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) sought feedback on guidance for cryptocurrency rules ahead of a 2027 rollout.

United Stables led the inflows with an increase of $1.021 billion. Global Dollar followed, adding $0.118 billion, while Gauntlet USDC PRIME V2 saw an uptick of $0.098 billion. USDC experienced an outflow of $0.649 billion. sUSDS and Ethena USDe saw declines of $0.632 billion and $0.469 billion, respectively. During this week, Circle, the issuer of USDC, faced a lawsuit related to a $280 million hack involving Drift Protocol.

USDT's market dominance concluded at 57.3%, a rise of 0.78 percentage points. USDC's dominance decreased by 0.24 percentage points to 23.9%. A depeg event occurred with USD1, which dropped to a low price of $1.042, 4.2% off its peg. The Bank for International Settlements (BIS) issued a warning that dollar stablecoins could strain banks and policy frameworks. Additionally, the UK FCA was active in shaping rules for crypto-backed loans.

Coinbase rolled out UK crypto-backed loans as the FCA shaped new regulations. AllUnity expanded its MiCA-regulated euro stablecoin, EURAU, further into decentralized finance. Meanwhile, Circle's CEO expressed optimism for a yuan stablecoin despite regulatory challenges in China.

No directly relevant macro developments were recorded this week.