Stablecoin market cap hits $285.69B as Japan broadens regulatory approvals
ME News, June 26 (UTC+8) — CoinFound data tracking cross-chain stablecoin market value shows total capitalization at $285.69 billion. By network: Ethereum $175.566 billion, TRON $89.401 billion, Solana $15.412 billion, Arbitrum $3.107 billion, and BNB Chain $2.202 billion.
In Japan, Ripple's stablecoin RLUSD has launched and secured approval from the Financial Services Agency. Asset manager Invesco said it plans to roll out a tokenized stablecoin reserve fund. Circle is working with Nomura Holdings to introduce a corporate USDC payment and settlement service in Japan.
Market risks remain in focus. Stablecoin MIM fell off its peg to roughly $0.50, prompting Abracadabra to activate emergency measures.
Overall, stablecoins continue to expand through regulatory alignment in markets such as Japan and the U.S., with growing adoption in corporate payments and increased participation from traditional asset managers. The latest depegging incident underscores that credit and stability risks are still not fully resolved.