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 digital payment tokens 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.
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Data
Highlights

Highlights in Figures

As of January 2026
$306b
Circulating supply
$20.4tn
Annualised W2W volume
375m
Monthly retail payments
50m
Daily active wallets
49.6m
Stablecoin addresses
€67.2b
Annualised EUR volume

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.
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Methodology
Our unique methodology is aimed to filter for consumer-scale payments (transactions under $10,000) and removes non-payment related activity.
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Our data partners
Blockchain data for the Index comes from Artemis.xyz, linking on-chain transactions with real-world behavior.
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