The stablecoin sector has climbed to $313.002 billion in total value. Data from DefiLlama shows the category expanded 0.88% over the past seven days, with $2.742 billion in fresh inflows. Fiat-pegged tokens, most of them linked to the U.S. dollar, continue to absorb capital as their role in crypto trading and onchain liquidity remains intact.
USDT stays on top, but its share slips below 60%
Tether’s USDT remains the largest stablecoin by a wide margin, holding a $183.93 billion market capitalization after a 0.16% weekly increase. Its dominance in the sector has moved below the 60% mark and now stands at 58.76%. The lead is still substantial, but the latest weekly figures show rival issuers gaining ground.
Circle’s USDC ranks second at $77.38 billion and posted a stronger 2.79% increase over the same period. Sky Dollar, or USDS, sits in third place with a market cap of $7.54 billion. It rose 8.5% in seven days, the largest percentage gain among the top ten fiat-pegged tokens tracked in the dataset.
Mixed moves across the rest of the top ten
Ethena’s USDe and World Liberty Financial’s USD1 follow with market caps of $5.95 billion and $4.61 billion, though both recorded weekly declines of 1.88% and 2.29%. Sky’s DAI remains a major name in the group at $4.50 billion, up 2.08% on the week. Paypal’s PYUSD stands at $4.18 billion and edged down 0.39%.
The lower end of the top ten includes Blackrock’s BUIDL at $2.53 billion, up 1.94%, Circle’s USYC at $1.99 billion, up 8.12%, and Falcon’s USDf at $1.62 billion with a 0.07% seven-day change. The weekly snapshot points to steady capital entering the segment while issuer competition keeps tightening.
Dollar-linked tokens still define the category
With more than $313 billion now in circulation, stablecoins remain one of the most widely used instruments in the digital asset market. Dollar-backed tokens still dominate the sector, reflecting continued demand for blockchain-based liquidity tied to the U.S. currency. At the same time, other fiat-pegged products are still trying to expand their share.