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Stablecoin Beat

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Insight Stablecoins and the Treasury Twist Treasury is becoming more active at the long end of the bond market just as regulated stablecoin issuers become a new class of buyers at the short end. Why that is not yield curve control, and why it still matters.

Weekly Recap Stablecoin Recap Aug 17–24, 2026: USDC added $1.72 billion in a week that saw a confirmed depeg. The total market capitalization of stablecoins increased from $297.24 billion to $300.1 billion, a rise of $2.87 billion or 0.96%. This growth occurred during a week that also saw a confirmed depeg ev

Weekly Recap Stablecoin Recap Aug 10–17, 2026: USX experienced an outflow of $0.506 billion. The total stablecoin market cap began the week at $298.0 billion and ended at $297.48 billion, a decrease of $0.49 billion or 0.16%. During a week that also saw USX's substantial outflow, the overall

Weekly Recap Stablecoin Recap Aug 3–10, 2026: USDC gained $0.307 billion in a week of stablecoin market growth. The total stablecoin market capitalization increased from $297.15 billion to $298.0 billion, a rise of $0.78 billion or 0.26%. In the same period, the US and UK reaffirmed their support for stablecoin

Weekly Recap Stablecoin Recap Jul 27–Aug 3, 2026: USDT experienced a $0.746 billion outflow during regulatory discussions in South Korea. The total stablecoin market cap began the week at $301.92 billion and ended at $300.23 billion, a decline of $1.71 billion or 0.57%. During a week that also saw South Korea plan stablecoin rules, the

Weekly Recap Stablecoin Recap Jul 20–27, 2026: USDT experienced a depeg, reaching a low of $1.34, 34% off its peg. The total stablecoin market capitalization decreased from $303.06 billion to $301.92 billion, a decline of $1.16 billion or 0.38%. During the same week, the BIS cautioned that stablecoins could underm

Weekly Recap Stablecoin Recap Jul 13–20, 2026: USDS saw a $1.037 billion outflow during a stablecoin market contraction. The total stablecoin market capitalization began the week at $304.6 billion and concluded at $303.06 billion, a decline of $1.55 billion or 0.51%. During the same period, the European Central Bank iss

Insight Do Stablecoins Cause Currency Crises? A July 2026 IMF paper models stablecoins in fixed exchange-rate regimes as an access and information technology. Drawing on BIS evidence and Bolivia, stablecoins can intensify a currency crisis but rarely originate one, and silencing the price does not restore lost credibility.

Weekly Recap Stablecoin Recap Jul 6–13, 2026: USDS added $0.823 billion, leading stablecoin inflows. The total stablecoin market capitalization increased from $304.26 billion to $304.6 billion, an increase of $0.36 billion or 0.12%. In the same period, USDC issuer Circle won final approval for a US n

Insight Open USD, Qivalis, and the Race to Own Stablecoin Settlement Open USD's 140-firm dollar consortium and Qivalis's 37-bank euro project are bids to own digital settlement. Against a concentrated $302bn market (USDT 61%, USDC 24%, HHI 4,324), governance, reserves and access will decide the next stablecoin contest.

Weekly Recap Stablecoin Recap Jun 29–Jul 6, 2026: Stablecoin Market Capitalization Declines by $2.3 Billion Total stablecoin market capitalization decreased by $2.3 billion, a 0.75% reduction.

Weekly Recap Stablecoin Recap Jun 22–29, 2026: BIS warns stablecoins risk fragmenting global financial system. The total market capitalization of stablecoins decreased from $307.59 billion to $306.55 billion, a decline of $1.85 billion or 0.6%. This contraction occurred during a week when the BIS warned that s

Insight Digital Euro vs Open Stablecoins | Europe's Digital Money Choice The digital euro cleared a key EU vote, but Europe's real choice is architectural: a retail CBDC, bank-led euro stablecoins like Qivalis, tokenized deposits, or open stablecoin rails. The better path is open discipline, not gatekeeping.

Insight Stablecoin Yield and the New Deposit War Bank of America warns yield-bearing stablecoins could pull $6T from deposits. But deposits are reallocated, not destroyed, and a White House analysis finds a yield ban would lift lending ~0.02%. The real channel is the Treasury market.

