Stablecoin payments hit $482 billion year to date despite flat circulating supply
Stablecoin payments grew 45% year over year to $482 billion through September 30, driven by surging card spending and integration from major payment networks even as total token supply barely changed.
Stablecoin payment volume reached $482 billion year to date through September 30, climbing 45% year over year, according to data from analytics firm Allium reported by CoinDesk. Transaction counts increased 71% to hit 1.04 billion over the same period.[1][2][4]
The rapid expansion in payment activity occurred alongside stagnant growth in the tokens themselves. Allium reported that the circulating supply of stablecoins grew by just 0.4% during the period, indicating that existing digital dollars are circulating more actively for commercial usage.[1][2][4]
The surge in payments has been propelled by rising card spending and global payment processors adding crypto rails. Major payment networks including Visa, Mastercard, and Stripe have moved to bridge crypto assets directly to fiat cash.[1][3]
Key facts
- Stablecoin payment volume reached $482 billion year to date through September 30, up 45% year over year, according to Allium.
- Total stablecoin transactions climbed 71% year over year to 1.04 billion through September 30.
- Stablecoin circulating supply grew by only 0.4% over the same measurement period.
- Growth was driven by surging card spending and payment networks including Visa, Mastercard, and Stripe connecting crypto to cash.
Sources · 4 sources
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CoindeskArticle ·
Stablecoin supply stalls, but payments jump 45% as Visa, Mastercard and Stripe connect crypto to cash Analytics firm Allium said stablecoin payments hit $482 billion this year so far, up 45%, as card spending surges and global payment firms add crypto rails.
Open source - TE
TechmemeArticle ·
Allium: stablecoin payments rose 45% YoY to $482B YTD through September 30, with transactions up 71% to 1.04B, while circulating supply grew just 0.4% (Krisztian Sandor/CoinDesk) Krisztian Sandor / CoinDesk : Allium: stablecoin payments rose 45% YoY to $482B YTD through September 30, with transactions up 71% to 1.04B, while circulating supply grew just 0.4% — Stablecoin supply has barely budged this year, but the digital dollars already in circulation are doing more work in payments …
Open source - CB
Crypto BriefingArticle ·
Stablecoin payments climb 45% to $482B as Visa, Mastercard and Stripe bridge crypto and cash The rise in stablecoin payments highlights a shift towards digital transactions, potentially reshaping financial systems and market dynamics. The post Stablecoin payments climb 45% to $482B as Visa, Mastercard and Stripe bridge crypto and cash appeared first on Crypto Briefing .
Open source - TE
Techmeme@TechmemePost on X ·
Allium: stablecoin payments rose 45% YoY to $482B YTD through September 30, with transactions up 71% to 1.04B, while circulating supply grew just 0.4% (@sndr_krisztian / CoinDesk) (Visit Techmeme dot com for the link and full context!)
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