• Welcome to In The Stables, a weekly briefing on the most important developments shaping the global stablecoin ecosystem. • Each edition delivers clear, data-driven insights into market structure, regulatory momentum, and protocol-level shifts, along with a curated look at supply, flows, and onchain usage trends across the sector. • What’s included this week: The total stablecoin market cap declined 1.0% WoW to $305.1 billion, driven by continued supply contraction in USDT and USDC, while select mid-cap issuers like USDS and USD1 continued to gain share. • Onchain activity diverged, with average daily active addresses rising 7.8% WoW even as transaction volume fell 4.4% WoW, pointing to broader participation but smaller average transfer sizes. • Institutional momentum accelerated as Fidelity launched its FIDD stablecoin on Ethereum and VersaBank outlined plans for stablecoin custody and interest-bearing deposit tokens, underscoring growing bank-led experimentation. • Regulatory and protocol developments remained active, highlighted by Tether’s launch of a GENIUS-compliant USAT stablecoin and ongoing U.S.
Article Summaries:
- Welcome to In The Stables, a weekly briefing on the most important developments shaping the global stablecoin ecosystem. Each edition delivers clear, data-driven insights into market structure, regulatory momentum, and protocol-level shifts, along with a curated look at supply, flows, and onchain usage trends across the sector. What’s included this week: The total stablecoin market cap declined 1.0% WoW to $305.1 billion, driven by continued supply contraction in USDT and USDC, while select mid-cap issuers like USDS and USD1 continued to gain share. Onchain activity diverged, with average dail
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