Analytics firm Allium estimated $482 billion in identifiable stablecoin payments through September 2026, up 45% from the comparable period, while stablecoin supply grew 0.4% to roughly $305 billion. Its research counted about 1.04 billion payment transactions in the first nine months, up 71%, with a smaller average payment.
The estimate filters out other on-chain activity and is not meant to cover all stablecoin transactions. Payment volume does not show profit, and activity alone does not establish durable consumer adoption.
