Japan’s three largest banking groups, among the country’s leading financial institutions, are working on a joint stablecoin project to develop blockchain-based payment systems. According to Reuters, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group plan to issue a joint stablecoin by March 2027.
The sUSDat stablecoin lost its dollar peg, falling by 7% to $0.93 on Wednesday, 3 June, according to blockchain analysts at PeckShield. On Thursday, the decline became even deeper: for a short time, the stablecoin dropped to $0.90.
Global payment giants Visa, Mastercard, and Stripe are reportedly exploring the creation of a unified stablecoin platform. The largest U.S. crypto exchange, Coinbase, is expected to play a key role in the initiative, according to sources cited by CoinDesk.
AllUnity, the platform of Deutsche Bank, Germany’s largest bank by assets, has announced that it plans to launch SEKAU in June, a stablecoin backed 1:1 by the Swedish krona.
The total market capitalization of stablecoins has surpassed a historic milestone, reaching $322 billion. This marks the highest stablecoin market capitalization ever recorded. As a result, stablecoin reserves now exceed the foreign currency reserves of 95 countries worldwide.
Tether, in cooperation with the Government of Georgia and the National Bank of Georgia, will launch GELT — a stablecoin pegged to the Georgian lari under a dedicated regulatory framework. The regulatory system was designed in accordance with global standards regarding reserve management, redemption rights, issuer supervision, and compliance with anti-money laundering requirements.Tether, in cooperation with the Government of Georgia and the National Bank of Georgia, will launch GELT — a stablecoin pegged to the Georgian lari under a dedicated regulatory framework. The regulatory system was designed in accordance with global standards regarding reserve management, redemption rights, issuer supervision, and compliance with anti-money laundering requirements.
Cryptocurrency investigator ZachXBT reported that two smart contracts linked to the European stablecoin issuer StablR may have been compromised. According to ZachXBT, the attack may have put approximately $10 million worth of EURR and USDR stablecoins at risk.
In a new report, JPMorgan Chase stated that tokenised money market funds still account for only around 5% of the total stablecoin market despite their ability to generate yield. The bank noted that participants in the cryptocurrency market continue to prefer stablecoins because they have become the primary monetary instrument of the ecosystem for trading, collateral management, settlements, cross-border payments, and liquidity management across centralised exchanges (CEXs) and decentralised finance (DeFi) protocols.
Within the Flipcash ecosystem, users will be able to create digital currencies with a fixed supply and use them as a digital means of payment. All such currencies will be priced and serviced through USDF, which will serve as the platform’s unified settlement layer.
Japan’s Financial Services Agency (FSA) has formally approved new rules allowing foreign trust-type stablecoins to operate within the country’s national payment ecosystem. The amendments were published on 19 May 2026.
Total stablecoin market capitalisation has reached another all-time high, surpassing $323 billion. Over the past 30 days, most of the growth came from $USDT issued by Tether, while many competitors experienced declining market caps. At the same time, $USDC issued by Circle maintained leadership in transaction volume across all blockchain networks combined.
Over the past seven days, the stablecoin market reached a new record level of $323.343 billion, while net inflows totaled $1.542 billion. Tether posted modest growth of 0.04%, maintaining its market share at approximately 58.67%.
The crypto market is showing signs of a return to a risk-on phase amid growing capital flows into ETFs, stablecoins, and centralized exchanges. Binance attracted the largest share of these inflows, accounting for 78% of all net inflows to CEXs in May. This was reported by Incrypted, citing CoinDesk data.
Bank of England is reassessing its planned stablecoin restrictions after pressure from representatives of the cryptocurrency industry. This was stated by Deputy Governor for Financial Stability Sarah Breeden in an interview with Financial Times.
After the stablecoin market slightly surpassed the $320 billion mark last week, it attracted more than $2 billion in fresh investment over the past seven days. Defillama data shows that the total market capitalization of the stablecoin market currently stands at $322.74 billion.
The popularity of stablecoins continues to grow steadily, but this trend does not necessarily imply a proportional increase in their total market capitalization. This was reported by The Block, citing analysts from JPMorgan.
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