The total market capitalization of stablecoins increased by 4.58 billion USD last week, reaching 239.108 billion USD, reflecting the increasingly important role of stablecoins in the crypto ecosystem.
The stablecoin market witnessed impressive growth last week, adding 4.581 billion USD to its total market capitalization and bringing the entire market closer to the 240 billion USD mark. According to data from defillama, as of Sunday (27/4/2025), the total value of the stablecoin sector reached 239.108 billion USD, increasing 1.96% from the previous week and only 892 million USD short of the 240 billion USD threshold.
Tether and USDC Continue to Dominate the Market
Tether (USDT) – the largest stablecoin in the market – increased its supply to 147.695 billion USD, recording a 1.71% increase over the past week. The second-largest stablecoin, USD Coin (USDC) by Circle, also saw growth of 2.28% during the same period, bringing its market capitalization to 62.273 billion USD.
While the two "giants" continue to grow, USDe by Ethena recorded a 1.26% decrease in the week and a significant 9.96% drop over the past month. As of 27/4, the total market capitalization of USDe decreased to around 4.764 billion USD.
USDS by Sky stood out with the most impressive growth among the top 10 stablecoins, reaching 7.93% in the week, raising its total market capitalization to 4.213 billion USD. Dai also showed positive movement with a 3.16% increase, bringing its market capitalization to 4.146 billion USD, while BlackRock's BUIDL increased slightly by 3.49%, reaching 2.536 billion USD.
Some other stablecoins with notable increases include USDD from TRON with 12.62% and RLUSD from Ripple with 7.91%. RLUSD, issued by Ripple, currently has a market capitalization of around 317.04 million USD.
The stable growth of the stablecoin market, while not as prominent as other cryptocurrencies, reflects their crucial role in the crypto ecosystem. Stablecoins not only provide a safe haven for investors in a volatile market but also play a critical role in providing liquidity for transactions, trade, and DeFi applications.
With the current trend, the stablecoin market is likely to surpass the 240 billion USD mark in the short term, continuing to consolidate their importance in the ever-developing and maturing digital asset market.
