Stablecoin Dominance: Mercuryo Data Reveals 60% On-Ramp Share

Stablecoins have become a dominant force in crypto transactions, according to Mercuryo's data. In the first half of 2026, stablecoins accounted for 60% of total crypto purchase value processed through their on-ramp infrastructure, up from 43% in the second half of 2025.

On the off-ramp side, USDC and tether (USDt) represented 57% of accepted transactions in the same period, compared with 25% a year earlier. Their share of total off-ramp turnover rose from 30% to 56%.

The volume of stablecoin off-ramp transactions grew by 446% year on year, significantly outpacing other digital tokens at 38%. Stablecoins accounted for roughly 80% of the overall increase in off-ramp activity during this period.

Arthur Firstov, chief business officer at Mercuryo, attributed the shift to a broadening awareness of crypto payroll. 'Stablecoins provide a low-cost, high-speed means of transferring value,' he said. 'Their growing use for salary payments reflects increasing awareness of the advantages that crypto payroll services offer over traditional payroll.'

Mercuryo's data frames the growth primarily around two use cases: payroll for remote workers and freelancers, and corporate treasury operations. On the corporate side, businesses are using stablecoins to rebalance treasury positions across jurisdictions, move working capital between subsidiaries, and settle supplier invoices in real time.