Economy: Stablecoin payments reach $482 billion in nine months
Stablecoin payments jumped 45% to $482 billion when supply stagnated at $305 billion. Deciphering a market that is changing in use.
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The number of transactions recorded by Allium is growing faster than their total value. The average payment amount increased from approximately $544 to $462 in one year. This development indicates that the increase in volumes is due to the multiplication of operations, even though each one mobilizes less money on average.
Perimeter matters. Allium distinguishes the flows that it classifies as payments from all transfers recorded on blockchains. The first may correspond to payments between companies, salary payments or remittances abroad.
Gross volumes also include movements such as transfers between wallets on the same platform. According to figures reported by CoinDesk, payments identified by Allium represent approximately 0.5% of these gross volumes over the period.
Outstanding measures the quantity of stablecoins in circulation on a given date. The volume of payments adds up the amounts transferred over a period. A company can, for example, receive stablecoins from a customer and use these same tokens to pay a supplier. Both regulations increase the volume of payments without changing the outstanding amount.
This distinction also helps to read the numbers in Circle. The USDC issuer reported $73.9 billion in circulation at the end of September, unchanged from a year ago. In the third quarter, the volume of USDC transactions on blockchains increased by 49%, to $13.9 trillion. This figure covers a broader set of transfers than the payments recorded by Allium.
The number of payments and their average amount thus shed light on an evolution that only the outstanding amount leaves aside. Over the first nine months of 2026, users made more payments in stablecoins, for smaller sums on average, with the total supply almost stable.
An editorial article. Le Journal du Coin, the first French-speaking news media on cryptocurrency, Bitcoin, and blockchain protocols.
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- Journal du Coin9 Nov, 16:00Economy: Stablecoin payments reach $482 billion in nine months ↗Figures: 482 milliards · 305 milliards
| Publisher Journal du Coin (general tier) | +72 |
| Checkable figures cited | +3 |
| Total | 75 |
Method: reports are grouped by the words of their headline and summary; each newsroom counts once; figures are read from the reports as published. Nothing here is written by an AI.