In The Stables: Inflows Surge 414% as Stablecoin Use Returns

This week’s edition of In The Stables highlights a rebound in stablecoin demand and usage after a slow start to the year. Total stablecoin market cap expanded 0.63% WoW to $293.7 billion, led by USDS and PYUSD gains while USDe contracted. Onchain activity strengthened meaningfully, with transaction volume up 6.3% WoW to $312.5 billion, daily transactions rising 9.5% to 30.9 million, and average transaction size declining to signal growing retail participation. Net inflows surged 414.5% WoW to $1.7 billion, nearly half of the past 30 days’ total, while institutional moves advanced with AllUnity’s CHF stablecoin, Meta’s payment exploration, Qivalis’ euro plans, and Visa/Stripe’s global card expansion....