According to ChainCatcher, amid ongoing adjustments in the crypto market, the overall market capitalization of stablecoins has decreased by approximately $10 billion, bringing the current total market cap to around $300 billion. Over the past quarter, the total supply of USDT declined from $189.8 billion to $184.1 billion, with a net outflow of $5.7 billion; USDC dropped from $79.6 billion to $73 billion, with a net outflow of $6.6 billion—the largest outflow among all stablecoins.
Stablecoin market cap drops $10B in Q1 2026, USDC sees largest outflow
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Summary
The stablecoin market cap declined by $10 billion in Q1 2026, now standing at $3 trillion. USDT supply decreased by $5.7 billion to $184.1 billion, while USDC lost $6.6 billion—the largest outflow. Crypto market activity reflects shifting preferences; altcoins to watch may gain momentum as demand for stablecoins softens.
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