Stablecoin Payments Hit $400B+ in 8 Months, Growing 7x Faster Than Fiat Cross-Border Rails

For years, the crypto industry treated stablecoin market capitalization as a scoreboard for adoption. We tracked supply growth with religious fervor, assuming that more tokens in circulation meant more utility. The latest Allium State of Stablecoins and Payments report suggests that era is over. For the first time, we have comprehensive demand-side data showing that stablecoin payment volume is not a rounding error. It is a funded infrastructure category that hit over $400 billion in just eight months. The most striking signal is a clean decoupling. While stablecoin supply growth has effectively flatlined at a modest 6% year-over-year, payment volume has surged by 42% to 63%. We are witnessing a shift from asset accumulation to pure velocity. Money is no longer sitting in wallets waiting for the next market cycle.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Forkast.