Stablecoin Market Sees $12.413 Billion Outflow in 62 Days, USDT Market Cap Still Exceeds $184 Billion

According to Defillama data, the stablecoin market has seen an outflow of $12.413 billion over 62 days since May 17, 2026, with $1.555 billion flowing out since July 11, marking one of the larger contractions in over four years. 

As of July 18, Tether's USDT market cap stood at $184.055 billion, and Circle's USDC market cap was $73.376 billion. Over the past week, USDT declined by 0.06%, and USDC fell by 0.04%. Sky's USDS market cap was $6.66 billion, dropping 12.30% over the week, the largest decline among the top ten stablecoins.

World Liberty Financial's USD1 fell by 4.59%, and Sky's DAI decreased by 0.43%. Global Dollar's USDG rose by 9.08% over the past week, reaching a market cap of $3.164 billion, the highest increase among the top ten stablecoins. PayPal's PYUSD rose by 1.60% to $2.877 billion, while Circle's USYC and BlackRock's BUIDL fell by 3.64% and 8.68%, respectively.