6 December 2025

Stablecoin Market Approaches 309 Billion All-Time High
The stablecoin market is gaining momentum, nearing its all-time high of 309 billion after a recent influx of 2.26 billion. As of December 6, the total market cap stands at 308.435 billion, requiring just a 0.1864 increase to surpass its previous peak.
Tether s USDT dominates the market with a significant 60.22 share and a market cap of approximately 185.726 billion. Over the past week, USDT contributed 47.52 of the sector s growth, adding 1.074 billion. Circle s USDC also saw a rise, increasing by 2.09 to reach about 77.8 billion, while Ethena s USDe experienced a decline of 6.84 , settling at 6.731 billion.
Other stablecoins had mixed performances: Sky dollar USDS rose by 3.72 to 6.064 billion, Dai fell by 2.77 to 4.633 billion, and Paypal s PYUSD decreased by 0.70 to 3.834 billion. World Liberty Financial s USD1 and Falcon s USDf saw slight increases of 0.28 and 0.08 respectively. However, Blackrock s BUIDL faced a significant drop of 15.32 to 1.523 billion, while Circle s USYC rose by 8.03 to 1.294 billion.
With capital flowing into the sector and stablecoins vying for position, the market is poised to break its previous record with just a slight push. The ongoing growth suggests that the race towards a new peak is far from slowing down.