{"id":74979,"date":"2026-07-05T15:58:51","date_gmt":"2026-07-05T15:58:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/total-stablecoin-cap-falls-1-9-billion-this-week-while-sky-dollar-leads-the-slide\/"},"modified":"2026-07-05T15:58:51","modified_gmt":"2026-07-05T15:58:51","slug":"total-stablecoin-cap-falls-1-9-billion-this-week-while-sky-dollar-leads-the-slide","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/total-stablecoin-cap-falls-1-9-billion-this-week-while-sky-dollar-leads-the-slide\/","title":{"rendered":"Total Stablecoin Cap Falls $1.9 Billion This Week While Sky Dollar Leads the Slide"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Tether\u2019s USDT held a $184.112 billion market cap and a 59.14% dominance share this week.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Paypal\u2019s PYUSD posted the top gain among the top 15, rising 4.25% to $2.836 billion.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Sky Dollar\u2019s USDS fell 2.36%, the steepest weekly drop among the top 15 stablecoins.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>The total <span>stablecoin<\/span> <span>market cap<\/span> sits at $311.311 billion, down 0.61% over the past seven days, a drop of $1.911 billion, according to <a href=\"https:\/\/defillama.com\/stablecoins\" target=\"_blank\" rel=\"noopener noreferrer\">Defillama data<\/a>. As of this weekend, Tether\u2019s <span>USDT<\/span> now accounts for 59.14% of that total.<\/p>\n<p>The top 15 <span>stablecoins<\/span> span a wide range of issuers, from established players like Tether and Circle to newer entrants. Their combined performance over the last seven days shows a market moving in small steps rather than sharp swings.<\/p>\n<h2>Tether and USDC Lead by Size<\/h2>\n<p> <span>USDT<\/span> dropped a modest 0.43% over the week but remains the third largest <span>crypto<\/span> asset by <span>market cap<\/span> in the entire space, trailing only <span>bitcoin<\/span> and ethereum. Traders continue to use <span>USDT<\/span> as the primary settlement token on exchanges worldwide.<\/p>\n<figure id=\"attachment_828662\" aria-describedby=\"caption-attachment-828662\" style=\"width:2534px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-828662\" class=\"wp-caption-text\"> <span>Stablecoin<\/span> <span>market cap<\/span> on July 5, 2026, via Defillama data.<\/figcaption><\/figure>\n<p>Circle\u2019s USDC sits in second place among <span>stablecoins<\/span> with a $73.098 billion <span>market cap<\/span> as of July 5. USDC fell 1.05% over seven days, a steeper drop than <span>USDT<\/span> posted. Circle\u2019s token ranks as the fifth-largest <span>crypto<\/span> asset overall.<\/p>\n<p>Traders watching the two largest <span>stablecoins<\/span> saw a similar pattern play out. Both lost ground, but neither moved far from its starting point. The gap between them and the rest of the field still remains quite wide. Together, <span>USDT<\/span> and USDC account for more than 82% of the entire top 15 <span>market cap<\/span>.<\/p>\n<h2>How Stablecoin Supply Works As A Market Gauge<\/h2>\n<p> <span>Stablecoin<\/span> <span>market cap<\/span> moves through a simple mechanism. Issuers mint new tokens when users deposit dollars or equivalent reserves, and they burn or redeem tokens when users withdraw. A rising total supply means more dollars are entering the <span>crypto<\/span> system through that channel. Unless a <span>stablecoin<\/span> depegs, which is something it is not supposed to do, a falling total <span>market cap<\/span> means dollars are leaving the system.<\/p>\n<p>Traders and analysts often treat <span>stablecoin<\/span> supply as a rough measure of capital sitting ready to buy <span>bitcoin<\/span> and other digital assets, sometimes called \u201cdry powder.\u201d When that supply grows, it can signal more buying capacity waiting on the sidelines. When it shrinks, it can mean less immediate capital available to absorb selling pressure.<\/p>\n<p>This week\u2019s 0.61% dip in total <span>stablecoin<\/span> <span>market cap<\/span> is a small move by that measure. It does not, on its own, point to a broader shift in how much capital sits inside the <span>crypto<\/span> system. Reading too much into a single week of data misses the larger picture of a market that has held near $300 billion to $310 billion for months on end. Still, over the last few weeks, the downturn has been noticeable enough to flag.<\/p>\n<h2>Paypal Stands out With a 4.25% Gain<\/h2>\n<p>Paypal\u2019s PYUSD posted the strongest weekly performance among the top 15 <span>stablecoins<\/span> this past week. PYUSD climbed 4.25% to reach a $2.836 billion <span>market cap<\/span>, a move that put daylight between it and every other token in the group.<\/p>\n<figure id=\"attachment_828664\" aria-describedby=\"caption-attachment-828664\" style=\"width:1584px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-828664 size-full\" title=\"Stablecoin market cap on July 5, 2026, via Defillama data\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/screenshot-2026-07-05-at-7-15-39-am.png\" alt=\"\" width=\"1584\" height=\"1210\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/screenshot-2026-07-05-at-7-15-39-am-300x229.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/screenshot-2026-07-05-at-7-15-39-am-1024x782.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/screenshot-2026-07-05-at-7-15-39-am-768x587.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/screenshot-2026-07-05-at-7-15-39-am-1536x1173.png 1536w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/screenshot-2026-07-05-at-7-15-39-am.png 1584w\" sizes=\"auto, (max-width: 1584px) 100vw, 1584px\"\/><figcaption id=\"caption-attachment-828664\" class=\"wp-caption-text\"> <span>Stablecoin<\/span> inflows and outflows over the last seven days, according to Defillama stats on July 5, 2026.