Stablecoin Recap Jun 1–8, 2026: Visa tested private stablecoin settlement with Brale and Canton.

The total market capitalization of stablecoins decreased from $310.12 billion to $309.47 billion, a decline of $2.55 billion or 0.82%. During a week that also saw Visa's involvement in stablecoin settlement testing, the market experienced shifts in individual stablecoin valuations and flows.

USDM, Mountain Protocol USD, led the inflows with an increase of $0.186 billion. In the same period, USDA rose by $0.131 billion, and UUSD, Unity USD, added $0.089 billion. Osmosis allUSDT saw the largest outflow, losing $1.094 billion. USDC followed with a decrease of $0.402 billion, and USDS, Sperax USD, fell by $0.38 billion. These movements occurred as Bybit joined Western Union’s new USDPT network, expanding stablecoin distribution, and Revolut US bank reportedly planned to introduce stablecoins alongside FDIC-insured accounts.

USDT's market dominance ended at 60.5%, down 0.15 percentage points. USDC's dominance concluded at 24.5%, a decrease of 0.05 percentage points. Depeg events were recorded for USDB, USDL, and USD1, with USDB reaching a low of $0.982, USDL at $1.056, and USD1 at $1.062. Regulatory developments included New York and EU finance watchdogs teaming up to police stablecoins, and the UK Lords warning that BoE regulation could render pound stablecoins irrelevant.

Mastercard expanded card settlement hours via stablecoins. Coinbase invested in a ProShares ETF tailored for stablecoin reserve assets. In a related development, Fed’s Waller advocated for stablecoins in the EU.

No directly relevant macro developments were recorded this week.