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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
1
Tether
Tether
USDT
$ 0.999786
0.00%
-0.00%
-0.01%
$ 189.65B
$ 35.02B
2
USDCoin
USDCoin
USDC
$ 0.9999
-0.01%
0.00%
-0.01%
$ 77.90B
$ 13.45M
3
Sky Dollar
Sky Dollar
USDS
$ 1
0.00%
-0.02%
+0.02%
$ 11.05B
$ 57.01K
4
USD1
USD1
USD1
$ 0.9992
0.00%
-0.04%
-0.05%
$ 4.40B
$ 3.48M
5
Dai
Dai
DAI
$ 0.999678
-0.01%
+0.04%
-0.01%
$ 4.40B
--
6
Ethena USDe
Ethena USDe
USDE
$ 1
-0.01%
+0.04%
+0.04%
$ 3.97B
$ 1.54M
7
PayPal USD
PayPal USD
PYUSD
$ 0.999719
-0.01%
+0.01%
-0.02%
$ 3.42B
$ 20.70M
8
Global Dollar
Global Dollar
USDG
$ 0.99977
-0.01%
+0.01%
-0.01%
$ 2.77B
$ 27.34M
9
Falcon Finance
Falcon Finance
USDF
$ 0.9986
+0.01%
+0.03%
+0.01%
$ 1.62B
$ 24.50K
10
Ripple USD
Ripple USD
RLUSD
$ 1.0
+0.01%
+0.01%
0.00%
$ 1.55B
$ 50.51M
11
Decentralized USD
Decentralized USD
USDD
$ 0.9985
0.00%
-0.14%
-0.07%
$ 1.47B
$ 69.33K
12
USDtb
USDtb
USDTB
$ 0.999601
0.00%
+0.01%
0.00%
$ 627.02M
$ 9.23M
13
GHO
GHO
GHO
$ 0.999628
0.00%
-0.00%
-0.02%
$ 583.77M
$ 903.59K
14
Usual USD
Usual USD
USD0
$ 0.998234
0.00%
+0.00%
0.00%
$ 557.66M
$ 89.55K
15
A7A5
A7A5
A7A5
$ 0.01284608
0.00%
-0.27%
-0.50%
$ 503.66M
$ 660.31
16
TrueUSD
TrueUSD
TUSD
$ 1
0.00%
0.00%
+0.10%
$ 494.52M
$ 5.62K
17
First Digital USD
First Digital USD
FDUSD
$ 0.9996
-0.01%
+0.04%
+0.05%
$ 399.57M
$ 150.24K
18
crvUSD
crvUSD
CRVUSD
$ 0.999878
0.00%
+0.02%
0.00%
$ 256.09M
$ 6.03M
19
Royal Dollar
Royal Dollar
RUSD
$ 0.999815
+0.03%
-0.01%
+0.03%
$ 249.94M
$ 130.70M
20
STASIS EURO
STASIS EURO
EURS
$ 1.22
0.00%
+0.41%
+0.83%
$ 150.90M
$ 1.15K
21
Frax USD
Frax USD
FRXUSD
$ 0.999726
0.00%
+0.00%
+0.01%
$ 138.78M
$ 2.67M
22
AUSD
AUSD
AUSD
$ 0.9998
-0.01%
+0.00%
0.00%
$ 137.36M
$ 24.61M
23
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.18
0.00%
-0.02%
+0.85%
$ 127.31M
$ 38.53M
24
JUSD
JUSD
JUSD
$ 0.999797
0.00%
-0.00%
-0.01%
$ 86.21M
$ 131.61K
25
XDAI
XDAI
XDAI
$ 0.999967
0.00%
+0.01%
0.00%
$ 83.84M
--
26
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.99364
-0.01%
-0.01%
-0.02%
$ 75.09M
$ 18.92
27
DOLA
DOLA
DOLA
$ 0.993545
-0.01%
+0.05%
+0.02%
$ 64.97M
$ 161.41K
28
XUSD
XUSD
XUSD
$ 1.0001
+0.01%
0.00%
0.00%
$ 63.87M
$ 54.62K
29
USDX
USDX
USDX
$ 0.544902
-0.20%
+0.06%
+1.16%
$ 60.79M
$ 2.63K
30
Crown BRLV
Crown BRLV
BRLV
$ 0.203894
0.00%
+0.03%
+0.64%
$ 54.65M
$ 1.12K
31
Brazilian Digital
Brazilian Digital
BRZ
$ 0.203373
+0.11%
-0.07%
+0.47%
$ 54.20M
$ 67.58K
32
FRAX
FRAX
FRAX
$ 0.4961
+0.36%
+0.81%
+2.98%
$ 43.85M
$ 209.73K
33
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.007762
-0.54%
+4.95%
+8.30%
$ 43.25M
$ 16.49M
34
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.19
0.00%
+0.05%
0.00%
$ 43.13M
$ 133.73K
35
USDP
USDP
USDP
$ 1.0002
0.00%
+0.01%
+0.03%
$ 40.58M
$ 7.87K
36
Gemini Dollar
Gemini Dollar
GUSD
$ 0.999599
-0.01%
+0.03%
+0.02%
$ 40.54M
$ 557.61K
37
BUSD
BUSD
BUSD
$ 0.999342
0.00%
+0.13%
+0.16%
$ 40.00M
$ 11.44K
38
Aegis YUSD
Aegis YUSD
YUSD
$ 0.990822
-0.05%
-0.73%
+0.02%
$ 35.71M
$ 1.70K
39
MetaMask USD
MetaMask USD
MUSD
$ 1.0
+0.01%
+0.01%
-0.10%
$ 32.30M
$ 4.54M
40
Tokenised GBP
Tokenised GBP
TGBP
$ 1.36
0.00%
+0.09%
0.00%
$ 31.11M
$ 45.47K
41
Liquity USD
Liquity USD
LUSD
$ 1.003
0.00%
+0.17%
+0.20%
$ 28.74M
$ 25.43K
42
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.18
0.00%
+0.21%
+0.85%
$ 28.63M
$ 19.63K
43
Synthetix sUSD
Synthetix sUSD
SUSD
$ 0.722663
-0.01%
+0.29%
-0.10%
$ 23.76M
$ 11.51K
44
Electronic USD
Electronic USD
EUSD
$ 0.999814
0.00%
+0.06%
-0.32%
$ 23.00M
$ 105.83K
45
JPY Coin
JPY Coin
JPYC
$ 0.00637446
-0.01%
+0.70%
+0.46%
$ 20.88M
$ 190.75K
46
USD CoinVertible
USD CoinVertible
USDCV
$ 0.999166
-0.04%
-0.01%
-0.01%
$ 20.15M
$ 5.31M
47
USDB
USDB
USDB
$ 1.001
-0.30%
-0.28%
+0.10%
$ 19.24M
$ 21.82K
48
Royal Euro
Royal Euro
REUR
$ 1.18
0.00%
+0.04%
+0.85%
$ 17.67M
$ 59.00M
49
Alchemix USD
Alchemix USD
ALUSD
$ 0.973484
-0.01%
+0.19%
-0.15%
$ 14.51M
$ 17.08K
50
XSGD
XSGD
XSGD
$ 0.789013
-0.03%
-0.07%
+0.12%
$ 14.48M
$ 340.81K

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.