Stablecoins Surpass ACH Network Volume in February

TLDR

• Stablecoins recorded $7.2 trillion in adjusted transaction volume in February, surpassing the ACH network’s $6.8 trillion.
• Artemis calculated the data using a 30-day rolling adjusted volume and excluded MEV and intra-exchange transfers.
• Stablecoins reached $7.5 trillion in March, matching ACH volume over the same period.
• Total stablecoin supply rose to $315 billion in the first quarter of 2026, according to CEX.IO.
• Stablecoins accounted for 75% of total crypto trading volume during the quarter.

Stablecoins processed more transaction volume than the US Automated Clearing House network in February, according to Artemis data. The 30-day adjusted rolling volume reached $7.2 trillion, while the ACH handled $6.8 trillion during the same period. The figures mark the first time stablecoins have exceeded the ACH network in total transaction value.

Artemis calculated the data using adjusted 30-day rolling volume in US dollars. The platform excluded MEV activity and intra-exchange transfers from centralized exchanges. It then compared the results with daily average volumes from major financial systems.

Stablecoins Surpass ACH in Monthly Transaction Volume

Artemis reported that stablecoins recorded $7.2 trillion in adjusted volume for February. In contrast, the ACH network processed $6.8 trillion during the same 30-day window. The ACH network serves as the backbone of US electronic payments. Nacha data shows that the ACH processes about 93% of salary payments in the United States.

Artemis data also shows stablecoin volume reached $7.5 trillion in March. That figure matched the ACH network over the same 30-day period. The data indicates steady growth for stablecoins compared with systems such as Visa and PayPal. Analysts continue to track the monthly rolling figures for further comparisons.

Analyst Alex Obchakevich commented on the trend through a post on X. He stated, “Stablecoins are quietly becoming the foundational infrastructure for global payments: no banks, no weekends, no borders.” His remarks followed the release of the February transaction data. The statement highlighted the speed and availability of blockchain-based transfers.

Stablecoin Supply Climbs as Institutional Activity Grows

CEX.IO reported that total stablecoin supply reached $315 billion in the first quarter of 2026. The figure reflects an $8 billion increase from the first quarter of 2025. The supply growth coincided with rising usage across trading platforms and payment networks. Market data shows steady expansion since 2020.

Stablecoins accounted for 75% of total crypto trading volume during the quarter. That share marked the highest level on record, according to earlier reports. Data shows total supply rose from less than $30 billion in 2020 to more than $300 billion in 2026. The figures track the rapid expansion of the asset class over six years.

Frank Chaparro, content head at GSR, addressed the trend in a recent post. He wrote that banks or fintech firms are “toast” if they ignore the sector’s growth. Chaparro cited the GENIUS Act as a regulatory measure that has encouraged institutional adoption. Analysts at Standard Chartered projected that total stablecoin market capitalization could reach $2 trillion by 2028, representing growth of more than 530% from current levels.

The post Stablecoins Surpass ACH Network Volume in February appeared first on CoinCentral.