Overview
- Solana processed roughly $650 billion in stablecoin transactions in February 2026, surpassing Ethereum and Tron for monthly volume.
- Global stablecoin transfers reached about $1.8 trillion in February, underscoring a shift from trading activity toward settlement uses.
- Macquarie reports the stablecoin market at roughly $312 billion in March, with adjusted transfer volume near $11 trillion in 2025.
- Visa and Mastercard now support USDC settlement, while banks including JPMorgan, Citi and HSBC are piloting tokenized deposit systems.
- Fees around $0.002 on networks such as Solana and Base are enabling small-value payments and merchant integrations via Stripe, PayPal and Visa.