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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
$ 0.998716
0.00%
-0.00%
-0.07%
$ 186.19B
$ 37.65B
2
USDCoin
USDCoin
USDC
$ 1.00094
0.00%
0.00%
+0.05%
$ 74.87B
$ 34.12M
3
Sky Dollar
Sky Dollar
USDS
$ 1.0009
-0.01%
-0.01%
+0.01%
$ 10.58B
$ 53.91K
4
Ethena USDe
Ethena USDe
USDE
$ 0.9996
0.00%
0.00%
-0.01%
$ 4.49B
$ 18.56M
5
USD1
USD1
USD1
$ 1.00017
0.00%
-0.08%
-0.04%
$ 4.39B
$ 5.96M
6
Global Dollar
Global Dollar
USDG
$ 0.999983
+0.03%
-0.00%
0.00%
$ 2.81B
$ 41.88M
7
PayPal USD
PayPal USD
PYUSD
$ 0.999898
0.00%
+0.00%
+0.01%
$ 2.75B
$ 46.88M
8
Ripple USD
Ripple USD
RLUSD
$ 1.0
+0.01%
-0.00%
0.00%
$ 1.63B
$ 24.83M
9
Falcon Finance
Falcon Finance
USDF
$ 0.9949
+0.01%
+0.01%
+0.10%
$ 1.30B
$ 317.58K
10
USDtb
USDtb
USDTB
$ 0.999648
-0.01%
+0.02%
-0.01%
$ 916.36M
$ 1.50M
11
GHO
GHO
GHO
$ 0.998181
-0.01%
+0.01%
-0.07%
$ 597.90M
$ 1.49M
12
Usual USD
Usual USD
USD0
$ 0.999017
0.00%
-0.01%
0.00%
$ 553.03M
$ 1.73M
13
A7A5
A7A5
A7A5
$ 0.01301652
+1.30%
-0.26%
-1.67%
$ 510.45M
$ 662.88
14
TrueUSD
TrueUSD
TUSD
$ 0.9992
0.00%
-0.01%
+0.02%
$ 494.17M
$ 5.66K
15
First Digital USD
First Digital USD
FDUSD
$ 0.9996
-0.01%
+0.03%
+0.06%
$ 337.38M
$ 62.15K
16
Royal Dollar
Royal Dollar
RUSD
$ 1.0
+0.02%
-0.02%
0.00%
$ 249.94M
$ 129.66M
17
crvUSD
crvUSD
CRVUSD
$ 0.998971
+0.02%
+0.03%
-0.05%
$ 207.54M
$ 8.40M
18
AUSD
AUSD
AUSD
$ 0.999661
-0.03%
+0.01%
-0.03%
$ 148.22M
$ 22.12M
19
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.14
0.00%
-0.11%
-1.72%
$ 135.40M
$ 18.99M
20
Frax USD
Frax USD
FRXUSD
$ 0.999744
+0.01%
-0.02%
0.00%
$ 115.72M
$ 2.06M
21
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.997373
0.00%
-0.00%
-0.02%
$ 75.70M
$ 11.98
22
USDX
USDX
USDX
$ 0.671946
+0.61%
-2.75%
-7.49%
$ 74.97M
$ 8.87K
23
Crown BRLV
Crown BRLV
BRLV
$ 0.19401
-0.09%
+0.14%
-1.87%
$ 71.68M
$ 415.70
24
Brazilian Digital
Brazilian Digital
BRZ
$ 0.193675
+0.01%
-0.03%
-1.79%
$ 51.56M
$ 9.26K
25
DOLA
DOLA
DOLA
$ 0.995806
+0.02%
+0.06%
-0.08%
$ 49.72M
$ 268.19K
26
XUSD
XUSD
XUSD
$ 1.001
+0.01%
+0.13%
+0.03%
$ 44.61M
$ 55.61K
27
Gemini Dollar
Gemini Dollar
GUSD
$ 0.998279
0.00%
+0.01%
-0.08%
$ 39.38M
$ 274.96K
28
BUSD
BUSD
BUSD
$ 0.999425
+0.03%
+0.07%
-0.05%
$ 37.82M
$ 290.51
29
MetaMask USD
MetaMask USD
MUSD
$ 0.998895
+0.12%
-0.19%
-0.09%
$ 36.14M
$ 53.63M
30
Aegis YUSD
Aegis YUSD
YUSD
$ 0.998235
0.00%
-0.00%
-0.03%
$ 36.01M
$ 3.32K
31
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.2
-0.83%
-0.06%
0.00%
$ 35.63M
$ 191.51K
32
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.005886
+0.34%
-0.10%
-4.63%
$ 32.64M
$ 18.14M
33
USDP
USDP
USDP
$ 1.0006
+0.01%
-0.03%
-0.02%
$ 31.96M
$ 32.87K
34
Tokenised GBP
Tokenised GBP
TGBP
$ 1.32
0.00%
-0.14%
-1.49%
$ 31.17M
$ 23.67K
35
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.15
0.00%
-0.21%
-0.86%
$ 29.28M
$ 315.94K
36
Liquity USD
Liquity USD
LUSD
$ 1.005
+0.10%
-0.57%
-0.30%
$ 28.12M
$ 11.58K
37
FRAX
FRAX
FRAX
$ 0.2685
+0.07%
-0.04%
-4.74%
$ 23.75M
$ 255.68K
38
Electronic USD
Electronic USD
EUSD
$ 0.999004
+0.03%
+0.16%
0.00%
$ 23.33M
$ 282.06K
39
Stable Mint USD
Stable Mint USD
USDSM
$ 1.0
0.00%
-0.02%
+0.01%
$ 21.94M
$ 7.33K
40
JPY Coin
JPY Coin
JPYC
$ 0.00618237
+0.03%
-0.05%
-0.86%
$ 20.25M
$ 174.62K
41
Royal Euro
Royal Euro
REUR
$ 1.15
0.00%
-0.06%
-0.86%
$ 17.18M
$ 61.34M
42
USDB
USDB
USDB
$ 1.002
+0.75%
-0.52%
-0.20%
$ 13.17M
$ 29.66K
43
USD CoinVertible
USD CoinVertible
USDCV
$ 0.998618
-0.06%
-0.02%
-0.02%
$ 12.59M
$ 21.70M
44
MAI
MAI
MIMATIC
$ 0.989924
+0.07%
-0.05%
+0.03%
$ 11.93M
$ 8.80K
45
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.99553
0.00%
-0.06%
-0.09%
$ 11.79M
$ 10.98
46
XSGD
XSGD
XSGD
$ 0.772722
+0.02%
-0.30%
-0.74%
$ 11.54M
$ 390.53K
47
Synthetix sUSD
Synthetix sUSD
SUSD
$ 0.24356
-1.33%
+0.86%
-28.26%
$ 11.37M
$ 6.05K
48
WSPN
WSPN
WUSD
$ 0.9965
-0.01%
-0.01%
-0.18%
$ 10.64M
$ 53.63K
49
Alchemix USD
Alchemix USD
ALUSD
$ 0.963111
+0.03%
+0.21%
+0.16%
$ 10.35M
$ 97.00K
50
USAT
USAT
USAT
$ 1
+0.01%
+0.01%
+0.07%
$ 10.00M
$ 57.39K

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.