Market Overview
The total stablecoin market capitalisation increased from $318.42 billion to $323.42 billion during the week of March 4–11, 2026, a gain of $5.0 billion or 1.57%. The move was driven primarily by strong inflows into dollar-pegged tokens, with USDC accounting for the single largest contribution.
Flow Breakdown
USDC recorded the largest absolute inflow of the week, adding $1.869 billion, a 2.4% increase. SUSDS followed with an inflow of $1.214 billion, representing a 24.6% rise. Ondo US Dollar Yield, a yield-bearing dollar-denominated token, grew by $398 million, a 43.6% increase that reflects continued demand for on-chain yield products.
On the outflow side, USDAI shed $143 million, a 31.2% contraction. PayPal USD and Global Dollar fell by $123 million and $69 million respectively.
Dominance
USDT ended the week at 56.9% market dominance, a decrease of 0.84 percentage points. USDC's share increased by 0.21 percentage points to 24.2%, continuing its gradual recovery from the lows seen earlier this year.
USD1 Depeg
The week's most notable market event was a depeg in USD1, which traded as low as $1.0372, a deviation of 3.72% from its intended peg. The event was short-lived but drew attention to the risks associated with newer algorithmic and semi-collateralised designs competing in an increasingly crowded market.
Regulatory and Industry Developments
The Florida Senate passed a state-level stablecoin bill, sending it to Governor DeSantis for signature. The legislation would establish a framework for stablecoin issuance and oversight within the state, making Florida one of the first US states to act ahead of pending federal legislation.
The Financial Action Task Force flagged peer-to-peer stablecoin transfers as a top money-laundering risk in its latest guidance, a signal that regulators globally are moving to close perceived oversight gaps in decentralised transfer mechanisms.
On the infrastructure side, Societe Generale-FORGE launched its EURCV euro stablecoin on the Stellar network, extending euro-denominated digital currency to a new settlement layer. Aon tested stablecoin payments for insurance premiums in collaboration with Paxos and Coinbase. Stablecoin payments startup Kast raised $80 million at a $600 million valuation, and SoFi engaged BitGo to provide infrastructure for a planned bank-issued stablecoin.