Stablecoin Saga: Cryptocurrency’s Quiet Giants Inch Toward $260 Billion

While Bitcoin‘s price has been on a rollercoaster ride, the stablecoin market has been quietly growing, increasing by $2.114 billion and edging ever closer to the $260 billion milestone.

USDT Takes the Lead as Stablecoins Creep Toward $260 Billion Summit

Over the last seven days, the stablecoin market has climbed 0.84%, ticking up from $253.25 billion to $255.364 billion. Just $4.636 billion more and it’ll be staring down a fresh all-time high at the $260 billion mark. Right now, stablecoins make up about 7.7% of the $3.32 trillion crypto market. Tether’s USDT holds the lion’s share of the stablecoin pie, commanding 62.45% of the total fiat-pegged token market.

USDT itself is inching toward a fresh milestone, with its market cap now at $159.479 billion—just shy of the $160 billion mark. Over the past week, Tether added about $1.175 billion to its total. USDC wasn’t left behind either, expanding its supply by $417.34 million during the same stretch. Circle’s USDC, the second-largest stablecoin, now boasts a market cap of roughly $61.806 billion.

Coming in fourth, sky dollar (USDS) made the biggest move of the week with an 8.72% jump, lifting its value to $4.583 billion. Ethena’s USDe held onto third place, creeping up by 0.03% to reach a strong $5.306 billion. Dai (DAI), holding the fifth slot, slipped just 0.07% but still clocks in at $4.324 billion. Blackrock USD (BUIDL) eased down 1.35%, closing the week at $2.815 billion.

With several stablecoins gaining ground and others slipping, the market is steadily closing in on its next milestone. As USDT and USDC continue to expand, all eyes are now on whether the $260 billion threshold will be crossed soon. Since Jan. 1, the stablecoin market has been adding an average of $272.55 million daily—and if that rhythm keeps up, it’s on track to hit the $260 billion milestone by July 21.

2025-07-05 16:57

USDT Takes the Lead as Stablecoins Creep Toward $260 Billion Summit

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