markets
Stablecoin settlement volumes hit $1.4tn in the quarter
Payment processors, not traders, drove the bulk of the increase as corporates adopt dollar tokens for cross-border payroll.
By Ana Ferreira · Senior Reporter · Jul 31, 2026 · 4 min read
On-chain stablecoin settlement reached $1.4tn last quarter once exchange-internal transfers are stripped out, a record for adjusted volume.
Growth was concentrated in payroll and supplier payments across Latin America and South East Asia, where correspondent banking remains slow and expensive.
Issuers say reserve income remains the dominant revenue line, but transaction fee-sharing with fintech partners is growing quickly.
StablecoinsPayments