Stablecoin market sees $12.413 billion outflow in 62 days, USDT market cap still exceeds $184 billion

Odaily Odaily reports that according to Defillama data, the stablecoin market has experienced an outflow of $12.413 billion in 62 days since May 17, 2026, with $1.555 billion flowing out since July 11, marking one of the more significant contractions in over four years. 

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

World Liberty Financial's USD1 fell 4.59%, and Sky's DAI fell 0.43%. Global Dollar's USDG rose 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 1.60% to $2.877 billion, while Circle's USYC and BlackRock's BUIDL fell 3.64% and 8.68%, respectively.