Stablecoin Recap Aug 3–10, 2026: USDC gained $0.307 billion in a week of stablecoin market growth.
The total stablecoin market capitalization increased from $297.15 billion to $298.0 billion, a rise of $0.78 billion or 0.26%. In the same period, the US and UK reaffirmed their support for stablecoins and tokenization during joint financial regulation talks.
USDC recorded the largest absolute inflow, adding $0.307 billion. Ripple USD, a stablecoin linked to Ripple, saw an increase of $0.122 billion. Sperax USD followed with a $0.108 billion rise. Osmosis allUSDT experienced a decline of $0.099 billion. DAI on PulseChain and AUSD also saw decreases, losing $0.035 billion and $0.032 billion, respectively. During this period, Cathie Wood's Ark Invest identified Circle, the issuer of USDC, as a top holding following a buying spree.
USDT's market dominance ended at 61.4%, a decrease of 0.21 percentage points. USDC's dominance increased by 0.03 percentage points to 24.2%. Two stablecoins experienced depegging events: USD1 fell 6.0% off its peg, and USDL dropped 9.5%. In regulatory news, the US and UK supported stablecoins in a joint statement.
Visa expanded its stablecoin payout capabilities through Zerohash rails. Western Union integrated stablecoin remittances into the Visa network with its Stablecard. Mastercard and Borderless collaborated on shared identity checks for stablecoin transfers.
No directly relevant macro developments were recorded this week.
What happened this week in stablecoins
- Total par-pegged stablecoin market capitalisation ended the week of 2026-08-10 at $298.00B, having added $0.78B (+0.26%) over seven days.
- The largest inflow was USDC (USDC), which added $0.31B (+0.4%) to reach $72.17B.
- The largest outflow was USDT (Osmosis allUSDT), which shed $0.10B (-0.1%) to $183.11B.
- USDT dominance ended the week at 61.4% (-0.21pp); USDC at 24.2% (+0.03pp).
- Coins that traded outside 1.5% of par during the week: USDL ($1.0950, +9.50% from peg), USD1 ($1.0600, +6.00% from peg).
The week in two charts
Lifecycle and policy events this week
- Regulation 2026-08-09 — European Union: European Commission launched a consultation on the review of MiCA Regulation on 20 May 2026. ([finance.ec.europa.eu](https://finance.ec.europa.eu/regulation-and-supervision/consultations-0/targeted-consultation-review-mica-regulation_en?utm_source=openai)) (status in_force → consultation)
- Regulation 2026-08-09 — United States: final rules published (status enacted → finalised)
- Regulation 2026-08-09 — United Kingdom: FCA rules final; regime commences 25 October 2027.
- Regulation 2026-08-09 — Hong Kong: "Licensing regime commenced"
- Regulation 2026-08-09 — Japan: Japan's Financial Services Agency (FSA) has issued new guidelines for stablecoin issuance, expanding the list of eligible issuers to include licensed banks, trust companies, and registered funds-transfer operators, with redemption guarantees.
- Regulation 2026-08-10 — European Union: Consultation deadline extended to 30 September 2026.
- Regulation 2026-08-10 — United States: "final rules published"
- Regulation 2026-08-10 — United Kingdom: Taxation of stablecoins policy published
- Regulation 2026-08-10 — Japan: Japan has imposed notification obligations (i.e., travel rule) on Cryptoasset Exchange Service Providers and Electronic Payment Instruments Service Providers to submit information on originators and beneficiaries at the time of transfer of cryptoassets and stablecoins. ([fsa.go.jp](https://www.fsa.go.jp/en/news/2026/20260707/20260707.html?utm_source=openai))
- Regulation 2026-08-10 — Singapore: MAS Stablecoin Regulatory Framework implemented (status finalised → in_force)
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