Dollar-Pegged Stablecoin Market Tops $317B After $1.24B Weekly Inflows

Dollar-pegged stablecoins extended their advance over the past week, adding $1.242 billion to bring total market capitalization to $317.134 billion as of Saturday, April 4, according to DefiLlama data. Sky's USDS posted the strongest weekly expansion among the top ten, rising 9.57% and attracting more than $779 million in net inflows. Tether's USDT remains the dominant stablecoin, accounting for 58.04% of the market with a $184.076 billion valuation. USDT was little changed on the week, up 0.03%, as the company reiterated plans to complete a full financial audit. Circle's USDC held second place with a $77.42 billion market cap, slipping 0.39% over seven days. That decline equated to more than $304 million in outflows, the largest drop among the top ten. USDS ranked third at $8.924 billion after its sharp weekly gains. Ethena's yield-bearing USDe placed fourth with a $5.888 billion market cap and a 0.26% weekly decline. Sky's DAI rounded out the top five at $4.691 billion, up 2.99% on the week. Combined, these five stablecoins represent about 87.1% of the total $317.134 billion market. On activity, stablecoins generated roughly $1.96 trillion in gross transfer volume last week, including about $508 billion in authentic settlement volume, according to Crystal Intelligence. The sector continues to expand steadily, supported by the largest issuers and select fast-growing tokens such as USDS.