In 62 days, the stablecoin market saw an outflow of $12.413 billions, but USDT’s market cap still exceeds $18.4 billions.

Odaily reported that according to Defillama data, the stablecoin market saw an outflow of $12.413 billion over 62 days since May 17, 2026. Of this, $1.555 billion flowed out since July 11, marking one of the largest contractions in over four years. 

As of July 18, Tether's USDT has a market cap of $184.055 billion, while Circle's USDC sits at $73.376 billion. Over the past week, USDT decreased by 0.06% and USDC decreased by 0.04%. Sky's USDS has a market cap of $6.66 billion, and dropped 12.30% over the past week, making it the biggest decliner among the top ten stablecoins.

World Liberty Financial's USD1 declined by 4.59%. Sky's DAI dropped by 0.43%. Global Dollar's USDG rose by 9.08% in the past week, reaching a market cap of $3.164 billion, the highest increase among the top ten stablecoins. PayPal's PYUSD was up 1.60% to $2.877 billion. Circle USYC and BlackRock's BUIDL fell 3.64% and 8.68%, respectively.