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Stablecoin Retail Payments Index

Welcome to the Stablecoin Retail Payments Index

Welcome to the Stablecoin Retail Payments Index

The Stablecoin Retail Payments Index cuts through the noise, delivering curated, data-driven insights into consumer-sized stablecoin payments — highlighting genuine payment behaviour across regions and use cases.

Not all stablecoin activity reflects real payment use. Most on-chain volume is driven by high-frequency trading, liquidity management, and protocol-level interactions. While important, these flows can obscure the true picture of stablecoins as a payment instrument.
Filtered consumer payments
Filters for consumer-scale payments (transactions under $10,000) and removes non-payment-related activity to focus on where stablecoins are actually being used for real-world value transfer.
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Quality data
In partnership with leading blockchain data provider Artemis, and app store intelligence from Sensor Tower.
Data
Highlights

Highlights in Figures

As of January 2026
$20.4tn
Annualised W2W volume
$306b
Circulating Supply
375m
Monthly retail payments
€67.2b
Annualised EUR volume
41m
Stablecoin addresses
50m
Daily active wallets
reports

Reports Library

H1 2026 Market Review
New
Q4 2025 Stablecoin Market Snapshot
Q3 2025 Stablecoin Market Snapshot
Q2 2025 Stablecoin Market Snapshot

Behind the Index

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