HBAR is at $0.09315 on the daily, down 2.9% on the session, after the largest volume candle in weeks drove a breakout from the $0.08000 lows toward $0.09731, and the daily RSI at 54.96 and MA structure below current price suggest the pullback is short-term noise against a structure that is still building.

USDC active addresses dropped 40% between March 21 and April 23, 2026, recovered partially to 145,114 by May 8, and the supply and exchange reserve data as of May 12 adds a specific layer of context: total supply has contracted to 54.4B while exchange reserves sit at 14.7B, near their lowest level since early April.

CoinGecko's 2026 RWA Report maps the six largest stablecoin issuers across backing, transparency, regulation, and yield, revealing that the stablecoin market is not one market but two, separated by whether the issuer passes yield to holders and whether its flagship product is compliant with major regulations.

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