According to current data, the stablecoin market expanded by approximately $1.31 billion over the past week, lifting the total market capitalization of fiat-linked digital assets to $247.578 billion. This places the stablecoin sector just $2.422 billion shy of the $250 billion threshold. Stablecoin Market Closes in on $250B With Just $2.42B to Go The fiat-pegged token economy continues its upward trajectory and, as of this weekend, remains at its all-time high of $247.578 billion, per metrics from defillama.com. In the span of seven days, it gained $1.31 billion, and since May 1—a 30-day stretch—it has grown by $5.513 billion. Tether’s USDT leads the pack with a market capitalization of $153.659 billion, representing 62.06% of the stablecoin market’s total value. Stablecoin economy according to data collected by defillama.com. Tether’s market capitalization expanded by 2.9% over the past 30 days, climbing approximately $4.32 billion. In contrast, Circle’s USDC experienced a modest decline of 1.48%, shedding just over $909 million during the same period. As of this weekend, USDC holds a market cap of roughly $60.606 billion. Among the top ten stablecoins, the standout performer was First Digital’s FDUSD, which advanced 15.94%, adding $192 million in value. Sky’s DAI and Ethena’s USDe followed closely, with monthly gains of 14.44% and 14.78%, respectively—securing the second and third spots among the top stablecoin gainers. USDe now commands a $5.357 billion valuation, while DAI trails slightly at around $4.712 billion. The leading ten stablecoins at present are USDT, USDC, USDe, DAI, USDS, BUIDL, USD1, USDTB, FDUSD, and PYUSD. Outside of USDC’s modest dip, the only other decline in the group was Sky’s USDS, which fell 15.77% over the past month. The shifting balance among leading stablecoins signals a broader recalibration within the sector, hinting at evolving market preferences and liquidity strategies. As capital allocation continues to fluctuate, these movements may foreshadow deeper changes in user confidence, issuer resilience, and protocol utility. Market participants will likely watch upcoming trends closely, searching for signals amid the quiet recalibrations within the fiat-pegged token economy.