Stablecoins Surpassed $311 Billion in Market Cap
The total value of dollar-pegged stablecoins has surpassed a new record of $311 billion amidst broad-based sell pressure in the cryptocurrency market, trading data obtained from CoinMarketcap.com revealed
Their combined market cap suggests stablecoins are no longer a side niche; they are one of the biggest “sectors” in crypto by dollar value.
The boom, according to crypto analysts, is supported by US stablecoin legislation such as the GENIUS Act, and policy debates around yield-bearing stablecoins under the CLARITY Act process.
These market fundamentals are pushing issuers toward higher quality reserves while also giving institutions more legal comfort to use them.
Stablecoins reaching roughly $311 billion in market cap, near one tenth of total crypto value, show how central tokenized dollars have become, just as speculative coins struggle.
According to the market report, stablecoin supply briefly peaked around $311.3 billion this week, led by USDT and USDC, before easing slightly to about $309 billion.
The record comes while Bitcoin and altcoins fall sharply, suggesting investors are parking in stablecoins as a defensive, dollar-like asset inside crypto. Future growth will hinge on regulation, yields, and how deeply banks and fintechs integrate stablecoins into payment and settlement rails.
Industry trackers report that the combined market cap of major stablecoins climbed to a new all-time high above $311 billion, with DeFiLlama data showing a peak near $311.332 billion on 18 January and a current level around $309.066 billion.
Both a Yahoo Finance recap and a Decrypt analysis highlight that Tether (USDT) accounts for over $187 billion of that total and Circle’s USDC around $74 billion, with newer entrants like the Trump-linked USD1 and other niche stablecoins making up most of the recent incremental growth rather than the giants materially expanding supply.
With a total crypto market cap of around $3 trillion over the last day, stablecoins now represent a very large slice of the ecosystem by value, even though they are designed to stay near 1 dollar in price.
The record stablecoin cap coincides with broad risk-off conditions, with Bitcoin trading below $90,000 and hundreds of millions of dollars in leveraged positions liquidated over 24 hours, according to the same DeFiLlama and derivatives data.
Rising stablecoin supply during a drawdown usually signals risk aversion plus latent buying power that could re-enter risk assets if conditions improve.
Circle’s CEO has publicly projected roughly 40 percent annual growth for the sector, arguing that stablecoins are becoming core financial infrastructure, with banks and payment networks increasingly settling flows in tokens like USDC.
At the same time, higher real yields on US Treasuries and tighter rules in the US and Europe make non-yielding or lightly regulated stablecoins less attractive as a pure “cash-plus” trade, which could cap growth if usage does not keep expanding into payments, remittances, and on-chain finance. Crude Oil Prices Edge Higher as U.S. Delays Action in Iran

