Stablecoin inflows strengthened last week as activity across blockchain networks picked up, even as political debate in Washington continued over whether third parties should be allowed to offer yield on stablecoins, according to a new report from Messari.

The report, released Wednesday, showed weekly net stablecoin inflows rising to $1.7 billion, representing a 414.5% increase compared with the previous week. The surge also pushed the 30-day average back into positive territory, reaching roughly $162.5 million in daily inflows.

Transaction volumes increased by 6.3% during the same period, while the average transaction size continued to decline. Messari said this pattern indicates renewed demand for stablecoin issuance and “strengthened” onchain activity driven largely by retail market participants. Net inflows measure the number of newly issued stablecoins entering circulation after accounting for redemptions.

The rebound followed a weaker stretch earlier in the year. Messari’s data showed inflows of about $249 million two weeks prior and roughly $4.4 billion in net outflows over the 30 days leading up to Feb. 18.

Stablecoin yield dispute complicates US legislation

The renewed activity coincides with growing political disagreement in Washington surrounding so-called yield-bearing stablecoins. Banking groups have argued that allowing affiliates of stablecoin issuers to provide yield could create regulatory gaps that may draw deposits away from traditional banks. As a result, they have urged lawmakers to limit the practice while negotiating broader digital asset legislation.

The Digital Asset Market Structure Clarity Act, commonly referred to as the CLARITY Act, is intended to establish a clearer regulatory framework for digital assets. The House of Representatives approved the legislation on July 17, 2025, and the bill has remained under consideration in the Senate since then.

The Senate Banking Committee initially planned to mark up the bill in mid-January, but the process was postponed indefinitely amid disagreements over the treatment of stablecoin yield.

Political pressure grows as stablecoin rules evolve

Debate intensified this week after US President Donald Trump criticized banks for allegedly delaying 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 Tuesday on his Truth Social platform.

Alongside the CLARITY Act, lawmakers also passed the GENIUS Act in July 2025. The legislation establishes a federal regulatory framework for stablecoins and restricts issuers from paying interest or yield simply for holding a payment stablecoin. However, third-party platforms are still permitted to offer rewards programs linked to stablecoin balances. The GENIUS Act was signed into law by Trump on July 18, 2025.

Sources:

https://cointelegraph.com/news/stablecoin-inflows-rebound-to-1-7b-as-washington-battles-over-yield-rules

https://messari.io/report/in-the-stables-inflows-surge-414-as-stablecoin-use-returns

https://truthsocial.com/@realDonaldTrump/posts/116167496865556148

https://messari.io/report/in-the-stables-bridge-wins-occ-approval