Allium: In August, the supply of stablecoins reached 303 billion USD

The blockchain data platform Allium released the report "Stablecoins and Payment Status: September 2026." The report shows that in August 2026, the supply of stablecoins reached $303 billion, a year-on-year increase of 6%, with Tether and Circle accounting for 85% combined. Exchanges held $89 billion, and DeFi protocols held $26 billion.

In the first eight months of 2026, stablecoin payments reached between $401 billion and $527 billion, a year-on-year increase of 42% to 63%. Enterprises received 58% to 64% of the payments, with B2B being the largest channel. The growth rate of cross-border stablecoin payments is seven times that of traditional fiat channels. From January to August, the total transfer volume reached $85 trillion, and after excluding internal exchange transfers, DeFi, and infrastructure transfers, the real economic activity was $4.0 trillion, of which transactions accounted for 69%, value storage accounted for 13%, and payments accounted for up to 13%.

B2B settlements reached between $137 billion and $153 billion. In corporate operations, service fees were $56 billion, salaries $43 billion, vendor payments $28 billion, and retail purchases $19 billion. In geographically attributed payments, 61% were domestic. Thailand received $10.8 billion, Turkey $7.8 billion, Indonesia $6.3 billion, and Mexico $6.1 billion. The proxy payments on the x402 protocol reached 29 million monthly transfers in August, averaging $0.06 per transfer. Ether.fi Cash's monthly expenditure increased to $108 million.