CoinFound Data: The total market capitalization of stablecoins is $321.76 billion.

MeNews · 2026-04-03T11:35:07+00:00

The stablecoin market remains stable, with USDT and USDC leading in market capitalization. The U.S. Department of the Treasury has implemented the GENIUS Act, allowing some stablecoins to choose state-level regulation. Regulatory guidelines and profit proposal reviews will influence market dynamics, and it is expected that issuance volume and institutional inflows will see moderate growth next week.

MeNews

2026-04-03 11:35:07

Abstract generation in progress

ME News message, April 3 (UTC+8), according to CoinFound data:

USDT market cap: $196.13 billion
USDC market cap: $76.61 billion
USDS market cap: $12.86 billion
EURC market cap: $12.28 billion
USDe market cap: $5.89 billion
USD1 market cap: $4.45 billion
PYUSD market cap: $4.06 billion

Market dynamics:

The U.S. Department of the Treasury has officially implemented the stablecoin 《GENIUS Act》, allowing issuers under $10 billion to choose state-level regulation
The U.S. Department of the Treasury has issued proposed rules regarding the “substantial similarity” criteria for state-level stablecoin regulation under the GENIUS Act
The proposed text for U.S. stablecoin yield will be reviewed by a working group from April 2 to 3 across the banking and crypto industries
Coinbase Chief Legal Officer: The 《CLARITY Act》 is “very close” to reaching an agreement on stablecoin yield issues

Summary:

Stablecoins overall are maintaining a stable trend. The GENIUS Act implementation rules + the review of yield-rate provisions constitute a regulatory signal, and are expected to drive a continued, modest increase in next week’s issuance volume and institutional inflows. (Source: CoinFound)

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