Stablecoin market cap falls to $304.89 billion as Arc grows 33.51%

Stablecoin market capitalization fell 0.41% over the past week to $304.89 billion, while Arc recorded a 33.51% increase. Tether's market share stood at 59.86%.

The overall market contracted modestly, even as stablecoin supply expanded on Arc, Plasma and BSC.

Total stablecoin market capitalization declined by $1.25 billion over the week to $304.89 billion.

Market capitalization rose 0.06% over the past day but was down 0.37% over 30 days, showing little net change over the month.

Tether (USDT) remained the largest stablecoin, with a market capitalization of $182.51 billion and a 59.86% market share. USD Coin (USDC) ranked second at $72.09 billion.

Sky Dollar (USDS) followed at $6.88 billion, ahead of Dai (DAI) at $4.75 billion and Ethena USDe (USDe) at $4.60 billion.

Among weekly gainers, USDGO rose 3.96%, PayPal USD (PYUSD) increased 2.60% and United Stables (U) gained 2.36%. Ethena USDe declined 2.73%, Sky Dollar fell 2.71% and World Liberty Financial USD (USD1) dropped 2.44%.

Ethereum held the largest stablecoin market capitalization among chains at $143.79 billion.

Tron ranked second at $94.75 billion, followed by Solana at $15.69 billion, BSC at $13.11 billion, Hyperliquid L1 at $7.04 billion and Base at $5.15 billion.

Weekly stablecoin market capitalization increased 33.51% on Arc, 0.38% on Plasma and 0.07% on BSC. XRPL recorded a 9.36% decline, while Avalanche fell 2.57% and Base dropped 2.09%.

Stablecoin on-chain transfer value over the past 30 days totaled $10.31 trillion, up 33.23% from the previous month.