Stablecoin payments grow as banks retain influence over adoption

Homepage > News > Finance > Stablecoin payments grow as banks retain influence over adoption TL;DR: Stablecoins are getting cheaper and more widely used for payments, even as supply stalls. Borderless.xyz puts median remittance costs near 1% versus 6.36% for traditional transfers, and Allium says payments rose 45% while supply grew just 0.4%. Meanwhile, a BIS paper suggests that higher bank deposit rates could further slow growth. Key Takeaways: Stablecoin remittances cost a median of about 1%, compared with the World Bank’s 6.36% global average, implying savings of roughly 84%. Stablecoin payments grew 45% to $482 billion through September 2026, while supply grew only 0.4% to $305 billion. The average stablecoin payment fell from $544 to $462, while card spending reached $3.9 billion, indicating a shift toward smaller payments. A BIS working paper finds that higher bank deposit rates reduce stablecoin growth, suggesting banks can influence adoption through deposit pricing. Three new reports highlight stablecoins’ potential to lower cross-border payment costs and their growing use in smaller transactions, while suggesting that sluggish supply growth and competition from be...