Weekly stablecoin inflows rebounded last week as onchain activity increased, even as US lawmakers and banking groups continued debating whether stablecoin issuers should be permitted to offer yield, according to a new report from Messari.
The report, published Wednesday, showed that weekly net stablecoin inflows climbed to $1.7 billion — a 414.5% jump compared with the previous week.
This rebound also pushed the 30-day average back into positive territory, reaching $162.5 million in daily inflows. At the same time, transaction volume rose 6.3%, while the average transaction size declined, indicating stronger activity from retail investors and renewed demand for stablecoin issuance.
Net inflows measure the amount of new stablecoins entering circulation after accounting for redemptions.
The increase comes after a weaker stretch earlier in the year. Messari data previously recorded $249 million in weekly inflows two weeks prior and about $4.4 billion in net outflows during the 30 days leading up to Feb. 18.
The surge in stablecoin demand comes as policymakers in Washington remain divided over “yield-bearing” stablecoins. Banking groups argue that allowing issuers to offer yield could create a loophole that draws deposits away from traditional banks, and they have urged lawmakers to limit the practice while negotiating a broader crypto market structure bill.
The Senate Banking Committee had originally planned to review the bill in mid-January, but the markup was postponed indefinitely due to disagreements surrounding stablecoin yield provisions.
On Tuesday, US President Donald Trump accused banks of slowing progress on the legislation.
“The Genius Act is being threatened and undermined by the Banks, and that is unacceptable — We are not going to allow it,” Trump wrote in a post on Truth Social.
The GENIUS Act, which establishes a federal regulatory framework for stablecoin issuers, bars issuers from offering interest or yield simply for holding a payment stablecoin. However, third-party platforms would still be permitted to run rewards programs linked to stablecoin balances.
Meanwhile, the Digital Asset Market Structure Clarity Act, commonly known as the CLARITY Act, aims to create a broader regulatory structure for digital assets. The House of Representatives approved the bill on July 17, 2025, and it is currently being debated in the Senate.
