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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
$ 0.998991
0.00%
0.00%
+0.01%
$ 183.37B
$ 36.67B
2
USDCoin
USDCoin
USDC
$ 1.00089
0.00%
+0.02%
+0.01%
$ 74.87B
$ 59.52M
3
Sky Dollar
Sky Dollar
USDS
$ 1.001
0.00%
+0.03%
-0.03%
$ 10.58B
$ 56.81K
4
Ethena USDe
Ethena USDe
USDE
$ 1.0009
-0.01%
+0.02%
0.00%
$ 4.49B
$ 979.73K
5
USD1
USD1
USD1
$ 1.00039
0.00%
0.00%
+0.03%
$ 4.40B
$ 4.93M
6
Global Dollar
Global Dollar
USDG
$ 1.001
+0.14%
0.00%
+0.16%
$ 3.49B
$ 256.13M
7
PayPal USD
PayPal USD
PYUSD
$ 0.999507
0.00%
0.00%
-0.02%
$ 2.72B
$ 118.25M
8
Ripple USD
Ripple USD
RLUSD
$ 1.0
0.00%
0.00%
0.00%
$ 1.59B
$ 113.65M
9
Falcon Finance
Falcon Finance
USDF
$ 0.9961
0.00%
+0.01%
0.00%
$ 1.30B
$ 216.90K
10
GHO
GHO
GHO
$ 0.997463
+0.01%
0.00%
-0.10%
$ 697.23M
$ 2.86M
11
Usual USD
Usual USD
USD0
$ 0.998564
+0.01%
0.00%
-0.08%
$ 552.31M
$ 5.40M
12
TrueUSD
TrueUSD
TUSD
$ 0.9962
0.00%
-0.01%
-0.02%
$ 492.69M
$ 5.70K
13
A7A5
A7A5
A7A5
$ 0.01228518
0.00%
-0.00%
+0.69%
$ 481.90M
$ 3.80K
14
USDtb
USDtb
USDTB
$ 0.999132
0.00%
0.00%
-0.06%
$ 352.92M
$ 758.98K
15
First Digital USD
First Digital USD
FDUSD
$ 0.9983
-0.01%
+0.01%
+0.01%
$ 336.91M
$ 77.65K
16
AUSD
AUSD
AUSD
$ 0.999184
+0.01%
0.00%
-0.05%
$ 213.51M
$ 5.08M
17
crvUSD
crvUSD
CRVUSD
$ 0.999137
+0.02%
0.00%
+0.01%
$ 212.90M
$ 8.22M
18
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.15
0.00%
0.00%
0.00%
$ 159.52M
$ 13.00M
19
Frax USD
Frax USD
FRXUSD
$ 0.999779
+0.01%
0.00%
+0.01%
$ 108.64M
$ 4.72M
20
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.995223
0.00%
0.00%
-0.06%
$ 75.84M
$ 1.09
21
USDX
USDX
USDX
$ 0.671199
0.00%
--
+1.96%
$ 74.88M
$ 4.63K
22
Crown BRLV
Crown BRLV
BRLV
$ 0.194981
+0.01%
+0.00%
-1.33%
$ 72.94M
$ 5.12K
23
Royal Euro
Royal Euro
REUR
$ 4.13
0.00%
--
+262.28%
$ 62.01M
$ 19.80M
24
AllUnity CHF
AllUnity CHF
CHFAU
$ 1.24
0.00%
0.00%
0.00%
$ 59.70M
$ 506.54
25
Brazilian Digital
Brazilian Digital
BRZ
$ 0.193753
+0.07%
+0.01%
-1.00%
$ 56.08M
$ 82.63K
26
JPY Coin
JPY Coin
JPYC
$ 0.0063092
0.00%
+0.00%
+1.76%
$ 55.55M
$ 65.25K
27
DOLA
DOLA
DOLA
$ 0.995779
-0.02%
0.00%
-0.09%
$ 47.47M
$ 359.04K
28
XUSD
XUSD
XUSD
$ 1.001
+0.01%
0.00%
0.00%
$ 44.61M
$ 56.22K
29
Gemini Dollar
Gemini Dollar
GUSD
$ 0.999571
-0.14%
0.00%
+0.09%
$ 39.32M
$ 637.37K
30
Aegis YUSD
Aegis YUSD
YUSD
$ 0.998015
+0.06%
0.00%
-0.05%
$ 35.91M
$ 3.20K
31
Tokenised GBP
Tokenised GBP
TGBP
$ 1.35
0.00%
0.00%
+0.75%
$ 34.44M
$ 22.07K
32
BUSD
BUSD
BUSD
$ 0.997969
-0.02%
0.00%
+1,863.50%
$ 34.35M
$ 78.45K
33
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.15
0.00%
0.00%
0.00%
$ 32.76M
$ 817.58K
34
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.2
0.00%
0.00%
-0.83%
$ 32.15M
$ 404.06K
35
USDP
USDP
USDP
$ 1.0004
0.00%
+0.03%
-0.07%
$ 31.97M
$ 5.46K
36
Liquity USD
Liquity USD
LUSD
$ 1.003
0.00%
-0.00%
-0.30%
$ 27.87M
$ 481.60K
37
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.004949
+0.06%
-0.66%
+0.71%
$ 27.70M
$ 12.42M
38
MetaMask USD
MetaMask USD
MUSD
$ 0.998999
0.00%
0.00%
-0.07%
$ 27.59M
$ 5.61M
39
FRAX
FRAX
FRAX
$ 0.2991
+0.48%
+8.34%
+14.47%
$ 25.90M
$ 277.23K
40
Hex Trust USD
Hex Trust USD
USDX
$ 0.990889
0.00%
-0.00%
-0.72%
$ 24.07M
$ 272.40
41
Electronic USD
Electronic USD
EUSD
$ 0.998823
0.00%
0.00%
-0.01%
$ 23.20M
$ 147.28K
42
USD CoinVertible
USD CoinVertible
USDCV
$ 0.998938
-0.01%
0.00%
-0.04%
$ 12.41M
$ 10.82M
43
Stable Mint USD
Stable Mint USD
USDSM
$ 0.998218
0.00%
--
-0.04%
$ 12.40M
$ 5.06K
44
XSGD
XSGD
XSGD
$ 0.780267
-0.06%
0.00%
+0.18%
$ 12.20M
$ 430.49K
45
USDB
USDB
USDB
$ 0.996244
-0.05%
0.00%
+0.44%
$ 11.96M
$ 9.22K
46
MAI
MAI
MIMATIC
$ 0.999513
0.00%
+0.00%
+0.63%
$ 11.82M
$ 4.52K
47
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.996391
0.00%
0.00%
+0.10%
$ 11.80M
$ 0.01
48
USAT
USAT
USAT
$ 0.9996
0.00%
-0.02%
-0.02%
$ 10.00M
$ 54.54K
49
Alchemix USD
Alchemix USD
ALUSD
$ 0.94927
+0.11%
0.00%
-0.02%
$ 9.73M
$ 39.24K
50
Rupiah Token
Rupiah Token
IDRT
$ 5.469E-5
+0.02%
-0.60%
-3.05%
$ 9.51M
--

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.