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

$ 0.999296

0.00%

+0.07%

$ 178.25B

$ 59.87B

USDCoin

USDC

$ 1.00089

0.00%

-0.04%

-0.08%

$ 71.10B

$ 44.41M

Sky Dollar

USDS

$ 1.001

-0.14%

+0.11%

+0.16%

$ 9.58B

$ 64.44K

Ethena USDe

USDE

$ 1.0008

+0.01%

-0.02%

+0.11%

$ 4.62B

$ 2.15M

Global Dollar

USDG

$ 1.0

0.00%

$ 2.81B

$ 772.83M

PayPal USD

PYUSD

$ 1.0

0.00%

+0.13%

$ 2.71B

$ 46.37M

Ripple USD

RLUSD

$ 1.0

0.00%

+0.03%

$ 2.61B

$ 289.48M

Open USD

OUSD

$ 0.999092

-0.02%

0.00%

-0.49%

$ 912.33M

$ 567.45K

GHO

$ 0.998616

0.00%

+0.01%

$ 698.03M

$ 7.17M

Usual USD

USD0

$ 0.999037

0.00%

$ 540.89M

$ 71.92K

TrueUSD

TUSD

$ 0.998805

+0.07%

0.00%

+0.03%

$ 493.92M

$ 8.26M

A7A5

$ 0.01209072

0.00%

+0.00%

+0.69%

$ 474.49M

$ 118.86

USDtb

USDTB

$ 0.999412

0.00%

+0.10%

$ 417.06M

$ 221.70K

First Digital USD

FDUSD

$ 0.9986

+0.01%

+0.08%

+0.07%

$ 293.47M

$ 103.30K

EUR CoinVertible

EURCV

$ 1.13

0.00%

+0.00%

+0.89%

$ 195.52M

$ 40.54M

AUSD

$ 0.999288

0.00%

+0.09%

$ 157.03M

$ 5.65M

crvUSD

CRVUSD

$ 0.998335

-0.04%

0.00%

+0.01%

$ 155.47M

$ 31.23M

Frax USD

FRXUSD

$ 1.0

0.00%

$ 98.10M

$ 3.83M

JPY Coin

JPYC

$ 0.00633155

+0.08%

0.00%

-0.21%

$ 82.14M

$ 421.43K

Cygnus Finance Global USD

CGUSD

$ 0.992471

0.00%

+0.09%

$ 75.68M

$ 1.76

USDsui

USDSUI

$ 0.999413

-0.03%

0.00%

+0.07%

$ 74.19M

$ 1.59M

DOLA

$ 0.997271

-0.02%

0.00%

+0.14%

$ 71.16M

$ 3.52M

Crown BRLV

BRLV

$ 0.18203

0.00%

+0.01%

-1.14%

$ 67.42M

$ 9.63K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.18176

-0.09%

+0.01%

-1.37%

$ 48.58M

$ 307.65K

XUSD

$ 1.0009

0.00%

-0.06%

-0.03%

$ 41.17M

$ 3.59K

AllUnity CHF

CHFAU

$ 1.23

0.00%

+0.00%

+1.65%

$ 41.13M

$ 13.25K

MetaMask USD

MUSD

$ 0.999347

0.00%

+0.07%

$ 36.82M

$ 9.25M

Gemini Dollar

GUSD

$ 0.997563

-0.14%

-0.00%

-0.34%

$ 35.25M

$ 303.76K

Frax Staked frxUSD

SFRXUSD

$ 1.22

0.00%

$ 35.05M

$ 130.00K

Aegis YUSD

YUSD

$ 0.998848

0.00%

-0.05%

$ 34.56M

$ 42.38K

BUSD

$ 0.999241

-0.03%

-0.00%

-0.18%

$ 34.39M

$ 1.52K

Monerium EUR emoney

EURE

$ 1.12

0.00%

+0.00%

0.00%

$ 29.34M

$ 1.36M

Tokenised GBP

TGBP

$ 1.35

0.00%

+0.00%

+0.75%

$ 26.81M

$ 189.94K

TerraClassicUSD

USTC

$ 0.004606

-0.54%

+2.57%

+0.44%

$ 25.63M

$ 12.29M

Electronic USD

EUSD

$ 0.998479

-0.07%

0.00%

-0.08%

$ 24.60M

$ 73.70K

Liquity USD

LUSD

$ 1.025

0.00%

+0.00%

-1.25%

$ 24.12M

$ 60.06K

USDP

$ 0.9989

0.00%

$ 22.47M

$ 5.10K

FRAX

$ 0.2538

-0.51%

+4.11%

+0.48%

$ 22.36M

$ 334.86K

USD CoinVertible

USDCV

$ 0.999468

+0.01%

0.00%

+0.04%

$ 21.91M

$ 34.59M

Stable Coin

SBC

$ 0.999582

0.00%

+0.12%

$ 18.84M

$ 12.57

Hex Trust USD

USDX

$ 0.939865

+0.01%

-0.05%

-5.91%

$ 18.64M

$ 11.94

Mento Dollar

USDM

$ 0.997509

-0.02%

-0.01%

-0.45%

$ 13.41M

$ 58.01K

Stable Mint USD

USDSM

$ 1.001

0.00%

$ 13.37M

$ 1.75M

XSGD

$ 0.783452

+0.04%

+0.00%

+0.25%

$ 12.47M

$ 800.44K

MAI

MIMATIC

$ 0.996308

0.00%

+0.00%

+0.29%

$ 11.82M

$ 9.73K

YUSD Stablecoin

YUSD

$ 0.997756

0.00%

+0.00%

+0.23%

$ 11.81M

$ 24.47

USDM

$ 1.007

-0.59%

+0.02%

+1.61%

$ 11.61M

$ 117.36K

Alchemix USD

ALUSD

$ 0.966484

-0.05%

0.00%

+0.94%

$ 10.45M

$ 64.88K

USAT

$ 0.999

+0.01%

-0.04%

-0.06%

$ 9.99M

$ 58.72K

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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