Market News

Stablecoin Market Sees $703M Inflow While BlackRock's BUIDL Soars 36%

The stablecoin sector experienced a substantial influx of $703 million this past week.

Despite this increase, the market remains down 0.61% month-over-month, indicating a $1.9 billion decline in overall valuation.

BlackRock’s stablecoin, BUIDL, emerged as the standout performer, surging 36.03% to achieve a market cap of approximately $2.462 billion.

The overall dollar-pegged economy now totals $307.87 billion, as reported by defillama.com.

Dominating the sector, Tether (USDT) and Circle's USDC retain a combined market share of 83.62%.

While USDT saw a slight decrease of 0.10%, USDC managed a 0.74% gain, raising its market cap to $73.794 billion.

Sky Dollar (USDS) followed with a market cap of $6.852 billion after a 3.80% gain, while Ethena’s USDe slipped 1.65%.

As capital flows into yield-bearing stablecoins, approximately 6.66% of the sector is now designated for income-generating options.

This shift indicates that future competition in the stablecoin market may increasingly revolve around not just stability, but also yield generation.

Overall, the momentum suggests that investments in treasury-backed stablecoins are poised to redefine the landscape of digital currencies.