The total market capitalization of stablecoins increased by $4.58 billion last week, reaching $239.108 billion, reflecting the growing importance of stablecoins in the crypto ecosystem.
The stablecoin market has witnessed impressive growth over the past week, adding $4.581 billion to the total market cap and bringing the entire market closer to the $240 billion milestone. According to data from defillama.com, as of Sunday (April 27, 2025), the total value of the stablecoin sector has reached $239.108 billion, an increase of 1.96% compared to the previous week, and is just $892 million short of hitting the $240 billion mark.
The top five stablecoins by market capitalization as of April 27, 2025, according to data from defillama.com.
Tether and USDC continue to dominate the market
Tether (USDT) – the largest stablecoin in the market – has increased its supply to $147.695 billion, marking a growth of 1.71% over the past week. The second largest stablecoin, USD Coin (USDC) from Circle, also saw growth of 2.28% during the same period, bringing its market cap to $62.273 billion.
While the two giants continue to grow, USDe from Ethena has recorded a decrease of 1.26% over the week and a significant decline of 9.96% in the past month. As of April 27, the total market capitalization of USDe has fallen to about $4.764 billion.
USDS from Sky has stood out with the most impressive growth in the top 10 stablecoins, achieving 7.93% over the week, raising its total market cap to $4.213 billion. DAI also had positive performance with a 3.16% increase, bringing its market cap to $4.146 billion, while BUIDL from BlackRock increased slightly by 3.49%, reaching $2.536 billion.
Some other stablecoins have recorded notable increases, including USDD from Tron with 12.62% and RLUSD from Ripple with 7.91%. RLUSD issued by Ripple currently has a market capitalization of about $317.04 million.
The steady growth of the stablecoin market, although not as prominent as other cryptocurrency assets, reflects their critical role in the crypto ecosystem. Stablecoins not only provide a safe haven for investors in volatile market conditions but also play an important role in providing liquidity for transactions, trade, and DeFi applications.
With the current trend, the stablecoin market is likely to surpass the $240 billion mark in the near future, further reinforcing their importance in the context of the ever-evolving and maturing digital asset market.
