According to researcher Rafi's statistics, international stablecoins' adjusted transfer volume in the first quarter of 2026 reached $760 million, a year-over-year increase of 245%. The statistics exclude exchange-related traffic, minting and burning activities, and smart contract interactions, mainly reflecting actual economic activity between EOAs. Among them, EURC still dominates, while on-chain foreign exchange settlement demand continues to grow, with native currency stablecoins like CNGN, BRLV, and IDRX reaching transfer volumes of $25 million, $22 million, and $17 million respectively.