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

$ 0.999549

0.00%

-0.01%

$ 183.30B

$ 50.10B

USDCoin

USDC

$ 1.00023

0.00%

+0.01%

0.00%

$ 74.13B

$ 66.98M

Sky Dollar

USDS

$ 1.0002

-0.01%

$ 9.59B

$ 61.80K

Ethena USDe

USDE

$ 1.0001

0.00%

+0.01%

$ 4.83B

$ 623.42K

Global Dollar

USDG

$ 0.999849

0.00%

-0.01%

$ 3.26B

$ 649.33M

PayPal USD

PYUSD

$ 0.999751

0.00%

$ 2.80B

$ 49.32M

Ripple USD

RLUSD

$ 0.999975

0.00%

+0.01%

$ 2.38B

$ 182.86M

GHO

$ 0.999041

0.00%

+0.06%

$ 698.33M

$ 4.76M

Usual USD

USD0

$ 0.99893

+0.02%

0.00%

+0.01%

$ 546.00M

$ 65.46K

TrueUSD

TUSD

$ 0.9997

0.00%

-0.01%

$ 494.37M

$ 6.02K

USDtb

USDTB

$ 0.999426

-0.02%

0.00%

-0.01%

$ 482.85M

$ 429.27K

A7A5

$ 0.01190353

0.00%

+0.01%

+2.83%

$ 467.02M

$ 1.08K

First Digital USD

FDUSD

$ 0.9994

+0.02%

-0.05%

+0.03%

$ 324.82M

$ 144.35K

AUSD

$ 0.999517

0.00%

$ 233.37M

$ 2.13M

crvUSD

CRVUSD

$ 1.001

+0.11%

+0.00%

+0.17%

$ 216.79M

$ 7.94M

EUR CoinVertible

EURCV

$ 1.15

0.00%

-0.86%

$ 192.77M

$ 11.05M

JPY Coin

JPYC

$ 0.00624931

-0.01%

0.00%

-3.43%

$ 133.02M

$ 5.53M

Frax USD

FRXUSD

$ 0.999937

+0.04%

0.00%

+0.02%

$ 103.67M

$ 752.52K

Cygnus Finance Global USD

CGUSD

$ 0.993979

0.00%

-0.02%

$ 75.74M

$ 5.52

USDsui

USDSUI

$ 0.999917

-0.21%

0.00%

-0.21%

$ 74.61M

$ 3.89M

DOLA

$ 0.996308

-0.02%

0.00%

-0.17%

$ 73.11M

$ 134.25K

Crown BRLV

BRLV

$ 0.193705

0.00%

-0.14%

$ 71.82M

$ 1.04

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.193471

0.00%

-0.20%

$ 52.86M

$ 3.69K

AllUnity CHF

CHFAU

$ 1.22

0.00%

$ 52.28M

$ 1.60K

XUSD

$ 1.001

-0.01%

0.00%

+0.04%

$ 41.17M

$ 55.55K

Gemini Dollar

GUSD

$ 0.99919

0.00%

-0.01%

$ 39.07M

$ 297.41K

Aegis YUSD

YUSD

$ 0.999434

0.00%

+0.20%

$ 34.93M

$ 3.87K

BUSD

$ 0.99886

+0.01%

0.00%

-0.02%

$ 34.38M

$ 1.00K

Monerium EUR emoney

EURE

$ 1.15

0.00%

+0.00%

-0.86%

$ 33.99M

$ 315.73K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 33.10M

$ 24.15K

TerraClassicUSD

USTC

$ 0.005507

-1.01%

-1.26%

+1.80%

$ 30.62M

$ 10.13M

MetaMask USD

MUSD

$ 0.99964

0.00%

-0.01%

$ 29.73M

$ 2.86M

USDP

$ 0.9998

0.00%

-0.01%

+0.25%

$ 28.08M

$ 5.26K

Tokenised GBP

TGBP

$ 1.34

0.00%

-0.74%

$ 26.91M

$ 453.06K

Liquity USD

LUSD

$ 1.01

0.00%

+0.00%

+0.10%

$ 26.41M

$ 68.40K

FRAX

$ 0.2784

-0.71%

-0.43%

+1.34%

$ 24.60M

$ 213.73K

Hex Trust USD

USDX

$ 0.992742

0.00%

+1.16%

$ 22.75M

$ 20.55

Electronic USD

EUSD

$ 0.997972

+0.12%

0.00%

-0.20%

$ 22.71M

$ 393.68K

Mento Dollar

USDM

$ 1.001

+0.37%

+0.00%

+1.64%

$ 14.13M

$ 62.92K

Stable Coin

SBC

$ 0.999629

+0.01%

0.00%

+0.02%

$ 13.06M

$ 107.12

XSGD

$ 0.783036

+0.01%

0.00%

-0.70%

$ 12.97M

$ 434.81K

USD CoinVertible

USDCV

$ 0.999928

+0.04%

0.00%

+0.03%

$ 12.55M

$ 14.16M

Stable Mint USD

USDSM

$ 0.999996

0.00%

+0.05%

$ 11.83M

$ 1.17K

YUSD Stablecoin

YUSD

$ 0.996121

0.00%

-0.06%

$ 11.80M

$ 196.57

USDB

$ 0.999284

+0.20%

-0.00%

-0.47%

$ 11.37M

$ 35.68K

MAI

MIMATIC

$ 0.949756

+0.57%

-0.00%

-2.90%

$ 11.27M

$ 1.04K

USAT

$ 0.9997

+0.01%

-0.01%

$ 10.00M

$ 53.71K

Alchemix USD

ALUSD

$ 0.95848

-0.03%

+0.00%

+0.83%

$ 9.98M

$ 148.04K

Rupiah Token

IDRT

$ 5.494E-5

0.00%

-3.22%

$ 9.55M

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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