Stablecoin market cap falls to $300.83 billion as Arc grows 30.23%

Stablecoin market capitalization fell 1.12% over the past week to $300.83 billion. Arc recorded weekly growth of 30.23% among chains, while Ripple USD led token gainers with a 6.91% increase.

Arc's expansion stood out as the broader stablecoin market contracted, with most leading tokens and chains recording weekly declines.

Total stablecoin market capitalization stood at $300.83 billion, down $3.40 billion over the week.

The total declined 0.17% over the past day and 2.09% over the past 30 days, extending the contraction across both periods.

Tether (USDT) remained the largest stablecoin, with a market capitalization of $180.34 billion and a 59.95% market share. USD Coin (USDC) ranked second at $71.73 billion.

Sky Dollar (USDS) followed at $6.51 billion, ahead of Dai (DAI) at $4.74 billion and Ethena USDe (USDe) at $4.53 billion.

Weekly gainers included Ripple USD (RLUSD), up 6.91%; Open USD (OUSD), up 5.89%; and PayPal USD (PYUSD), up 0.82%. USDD declined 15.84%, USDGO fell 3.73%, and Sky Dollar (USDS) lost 3.59%.

Ethereum held the largest stablecoin market capitalization among chains at $141.30 billion.

Tron ranked second at $94.55 billion, followed by Solana at $15.17 billion, BSC at $13.08 billion, Hyperliquid L1 at $6.89 billion and Base at $5.14 billion.

Arc grew 30.23% over the week, followed by XRPL at 4.96% and Avalanche at 1.38%. Aptos contracted 10.07%, while Solana declined 3.15% and Arbitrum fell 2.86%.

Tracked stablecoin onchain transfers totaled $10.09 trillion over the past 30 days, an increase of 38.53% from the preceding month.