# Stablecoin market cap falls to $294.62 billion as Plasma posts 10.73% weekly growth

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/investing/50082
Published: 2026-11-06T12:42:51.000Z
Updated: 2026-11-06T12:42:51.000Z
Section: Investing

> Stablecoin market capitalization fell 1.61% over the week to $294.62 billion. Plasma led chain growth at 10.73%, followed by Arc at 10.47%, while PayPal USD contracted 12.3%.

Stablecoin market capitalization fell 1.61% over the week to $294.62 billion. Plasma led chain growth at 10.73%, while PayPal USD (PYUSD) contracted 12.3%.

The market remained below $300 billion, with Plasma and Arc recording gains despite the broader weekly decline.

Total stablecoin market capitalization stood at $294.62 billion, down $4.83 billion over seven days.

Market capitalization declined 0.16% over one day and 4.21% over 30 days, extending the contraction across both periods.

Tether (USDT) held the largest share at 60.17%, with a market capitalization of $177.26 billion. USD Coin (USDC) ranked second at $70.54 billion.

Sky Dollar (USDS) followed at $6.47 billion, ahead of Dai (DAI) at $4.7 billion and Ethena USDe (USDe) at $4.56 billion.

Weekly gainers included Open USD (OUSD), up 2.94%; USDD, up 2.25%; and Ripple USD (RLUSD), up 2.24%. PayPal USD fell 12.3%, USDGO declined 11.81%, and Global Dollar (USDG) dropped 11.54%.

Ethereum held the largest stablecoin market capitalization among chains at $136.56 billion.

Tron ranked second at $94.38 billion, followed by Solana at $14.76 billion, BSC at $13.19 billion, Hyperliquid L1 at $6.68 billion and Base at $5.04 billion.

Plasma led weekly chain gains at 10.73%, followed by Arc at 10.47% and Aptos at 5.75%. Avalanche declined 15.62%, XRPL fell 8.84%, and X Layer dropped 5.18%.

Onchain transfer value across tracked stablecoins totaled $9.90 trillion over the past 30 days, up 46.11% from the previous month.