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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
$ 0.999518
0.00%
+0.01%
+0.02%
$ 186.46B
$ 111.72B
2
USDCoin
USDCoin
USDC
$ 1.0003
0.00%
-0.01%
-0.02%
$ 74.82B
$ 83.62M
3
Sky Dollar
Sky Dollar
USDS
$ 1.0005
+0.05%
+0.03%
+0.10%
$ 10.58B
$ 55.74K
4
Ethena USDe
Ethena USDe
USDE
$ 1.0001
0.00%
-0.07%
+0.06%
$ 4.49B
$ 1.13M
5
USD1
USD1
USD1
$ 1.00044
+0.01%
-0.04%
+0.09%
$ 4.40B
$ 8.04M
6
PayPal USD
PayPal USD
PYUSD
$ 1.0
0.00%
-0.01%
0.00%
$ 2.74B
$ 84.06M
7
Global Dollar
Global Dollar
USDG
$ 0.999933
0.00%
-0.00%
+0.01%
$ 2.70B
$ 72.45M
8
Ripple USD
Ripple USD
RLUSD
$ 0.999767
-0.01%
+0.02%
-0.02%
$ 1.65B
$ 105.60M
9
Falcon Finance
Falcon Finance
USDF
$ 0.9955
-0.01%
-0.01%
+0.01%
$ 1.30B
$ 536.33K
10
USDtb
USDtb
USDTB
$ 1.0
+0.03%
-0.06%
+0.04%
$ 916.08M
$ 17.49M
11
GHO
GHO
GHO
$ 0.999016
+0.01%
+0.01%
0.00%
$ 598.40M
$ 5.74M
12
Usual USD
Usual USD
USD0
$ 0.999046
0.00%
+0.04%
+0.03%
$ 553.05M
$ 1.27M
13
A7A5
A7A5
A7A5
$ 0.01328855
0.00%
-0.03%
+0.96%
$ 521.11M
$ 2.11K
14
TrueUSD
TrueUSD
TUSD
$ 0.9991
0.00%
0.00%
-0.05%
$ 494.12M
$ 5.59K
15
First Digital USD
First Digital USD
FDUSD
$ 0.9988
-0.01%
+0.04%
+0.07%
$ 337.11M
$ 182.85K
16
Royal Dollar
Royal Dollar
RUSD
$ 1.0
0.00%
-0.00%
+0.01%
$ 250.02M
$ 132.62M
17
crvUSD
crvUSD
CRVUSD
$ 0.999734
+0.02%
+0.03%
+0.07%
$ 208.17M
$ 33.78M
18
STASIS EURO
STASIS EURO
EURS
$ 1.21
0.00%
+0.51%
0.00%
$ 149.65M
$ 238.46
19
AUSD
AUSD
AUSD
$ 0.999883
0.00%
+0.02%
+0.03%
$ 139.66M
$ 11.25M
20
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.16
0.00%
+0.21%
+0.87%
$ 137.37M
$ 22.49M
21
Frax USD
Frax USD
FRXUSD
$ 0.999253
-0.03%
-0.01%
0.00%
$ 122.90M
$ 7.54M
22
USDX
USDX
USDX
$ 0.720666
+0.01%
+2.66%
+1.53%
$ 80.53M
$ 7.24K
23
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.997556
0.00%
-0.01%
0.00%
$ 75.71M
$ 260.17
24
Crown BRLV
Crown BRLV
BRLV
$ 0.197228
+0.11%
-0.19%
+2.21%
$ 72.91M
$ 5.54K
25
Brazilian Digital
Brazilian Digital
BRZ
$ 0.19721
+0.10%
-0.04%
+2.42%
$ 52.51M
$ 93.48K
26
DOLA
DOLA
DOLA
$ 0.996265
0.00%
+0.04%
+0.13%
$ 50.98M
$ 750.58K
27
XUSD
XUSD
XUSD
$ 1.0019
-0.14%
+0.10%
+0.16%
$ 44.64M
$ 81.30K
28
Gemini Dollar
Gemini Dollar
GUSD
$ 0.999082
0.00%
+0.01%
+0.01%
$ 39.43M
$ 300.00K
29
BUSD
BUSD
BUSD
$ 1.001
+0.10%
+0.06%
+0.55%
$ 37.94M
$ 1.48K
30
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.2
0.00%
+0.24%
0.00%
$ 37.53M
$ 384.70K
31
MetaMask USD
MetaMask USD
MUSD
$ 0.999755
+0.01%
-0.00%
+0.02%
$ 36.66M
$ 3.44M
32
Aegis YUSD
Aegis YUSD
YUSD
$ 0.998732
+0.01%
-0.15%
+0.02%
$ 36.04M
$ 9.41K
33
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.006217
-0.34%
+2.35%
-0.42%
$ 34.55M
$ 13.98M
34
USDP
USDP
USDP
$ 1
-0.01%
+0.02%
+0.01%
$ 31.96M
$ 21.51K
35
Tokenised GBP
Tokenised GBP
TGBP
$ 1.34
0.00%
+0.09%
0.00%
$ 31.65M
$ 99.21K
36
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.16
+0.87%
-0.69%
+0.87%
$ 29.90M
$ 377.10K
37
Liquity USD
Liquity USD
LUSD
$ 1.006
+0.10%
-0.05%
-0.20%
$ 28.06M
$ 141.56K
38
FRAX
FRAX
FRAX
$ 0.2849
-0.04%
+0.14%
+0.50%
$ 25.04M
$ 355.69K
39
Electronic USD
Electronic USD
EUSD
$ 0.998654
0.00%
-0.09%
+0.19%
$ 22.97M
$ 342.96K
40
Stable Mint USD
Stable Mint USD
USDSM
$ 1.001
+0.21%
+0.11%
+0.10%
$ 21.96M
$ 8.63K
41
JPY Coin
JPY Coin
JPYC
$ 0.0062286
+0.08%
-0.29%
-0.33%
$ 20.40M
$ 292.62K
42
Royal Euro
Royal Euro
REUR
$ 1.16
0.00%
+0.19%
+0.87%
$ 17.38M
$ 61.36M
43
XSGD
XSGD
XSGD
$ 0.779957
+0.01%
+0.23%
+0.40%
$ 15.39M
$ 824.92K
44
USDB
USDB
USDB
$ 0.997548
+0.17%
-0.56%
+1.01%
$ 13.47M
$ 73.91K
45
USD CoinVertible
USD CoinVertible
USDCV
$ 0.999846
+0.05%
-0.04%
+0.05%
$ 12.59M
$ 46.42M
46
MAI
MAI
MIMATIC
$ 0.989402
0.00%
+0.04%
+0.14%
$ 11.95M
$ 16.74K
47
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.996027
0.00%
+0.02%
-0.01%
$ 11.80M
$ 23.88
48
Synthetix sUSD
Synthetix sUSD
SUSD
$ 0.344512
+0.36%
-5.83%
-36.32%
$ 11.37M
$ 42.02K
49
WSPN
WSPN
WUSD
$ 0.9982
0.00%
0.00%
0.00%
$ 10.66M
$ 53.49K
50
Alchemix USD
Alchemix USD
ALUSD
$ 0.961333
+0.01%
+0.10%
+0.81%
$ 10.48M
$ 146.73K

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.