Weekly Recap Stablecoin Recap Jun 15–22, 2026: USD1 gained $0.372 billion during a week when the Bank of England eased stablecoin rules. The total stablecoin market capitalization started at $307.95 billion and ended at $307.59 billion, a decrease of $0.33 billion or 0.11%. In the same period, the Bank of England eased stablecoin regul

Insight MiCA's Stablecoin Trap | Compliance, Surveillance, Competitiveness An unresolved EBA Q&A on whether MiCA e-money token issuers must KYC every holder could decide if compliant euro and dollar stablecoins stay open and competitive, or become permissioned surveillance rails.

Weekly Recap Stablecoin Recap Jun 8–15, 2026: USDC experienced a $0.754 billion outflow. The total stablecoin market capitalization decreased from $309.47 billion to $307.95 billion, a decline of $1.46 billion or 0.47%. During a week that also saw confirmed depeg events for USDL and USD1,

Insight Japan's Yen Stablecoin Test | Megabanks and Digital Payments Japan's MUFG, SMBC, and Mizuho plan a yen stablecoin test that could reshape bank-issued stablecoins, tokenized deposits, and payments in Asia.

Weekly Recap Stablecoin Recap Jun 1–8, 2026: Visa tested private stablecoin settlement with Brale and Canton. The total market capitalization of stablecoins decreased from $310.12 billion to $309.47 billion, a decline of $2.55 billion or 0.82%. During a week that also saw Visa's involvement in stablecoin sett

Insight Stablecoin Banking: The New Battle for Deposits, Payments and Licenses Stablecoins are moving into the banking stack: deposits, payments, custody and licensing. StablecoinBeat data shows USDT and USDC held ~81% of $324B supply as of June 2026, with non-dollar tokens near 0.3%. Banks, neobanks, payment firms and trust banks now compete over four models of regulated digital money.

Weekly Recap Stablecoin Recap May 25–Jun 1, 2026: USDT and USDC dominance shifts slightly with $2.82 billion market cap decline. The total market capitalization of stablecoins decreased from $328.55 billion to $325.72 billion, a decline of $2.82 billion or 0.86%. During a week that also saw the SEC approve Paxos as a 'blockchai

Weekly Recap Stablecoin Recap May 18–25, 2026: USDC experienced a $0.537 billion outflow. The total stablecoin market cap began the week at $328.72 billion and ended at $328.55 billion, a slight decrease of $0.18 billion or 0.05%. During the same week, the EU opened a consultation on MiCA

Weekly Recap Stablecoin Recap May 11–18, 2026: Stablecoin Market Update: USDY Leads Inflows The total stablecoin market cap increased from $327.4 billion to $328.72 billion, a rise of $1.32 billion or 0.4%. During the same week, the Bank of England reconsidered its strict stablecoin regime,

Insight AI Agents, Micropayments, and Stablecoin Rails Agentic commerce is not one market. Stablecoins will not become the default rail for AI-assisted retail. Their stronger case is narrower: autonomous digital procurement, where bounded agents buy small units of API access, data, and compute from suppliers discovered at runtime.

Weekly Recap Stablecoin Recap May 4–11, 2026: USDG led inflows with $0.541 billion as total market cap rose $0.66 billion. The total stablecoin market capitalization increased from $326.74 billion to $327.4 billion, an increase of $0.66 billion or 0.2%. During the same period, the Bank of England chief discussed global st

Weekly Recap Stablecoin Recap Apr 27–May 4, 2026: CLARITY Act stablecoin yield rules finalized. The total stablecoin market capitalization increased from $325.4 billion to $326.74 billion, a rise of $1.34 billion or 0.41%. This change occurred during a week when the CLARITY Act's stablecoin yiel

Insight BIS vs Stablecoins: The Fragmentation Debate Is Back The BIS warns of stablecoin fragmentation, but StablecoinBeat data tells a different story. At HHI 3,995, the market is dominated by USDT and USDC. The real risk is concentrated issuers inside fragmented legal regimes.

