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Stablecoin market shrinks by $12.4B since May, with Tether steady amid sector shakeup

Market News
18 Jul 2026
Bitcoin
View Source
Neutral
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Since mid-May 2026, the stablecoin market has contracted by over $12.4 billion, marking its largest pullback in four years. Despite this, Tether's USDT remains dominant with a market cap of $184 billion, showing minimal decline. The sector's shifts suggest a move from simple dollar parking to competition based on yield and utility, as some stablecoins like Global Dollar's USDG gain while others fall. This trend indicates a maturing market rather than a panic-driven selloff.

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