Stablecoins Overtake ACH Network for First Time

Stablecoin transaction volume has surpassed that of the U.S. Automated Clearing House (ACH) network for the first time, according to data from blockchain analytics platform Artemis. In February, 30-day adjusted rolling stablecoin volume reached $7.2 trillion, compared to $6.8 trillion processed by the ACH. The figures exclude MEV activity and intra-centralized exchange transactions.

The trend continues in March, with stablecoin volume climbing to $7.5 trillion for the month, matching the ACH over the same 30-day window. This growth reflects a multi-year trend of stablecoin volume increasing relative to networks like Visa and PayPal.

Analyst Alex Obchakevich noted that 'stablecoins are quietly becoming the foundational infrastructure for global payments: no banks, no weekends, no borders.'