Insight Aave Bad Debt Crisis: How the Kelp DAO Exploit Hit Stablecoin Liquidity The Kelp DAO exploit created $123–230M in Aave bad debt without touching a single stablecoin reserve. Analysis of how cross-chain collateral failure cascades into stablecoin liquidity stress.

Weekly Recap Stablecoin Recap Apr 20–27, 2026: US authorities froze $344 million in crypto linked to Iran. The total stablecoin market capitalization decreased from $326.65 billion to $325.4 billion, a decline of $1.25 billion or 0.38%. In the same period, US authorities froze $344 million in crypto assets

Weekly Recap Stablecoin Recap Apr 13–20, 2026: United Stables added $1.021 billion. The total stablecoin market cap began the week at $326.12 billion and ended at $326.65 billion, an increase of $0.53 billion or 0.16%. In the same period, the UK Financial Conduct Authority (FCA) soug

Insight Stablecoins Are Becoming Instruments of Currency Competition An institutional analysis of how U.S. rulemaking, European concern over dollar dominance, and stalled global standards are turning stablecoins into a new arena of currency competition.

Weekly Recap Stablecoin Recap Apr 6–13, 2026: USDC added $0.995 billion during a week when the FDIC revealed proposed rules for stablecoin issuers. The stablecoin market cap increased from $325.84 billion to $326.12 billion, a rise of $0.28 billion or 0.09%. This growth occurred during a week when the FDIC revealed proposed rules for stablecoin i

Insight Europe's Stablecoin Policy Is Becoming a Market Access Regime A Germany-Italy proposal would tie EU stablecoin market access to regulatory equivalence and give the EBA power to ban non-compliant issuers. Analysis of MiCA's next phase.

Weekly Recap Stablecoin Recap Mar 30–Apr 6, 2026: USDD added $0.565 billion during a week that also saw the Fed's Barr back stablecoin clarity. The total stablecoin market cap increased from $324.68 billion to $325.84 billion, a rise of $1.16 billion or 0.36%. This growth occurred during a week when the Fed's Barr backed stablecoin clarity wh

Weekly Recap Stablecoin Recap Mar 23–30, 2026: USDC experienced a $1.237 billion outflow. The total stablecoin market capitalization began the week at $325.57 billion and ended at $324.68 billion, decreasing by $0.89 billion or 0.27%. During the same week, the Financial Stability Board (FS

Weekly Recap Stablecoin Recap Mar 16–23, 2026: USDC saw a $0.399 billion outflow as the total stablecoin market cap decreased by $0.04 billion. The total stablecoin market capitalization began the week at $325.61 billion and ended at $325.57 billion, a slight decrease of $0.04 billion or 0.01%. During the same period, USDC experienced outflow

Insight Mastercard's BVNK Deal and the Rise of Stablecoin Infrastructure Mastercard's $1.8B acquisition of BVNK signals stablecoins are becoming core payment infrastructure for enterprise settlement and treasury management.

Insight Oil Shock and Stablecoin Demand Explained Rising oil prices are increasing global demand for stablecoins as offshore digital dollars, especially in emerging markets.

Weekly Recap Stablecoin Recap Mar 9–16, 2026: USDC added $0.346 billion. The total stablecoin market capitalization increased from $325.07 billion to $326.06 billion, a rise of $0.99 billion or 0.31%. This growth occurred during a week when UK borrowing costs reached their

Weekly Recap Stablecoin Market Recap: March 4–11, 2026 Total stablecoin market cap rose $5.0B to $323.42B. USDC led inflows with +$1.87B. USD1 depeg and Florida stablecoin bill were the week's key events.

Insight Stablecoins, x402, and the Agent Economy How stablecoins and x402 could become the programmable, low-cost payment layer for autonomous agents, machine commerce and digital infrastructure systems.

Weekly Recap Stablecoin Recap Mar 2–9, 2026: USDC added $2.047 billion during a $4.17 billion market cap increase. The total stablecoin market capitalization rose from $317.49 billion to $321.66 billion, a $4.17 billion increase or 1.31%. During a week that also saw Circle’s policy chief urging the UK to merge MiC