Allium: Stablecoin Payments Increased by 45% to $482 Billion in the First Three Quarters, Supply Up 0.4%

Allium's latest report shows that from January to September 2023, stablecoin payments grew by 45% to $482 billion, with the number of transactions increasing by 71% to 1.04 billion. The average transaction amount decreased from $544 to $462. During the same period, the supply of stablecoins only grew by 0.4%, reaching $305 billion. In the third quarter, payment amounts increased by 51% year-on-year, with September's payments reaching $72 billion, setting a new monthly record. The supply of Tether, Circle, and Ethena all decreased, while other issuers collectively added a net increase of $6.9 billion. In the third quarter, the number of AI agent payments doubled to 68.3 million, and stablecoin card spending surged tenfold to $3.9 billion.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.