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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
$ 0.999836
0.00%
-0.00%
-0.01%
$ 189.66B
$ 56.57B
2
USDCoin
USDCoin
USDC
$ 1
-0.01%
-0.01%
-0.01%
$ 77.90B
$ 21.23M
3
Sky Dollar
Sky Dollar
USDS
$ 1
-0.01%
0.00%
+0.03%
$ 11.06B
$ 55.85K
4
USD1
USD1
USD1
$ 0.9995
-0.01%
-0.02%
-0.03%
$ 4.41B
$ 4.83M
5
Dai
Dai
DAI
$ 0.999678
-0.01%
+0.04%
-0.01%
$ 4.40B
--
6
Ethena USDe
Ethena USDe
USDE
$ 0.9996
-0.01%
+0.01%
+0.02%
$ 3.96B
$ 1.59M
7
PayPal USD
PayPal USD
PYUSD
$ 0.999824
-0.01%
+0.01%
-0.01%
$ 3.42B
$ 44.55M
8
Global Dollar
Global Dollar
USDG
$ 0.999839
-0.01%
+0.01%
0.00%
$ 2.77B
$ 36.98M
9
Falcon Finance
Falcon Finance
USDF
$ 0.9987
+0.02%
0.00%
+0.02%
$ 1.62B
$ 92.68K
10
Ripple USD
Ripple USD
RLUSD
$ 1.0
0.00%
-0.00%
0.00%
$ 1.55B
$ 83.20M
11
Decentralized USD
Decentralized USD
USDD
$ 0.9996
0.00%
-0.03%
+0.04%
$ 1.47B
$ 53.76K
12
USDtb
USDtb
USDTB
$ 1.021
0.00%
+2.16%
+2.14%
$ 640.40M
$ 6.67M
13
GHO
GHO
GHO
$ 0.999809
0.00%
+0.01%
0.00%
$ 583.88M
$ 1.20M
14
Usual USD
Usual USD
USD0
$ 0.998352
+0.02%
+0.03%
+0.01%
$ 557.56M
$ 420.87K
15
A7A5
A7A5
A7A5
$ 0.01301223
0.00%
+0.18%
+0.79%
$ 510.18M
$ 1.05K
16
TrueUSD
TrueUSD
TUSD
$ 1
0.00%
-0.01%
+0.09%
$ 494.47M
$ 5.62K
17
First Digital USD
First Digital USD
FDUSD
$ 0.9994
+0.02%
-0.01%
+0.03%
$ 399.49M
$ 254.82K
18
crvUSD
crvUSD
CRVUSD
$ 0.999769
-0.01%
+0.06%
-0.01%
$ 256.04M
$ 6.72M
19
Royal Dollar
Royal Dollar
RUSD
$ 0.999699
+0.01%
-0.00%
+0.01%
$ 249.96M
$ 132.32M
20
STASIS EURO
STASIS EURO
EURS
$ 1.22
0.00%
+0.54%
+0.83%
$ 151.64M
$ 2.39K
21
Frax USD
Frax USD
FRXUSD
$ 0.999883
0.00%
+0.02%
+0.02%
$ 138.86M
$ 2.80M
22
AUSD
AUSD
AUSD
$ 1.0
+0.01%
+0.02%
+0.02%
$ 137.36M
$ 10.78M
23
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.18
0.00%
-0.16%
+0.85%
$ 127.11M
$ 66.44M
24
JUSD
JUSD
JUSD
$ 0.999846
0.00%
+0.00%
0.00%
$ 86.21M
$ 136.43K
25
XDAI
XDAI
XDAI
$ 0.999967
0.00%
+0.01%
0.00%
$ 83.84M
--
26
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.993692
0.00%
+0.00%
-0.01%
$ 75.12M
$ 17.89
27
DOLA
DOLA
DOLA
$ 0.993853
0.00%
+0.05%
+0.05%
$ 64.99M
$ 228.72K
28
XUSD
XUSD
XUSD
$ 1.0001
+0.01%
0.00%
0.00%
$ 63.87M
$ 62.93K
29
USDX
USDX
USDX
$ 0.552127
-0.23%
+1.23%
+2.50%
$ 61.58M
$ 3.51K
30
Crown BRLV
Crown BRLV
BRLV
$ 0.203894
0.00%
+0.00%
+0.64%
$ 54.65M
$ 1.12K
31
Brazilian Digital
Brazilian Digital
BRZ
$ 0.203355
0.00%
-0.01%
+0.46%
$ 54.20M
$ 49.67K
32
FRAX
FRAX
FRAX
$ 0.4987
+0.10%
+0.64%
+3.71%
$ 44.16M
$ 138.75K
33
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.2
0.00%
+0.19%
+0.84%
$ 43.32M
$ 90.58K
34
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.007513
+0.23%
+2.15%
+5.54%
$ 42.15M
$ 20.81M
35
USDP
USDP
USDP
$ 1.0001
-0.01%
+0.01%
+0.02%
$ 40.57M
$ 9.43K
36
Gemini Dollar
Gemini Dollar
GUSD
$ 0.999435
+0.01%
+0.03%
+0.01%
$ 40.53M
$ 312.17K
37
BUSD
BUSD
BUSD
$ 0.998207
+0.01%
-0.19%
+0.05%
$ 39.95M
$ 8.92K
38
Aegis YUSD
Aegis YUSD
YUSD
$ 0.999098
0.00%
+0.04%
+0.85%
$ 36.04M
$ 1.39K
39
MetaMask USD
MetaMask USD
MUSD
$ 0.999672
-0.03%
-0.03%
-0.13%
$ 33.29M
$ 10.48M
40
Tokenised GBP
Tokenised GBP
TGBP
$ 1.36
0.00%
+0.03%
0.00%
$ 31.10M
$ 11.78K
41
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.18
0.00%
+0.05%
+0.85%
$ 29.14M
$ 45.83K
42
Liquity USD
Liquity USD
LUSD
$ 1.002
-0.10%
+0.07%
+0.10%
$ 28.70M
$ 24.14K
43
Synthetix sUSD
Synthetix sUSD
SUSD
$ 0.716605
-0.01%
+1.15%
-0.93%
$ 23.55M
$ 25.66K
44
Electronic USD
Electronic USD
EUSD
$ 0.99983
-0.02%
+0.05%
-0.32%
$ 23.00M
$ 107.42K
45
JPY Coin
JPY Coin
JPYC
$ 0.00636696
0.00%
-0.05%
+0.34%
$ 20.85M
$ 154.79K
46
USD CoinVertible
USD CoinVertible
USDCV
$ 0.99924
-0.01%
+0.06%
0.00%
$ 20.15M
$ 19.60M
47
USDB
USDB
USDB
$ 1.009
-0.39%
+0.77%
+0.90%
$ 19.21M
$ 38.51K
48
Royal Euro
Royal Euro
REUR
$ 1.18
0.00%
-0.16%
+0.85%
$ 17.65M
$ 58.98M
49
Alchemix USD
Alchemix USD
ALUSD
$ 0.975962
-0.12%
+0.53%
+0.10%
$ 14.54M
$ 101.94K
50
XSGD
XSGD
XSGD
$ 0.788846
-0.05%
-0.08%
+0.10%
$ 14.48M
$ 548.46K

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.