Stablecoin market cap falls to $288.45 billion as Arc grows 20.29%

Stablecoin market capitalization fell 1.74% over the past week to $288.45 billion. Six chains recorded growth, led by Arc at 20.29%, while Ethena USDe expanded 7.29%.

Arc posted the strongest weekly growth among the listed chains as the overall stablecoin market contracted.

Total stablecoin market capitalization stood at $288.45 billion, down approximately $5.1 billion over the week.

The total declined 0.56% over the past day and 5.39% over the past 30 days, extending the contraction across all three periods.

Tether (USDT) remained the largest stablecoin, with a market capitalization of $175.31 billion and a 60.78% market share. USD Coin (USDC) followed at $69.29 billion.

Sky Dollar (USDS) ranked next at $5.39 billion, followed by Ethena USDe (USDe) at $4.89 billion and Dai (DAI) at $4.65 billion.

Weekly gainers included Ethena USDe, up 7.29%; Open USD (OUSD), up 6.35%; and Ripple USD (RLUSD), up 2.68%. Sky Dollar fell 16.84%, World Liberty Financial USD (USD1) declined 12.8%, and USDGO dropped 7.03%.

Ethereum held the largest stablecoin market capitalization among chains, at $131.71 billion.

Tron followed at $93.96 billion, ahead of Solana at $14.11 billion, BSC at $12.89 billion, Hyperliquid L1 at $6.38 billion and Base at $5.25 billion.

Arc led weekly chain growth at 20.29%, followed by Avalanche at 15.25% and Plasma at 8.48%. Among the declining chains, XRPL fell 8.02%, Hyperliquid L1 dropped 4.48% and Ethereum decreased 3.4%.

Onchain stablecoin transfer volume over the past 30 days totaled $8.71 trillion, up 23.71% from the preceding period.