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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
$ 0.999042
0.00%
0.00%
-0.04%
$ 183.01B
$ 29.03B
2
USDCoin
USDCoin
USDC
$ 1.00093
0.00%
+0.02%
+0.04%
$ 74.87B
$ 44.99M
3
Sky Dollar
Sky Dollar
USDS
$ 1.0008
-0.01%
-0.01%
+0.01%
$ 10.58B
$ 56.55K
4
Ethena USDe
Ethena USDe
USDE
$ 1.0009
0.00%
0.00%
+0.01%
$ 4.49B
$ 646.35K
5
USD1
USD1
USD1
$ 1.00017
0.00%
+0.01%
-0.02%
$ 4.39B
$ 1.74M
6
Global Dollar
Global Dollar
USDG
$ 0.999567
-0.04%
0.00%
-0.24%
$ 3.47B
$ 233.25M
7
PayPal USD
PayPal USD
PYUSD
$ 0.999795
-0.01%
0.00%
-0.01%
$ 2.80B
$ 149.87M
8
Ripple USD
Ripple USD
RLUSD
$ 1.0
0.00%
0.00%
0.00%
$ 1.58B
$ 119.41M
9
GHO
GHO
GHO
$ 0.998108
-0.02%
0.00%
0.00%
$ 697.68M
$ 8.04M
10
Usual USD
Usual USD
USD0
$ 0.998683
0.00%
0.00%
+0.02%
$ 550.70M
$ 951.79K
11
TrueUSD
TrueUSD
TUSD
$ 0.9968
+0.01%
-0.03%
+0.07%
$ 492.93M
$ 5.45K
12
A7A5
A7A5
A7A5
$ 0.01190111
0.00%
-0.01%
-1.78%
$ 466.85M
$ 1.29K
13
USDtb
USDtb
USDTB
$ 0.999081
0.00%
0.00%
-0.06%
$ 356.20M
$ 2.99M
14
First Digital USD
First Digital USD
FDUSD
$ 0.998
-0.01%
-0.01%
-0.03%
$ 336.81M
$ 39.54K
15
AUSD
AUSD
AUSD
$ 0.999153
0.00%
0.00%
-0.02%
$ 214.99M
$ 8.86M
16
crvUSD
crvUSD
CRVUSD
$ 0.998321
-0.04%
0.00%
-0.02%
$ 214.11M
$ 4.46M
17
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.15
0.00%
-0.00%
0.00%
$ 161.09M
$ 7.07M
18
Frax USD
Frax USD
FRXUSD
$ 0.999503
-0.02%
0.00%
-0.02%
$ 110.94M
$ 2.18M
19
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.995029
0.00%
0.00%
-0.04%
$ 75.82M
$ 5.39
20
USDX
USDX
USDX
$ 0.671199
0.00%
--
0.00%
$ 74.88M
$ 4.63K
21
Crown BRLV
Crown BRLV
BRLV
$ 0.192594
+0.14%
-0.00%
-1.76%
$ 72.16M
$ 4.29K
22
Royal Euro
Royal Euro
REUR
$ 4.13
0.00%
--
0.00%
$ 62.01M
$ 19.80M
23
AllUnity CHF
AllUnity CHF
CHFAU
$ 1.23
0.00%
-0.00%
0.00%
$ 59.35M
$ 529.19
24
JPY Coin
JPY Coin
JPYC
$ 0.0062628
0.00%
0.00%
-0.87%
$ 55.15M
$ 43.54K
25
Brazilian Digital
Brazilian Digital
BRZ
$ 0.192179
+0.26%
-0.00%
-1.69%
$ 55.02M
$ 15.62K
26
DOLA
DOLA
DOLA
$ 0.996681
-0.01%
0.00%
+0.07%
$ 52.74M
$ 558.56K
27
XUSD
XUSD
XUSD
$ 1.0009
0.00%
0.00%
+0.01%
$ 44.61M
$ 55.73K
28
Gemini Dollar
Gemini Dollar
GUSD
$ 0.998512
-0.11%
-0.00%
-0.07%
$ 39.36M
$ 287.23K
29
Aegis YUSD
Aegis YUSD
YUSD
$ 0.998378
+0.03%
-0.00%
-0.03%
$ 35.92M
$ 2.85K
30
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.21
0.00%
0.00%
+0.83%
$ 34.67M
$ 296.19K
31
BUSD
BUSD
BUSD
$ 0.999891
+0.01%
0.00%
+0.09%
$ 34.41M
$ 10.14K
32
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.15
0.00%
0.00%
-0.86%
$ 31.93M
$ 617.59K
33
USDP
USDP
USDP
$ 0.9989
-0.06%
-0.05%
-0.12%
$ 31.93M
$ 8.16K
34
Tokenised GBP
Tokenised GBP
TGBP
$ 1.35
0.00%
-0.00%
0.00%
$ 27.76M
$ 76.46K
35
Liquity USD
Liquity USD
LUSD
$ 1.001
0.00%
-0.00%
-0.20%
$ 27.76M
$ 18.92K
36
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.004916
-0.32%
-2.09%
-1.18%
$ 27.45M
$ 29.31M
37
MetaMask USD
MetaMask USD
MUSD
$ 0.999124
0.00%
0.00%
-0.04%
$ 26.20M
$ 1.01M
38
FRAX
FRAX
FRAX
$ 0.2963
-0.30%
-0.84%
-4.29%
$ 26.15M
$ 223.11K
39
Hex Trust USD
Hex Trust USD
USDX
$ 0.985489
0.00%
--
-0.36%
$ 23.94M
$ 1.00
40
Electronic USD
Electronic USD
EUSD
$ 0.998848
-0.01%
0.00%
+0.03%
$ 22.72M
$ 225.99K
41
Stable Mint USD
Stable Mint USD
USDSM
$ 0.997964
0.00%
0.00%
-0.09%
$ 12.44M
$ 1.70K
42
USD CoinVertible
USD CoinVertible
USDCV
$ 0.999415
+0.05%
0.00%
-0.02%
$ 12.42M
$ 7.07M
43
XSGD
XSGD
XSGD
$ 0.780731
0.00%
-0.00%
-0.08%
$ 12.23M
$ 279.73K
44
USDB
USDB
USDB
$ 0.997421
+0.10%
-0.00%
-0.08%
$ 11.96M
$ 3.77K
45
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.995733
-0.01%
0.00%
-0.07%
$ 11.80M
$ 3.81
46
MAI
MAI
MIMATIC
$ 0.983397
+0.02%
-0.00%
-1.47%
$ 11.67M
$ 17.54K
47
USAT
USAT
USAT
$ 0.9996
0.00%
+0.04%
+0.01%
$ 10.00M
$ 54.02K
48
Alchemix USD
Alchemix USD
ALUSD
$ 0.952774
+0.82%
+0.01%
+0.74%
$ 9.82M
$ 124.54K
49
Rupiah Token
Rupiah Token
IDRT
$ 5.646E-5
0.00%
+3.30%
+4.11%
$ 9.82M
--
50
AxCNH
AxCNH
AXCNH
$ 0.243749
0.00%
+0.65%
+158.15%
$ 9.54M
$ 65.99

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.