Stablecoin supply has stalled in 2026, but payments rose by 45% to $480B: Report

Image: AMBCrypto
Stablecoin market supply eased in 2026 amid the broader crypto winter, but related payment volumes exploded by 45%. As of September, stablecoin payment volumes hit $482B, up from $331B seen last year during the same period. That marked a 45% surge on an annualized basis, primarily driven by businesses. According to the report, stablecoin payment volumes received by businesses increased by 37% from $179B to $246B. From a payment categories perspective, businesses dominated 64% of the volumes. Consumer-to-business transaction count nearly doubled as average payment size fell, while B2B value grew faster than count. Transfers between consumers gained share, but payments involving businesses still accounted for 64% of dollars moved.
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