Crypto
Stablecoin transaction volume hits $35 trillion, but real payments are 1 percent
Stablecoin transfers on blockchains totalled about $35 trillion last year, but only about 1 percent was used for real payments, an analysis found. A joint report by McKinsey and Artemis Analytics said actual payment activity via stablecoins was about $380 billion in 2025. That equals 1 percent of total stablecoin transaction volume and about 0.02 percent of the global payments market, it said.