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 while warning of run risks. No other major macroeconomic events were recorded.

USDD led the inflows with an addition of $0.565 billion, representing a 58.0% increase. In the same period, Hong Kong missed its March target for issuing its first stablecoin licenses. sUSDS gained $0.135 billion, up 2.0%, while Dai added $0.096 billion, a 2.2% rise. On the outflow side, Strata Senior USDe saw a decrease of $0.154 billion, a 70.7% drop. Juice Dollar experienced a near-total outflow of $0.086 billion, down 99.6%. USDai also declined by $0.074 billion, a 24.0% decrease.

USDT's dominance ended at 56.5%, a slight decrease of 0.18 percentage points. USDC's dominance fell by 0.07 percentage points to 23.8%. Two depeg events were recorded: USD1 dropped to a low of $1.052, 5.2% off its peg, and USDL fell to $1.026, 2.6% off its peg. The Fed's Barr supported the need for stablecoin clarity, noting potential run risks. Meanwhile, Hong Kong's delay in stablecoin licensing highlighted the regulatory challenges in the sector.

Nium launched a stablecoin card issuance platform across Visa and Mastercard. Tether, in a separate development, reportedly considered delaying fundraising efforts if demand fell short of a $500 billion valuation. Standard Chartered suggested that faster stablecoin turnover could reduce demand, reflecting ongoing discussions about stablecoin market dynamics.

No directly relevant macro developments were recorded this week.