Stablecoin Sector Sees Nearly $4B Boost as Market Closes in on $300B Milestone

CN
4 hours ago

The stablecoin sector is still puffing up, now just $4.203 billion shy of cracking the $300 billion mark, defillama.com stats show. At this clip, crossing that milestone isn’t a matter of if—it’s a matter of when. Odds are, it’ll happen in a week or two, if not sooner.

Tether ( USDT) hit the gym this week, tacking on a 1.27% gain. Its market cap now flexes at $173.57 billion, with an extra $2.204 billion stuffed into its already overflowing coffers. Circle’s USDC, tether’s closest contender, slipped -0.41% to a $73.67 billion market cap, trimming about $302 million in the past week.

Stablecoin Sector Sees Nearly $4B Boost as Market Closes in on $300B Milestone

Source: Defillama.com stablecoin data.

Meanwhile, Ethena’s USDe showed up swinging—rising 2.87% in seven days, stacking $14.35 billion in value and pumping $412 million into supply. Sky’s DAI looked scrappy, punching up 5.56% to $5.38 billion while tacking on $299 million.

Sky’s USDS dropped a few feathers, sliding 3.69% to $4.24 billion and bleeding $156 million along the way. World Liberty Financial’s USD1, on the other hand, kept its composure—edging up 1.57% to $2.70 billion with a tidy $42 million gain.

Blackrock’s BUIDL? It lost its grip, dipping 0.33% to a $1.94 billion cap and misplacing $6 million. On the other hand, Falcon’s USDf soared 5.75% to $1.89 billion, scoring $109 million.

Paypal’s PYUSD hogged the spotlight—blasting 43.47% higher in a single week to hit $1.88 billion, thanks to an $816 million rocket boost. Closing the lineup, Ethena’s USDtb nudged up 0.49%, bringing its base to $1.82 billion with a modest $9 million lift.

The top ten stablecoins mostly padded their supplies, with only USDC, USDS, and BUIDL breaking the trend and slipping into the red. All told, the stablecoin scene is still stacking chips, inching toward new zeniths almost weekly.

With heavyweights like USDT flexing harder, others like Ethena holding their ground, and Paypal’s PYUSD suddenly stealing the show in terms of growth, the sector’s momentum looks set to keep the pressure on traditional finance (TradFi)—and the countdown to $300 billion is officially on.

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