Stablecoin payments totaled $482 billion between January and September 2026, up 45% year over year. The number of transactions rose 71% to 1.04 billion, while the average payment fell from $544 to $462. September recorded a record volume of $72 billion. Despite this strong activity, the total supply of stablecoins grew by just 0.4% to $305 billion at the end of September, as the same tokens can be reused across multiple transactions.
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