Inflows into the stablecoin sector were recorded over the past seven days, adding $1.242 billion, bringing the total to $317.134 billion as of Saturday, April 4th. Sky’s USDS was the week’s top gainer in terms of inflows, rising 9.57% over the same period.
Important points:
- Sky’s USDS led the top 10 gainers with a weekly gain of 9.57%, adding over $779 million in inflows.
- Tether holds 58.04% market power at $184 billion and a full financial audit is currently planned.
- The $317 billion stablecoin market processed $508 billion in serious payment volume last week.
Stablecoin market once again records inflows
The dollar-pegged crypto market was pushed to a new level this weekend, passing the $317 billion threshold, based on data compiled by defillama.com. Tether ( $USDT) leads the industry with a market share of 58.04%, supported by a market valuation of $184.076 billion. $USDT It recorded a slight increase of 0.03% for the week.
This is also true for leading stablecoin company Tether, which recently announced plans to undergo a full financial audit. every week, $USDT Although there are slight inflows and outflows, consolidation continues. 2nd place is Circle $USDC Its market capitalization is $77.42 billion, but it has fallen by 0.39% over the past week.
Sky’s USDS ranked third this week, registering a notable gain of around 9.57%, outperforming its top 10 cohort. USDS has a market capitalization of $8.924 billion, with an increase of over $779 million over the past week. Yield on Etena, the fourth largest stablecoin $USDewith a market capitalization of $5.888 billion, registered a slight decline of 0.26% in 7 days.
Finally, Sky’s DAI rounded out the top five with a market capitalization of $4.691 billion, showing a healthy weekly growth of 2.99%. meanwhile $USDe Although there was a slight decline for the week, the sharpest decline among the top 10 was $USDCthat 0.39% decline led to an outflow of more than $304 million. Together, these five assets account for the majority, or approximately 87.1%, of the total stablecoin market capitalization of $317.134 billion.
According to Crystal Intelligence, stablecoins generate approximately $1.96 trillion in total remittances, of which approximately $508 billion is attributable to genuine payment amounts. Overall, the stablecoin sector has steadily expanded and maintained its position, driven by a few strong players and a few standout movers like USDS.
