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

$ 0.999742

0.00%

$ 183.77B

$ 49.94B

USDCoin

USDC

$ 1.00019

0.00%

+0.01%

0.00%

$ 75.19B

$ 52.60M

Sky Dollar

USDS

$ 0.9999

0.00%

-0.02%

$ 9.78B

$ 69.69K

Ethena USDe

USDE

$ 1

+0.01%

0.00%

+0.01%

$ 4.95B

$ 651.90K

Global Dollar

USDG

$ 0.999807

0.00%

-0.01%

$ 3.24B

$ 552.43M

PayPal USD

PYUSD

$ 0.999785

0.00%

-0.02%

$ 2.74B

$ 29.22M

Ripple USD

RLUSD

$ 0.999935

0.00%

$ 2.49B

$ 147.20M

GHO

$ 0.999231

-0.01%

0.00%

+0.04%

$ 698.44M

$ 3.37M

Usual USD

USD0

$ 0.999187

0.00%

+0.02%

$ 546.40M

$ 107.67K

TrueUSD

TUSD

$ 0.9999

0.00%

+0.01%

$ 494.47M

$ 8.05K

USDtb

USDTB

$ 0.999772

-0.01%

0.00%

+0.02%

$ 491.77M

$ 9.35K

A7A5

$ 0.01182898

0.00%

+0.00%

-0.60%

$ 464.12M

$ 1.15K

First Digital USD

FDUSD

$ 0.999

-0.02%

-0.05%

0.00%

$ 324.72M

$ 141.65K

crvUSD

CRVUSD

$ 0.999764

0.00%

-0.02%

$ 224.44M

$ 6.91M

AUSD

$ 0.999618

0.00%

-0.02%

$ 223.81M

$ 3.83M

EUR CoinVertible

EURCV

$ 1.14

0.00%

-0.87%

$ 191.05M

$ 15.87M

JPY Coin

JPYC

$ 0.00629882

-0.05%

-0.00%

+0.29%

$ 134.07M

$ 1.17M

Frax USD

FRXUSD

$ 0.999876

0.00%

$ 104.88M

$ 3.33M

USDsui

USDSUI

$ 0.999814

+0.08%

0.00%

-0.02%

$ 76.57M

$ 5.18M

DOLA

$ 0.99651

+0.10%

0.00%

-0.11%

$ 75.83M

$ 159.82K

Cygnus Finance Global USD

CGUSD

$ 0.992308

0.00%

-0.18%

$ 75.62M

$ 3.55

Crown BRLV

BRLV

$ 0.176125

0.00%

-0.00%

-9.08%

$ 65.39M

$ 73.31

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.191424

-0.05%

-0.00%

-0.70%

$ 54.23M

$ 62.11K

AllUnity CHF

CHFAU

$ 1.21

0.00%

-0.00%

-0.82%

$ 50.89M

$ 4.87K

XUSD

$ 1.0004

0.00%

-0.01%

$ 41.15M

$ 57.49K

Gemini Dollar

GUSD

$ 0.999235

-0.01%

-0.00%

-0.02%

$ 38.33M

$ 289.19K

Aegis YUSD

YUSD

$ 0.999518

0.00%

+0.01%

$ 34.93M

$ 69.77

BUSD

$ 1.006

0.00%

-0.01%

+0.67%

$ 34.61M

$ 2.57K

Monerium EUR emoney

EURE

$ 1.14

0.00%

-0.87%

$ 34.16M

$ 414.63K

TerraClassicUSD

USTC

$ 0.005887

+0.57%

-2.57%

+3.01%

$ 33.15M

$ 11.73M

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

+0.00%

0.00%

$ 32.99M

$ 19.73K

MetaMask USD

MUSD

$ 0.99972

0.00%

$ 31.26M

$ 9.08M

USDP

$ 0.998

0.00%

-0.04%

-0.17%

$ 28.03M

$ 9.44K

FRAX

$ 0.3021

-0.16%

+0.49%

+5.50%

$ 26.91M

$ 228.77K

Tokenised GBP

TGBP

$ 1.32

0.00%

-1.49%

$ 26.63M

$ 80.76K

Liquity USD

LUSD

$ 1.011

-0.10%

-0.02%

+0.40%

$ 26.46M

$ 27.32K

Electronic USD

EUSD

$ 1.0

+0.19%

+0.00%

+0.17%

$ 22.81M

$ 200.10K

Hex Trust USD

USDX

$ 0.992376

-0.14%

-0.04%

$ 22.74M

$ 12.85

Mento Dollar

USDM

$ 1.002

+0.10%

0.00%

$ 14.18M

$ 25.96K

Stable Coin

SBC

$ 0.999605

0.00%

$ 14.09M

$ 10.66

Stable Mint USD

USDSM

$ 0.999691

0.00%

-0.13%

$ 13.67M

$ 877.46K

USDM

$ 1.007

+0.60%

+0.01%

-0.10%

$ 13.61M

$ 186.58K

XSGD

$ 0.781062

-0.05%

-0.00%

-0.37%

$ 12.90M

$ 776.47K

USD CoinVertible

USDCV

$ 0.999537

-0.05%

0.00%

-0.03%

$ 12.54M

$ 14.73M

MAI

MIMATIC

$ 0.995388

-0.01%

0.00%

+5.88%

$ 11.81M

$ 6.80K

YUSD Stablecoin

YUSD

$ 0.995994

0.00%

-0.03%

$ 11.80M

$ 19.76

USDB

$ 0.996712

+0.05%

-0.00%

-0.08%

$ 11.35M

$ 30.58K

USAT

$ 0.9996

0.00%

+0.01%

+0.05%

$ 10.00M

$ 55.28K

Alchemix USD

ALUSD

$ 0.950165

+0.12%

-0.00%

-0.67%

$ 9.95M

$ 32.48K

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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