Stablecoin Transfer Volumes Surpass $250 Billion Daily

Stablecoins have become a cornerstone of on-chain liquidity, providing around-the-clock global value storage, transfer, and settlement channels. The adjusted on-chain transfer volume of stablecoins has decoupled from spot trading volumes since 2025.

This year, the adjusted daily transfer volume of stablecoins exceeded $250 billion, while exchange trading volume dropped to about $18 billion daily. From 2026 to present, stablecoins have cumulatively achieved an adjusted total transfer amount of $41.7 trillion.

The application scenarios for stablecoins are continuously expanding and include exchange liquidity management, DeFi collateral scheduling, personal payments, and corporate cross-border fund flows.