Stablecoin inflows rebound to $1.7B as Washington battles over yield rules
Messari says weekly stablecoin inflows rose 414% to $1.7 billion as debate over yield-bearing stablecoins continues to stall US market structure talks.
Weekly net stablecoin inflows rebounded last week as onchain activity picked up even while US awmakers and banking groups sparred over whether stablecoin issuers should be allowed to pay yield, according to a new Messari research report.
Weekly net stablecoin inflows accelerated to $1.7 billion, a 414.5% increase week-over-week, according to the report published on Wednesday.
The recovery also flipped the 30-day average to a positive $162.5 million in daily inflows. Transaction volumes also rose 6.3%, while average transaction size continued to decline, reflecting renewed stablecoin issuance demand and “strengthened” onchain activity amid retail investors, the report states.