COINDESK · 2026-11-08 19:19 UTC

Stablecoin growth has stalled. The payments boom hasn't

Stablecoin supply rose just 0.4% to $305 billion in the first nine months of 2026, according to Allium. Payments involving stablecoins climbed 45% to $482 billion over the same period, and transaction count rose 71% to 1.04 billion. Circle reported USDC supply flat at $73.9 billion year over year while on-chain transaction volume rose 49% to $13.9 trillion.

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