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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
$ 0.999341
0.00%
0.00%
+0.06%
$ 183.13B
$ 20.17B
2
USDCoin
USDCoin
USDC
$ 1.00067
0.00%
+0.02%
-0.04%
$ 74.85B
$ 27.70M
3
Sky Dollar
Sky Dollar
USDS
$ 1.0007
0.00%
+0.04%
-0.03%
$ 10.58B
$ 56.84K
4
Ethena USDe
Ethena USDe
USDE
$ 1.0008
-0.01%
+0.01%
-0.03%
$ 4.49B
$ 1.20M
5
USD1
USD1
USD1
$ 1.00016
0.00%
-0.03%
+0.02%
$ 4.39B
$ 1.85M
6
Global Dollar
Global Dollar
USDG
$ 1.0
0.00%
0.00%
+0.03%
$ 3.48B
$ 127.57M
7
PayPal USD
PayPal USD
PYUSD
$ 0.999801
0.00%
0.00%
+0.02%
$ 2.79B
$ 38.84M
8
Ripple USD
Ripple USD
RLUSD
$ 1.0
0.00%
0.00%
0.00%
$ 1.58B
$ 31.22M
9
GHO
GHO
GHO
$ 0.998174
-0.01%
0.00%
0.00%
$ 697.72M
$ 283.82K
10
Usual USD
Usual USD
USD0
$ 0.998514
0.00%
0.00%
-0.04%
$ 550.78M
$ 4.80M
11
TrueUSD
TrueUSD
TUSD
$ 0.9961
0.00%
-0.01%
-0.04%
$ 492.59M
$ 5.64K
12
A7A5
A7A5
A7A5
$ 0.01213362
-0.13%
-0.00%
-0.61%
$ 475.95M
$ 1.34K
13
USDtb
USDtb
USDTB
$ 0.999364
0.00%
0.00%
-0.06%
$ 352.34M
$ 556.71K
14
First Digital USD
First Digital USD
FDUSD
$ 0.9981
+0.01%
+0.02%
+0.03%
$ 336.91M
$ 45.57K
15
crvUSD
crvUSD
CRVUSD
$ 0.999276
+0.01%
0.00%
+0.05%
$ 213.44M
$ 1.55M
16
AUSD
AUSD
AUSD
$ 0.999302
0.00%
0.00%
-0.04%
$ 210.59M
$ 5.66M
17
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.15
0.00%
0.00%
0.00%
$ 161.31M
$ 1.75M
18
Frax USD
Frax USD
FRXUSD
$ 1.0
0.00%
0.00%
+0.05%
$ 111.86M
$ 1.50M
19
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.995415
0.00%
--
-0.05%
$ 75.85M
$ 7.71
20
USDX
USDX
USDX
$ 0.671199
0.00%
--
+1.96%
$ 74.88M
$ 4.63K
21
Crown BRLV
Crown BRLV
BRLV
$ 0.196266
0.00%
0.00%
-0.32%
$ 73.45M
$ 213.39
22
Royal Euro
Royal Euro
REUR
$ 4.13
0.00%
--
+262.28%
$ 62.01M
$ 19.80M
23
AllUnity CHF
AllUnity CHF
CHFAU
$ 1.23
0.00%
-0.00%
-0.81%
$ 59.59M
$ 1.30K
24
Brazilian Digital
Brazilian Digital
BRZ
$ 0.195059
+0.01%
0.00%
-0.29%
$ 56.59M
$ 464.45
25
JPY Coin
JPY Coin
JPYC
$ 0.00632001
-0.12%
+0.00%
-0.36%
$ 55.65M
$ 13.43K
26
DOLA
DOLA
DOLA
$ 0.995763
0.00%
0.00%
-0.06%
$ 49.00M
$ 220.21K
27
XUSD
XUSD
XUSD
$ 1.0009
+0.01%
+0.01%
+0.01%
$ 44.61M
$ 55.16K
28
Gemini Dollar
Gemini Dollar
GUSD
$ 1.0
0.00%
+0.00%
+0.15%
$ 39.50M
$ 337.97K
29
Aegis YUSD
Aegis YUSD
YUSD
$ 0.998717
+0.10%
0.00%
+0.03%
$ 35.94M
$ 749.57
30
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.21
0.00%
0.00%
+0.83%
$ 34.45M
$ 169.77K
31
BUSD
BUSD
BUSD
$ 0.996128
-0.11%
-0.00%
+1,859.88%
$ 34.28M
$ 2.80K
32
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.15
-0.86%
0.00%
0.00%
$ 32.50M
$ 230.35K
33
USDP
USDP
USDP
$ 1.0009
-0.01%
+0.06%
+0.28%
$ 31.98M
$ 5.32K
34
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.005082
+0.51%
+1.58%
+2.29%
$ 28.36M
$ 12.79M
35
Liquity USD
Liquity USD
LUSD
$ 1.001
0.00%
0.00%
-0.30%
$ 27.78M
$ 202.73K
36
Tokenised GBP
Tokenised GBP
TGBP
$ 1.35
0.00%
0.00%
0.00%
$ 27.75M
$ 30.99K
37
FRAX
FRAX
FRAX
$ 0.3077
+0.19%
-4.69%
+19.37%
$ 27.25M
$ 206.19K
38
MetaMask USD
MetaMask USD
MUSD
$ 0.999409
0.00%
0.00%
-0.04%
$ 26.10M
$ 4.95M
39
Electronic USD
Electronic USD
EUSD
$ 0.998798
+0.03%
0.00%
-0.03%
$ 23.25M
$ 123.42K
40
Hex Trust USD
Hex Trust USD
USDX
$ 0.988747
0.00%
-0.00%
-0.51%
$ 21.05M
$ 49.85
41
USD CoinVertible
USD CoinVertible
USDCV
$ 0.999371
-0.03%
0.00%
0.00%
$ 12.41M
$ 1.52M
42
Stable Mint USD
Stable Mint USD
USDSM
$ 0.994096
-0.48%
-0.00%
-0.52%
$ 12.40M
$ 10.83K
43
XSGD
XSGD
XSGD
$ 0.782279
0.00%
0.00%
+0.25%
$ 12.23M
$ 186.14K
44
USDB
USDB
USDB
$ 0.992608
+0.09%
-0.00%
+0.16%
$ 11.91M
$ 2.07K
45
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.995683
0.00%
0.00%
-0.04%
$ 11.80M
$ 0.06
46
MAI
MAI
MIMATIC
$ 0.994137
-0.01%
-0.00%
-0.12%
$ 11.76M
$ 16.76K
47
StablR USD
StablR USD
USDR
$ 0.4722
0.00%
+13.16%
+4.47%
$ 10.08M
$ 185.32
48
USAT
USAT
USAT
$ 0.9998
0.00%
+0.05%
+0.02%
$ 10.00M
$ 63.82K
49
Alchemix USD
Alchemix USD
ALUSD
$ 0.945575
+0.01%
0.00%
-0.30%
$ 9.77M
$ 160.04K
50
Rupiah Token
Rupiah Token
IDRT
$ 5.591E-5
+0.02%
+2.10%
-0.89%
$ 9.72M
--

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.