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. – Stablecoin…
yments grew 45% to $482 billion this year through September, despite circulating supply stalling in 2026, according to a fresh . – Mastercard, Stripe and Visa all announced services this week that combine stablecoins with familiar payment systems as digital dollars become increasingly part of global money movement. – Businesses want stablecoins being integrated into their existing financial operations, instead of running separate systems for digital assets, said CEO of Paris-based enterprise payments firm Fipto. Stablecoin supply has barely budged this year, but the digital dollars already in circulation are doing more work in payments, according to a fresh report from blockchain analytics firm Allium
Stablecoin payments are growing at a rapid pace, reaching $482 billion in the first nine months of 2026, up 45% from a year earlier, the report found. That growth contrasts with the broader stablecoin market. The total value of stablecoins — cryptocurrencies tied to fiat currencies such as the U.S. dollar — in circulation stood at about $305 billion at the end of September, up a meager 0.4% since the start of the year, according to the report.
The number of payments grew even more, jumping 71% to over 1 billion, the report said, suggesting that stablecoins are changing hands more often without much new supply entering the market. Stablecoin-linked cards showed some of the fastest growth. Spending measured by Allium reached $3.9 billion through September, ten times the amount a year earlier.