Stablecoin Market Surpasses $313 Billion as USDS Leads Gains

Fiat-pegged stablecoins drive liquidity as USDS tops weekly gains in a market surpassing $313 billion.

2026-03-07

The stablecoin market has reached a new milestone, surpassing $313 billion in total value. Sky’s USDS led the weekly gains among the top fiat-pegged coins, rising 8.5% over the past seven days. Tether (USDT) remains the dominant issuer with a market cap of $183.93 billion, even as gains slowed to 0.16% for the week.

Its market share has slightly decreased to 58.76%. Circle’s USDC rose 2.79%, reaching a $77.38 billion market cap. Sky Dollar (USDS) holds third place with a $7.54 billion market cap, marking the highest percentage growth among the top ten.

The stablecoin sector remains a crucial component of the digital asset economy, providing dollar-linked liquidity. As competition among issuers intensifies, the market continues to attract fresh capital, with more than $313 billion now circulating in fiat-pegged tokens.