307 billion dollars and growth
According to statistics, from February 7 to 14, 2026, the fiat-backed token sector grew by 2.16% compared to the previous week, adding $6.512 billion to its total. This accounts for 89.81% of the growth of $7.251 billion recorded over the last two weeks, meaning that almost all of the recent growth occurred during this short period.
As of Saturday, February 14, the stablecoin economy is $307.973 billion, with Tether (USDT) accounting for 59.66% of the total volume. Over the past week, the market capitalization of USDT increased by 0.14%, adding $251.98 million to its balance. The dominant stablecoin now has a market valuation of $183.727 billion. USDC from Circle follows it with $73.559 billion after a growth of 1.39%, reflecting an increase of $1.012 billion over the same period.
Sky dollar ( USDS ) showed strong growth compared to last week, demonstrating a clear inflow of capital with an increase of 3.72%. The market capitalization of USDS is $6.622 billion. The largest decline among the top ten leaders was shown by USDe from Ethena, indicating a short-term contraction. USDe lost 2.25%, falling to a market capitalization of $6.312 billion. USD1 from World Liberty Financial grew by 1.63% to $5.302 billion by Saturday.
DAI exhibited the sharpest weekly decline in the top 10, reflecting a significant contraction of the circulating supply. The decline of DAI by 4.53% led to a market capitalization of $4.387 billion. PYUSD from Paypal demonstrated one of the strongest weekly performances among major issuers, rising by 5.07% over seven days, with its market capitalization reaching $4.022 billion. This growth places PYUSD among the most attractive growth leaders of the week.
BUIDL from Blackrock recorded the sharpest growth in the top ten leaders, rising by 23.07% over the week and reaching a valuation of $2.363 billion. This growth followed several weeks of capital outflow from the BUIDL market, marking a decisive turnaround. Its huge jump significantly exceeds the growth rates of the entire stablecoin sector, indicating a renewed interest in tokenized dollar products linked to traditional financial systems.
USDf from Falcon Finance, on the contrary, decreased by 0.67% over the same period. This decline turned out to be relatively restrained compared to other weekly contractions, resulting in a market capitalization of USDf of $1.637 billion, maintaining its place in the top ten leaders.
Closing the list is RLUSD from Ripple, which grew by 1.85% over the past week, raising its market capitalization to $1.522 billion. This growth reflects moderate expansion at the lower end of the upper tier, reinforcing the broader trend of gradual growth among new entrants backed by fiat currencies, even though the largest tokens in the sector still hold the lion's share of the supply.
The latest figures illustrate a stablecoin market that is neither stagnating nor overheating, but rather readjusting in real-time as capital rotates between active and new issuers.
While Tether (USDT) and USDC continue to hold the lead in the sector, smaller market participants are gradually gaining market share through targeted growth and niche positioning. With an overall valuation approaching previous highs, the market for fiat-backed tokens appears to be methodically gaining momentum.