Data compiled by Woofun AI shows stablecoin dominance has nearly doubled, rising from 7.56% to 15% since the September 2025 market peak. This 98% increase in relative weight occurred despite a modest 10.6% growth in total stablecoin supply, which expanded from $285.6 billion to $316 billion.

Concurrently, the total cryptocurrency market capitalization retreated sharply by 50%, falling from $4.21 trillion to $2.10 trillion. The surge in stablecoin dominance is therefore attributable to the broader market’s significant contraction rather than aggressive new stablecoin issuance.