Archive
All published content — weekly market recaps, insights, and research.
Insight
Stablecoin Banking: The New Battle for Deposits, Payments and Licenses
Stablecoins are moving into the banking stack: deposits, payments, custody and licensing. StablecoinBeat data shows USDT and USDC held ~81% of $324B supply as of June 2026, with non-dollar tokens near 0.3%. Banks, neobanks, payment firms and trust banks now compete over four models of regulated digital money.
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Insight
AI Agents, Micropayments, and Stablecoin Rails
Agentic commerce is not one market. Stablecoins will not become the default rail for AI-assisted retail. Their stronger case is narrower: autonomous digital procurement, where bounded agents buy small units of API access, data, and compute from suppliers discovered at runtime.
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Insight
BIS vs Stablecoins: The Fragmentation Debate Is Back
The BIS warns of stablecoin fragmentation, but StablecoinBeat data tells a different story. At HHI 3,995, the market is dominated by USDT and USDC. The real risk is concentrated issuers inside fragmented legal regimes.
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Insight
Aave Bad Debt Crisis: How the Kelp DAO Exploit Hit Stablecoin Liquidity
The Kelp DAO exploit created $123–230M in Aave bad debt without touching a single stablecoin reserve. Analysis of how cross-chain collateral failure cascades into stablecoin liquidity stress.
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Insight
Stablecoins Are Becoming Instruments of Currency Competition
An institutional analysis of how U.S. rulemaking, European concern over dollar dominance, and stalled global standards are turning stablecoins into a new arena of currency competition.
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Weekly Recap
Stablecoin 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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Insight
Europe's Stablecoin Policy Is Becoming a Market Access Regime
A Germany-Italy proposal would tie EU stablecoin market access to regulatory equivalence and give the EBA power to ban non-compliant issuers. Analysis of MiCA's next phase.
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Weekly Recap
Stablecoin Recap Mar 30–Apr 6, 2026: USDD added $0.565 billion during a week that also saw the Fed's Barr back stablecoin clarity.
The total stablecoin market cap increased from $324.68 billion to $325.84 billion, a rise of $1.16 billion or 0.36%. This growth occurred during a week when the Fed's Barr backed stablecoin clarity wh
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Weekly Recap
Stablecoin Recap Mar 23–30, 2026: USDC experienced a $1.237 billion outflow.
The total stablecoin market capitalization began the week at $325.57 billion and ended at $324.68 billion, decreasing by $0.89 billion or 0.27%. During the same week, the Financial Stability Board (FS
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Weekly Recap
Stablecoin Recap Mar 16–23, 2026: USDC saw a $0.399 billion outflow as the total stablecoin market cap decreased by $0.04 billion.
The total stablecoin market capitalization began the week at $325.61 billion and ended at $325.57 billion, a slight decrease of $0.04 billion or 0.01%. During the same period, USDC experienced outflow
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Insight
Mastercard's BVNK Deal and the Rise of Stablecoin Infrastructure
Mastercard's $1.8B acquisition of BVNK signals stablecoins are becoming core payment infrastructure for enterprise settlement and treasury management.
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Insight
Oil Shock and Stablecoin Demand Explained
Rising oil prices are increasing global demand for stablecoins as offshore digital dollars, especially in emerging markets.
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Weekly Recap
Stablecoin Recap Mar 9–16, 2026: USDC added $0.346 billion.
The total stablecoin market capitalization increased from $325.07 billion to $326.06 billion, a rise of $0.99 billion or 0.31%. This growth occurred during a week when UK borrowing costs reached their
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Weekly Recap
Stablecoin Market Recap: March 4–11, 2026
Total stablecoin market cap rose $5.0B to $323.42B. USDC led inflows with +$1.87B. USD1 depeg and Florida stablecoin bill were the week's key events.
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Insight
Stablecoins, x402, and the Agent Economy
How stablecoins and x402 could become the programmable, low-cost payment layer for autonomous agents, machine commerce and digital infrastructure systems.
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Weekly Recap
Stablecoin Recap Mar 2–9, 2026: USDC added $2.047 billion during a $4.17 billion market cap increase.
The total stablecoin market capitalization rose from $317.49 billion to $321.66 billion, a $4.17 billion increase or 1.31%. During a week that also saw Circle’s policy chief urging the UK to merge MiC
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