Fiat-backed Stablecoin Coins

Fiat-backed stablecoins are a subset of stablecoins that aim to hold a steady value, usually one-to-one with a national currency such as the U.S. dollar, by holding reserves of cash and cash-equivalent assets. The basic idea is that each token in circulation is matched by reserve assets held by the issuer, so holders can expect to redeem tokens for the underlying currency at face value. This makes fiat-backed stablecoins widely used for trading, settlement and moving value between platforms. The model's reliability depends heavily on the issuer: the quality and liquidity of the reserves, how transparently they are disclosed and audited, and whether redemption works smoothly under stress all matter. When comparing fiat-backed stablecoins, readers should look at who issues each one, what the reserves actually consist of, how frequently they are attested, and the regulatory framework involved. The central risk is counterparty risk, since the peg ultimately rests on the issuer holding sufficient, accessible reserves. A steady price is the design goal, not a guarantee, and these tokens have deviated from their pegs in the past.

The Fiat-backed Stablecoin category currently tracks 6 cryptocurrencies in our database, with a combined market capitalization of $23.87B and $952.63M in reported trading volume over the past 24 hours. The largest Fiat-backed Stablecoin asset by market cap is USDS (USDS), at $11.01B. Over the last 24 hours 4 of these coins are up and 2 are down, an average move of +0.00% across the category.

Within the Fiat-backed Stablecoin category over the past 24 hours, the strongest 24-hour performer is PayPal USD (PYUSD) at +0.01%, while the weakest is Ripple USD (RLUSD) at -0.01%.

By value the category is highly concentrated: its 3 largest coins account for roughly 78.7% of the combined Fiat-backed Stablecoin market capitalization.

In cryptocurrency markets, a category groups together tokens and coins that share a common trait — the underlying technology they use, the blockchain ecosystem they are built on, the problem they aim to solve, or the way they are issued. The Fiat-backed Stablecoin grouping shown here reflects the classification published by CoinGecko, a widely used independent market-data provider. The table above lists every Fiat-backed Stablecoin asset in our database, ordered by market capitalization — the current price multiplied by the circulating supply — alongside the live price, the 24-hour change, a seven-day trend line, and 24-hour trading volume, a useful proxy for liquidity and market interest.

Categories frequently overlap: a single coin can belong to several at once, so you will often find the same asset on multiple category pages, each offering a different lens on the market. Among the coins above, Fiat-backed Stablecoin most often appears alongside Ethereum Ecosystem, Stablecoins, USD Stablecoin — listed in full under related categories below.

All figures on this page are computed from stored public market data and refreshed regularly. They are provided for informational and educational purposes only and do not constitute financial advice, a recommendation, or a prediction. Cryptocurrency prices are highly volatile; always do your own research and consider your risk tolerance before making any investment decision.