Over the past two months, the stablecoin economy has been tightening its belt, trimming $12.413 billion since mid-May. In just the last week, the sector said goodbye to another $1.555 billion.
Key Takeaways
Defillama data shows stablecoins lost $12.4B since May 17, 2026, marking the biggest pullback since 2022.Tether’s USDT held $184.1B as Sky’s USDS dropped 12.3%, revealing widening issuer divergence.Global Dollar’s USDG climbed 9.08%, signaling yield and utility may drive the next phase of competition.
