Stablecoin Recap Jul 27–Aug 3, 2026: USDT experienced a $0.746 billion outflow during regulatory discussions in South Korea.

The total stablecoin market cap began the week at $301.92 billion and ended at $300.23 billion, a decline of $1.71 billion or 0.57%. During a week that also saw South Korea plan stablecoin rules, the market navigated through various issuer-specific developments. Global Dollar (USDG) led inflows with an increase of $0.143 billion. JPYSC followed, adding $0.122 billion, and JupUSD gained $0.046 billion. Osmosis allUSDT (USDT) saw the largest outflow, decreasing by $0.746 billion. USDC also experienced a reduction, losing $0.592 billion. Sperax USD (USDS) declined by $0.307 billion. In the same period, Tether reported a $1.5 billion profit for Q2, largely attributed to US Treasury holdings. Visa outlined its stablecoin strategy during its Q3 earnings call. USDT's dominance ended at 61.1%, a slight increase of 0.09 percentage points. USDC's dominance decreased to 24.0%, down by 0.06 percentage points. Regulatory developments included South Korea's plans for stablecoin rules and the IMF's warning on Brazil's stablecoin activity outpacing traditional capital flows. In other developments, South Korean stablecoin outflows exceeded $367 million in June, as reported in a recent study. Additionally, the UK policy sprint identified cross-border payments as the primary use case for stablecoins. Aave considered closing six V3 blockchain markets and offboarding 50 low-use reserves, reflecting ongoing adjustments in the DeFi market. No directly relevant macro developments were recorded this week.