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
$ 0,999238
0,00%
0,00%
+0,02%
$ 183,41B
$ 33,20B
2
USDCoin
USDCoin
USDC
$ 1,0007
0,00%
-0,01%
-0,01%
$ 74,85B
$ 55,45M
3
Sky Dollar
Sky Dollar
USDS
$ 1,0014
+0,01%
+0,02%
-0,06%
$ 10,58B
$ 54,66K
4
Ethena USDe
Ethena USDe
USDE
$ 1,0007
+0,01%
0,00%
0,00%
$ 4,49B
$ 542,54K
5
USD1
USD1
USD1
$ 1,00037
0,00%
+0,01%
+0,04%
$ 4,40B
$ 2,79M
6
Global Dollar
Global Dollar
USDG
$ 0,999664
-0,02%
0,00%
-0,01%
$ 3,48B
$ 302,83M
7
PayPal USD
PayPal USD
PYUSD
$ 0,999737
0,00%
0,00%
0,00%
$ 2,72B
$ 57,60M
8
Ripple USD
Ripple USD
RLUSD
$ 1,0
0,00%
0,00%
0,00%
$ 1,59B
$ 90,08M
9
Falcon Finance
Falcon Finance
USDF
$ 0,996
0,00%
-0,01%
0,00%
$ 1,30B
$ 136,94K
10
GHO
GHO
GHO
$ 0,997717
+0,02%
0,00%
-0,08%
$ 697,59M
$ 2,23M
11
Usual USD
Usual USD
USD0
$ 0,998742
+0,03%
0,00%
-0,05%
$ 552,11M
$ 3,08M
12
TrueUSD
TrueUSD
TUSD
$ 0,9963
0,00%
+0,02%
-0,03%
$ 492,64M
$ 5,71K
13
A7A5
A7A5
A7A5
$ 0,01227029
-0,08%
-0,01%
+0,94%
$ 481,31M
$ 1,23K
14
USDtb
USDtb
USDTB
$ 0,999933
+0,03%
0,00%
-0,01%
$ 353,11M
$ 2,39M
15
First Digital USD
First Digital USD
FDUSD
$ 0,9983
-0,01%
0,00%
+0,03%
$ 336,91M
$ 56,48K
16
AUSD
AUSD
AUSD
$ 0,999301
-0,01%
0,00%
-0,06%
$ 214,55M
$ 5,65M
17
crvUSD
crvUSD
CRVUSD
$ 0,999617
+0,06%
0,00%
+0,04%
$ 213,74M
$ 7,63M
18
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1,15
0,00%
-0,00%
0,00%
$ 159,30M
$ 9,82M
19
Frax USD
Frax USD
FRXUSD
$ 0,999941
+0,01%
0,00%
+0,04%
$ 109,37M
$ 3,79M
20
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0,995299
+0,02%
0,00%
-0,05%
$ 75,84M
$ 1,30
21
USDX
USDX
USDX
$ 0,671199
0,00%
--
+1,96%
$ 74,88M
$ 4,63K
22
Crown BRLV
Crown BRLV
BRLV
$ 0,195334
-0,11%
+0,00%
-0,79%
$ 73,10M
$ 2,49K
23
Royal Euro
Royal Euro
REUR
$ 4,13
0,00%
--
+262,28%
$ 62,01M
$ 19,80M
24
AllUnity CHF
AllUnity CHF
CHFAU
$ 1,23
0,00%
-0,00%
-0,81%
$ 59,47M
$ 1,27K
25
Brazilian Digital
Brazilian Digital
BRZ
$ 0,194822
-0,02%
+0,01%
-0,26%
$ 56,33M
$ 12,83K
26
JPY Coin
JPY Coin
JPYC
$ 0,00630768
+0,15%
0,00%
+0,40%
$ 55,55M
$ 41,12K
27
DOLA
DOLA
DOLA
$ 0,996043
-0,05%
0,00%
-0,08%
$ 47,38M
$ 527,75K
28
XUSD
XUSD
XUSD
$ 1,0009
0,00%
0,00%
0,00%
$ 44,60M
$ 55,90K
29
Gemini Dollar
Gemini Dollar
GUSD
$ 1,0
0,00%
+0,00%
+0,15%
$ 39,63M
$ 642,78K
30
Aegis YUSD
Aegis YUSD
YUSD
$ 0,997874
+0,06%
0,00%
-0,09%
$ 35,91M
$ 2,03K
31
BUSD
BUSD
BUSD
$ 1,019
+0,39%
+0,02%
+1.904,88%
$ 35,09M
$ 75,60K
32
Tokenised GBP
Tokenised GBP
TGBP
$ 1,35
0,00%
0,00%
0,00%
$ 34,42M
$ 21,54K
33
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1,2
0,00%
0,00%
-0,83%
$ 33,54M
$ 572,62K
34
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1,15
0,00%
-0,00%
+0,88%
$ 32,14M
$ 607,63K
35
USDP
USDP
USDP
$ 1,0002
0,00%
-0,02%
-0,03%
$ 31,96M
$ 5,49K
36
TerraClassicUSD
TerraClassicUSD
USTC
$ 0,005004
+0,16%
+0,82%
+2,08%
$ 27,96M
$ 13,20M
37
Liquity USD
Liquity USD
LUSD
$ 1,005
0,00%
+0,00%
+0,10%
$ 27,87M
$ 612,91K
38
FRAX
FRAX
FRAX
$ 0,3117
-2,02%
+14,46%
+20,88%
$ 27,38M
$ 362,78K
39
MetaMask USD
MetaMask USD
MUSD
$ 0,999314
+0,01%
--
-0,04%
$ 25,70M
$ 5,47M
40
Hex Trust USD
Hex Trust USD
USDX
$ 0,99112
+0,01%
-0,00%
+1,33%
$ 24,08M
$ 9,24
41
Electronic USD
Electronic USD
EUSD
$ 1,0
0,00%
0,00%
+0,24%
$ 23,37M
$ 127,55K
42
USD CoinVertible
USD CoinVertible
USDCV
$ 0,999791
+0,03%
0,00%
+0,06%
$ 12,42M
$ 7,47M
43
Stable Mint USD
Stable Mint USD
USDSM
$ 0,997823
+0,37%
0,00%
-0,16%
$ 12,39M
$ 1,24K
44
XSGD
XSGD
XSGD
$ 0,779763
0,00%
-0,00%
+0,06%
$ 12,19M
$ 553,89K
45
USDB
USDB
USDB
$ 0,99352
+0,04%
-0,00%
+0,09%
$ 11,92M
$ 11,70K
46
MAI
MAI
MIMATIC
$ 0,998266
-0,01%
0,00%
+0,45%
$ 11,80M
$ 10,26K
47
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0,996391
0,00%
0,00%
0,00%
$ 11,80M
$ 0,01
48
USAT
USAT
USAT
$ 0,9999
-0,02%
-0,01%
-0,03%
$ 10,00M
$ 54,52K
49
Alchemix USD
Alchemix USD
ALUSD
$ 0,945664
+0,08%
-0,00%
-0,27%
$ 9,72M
$ 233,52K
50
Rupiah Token
Rupiah Token
IDRT
$ 5,405E-5
-0,02%
-1,70%
-4,18%
$ 9,40M
--

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.