Silent Climb: Stablecoin Market Inches Toward $260B Breakout

news.bitcoin.com 05 July 2025 15:03, UTC

Altcoins

Although bitcoin has seen its fair share of price swings this week, the stablecoin market has quietly ballooned by $2.114 billion—edging ever closer to the $260 billion milestone.

$USDT Leads the Charge as Stablecoins Creep Toward $260B Summit

Over the last seven days, the stablecoin market has climbed 0.84%, ticking up from $253.25 billion to $255.364 billion. Just $4.636 billion more and it’ll be staring down a fresh all-time high at the $260 billion mark. Right now, stablecoins make up about 7.7% of the $3.32 trillion crypto market. Tether’s $USDT holds the lion’s share of the stablecoin pie, commanding 62.45% of the total fiat-pegged token market.

Source: defillama.com

$USDT itself is inching toward a fresh milestone, with its market cap now at $159.479 billion—just shy of the $160 billion mark. Over the past week, Tether added about $1.175 billion to its total. $USDC wasn’t left behind either, expanding its supply by $417.34 million during the same stretch. Circle’s $USDC, the second-largest stablecoin, now boasts a market cap of roughly $61.806 billion.

Coming in fourth, sky dollar (USDS) made the biggest move of the week with an 8.72% jump, lifting its value to $4.583 billion. Ethena’s USDe held onto third place, creeping up by 0.03% to reach a strong $5.306 billion. Dai (DAI), holding the fifth slot, slipped just 0.07% but still clocks in at $4.324 billion. Blackrock USD (BUIDL) eased down 1.35%, closing the week at $2.815 billion.

World Liberty Financial’s stablecoin modestly kept things in the green with a 0.10% bump, landing at $2.207 billion. Ethena’s USDTB stayed locked in place, unchanged at $1.46 billion. First Digital’s FDUSD edged down 0.56%, trimming its cap to $1.216 billion. Paypal USD (PYUSD) took the biggest tumble of the week, dropping 10% to settle at $870.74 million.

With several stablecoins gaining ground and others slipping, the market is steadily closing in on its next milestone. As $USDT and $USDC continue to expand, all eyes are now on whether the $260 billion threshold will be crossed soon. Since Jan. 1, the stablecoin market has been adding an average of $272.55 million daily—and if that rhythm keeps up, it’s on track to hit the $260 billion milestone by July 21.