Stablecoin Supply Reaches $303 Billion in August 2026

The blockchain data platform Allium has reported that the supply of stablecoins reached $303 billion in August 2026, marking a 6% increase compared to the previous year. Tether and Circle, two major players in the stablecoin market, accounted for a combined 85% of this supply. Additionally, cryptocurrency exchanges held $89 billion in stablecoins, while decentralized finance (DeFi) protocols held $26 billion.

In the first eight months of 2026, stablecoin payments surged between $401 billion and $527 billion, reflecting a year-on-year increase of 42% to 63%. A significant portion of these payments, between 58% and 64%, were received by enterprises, with business-to-business (B2B) transactions being the largest segment. Notably, the growth rate of cross-border stablecoin payments was reported to be seven times that of traditional fiat payment channels.

The total transfer volume of stablecoins from January to August reached $85 trillion. Excluding internal transfers, the real economic activity attributed to stablecoins was $4.0 trillion, with transactions making up 69% of this figure. B2B settlements alone accounted for between $137 billion and $153 billion, with service fees, salaries, vendor payments, and retail purchases contributing significantly to the overall payments.

Geographically, 61% of stablecoin payments were domestic. Thailand received $10.8 billion, followed by Turkey with $7.8 billion, Indonesia with $6.3 billion, and Mexico with $6.1 billion. The x402 protocol facilitated 29 million monthly proxy payments in August, averaging $0.06 per transfer, while Ether.fi Cash's monthly expenditure rose to $108 million.

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Source: KLEA News