The stablecoin market cap has decreased by over $770 million in the past week, reflecting a shift in investor preference towards risk-on assets like stocks, cryptocurrencies, and bonds. Ethereum and Tron remain the leading blockchains for stablecoin supply, with BNB Smart Chain and Hyperliquid L1 facilitating significant stablecoin bridging. USDT continues to dominate with a 60% market share, followed by USDC at 24%. Additionally, tokenized euros have reached a record high of $750 million, while the tokenized gold market cap is approaching $4 billion.