Stablecoin Volumes Surpass US Automated Clearing House Network

Stablecoin transaction volume has reached new heights, surpassing the US Automated Clearing House network in February. According to data from blockchain analytics platform Artemis, the total 30-day adjusted rolling stablecoin volume hit $7.2 trillion in February, beating the Automated Clearing House network at $6.8 trillion.

The growth of stablecoins has been driven by increasing adoption by institutions amid a warming regulatory climate in the US. Analysts from major traditional finance institutions have tipped the total stablecoin market cap to hit $2 trillion by 2028, marking an increase of over 530% from current levels.