Stablecoin Recap Jun 15–22, 2026: USD1 gained $0.372 billion during a week when the Bank of England eased stablecoin rules.
The total stablecoin market capitalization started at $307.95 billion and ended at $307.59 billion, a decrease of $0.33 billion or 0.11%. In the same period, the Bank of England eased stablecoin regulations, introducing a 40 billion pound issuance cap.
USD1 [Old] saw the largest inflow, adding $0.372 billion. During this week, Trump crypto company's USD1 stablecoins were used to back UFC event bonuses. Global Dollar increased by $0.11 billion, while DAI on PulseChain rose by $0.072 billion. USDC experienced an outflow of $0.231 billion. Sperax USD lost $0.219 billion, and Osmosis allUSDT decreased by $0.201 billion.
USDT's market dominance remained unchanged at 60.7%, while USDC's dominance slightly decreased by 0.05 percentage points to 24.3%. USD1 experienced a depeg, reaching a low of $1.082, 8.2% off its peg. US regulators pushed for user ID requirements for stablecoin issuers, aligning them with regulated banks. The IMF urged Nigeria to address the rise in stablecoin cross-border payments.
Trace Finance raised $32 million to expand cross-border stablecoin settlements. Ledn incorporated Tether Gold as collateral in its Bitcoin-backed lending model. AllUnity introduced SEKAU, a fully reserved Swedish krona stablecoin. The BIS mapped stablecoin yield models, questioning whether interest bans target the appropriate model.
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