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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
$ 0.998856
0.00%
-0.00%
-0.06%
$ 189.63B
$ 49.88B
2
USDCoin
USDCoin
USDC
$ 1.00082
0.00%
+0.01%
+0.05%
$ 77.05B
$ 71.91M
3
Sky Dollar
Sky Dollar
USDS
$ 1.0006
0.00%
+0.01%
+0.04%
$ 10.28B
$ 55.33K
4
USD1
USD1
USD1
$ 1.00049
0.00%
-0.04%
+0.01%
$ 4.73B
$ 11.34M
5
Ethena USDe
Ethena USDe
USDE
$ 1.0001
-0.01%
-0.02%
-0.03%
$ 4.45B
$ 5.90M
6
PayPal USD
PayPal USD
PYUSD
$ 0.999741
0.00%
-0.00%
+0.01%
$ 3.59B
$ 123.17M
7
Global Dollar
Global Dollar
USDG
$ 0.999784
0.00%
+0.01%
+0.01%
$ 2.69B
$ 100.71M
8
Ripple USD
Ripple USD
RLUSD
$ 0.999938
0.00%
-0.00%
+0.01%
$ 1.75B
$ 103.58M
9
Falcon Finance
Falcon Finance
USDF
$ 0.9985
+0.01%
0.00%
-0.01%
$ 1.62B
$ 101.91K
10
USDtb
USDtb
USDTB
$ 0.999077
+0.03%
-0.03%
-0.02%
$ 1.08B
$ 2.12M
11
GHO
GHO
GHO
$ 0.998896
0.00%
-0.00%
-0.04%
$ 583.35M
$ 2.72M
12
Usual USD
Usual USD
USD0
$ 0.998537
+0.02%
-0.02%
+0.03%
$ 554.62M
$ 460.57K
13
A7A5
A7A5
A7A5
$ 0.01289769
0.00%
-0.23%
-0.08%
$ 505.72M
$ 4.09K
14
TrueUSD
TrueUSD
TUSD
$ 0.9998
+0.01%
+0.01%
-0.01%
$ 494.42M
$ 5.62K
15
First Digital USD
First Digital USD
FDUSD
$ 0.999
-0.01%
-0.04%
+0.07%
$ 376.73M
$ 323.00K
16
Royal Dollar
Royal Dollar
RUSD
$ 1.0
+0.01%
-0.02%
+0.01%
$ 249.99M
$ 132.01M
17
crvUSD
crvUSD
CRVUSD
$ 0.99935
+0.02%
-0.03%
0.00%
$ 224.48M
$ 9.42M
18
STASIS EURO
STASIS EURO
EURS
$ 1.21
-0.82%
-0.34%
0.00%
$ 149.87M
$ 1.74K
19
Frax USD
Frax USD
FRXUSD
$ 0.999535
-0.03%
+0.04%
-0.01%
$ 134.33M
$ 4.68M
20
AUSD
AUSD
AUSD
$ 0.999611
0.00%
-0.01%
-0.02%
$ 133.01M
$ 46.24M
21
EUR CoinVertible
EUR CoinVertible
EURCV
$ 1.16
0.00%
+0.06%
0.00%
$ 123.34M
$ 44.65M
22
JUSD
JUSD
JUSD
$ 0.998874
0.00%
-0.00%
-0.06%
$ 86.13M
$ 137.16K
23
Cygnus Finance Global USD
Cygnus Finance Global USD
CGUSD
$ 0.992897
+0.01%
-0.18%
-0.02%
$ 75.14M
$ 18.40
24
Crown BRLV
Crown BRLV
BRLV
$ 0.199695
+0.01%
-0.12%
+1.30%
$ 73.79M
$ 4.84K
25
USDX
USDX
USDX
$ 0.621525
+0.12%
+1.53%
+12.06%
$ 69.34M
$ 2.88K
26
DOLA
