The reported quarterly volume was more than double Q3 2023 levels, with the GENIUS Act cited as the main catalyst for the market’s expansion.
Stablecoin transfer volume reached $4.5 trillion in the first quarter of 2026, according to the provided report. The figure was more than double the level recorded in the third quarter of 2023, indicating a sharp rise in the use of blockchain-based dollar-pegged tokens for moving value. The source identifies the GENIUS Act as the key turning point, suggesting that regulation helped accelerate adoption by giving the sector clearer operating conditions. In crypto markets, stablecoins are widely used for trading, payments, and settlement because they are designed to maintain a fixed value relative to traditional currencies.