Stablecoins caught their breath this week, with $823.09 million slipping out of the sector over the previous seven days, nudging the entire down by 0.27%. The heaviest hit got here from Blackrock’s BUIDL, which logged a 6.22% trim and was bumped from the highest ten stablecoins by market cap, touchdown at No. 12.
A Few Stablecoins Play Musical Chairs
At press time on Saturday, Dec. 20, 2025, defillama.com stats present the stablecoin sector is hovering simply shy of the $310 billion threshold, clocking in at $309.294 billion. Tether ( USDT) continues to carry the crown by market cap with $186.288 billion, accounting for 60.23% of the entire. USDT posted a barely-there 0.01% weekly uptick, with an extra $14.68 million tacked on.
Circle’s USDC took a step again this week, with its market cap sliding 1.67% as $1.311 billion peeled off its valuation. As of Dec. 20, USDC’s market cap sits at $77.109 billion. Sky, previously MakerDAO, and its stablecoin USDS logged a 1.11% achieve this week, with $71.47 million added to its coffers. Ethena’s USDe, which had been wrestling with weekly declines, took one other hit with a 1.41% pullback as $91.91 million exited its market cap.
Whole stablecoin market valuation on Saturday, Dec. 20, 2025, through defillama.com.
USDS now carries a market cap of $6.503 billion, whereas USDe stands at $6.433 billion, pushing Ethena’s token all the way down to the fourth spot. Sky’s legacy DAI token slipped 1.28% this week, shedding $59.35 million and leaving the DAI market valued at $4.576 billion in fifth place. Paypal’s PYUSD moved the opposite route, including $8.66 million on a 0.22% achieve, lifting its market cap to $3.872 billion and securing the sixth spot.
Seventh place belongs to World Liberty Monetary’s USD1 stablecoin, the DeFi venture backed by the Trump household. Roughly $4.4 million flowed into USD1 this week, nudging it up 0.16% to a market cap of $2.788 billion. Falcon Finance’s USDf checks in at $2.108 billion after a modest 0.09% carry over the previous seven days, whereas Circle’s USDY climbed into ninth place this week with a 5.09% advance. Like Blackrock’s BUIDL, USDY is a Treasury-backed stablecoin.
USDY’s market cap elevated to $1.415 billion following a $68.53 million influx of recent capital. Holding the tenth slot throughout December’s third week is Ripple’s RLUSD, which rose 3.21% and picked up $42.2 million, bringing its whole valuation to $1.359 billion. World greenback (USDG) managed to hold on to the eleventh place this week after a 5.79% achieve, with $69.76 million added to its stash, lifting it to $1.274 billion as of Dec. 20.
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Then there’s BUIDL, Blackrock’s Treasury-backed stablecoin issued by Securitize. BUIDL, very similar to Ethena’s USDe, has endured prolonged stretches of outflows. Over the previous week, BUIDL shed 6.22%, trimming $82.16 million from its market cap, which now sits at $1.239 billion. Roughly 56 days in the past, BUIDL was valued at $2.688 billion on Oct. 25, and since then, $1.449 billion has quietly slipped out the door.
General, the week seemed extra like a pause than a panic, with funds shifting between issuers reasonably than bolting for the exits. The highest of the desk stayed firmly in place, the center ranks saved swapping seats, and Treasury-backed tokens delivered combined outcomes relying on who was on the helm. As December winds down, the stablecoin market seems content material to tread water whereas quietly separating momentum performs from the remainder of the pack.
FAQ 🪑
- Why did the stablecoin market dip this week?The sector noticed $829.09 million circulation out over seven days as capital rotated amongst main issuers reasonably than exiting crypto altogether.
- What’s the present measurement of the stablecoin market?As of Dec. 20, the worldwide stablecoin market stands at $309.294 billion, just under the $310 billion mark.
- Which stablecoins misplaced essentially the most floor this week?Blackrock’s BUIDL and Circle’s USDC posted the biggest weekly declines by market cap.
- Which stablecoins gained throughout the week?USDS, PYUSD, USDY, RLUSD, USDG, and USD1 all recorded modest weekly will increase in market worth.
