Stablecoin transfers top $400 million an hour as off-hours payments dominate
Round-the-clock use of dollar-linked digital tokens is accelerating as businesses and consumers increasingly use them for payments beyond traditional banking schedules. Stablecoin adjusted transfer volume reaches $891 billion in the third quarter, and the latest growth trend puts quarterly volume on track to hit $1.5 trillion by the end of 2027.
Highlights
- Stablecoins averaged over $400 million per hour in organic transfer activity in Q3, with 73% of volume occurring outside U.S. banking hours.
- Sending a $200 remittance in USDC on Base is about 86% cheaper than through traditional rails, highlighting significant cost savings for retail users.
- Adjusted stablecoin transaction volume has quadrupled since early 2023, and moving 80% of international transactions to stablecoins could boost global GDP by $155 billion annually.
Study findings on payment flows
According to The Block, the Coinbase and The Block Pro Research study says stablecoins move more than $400 million per hour on average in organic transfer activity during the third quarter. Its findings also show that about 73% of screened stablecoin transfer volume takes place outside U.S. banking hours over the 12 months ending July 31, underscoring demand for always-on payment infrastructure.The report, titled "The Always-On Dollar," links that pattern to practical payment use cases rather than purely speculative trading. It says faster settlement can help businesses use working capital more efficiently by reducing delays and limiting the need to pre-fund payment accounts.
Economic case for broader adoption
For retail users, the study says stablecoins can materially cut remittance costs. Sending a $200 remittance in USDC on Base is about 86% cheaper than sending the same amount through traditional rails, a gap the report says can particularly benefit migrant workers.Adjusted stablecoin transaction volume has quadrupled since the start of 2023, according to the study. The report adds that moving 80% of international transactions onto stablecoin rails could inject an additional $155 billion into global annual GDP, pointing to broader potential effects across payments and cross-border finance.
In our earlier article on SEON’s expansion in the Philippines, we looked at how rising digital payments and remittance activity are increasing demand for stronger fraud prevention and compliance tools. The piece explained that SEON is working with local partner Exist Software Labs to deepen its reach beyond fintech into traditional banks, remittance providers, and commerce-related payment businesses as regulatory pressure and fraud risks grow.
Latest Business News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
