Stablecoin Settlement Volume Hits $5.2T Annualized, Closing In on Visa's $13T

2026-10-30, FP360 — Global stablecoin settlement volume has reached a $5.2 trillion annualized run rate, now 40% of Visa's $13 trillion clearing volume, as B2B cross-border payments and DeFi activity accelerate despite regulatory headwinds. The surge is driven by institutional adoption of tokenized deposits and yield-bearing stablecoins, pushing daily transfers up 28% quarter-over-quarter. Market impact: stablecoin issuers are capturing share from traditional card networks, pressuring fees and forcing banks to accelerate their own digital asset strategies.

The Signal: Stablecoins are no longer a crypto sideshow; they are becoming a parallel payment rail that threatens card network economics.

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Originally published on FINPULSE 360