Total stablecoin market capitalization decreased by $4.5 billion.
The total market capitalization of stablecoins started the week at $298.36 billion and ended at $293.86 billion, a decline of $4.5 billion or 1.51%. No regulatory or news developments were recorded during this period.
The total market capitalization of stablecoins started the week at $298.36 billion and ended at $293.86 billion, a decline of $4.5 billion or 1.51%. No regulatory or news developments were recorded during this period.
JPYSC led the inflows with an increase of $0.031 billion. EURC followed with a gain of $0.023 billion, and USD CoinVertible added $0.01 billion. Tether experienced the largest outflow, losing $2.363 billion. USDS saw a reduction of $0.462 billion, while A7A5 decreased by $0.402 billion. These movements occurred without any issuer actions or product launches in the same period.
USDT's dominance ended at 61.2%, a rise of 0.13 percentage points. USDC's dominance increased by 0.37 percentage points to reach 24.2%. A depeg event was recorded for USDB, which fell to a low price of $0.9475, 5.25% off its peg. No regulatory developments were reported this week.
No directly relevant macro developments were recorded this week.
What happened this week in stablecoins
- Total par-pegged stablecoin market capitalisation ended the week of 2026-11-02 at $293.86B, having shed $4.50B (-1.51%) over seven days.
- The largest inflow was JPYSC (JPYSC), which added $0.03B (+23.5%) to reach $0.16B.
- The largest outflow was USDT (Tether), which shed $2.36B (-1.3%) to $179.92B.
- USDT dominance ended the week at 61.2% (+0.13pp); USDC at 24.2% (+0.37pp).
- Coins that traded outside 1.5% of par during the week: USDB ($0.9475, -5.25% from peg).
The week in two charts
Lifecycle and policy events this week
- Regulation 2026-10-26 — European Union: "The EBA classifies USDC as the first significant e-money token in the European Union"
- Regulation 2026-10-26 — United States: final rules published (status proposed → finalised)
- Regulation 2026-10-26 — United Kingdom: FCA opens authorisation gateway for crypto firms on 30 September 2026.
- Regulation 2026-11-02 — European Union: "The EBA classifies USDC as the first significant e-money token in the European Union, subjecting it to dual supervision starting 12 November 2026."
- Regulation 2026-11-02 — United States: final rules published
- Regulation 2026-11-02 — United Kingdom: FCA opened applications for authorisation on 21 April 2026.