<\/figcaption><\/figure>\n<p>No other <span>stablecoin<\/span> in the top 15 matched that pace. Ripple\u2019s <a href=\"https:\/\/news.bitcoin.com\/ripple-spotlights-8-key-rlusd-developments-shaping-global-payments-push\/\">RLUSD<\/a> followed with a 0.96% gain, pushing its <span>market cap<\/span> to $1.585 billion. USDD added 1.55%, reaching $1.396 billion. Both moves suggest traders added positions in newer payment and settlement tokens even as larger <span>stablecoins<\/span> slipped.<\/p>\n<h2>Sky Dollar Posts The Week\u2019s Steepest Drop<\/h2>\n<p>Sky dollar (USDS) fell 2.36% over seven days, the sharpest decline among the group. Its <span>market cap<\/span> now stands at $8.02 billion, still enough to hold third place overall behind Tether and USDC.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/world-liberty-financial-62b-token-unlock-plan-faces-criticism-unlock-comes-after-trump-exit\/\">World Liberty Financial<\/a>\u2018s USD1 dropped 1.77% to a $4.61 billion <span>market cap<\/span>. Global dollar (USDG) fell 1.19% to $2.871 billion. Ethena\u2019s USDe slipped 0.49% to $4.439 billion, a smaller decline than several of its peers in the middle of the pack.<\/p>\n<p>Sky\u2019s original <span>stablecoin<\/span> DAI moved against that trend, gaining 0.09% to reach $4.851 billion. The gain was small, but DAI stood out as one of only a handful of tokens in the top ten to post a positive week. Circle\u2019s USYC and <a href=\"https:\/\/news.bitcoin.com\/ondo-brings-blackrock-ivv-etf-and-micron-shares-onchain-in-us-regulatory-first\/\">Blackrock<\/a>\u2018s BUIDL both held close to flat, losing 0.06% and 0.21% respectively, showing minimal movement compared to the rest of the field.<\/p>\n<h2>Smaller Stablecoins Split Between Gains And Losses<\/h2>\n<p>Among the bottom five in the top 15, gains outnumbered losses. Ondo\u2019s USDY stayed nearly flat, down 0.01% to $2.157 billion. Falcon\u2019s USDf rose 0.24% to $1.258 billion. United stables (U) gained 0.81%, closing the week at $1.023 billion, its first time crossing the $1 billion threshold in recent weeks. The split between small and large token performance stood out as one of the clearer patterns in this week\u2019s data.<\/p>\n<h2>Where Newer Stablecoins Fit In<\/h2>\n<p>Several tokens in the bottom half of the top 15 carry a different structure than <span>USDT<\/span> or USDC. BlackRock USD and Circle USYC represent tokenized money market products, offering exposure to short-term government debt rather than functioning purely as trading dollars. Ondo US Dollar Yield follows a similar model, passing along yield from underlying Treasury holdings.<\/p>\n<p>These yield-bearing tokens compete for capital that might otherwise sit in a traditional bank account or money market fund. As interest rates remain a factor for investors, tokenized Treasury products give holders a way to earn a return while keeping funds inside the <span>crypto<\/span> ecosystem. That competition adds a second layer to the <span>stablecoin<\/span> market beyond the trading-dollar function that <span>USDT<\/span> and <a href=\"https:\/\/news.bitcoin.com\/bny-gives-institutions-power-to-mint-and-burn-usdc-directly-from-custody\/\">USDC<\/a> serve.<\/p>\n<h2>What Traders Are Watching Now<\/h2>\n<p><a href=\"https:\/\/news.bitcoin.com\/kenyan-treasury-pushes-30-reserve-requirement-as-stablecoin-firms-warn-of-higher-costs\/\">Stablecoin<\/a> <span>market cap<\/span> often signals how much capital sits ready for deployment into <span>Bitcoin<\/span> and other <span>crypto<\/span> assets. A 0.61% weekly dip is a small move compared to the swings <span>stablecoins<\/span> have seen in past years, and the total figure remains close to its recent range.<\/p>\n<p>Tether\u2019s dominance near 59% means its weekly performance carries the most weight for the total figure. A move in <a href=\"https:\/\/buy.bitcoin.com\/?utm_source=News\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">USDT<\/a> of even half a percent shifts billions of dollars in <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-market-cap\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">market cap<\/a>, more than most other tokens in the top 15 combined.<\/p>\n<p>Traders tracking PYUSD\u2019s 4.25% gain will watch whether Paypal\u2019s <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> keeps climbing or gives back the move next week. The same applies to Sky Dollar\u2019s decline, the largest drop in the group, as traders assess whether the pullback continues or stabilizes.<\/p>\n<p>For now, the top 15 <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> hold a combined position worth hundreds of billions of dollars, with Tether and USDC controlling the large majority of that total. The rest of the field, spread across a dozen smaller issuers, continues to compete for a shrinking share of a market still dominated by two names.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/total-stablecoin-cap-falls-1-9-billion-this-week-while-sky-dollar-leads-the-slide\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Tether\u2019s USDT held a $184.112 billion market cap and a 59.14% dominance share this week. Paypal\u2019s PYUSD posted the top gain among the top 15, rising 4.25% to $2.836 billion. Sky Dollar\u2019s USDS fell 2.36%, the steepest weekly drop among the top 15 stablecoins. The total [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":74980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74979"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74979"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74980"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}