Update
Coinbase Research: Stablecoin Transfers Exceed $891B in Q3 2026
Coinbase-commissioned research reveals that stablecoin transfers in the third quarter of 2026 reached $891 billion, over four times the $216 billion recorded in the first quarter of 2023. The measure excludes trading infrastructure and automated activity, focusing on transfers rather than verified merchant sales. The report projects nearly $1,500 billion in quarterly volume by the fourth quarter of 2027 if the current growth rate continues.