Stablecoin transfers quadruple to $891B as US banks adopt technology

Stablecoins are moving a lot more money without getting much bigger. According to a new joint report from Coinbase and The Block Pro Research, adjusted quarterly stablecoin transfer volume reached $891 billion in Q3 2026. That is four times the $216 billion recorded in Q1 2023. The report, titled “The Always-On Dollar,” was released on or around October 20, 2026. It argues that banks and businesses are adopting stablecoins for practical reasons: lower costs, faster settlement, and payments that don’t stop when the bank closes. The numbers behind the surge The jump from $216 billion to $891 billion works out to a compound annual growth rate of approximately 50%, per the report. Organic transfers averaged more than $400 million per hour during Q3 2026, according to Coinbase and The Block. From July 31, 2025, to July 31, 2026, 73% of screened stablecoin volume took place outside US banking hours. Cost is the other part of the pitch. The report says sending $200 in USDC on the Base network costs about 86% less than traditional banking channels. Supply stays flat while usage climbs Stablecoin supply grew just 0.4% year-to-date through Q3 2026, reaching $305 billion. Coinbase characteriz...