Stablecoin payments hit $482B this year despite flat supply
Allium data shows stablecoin payment volume up 45% to $482 billion so far this year, even as token supply growth stalls and card networks add crypto rails.
Stablecoin payment activity has grown faster than the supply of the tokens themselves, according to analytics firm Allium. It estimates stablecoin payments reached $482 billion so far this year, a 45% increase.
The data points to rising use of stablecoins as a settlement layer for payments, even as the total supply of tokens has stalled. Card spending has also surged, according to the firm.
Payment firms add crypto rails
The trend coincides with moves by major payment companies to connect crypto assets with existing cash and card systems. Visa, Mastercard and Stripe are among the firms adding crypto payment rails.
Stablecoins are typically pegged to a fiat currency and used to move dollar-like value across blockchains. Their role in payments depends on liquidity, settlement speed and regulatory clarity.
The Allium estimates cover payment volume, not overall stablecoin transfer activity, and may not capture all on-chain transactions. The source did not provide a breakdown by token or region.