
0.00%
-0.15%
$ 38.63M
$ 292.01K
28
Aegis YUSD
Aegis YUSD
YUSD
$ 0.998553
+0.09%
0.00%
0.00%
$ 35.92M
$ 2.17K
29
Tokenised GBP
Tokenised GBP
TGBP
$ 1.35
0.00%
-0.00%
+1.50%
$ 34.43M
$ 90.82K
30
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.15
0.00%
-0.00%
+0.88%
$ 32.68M
$ 252.26K
31
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.21
0.00%
0.00%
0.00%
$ 32.18M
$ 35.79K
32
USDP
USDP
USDP
$ 1.0003
+0.01%
+0.03%
-0.01%
$ 31.96M
$ 7.29K
33
MetaMask USD
MetaMask USD
MUSD
$ 0.999797
0.00%
0.00%
0.00%
$ 27.50M
$ 1.03M
34
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.00497
-0.30%
+1.09%
-2.43%
$ 27.49M
$ 16.60M
35
Liquity USD
Liquity USD
LUSD
$ 1.004
0.00%
0.00%
-0.20%
$ 27.48M
$ 33.38K
36
Hex Trust USD
Hex Trust USD
USDX
$ 0.993849
0.00%
+0.00%
+0.86%
$ 24.14M
$ 25.42
37
FRAX
FRAX
FRAX
$ 0.2656
-0.70%
+5.29%
+5.54%
$ 23.69M
$ 286.57K
38
Electronic USD
Electronic USD
EUSD
$ 0.999805
+0.06%
0.00%
-0.12%
$ 22.70M
$ 642.22K
39
Royal Euro
Royal Euro
REUR
$ 1.14
0.00%
--
0.00%
$ 17.11M
$ 6.70M
40
USD CoinVertible
USD CoinVertible
USDCV
$ 0.999188
-0.07%
0.00%
-0.05%
$ 12.41M
$ 9.37M
41
Stable Mint USD
Stable Mint USD
USDSM
$ 0.999577
0.00%
0.00%
-0.01%
$ 12.40M
$ 94.15K
42
USDB
USDB
USDB
$ 0.998016
+0.06%
-0.00%
+0.28%
$ 11.98M
$ 11.48K
43
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.995945
-0.01%
0.00%
+0.07%
$ 11.80M
$ 3.34
44
XSGD
XSGD
XSGD
$ 0.779138
-0.04%
0.00%
+0.74%
$ 11.80M
$ 547.13K
45
MAI
MAI
MIMATIC
$ 0.996079
0.00%
+0.00%
+2.12%
$ 11.78M
$ 14.06K
46
USAT
USAT
USAT
$ 0.9993
+0.01%
-0.04%
-0.05%
$ 10.00M
$ 55.09K
47
Rupiah Token
Rupiah Token
IDRT
$ 5.641E-5
0.00%
0.00%
0.00%
$ 9.81M
--
48
Alchemix USD
Alchemix USD
ALUSD
$ 0.948805
+0.08%
-0.00%
+2.01%
$ 9.74M
$ 22.43K
49
StablR USD
StablR USD
USDR
$ 0.4219
0.00%
-9.48%
+43.45%
$ 9.01M
$ 36.61
50
Anzen USDz
Anzen USDz
USDZ
$ 0.978979
+0.01%
+0.01%
+0.96%
$ 7.38M
$ 8.90K

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.