The Stablecoin market was blown past the $300 billion milestone, but it didn’t stop there. Over the past week alone, the sector has inflated another $6.155 billion.
From Tether to Pues: Stablecoin Giants drives $32.2 billion of liquidity waves
Between September 28th and October 5th, 2025, Fiat Peg’s token economy rose by more than 2%, with another $61.555 billion worth of stubcoins entering the circulation. As of Sunday, the sector’s total value was covered by $30.2879 billion, according to Stablecoin Stats on Defilama.com.
Tether’s USDT remains the heavyweight champion, claiming that over 58% of its pie has a market capitalization of $17.701.8 billion. USDT filled the lead this week, rising to 3.77% ($2641 million), accounting for 42.91% of the overall growth of the stubcoin sector thanks to Tether’s fresh mint.
Source: Defillama.com metrics on October 5th, 2025.
Circle’s USDC has added $1.676 billion to its stash. Now, after a tidy lift of 2.28%, I’m sitting pretty well for $7.584 billion. Ecena’s USDE continued its momentum, welcoming a new $491 million inflow and increasing its market capitalization to $1481.5 billion.
However, Sky’s Dai drifted slightly off the course. This week, the market capitalization of $5.037 billion fell by 1.70%. Sky Dollar (USDS) also did not exactly ignore gravity, resulting in a 5.85% dropping to $4.31 billion. In the global Liberty Financial section, the project’s USD1 tokens offer a hint for PEP, increasing 0.54% to $268.2 billion.
But the Show Steeler was the beadle of Black Rock, a bundle of gym rats, which rose 19.36% to $2.665 billion. Paypal’s Pyusd followed the lawsuit, stretching its built muscle to a massive 116% increase to $2.542 billion.
Meanwhile, Ethena’s USDTB increased 14.29% to $1.827 billion, with Falcon USD (USDF) managing the elegant 5.83% to $1.62 billion, and stabilizing the wings with Stablecoin Breeze. As the Stablecoin sector swells to new highs, the market hierarchy is not static.
Heavyweights keep their muscles rising and their ambitious growth. If this rhythm is maintained, the next extended leg could reconstruct how fluidity flows.
