Stablecoin 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 issuers under the GENIUS Act. Various jurisdictions also made moves to address stablecoin regulations.

USDC saw the largest inflow, with an increase of $0.995 billion. In the same period, Circle's stock fell 10% due to an analyst downgrade and a Drift Protocol probe. Global Dollar (USDG) gained $0.289 billion, reflecting a 15.3% increase. syrupUSDT also saw an inflow of $0.075 billion. sUSDS experienced an outflow of $0.399 billion, while Savings USDD (SUSDD) and syrupUSDC decreased by $0.137 billion and $0.097 billion, respectively. Polymarket dropped USDC.e for a USDC-backed token in an exchange overhaul.

USDT ended the week with a dominance of 56.6%, up 0.05 percentage points. USDC's dominance rose to 24.1%, an increase of 0.28 percentage points. USD1 experienced a depeg, reaching a low price of $1.052, 5.2% off its peg. Regulatory developments included the FDIC's move to regulate stablecoin issuers under the GENIUS Act and the Bank of France's call for tougher MiCA limits on stablecoin payments. South Korea's draft bill proposed bringing stablecoins and RWAs under finance laws, while Dubai clarified token issuance rules for these assets.

In other news, banks now represent 20% of MiCAR CASP licensees, with CaixaBank joining the list. No directly relevant macro developments were recorded this week.