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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.
Quality data
In partnership with leading blockchain data provider Artemis, and app store intelligence from Sensor Tower.
Data
Highlights

Highlights in Figures

As of July 2025
$250bn
Circulating Supply
$18tn
Annualised wallet-2-wallet transfer volume
375m
Monthly retail payments
3.5m
Daily active stablecoin wallets
41m
Stablecoin addresses
€100bn
Annualised EUR stablecoin volume

Latest insights

Second edition: Q3 2025 Market Snapshot
Orbital’s second edition of the Stablecoin Retail Payments Index delivers fresh Q3 insights. We spotlight the most-used chains and tokens, wallet behavior, and retail premium dynamics, with an emphasis on how stablecoins function as everyday payment methods.
Download report
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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