Based on the latest figures, the stablecoin economy has edged beyond its mid-December all-time high (ATH), clearing the previous record by $364 million and gliding well above the $310 billion threshold.
Stablecoins Enter the New Year With a New All-Time High
After a few weeks of mild pullbacks following the fiat-pegged crypto token economy’s peak at $310.062 billion on Dec. 12, 2025, the sector is kicking off 2026 with a freshly minted record on the books. As of this weekend, defillama.com data puts the stablecoin sector $364 million above that ATH, clocking in at $310.426 billion.
Over the past seven days, data shows $2.873 billion flowed into the digital fiat ecosystem, with $662.84 million of that coming from newly minted tether ( USDT). Tether now boasts a market cap of roughly $186.595 billion. Trailing USDT is Circle’s USDC, which added $1.741 billion as supply climbed 2.32% over the seven-day stretch. As of Jan. 16, USDC’s market valuation sits near $76.649 billion, according to defillama.com’s figures.
Ethena’s USDe posted a 2.57% gain this week, translating into a $162.21 million inflow. With a market cap hovering near $6.468 billion, USDe has muscled its way back into the sector’s third-largest stablecoin slot. Sky’s USDS, by contrast, slid 6.8% over the week, shedding $452.57 million. At press time, USDS carries a market valuation of $6.207 billion.
Sky’s DAI sits in fifth place at $4.687 billion after climbing 3.92% on the week, an increase of $176.81 million. Paypal’s stablecoin PYUSD inched up 0.97% over the same period, tacking on $35.54 million and bringing its market cap to $3.685 billion. World Liberty Financial’s stablecoin USD1 also edged up about 0.94%, pulling in $32.84 million and landing near a $3.509 billion valuation.
Falcon Finance’s USDf posted roughly $899,680 in outflows, trimming its market cap to $2.05 billion. Circle’s USYC wasn’t spared either, logging a 1.05% dip as outflows totaled about $15.92 million. By mid-January 2026, USYC’s overall market valuation sits near $1.503 billion. Closing out the top ten is Global Dollar’s USDG, which checks in at $1.442 billion.
USDG trimmed its market cap by 0.77% over the past week, parting with $11.25 million along the way. Sitting in 11th place, Ripple’s RLUSD dipped a modest 0.02%, or $244,604, across the seven-day window. RLUSD carries a market valuation of $1.385 billion at press time.
In the top 20 crew, just beneath RLUSD sits a tightly packed cohort of nine coins that mostly stayed in the green with steady inflows, led by Blackrock’s BUIDL at $1.267 billion after a 1.55% lift, followed by USDD at $962.21 million and M by M0 at $873.99 million. USDD climbed a solid 11.91%, while M barely budged, inching up just 0.01%.
Read more: XRP Could Explode as XRPL Targets Weak Links and Long-Trapped Liquidity
Ethena’s USDtb ($855.81 million) added 0.81%, Ondo’s USDY ($752.35 million) posted a sharper 12.13% move, USD.ai’s USdai ($662.99 million) edged higher by 0.53%, Usual’s USDO ($581 million) advanced 5.21%, United Stables’ U coin ($519.66 million) stood out with a 26.96% jump, and First Digital’s FDUSD wrapped up the top 20 at $506.18 million, up 2.12% on the week.
The latest figures over the last seven days point to a stablecoin market that is not only setting new records but also broadening its base, with gains spread well beyond the usual heavyweight names. While a handful of tokens slipped back, the bulk of the sector entered 2026 with fresh inflows, reshuffled rankings, and a growing cast of contenders quietly adding weight to an already hefty $310 billion-plus total.
FAQ 🧭
- What is the current size of the global stablecoin market?
The stablecoin market now stands at about $310.4 billion, marking a new all-time high in mid-January 2026. - Which stablecoins are driving the latest growth?
Tether’s USDT and Circle’s USDC led weekly inflows, with notable gains also coming from USDe, DAI, and several mid-tier tokens. - Why did stablecoin supply rise in early 2026?
New token minting and steady capital inflows lifted overall supply after a brief pullback in December. - What does this mean for the broader crypto economy?
Rising stablecoin supply points to expanding liquidity and wider participation across digital asset markets.