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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
101
Meta USD
Meta USD
MUSD
$ 1.001
+0.32%
-0.24%
+0.15%
$ 158.87K
$ 456.74
102
Telcoin MXN
Telcoin MXN
EMXN
$ 0.057668
0.00%
-0.00%
-0.69%
$ 148.36K
$ 1.14
103
Chilean Peso
Chilean Peso
WCLP
$ 0.00124085
+0.13%
-1.03%
+0.92%
$ 79.78K
$ 57.69
104
Autonomous Secure Dollar
Autonomous Secure Dollar
USSD
$ 0.996524
0.00%
0.00%
-0.17%
$ 70.65K
$ 2.76
105
StableNaira
StableNaira
SNR
$ 0.00072781
+0.43%
-0.30%
+0.01%
$ 64.66K
$ 1.74K
106
Mexican Peso
Mexican Peso
WMXN
$ 0.05827
-0.62%
+0.77%
-0.62%
$ 56.45K
$ 350.96
107
Colombian Peso
Colombian Peso
WCOP
$ 0.00027623
0.00%
+0.16%
-1.06%
$ 54.25K
$ 659.53
108
Zasset zUSD
Zasset zUSD
ZUSD
$ 0.608626
0.00%
0.00%
-1.64%
$ 46.83K
$ 6.86
109
Move Dollar
Move Dollar
MOD
$ 0.992899
-0.24%
+0.22%
+0.19%
$ 38.20K
$ 11.23K
110
Peruvian Sol
Peruvian Sol
WPEN
$ 0.308784
0.00%
+0.09%
+0.53%
$ 37.93K
$ 255.79
111
KRWO
KRWO
KRWO
$ 0.00065756
0.00%
0.00%
0.00%
$ 13.35K
$ 345.03
112
Classic USD
Classic USD
USC
$ 0.911839
0.00%
0.00%
-0.94%
$ 12.72K
$ 1.25
113
CKUSDT
CKUSDT
CKUSDT
$ 0.9998
+0.01%
-0.01%
+0.05%
--
$ 57.19K
114
USAD
USAD
USAD
$ 0.9901
0.00%
-0.02%
-0.01%
--
$ 4.36
115
USD Mapped Token
USD Mapped Token
USDM
$ 0.9719
-0.29%
-0.14%
+1.44%
--
$ 58.58K
116
BOB
BOB
BOB
$ 0.005312
+0.11%
-1.61%
-5.85%
--
$ 11.63M

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.