Stablecoin Payment Activity Report
Stablecoins are rapidly evolving from a crypto-market tool into an increasingly important part of the global payments landscape. Total stablecoin supply reached $303 billion at the end of August 2026, up 6% year over year and 79% over two years, with Tether and Circle accounting for 85% of total supply. Yet headline transaction volumes alone do not tell the full story of how stablecoins are being used.
Drawing on the latest data from Allium, A&M’s Stablecoin Payment Activity Report looks beyond headline figures to examine the scale and composition of real payment activity, where stablecoin payments are occurring, who is using them and the factors driving growing interest among financial institutions, payment networks and businesses.
Key Insights Include:
- Why stablecoin payments reached at least $401 billion in the first eight months of 2026, up 42% year over year, even as stablecoin supply grew just 6%.
- How businesses receive an estimated 58% to 64% of stablecoin payment volume, including $137 billion to $153 billion in B2B settlement.
- Where stablecoin payment activity is concentrated globally and why adoption extends beyond emerging markets.
- How use cases including remittances, service fees, payroll and supplier payments are contributing to stablecoin adoption.
- Why banks and payment networks are pursuing stablecoins and tokenized deposits as the institutional landscape changes.
- How emerging regulatory and accounting frameworks could influence the next phase of corporate and institutional adoption.
Download the full report to explore the data behind the growth of stablecoin payments and what this rapidly developing market could mean for financial institutions and businesses.
