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Abstract visualisation of European regulatory framework for stablecoins with market access barriers and cross-border monetary flows
Insights
Europe's Stablecoin Policy Is Becoming a Market Access Regime
Philippe de Sévigné · Apr 10, 2026 ·12 min read

A Germany-Italy proposal would condition EU market access for stablecoins on regulatory equivalence and give the EBA power to ban non-compliant issuers. It reframes stablecoins as cross-border monetary instruments requiring jurisdictional scrutiny, not just firm-level compliance.
Recent Analysis All insights →
Abstract visualisation of global payment infrastructure with stablecoin rails connecting fiat and blockchain settlement networks
Insights
Mastercard's BVNK Deal Signals Stablecoins Are Becoming Core Payment Infrastructure
Mar 21, 2026·11 min
Mastercard's acquisition of BVNK marks a shift in how stablecoins are used, moving from niche crypto applications to core payment infrastructure for business settlement, treasury efficiency, and cross-border payments.
 Oil barrels and global financial flows visualised as a network of glowing dollar streams and stablecoin transactions across emerging markets
Insights
Oil Shock, Dollar Demand, and the Stablecoin Bid
Mar 20, 2026·11 min
An oil-driven inflation shock is increasing global demand for stablecoins as offshore digital dollars, particularly in emerging markets.
Weekly 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
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Market Data All charts →
Total Market Cap — 30-day trend View chart → USDT Dominance — Share of total stablecoin supply View chart → Live Tracker 300+ Stablecoins ranked by market cap Open tracker →
About Stablecoin Beat
What is Stablecoin Beat?
Stablecoin Beat is a market intelligence publication covering the stablecoin ecosystem. It publishes daily market cap data, on-chain flow signals, depeg alerts, and editorial analysis of stablecoin markets, policy, and infrastructure.
Which stablecoins does Stablecoin Beat track?
Stablecoin Beat tracks over 300 stablecoins by market capitalisation, including USDT (Tether), USDC (Circle), DAI, USDe (Ethena), FDUSD, PYUSD, RLUSD, and all other USD-pegged and algorithmic stablecoins with meaningful market cap.
How often is stablecoin data updated?
Market cap and price data are updated daily at 15:00 UTC from CoinGecko and on-chain sources. The signals feed is refreshed five times daily. Weekly editorial recaps are published every Monday.
What is stablecoin market dominance?
Stablecoin market dominance measures the percentage of total stablecoin market capitalisation held by a single issuer. USDT dominance above 60% indicates Tether controls the majority of stablecoin supply. Shifts in dominance signal capital flows between issuers, often tied to regulatory developments, yield differentials, or chain-level adoption trends.
What is a stablecoin depeg?
A stablecoin depeg occurs when a dollar-pegged stablecoin trades materially above or below $1.00. Stablecoin Beat monitors all major USD-pegged stablecoins and flags any instance where price moves outside a ±1.5% band as a depeg event, which may signal reserve stress, liquidity pressure, or loss of market confidence.
What is the difference between USDT and USDC?
USDT (Tether) and USDC (Circle) are the two largest dollar-backed stablecoins. USDT holds approximately 62% of total stablecoin market cap and dominates trading volume on centralised exchanges, particularly in emerging markets. USDC is more widely used in DeFi protocols and institutional settlement. USDC publishes monthly reserve attestations; Tether publishes quarterly reports.