Stablecoins comprised 86% of aggregate crypto transaction volume in April 2026, up from just 12% in July 2023, with $2.81 billion in stablecoin processing recorded in May 2026 alone at 135% year-over-year growth,
according to platform data compiled in Mapping the Stablecoin Value Chain 2026, the June 2026 report published by Stablecoin Insider in partnership with
@dakota_xyz and
@rise_pay
The economics driving the migration are stark: the legacy cross-border system charges up to 12.66% per transfer and takes days to settle, while stablecoin rails complete the same transfer in about 60 seconds for under 1%.
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