Stablecoin transfers quadruple to $891B as US banks expand adoption: Report

Stablecoin transfer volume has quadrupled to $891 billion, according to a Coinbase report, driven by growing adoption among US banks and businesses. Notably, stablecoin market capitalization has stayed largely flat over the past year, suggesting the growth is in usage and settlement activity rather than new capital issuance. Traders would read this as a structural positive for crypto infrastructure and payment rails, even though it does not directly signal fresh capital inflows into risk assets.