Chainalysis' latest report shows Latin America emerging as a global stablecoin hub, with Brazil leading worldwide in crypto adoption and value received. Stablecoin use grew significantly across the region, driven by Mexico and Venezuela, even as global crypto market cap fell 50%.
Yellow Card, a global stablecoin infrastructure provider, has secured $40 million in strategic funding from investors including SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital, and Blockchain Capital. The company plans to use the capital to expand its Global USD Accounts product and stablecoin payment rails into Latin America, EMEA, and Asia-Pacific regions.
Adjusted stablecoin transaction volume reached a record $1.79 trillion in June 2026, up 63% from May's $1.1 trillion, according to Visa data. Circle's USDC accounted for approximately 70% of the volume, extending its lead over Tether's USDT.
Coinbase partnered with Cardless to launch a stablecoin-backed credit card, while Visa and Mastercard are preparing to enter the stablecoin market and compete over AI agent payment infrastructure, challenging the decade-long dominance of Tether and Circle.
Tether announced a $150 million recovery program for Drift Protocol following the $280 million exploit, with the funding contingent on Drift switching from USDC to USDT as its primary settlement asset. The total recovery plan reaches $147.5-$148 million when combined with other sources.
The U.S. Treasury Department issued a Notice of Proposed Rulemaking on April 8 requiring payment stablecoin issuers to implement anti-money laundering and sanctions compliance measures for secondary market transactions. The proposal sets new standards for combating illicit finance in stablecoin markets.
Stablecoin monthly transaction volume reached $7.2 trillion in February 2026, exceeding the $6.8 trillion processed by the US Automated Clearing House (ACH) network for the first time. Total stablecoin supply reached $315 billion in Q1 2026.
