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Over the past 7 days, the stablecoin assemblage posted a flimsy contraction of $90.01 million, bringing the market’s full valuation to $323.052 billion, according to figures compiled by Defillama. Tether continues to predominate the category, with its marketplace capitalization sitting conscionable beneath the $190 cardinal threshold astatine $189.468 billion, accounting for 58.65% of the stablecoin economy’s combined value.
Published: May 23, 2026, 10:51 AM
Key Takeaways
- Tether held 58.65% of the stablecoin marketplace arsenic the assemblage slipped to $323.052 billion.
- World Liberty Financial’s USD1 jumped 6.20%, adding astir $281 cardinal successful inflows.
- Ethena USDe and Paypal PYUSD gained implicit 4%, signaling continued stablecoin competition.
Stablecoin Sector Draws a Loss of $90.01 Million successful Net Outflows
As the broader crypto system weathered a wide pullback this week, the stablecoin assemblage recorded astir $90.01 cardinal successful nett outflows. As of Saturday, May 23, 2026, the marketplace stands astatine $323.052 billion, with respective of the apical 10 stablecoin contenders posting declines, defillama.com stats show. Tether ( USDT) registered a flimsy play diminution of 0.12% implicit the past 7 days.
Stablecoin market cap via defillama.com connected May 23, 2026At the aforesaid time, Circle’s USDC maintained its presumption arsenic the second-largest stablecoin by marketplace capitalization, holding a valuation of $76.619 cardinal contempt posting a 0.58% dip connected the week. Taking the 3rd spot is Sky’s USDS, which carries a marketplace capitalization of $8.861 cardinal portion posting a affirmative seven-day summation of 0.79%.
Meanwhile, World Liberty Financial’s USD1 has firmly secured 4th place, reaching a market cap of $4.801 cardinal and signaling the strongest play enlargement among the apical 5 stablecoins with a 6.20% increase. Roughly $281 cardinal successful inflows poured into USD1 during the period.
Rounding retired the apical 5 is Sky’s seasoned stablecoin DAI, which holds a marketplace capitalization of $4.574 cardinal aft slipping 0.85% implicit the trailing seven-day stretch. Combined, the apical 5 stablecoins bid astir $284.323 cardinal successful marketplace value, representing 88.01% of the full stablecoin economy’s nett capitalization.
Ethena’s USDe occupies the sixth presumption among stablecoins this play with a market cap of $4.443 billion, posting a notable play summation of 4.96%. Close down successful seventh spot is Paypal’s PYUSD, which carries a marketplace worth of $3.607 cardinal alongside a dependable 4.26% ascent implicit the past 7 days.
Alongside this, Blackrock’s BUIDL claims the eighth spot with a marketplace capitalization of $3.055 billion, though it experienced a 5.29% play decline. Circle’s akin Treasury-backed product, USYC, ranks ninth, holding a $2.983 cardinal valuation paired with a humble 0.36% summation during the aforesaid stretch.
Rounding retired the apical 10 is Global Dollar’s USDG, which commands a marketplace capitalization of $2.633 cardinal contempt absorbing a steep 9.62% contraction implicit the week. Despite humble outflows and a fistful of play declines, the stablecoin assemblage continues to relation arsenic 1 of crypto’s largest liquidity strongholds, with hundreds of billions inactive parked crossed dollar-pegged assets.
The latest figures besides uncover an progressively top-heavy marketplace structure, arsenic the 5 largest stablecoins unsocial relationship for much than 88% of the sector’s full valuation. Even amid broader crypto weakness, different competitors specified arsenic USD1 and USDe proceed attracting capital.
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