Stablecoin market cap slips to $305.97 billion; TON leads chain gains at 2.84%

The stablecoin market remained near $306 billion, while TON posted the strongest weekly growth among tracked chains. Total stablecoin market capitalization stood at $305.97 billion, down about $1.64 billion, or 0.53%, from a week earlier. The market declined 0.2% over the past day but increased 0.67% over 30 days. Tether remained the largest stablecoin with a market capitalization of $183.49 billion and a 59.97% market share. USD Coin ranked second at $72.58 billion. They were followed by Sky Dollar at $7.06 billion, Dai at $4.72 billion and Ethena USDe at $4.70 billion. Among weekly gainers, USDD rose 9.81%, Open USD advanced 4.45% and Falcon USD gained 3.91%. World Liberty Financial USD fell 5.43%, Ripple USD declined 3.61% and PayPal USD lost 2.59%.

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