Stablecoins Hit ₱435.78 trillion ($7.2 trillion) Volume, Surpassing ACH
For the first time, stablecoins moved more money in a month than the ACH network, which processes 93% of US salary payments. Blockchain analytics firm Artemis recorded ₱435.78 trillion ($7.2 trillion) in stablecoin volume during February versus ACH's ₱411.57 trillion ($6.8 trillion).
Key Takeaway
Stablecoins now move more money monthly than the system paying most American workers.
Blockchain analytics platform Artemis recorded ₱435.78 trillion ($7.2 trillion) in stablecoin transaction volume during February, the first month stablecoins topped the Automated Clearing House network that handles most US salary payments. The ACH network moved $6.8 trillion in February.
By March, stablecoin volume climbed to $7.5 trillion and matched ACH over a 30-day period. Total stablecoin supply hit $315 billion in the first quarter of 2026, up $8 billion from the same period in 2025, with stablecoins now representing 75% of total crypto trading volume.
GSR Content Head Frank Chapparo said banks and fintech firms are toast if they ignore the explosive growth. He pointed to the GENIUS Act as key regulation unlocking institutional adoption. Standard Chartered projects stablecoin market capitalization will reach $2 trillion by 2028, a jump of over 530% from current levels.
The comparison to ACH highlights how fast the sector expanded. Total stablecoin supply sat below $30 billion in 2020 and now exceeds $300 billion. Stablecoin velocity increased from 60x to 113x between 2023 and 2024 based on average supply, indicating growing non-trading uses like programmable money adoption by corporates and asset managers.
This article was written based on reporting from Cointelegraph.
