Stablecoin Market Cap Drops $12.4B in 62 Days, USDT Holds Above $184B

Stablecoin sector contracts by $12.4B over 62 days, with USDT retaining $184B market cap. USDS suffers 12.3% weekly decline while USDG gains 9.1%.

Woofun AI data shows that the stablecoin market recorded a total outflow of $12.413 billion between May 17 and July 18, 2026, including $1.555 billion withdrawn since July 11. Tether's USDT maintained a market capitalization of $184.055 billion, while Circle's USDC stood at $73.376 billion. Over the preceding week, USDT and USDC declined by 0.06% and 0.04%, respectively. Sky's USDS fell 12.30% to $6.66 billion, marking the steepest drop among top ten assets. Conversely, Global Dollar's USDG rose 9.08% to $3.164 billion. PayPal's PYUSD grew 1.60% to $2.877 billion, whereas Circle's USYC and BlackRock's BUIDL decreased by 3.64% and 8.68%.