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Due to the delay in the legislative process of the "Digital Asset Basic Law," several financial institutions in South Korea are providing stablecoin payment services aimed at foreign users to bypass regulatory restrictions and proactively establish infrastructure and cooperation networks.Specifically, Hana Financial Group has partnered with Circle and Crypto.com to launch a USDC payment pilot, Danal plans to introduce similar services with Circle and Binance Pay, Crypto.com and KG Inicis have launched a payment gateway, BC Card is testing USDC payment technology with Coinbase, and KB Kookmin Card has applied for a patent for the integration of stablecoin and bank card payments. Analysts say that these services aimed at foreign users are equivalent to a "regulatory sandbox," helping companies validate their business models before formal policies are implemented.

According to Alex Data, the total trading volume of the Japanese stablecoin JPYC has reached 136 million USD, of which 90 million USD was processed through the Polygon network. JPYC has a wide range of use cases on Polygon, primarily for payment services on platforms such as Tria, Daimo, and CurrencyCompetition.

The on-chain prediction market platform Polymarket announced that it will conduct "the largest infrastructure upgrade since its launch" in the next 2-3 weeks, including a complete reconstruction of the trading engine and the launch of the native stablecoin Polymarket USD.This upgrade will introduce a brand new CTF Exchange V2 smart contract system, optimizing matching logic and order structure, improving matching efficiency, and reducing gas costs. At the same time, the platform will upgrade the Central Limit Order Book (CLOB), adopting a hybrid model of off-chain order matching + on-chain settlement.At the asset level, Polymarket will launch the native stablecoin Polymarket USD, pegged 1:1 to USDC, to replace the previous cross-chain version USDC.e on Polygon, enhancing asset security and consistency. In addition, the platform will support the EIP-1271 standard, allowing multi-signature wallets (such as Safe) to participate directly in trading, further expanding use cases for institutions and advanced users.Polymarket stated that the existing order book will be cleared during the upgrade, and the specific maintenance time will be announced one week in advance. This upgrade comes amid intensified competition in the prediction market, as the platform accelerates performance and user experience improvements.

According to Crypto In America, the core disagreement between the U.S. cryptocurrency and banking industries regarding the stablecoin yield mechanism may be close to resolution. Several informed sources have revealed that both sides have initiated a new round of communication regarding the latest compromise plan. Although the details have not been disclosed, the overall expectation is becoming optimistic.A previous draft pushed by U.S. senators had sparked dissatisfaction in the industry, with institutions such as Coinbase and Stripe expressing concerns. The market is focused on the "Clarity Act," which is expected to enter the committee review stage later this month. If the yield issue is alleviated, the legislative focus will shift to remaining topics such as DeFi, tokenization, and token classification.In addition, a White House research report on stablecoin yields and their impact on the banking system has yet to be released. It is said that the overall conclusion of the study leans towards supporting the cryptocurrency industry, and the reason for the delay in publication remains unclear.

Data shows that Circle minted approximately 3.25 billion USDC on Solana in the past 7 days, marking the largest weekly minting volume of stablecoins in 2026.

10x Research stated on platform X that ETH has performed poorly over the past five years, with trading prices remaining around the $2000 level reached in the previous cycle. Since November, low on-chain activity has limited ETH demand and value accumulation, leading 10x Research to maintain a cautious stance.After a 57% drop from its peak in 2025, ETH is currently relatively undervalued, while BTC has dropped about 42% during the same period. Despite facing significant market cap losses, such as Bitmine's ETH treasury company retracting about $8 billion, capital accumulation continues. Recently, the issuance of USDT on the Ethereum network has surpassed that of Tron. This has sparked the view that Ethereum may become a major beneficiary of stablecoin growth and could become a Wall Street-driven backbone for on-chain infrastructure finance. 10x Research is reassessing whether ETH is approaching a turning point or if structural resistance still exists.

Despite the cooling of the cryptocurrency market, stablecoins continue to develop rapidly. According to DefiLlama data, the total market capitalization of stablecoins increased by 0.43% over the past week, with a circulating market cap of $31.7255 billion, reaching a historic high.Meanwhile, the market share of USDT continues to decline, falling below 60% to currently report 58.03%. The stablecoin USDS under Sky has seen significant growth, with a circulating market cap increase of 9.57% over the past week, currently reporting a circulating market cap of $8.924 billion, making it the third largest stablecoin by market cap.

According to official news, Agora announced that starting from April 3, 2026, it will gradually stop the issuance and support of AUSD on the Injective network. According to the latest adjustments, no new AUSD will be minted on Injective from today, and AUSD held on this network will no longer earn any rewards. However, users can still redeem AUSD at a 1:1 value, and the redemption window will last until September 28, 2026. This adjustment only applies to the Injective network and does not affect the operation of AUSD on other chains.Regarding the redemption process, Agora stated that its clients can complete the operation through their account contacts. Users only need to send AUSD on Injective to the official channel, and the platform will assist in converting it to AUSD on the user-specified chain or exchanging it for US dollars and other supported stablecoins. The official emphasized that September 28, 2026, is the standard redemption deadline, and after that, remaining assets can still be processed, but may require additional KYC verification processes and related fees.Agora pointed out that this decision stems from its regular evaluation mechanism for multi-chain deployment, with key considerations including actual usage, ecosystem health, and infrastructure costs. After a comprehensive assessment, Agora decided to strategically shrink the AUSD business on the Injective network to optimize resource allocation and improve overall operational efficiency.

