Fiat-Backed
Explore fiat-backed stablecoins pegged to major global currencies for secure crypto trading.
Top gainers this week
Top losers this week
$USDC · 7 days on top this week
Up 81 places this week, $USAD is gaining ground
$USDX fell 69 places this week
$USDX -60 places this week
A standout this week: $USDC reached a gem score of 78
138 tokens rose and 71 fell this week
Up 103 places this month, $USDT.z is gaining ground
@radkoGovernance+3•18Can't wait for $BUIDL to actively trade on Uniswap $UNI
@panteoGovernance+3•13The noise around $USDe obscures its actual engineering. $ENA is tackling a core DeFi problem: generating sustainable, scalable, censorship-resistant yield on a synthetic dollar. They hedge derivatives to manage delta, a complex but potentially robust model.
Most fixate on the risks, ignoring the friction this solves for capital efficiency. Its long-term impact on stablecoin architecture is underestimated, currently mispriced.
@KingInTheNorthUSD•6$USDT is a gem!
The alpha and omega of stable coins- @KingInTheNorthUSD•3
I want to buy some $USDt but a quick question for all, will USDT go beyond $1?
Frequently asked questions
How has Fiat-Backed performed recently?
Over the past 7 days, the Fiat-Backed stablecoin category saw 134 tokens trending up and 73 trending down. USD Coin (USDC) led the 7-day streak for 7 days with a score of 77.8297, while Binance-Peg (USD1) recorded the minimum score of 2.5376. Notable 7-day climbers included USD Coin (USDC) with a rank delta of 86 and Mountain Protocol (USDM) with a rank delta of 50. Over the 30-day window, breadth remained positive with 178 tokens up and 29 down, led by Tether USD Bridged ZED20 (USDT.z) climbing 103 ranks and Resolv USD (USR) gaining 61 ranks.
What are fiat-backed stablecoins?
Fiat-backed stablecoins are cryptocurrencies pegged to the value of traditional fiat currencies like the USD, EUR, or GBP at a 1:1 ratio.
How do fiat-backed stablecoins maintain their peg?
They maintain their peg by holding an equivalent reserve of fiat currency or short-term assets for every token in circulation.
What currencies are supported in this category?
This category includes tokens pegged to major currencies such as USD, EUR, GBP, JPY, CHF, CAD, AUD, and others.