Stablecoin MarketCap Grew 7.46% in Q2, reaching $247.9B

USD1's market cap surged from $57M to $2.2B this quarter, driven by its Binance listing, a $2B investment from MGX, and an aggressive trading campaign on PancakeSwap.

$USDT continues to dominate, adding $14.1B in market cap and slightly expanding its lead—even as other stablecoins like $USDC and PYUSD also posted quarterly growth.

USDC held firm in second place with a $1.3B increase, boosted by investor enthusiasm following Circle’s IPO.

PYUSD maintained strong momentum, growing 28.5% QoQ and approaching the $1B milestone.

In contrast, USDS and $FDUSD saw sharp declines, down -8.85% (-$403M) and -42.79% (-$1.08B) respectively.