According to the latest data from Dune and Visa, Ethereum's market share in the supply of non-USD stablecoins has dropped from 90% at the beginning of 2023 to 65% in February 2026, indicating that other blockchains are rapidly capturing the market. Nevertheless, Ethereum remains the primary chain for stablecoin issuance.It is noteworthy that Ethereum ranks only fifth in the number of independent senders in the stablecoin network, but the overall user adoption rate of the ecosystem continues to grow, with independent senders increasing from 2,000 at the same time last year to 12,000, reflecting the accelerated expansion of the stablecoin ecosystem.

According to Cointelegraph, in February 2026, the monthly trading volume of stablecoins reached $7.2 trillion, surpassing the $6.8 trillion of the U.S. Automated Clearing House (ACH) network for the first time. Data from Artemis shows that stablecoins are becoming the infrastructure for global payments: "No banks, no weekends, no borders."In March, the trading volume of stablecoins continued to hit new highs, reaching $7.5 trillion. In the first quarter of 2026, the total supply of stablecoins reached $315 billion, accounting for 75% of the total cryptocurrency trading volume. Analysts at Standard Chartered Bank expect the total market value of stablecoins to reach $2 trillion by 2028. The content head of trading firm GSR stated that banks or fintech companies that ignore the explosive growth in this area will face a crisis.

According to Cointelegraph, data shows that the total supply of stablecoins increased by approximately $8 billion in the first quarter of this year, reaching a record $315 billion. In this quarter, stablecoins accounted for 75% of the total cryptocurrency trading volume, setting a historical high.At the same time, the total transaction volume of stablecoins surpassed $28 trillion. Among them, retail-scale transfers (typically associated with individual users) fell by 16%, marking the largest decline in history; automated trading activities surged, with bots accounting for about 76% of all stablecoin trading volume.

According to Dune data, Ethereum currently holds about 65% of the non-USD stablecoin supply, down from about 90% at the beginning of 2023. Although other chains are catching up, Ethereum remains the default choice for stablecoin issuance.Dune reports that while the distribution and activity of stablecoins mainly occur on other chains, Ethereum ranks fifth in terms of independent senders, but its growth rate is rapid. By February 2026, the number of independent senders increased from 2000 to 12000, achieving significant year-on-year growth.

According to Politico, three informed sources revealed that cryptocurrency companies and Wall Street firms will review the new stablecoin yield agreement text from April 2 to 3, which was jointly drafted by Republican Senator Thom Tillis and Democratic Senator Angela Alsobrooks.Currently, the plan is to limit the review of the text to relevant parties and not to make it publicly available on a broader scale. Last week, parties visiting Capitol Hill were allowed to read the text on-site but were not permitted to take copies out.

Institutional-grade digital asset custody service provider BitGo has officially launched the BitGo Mint service, allowing institutional clients to mint, redeem, and manage stablecoins and other digital assets within a unified workflow.The service initially supports USD 1 issued by World Liberty Financial, as well as SoFi USD issued by SoFi Bank, which is regulated by the OCC and insured by the FDIC. BitGo had previously provided infrastructure support for these two stablecoins at the end of last year.

According to data released by Dune on April 1, 2026, the number of independent sending addresses for non-USD stablecoins on Solana has nearly tripled year-on-year, driven primarily by the euro stablecoin EURC and the Brazilian real stablecoin BRZ.With sub-second confirmation speeds and nearly zero fees, Solana is actively positioning stablecoin payments as a core application scenario and has already been integrated by institutions such as Visa, Stripe, PayPal, Mastercard, and Western Union. This growth data was jointly researched and released by Dune and Visa, shortly after Solana launched its stablecoin payment infrastructure in February 2026.The overall trend reflects the market's increasing demand for high-throughput blockchain cross-border payments, with non-USD stablecoins accelerating their transition from niche applications to mainstream payment channels.

Coinbase Chief Legal Officer Paul Grewal stated in an interview with Fox Business that the upcoming "Clarity Act" is "very close" to reaching an agreement regarding the debate on stablecoin yields.Grewal mentioned that the cryptocurrency market structure bill is progressing, although the debate surrounding stablecoin yields continues. He noted that all parties are gradually realizing that while reward mechanisms are important, other key elements in the bill are also crucial for achieving President Trump's vision of making the U.S. the "global crypto capital."The U.S. banking industry has previously lobbied for the "Clarity Act" to include provisions that prohibit crypto platforms from offering yields on idle stablecoin balances, arguing that this could lead to a significant outflow of bank deposits. In response, Grewal stated that there is currently no evidence indicating that deposit outflows are actually occurring and pointed out that the issue of stablecoin yields should not be conflated with other challenges facing the banking industry.Grewal expressed optimism about the bill's prospects, stating that he expects the Senate Banking Committee to initiate review hearings in the coming weeks and ultimately hold a full vote.Coinbase and its CEO Brian Armstrong have previously publicly opposed versions of the bill that prohibit rewards on idle stablecoin balances, arguing that such restrictions would stifle innovation in the U.S. and harm consumer interests. Meanwhile, Coinbase's stock price (COIN) has fallen 50% over the past six months amid a prolonged downturn in the crypto market, closing down 0.9% at $172.99 on Wednesday.