Stablecoins Move Over $400M Per Hour, 73% Outside US Banking Hours
What happened: A joint study by Coinbase and The Block found that stablecoins processed over $400 million per hour in organic transfer activity during Q3 2026, with roughly 73% of this volume occurrin
What happened: A joint study by Coinbase and The Block found that stablecoins processed over $400 million per hour in organic transfer activity during Q3 2026, with roughly 73% of this volume occurring outside US banking hours. Adjusted quarterly stablecoin transfer volume reached $891 billion, quadrupling since early 2023. The report projects $1.5 trillion in quarterly stablecoin volume by the end of 2027 if current growth rates persist.
Why it matters: The data highlights stablecoins’ growing role as a 24/7 global settlement layer, increasingly used for remittances and cross-border payments. While the report is advocacy-adjacent (commissioned by Coinbase), the scale and off-hours dominance point to stablecoins’ disruptive potential for legacy banking infrastructure, especially as banks begin to adopt stablecoin rails.
Source: The Block, Crypto Briefing