Stablecoin market cap dropped by a whopping $36.95 million this week—because why not add a little drama to the mix?
Stablecoins Drop a Tiny Bit, But Don’t Worry, They’re Fine (Probably)
The total stablecoin market cap is now hovering at a respectable $242.97 billion, according to defillama.com. Yes, it’s down a minuscule 0.02%, but hey, who’s counting? The mighty tether ( USDT) is still here to flex its dominance.
USDT, the undisputed heavyweight champion of stablecoins, is still basking in glory with a $149.87 billion valuation, and a teeny-weeny 0.36% weekly gain. It now represents 61% of the stablecoin market. Meanwhile, USDC is over there taking a nap, down 1.21% and barely hanging on at $60.808 billion. Keep up, USDC!
DAI, on the other hand, is doing its best to not be overshadowed, up a dazzling 6.39% this week, reaching a cool $4.372 billion. Blackrock’s BUIDL token is doing a little victory lap, gaining 1.33% and reaching $2.897 billion. They’re leading the pack in monthly gains with a solid 26.14% increase. Meanwhile, USDS is falling off the proverbial cliff with a 5.5% drop. 🙄
And then t//news.bitcoin.com/ethereum-explained-a-beginners-guide/”>Ethereum, and altcoins posting strong gains, the mood in the market is shifting. Traders are getting a little more “risky” and moving funds into assets that *aren’t* stablecoins. Who could blame them? As crypto bulls start charging again, stablecoins are taking a small backseat. Sorry, stablecoins, you had your moment.
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2025-05-11 20:04