Stablecoin usage is picking up across the board. Is this the beginning of a much larger stablecoin supercycle? Here's what you need to know! Stablecoin supply reaches $259.7B Over the last 12 months, average stablecoin supply has climbed to $259.7 billion - A new ATH. After staying near the $120B-$130B range throughout 2021-2023, average supply went up in 2024 and it has only moved higher since. But supply is only one point of view. Stablecoins also processed $76.2 trillion in total transaction volume over the last 12 months. Even after adjusting for noise and non-economic activity, transaction volume was $13.2 trillion at press time! User activity has been higher too. The network recorded 15.9 billion total transactions, 2.4 billion adjusted transactions, and 409.3 million total active unique addresses over the same period. Sending addresses climbed to 330.8 million, while receiving addresses were at 390.5 million. Stablecoins... Beyond crypto trading? Bitwise CIO Matt Hougan believes stablecoin supply could grow from around $300 billion today to $4 trillion by 2030. In fact, DoorDash is reportedly working with Stripe to test stablecoin payouts for 10 million Dashers across 40+ countries. Meta is also exploring similar payouts for creators in markets like the Philippines and Colombia. This connects directly with the on-chain data. So, the base layer is already large, and big tech is adding distribution. If platforms start using stablecoins for global flows, supply growth could grow tenfold. Stablecoin infrastructure attracts $600M deal The same pattern is now inside crypto as well. Consider this - Jupiter’s jupUSD stablecoin climbed to around 100,000 monthly active users, according to Token Terminal. Monthly asset senders rose from near zero in January 2026 to almost 100K by May 2026, with users doubling over the past two months. On the other hand, Kraken parent Payward is acquiring Reap Technologies for $600 million, a company focused on stablecoin-based cross-border and business payments. Payward’s shares have been valued at $20 billion in the deal. Final Summary Stablecoin supply climbed to a record $259.7B while adjusted transaction volume hit $13.2T on the charts. Big Tech firms like DoorDash and Meta are exploring stablecoin payouts too.
Are stablecoins entering a mega phase? Figures of $76T say YES!
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