The stablecoin economy is puffing itself back up after slipping from its $309 billion peak at the end of October, gliding down to a low of $302 billion by Nov. 22. Over the past seven days, the sector has added $3.087 billion back to its total, giving the market a fresher shine.
Stablecoin Sector Refuels Heading Into December
The market may have picked up a little polish this week—adding just over a percentage point, or about $3.087 billion—but it’s still trailing the $309 billion high notched on Oct. 25.
As of Nov. 30, data from shows the fiat-pegged token arena sitting at $306.157 billion. ’s commands the lion’s share, boasting a $184.595 billion market cap and accounting for 60.29% of the entire sector. notched a mild $61.76 million bump this week, a slim 0.03% lift.
’s USDC, meanwhile, opted for the spotlight, adding $2.681 billion to reach $76.242 billion this past week. Ethena’s USDe slipped 2.88% over the past week with a $7.205 billion market cap, while sky dollar (USDS) climbed 2.45% to $5.874 billion. DAI managed to inch up 0.64% over the past seven days with a $4.752 billion valuation, while Paypal’s PYUSD strutted in with a 7.08% climb and a $3.86 billion market cap.
The -backed project World Liberty Financial’s USD1 notched a 1.02% weekly climb to $2.757 billion, while Falcon Finance’s USDf crept up 0.09% with $2.084 billion behind it. Blackrock’s BUIDL took a sharper turn, sliding 16.36% to $1.798 billion, and ’s USDtb eased down 0.20% to $1.339 billion. Rounding out the top 11 coins, Ripple’s RLUSD popped 8.98% over the week with a $1.26 billion market cap.
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Overall, the brief dip across the stablecoin sector didn’t leave much of a dent, and the latest rebound suggests the footing is firmer than it looked a week ago. With capital flowing back into these fiat-pegged tokens, the broader crypto market may find a welcome boost in renewed and . This kind of momentum often filters into trading activity, lifting sentiment across major assets. If the inflows continue, they could set the stage for a stronger finish to the quarter.
FAQ ❓
- What is the current size of the stablecoin market? The stablecoin sector sits at $306.157 billion as of Nov. 30, according to defillama.com.
- Which stablecoin holds the largest market share? Tether’s leads the pack with a $184.595 billion market cap and 60.29% dominance.
- Which stablecoins saw the biggest weekly moves? USDC added $2.681 billion, while RLUSD climbed 8.98% and BUIDL posted the steepest decline at 16.36%.
- Why does the stablecoin rebound matter for crypto? Rising stablecoin inflows can support liquidity, potentially boosting activity across the broader crypto market.
Author: Jamie Redman
Source: Bitcoin
Reviewed By: Editorial Team
