Stablecoins attract more than $2 billion in a week

The crypto market finds a point of support after a more active week on assets indexed to the dollar. According to data from Defillama, stablecoins attracted more than $2 billion in seven days. In this context, USDT maintains a central place, while several competitors progress at different paces. The sector now has a total capitalization of $322.74 billion.

Stablecoins return to influx phase

After moving slightly above $320 billion, the market regained volume. The stablecoin economy now reaches $322.74 billion, driven by new capital entering since May 3. This movement confirms a return of liquidity to digital assets linked to the dollar, without erasing the differences between the main issuers.

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

USDT maintains its market lead

Tether remains the leading player with a capitalization of $189.63 billion. Over the week, the USDT posted a limited increase of 0.05%, but its weight remains decisive. Its share reaches 58.76% of the stablecoin market, which gives it a considerable lead over other assets indexed to the greenback.

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

Contrasted progressions among other assets

Behind the first two, the performance remains very variable. Sky's USDS is in third place with $7.88 billion, despite a 6.37% decline. DAI, also linked to Sky, remains fourth at $4.66 billion, with an increase of 0.63%. Lower, USD1 reached $4.43 billion, but fell 2.12% over the period observed.

The ranking also shows a resurgence on several products. Ethena's USDe rose by 1.6% to $3.96 billion. PayPal's PYUSD advances 1.11%, while Blackrock's BUIDL gains 5.81% to $2.986 billion. USYC also increased by 2.68%, to $2.981 billion, which reinforces the place of tokenized products backed by the US Treasury among the most influential stablecoins.

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

In short, the market shows a gradual return of capital towards assets indexed to the dollar, with developments still uneven depending on the issuers. In this landscape, USDT confirms its position as king of stablecoins, thanks to a much higher capitalization and a market share which remains dominant. At the same time, Tether, the issuer of the asset, is also expanding its activities into the Bitcoin mining sector, which underlines a broader strategy around crypto infrastructure. The coming weeks will allow us to see whether this dynamic benefits the entire sector or especially the players already established.