ChainCatcher report: Blockchain data platform Allium has released the report “Stablecoins and Payments Status: September 2026.” The report shows that in August 2026, stablecoin supply reached $303 billion, a 6% year-over-year increase, with Tether and Circle collectively accounting for 85%. Exchanges held $89 billion, while DeFi protocols held $26 billion. Stablecoin payment volume from January to August 2026 reached $401–527 billion, up 42% to 63% year-over-year. Businesses received 58% to 64% of payments, with B2B being the largest channel. Cross-border stablecoin payment growth was seven times faster than traditional fiat channels. Total transfer volume from January to August reached $85 trillion; after excluding internal exchange, DeFi, and infrastructure transfers, real economic activity amounted to $4 trillion, with transactions accounting for 69%, value storage for 13%, and payments also at 13%. B2B settlements reached $137–153 billion. In corporate operations, service fees totaled $56 billion, salaries $43 billion, supplier payments $28 billion, and retail purchases $19 billion. Of geographically attributed payments, 61% were domestic. Thailand wallets received $10.8 billion, Turkey $7.8 billion, Indonesia $6.3 billion, and Mexico $6.1 billion. On the x402 protocol, agent payments reached 29 million monthly transfers in August, averaging 6 cents per transaction. Ether.fi Cash monthly spending increased to $108 million.
Allium Report: Stablecoin Supply Reaches $303 Billion in August 2026
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Summary
On-chain news reveals that stablecoin supply reached $30.3 billion in August 2026, a 6% year-over-year increase, according to Allium’s report. Tether and Circle controlled 85% of the market. Exchanges held $89 billion, while DeFi held $26 billion. Over the first eight months, payment volume ranged from $401 billion to $527 billion, up 42% to 63% year-over-year. Businesses received 58% to 64% of payments, with cross-border stablecoin transactions growing seven times faster than traditional channels. Total transfers reached $85 trillion, with real economic activity amounting to $4 trillion after excluding internal flows. B2B settlements ranged from $137 billion to $153 billion. Inflation data from corporate operations showed $56 billion in fees, $43 billion in salaries, and $28 billion in supplier payments. Domestic transactions accounted for 61% of geographically attributed activity. Thailand received $10.8 billion in stablecoins, Turkey $7.8 billion, Indonesia $6.3 billion, and Mexico $6.1 billion. The x402 protocol processed 29 million proxy payments, averaging $0.06 per transaction. Ether.fi Cash spent $108 million in August.
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