Stablecoins Surpass US ACH in Monthly Transaction Volume for the First Time

Stablecoin transactions recently reached a significant milestone, surpassing the US Automated Clearing House (ACH) in monthly volume for the first time. With a total of $7.2 trillion in February alone, the rise of stablecoins points to their increasing importance in the global financial landscape.

Key Takeaways

Stablecoin transaction volume hit $7.2 trillion in February, exceeding the ACH's $6.8 trillion.
The stablecoin market has shown steady growth, with cumulative volumes reflecting a shift towards decentralized finance.
In March, stablecoin volume rose to $7.5 trillion, maintaining its position alongside ACH activity.
Total stablecoin supply increased to $315 billion in Q1 2026, reflecting an $8 billion rise year-over-year.
Analysts forecast that the stablecoin market could grow to $2 trillion by 2028, driven by institutional adoption and regulatory changes.

The Rise of Stablecoins

Stablecoin market volumes have been steadily increasing, outperforming other major financial systems like PayPal and Visa. According to data from blockchain analytics firm Artemis, the adjusted rolling volume for stablecoins in February reached $7.2 trillion, surpassing the Automated Clearing House (ACH) network's volume of $6.8 trillion.

To accurately compare stablecoin transactions with daily averages from other payment systems, the figures exclude Miner Extractable Value (MEV) activities and transactions within centralized exchanges.

On a recent post to X, researcher Alex Obchakevich noted that stablecoins are becoming an essential infrastructure for global payments, operating without banks or geographical limitations and without interruptions on weekends. Additionally, statistics from Artemis indicate that stablecoin activity reached $7.5 trillion in March, equaling the ACH volume during that month and continuing to break previous records.

High Demand for Stablecoins

The total supply of stablecoins in the first quarter of 2026 hit $315 billion, which is an increase of $8 billion compared to the same period last year, according to figures from CEX.IO. This surge in stablecoin trading activity accounted for approximately 75% of all crypto transactions during the quarter.

Furthermore, increasing acceptance by institutional players, even in the face of a challenging regulatory environment in the United States, has significantly contributed to the growing popularity of stablecoins.

Future Projections

Market analysts from prominent financial institutions like Standard Chartered predict that the value of stablecoins could reach a staggering $2 trillion by 2028, representing an increase of over 530% from current levels.

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