Stablecoins

Track stablecoin supply, volume, and flows across tokens, chains, exchanges, and regions.

Overview By Token By Chain By Exchange By Region Use Cases Compare Research

Research

Stablecoin Payments Report

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Stablecoin Payments from the Ground Up

A comprehensive analysis of $136B+ in characterized stablecoin payment volume across 31 providers, covering B2B settlements, card payments, P2P transfers, and more. Data from January 2023 through August 2025.

“Stablecoins are being used not just for crypto trading, but increasingly feature in the ordinary economic lives of millions of individuals around the world.”
— Nic Carter, General Partner at Castle Island Ventures

Stablecoin Payments by TypeMonthly characterized stablecoin payment volume by transaction type (Jan 2023 — Aug 2025)

Payment Volume by BlockchainShare of stablecoin payment volume by chain

Payment Volume by TokenUSDT vs USDC share of payment volume

Stablecoin Flows by CountryPercentage of characterized stablecoin payment flows by sender country

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Agentic Payments Bridges CEX Chains Crypto ETFs DATs DEX Flows Lending Perpetuals Prediction Markets RWA RWA Perps Stablecoins TCGs