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      Stablecoin Transfers Surge to $891 Billion as U.S. Banks Embrace Technology

      A recent report from Coinbase and The Block Pro Research reveals that stablecoin transfer volume reached $891 billion in the third quarter of 2026, marking a significant increase from $216 billion in the first quarter of 2023. This surge represents a compound annual growth rate of approximately 50%. The report, titled "The Always-On Dollar," highlights that banks and businesses are increasingly adopting stablecoins due to their lower costs, faster settlement times, and the ability to facilitate transactions outside traditional banking hours.

      During the third quarter of 2026, organic transfers averaged over $400 million per hour, with 73% of stablecoin volume occurring outside U.S. banking hours. Despite the rise in transfer volume, the total supply of stablecoins grew only marginally, by 0.4% year-to-date, reaching $305 billion. This indicates that while usage is climbing, the market capitalization of stablecoins has remained relatively stable over the past year.

      The report also notes that seven of the ten largest banks in the United States have tested stablecoins or tokenized deposits, reflecting growing institutional interest in this technology. Projections suggest that if current trends continue, quarterly adjusted stablecoin volume could reach approximately $1.5 trillion by the end of 2027. Additionally, shifting 80% of international transactions to stablecoin platforms could potentially add $155 billion to annual global GDP.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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