Stablecoin Market Cap Falls $10 Billion Since May in Biggest Drop Since 2022
The stablecoin market fell $10B from its May peak, led by USDT and USDC declines. Analysts call it consolidation, not a crisis. Here's what the data shows.
Macro
Tether Invests $20 Million in Brazil's Mercado Bitcoin to Expand Latin American On-Chain Finance
Tether commits $20M to Mercado Bitcoin in a Series C round alongside SoftBank to expand stablecoin payments, tokenization, and lending across Latin America.
Kenya's Treasury Requires Stablecoin Issuers to Hold 30% of Reserves in Local Banks as Industry Warns of Higher Costs
Kenya's National Treasury proposes a 30% local bank reserve requirement for stablecoin issuers. Industry warns of higher costs and reduced market access.
MetaMask Money Account: mUSD Yield and Mastercard Spend
MetaMask launched Money Account on July 1, 2026, combining variable mUSD yield, Mastercard spending and self-custodial trading in a single balance.
MiCA Stablecoin Rules After July 1: What Changed in 2026
MiCA's July 1, 2026 enforcement deadline ends all EU stablecoin transition periods. USDT faces delistings. Circle's USDC and EURC are fully authorized. No extensions.
RLUSD Live in Japan After JFSA Approval
Ripple's RLUSD went live in Japan on June 25, 2026 as the first Type 4 electronic payment instrument cleared by the JFSA, distributed by SBI VC Trade.
Inside Fidelity's Reserves Digital Fund: What the SEC Filing Shows
Fidelity's SEC filing reveals the Reserves Digital Fund holds only 93-day Treasuries and GENIUS Act-compliant assets, with a $1M minimum and blockchain share class planned.
Wyoming WYST Stablecoin: August Launch Target
The Wyoming Stable Token Commission set August 20, 2026 as the WYST mainnet target, the successor to the Frontier Stable Token it launched in August 2025.
State Street Launches GENIUS Act-Aligned Money Market Fund for Stablecoin Reserve Management
State Street launches SSCXX, a GENIUS Act-aligned government money market fund for stablecoin issuers to hold reserves in US Treasuries. June 17, 2026.
Plasma One 2026: Stablecoin Neobank
British neobank Plasma launches Plasma One on June 17, its flagship stablecoin banking product built on the Plasma Network blockchain for instant global payments.
Ripple Invests in Flutterwave at $3.2 Billion Valuation to Bring RLUSD and XRP Ledger to Africa
Ripple invests in Flutterwave's Series E at a $3.2B valuation to integrate RLUSD and XRP Ledger into Africa's largest payments network. June 16, 2026.
Orbital Announces US Expansion in Miami to Serve Institutional Stablecoin and Cross-Border Payment Demand
Orbital announces a Miami US expansion to serve institutions building stablecoin and cross-border payment infrastructure following the GENIUS Act. June 15, 2026.
GENIUS Act Stablecoin Rules: Agency Deadline Update
How six federal agencies handled the July 18, 2026 GENIUS Act rulemaking deadline, what the OCC and FDIC proposals cover and what issuers watch next.
CoinDesk Opinion: Stablecoins Scaled as Digital Cash, Not Productive Capital
CoinDesk's John O'Connor argues stablecoins have scaled as digital money rather than productive capital, raising questions about yield restrictions under the GENIUS Act.
Japan Megabanks Joint Yen Stablecoin: MUFG, SMBC, Mizuho
Japan's three largest banks MUFG, SMBC, and Mizuho signed an MOU on June 10 to jointly issue a yen stablecoin targeting live transactions by March 2027.
MassPay and Coinbase Partner to Bring Stablecoin-Powered Payouts to Businesses Across 180 Countries
MassPay and Coinbase partner to enable USDC-powered cross-border payouts across 180 countries. Clients report 40% to 70% cost reduction versus international wires.