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
$ 0,998669
0,00%
0,00%
-0,02%
$ 183,17B
$ 27,90B
2
USDCoin
USDCoin
USDC
$ 1,00107
0,00%
+0,03%
+0,02%
$ 74,88B
$ 43,67M
3
Sky Dollar
Sky Dollar
USDS
$ 1,0011
-0,02%
0,00%
+0,02%
$ 10,58B
$ 54,59K
4
Ethena USDe
Ethena USDe
USDE
$ 1,0012
+0,01%
+0,05%
+0,05%
$ 4,49B
$ 496,12K
5
USD1
USD1
USD1
$ 1,00014
0,00%
+0,01%
+0,03%
$ 4,39B
$ 2,28M
6
Global Dollar
Global Dollar
USDG
$ 0,999484
0,00%
0,00%
-0,03%
$ 3,40B
$ 112,14M
7
PayPal USD
PayPal USD
PYUSD
$ 0,999629
0,00%
0,00%
-0,02%
$ 2,70B
$ 46,26M
8
Ripple USD
Ripple USD
RLUSD
$ 0,999966
+0,01%
0,00%
0,00%
$ 1,45B
$ 49,07M
9
Falcon Finance
Falcon Finance
USDF
$ 0,996
-0,01%
0,00%
0,00%
$ 1,30B
$ 125,06K
10
GHO
GHO
GHO
$ 0,99801
0,00%
0,00%
-0,08%
$ 647,71M
$ 1,59M
11
Usual USD
Usual USD
USD0
$ 0,998661
-0,03%
0,00%
-0,07%
$ 552,68M
$ 898,53K
12
TrueUSD
TrueUSD
TUSD
$ 0,9966
0,00%
+0,01%
-0,02%
$ 492,83M
$ 5,61K
13
A7A5
A7A5
A7A5
$ 0,01212897
+0,26%
-0,00%
-0,64%
$ 475,75M
$ 1,46K
14
USDtb
USDtb
USDTB
$ 0,999628
0,00%
0,00%
-0,04%
$ 352,99M
$ 1,69M
15
First Digital USD
First Digital USD
FDUSD
$ 0,9979
0,00%
-0,02%
-0,03%
$ 336,81M
$ 63,98K
16
AUSD
AUSD
AUSD
$ 0,999825
0,00%
0,00%
-0,01%
$ 241,88M
$ 4,11M
17
crvUSD
crvUSD
CRVUSD
$ 0,998826
-0,01%
0,00%
-0,01%
$ 211,24M
$ 6,90M
18
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1,15
0,00%
0,00%
+0,88%
$ 154,84M
$ 6,53M
19
Frax USD
Frax USD
FRXUSD
$ 0,999564
0,00%
0,00%
-0,02%
$ 108,49M
$ 2,27M
20
Crown BRLV
Crown BRLV
BRLV
$ 0,196898
0,00%
--
+0,99%
$ 76,92M
$ 240,08
21
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0,995796
0,00%
0,00%
-0,02%
$ 75,85M
$ 6,97
22
USDX
USDX
USDX
$ 0,658313
0,00%
--
0,00%
$ 73,45M
$ 4,54K
23
JPY Coin
JPY Coin
JPYC
$ 0,00633412
+0,03%
0,00%
+4,39%
$ 55,75M
$ 116,19K
24
Brazilian Digital
Brazilian Digital
BRZ
$ 0,195695
+0,20%
+0,00%
+0,82%
$ 52,34M
$ 1,16K
25
DOLA
DOLA
DOLA
$ 0,996626
-0,01%
0,00%
+0,04%
$ 46,53M
$ 364,74K
26
XUSD
XUSD
XUSD
$ 1,0009
-0,01%
-0,01%
0,00%
$ 44,60M
$ 55,40K
27
Gemini Dollar
Gemini Dollar
GUSD
$ 0,998373
+0,01%
0,00%
-0,13%
$ 38,64M
$ 284,06K
28
Aegis YUSD
Aegis YUSD
YUSD
$ 0,998652
+0,04%
0,00%
-0,02%
$ 35,92M
$ 3,01K
29
Tokenised GBP
Tokenised GBP
TGBP
$ 1,35
0,00%
-0,00%
+1,50%
$ 34,43M
$ 91,55K
30
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1,15
0,00%
0,00%
+0,88%
$ 32,81M
$ 277,14K
31
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1,21
0,00%
+0,00%
+0,83%
$ 32,20M
$ 35,82K
32
USDP
USDP
USDP
$ 1,0003
-0,01%
+0,03%
-0,02%
$ 31,96M
$ 7,26K
33
TerraClassicUSD
TerraClassicUSD
USTC
$ 0,004983
+0,49%
+1,47%
-1,39%
$ 27,71M
$ 16,69M
34
MetaMask USD
MetaMask USD
MUSD
$ 0,999857
0,00%
0,00%
0,00%
$ 27,51M
$ 1,02M
35
Liquity USD
Liquity USD
LUSD
$ 1,005
+0,10%
0,00%
-0,10%
$ 27,50M
$ 33,37K
36
Hex Trust USD
Hex Trust USD
USDX
$ 0,993849
0,00%
0,00%
+0,57%
$ 24,14M
$ 25,42
37
FRAX
FRAX
FRAX
$ 0,2678
-2,94%
+3,33%
+3,65%
$ 23,29M
$ 288,77K
38
Electronic USD
Electronic USD
EUSD
$ 0,999769
0,00%
0,00%
-0,12%
$ 22,70M
$ 659,85K
39
Royal Euro
Royal Euro
REUR
$ 1,14
0,00%
--
0,00%
$ 17,11M
$ 6,70M
40
USD CoinVertible
USD CoinVertible
USDCV
$ 0,999454
-0,01%
0,00%
+0,04%
$ 12,42M
$ 9,39M
41
Stable Mint USD
Stable Mint USD
USDSM
$ 0,999577
-0,01%
0,00%
0,00%
$ 12,40M
$ 94,15K
42
USDB
USDB
USDB
$ 0,994958
-0,01%
-0,00%
+0,05%
$ 11,94M
$ 11,45K
43
XSGD
XSGD
XSGD
$ 0,779532
+0,04%
0,00%
+0,78%
$ 11,84M
$ 547,07K
44
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0,996021
0,00%
0,00%
+0,08%
$ 11,80M
$ 3,34
45
MAI
MAI
MIMATIC
$ 0,996054
0,00%
+0,00%
+2,12%
$ 11,78M
$ 13,24K
46
USAT
USAT
USAT
$ 0,9993
0,00%
-0,04%
-0,07%
$ 10,00M
$ 54,33K
47
Rupiah Token
Rupiah Token
IDRT
$ 5,641E-5
0,00%
0,00%
0,00%
$ 9,81M
--
48
Alchemix USD
Alchemix USD
ALUSD
$ 0,947643
0,00%
-0,00%
+2,02%
$ 9,73M
$ 22,75K
49
StablR USD
StablR USD
USDR
$ 0,4219
0,00%
-9,48%
+43,45%
$ 9,01M
$ 36,61
50
Anzen USDz
Anzen USDz
USDZ
$ 0,977697
+0,03%
+0,01%
+0,73%
$ 7,37M
$ 9,02K

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.