digital payment tokens

See how digital payment tokens are really being used for payments

Welcome to the Stablecoin Retail Payments Index

Most on-chain tokenised payment volume comes from trading and liquidity flows. The Digital Retail Payments Index filters these out to highlight everyday transactions - payroll, supplier transfers, and eCommerce payments under $10k.
Quality data
Orbital’s Index provides a clearer picture of how stablecoins are being used for real payments across regions, networks, and tokens. Built in partnership with Artemis and Sensor Tower, it delivers a data-driven view that cuts through trading noise and shows genuine retail-scale adoption.
Subscribe for quarterly Index updates
direct to your inbox
Data
Highlights

Highlights in Figures

As of July 2025
$250bn
Circulating Supply
$18tn
Annualised wallet-2-wallet transfer volume
41m
Digital token payment addresses
3.5m
Annualised USD digital token payment transfers
3.4m
Daily active retail wallets
€100bn
Annualised EUR digital token payment transfers

Latest insights

Third edition: Q4 2025
Orbital's third edition of the Digital Assets Retails Payments Index delivers fresh Q4 insights. This snapshot captures both the culmination of a fluctuating year and a structural inflection point. It also includes a new section exploring exchange stablecoin flows, which reinforces the emerging specialisation of stablecoins.
Download report
Methodology
Our unique methodology is aimed to filter for consumer-scale payments (transactions under $10,000) and removes non-payment related activity.
Learn more
Our data partners
Blockchain data for the Index comes from Artemis.xyz, linking on-chain transactions with real-world behavior.
Learn more