Stablecoin payments climb 45% to $482B as Visa, Mastercard and Stripe bridge crypto and cash

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Allium data shows stablecoin supply barely moved in 2026 while payment activity surged, with card networks building the rails Stablecoins spent 2026 getting busier, not bigger. Payment volume hit $482 billion from January through September, up 45% year over year, according to Allium’s latest report. Total supply barely moved. It rose just 0.4% to $305 billion as of September 30, 2026. Allium’s report, titled “State of Stablecoins and Payments, Q3 2026,” maps where that activity went. September set a monthly record at $72 billion in stablecoin payments. The third quarter as a whole grew 51% from the same period a year earlier. Transaction counts outpaced dollar growth. Payments jumped 71% to 1.04 billion transactions over the first nine months of the year. Allium’s data points in that direction.
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