USDC added $0.581 billion during a week that also saw Circle's policy chief urge regulatory alignment between the UK and US.

The total stablecoin market capitalization increased from $325.07 billion to $326.34 billion, a rise of $1.28 billion or 0.39%. This change occurred in a week that also saw Circle's policy chief advocate for merging MiCA clarity with US stablecoin rules.

USDC led inflows with an addition of $0.581 billion. In the same period, Circle's USDC market cap approached a record $80 billion, according to an analyst citing 'capital flight' in the UAE. SUSDS gained $0.293 billion, a 4.7% increase. SYRUPUSDC saw inflows of $0.147 billion, rising 8.5%. Ripple USD (RLUSD) decreased by $0.037 billion, and PayPal USD (PYUSD) fell by $0.03 billion. During the same week, PayPal expanded PYUSD to users in 70 countries.

USDT's market dominance ended at 56.4%, a decrease of 0.2 percentage points. USDC's dominance rose by 0.08 percentage points to 24.3%. A depeg event was recorded with USD1, which fell to a low of $1.037, 3.7% off its peg. Regulatory discourse included a US ban on stablecoin yield, with a Ledger executive suggesting others might fill the void.

Additional developments included Cari selecting ZKsync's Prividium as US regional banks entered the stablecoin market. Circle's USDC overtook Tether's USDT in adjusted year-to-date volume, according to Mizuho. An expert suggested that stablecoin uncertainty could impact banks more than crypto firms.

No directly relevant macro developments were recorded this week.