Stablecoin markets recorded sharp expansion over the past week, led by United Stables, which added $106.3 million to its market capitalization. The increase was the largest among tracked stablecoin issuers and protocols, followed by Paxos with $69.6 million, Anchorage Digital with $52.7 million, and Aave with $49.8 million, according to data highlighted by @tokenterminal.
In parallel, Tron posted the largest blockchain-level stablecoin inflow, with $1 billion added to its stablecoin market cap over seven days. The rise outpaced BNB Chain's $84.9 million and Aptos' $82.1 million, while Avalanche also recorded gains. Tether's USDT issuance on Tron reached approximately $85.3 billion, with continued minting seen as a signal of rising stablecoin demand and potentially increasing institutional interest.
The expansion comes amid mixed signals across broader crypto markets. Analysts noted that stablecoin growth may reflect a flight toward lower-volatility assets and could support liquidity, funding rates, and open interest trends in coming weeks.
