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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
$ 0.998342
-0.01%
-0.01%
-0.06%
$ 186.03B
$ 31.50B
2
USDCoin
USDCoin
USDC
$ 1.0013
0.00%
+0.01%
+0.04%
$ 74.89B
$ 36.63M
3
Sky Dollar
Sky Dollar
USDS
$ 1.001
-0.01%
-0.01%
+0.01%
$ 10.58B
$ 54.93K
4
Ethena USDe
Ethena USDe
USDE
$ 0.9996
+0.01%
+0.01%
-0.02%
$ 4.49B
$ 850.81K
5
USD1
USD1
USD1
$ 1.00059
0.00%
0.00%
+0.02%
$ 4.40B
$ 1.81M
6
Global Dollar
Global Dollar
USDG
$ 0.999844
+0.01%
-0.00%
-0.01%
$ 2.96B
$ 37.58M
7
PayPal USD
PayPal USD
PYUSD
$ 0.999781
+0.04%
-0.02%
-0.01%
$ 2.74B
$ 70.83M
8
Ripple USD
Ripple USD
RLUSD
$ 1.0
0.00%
-0.00%
0.00%
$ 1.57B
$ 61.54M
9
Falcon Finance
Falcon Finance
USDF
$ 0.9962
+0.01%
+0.01%
-0.21%
$ 1.30B
$ 408.97K
10
USDtb
USDtb
USDTB
$ 0.999271
-0.02%
-0.01%
-0.05%
$ 735.80M
$ 1.07M
11
GHO
GHO
GHO
$ 0.997653
0.00%
-0.01%
-0.04%
$ 597.59M
$ 2.51M
12
Usual USD
Usual USD
USD0
$ 0.998379
-0.01%
-0.00%
-0.07%
$ 552.68M
$ 6.66K
13
TrueUSD
TrueUSD
TUSD
$ 0.999
0.00%
+0.01%
-0.02%
$ 494.12M
$ 5.60K
14
A7A5
A7A5
A7A5
$ 0.01217846
0.00%
-0.70%
-5.74%
$ 477.61M
$ 2.88K
15
First Digital USD
First Digital USD
FDUSD
$ 0.9985
0.00%
-0.01%
-0.08%
$ 337.01M
$ 95.22K
16
AUSD
AUSD
AUSD
$ 0.999523
0.00%
-0.00%
-0.02%
$ 172.40M
$ 13.23M
17
crvUSD
crvUSD
CRVUSD
$ 0.998488
-0.01%
-0.01%
-0.05%
$ 170.96M
$ 4.41M
18
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.14
0.00%
+0.08%
0.00%
$ 140.25M
$ 5.44M
19
Frax USD
Frax USD
FRXUSD
$ 0.99973
+0.05%
-0.04%
+0.01%
$ 114.14M
$ 1.35M
20
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.997027
-0.01%
-0.00%
-0.04%
$ 75.67M
$ 35.43
21
Crown BRLV
Crown BRLV
BRLV
$ 0.193401
-0.01%
+0.23%
-0.38%
$ 71.61M
$ 259.36
22
USDX
USDX
USDX
$ 0.625011
+0.37%
-2.37%
-7.95%
$ 69.73M
$ 4.38K
23
Brazilian Digital
Brazilian Digital
BRZ
$ 0.192411
-0.07%
+0.16%
-0.59%
$ 51.23M
$ 28.03K
24
XUSD
XUSD
XUSD
$ 1.001
0.00%
0.00%
0.00%
$ 44.61M
$ 53.71K
25
Gemini Dollar
Gemini Dollar
GUSD
$ 0.99785
0.00%
-0.07%
-0.14%
$ 39.55M
$ 271.64K
26
DOLA
DOLA
DOLA
$ 0.996652
+0.11%
-0.01%
+0.17%
$ 39.12M
$ 192.72K
27
BUSD
BUSD
BUSD
$ 1.0
+0.03%
+0.09%
+1.05%
$ 37.85M
$ 153.37
28
Aegis YUSD
Aegis YUSD
YUSD
$ 0.998109
-0.02%
-0.02%
-0.04%
$ 35.85M
$ 10.39K
29
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.2
0.00%
-0.05%
0.00%
$ 35.37M
$ 20.53K
30
MetaMask USD
MetaMask USD
MUSD
$ 0.999528
-0.05%
+0.06%
-0.02%
$ 32.21M
$ 279.99K
31
USDP
USDP
USDP
$ 1.001
+0.01%
0.00%
+0.01%
$ 31.99M
$ 14.17K
32
Tokenised GBP
Tokenised GBP
TGBP
$ 1.32
0.00%
+0.02%
0.00%
$ 31.13M
$ 42.55K
33
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.005566
+0.62%
+1.99%
-3.13%
$ 30.91M
$ 14.74M
34
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.13
+0.89%
+0.42%
-0.88%
$ 29.63M
$ 270.21K
35
Liquity USD
Liquity USD
LUSD
$ 1.008
-0.20%
+0.29%
+1.05%
$ 28.10M
$ 62.21K
36
Electronic USD
Electronic USD
EUSD
$ 0.996858
-0.09%
-0.06%
-0.14%
$ 23.35M
$ 334.74K
37
Stable Mint USD
Stable Mint USD
USDSM
$ 1.0
0.00%
+0.02%
0.00%
$ 21.94M
$ 8.04K
38
FRAX
FRAX
FRAX
$ 0.2345
+0.60%
-1.30%
-10.12%
$ 20.76M
$ 300.92K
39
JPY Coin
JPY Coin
JPYC
$ 0.00616677
+0.01%
-0.23%
-0.56%
$ 20.20M
$ 163.86K
40
Royal Euro
Royal Euro
REUR
$ 1.14
0.00%
+0.13%
+225.94%
$ 17.08M
$ 27.37M
41
USDB
USDB
USDB
$ 0.999043
+0.07%
+0.96%
+0.92%
$ 12.64M
$ 18.52K
42
USD CoinVertible
USD CoinVertible
USDCV
$ 0.998722
+0.01%
-0.02%
-0.03%
$ 12.59M
$ 33.43M
43
MAI
MAI
MIMATIC
$ 0.991579
+0.05%
+0.00%
+0.34%
$ 11.94M
$ 6.41K
44
XSGD
XSGD
XSGD
$ 0.772557
+0.04%
+0.07%
-0.08%
$ 11.86M
$ 349.64K
45
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.995848
-0.01%
+0.07%
+0.05%
$ 11.80M
$ 7.71
46
WSPN
WSPN
WUSD
$ 0.9964
0.00%
0.00%
0.00%
$ 10.64M
$ 54.14K
47
Alchemix USD
Alchemix USD
ALUSD
$ 0.960769
0.00%
-0.09%
+0.05%
$ 10.30M
$ 171.64K
48
Synthetix sUSD
Synthetix sUSD
SUSD
$ 0.231948
0.00%
0.00%
-7.34%
$ 10.11M
$ 677.05K
49
USAT
USAT
USAT
$ 0.9997
-0.01%
0.00%
-0.01%
$ 10.00M
$ 50.40K
50
Rupiah Token
Rupiah Token
IDRT
$ 5.549E-5
0.00%
+0.17%
+1.84%
$ 9.65M
--

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.