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

Tether

USDT

$ 0.998965

-0.02%

0.00%

-0.06%

$ 177.56B

$ 53.59B

USDCoin

USDC

$ 1.00121

+0.01%

-0.04%

+0.02%

$ 70.57B

$ 52.91M

Sky Dollar

USDS

$ 0.997

0.00%

-0.08%

-0.25%

$ 9.52B

$ 55.13K

Ethena USDe

USDE

$ 1.0003

-0.01%

-0.02%

-0.01%

$ 4.59B

$ 803.42K

Global Dollar

USDG

$ 1.0

0.00%

$ 2.74B

$ 648.66M

PayPal USD

PYUSD

$ 0.999988

0.00%

$ 2.69B

$ 84.51M

Ripple USD

RLUSD

$ 1.0

0.00%

$ 2.67B

$ 407.84M

Open USD

OUSD

$ 0.999185

+0.21%

0.00%

-0.05%

$ 911.63M

$ 1.06M

GHO

$ 0.998444

-0.01%

0.00%

-0.05%

$ 697.92M

$ 5.24M

Usual USD

USD0

$ 0.998915

0.00%

-0.06%

$ 540.26M

$ 8.66M

TrueUSD

TUSD

$ 0.999208

+0.10%

0.00%

+0.07%

$ 494.13M

$ 11.38M

A7A5

$ 0.01201548

-0.01%

-1.02%

$ 471.55M

$ 1.52K

USDtb

USDTB

$ 0.998573

-0.02%

0.00%

-0.09%

$ 416.13M

$ 92.08K

First Digital USD

FDUSD

$ 0.9977

+0.01%

-0.04%

-0.06%

$ 289.14M

$ 125.50K

EUR CoinVertible

EURCV

$ 1.11

0.00%

-0.00%

-0.89%

$ 193.39M

$ 42.11M

AUSD

$ 0.998857

-0.01%

0.00%

-0.06%

$ 154.56M

$ 4.44M

crvUSD

CRVUSD

$ 0.997474

-0.03%

-0.00%

-0.15%

$ 148.93M

$ 12.11M

Frax USD

FRXUSD

$ 1.0

0.00%

-0.10%

$ 95.25M

$ 6.31M

JPY Coin

JPYC

$ 0.00631773

-0.12%

-0.00%

-0.50%

$ 81.98M

$ 563.20K

Cygnus Finance Global USD

CGUSD

$ 0.99209

-0.01%

0.00%

+0.05%

$ 75.66M

$ 11.59

USDsui

USDSUI

$ 0.999688

+0.08%

0.00%

+0.01%

$ 74.10M

$ 2.05M

DOLA

$ 0.996268

-0.01%

0.00%

-0.13%

$ 69.64M

$ 1.10M

Crown BRLV

BRLV

$ 0.181059

-0.01%

-0.00%

-0.77%

$ 67.10M

$ 7.09K

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.180255

-0.11%

-0.00%

-1.14%

$ 48.50M

$ 257.93K

XUSD

$ 1.0012

-0.01%

+0.01%

$ 41.18M

$ 33.19K

AllUnity CHF

CHFAU

$ 1.22

0.00%

-0.00%

+0.83%

$ 40.91M

$ 4.41K

MetaMask USD

MUSD

$ 0.999003

-0.01%

0.00%

-0.05%

$ 37.22M

$ 10.11M

Gemini Dollar

GUSD

$ 0.997091

-0.10%

0.00%

-0.23%

$ 35.24M

$ 417.12K

Frax Staked frxUSD

SFRXUSD

$ 1.22

0.00%

$ 34.83M

$ 580.85K

Aegis YUSD

YUSD

$ 0.998098

-0.02%

0.00%

+0.21%

$ 34.53M

$ 109.26K

BUSD

$ 0.998109

-0.01%

+0.01%

+0.04%

$ 34.35M

$ 8.99K

Monerium EUR emoney

EURE

$ 1.12

0.00%

-0.00%

0.00%

$ 28.90M

$ 1.07M

Tokenised GBP

TGBP

$ 1.34

0.00%

-0.00%

0.00%

$ 26.61M

$ 168.52K

Electronic USD

EUSD

$ 0.997807

+0.17%

+0.00%

+0.04%

$ 24.55M

$ 91.65K

Liquity USD

LUSD

$ 1.018

-0.29%

-0.01%

-1.93%

$ 24.26M

$ 436.96K

TerraClassicUSD

USTC

$ 0.004324

-0.48%

+1.19%

-6.11%

$ 24.15M

$ 14.19M

FRAX

$ 0.2435

0.00%

-0.65%

-6.01%

$ 21.53M

$ 244.94K

Hex Trust USD

USDX

$ 0.993552

+2.47%

0.00%

-0.54%

$ 19.71M

$ 12.44

Stable Coin

SBC

$ 0.998862

-0.01%

0.00%

-0.10%

$ 18.67M

$ 189.86

Stable Mint USD

USDSM

$ 1.0

0.00%

+0.10%

-0.10%

$ 18.27M

$ 666.45K

Mento Dollar

USDM

$ 0.997488

+0.13%

0.00%

-0.19%

$ 13.38M

$ 112.17K

XSGD

$ 0.780144

-0.02%

-0.00%

-0.14%

$ 12.44M

$ 768.89K

USD CoinVertible

USDCV

$ 0.999224

-0.01%

0.00%

-0.07%

$ 11.92M

$ 41.70M

MAI

MIMATIC

$ 0.99584

-0.01%

0.00%

+0.24%

$ 11.81M

$ 5.64K

YUSD Stablecoin

YUSD

$ 0.99688

-0.07%

0.00%

-0.11%

$ 11.80M

$ 9.87

USDM

$ 0.983867

-0.60%

-0.01%

-0.66%

$ 11.35M

$ 67.66K

Alchemix USD

ALUSD

$ 0.965499

0.00%

+0.00%

+0.38%

$ 10.42M

$ 38.71K

USAT

$ 1

-0.04%

+0.01%

-0.01%

$ 10.00M

$ 56.56K

Rupiah Token

IDRT

$ 5.18E-5

0.00%

-0.52%

$ 9.01M

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 Capitalization

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