After 22 Months of Growth, Stablecoin Market Cap Reaches $261 Billion

Cryptocurrency

In July, the stablecoin sector hit another milestone — its total market capitalization reached a new all-time high of $261 billion, marking a 4.87% increase compared to the previous month.

This achievement came as a result of an unprecedented 22-month streak of continuous growth in the stablecoin market.

According to CoinDesk’s "Stablecoins and CBDC" report, trading volume of stablecoin pairs on centralized exchanges hit $1.60 trillion in July, coinciding with the broader growth of digital assets driven by corporate adoption.

The report notes that Tether (USDT) continues to lead the sector, with its market cap rising 3.61% to $164 billion in July. However, its market share slightly declined from 62.5% to 61.8%.

USD Coin (USDC) also performed well, increasing 3.78% to $63.6 billion, while Ethena USDe surged by an impressive 43.5% to $7.60 billion.

The report highlights that USDf by Falcon Finance recorded the highest growth among the top 10 stablecoins — a 121% increase, reaching $1.07 billion.

In contrast, BUIDL by BlackRock and FDUSD by First Digital Labs showed negative performance, declining 15.9% and 8.54%, respectively — to $2.40 billion and $8.54 billion.

Top 10 Stablecoins by Market Capitalization:

1. Tether (USDT)

2. USD Coin (USDC)

3. Ethena USDe

4. Sky Dollar

5. Dai

6. BlackRock USD (BUIDL)

7. World Liberty Financial USD (USDD)

8. Ethena USDtb

9. First Digital USD (FDUSD)

10. Falcon USD (USDf)

These developments have prompted governments and traditional financial institutions to soften their stance toward the adoption of crypto-backed stablecoins.

See also: "Bitcoin Surges Above $117,000 Following Trump’s Executive Order on Retirement Plans"

#Stablecoins #Capitalization

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