Stablecoin Market Sheds $12.4 Billion Over 62 Days Since Mid-May, Largest Contraction Since 2022

USDG0.01%
According to defillama.com data as of July 18, 2026, the stablecoin market lost $12.4 billion over the past 62 days since May 17, marking the largest sector contraction since 2022. Tether's USDT held steady at $184.055 billion market cap with a 0.06% weekly decline, while Circle's USDC remained at $73.376 billion with a 0.04% dip. Sky's USDS experienced the steepest drop among top 10 stablecoins, falling 12.30% to $6.66 billion, while Global Dollar's USDG posted the strongest gain at 9.08%, reaching $3.164 billion.
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