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
$ 0.998951
0.00%
-0.00%
-0.07%
$ 189.64B
$ 53.10B
2
USDCoin
USDCoin
USDC
$ 1.00067
0.00%
+0.01%
+0.04%
$ 76.34B
$ 93.60M
3
Sky Dollar
Sky Dollar
USDS
$ 1.0006
-0.02%
0.00%
+0.05%
$ 10.73B
$ 54.58K
4
USD1
USD1
USD1
$ 1.00088
0.00%
+0.03%
+0.11%
$ 4.66B
$ 16.82M
5
Ethena USDe
Ethena USDe
USDE
$ 1.0002
+0.04%
-0.04%
0.00%
$ 4.45B
$ 4.20M
6
PayPal USD
PayPal USD
PYUSD
$ 0.999871
-0.01%
+0.03%
+0.02%
$ 3.64B
$ 29.66M
7
Global Dollar
Global Dollar
USDG
$ 0.99972
-0.01%
+0.01%
-0.01%
$ 2.69B
$ 67.14M
8
Ripple USD
Ripple USD
RLUSD
$ 1.0
0.00%
+0.01%
0.00%
$ 1.75B
$ 126.23M
9
Falcon Finance
Falcon Finance
USDF
$ 0.9985
0.00%
0.00%
-0.03%
$ 1.62B
$ 107.72K
10
USDtb
USDtb
USDTB
$ 0.999282
+0.03%
-0.00%
+0.03%
$ 1.08B
$ 824.14K
11
GHO
GHO
GHO
$ 0.998916
0.00%
+0.00%
-0.04%
$ 583.34M
$ 3.12M
12
Usual USD
Usual USD
USD0
$ 0.998379
-0.01%
+0.04%
+0.01%
$ 554.69M
$ 1.23M
13
A7A5
A7A5
A7A5
$ 0.01289947
-0.43%
-1.89%
+0.87%
$ 505.78M
$ 9.41K
14
TrueUSD
TrueUSD
TUSD
$ 0.9998
+0.01%
0.00%
-0.01%
$ 494.42M
$ 5.65K
15
First Digital USD
First Digital USD
FDUSD
$ 0.999
0.00%
+0.05%
+0.09%
$ 373.91M
$ 169.87K
16
Royal Dollar
Royal Dollar
RUSD
$ 0.999705
0.00%
-0.01%
+0.01%
$ 249.98M
$ 130.49M
17
crvUSD
crvUSD
CRVUSD
$ 0.99947
+0.02%
+0.06%
-0.05%
$ 223.67M
$ 16.63M
18
STASIS EURO
STASIS EURO
EURS
$ 1.22
0.00%
-1.65%
0.00%
$ 151.83M
$ 2.96K
19
Frax USD
Frax USD
FRXUSD
$ 0.999649
0.00%
-0.00%
+0.04%
$ 133.75M
$ 4.66M
20
AUSD
AUSD
AUSD
$ 0.999667
+0.01%
-0.00%
0.00%
$ 132.89M
$ 45.57M
21
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.16
0.00%
-0.02%
0.00%
$ 123.05M
$ 41.89M
22
JUSD
JUSD
JUSD
$ 0.998932
0.00%
-0.00%
-0.07%
$ 86.13M
$ 136.66K
23
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.994869
0.00%
+0.19%
-0.02%
$ 75.28M
$ 17.95
24
Crown BRLV
Crown BRLV
BRLV
$ 0.19905
-0.01%
+0.48%
+0.88%
$ 73.53M
$ 4.37K
25
USDX
USDX
USDX
$ 0.608237
+0.02%
-0.15%
+7.30%
$ 67.87M
$ 43.37K
26
DOLA
DOLA
DOLA
$ 0.993418
+0.01%
-0.06%
+0.23%
$ 64.16M
$ 287.47K
27
XUSD
XUSD
XUSD
$ 1.0007
0.00%
0.00%
+0.05%
$ 53.89M
$ 56.82K
28
Brazilian Digital
Brazilian Digital
BRZ
$ 0.198605
0.00%
+0.33%
+0.72%
$ 52.89M
$ 176.74K
29
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.2
0.00%
+0.14%
0.00%
$ 43.77M
$ 372.64K
30
USDP
USDP
USDP
$ 1.0005
+0.02%
+0.03%
+0.07%
$ 40.59M
$ 18.92K
31
Gemini Dollar
Gemini Dollar
GUSD
$ 1.0
0.00%
-0.01%
+0.08%
$ 40.27M
$ 736.56K
32
BUSD
BUSD
BUSD
$ 0.998963
+0.01%
-0.06%
+0.15%
$ 37.80M
$ 4.22K
33
FRAX
FRAX
FRAX
$ 0.4166
-0.12%
+0.41%
-5.71%
$ 36.73M
$ 141.49K
34
Aegis YUSD
Aegis YUSD
YUSD
$ 0.998472
0.00%
-0.00%
+0.57%
$ 35.91M
$ 177.82K
35
MetaMask USD
MetaMask USD
MUSD
$ 0.999599
-0.01%
+0.01%
-0.02%
$ 35.32M
$ 4.15M
36
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.00629
+0.05%
-1.11%
-0.74%
$ 34.92M
$ 15.20M
37
Tokenised GBP
Tokenised GBP
TGBP
$ 1.34
0.00%
+0.18%
0.00%
$ 32.22M
$ 83.13K
38
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.16
0.00%
-0.19%
0.00%
$ 29.35M
$ 234.82K
39
Liquity USD
Liquity USD
LUSD
$ 1.002
-0.10%
+0.00%
0.00%
$ 28.67M
$ 96.09K
40
Electronic USD
Electronic USD
EUSD
$ 0.998387
+0.02%
-0.06%
-0.16%
$ 22.97M
$ 356.61K
41
Synthetix sUSD
Synthetix sUSD
SUSD
$ 0.672131
+0.10%
-3.42%
+3.08%
$ 22.08M
$ 39.76K
42
JPY Coin
JPY Coin
JPYC
$ 0.00624585
-0.02%
-0.27%
-0.54%
$ 20.46M
$ 351.02K
43
Royal Euro
Royal Euro
REUR
$ 1.16
0.00%
+0.12%
0.00%
$ 17.38M
$ 59.93M
44
USDB
USDB
USDB
$ 0.993872
-0.07%
-0.76%
-0.05%
$ 15.86M
$ 17.15K
45
XSGD
XSGD
XSGD
$ 0.781719
-0.05%
+0.10%
+0.01%
$ 15.24M
$ 869.88K
46
USD CoinVertible
USD CoinVertible
USDCV
$ 0.998917
-0.02%
-0.04%
-0.03%
$ 12.89M
$ 15.88M
47
Alchemix USD
Alchemix USD
ALUSD
$ 0.967217
-0.01%
-0.00%
+0.29%
$ 12.32M
$ 27.28K
48
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.995135
-0.01%
-0.11%
-0.09%
$ 11.78M
$ 9.51
49
MAI
MAI
MIMATIC
$ 0.982504
-0.01%
-0.09%
-0.23%
$ 11.64M
$ 6.32K
50
WSPN
WSPN
WUSD
$ 0.998
-0.01%
0.00%
-0.01%
$ 11.59M
$ 53.65K

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.