Total stablecoin capital decreased by 36.95 million USD in the past week, recording a modest decline of 0.02% while USDT increased by 0.36% and DAI surged by 6.39%.
The market recorded a slightly volatile week with total capital dropping to 242.97 billion USD, according to data from defillama.com. Despite the decline, this sector still demonstrated relative stability, with leading stablecoins continuing to consolidate their position in the cryptocurrency ecosystem.
Clear Differentiation Among Major Stablecoins
Tether (USDT) – the largest in the market – continued to show strength with a capital of 149.87 billion USD, increasing by 0.36% over the past 7 days. Currently, USDT accounts for 61% of the total market capital, confirming its dominant position. The 150 billion USD threshold is very close, marking an important milestone for this stablecoin.
In contrast, Circle's USDC recorded a 1.21% decrease during the same period, with its current capital at 60.808 billion USD. The gap between the two leading stablecoins continues to widen, reflecting a clear shift in investor preferences.
Dai – the largest decentralized stablecoin – recorded an impressive 6.39% increase in the week, raising its capital to 4.372 billion USD. Meanwhile, BlackRock's BUIDL token increased by 1.33% compared to the previous week, reaching a capital of 2.897 billion USD. Notably, BUIDL led growth this month with a strong 26.14% increase.
Not all stablecoins had positive results. Sky Dollar (USDS) saw a significant 5.5% capital decrease, while Ethena's USDe slightly dropped by 0.56%. These contrasting fluctuations contributed to the overall slight decline in the stablecoin market.
The clear differentiation among stablecoins shows that market sentiment is changing and competition is increasingly intense in the ecosystem. This trend occurs as Bitcoin, Ethereum, and many altcoins are experiencing strong price increases, causing investors' risk appetite to lean towards assets with higher volatility.
The growth momentum of the cryptocurrency market has slightly reduced the demand for holding stablecoins, as traders shift capital to tokens with higher profit potential. However, with a total capital of nearly 243 billion USD, the stablecoin market still plays a crucial role in providing liquidity and serving as a safe haven in the cryptocurrency ecosystem.
