Stablecoin Market Cap Hits All-Time High of $318.6B, Eyes $320 Billion Milestone

Key Takeaways:

• The stablecoin marketplace deed an all-time precocious of $318.6B, needing conscionable $1.4B to scope $320B.
• USDC gained $1.27B successful 7 days portion Ethena’s USDe has fallen 60.61% since October 2025.
• Blackrock’s BUIDL posted the week’s apical summation astatine 5.29%, signaling rising organization demand.

Stablecoin Sector Just $1.4 Billion Away From $320 Billion Milestone

Figures compiled by defillama.com amusement the stablecoin system expanded by 0.43% implicit the past week. At $318.605 billion, the assemblage needs conscionable $1.395 cardinal more, oregon 0.438%, to scope the $320 cardinal milestone. Tether ( USDT) continues to clasp the apical position, with a marketplace capitalization of $184.305 cardinal and a measured seven-day summation of 0.10%.

USDT commands a 57.85% stock of the market, though that dominance has been gradually easing successful caller weeks, slipping beneath the 60% mark. Trailing down is USDC, issued by Circle, with a marketplace capitalization of $78.763 cardinal and a stronger play performance, posting a 1.64% gain. That translates to an further $1.272 cardinal flowing into USDC reserves implicit the past week.

Stablecoin market cap stats via defillama.com connected April 11, 2026.

Holding the 3rd spot is USDS from Sky, carrying a marketplace capitalization of $8.706 cardinal contempt a 2.45% play decline. Even so, USDS has expanded astatine a brisk gait since March 1, erstwhile its market cap stood astatine $7.35 billion. Over the past 41 days, that amounts to an 18.44% increase, oregon a $1.356 cardinal summation successful implicit terms. USDe from Ethena moved successful the other direction.

USDe follows USDS with a $5.836 cardinal market cap and a 0.87% diminution implicit the past 7 days. Since the broader crypto market cap and bitcoin terms highs successful October 2025, USDe’s circulating supply has been sharply reduced. On Oct. 4, USDe carried a market cap of $14.82 billion, meaning Ethena’s stablecoin has fallen by 60.61%, a driblet of $8.984 cardinal implicit that span.

Rounding retired the apical 5 is DAI from Sky, holding a marketplace capitalization of $4.665 cardinal with a 0.57% play decline. Over the past fewer years, DAI’s market cap has remained relatively stable, allowing it to clasp a top-five presumption for an extended period. The week’s steepest pullback came from USD1, issued by World Liberty Financial (WLFI), and the latest simplification whitethorn beryllium tied to the controversy surrounding the task today.

USD1 posted a 5.27% driblet successful marketplace capitalization this week, shedding much than $232 cardinal since April 4. WLFI’s USD1 present holds a marketplace valuation of $4.184 billion. The week’s apical performer was BUIDL from Blackrock, which climbed 5.29% implicit the past 7 days. BUIDL added much than $149 cardinal during that stretch, lifting its market cap to $2.983 billion.

The remaining members of the apical 10 cohort posted gains, with the objection of USYC from Circle, which recorded a humble 0.68% decline, shedding $18 cardinal implicit the past week. Overall, the stablecoin assemblage held its footing this week contempt mixed question crossed idiosyncratic tokens. Capital continued flowing into USDC portion USDS demonstrated steady, semipermanent growth.

USDe’s contraction since October 2025 reflects however rapidly circulating proviso adjusts erstwhile marketplace conditions shift. BUIDL’s ascent signals continued institutional appetite for yield-bearing dollar instruments. With $318.6 cardinal successful full worth and the $320 cardinal threshold wrong reach, the assemblage is adjacent to mounting different record.