Stablecoin Market Hits $228B as USDT Leads the Surge

The stablecoin market has soared to $228.55 billion, gaining $4.23 billion in just 14 days, as demand for fiat-pegged digital assets continues to rise.

At the top of the list is Tether (USDT), commanding $143.74 billion, making up 62.89% of the stablecoin market and 5.25% of the total $2.74 trillion crypto market.

Meanwhile, Circle’s USDC holds a $58.37 billion market cap, capturing 25.54% of the stablecoin supply.

Top Stablecoins & Their Market Shifts

🔹 USDT supply increased 0.44% in the past week
🔹 USDC surged 1.97%
🔹 Ethena’s USDe holds third place at $5.46 billion after a 0.82% gain
🔹 Sky’s USDS rose 3.63% to $4.81 billion

Stablecoins on the Decline

Not all stablecoins are thriving—some saw sharp declines:

🔻 DAI dropped 5.27% to $4.18 billion
🔻 First Digital’s FDUSD fell 2.48% to $1.79 billion
🔻 Usual’s USD0 slipped 5.72% to $978 million

PYUSD & USDY Post Strong Monthly Growth

While PayPal’s PYUSD rose just 0.33% this week, its monthly growth of 29.14% added $172 million to its supply, pushing its market cap to $763.46 million.

Ondo’s USDY, however, saw an even bigger jump—up 55.55% in the past month, hitting $592.73 million.

Stablecoins Resilient Amid Crypto Volatility

Despite the crypto market’s recent downturn, stablecoins are gaining traction as investors seek stability and yield opportunities.

🔹 USDT continues to dominate, but newer players like USDY and PYUSD are shaking up the sector.
🔹 The competition among stablecoins is intensifying, as projects balance liquidity, stability, and returns for holders.

As digital dollars become a larger part of the crypto economy, the stablecoin sector is proving to be one of the most resilient and evolving areas of the market.