Stablecoins attract more than 2 billion dollars in one week

The crypto market finds a foothold after a more active week on dollar-indexed assets. According to Defillama data, stablecoins attracted well over 2 billion dollars in seven days. In this context, USDT maintains a central place, while several competitors progress at different rates. The sector now shows a total capitalization of 322.74 billion dollars.

Stablecoins enter an inflow phase again

After fluctuating slightly above 320 billion dollars, the market has picked up volume. The stablecoin economy now reaches 322.74 billion dollars, driven by new capital inflows since May 3. This movement confirms a return of liquidity to digital assets linked to the dollar, without erasing the gaps between the main issuers.

In detail, according to Defillama data, Circle Internet Group’s USDC showed one of the clearest dynamics. Its capitalization reaches $78.96 billion after a 2.08% increase over seven days. About 1.61 billion dollars joined this asset between May 3 and May 10, 2026. This progression strengthens its second place in the stablecoin universe, far behind the sector leader.

USDT maintains its lead in the market

Tether remains the leading player with a capitalization of 189.63 billion dollars. Over the week, USDT shows a limited increase of 0.05%, but its weight remains significant. Its share reaches 58.76% of the stablecoin market, giving it a considerable lead over other dollar-indexed assets.

This position also confirms USDT’s role as the main liquidity tool in the crypto market. Exchanges rely heavily on Tether’s asset to move from one cryptocurrency to another, especially during arbitrage periods. At the same time, this dominance leaves little room for competitors, even when some record faster inflows. Thus, the token progresses little but maintains a very high market capitalization.

Contrasting progressions among other assets

Behind the first two, performances remain very volatile. Sky’s USDS holds third place with 7.88 billion dollars, despite a 6.37% decrease. DAI, also linked to Sky, remains fourth at 4.66 billion dollars, with a 0.63% increase. Lower, USD1 reaches 4.43 billion dollars but declines by 2.12% over the observed period.

The ranking also shows a rebound in several products. Athena’s USDe rises by 1.6%, reaching 3.96 billion dollars. PayPal’s PYUSD advances by 1.11%, while Blackrock’s BUIDL gains 5.81% to 2.986 billion dollars. USYC also progresses by 2.68%, to 2.981 billion dollars, strengthening the place of tokenized products backed by the US Treasury among the most influential stablecoins.

Finally, USDG posts the most spectacular increase in the top 10, with an 11.89% rise and a valuation of 2.658 billion dollars. In the short term, upcoming figures will show if capital continues to return to stablecoins or if this recovery remains concentrated on a few dollar-indexed assets.

In summary, the market shows a gradual return of capital to dollar-indexed assets, with still uneven trends depending on issuers. In this landscape, USDT solidifies its status as the leading stablecoin, driven by a significantly higher capitalization and a consistently dominant market share. At the same time, Tether, the issuer of the asset, is also expanding its activities into Bitcoin mining, highlighting a broader strategy around crypto infrastructure. The coming weeks will show if this dynamic benefits the entire sector or mainly the already established players.