Tether lost $791 million this week, a single-token drop that accounted for 41% of the $1.9 billion pulled from the entire stablecoin market. Most of its top competitors also finished lower, with USDC shedding 1.05% and Sky Dollar plunging 2.36%.
Key Takeaways:
Tether’s USDT held a $184.112 billion market cap and a 59.14% dominance share this week.Paypal’s PYUSD posted the top gain among the top 15, rising 4.25% to $2.836 billion.Sky Dollar’s USDS fell 2.36%, the steepest weekly drop among the top 15 stablecoins.Among the bottom five in the top 15, gains outnumbered losses. Ondo’s USDY stayed nearly flat, down 0.01% to $2.157 billion. Falcon’s USDf rose 0.24% to $1.258 billion. United stables (U) gained 0.81%, closing the week at $1.023 billion, its first time crossing the $1 billion threshold in recent weeks. The split between small and large token performance stood out as one of the clearer patterns in this week’s data.
Where Newer Stablecoins Fit In What Traders Are Watching Now
