Weekly Insights Charts Tracker Companies Networks Glossary
Total Market Cap $327.3B
USDT Dominance 56.7%
USDC Dominance 24.0%
7-Day Change +0.6%
Updated 2026-04-15
Abstract visualisation of European regulatory framework for stablecoins with market access barriers and cross-border monetary flows
Insights
Europe's Stablecoin Policy Is Becoming a Market Access Regime
Philippe de Sévigné· Apr 10, 2026 ·12 min read

A Germany-Italy proposal would condition EU market access for stablecoins on regulatory equivalence and give the EBA power to ban non-compliant issuers. It reframes stablecoins as cross-border monetary instruments requiring jurisdictional scrutiny, not just firm-level compliance.

Stablecoin Beat tracks 12 stablecoins across 30 blockchain networks, covering $327.3B in market capitalisation. Data is sourced daily from CoinGecko and DefiLlama. Profiles cover 18 companies and 25 stablecoin products. Historical snapshots run from December 2025 to present (372 daily snapshots).

Market Indicators All indicators →
Market Concentration (HHI) 3814 Highly Concentrated Avg Peg Stability Score 97/100 Stable Market Velocity Index 0.276× Payment / Settlement Supply Shock Index 0.001 Demand Absorbing 30-Day Net Flow +1.7B Net Inflow Liquidity Depth Score 20742.94 Leader: USDT USDT↔USDC Correlation -0.04 Diverging USDC Market Beta 0.65 Defensive PCA — PC1 Variance — Systematic factor Granger Causality No Signal USDT vs USDC
Recent Analysis All insights →
Abstract visualisation of global payment infrastructure with stablecoin rails connecting fiat and blockchain settlement networks
Insights
Mastercard's BVNK Deal Signals Stablecoins Are Becoming Core Payment Infrastructure
Mar 21, 2026 ·11 min
Mastercard's acquisition of BVNK marks a shift in how stablecoins are used, moving from niche crypto applications to core payment infrastructure for business settlement, treasury efficiency, and cross-border payments.
 Oil barrels and global financial flows visualised as a network of glowing dollar streams and stablecoin transactions across emerging markets
Insights
Oil Shock, Dollar Demand, and the Stablecoin Bid
Mar 20, 2026 ·11 min
An oil-driven inflation shock is increasing global demand for stablecoins as offshore digital dollars, particularly in emerging markets.
Weekly Recap
Apr 6–13, 2026
USDC added $0.995 billion during a week when the FDIC revealed proposed rules for stablecoin issuers.
The stablecoin market cap increased from $325.84 billion to $326.12 billion, a rise of $0.28 billion or 0.09%. This growth occurred during a week when the FDIC revealed proposed rules for stablecoin i
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Market Data Full tracker →
Total Market Cap — 30-day trend View tracker → USDT Dominance — Share of total stablecoin supply View tracker → Live Tracker 300+ Stablecoins ranked by market cap Open tracker →
About Stablecoin Beat
What is Stablecoin Beat?
Stablecoin Beat is a market intelligence platform tracking the stablecoin ecosystem. It publishes daily data on 12 stablecoins totalling $327.3B in market cap, plus on-chain flow signals, peg stability scores, and editorial analysis of stablecoin markets, policy, and infrastructure.
What is the total stablecoin market cap?
The total stablecoin market cap is $327.3B as of 2026-04-15. Tether (USDT) holds 56.7% dominance. Data is updated daily from CoinGecko.
Which stablecoins does Stablecoin Beat track?
Stablecoin Beat tracks 12 stablecoins by market capitalisation, including USDT (Tether), USDC (Circle), DAI, USDe (Ethena), FDUSD, PYUSD, RLUSD, and all other USD-pegged and algorithmic stablecoins with meaningful market cap. Data covers 30 blockchain networks sourced from CoinGecko and DefiLlama.
How often is stablecoin data updated?
Market cap and price data are updated daily at 15:00 UTC from CoinGecko. The signals feed is refreshed five times daily. Weekly editorial recaps are published every Monday.
What is stablecoin market dominance?
Stablecoin market dominance measures the percentage of total stablecoin market cap held by a single issuer. USDT currently holds 56.7% dominance. Shifts in dominance signal capital flows between issuers, often tied to regulatory developments, yield differentials, or chain-level adoption trends.
What is a stablecoin depeg?
A stablecoin depeg occurs when a dollar-pegged stablecoin trades materially above or below $1.00. Stablecoin Beat monitors all major USD-pegged stablecoins and flags any instance where price moves outside a ±0.5% band as a depeg event, which may signal reserve stress, liquidity pressure, or loss of market confidence.