The combined market cap of the stablecoins has gone beyond the $300 billion mark for the first time, signaling a new high value ever recorded by the sector. As per the live data provided by DeFiLlama, the sum of stablecoin values has reached $301 billion, which is a 2% increase from the previous week and a 6.5% increase in the last 30 days. These gains are made amidst a resurgence of activity across the crypto markets, with both retail and institutional investors putting in fresh money.
Source: TradingView
Tether (USDT) is still in the lead of the stablecoin market and has a 58% share of the market with a market cap of $176.3 billion, which is an increase from $173 billion just three days ago. Circle’s USDC is behind at $74 billion and makes up 24.5% of the market, Ethena’s USDe at $14.8 billion, and MakerDAO’s DAI at $5.0 billion follow respectively. Although the supply of stablecoins has been the strongest indicator of money flows into the crypto ecosystem, they have not lost their main functions as instruments in trading, payments, and as a store of value during turbulent times.
Stablecoins that are linked to fiat currencies such as the U.S. dollar are really attractive because they eliminate the huge price volatility that can be experienced in crypto markets. Thus, stablecoins are at the same time a store of value and a main means of crypto trading, and they can be used as a payment for the cross-border transfer of funds, as well as for the whole gamut of decentralized finance (DeFi) applications.
The sector’s growth is not only sustained but also reflects signs of its coming of age, with a 20% quarterly growth rate in Q3 2025, exceeding the performance of several traditional asset classes. The regulatory measures, exemplified by the U.S. GENIUS Act, are going a long way in providing more defined channels for dollar-pegged tokens, thus giving a boost to institutional trust.
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The expansion in the stablecoin market is not a stand-alone event but is actually happening in the context of a broader crypto market recovery. In the past seven days, Bitcoin has made a 9.6% upward move, and at the last check, it was trading at $119,972. Its current market cap is just over $2.4 trillion. Ethereum has rallied 13.3% to $4,498.57, and the market cap is estimated to be $542 billion. These profits have enticed new money to flow into the market, which in turn is causing the higher demand for stablecoins that is being implemented by the traders and the investors who want to both take advantage of the volatility and, at the same time, keep their assets in liquid form.
