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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
$ 0.998822
0.00%
-0.03%
-0.03%
$ 186.71B
$ 50.41B
2
USDCoin
USDCoin
USDC
$ 1.00092
0.00%
+0.04%
+0.03%
$ 75.05B
$ 75.73M
3
Sky Dollar
Sky Dollar
USDS
$ 1.0004
0.00%
0.00%
-0.03%
$ 10.57B
$ 55.60K
4
Ethena USDe
Ethena USDe
USDE
$ 0.9999
+0.01%
+0.01%
+0.01%
$ 4.48B
$ 4.09M
5
USD1
USD1
USD1
$ 0.99975
0.00%
+0.01%
+0.02%
$ 4.41B
$ 4.71M
6
PayPal USD
PayPal USD
PYUSD
$ 1.0
+0.03%
+0.01%
0.00%
$ 2.86B
$ 122.51M
7
Global Dollar
Global Dollar
USDG
$ 0.999724
-0.01%
-0.00%
-0.03%
$ 2.63B
$ 131.98M
8
Ripple USD
Ripple USD
RLUSD
$ 1.0
0.00%
-0.00%
+0.02%
$ 1.65B
$ 71.96M
9
Falcon Finance
Falcon Finance
USDF
$ 0.9954
0.00%
+0.01%
-0.06%
$ 1.30B
$ 722.63K
10
USDtb
USDtb
USDTB
$ 0.999214
0.00%
-0.03%
-0.02%
$ 993.69M
$ 9.34M
11
GHO
GHO
GHO
$ 0.998915
0.00%
-0.01%
-0.01%
$ 598.36M
$ 1.06M
12
Usual USD
Usual USD
USD0
$ 0.998761
-0.01%
+0.01%
+0.01%
$ 552.89M
$ 545.05K
13
A7A5
A7A5
A7A5
$ 0.0128796
0.00%
-1.51%
-2.10%
$ 505.06M
$ 2.91K
14
TrueUSD
TrueUSD
TUSD
$ 0.9999
0.00%
+0.02%
+0.01%
$ 494.47M
$ 7.55K
15
First Digital USD
First Digital USD
FDUSD
$ 0.9983
0.00%
0.00%
+0.01%
$ 339.08M
$ 64.78K
16
Royal Dollar
Royal Dollar
RUSD
$ 0.999799
0.00%
+0.01%
+0.01%
$ 249.99M
$ 131.74M
17
crvUSD
crvUSD
CRVUSD
$ 0.999226
+0.07%
-0.05%
+0.04%
$ 185.01M
$ 24.93M
18
STASIS EURO
STASIS EURO
EURS
$ 1.21
0.00%
-0.06%
-1.63%
$ 149.85M
$ 7.39K
19
AUSD
AUSD
AUSD
$ 0.999646
+0.01%
-0.00%
-0.03%
$ 136.97M
$ 19.79M
20
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.15
0.00%
-0.00%
-0.86%
$ 133.14M
$ 25.22M
21
Frax USD
Frax USD
FRXUSD
$ 0.999512
0.00%
+0.01%
-0.02%
$ 125.60M
$ 5.17M
22
USDX
USDX
USDX
$ 0.711589
+0.34%
+0.72%
+2.07%
$ 79.38M
$ 2.70K
23
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.999701
-0.01%
+0.22%
+0.20%
$ 75.77M
$ 2.02
24
Crown BRLV
Crown BRLV
BRLV
$ 0.192868
+0.07%
-0.18%
-3.04%
$ 71.25M
$ 7.20K
25
Brazilian Digital
Brazilian Digital
BRZ
$ 0.192649
+0.16%
-0.00%
-1.98%
$ 51.34M
$ 52.03K
26
DOLA
DOLA
DOLA
$ 0.995614
+0.01%
-0.00%
+0.15%
$ 49.77M
$ 1.69M
27
XUSD
XUSD
XUSD
$ 1.0033
-0.01%
0.00%
+0.12%
$ 44.58M
$ 66.95K
28
Gemini Dollar
Gemini Dollar
GUSD
$ 0.998411
0.00%
-0.06%
-0.05%
$ 39.27M
$ 285.42K
29
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.2
0.00%
+0.08%
0.00%
$ 38.39M
$ 305.47K
30
Aegis YUSD
Aegis YUSD
YUSD
$ 0.998352
-0.01%
+0.00%
0.00%
$ 36.01M
$ 66.10K
31
MetaMask USD
MetaMask USD
MUSD
$ 0.999663
-0.01%
+0.01%
+0.01%
$ 33.44M
$ 438.68K
32
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.005884
+0.24%
-3.72%
+2.38%
$ 32.90M
$ 21.52M
33
USDP
USDP
USDP
$ 1.0004
-0.01%
+0.02%
0.00%
$ 31.97M
$ 14.57K
34
Tokenised GBP
Tokenised GBP
TGBP
$ 1.34
0.00%
-0.04%
0.00%
$ 31.55M
$ 113.36K
35
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.15
0.00%
+0.04%
-0.86%
$ 30.25M
$ 327.75K
36
Liquity USD
Liquity USD
LUSD
$ 1.007
+0.10%
+0.07%
+0.30%
$ 28.14M
$ 34.25K
37
FRAX
FRAX
FRAX
$ 0.2795
+0.04%
+0.47%
-6.51%
$ 24.71M
$ 274.41K
38
Electronic USD
Electronic USD
EUSD
$ 0.998438
+0.06%
-0.04%
-0.26%
$ 22.97M
$ 583.39K
39
Stable Mint USD
Stable Mint USD
USDSM
$ 0.999841
-0.01%
+0.02%
-0.01%
$ 21.94M
$ 2.33K
40
JPY Coin
JPY Coin
JPYC
$ 0.006242
-0.04%
-0.00%
-0.09%
$ 20.45M
$ 312.81K
41
Synthetix sUSD
Synthetix sUSD
SUSD
$ 0.528618
+0.89%
-3.14%
-11.21%
$ 17.41M
$ 34.69K
42
Royal Euro
Royal Euro
REUR
$ 1.15
0.00%
+0.00%
-0.86%
$ 17.32M
$ 59.81M
43
XSGD
XSGD
XSGD
$ 0.776859
-0.02%
-0.01%
-0.25%
$ 14.95M
$ 917.37K
44
USDB
USDB
USDB
$ 0.999695
+0.63%
-0.49%
+1.55%
$ 14.93M
$ 110.46K
45
USD CoinVertible
USD CoinVertible
USDCV
$ 0.999373
+0.03%
-0.00%
0.00%
$ 12.59M
$ 31.01M
46
MAI
MAI
MIMATIC
$ 0.988847
+0.02%
-0.00%
+1.42%
$ 11.96M
$ 13.20K
47
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.995987
0.00%
+0.04%
-0.03%
$ 11.80M
$ 35.08
48
WSPN
WSPN
WUSD
$ 0.9983
0.00%
+0.01%
-0.02%
$ 10.54M
$ 53.33K
49
Alchemix USD
Alchemix USD
ALUSD
$ 0.955895
+0.05%
+0.34%
-0.48%
$ 10.50M
$ 48.05K
50
USAT
USAT
USAT
$ 0.9996
0.00%
0.00%
+0.04%
$ 10.00M
$ 53.88K

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.