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 yield rules were finalized.

SUSDS experienced the largest absolute inflow, gaining $0.489 billion. In the same period, USDC saw an outflow of $0.286 billion. Ethena USDe added $0.151 billion, while syrupUSDC increased by $0.144 billion. MoonPay, a fintech company, launched a card enabling AI agents to spend stablecoins via Mastercard. Tether-backed Oobit introduced virtual Visa cards for AI agent USDT spending.

USDT's market dominance ended at 58.0%, a decrease of 0.31 percentage points. USDC's dominance concluded at 23.7%, down by 0.19 percentage points. A depeg event occurred with USD1, which traded as low as $1.04, 4.0% off its peg. The EU imposed sanctions targeting Russian crypto exchanges, stablecoins, and CBDC. Additionally, Australia's draft payments vision included stablecoin interoperability.

Visa expanded its stablecoin settlement infrastructure by adding five blockchains. Meta, the social media giant, rolled out stablecoin payouts for creators in the Philippines and Colombia. In Latin America, Bitso reported that stablecoins have overtaken Bitcoin in purchases.

No directly relevant macro developments were recorded this week.