Stablecoins Take a Second Week Dip as $1.2B Slips out the Door

The stablecoin sector notched its second straight weekly pullback, with $1.244 billion — about 0.41% — slipping out the door. That dip tags along right after the previous week, when $1.925 billion quietly vanished from the pile. When the stablecoin pool shrinks like this, it usually signals capital tiptoeing out of the crypto arena and into fiat or other corners of the market.

Two-Week Slide Continues as Stablecoins Lose Capital

This weekend, stablecoin data from defillama.com pegs the fiat-pegged economy at $304.246 billion following the week’s 0.41% reduction. Over the past seven days, the stablecoin sector delivered a full spectrum of mood swings. Tether’s USDT, still standing tall as the heavyweight at $183.896 billion, squeezed out a modest 0.16% lift — the kind of move that barely gets a nod.

USDT’s valuation accounts for 60.44% of the entire $304.246 billion fiat-pegged token sector. Circle’s USDC at $74.498 billion slid 1.20%, the stablecoin equivalent of sighing loudly. Ethena’s USDe, holding $8.094 billion, face-planted with a much higher 6.10% drop, easily one of the week’s biggest sulks. USDe took a significant hit last week as well.

Sky’s USDS at $5.747 billion dipped 0.65%, a polite little stumble. While the same project’s older stablecoin, DAI, carrying $4.851 billion, slipped 0.46%, like it stepped on a Lego. Paypal’s PYUSD stablecoin at $3.417 billion strutted through with a loud 22.20% jump, basically the only one that showed up caffeinated.

During the same timeframe, the Trump-backed World Liberty Financial and its stablecoin USD1 at $2.846 billion fell 1.04%, trying not to make a scene but still did. Blackrock’s BUIDL, worth $2.28 billion, tanked -11.62%, a full dramatic exit worthy of a slow-clap. Like USDT, Falcon Finance’s USDf at $2.003 billion squeaked out a 0.12% lift, the bare minimum of effort.

On another side of Ethena’s spectrum, the stablecoin USDtb at $1.533 billion plunged 16.30% lower, winning the most dramatic award by miles. Ripple’s RLUSD stablecoin at $1.089 billion glowed with a clean 3.66% increase, while Circle’s USYC at $1.077 billion topped off the chaos with a confident 9.54% rise, reminding everyone that sometimes the new kid really does have main-character energy.

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Ethena USDtb (USDTB) at $1.533 billion plunged -16.30%, winning the “most dramatic” award by miles. Ripple USD (RLUSD) at $1.089 billion glowed with a clean +3.66%, while Circle‘s USYC at $1.077 billion topped off the chaos with a confident +9.54%, reminding everyone that sometimes the new kid really does have main-character energy.

In all, the week wrapped with the stablecoin sector looking like a cast of characters each committed to their own brand of theatrics — some tiptoeing lower, others flopping dramatically, and a few strutting with unearned confidence. Whether this capital exit cooldown becomes a trend or just a quick mood swing, the sector’s mixed signals suggest traders are still figuring out where they want their dry powder to sit next.

FAQ ❓

• What caused the stablecoin sector’s second weekly dip?

Capital flowed out of major stablecoins, leading to a combined $1.2B decline across the market.

• Which stablecoins saw the biggest moves this week?

Tokens like USDe and USDtb posted the steepest drops, while PYUSD and USYC showed notable gains.

• How large is the stablecoin market after the latest drawdown?

Metrics from defillama.com place the sector at $304.246 billion following the $1.2B reduction.

• What does a shrinking stablecoin market suggest for traders?

A contracting sector often signals funds shifting from crypto into fiat or other assets.