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 compared to other financial systems.
On the positive side, the volume of stablecoins in 2025 is higher than that of Visa, Mastercard, Amex, and PayPal combined: $33T versus $30.5T.
The future of stablecoins is already here, and their volume will only continue to grow year after year.