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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
$ 0.998702
-0.01%
0.00%
-0.04%
$ 183.58B
$ 42.50B
2
USDCoin
USDCoin
USDC
$ 1.00113
+0.02%
+0.03%
+0.02%
$ 74.88B
$ 55.97M
3
Sky Dollar
Sky Dollar
USDS
$ 1.0011
+0.01%
+0.01%
-0.03%
$ 10.59B
$ 57.63K
4
Ethena USDe
Ethena USDe
USDE
$ 1.0011
+0.02%
+0.01%
+0.02%
$ 4.49B
$ 485.07K
5
USD1
USD1
USD1
$ 1.00014
0.00%
+0.01%
+0.04%
$ 4.39B
$ 2.80M
6
Global Dollar
Global Dollar
USDG
$ 1.001
+0.24%
0.00%
+0.12%
$ 3.39B
$ 222.04M
7
PayPal USD
PayPal USD
PYUSD
$ 0.999587
-0.03%
0.00%
-0.02%
$ 2.68B
$ 185.44M
8
Ripple USD
Ripple USD
RLUSD
$ 0.999945
0.00%
0.00%
-0.01%
$ 1.59B
$ 138.41M
9
Falcon Finance
Falcon Finance
USDF
$ 0.9961
-0.01%
0.00%
0.00%
$ 1.30B
$ 229.67K
10
GHO
GHO
GHO
$ 0.998065
-0.02%
0.00%
-0.10%
$ 647.74M
$ 2.93M
11
Usual USD
Usual USD
USD0
$ 0.999344
0.00%
0.00%
-0.03%
$ 553.06M
$ 594.88K
12
TrueUSD
TrueUSD
TUSD
$ 0.9959
+0.01%
0.00%
-0.06%
$ 492.73M
$ 5.74K
13
A7A5
A7A5
A7A5
$ 0.01216684
-0.02%
+0.01%
-1.31%
$ 477.24M
$ 783.11
14
USDtb
USDtb
USDTB
$ 0.999594
-0.02%
0.00%
-0.04%
$ 352.65M
$ 2.04M
15
First Digital USD
First Digital USD
FDUSD
$ 0.998
-0.01%
0.00%
-0.01%
$ 336.81M
$ 67.04K
16
AUSD
AUSD
AUSD
$ 0.999521
-0.02%
0.00%
-0.03%
$ 241.95M
$ 5.00M
17
crvUSD
crvUSD
CRVUSD
$ 0.99937
+0.05%
0.00%
+0.03%
$ 212.20M
$ 21.17M
18
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.15
0.00%
-0.00%
+0.88%
$ 153.44M
$ 10.18M
19
Frax USD
Frax USD
FRXUSD
$ 0.999667
+0.03%
0.00%
-0.02%
$ 110.74M
$ 12.07M
20
Crown BRLV
Crown BRLV
BRLV
$ 0.196385
-0.16%
-0.00%
+0.02%
$ 76.70M
$ 3.78K
21
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.995823
0.00%
0.00%
-0.03%
$ 75.85M
$ 1.01
22
USDX
USDX
USDX
$ 0.658313
0.00%
--
0.00%
$ 73.45M
$ 4.54K
23
JPY Coin
JPY Coin
JPYC
$ 0.00621838
+0.21%
+0.01%
+1.92%
$ 54.75M
$ 198.23K
24
Brazilian Digital
Brazilian Digital
BRZ
$ 0.195307
-0.15%
-0.00%
+0.09%
$ 52.04M
$ 8.99K
25
DOLA
DOLA
DOLA
$ 0.996491
0.00%
0.00%
+0.03%
$ 46.12M
$ 715.87K
26
XUSD
XUSD
XUSD
$ 1.0009
-0.01%
0.00%
-0.01%
$ 44.60M
$ 55.48K
27
Gemini Dollar
Gemini Dollar
GUSD
$ 0.998142
-0.03%
0.00%
-0.06%
$ 38.54M
$ 286.66K
28
Aegis YUSD
Aegis YUSD
YUSD
$ 0.998195
-0.02%
0.00%
-0.02%
$ 35.92M
$ 81.45K
29
Tokenised GBP
Tokenised GBP
TGBP
$ 1.34
0.00%
+0.00%
+0.75%
$ 34.34M
$ 181.60K
30
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.15
0.00%
-0.00%
+0.88%
$ 32.42M
$ 679.24K
31
USDP
USDP
USDP
$ 1.0007
-0.04%
+0.04%
+0.03%
$ 31.98M
$ 5.92K
32
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.21
0.00%
+0.00%
0.00%
$ 31.45M
$ 274.25K
33
Liquity USD
Liquity USD
LUSD
$ 1.004
0.00%
0.00%
0.00%
$ 27.48M
$ 133.86K
34
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.004903
-0.83%
-1.85%
-7.10%
$ 27.27M
$ 12.43M
35
MetaMask USD
MetaMask USD
MUSD
$ 0.999788
+0.01%
0.00%
-0.02%
$ 26.80M
$ 1.08M
36
Hex Trust USD
Hex Trust USD
USDX
$ 0.998072
0.00%
--
+1.65%
$ 24.25M
$ 50.24
37
Electronic USD
Electronic USD
EUSD
$ 0.998585
-0.03%
0.00%
-0.05%
$ 22.68M
$ 505.95K
38
FRAX
FRAX
FRAX
$ 0.255
-0.27%
-0.23%
-5.79%
$ 22.54M
$ 263.48K
39
Royal Euro
Royal Euro
REUR
$ 1.14
0.00%
--
0.00%
$ 17.11M
$ 6.70M
40
USD CoinVertible
USD CoinVertible
USDCV
$ 0.999801
+0.08%
0.00%
0.00%
$ 12.41M
$ 15.73M
41
Stable Mint USD
Stable Mint USD
USDSM
$ 0.997047
-0.06%
-0.00%
-0.21%
$ 12.37M
$ 31.02K
42
USDB
USDB
USDB
$ 0.997545
+0.69%
-0.00%
+0.12%
$ 11.97M
$ 14.81K
43
MAI
MAI
MIMATIC
$ 0.992886
+0.07%
+0.00%
-0.30%
$ 11.89M
$ 25.89K
44
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.995169
-0.02%
0.00%
-0.12%
$ 11.79M
$ 0.12
45
XSGD
XSGD
XSGD
$ 0.778162
-0.09%
0.00%
+0.44%
$ 11.72M
$ 652.67K
46
StablR USD
StablR USD
USDR
$ 0.5272
-2.60%
+0.88%
+79.44%
$ 11.26M
$ 591.98
47
Alchemix USD
Alchemix USD
ALUSD
$ 0.948746
+0.02%
+0.00%
+0.70%
$ 10.01M
$ 71.03K
48
USAT
USAT
USAT
$ 0.9998
0.00%
0.00%
-0.03%
$ 10.00M
$ 49.99K
49
Rupiah Token
Rupiah Token
IDRT
$ 5.641E-5
0.00%
0.00%
+0.09%
$ 9.81M
--
50
Stable Coin
Stable Coin
SBC
$ 0.997927
-0.13%
-0.00%
-0.18%
$ 8.56M
$ 9.09K

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.