DOLA
DOLA
$ 0.993406
+0.04%
-0.08%
+0.07%
$ 64.11M
$ 123.83K
27
XUSD
XUSD
XUSD
$ 1.0006
0.00%
-0.01%
+0.06%
$ 62.25M
$ 54.88K
28
Brazilian Digital
Brazilian Digital
BRZ
$ 0.19933
+0.01%
-0.01%
+1.34%
$ 53.07M
$ 145.13K
29
Frax Staked frxUSD
Frax Staked frxUSD
SFRXUSD
$ 1.2
0.00%
-0.11%
0.00%
$ 43.62M
$ 831.27K
30
USDP
USDP
USDP
$ 1.0004
-0.01%
0.00%
+0.01%
$ 40.59M
$ 9.96K
31
Gemini Dollar
Gemini Dollar
GUSD
$ 0.999435
0.00%
+0.02%
+0.05%
$ 40.34M
$ 597.69K
32
FRAX
FRAX
FRAX
$ 0.4254
-0.14%
+3.01%
+0.75%
$ 38.02M
$ 159.02K
33
BUSD
BUSD
BUSD
$ 0.998599
+0.02%
-0.04%
+0.03%
$ 37.78M
$ 1.39K
34
Aegis YUSD
Aegis YUSD
YUSD
$ 0.998386
+0.93%
-0.92%
+0.46%
$ 35.91M
$ 13.68
35
TerraClassicUSD
TerraClassicUSD
USTC
$ 0.006376
-0.58%
+0.82%
+0.79%
$ 35.59M
$ 14.46M
36
MetaMask USD
MetaMask USD
MUSD
$ 0.99955
0.00%
-0.00%
-0.01%
$ 32.58M
$ 4.25M
37
Tokenised GBP
Tokenised GBP
TGBP
$ 1.34
0.00%
+0.05%
+0.75%
$ 32.19M
$ 74.37K
38
Monerium EUR emoney
Monerium EUR emoney
EURE
$ 1.15
-0.86%
+0.05%
0.00%
$ 29.44M
$ 205.85K
39
Liquity USD
Liquity USD
LUSD
$ 1.003
0.00%
+0.07%
+0.10%
$ 28.61M
$ 305.46K
40
Electronic USD
Electronic USD
EUSD
$ 0.99908
0.00%
+0.10%
+0.43%
$ 22.98M
$ 274.04K
41
Synthetix sUSD
Synthetix sUSD
SUSD
$ 0.666979
0.00%
-0.96%
+3.85%
$ 21.88M
$ 894.95
42
JPY Coin
JPY Coin
JPYC
$ 0.00625307
-0.03%
-0.09%
-0.14%
$ 20.48M
$ 366.28K
43
Royal Euro
Royal Euro
REUR
$ 1.16
0.00%
+0.04%
0.00%
$ 17.41M
$ 60.82M
44
USDB
USDB
USDB
$ 0.992166
-0.03%
-0.48%
-0.23%
$ 15.84M
$ 27.03K
45
XSGD
XSGD
XSGD
$ 0.782462
0.00%
+0.04%
+0.06%
$ 15.25M
$ 508.39K
46
WSPN
WSPN
WUSD
$ 0.9979
0.00%
0.00%
0.00%
$ 14.94M
$ 55.27K
47
USD CoinVertible
USD CoinVertible
USDCV
$ 0.999527
+0.01%
-0.08%
+0.03%
$ 12.90M
$ 17.76M
48
Alchemix USD
Alchemix USD
ALUSD
$ 0.967183
-0.01%
-0.03%
+0.27%
$ 12.33M
$ 27.71K
49
YUSD Stablecoin
YUSD Stablecoin
YUSD
$ 0.995893
0.00%
+0.01%
0.00%
$ 11.79M
$ 6.42
50
MAI
MAI
MIMATIC
$ 0.983068
+0.01%
-0.09%
-0.04%
$ 11.64M
$ 6.81K

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.