According to the latest Stablecoin figures on Defillama.com, the market is approaching a $290 billion threshold, with a current valuation of $289.4 billion.
From Tether to Paypal: Stub Coin Battle for Billions
This week's snapshot of Fiat Peg tokens via Defilama.com shows a sector that has expanded by $2.733 billion over seven days. Tether's share slipped down, dropping below the 89% line to 58.84% of the total. Tether (USDT) is barely moving, but it manages a +0.86% increase for the week and rests at a market capitalization of $17.0273 billion.
Circle's USDC has been stable with a mild +0.48% increase, bringing its total to $72.56 billion. Ecena's USDE, which came in third, focused on $13.3 billion, up +4.87% from Sharp. Sky's Dai soaked at just -0.91% and settled at $5.038 billion. Sky Dollar (USDS) tripped violently, falling 4.70% to $451.5 billion, while World Liberty Financial barely moved, rising 0.08% to $2.662 billion.
BlackRock's Buidl skated from –1.71% to $2.195 billion, while Ethena USDTB countered Hefty +13.45% to $1.8115 billion. FALCON USD (USDF) rose to $1.624 billion with an increase of +5.39%, while PayPal's PYUSD was $1.347 billion, lighting the charts with an A+14.72% leap. The company has accumulated the top 10 stubcoins by market capitalization, with a total of $275.333 billion.
The tide of shifts across the stubcoin highlights the act of shaking dominance and balancing newcomers in the market where they outweigh their weight. With uneven supply growth across issuers, the data suggests a shift in demand for dollar-related liquidity, setting new stages of competition among providers fighting for relevance. Of the 289 Stablecoins tracked by Defillama.com, the top 10 heavyweight commands were the overwhelming command of 95.14% of the market, with hundreds remaining discarding slivers.
