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Stablecoin Payment Volume Hits $4.5T in Q1 as Asia Generates Nearly Two-Thirds
Stablecoin payment volume reached $4.5 trillion in the first quarter of 2026, according to a16z crypto’s quarterly tracker. a16z crypto said nearly two-thirds of that volume came from Asia, mainly Singapore, Hong Kong, and Japan. An IMF working paper linked the U.S. House passage of the GENIUS Act to a roughly $22 billion abnormal drop in market value across 35 payment companies, highlighting growing concern over disruption to legacy payment networks.