JAKARTA – Amid the global crypto market turmoil in early 2025, the stablecoin segment has shown notable strength and steady growth.
According to reports from IntoTheBlock and DeFiLlama cited by CoinEdition.com on Wednesday (7/5), the total stablecoin market capitalisation has reached approximately USD 242.66 billion, rising nearly 1% over the past week. This reflects a strong signal that investors are opting for a more conservative approach amid economic uncertainty and macro policy risks.
Tether (USDT) remains the market leader with a 61.73% dominance and operates across more than 86 blockchain networks.
Over the past month, USDT has gained 3.56% and remained firmly pegged at USD 1. Tether’s Q1 2025 financial report recorded an operating profit of USD 1 billion and nearly USD 120 billion in exposure to US government bonds, reinforcing USDT’s image as a stable digital asset.
USD Coin (USDC) has also proven impressively resilient.
Operating on over 100 blockchain networks, USDC dipped only 0.46% in the past week and climbed 1.96% over the last month, maintaining a tight peg to the US dollar.
However, not all stablecoins have fared as well. New entrants like Ethena USDe and Sky Dollar (USDS) have shown instability, falling 10.12% and 7.58%, respectively, over the past 30 days. Even established stablecoin Dai (DAI) has experienced a decline, though signs of recovery have emerged.
On the other hand, Cardano (ADA) has suffered significant losses.
According to U.Today on Wednesday (7/5), ADA has come under intense pressure from a wave of crypto market sell-offs that triggered USD 207 million in liquidations, based on CoinGlass data.
ADA is now trading at USD 0.649, down 2.05% in the past 24 hours and 8.15% over the past week. This drop pushed ADA below its 50-day simple moving average (SMA 50), a bearish technical indicator signalling a potential continuation of the downtrend.
Since early May, ADA has posted declines for three consecutive days and has risen in only three of the past eleven sessions. Crypto analyst Ali noted that ADA was technically rejected at the upper boundary of a descending channel pattern, reinforcing projections of a decline toward support levels at USD 0.63 or even USD 0.54 if selling pressure persists.
Investor sentiment is also being weighed down by uncertainty ahead of the upcoming Federal Reserve policy meeting, with the probability of an interest rate cut standing at just 4.4%.
The contrasting trends between stablecoins and cryptocurrencies like ADA underscore a shift in investor preference toward safer, more stable digital assets—positioning stablecoins not only as mediums of exchange but also as indicators of market sentiment and bridges to traditional finance. (EF)
