Bitwise said stablecoin transfer volume reached roughly $33 trillion in 2025, with cited data also showing stablecoins above $22 trillion versus Visa near $4 trillion in 2026.
Stablecoin transaction volume reached about $33 trillion in 2025, exceeding Visa’s roughly $14.5 trillion over the same period, according to Bitwise. The figures underscore how dollar-pegged tokens are being used at a scale that now rivals major traditional payment networks, particularly for moving value across crypto markets and blockchain-based payments. The cited data also shows stablecoins above $22 trillion versus Visa at around $4 trillion in 2026.