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 outflows of $1.555 billion since July 11, marking one of the larger contractions in over four years.

As of July 18, the market cap of Tether's USDT stood at $184.055 billion, while Circle's USDC had a market cap of $73.376 billion. Over the past week, USDT decreased by 0.06%, and USDC decreased by 0.04%. Sky's USDS had a market cap of $6.66 billion, declining by 12.30% over the past week, the largest drop among the top ten stablecoins.

World Liberty Financial's USD1 decreased by 4.59%, while Sky's DAI fell 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 gain among the top ten stablecoins. PayPal's PYUSD increased by 1.60% to $2.877 billion, while Circle's USYC and BlackRock's BUIDL decreased by 3.64% and 8.68%, respectively.