Stablecoin Retail Payments Index

See how stablecoins are really being used for payments

Welcome to the Stablecoin Retail Payments Index

Most on-chain stablecoin volume comes from trading and liquidity flows. The Stablecoin Retail Payments Index filters these out to highlight everyday transactions — payroll, supplier transfers, and ecommerce payments under $10k.

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Q4 2025 Market
Snapshot

Stack of reports titled 'Stablecoin Retail Payments Index Report Q4 2025 Market Snapshot' with key highlights about token roles, blockchain, transactions, stablecoin flows, and parallel currencies.

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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.

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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

41m

Stablecoin addresses

€67.2b

Annualised EUR volume

Latest insights

reports

Reports Library

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Q4 2025 Stablecoin Market Snapshot

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Q3 2025 Stablecoin Market Snapshot

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Q2 2025 Stablecoin Market Snapshot

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Important: The views and information shared here are for general informational purposes only and do not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to the accuracy, reliability, completeness, or timeliness of the data or content provided. The analysis is based on publicly available blockchain and third-party data, subject to known limitations, assumptions, and estimation methods including but not limited as outlined in the Methodology & Limitations section. Readers should conduct their own due diligence and consult with a qualified advisor before making any financial decisions. Mentions of specific digital assets, protocols, or platforms are for analytical purposes only and do not constitute endorsements or evaluations of their quality, stability, legality, or regulatory status. Orbital does not recommend buying, selling, or holding any particular digital asset and makes no representations regarding the suitability of any such asset for any use.

Methodology & Limitations: This Index is based on analysis of public blockchain transaction data. Our methodology includes filters designed to isolate smaller, wallet-to-wallet transfers under $10,000, which we use as a proxy for “retail” or consumer-scale payments. This threshold is an analytical assumption; while it helps remove larger institutional or speculative trades, it does not guarantee that all included transactions are truly consumer payments. Similarly, wallet activity is inferred using best-effort heuristics, which may result in some misclassification. Blockchain data is inherently pseudonymous and incomplete. This report does not capture off-chain transactions or private transfers, and should be considered directional rather than comprehensive.

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NB! Information provided on this website is intended to inform eligible corporate customers about Orbital’s services and does not constitute financial or investment advice. The availability of particular Orbital’s services is subject to jurisdictional and regulatory limitations. Orbital does not recommend buying or selling any particular digital assets and makes no representation on the suitability or reliability of any such asset. Cryptocurrencies are highly volatile and carry significant risks, including potential total loss. Digital asset carry risks related to issuer solvency, reserve adequacy, and evolving regulatory frameworks.

Orbital is the trading name representing the Pay Perform group of traditional financial and digital asset service providers. Regulatory status of Orbital’s services differs per jurisdiction, and you may not be protected by government or regulatory protection schemes. Please see Legal Disclosures for more information or reach out to us at: hello@getorbital.com

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