Stablecoins got here again to life this week, with $823.09 million leaving the sector over the previous seven days, pushing the whole down by 0.27%. The toughest hit was BlackRock's BUIDL, which fell 6.22% and fell from the highest 10 stablecoins by market capitalization to twelfth place.
A small variety of stablecoins play musical chairs
On the time of writing on Saturday, December 20, 2025, the stablecoin sector stays simply wanting the $310 billion threshold, reaching $309.294 billion, based on statistics from defillama.com. Tether (USDT) continues to carry the highest spot when it comes to market capitalization, with $186.288 billion, accounting for 60.23% of the whole. USDT barely rose 0.01% for the week, including one other $14.68 million.
Circle USDC took a step again this week, shedding $1.311 billion in valuation, leading to a 1.67% market cap decline. As of December 20, USDC's market capitalization was $77.109 billion. Sky (previously MakerDAO) and its stablecoin USDS rose 1.11% this week, including $71.47 million to its coffers. Ethena's USDe, which had been scuffling with weekly declines, took one other hit with a 1.41% decline as $91.91 million fell off its market capitalization.
Whole stablecoin market valuation for Saturday, December 20, 2025 (through defillama.com).
Presently, the market capitalization of USDS is $6.53 billion, whereas USDe is $6.433 billion, and Ethena's token has fallen to fourth place. Sky's legacy DAI token fell 1.28% this week, dropping $59.35 million, leaving the DAI market value $4.576 billion in fifth place. Paypal's PYUSD moved in the wrong way, rising 0.22% so as to add $8.66 million, lifting its market cap to $3.872 billion and securing sixth place.
seventh place belongs to World Liberty Monetary's USD1 stablecoin, a DeFi undertaking backed by the Trump household. Roughly $4.4 million has flowed into USD1 this week, pushing it up 0.16% to a market capitalization of $2.788 billion. Falcon Finance's USDf checked in at $2.108 billion after a modest 0.09% rise over the previous seven days, whereas Circle's USDY rose 5.09% this week to maneuver into ninth place. Much like Blackrock's BUIDL, USDY is a Treasury-backed stablecoin.
USDY's market capitalization elevated to $1.415 billion following an influx of $68.53 million in new capital. Holding the tenth slot within the third week of December was Ripple’s RLUSD, which rose 3.21% to $42.2 million, bringing its complete valuation to $1.359 billion. World Greenback (USDG) managed to keep up its eleventh place after gaining 5.79% this week, including $69.76 million to its belongings, rising to $1.274 billion as of December twentieth.
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Then there’s BUIDL, a BlackRock Treasury-backed stablecoin issued by Securitize. BUIDL, like Ethena's USDe, has endured an extended interval of capital outflows. Over the previous week, BUIDL has fallen 6.22%, chopping $82.16 million from its present market cap of $1.239 billion. About 56 days in the past, on October twenty fifth, BUIDL was valued at $2.688 billion, and since then, $1.449 billion has quietly come out.
General, the week has been extra of a lull than a panic, with funds transferring between issuers somewhat than heading for exits. The highest of the desk held its place firmly and the center continued to swap seats, with Treasury-backed tokens yielding various outcomes relying on who was on the helm. As December attracts to a detailed, the stablecoin market seems content material to face nonetheless, quietly separating momentum performs from the remainder of the pack.
Often requested questions 🪑
- Why did the stablecoin market fall this week?The sector noticed $829.09 million outflows in seven days as funds have been rotated amongst main issuers somewhat than exiting crypto utterly.
- What’s the present measurement of the stablecoin market?As of December 20, the worldwide stablecoin market was value $309.294 billion, slightly below $310 billion.
- Which stablecoin misplaced probably the most floor this week?BlackRock's BUIDL and Circle's USDC posted the week's largest declines in market capitalization.
- Which stablecoins have profited this week?USDS, PYUSD, USDY, RLUSD, USDG, and USD1 all recorded small weekly will increase in market worth.
