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

$ 0.999122

0.00%

-0.07%

$ 184.09B

$ 34.16B

USDCoin

USDC

$ 1.00105

0.00%

+0.01%

+0.09%

$ 73.07B

$ 67.04M

Sky Dollar

USDS

$ 1.0008

+0.02%

+0.01%

+0.09%

$ 10.14B

$ 54.86K

Ethena USDe

USDE

$ 1.0006

-0.01%

0.00%

+0.07%

$ 4.78B

$ 439.16K

Global Dollar

USDG

$ 0.999877

0.00%

$ 3.13B

$ 226.57M

PayPal USD

PYUSD

$ 0.999917

0.00%

$ 2.92B

$ 50.74M

Ripple USD

RLUSD

$ 1.0

0.00%

$ 2.45B

$ 49.52M

Open USD

OUSD

$ 0.997243

-0.20%

-0.00%

-0.25%

$ 787.09M

$ 343.03K

GHO

$ 0.99833

0.00%

-0.10%

$ 697.83M

$ 3.21M

Usual USD

USD0

$ 0.998884

0.00%

+0.01%

$ 542.28M

$ 1.29M

TrueUSD

TUSD

$ 0.9997

-0.01%

-0.04%

0.00%

$ 494.37M

$ 8.79K

USDtb

USDTB

$ 0.999374

0.00%

-0.02%

$ 470.35M

$ 341.86K

A7A5

$ 0.01155937

0.00%

-0.00%

-0.95%

$ 453.58M

$ 248.54

First Digital USD

FDUSD

$ 0.9986

+0.03%

+0.07%

-0.02%

$ 324.53M

$ 85.03K

crvUSD

CRVUSD

$ 0.999104

-0.01%

0.00%

-0.06%

$ 220.22M

$ 20.21M

EUR CoinVertible

EURCV

$ 1.12

0.00%

+0.00%

0.00%

$ 188.10M

$ 4.73M

AUSD

$ 0.998975

0.00%

-0.09%

$ 175.88M

$ 2.62M

JPY Coin

JPYC

$ 0.00631496

+0.04%

+0.00%

+0.15%

$ 134.42M

$ 437.80K

Frax USD

FRXUSD

$ 0.999849

+0.01%

0.00%

$ 105.47M

$ 6.22M

USDsui

USDSUI

$ 0.999033

+0.08%

0.00%

-0.04%

$ 79.99M

$ 2.65M

Cygnus Finance Global USD

CGUSD

$ 0.991813

0.00%

-0.04%

$ 75.63M

$ 3.87

Crown BRLV

BRLV

$ 0.199803

0.00%

-0.17%

$ 73.72M

$ 215.61

DOLA

$ 0.99752

+0.01%

0.00%

+0.02%

$ 70.71M

$ 838.21K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.196617

-0.05%

0.00%

-0.38%

$ 53.63M

$ 14.82K

XUSD

$ 1.0007

-0.01%

-0.02%

-0.03%

$ 46.15M

$ 54.63K

AllUnity CHF

CHFAU

$ 1.2

0.00%

$ 41.96M

$ 305.93

MetaMask USD

MUSD

$ 0.999112

0.00%

-0.07%

$ 39.93M

$ 686.32K

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 37.58M

$ 132.59K

Gemini Dollar

GUSD

$ 0.998629

0.00%

-0.05%

$ 36.20M

$ 286.80K

Aegis YUSD

YUSD

$ 0.998961

0.00%

-0.20%

$ 34.43M

$ 23.78K

BUSD

$ 0.998921

-0.08%

+0.00%

+0.17%

$ 34.38M

$ 34.86K

Monerium EUR emoney

EURE

$ 1.12

0.00%

$ 32.94M

$ 609.26K

FRAX

$ 0.3466

-0.32%

+7.00%

+15.87%

$ 30.61M

$ 373.01K

TerraClassicUSD

USTC

$ 0.005435

-0.40%

+0.39%

-5.38%

$ 30.31M

$ 12.39M

Tokenised GBP

TGBP

$ 1.32

0.00%

$ 26.47M

$ 33.00K

Liquity USD

LUSD

$ 1.006

0.00%

+0.50%

$ 26.15M

$ 13.92K

USDP

$ 0.998

-0.01%

+0.01%

+0.11%

$ 25.03M

$ 6.30K

Electronic USD

EUSD

$ 0.997638

-0.02%

0.00%

+0.10%

$ 23.11M

$ 703.38K

Hex Trust USD

USDX

$ 0.994046

-0.56%

+3.67%

$ 22.88M

$ 2.00

USDM

$ 1.001

+0.31%

+0.01%

+0.53%

$ 13.60M

$ 27.31K

Mento Dollar

USDM

$ 0.999624

+0.33%

-0.00%

-0.04%

$ 13.35M

$ 51.41K

XSGD

$ 0.781263

0.00%

+0.08%

$ 13.01M

$ 351.67K

USD CoinVertible

USDCV

$ 0.993308

0.00%

-0.43%

$ 12.46M

$ 253.89

Stable Mint USD

USDSM

$ 0.989271

-0.10%

-0.00%

-0.14%

$ 12.24M

$ 1.15K

MAI

MIMATIC

$ 0.995709

-0.14%

0.00%

+0.01%

$ 11.81M

$ 1.36K

YUSD Stablecoin

YUSD

$ 0.996496

0.00%

+0.00%

-0.07%

$ 11.80M

$ 49.97

Stable Coin

SBC

$ 0.999817

0.00%

+0.02%

$ 11.30M

$ 206.84

USDB

$ 1.005

0.00%

+0.01%

+1.84%

$ 10.42M

$ 4.06K

USAT

$ 0.9997

0.00%

+0.04%

$ 10.00M

$ 53.60K

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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