Stablecoin Recap Jul 6–13, 2026: USDS added $0.823 billion, leading stablecoin inflows.

The total stablecoin market capitalization increased from $304.26 billion to $304.6 billion, an increase of $0.36 billion or 0.12%. In the same period, USDC issuer Circle won final approval for a US national trust bank charter.

Sperax USD (USDS) saw the largest inflow, increasing by $0.823 billion. USDC followed, adding $0.309 billion, and USDD gained $0.103 billion. USDE (ERD) experienced an outflow of $0.552 billion, and Mountain Protocol USD (USDM) decreased by $0.187 billion. During the week, Sony Bank received regulatory approval to issue stablecoins in the US.

USDT's dominance ended at 60.6%, a decrease of 0.08 percentage points. USDC's dominance rose by 0.07 percentage points to 24.1%. USD1 experienced a depeg event, trading as low as $1.068, 6.8% off its peg. Officials were reported to be revising MiCA to include non-EU stablecoin issuers. The Bank of Korea maintained its stance on a bank-led stablecoin initiative, with deposit token pilots advancing.

Tether invested in Mercado Bitcoin, expanding into Latin American blockchain finance. Stablecoin-settled traditional finance perpetual trading surpassed $1.1 trillion, according to Binance Research. Cloudflare launched a stablecoin solution for AI agent payments.

No directly relevant macro developments were recorded this week.