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Home Crypto Updates

Top 5 Stablecoins Capture Nearly 90% of Sector as Market Contracts This Week

Digital Pulse by Digital Pulse
May 23, 2026
in Crypto Updates
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Top 5 Stablecoins Capture Nearly 90% of Sector as Market Contracts This Week
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Key Takeaways

Tether held 58.65% of the stablecoin market because the sector slipped to $323.052 billion.World Liberty Monetary’s USD1 jumped 6.20%, including roughly $281 million in inflows.Ethena USDe and Paypal PYUSD gained over 4%, signaling continued stablecoin competitors.

Stablecoin Sector Attracts a Lack of $90.01 Million in Internet Outflows

Because the broader crypto economic system weathered a widespread pullback this week, the stablecoin sector recorded roughly $90.01 million in internet outflows. As of Saturday, Might 23, 2026, the market stands at $323.052 billion, with a number of of the highest ten stablecoin contenders posting declines, defillama.com stats present. Tether ( USDT) registered a slight weekly decline of 0.12% over the previous seven days.

Stablecoin market cap through defillama.com on Might 23, 2026

On the similar time, Circle’s USDC maintained its place because the second-largest stablecoin by market capitalization, holding a valuation of $76.619 billion regardless of posting a 0.58% dip on the week. Taking the third spot is Sky’s USDS, which carries a market capitalization of $8.861 billion whereas posting a constructive seven-day achieve of 0.79%.

In the meantime, World Liberty Monetary’s USD1 has firmly secured fourth place, reaching a market cap of $4.801 billion and recording the strongest weekly enlargement among the many prime 5 stablecoins with a 6.20% improve. Roughly $281 million in inflows poured into USD1 throughout the interval.

Rounding out the highest 5 is Sky’s veteran stablecoin DAI, which holds a market capitalization of $4.574 billion after slipping 0.85% over the trailing seven-day stretch. Mixed, the highest 5 stablecoins command roughly $284.323 billion in market worth, representing 88.01% of the whole stablecoin economic system’s internet capitalization.

Ethena’s USDe occupies the sixth place amongst stablecoins this weekend with a market cap of $4.443 billion, posting a notable weekly achieve of 4.96%. Shut behind in seventh place is Paypal’s PYUSD, which carries a market worth of $3.607 billion alongside a gentle 4.26% climb over the previous seven days.

Alongside this, Blackrock’s BUIDL claims the eighth spot with a market capitalization of $3.055 billion, although it skilled a 5.29% weekly decline. Circle’s related Treasury-backed product, USYC, ranks ninth, holding a $2.983 billion valuation paired with a modest 0.36% achieve throughout the identical stretch.

Rounding out the highest ten is World Greenback’s USDG, which instructions a market capitalization of $2.633 billion regardless of absorbing a steep 9.62% contraction over the week. Regardless of modest outflows and a handful of weekly declines, the stablecoin sector continues to operate as one among crypto’s largest liquidity strongholds, with a whole lot of billions nonetheless parked throughout dollar-pegged belongings.

The newest figures additionally reveal an more and more top-heavy market construction, because the 5 largest stablecoins alone account for greater than 88% of the sector’s complete valuation. Even amid broader crypto weak spot, different opponents resembling USD1 and USDe proceed attracting capital.



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Tags: CaptureContractsMarketSectorStablecoinsTopweek
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