News listTop 5 Stablecoins Capture Nearly 90% of Sector as Market Contracts This Week
Bitcoin.com2026-05-23 13:51:33 HotUSDT

Top 5 Stablecoins Capture Nearly 90% of Sector as Market Contracts This Week

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Over the last seven days, the stablecoin sector posted a slight contraction of $90.01 million, bringing the market’s total valuation to $323.052 billion, according to figures compiled by Defillama. Tether continues to dominate the category, with its market capitalization sitting just below the $190 billion threshold at $189.468 billion, accounting for 58.65% of the stablecoin economy’s combined value. Top 5 Stablecoins Capture Nearly 90% of Sector as Market Contracts This Week Key Takeaways - Tether held 58.65% of the stablecoin market as the sector slipped to $323.052 billion. - World Liberty Financial’s USD1 jumped 6.20%, adding roughly $281 million in inflows. - Ethena USDe and Paypal PYUSD gained over 4%, signaling continued stablecoin competition. Stablecoin Sector Draws a Loss of $90.01 Million in Net Outflows As the broader crypto economy weathered a widespread pullback this week, the stablecoin sector recorded roughly $90.01 million in net outflows. As of Saturday, May 23, 2026, the market stands at $323.052 billion, with several of the top ten stablecoin contenders posting declines, defillama.com stats show. Tether ( USDT) registered a slight weekly decline of 0.12% over the past seven days. At the same time, Circle’s USDC maintained its position as the second-largest stablecoin by market capitalization, holding a valuation of $76.619 billion despite posting a 0.58% dip on the week. Taking the third spot is Sky’s USDS, which carries a market capitalization of $8.861 billion while posting a positive seven-day gain of 0.79%. Meanwhile, World Liberty Financial’s USD1 has firmly secured fourth place, reaching a market cap of $4.801 billion and recording the strongest weekly expansion among the top five stablecoins with a 6.20% increase. Roughly $281 million in inflows poured into USD1 during the period. Rounding out the top five is Sky’s veteran stablecoin DAI, which holds a market capitalization of $4.574 billion after slipping 0.85% over the trailing seven-day stretch. Combined, the top five stablecoins command approximately $284.323 billion in market value, representing 88.01% of the entire stablecoin economy’s net capitalization. Ethena’s USDe occupies the sixth position among stablecoins this weekend with a market cap of $4.443 billion, posting a notable weekly gain of 4.96%. Close behind in seventh place is Paypal’s PYUSD, which carries a market value of $3.607 billion alongside a steady 4.26% climb over the past seven days. Alongside this, Blackrock’s BUIDL claims the eighth spot with a market capitalization of $3.055 billion, though it experienced a 5.29% weekly decline. Circle’s similar Treasury-backed product, USYC, ranks ninth, holding a $2.983 billion valuation paired with a modest 0.36% gain during the same stretch. Rounding out the top ten is Global Dollar’s USDG, which commands a market capitalization of $2.633 billion despite absorbing a steep 9.62% contraction over the week. Despite modest outflows and a handful of weekly declines, the stablecoin sector continues to function as one of crypto’s largest liquidity strongholds, with hundreds of billions still parked across dollar-pegged assets. The latest figures also reveal an increasingly top-heavy market structure, as the five largest stablecoins alone account for more than 88% of the sector’s total valuation. Even amid broader crypto weakness, other competitors such as USD1 and USDe continue attracting capital. Bitcoin Slides as Coinbase Bitcoin Premium Index Signals Reduced Institutional Accumulation Bitcoin Slides as Coinbase Bitcoin Premium Index Signals Reduced Institutional Accumulation The Coinbase bitcoin premium index has fallen to its lowest level in a month, with analysts warning that intensified institutional… Read NowThe Coinbase bitcoin premium index has fallen to its lowest level in a month, with analysts warning that intensified institutional…
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Source:Bitcoin.com
Published:2026-05-23 13:51:33
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