Allium Reports 45% Surge in Stablecoin Payments Through September

Digital dollar transaction volumes jumped significantly while the total circulating supply of stablecoins remained nearly flat this year.

Threat Times Systems DeskOctober 19, 20262 min read

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Illustration: A sleek, translucent digital coin rests on a polished marble surface, surrounded by floating geometric rings that pulse with soft blue light. — AI-generated illustration: Threat Times

Key points

Allium reported stablecoin payments reached $482 billion year-to-date through September 30.
Transaction counts increased by 71 percent to 1.04 billion, outpacing supply growth.
The circulating supply of stablecoins grew by only 0.4 percent during the same period.

Allium reported a substantial increase in stablecoin payment activity for the first nine months of the year. The data shows that digital dollar payments rose 45 percent year-over-year, totaling $482 billion through September 30. This report highlights the volume of payments processed using stablecoins during this period.

According to a report by CoinDesk, the volume of individual transactions grew even faster than the monetary value. Transaction counts surged by 71 percent to reach 1.04 billion. This divergence between transaction volume and total supply suggests that the same digital assets are changing hands more frequently, indicating higher utility for the stablecoins already in circulation.

Context on Supply and Velocity

The growth in payment activity occurred while the total amount of stablecoins in existence remained largely static. Allium’s data indicates that the circulating supply grew by just 0.4 percent year-to-date. This minimal expansion in supply contrasts sharply with the 45 percent increase in payment values and the 71 percent rise in transaction counts.

Krisztian Sandor of CoinDesk noted that stablecoin supply has barely budged this year. The report emphasizes that the digital dollars already in circulation are performing more work in payments. This increased velocity implies that existing stablecoin balances are being used for more frequent settlement activities.

Who Is Affected

Entities involved in stablecoin payments are directly impacted by these trends. The data from Allium reflects the aggregate activity of stablecoin payments. The increase in transaction counts suggests that more individual payments are being processed using stablecoins.

Market analysts monitoring the stability and utility of digital assets may also find this data relevant. The separation of supply growth from payment growth provides a metric for evaluating the economic activity supported by stablecoins. It indicates that the current supply is handling a significantly larger volume of exchange.

What should you do?

Security professionals should monitor transaction patterns for anomalies that might indicate money laundering or fraud, given the increased velocity of funds. Organizations using stablecoins for payments should review their reconciliation processes to ensure they can handle higher transaction volumes. Auditors should verify that internal controls remain effective despite the increased frequency of asset movement.

What to do and how to stay safe: Allium

Review transaction logs for unusual frequency or volume spikes that deviate from normal business patterns.
Verify that automated reconciliation systems can process the increased number of individual stablecoin transfers accurately.
Ensure that Know Your Customer (KYC) and Anti-Money Laundering (AML) checks are applied consistently to high-frequency payment streams.
Monitor wallet addresses for rapid movement of funds that could indicate illicit activity or unauthorized access.

Step-by-step guide: Mobile Device Security: How to Protect Data Beyond Passwords

General security guidance from the Threat Times newsroom. It is not confirmed advice from the organisations named in this story.