Stablecoins average over $400 million in hourly transfers, study finds

Stablecoins average over $400 million — Stablecoins are moving over $400 million per hour on average, with a significant portion of transfers occurring during traditional off-market hours, according to a new study from Coinbase and The Block.

The research indicates that stablecoins are on track to reach $1.5 trillion in quarterly adjusted transfer volume by the end of 2027 if current growth rates persist. This projection highlights the asset class’s expanding role in the global financial system beyond the confines of standard trading hours.

The dominance of off-hours transfers suggests stablecoins are increasingly used for purposes like international remittances and cross-border settlements, where traditional banking systems are closed. The study’s findings underscore the 24/7 utility of dollar-pegged digital assets in facilitating global value movement.