Stablecoin Market Cap Tops $323.3 Billion as Weekly Inflows Log $1.5 Billion
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Stablecoin Market Cap Tops $323.3 Billion as Weekly Inflows Log $1.5 Billion
"The stablecoin sector climbed to a fresh zenith of $323.343 billion during the last seven days as $1.542 billion entered the market. Tether posted a modest 0.04% gain while maintaining market dominance near 58.67%. Tether added $68.2M as USDT held 58.67% of the $323.3B stablecoin market. Tether's USDT remains the dominant force in the stablecoin sector by a wide margin, holding a market capitalization of $189.7 billion this weekend after adding $68.2 million since May 9."
"Circle's USDC moved in the opposite direction this past week, shedding 1.22% of its market capitalization, or slightly more than $950 million. USDC's market cap stands today at $77.068 billion, a 1.98% decline since April 16. Sky's USDS posted one of the week's strongest performances as the third-largest stablecoin expanded by 11.50%, drawing in roughly $906 million in fresh capital. USDS's total market valuation now stands at $8.791 billion as it edges closer to the $10 billion threshold."
"Sky's older stablecoin, DAI, ranks as the fourth-largest contender with a market capitalization of $4.613 billion. Since May 9, DAI has trimmed slightly more than $46 million from its valuation, recording a modest percentage-point decline. USD1 from World Liberty Financial moved higher over the last seven days, gaining 1.97%. Roughly $87 million in inflows lifted USD1's market capitalization to $4.52 billion this week, defillama.com stats show."
"Additional standouts included USDe from Ethena, which climbed 6.77%, while PYUSD issued by Paypal advanced 1.32%. Meanwhile, BUIDL from Blackrock recorded a sizable 8.01% increase. Western Union's USDPT spiked 597,568%, though its market cap remains just $1.5M."
Stablecoin market capitalization reached $323.343 billion over the last seven days after $1.542 billion entered the market. Tether’s USDT added $68.2 million and held about 58.67% market share, with total USDT market capitalization around $189.7 billion. Circle’s USDC fell by 1.22% in market capitalization, dropping slightly more than $950 million to about $77.068 billion. Sky’s USDS rose 11.50% to $8.791 billion, nearing a $10 billion milestone, and attracted roughly $906 million in new capital. Other movements included USD1 gaining 1.97%, USDe increasing 6.77%, PYUSD rising 1.32%, and BUIDL climbing 8.01%.
Read at news.bitcoin.com
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