Stablecoin Payments Reach $482 Billion As Token Supply Barely Grows
Summary
Allium estimates that identifiable stablecoin payments reached $482 billion in the first nine months of 2026, up 45% year over year, while stablecoin supply grew just 0.4% to about $305 billion. Payment transactions rose 71% to roughly 1.04 billion, indicating that activity increased through more frequent, smaller payments rather than supply growth alone. The dataset filters out movements such as internal wallet transfers and trading activity, but payment volume does not by itself prove profitability or lasting consumer adoption.
