Crypto
Stablecoin transfers surge but market cap stays flat amid adoption gap
Stablecoin transfer volumes reached $891 billion in the third quarter of 2026, more than quadruple early 2023 levels, a Coinbase and The Block Research report showed. Adjusted transfers exceeded $400 million per hour, with most activity outside U.S. banking hours. Banks and companies expanded testing and usage, while addresses holding stablecoins were estimated at 293 million. Despite rising use, stablecoin market capitalisation stood at $301.42 billion, slightly below a year earlier.
