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The Stablecoin Index

The Stablecoin Index

The data behind stablecoin adoption

The data behind stablecoin adoption.
Explore a collection of interactive dashboards covering stablecoin transactions, payment activity and adoption across markets and networks. Cut through the noise, compare trends, examine the numbers and discover how stablecoin usage is evolving.
Insights & Reports

Go beyond the data

Explore Orbital's latest research, reports and in-depth analysis, uncovering the stories behind the numbers and what they mean for the future of payments.
The honest price of stablecoin FX
Deep Dive
October 21, 2026

The honest price of stablecoin FX

Stablecoins don’t always mean cheaper FX. We compared 27,057 quotes from 20 liquidity providers against two leading fintechs and an institutional FX desk to show where the savings are real, and where the cost just moves into weekends, payment direction and provider choice.
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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.