Alexx0

Local stablecoins are growing six times faster than USD- stablecoins, but the gap remains enormous
The stablecoin market is dominated by assets pegged to the dollar. A $276B supply versus $1.7B for all local stablecoins combined.
That’s a 162-fold difference, but local stablecoins are just getting started.
But here’s what the supply chart doesn’t show: local stablecoins have grown by +150% YoY, while USD-pegged stablecoins have grown by only +24%. That’s six times faster growth from a small base.
Why is this important?
The narrative surrounding stablecoins has always been “dollar dominance is

In my previous analysis, I wrote that stablecoins had surpassed ACH in monthly volume, which, you’ll agree, looks very bullish for the market.
But if we look at the analysis for 2025, stablecoins will lag far behind ACH in annual volume, not to mention SEPA volume, which, according to my forecast, has reached *$ 259T.
Stablecoins are growing rapidly, but on an annual basis, they are still lagging behind financial systems like ACH and SEPA.
I would also note that the actual payment volume of stablecoins isn’t that large and hovers around $250B, which is very low and in its early stages comp

Kraken just acquired Reap for $ 600M - and it's not just a bold move, it's a signal.
@reapglobal builds payment infrastructure for businesses: corporate cards, expense management, cross-border settlements. For @fx, this is a direct entry into the B2B payments stack - territory that crypto exchanges rarely touched before.
But zoom out, and Kraken isn't alone.
Over the past three years, the payments sector has become the most active M&A battleground in crypto. Nine major deals, over $5.5B deployed:
@Mastercard → @BVNKFinance ($1.8B): the clearest sign yet that card networks are buying into stab

Crypto cards reached $ 649M in April, showing a 192% YoY growth.
The leading chain remains @trondao, accounting for 32% of the total volume. Crypto cards generate more volume on TRON than on @ethereum and @BNBCHAIN combined.
TRON has a massive user base in Southeast Asia, Latin America, and Africa - regions where demand for crypto cards as an alternative to traditional banking systems is the strongest.
At the same time, solana:Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB is the primary stablecoin used for payments via crypto cards, which is logical given the dominance of @trondao and @RedotPa

$ton has risen by +91% over the past 7 days.
a fundamental trigger occurred when telegram became the lead validator, and the memecoin hype surrounding $ton drove this growth.

The crypto card market is heavily hyped and still in its very early stages. I compared 20 crypto cards with Tazapay (only Polygon chain volume) and found very interesting results.
A single project in the cross-border payments sector, operating on a single chain, generates more volume than all 20 crypto cards combined.
Of course, there are many more crypto cards, and the monthly volume of crypto cards could reach $1B if we include CEX crypto card volumes.
But all of this is still too small to compete with other sectors.

According to my data, the total transaction volume among companies on Polygon in Q1 2026 was $5.87B -up from $1.15B a year earlier. That’s a fivefold increase over 12 months.
@0xPolygon is becoming the infrastructure on which real payment products are built - with volumes comparable to those of traditional fintech players.
Q1 2026 showed that demand for stablecoin settlements is growing faster than most expected.
And this is just one chain.

If you had bought HYPE on January 1, 2026, you would have seen a +69% gain by now.
Also, TRX is up +14% and XAUt (Gold) is up +7%.
⚠️ This is not financial advice!

The number of unique P2P stablecoin addresses on @0xPolygon in Q3 2026 exceeded the total for all of 2024.
8.1M in 2024 versus 8.4M in Q3 2026
If this trend continues, by the end of 2026 we could see more than 30M P2P unique addresses.

Revolut is quietly becoming one of the main entry points into the crypto market — and the numbers back this up.
Over the past two years, the volume of crypto transactions on @Revolut has grown from nearly zero to a steady $1B - $1.5B per month. And in March 2026, the volume reached $1.8B, marking an ATH.
Here’s how this growth unfolded:
→ Initial surge in 2023 (~$100M) (@ethereum)
→ Scaling phase in 2024 (~$800M–$1B) (+ @trondao)
→ Expansion to multi-chain networks in 2025 ($1.5B–$1.8B) ( +@0xPolygon, @solana, @arbitrum, @Optimism, and @avax )
@Revolut has evolved from a simple fintech featur

CEX spot trading volumes plummeted to one of the lowest levels in recent years - $545B in March 2026. For comparison: the low was $479B in November 2023.

In March, @0xPolygon reached a historic milestone of 4 million unique @USDC users. This also represents a 38% increase compared to February.
@USDT0_to on Polygon, meanwhile, matched its all-time high (ATH) of 2.2 million users set in May 2025.
Both key stablecoins are showing phenomenal growth on Polygon.