The stablecoin sector saw an influx of $703 million this week, despite a 0.61% decline month-over-month, amounting to a $1.9 billion decrease. Blackrock's BUIDL emerged as the top performer among the leading stablecoins, with a 36.03% increase in market cap, reaching approximately $2.462 billion.
The stablecoin market, valued at $307.87 billion, remains dominated by Tether (USDT) and Circle's USDC, which together hold 83.62% of the market. USDT's market cap slightly decreased by 0.10% to $183.652 billion, while USDC saw a 0.74% increase, reaching $73.794 billion. Meanwhile, yield-bearing stablecoins, including Treasury-backed options like BUIDL, are gaining traction, accounting for about 6.66% of the total market.
Over the past 30 days, stablecoins processed approximately $7.5 trillion in transactions, highlighting significant institutional and retail activity. As the market evolves, the focus is shifting towards stablecoins that offer income potential, suggesting a new phase in the stablecoin competition.
Stablecoin Market Expands by $703M, Blackrock's BUIDL Leads with 36% Surge
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