Monthly stablecoin volume reached $7.2 trillion in February 2026, surpassing the Automated Clearing House (ACH) network for the first time, which had $6.8 trillion.
ACH is an electronic payment system in the United States that allows direct money transfers between bank accounts. It is the most widely used infrastructure for processing cryptocurrency transactions across the country.
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This is a very significant milestone, demonstrating the increasingly strong growth of cryptocurrency payment systems . The fact that stablecoins surpassed ACH in February is not an isolated event.
Data from Artemis shows that the volume of stablecoins continued to increase in March, reaching $7.5 trillion – matching ACH volume during the same period.
In addition, the stablecoin market continues to expand. According to data from defillama , the market Capital of stablecoins has surpassed $316.7 billion, reaching an all-time high.
Notably, a recent report indicated that stablecoins continued to dominate the crypto market in Q1 2026. Stablecoins accounted for 75% of total volume , the highest level ever recorded.
Total volume in the past quarter exceeded $28 trillion , setting another historical milestone . However, according to CEX.IO, automated trading played a dominant Vai , with bots accounting for 76% of the total volume, the highest level in the past two years.
“Q1 2026 presents a stark contrast to 2022. Stablecoins are surging, Capital is shifting towards defensive positions, USDT and USDC are moving in opposite directions, automation is developing rapidly, and retail investors are withdrawing — patterns that emerged in mid-2022 are now returning. If the downward market trend continues this year, stablecoins could continue to be highly sought after and consolidate their dominant position in the following quarters,” the report stated.
The surge in volume is not only linked to speculative activity but also reflects the increasing practical application of stablecoins, such as business-to-business (B2B) payments, cross-border transactions, and various other financial activities.
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