Allium: Stablecoin Payment Volume Increased by 45% to $482 Billion in the First Three Quarters, Supply Grew by Only 0.4%

The latest report from Allium shows that stablecoin payment volume grew by 45% to $482 billion from January to September this year. The number of payment transactions increased by 71% to 1.04 billion, while the average transaction amount dropped from $544 to $462. During the same period, stablecoin supply grew by only 0.4%, reaching $305 billion. In the third quarter, payment volume increased by 51% year-on-year, with September's payment volume reaching $72 billion, setting a new monthly record. On the supply side, the supply of Tether, Circle, and Ethena has declined this year, while other issuers collectively saw a net increase of $6.9 billion. In the third quarter, AI agents (intelligent agents) doubled their payment transactions to 68.3 million, and stablecoin card spending grew tenfold to $3.9 billion.